Telematics Solutions Market Size, Share, Growth, Trends, Production, Consumption, Revenue and Forecast 2020 to 2027

Published Date : Apr 2020 | No. of Pages : 200 Pages | Category :

The telematics solutions market size is projected to reach around USD 64.2 billion by 2027, growing at a CAGR of 17.2% during the forecast period 2020 to 2027.

An increase in efforts by the government for developing an intelligent transportation system, developments in 5G connectivity, increasing demand for smartphone features in the car and automated driving technologies along with passenger safety features will boost the demand for telematics solutions market.

Fleet Management segment is estimated to be the fastest-growing market during the forecast period

The fleet management segment for commercial vehicles is expected to hold the fastest market share owing to a decrease in the cost of running of business and fuel efficiency. Fleet management software helps running a business seamlessly by providing a plan for more efficient routes, lower excess fuel usage and eliminate risky driver habits by identifying the causes. Fleet management systems allow users to locate company vehicles on-demand, gather and store engine error codes and detect dangerous driver habits such as speeding, harsh braking, and idling. This data is invaluable for companies and it helps businesses to cut costs throughout their operation. In the forecasted period, it is expected that Asia Pacific will lead the market due to the high usage of fleet management services in commercial vehicles in China, Japan and South Korea.

Embedded System is expected to lead the market during the forecasted period

The Embedded system is expected to hold the largest market for the telematics solutions market. The growth of embedded telematics solutions is attributed to various disruptive factors such as government mandates, cost optimization of service plans, and growth of cloud-based services. Many telematics services cannot be used efficiently without having an embedded connectivity solution in the car such as eCall, remote diagnostics, and many more which is increasing the adoption of embedded connectivity. Government regulations are the principal reason for the growth of embedded connectivity. Europe has already mandated eCall since March 2018. Brazil and Russia will start mandating the fitment of embedded telematics. In the longer run, it is expected that China will also introduce similar mandates for telematics, which, coupled with its rise in vehicle sales, would ensure that it becomes the leading market for embedded telematics globally.

Asia Pacific region is expected to lead the OE market during the forecast period

The Asia Pacific market is expected to lead the market during the forecast period especially in China, followed by Japan and South Korea. The Asia Pacific market growth is majorly driven by upcoming government rules and regulations for telematics, increase in fleet management, and rise in concern regarding safety & security are the key factors that significantly contribute toward the growth of China, India and Southeast Asia automotive telematics solutions market. Moreover, a rise in the trend of connectivity solutions are expected to boost the growth of the APAC telematics solutions market. Also, vehicle diagnose due to the telematics systems is expected to fuel the market in Asia Pacific in the forecasted period for telematics solutions market

Key Market Players

The global telematics solutions market is dominated by major players such as Robert Bosch GmbH (Germany), AT&T INC. (US), Continental AG (Germany), LG Electronics (South Korea), and Verizon (US). These companies have strong distribution networks at a global level and offer an extensive product range. These companies adopt strategies, such as new product developments, collaborations, and contracts & agreements to sustain their market position.

Segmentation

Based on the Service, the market has been segmented as follows:

  • Automatic Crash Notification
  • Emergency Calling
  • Navigation
  • On-Road Assistance
  • Remote Diagnostics
  • On-Road Assistance
  • Vehicle Tracking/Recovery (Fleet Management)
  • Insurance Risk Assessment
  • Driver Behaviour
  • Billing Services
  • Others(Fuel efficiency Guidance, Geo-Fencing, Eco Driving)

Based on the Hardware, the market has been segmented as follows:

  • Telematic Control Unit
  • Navigation Systems
  • Communication Devices
  • Audio/Video Interface
  • CAN Bus

Based on the form type, the market has been segmented as follows:

  • Embedded
  • Tethered
  • Integrated

Based on the Vehicle Type, the market has been segmented as follows:

  • Passenger Car
  • LCV
  • Truck
  • Bus

Based on Connectivity, the market has been segmented as follows:

  • Satellite
  • Cellular

Based on Aftermarket, the market has been segmented as follows:

  • Passenger Car Aftermarket
  • LCV Aftermarket
  • HCV Aftermarket

Based on Service Type (Fleet Management), the market has been segmented as follows:

  • Consulting
  • Implementation
  • Maintenance

Based on the region, the market has been segmented as follows:

  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Thailand
    • Rest of Asia Pacific
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • Spain
    • United Kingdom
    • Russia
    • Rest of the Europe
  • Rest of the World
    • Argentina
    • Brazil
    • Iran
    • South Africa
    • Rest of the RoW

Recent Developments

  • In June  2017, Robert Bosch Engineering and Business Solutions (RBEI) and GVK Emergency Management and Research Institute (GVK-EMRI) signed a Memorandum of Understanding (MoU) to provide emergency call (eCall) services across India. eCall from Bosch is a centralized emergency response handling system covering all major public safety answering points that include the hospital, police, and fire. The priority will be to mobilize quick response in severe accidents or life-threatening situations on the road. The eCall service is available inside all vehicles fitted with the Bosch product. This will drive the telematics market in India.
  • In February 2018, AT&T Launched Fleet Management for Enterprise and Government. AT&T Fleet Management for Enterprise and AT&T Fleet Management for Government will help boost productivity, control costs, improve safety, and manage compliance for our customers.
  • In April  2017, Continental AG announced to expand the worldwide network of its R&D centers. The company opened a new location with an area of 65,000 square feet in San Jose in Silicon Valley, California, US, where up to 300 experts from all parts of the company would work on all segments, including an internal division for the sustainable mobility of the future.
  • In December 2017, LG started working with the mapping provider HERE to put together a telematics product aimed at self-driving vehicle applications. The joint solution will put LG’s telematics tech together with HERE’s location services and high-resolution maps to offer something automakers can use as a communications hub for both semi-autonomous and fully autonomous vehicle platforms.
  • In March 2018, Ram Commercial selected Verizon Connect for its factory-fit telematics software solutions on select Ram commercial vehicles. Ram Telematics powered by Verizon Connect is a comprehensive telematics and mobile workforce management software platform that supports Ram’s commitment to providing customers with value beyond the vehicle. The new offering will help customers save money, increase driving safety, and improve operations by providing critical information businesses of any size can use to optimize their fleets.

Critical Questions:

  • Many companies are operating in the telematics solutions market space across the globe. Do you know who are the front leaders, and what strategies have been adopted by them?
  • Fast-paced developments in telematics services such as fleet management, insurance risk assessment, and driver behavior offered by leading services and solution providers are expected to change the dynamics of the telematics solutions market. How will this transform the overall market?
  • Analysis of your competition that includes major players in the telematics solutions ecosystem. The major players include Robert Bosch GmbH (Germany), AT&T INC. (US), Continental AG (Germany), LG Electronics (South Korea), and Verizon (US) among others.
  • Discussion on your client’s imperatives based on our existing research on the telematics solutions market and its ecosystems.

The Telematics Solutions market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Telematics Solutions market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Telematics Solutions market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Telematics Solutions market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Telematics Solutions market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Telematics Solutions capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Telematics Solutions by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Telematics Solutions market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Telematics Solutions market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Telematics Solutions market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Telematics Solutions industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Telematics Solutions market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Telematics Solutions market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Telematics Solutions market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Telematics Solutions market. These factors have benefited the growth of the global market for Telematics Solutions. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Telematics Solutions. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Telematics Solutions are as follows:

  • History Year: 2016-2019
  • Base Year: 2019
  • Estimated Year: 2020
  • Forecast Year 2020 to 2027

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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