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Automotive Telematics Market Advancements in Telematics: Enhancing Vehicle Safety, Efficiency, and Connectivity Will Reach at $96.92 billion by 2030

Automotive Telematics Market is expected to see continued growth, driven by an increased focus on predictive maintenance, asset productivity, and fleet utilization. By leveraging advanced analytics and predictive algorithms, telematics systems can help identify potential maintenance issues before they escalate, thereby minimizing downtime and maximizing asset uptime.

Market Size –

The SNS Insider report indicates that the Automotive Telematics Market was valued at USD 31.90 billion in 2022, and it is projected to achieve a market size of USD 96.92 billion by 2030, with a compound annual growth rate (CAGR) of 14.9% expected over the forecast period from 2023 to 2030.

Key Companies in the Automotive Telematics Market –

  • Robert Bosch
  • Continental AG
  • Qualcomm technologies
  • Verizon
  • Intel Corporation
  • Delphi Automotive Plc
  • LG Electronics
  • Harman International
  • DENSO Corporation
  • Ficosa International SA
  • Magnetic Marelli SpA,
  • Trimble Inc.
  • TomTom International B.V.
  • Telogis
  • Visteon Corporation
  • AT&T Inc
  • Harman International Industries, Inc.

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Market Report Scope –

Automotive telematics is a vehicle communication technology that employs GPS technology, wireless connectivity, and telemetry to control wireless tracking, diagnostics, and communication to and from the vehicle. Telematics refers to a combination of two terms: telecommunications and informatics. Telematics devices collect, process and transmit data on the use of vehicles, maintenance requirements as well as vehicle servicing. The global telematics market is being driven by increasing demand for connectivity, autonomy and intelligent technology in vehicles. Fleet management and vehicle tracking are the main uses of automotive telematics.

Market Growth Factors –

Telematics systems contribute to improving the safety of vehicles and reducing their operational costs. Telematics is used to monitor operator behaviour, such as speed and movement patterns, by commercial vehicles like forklifts, tractors or heavy trucks.

The use of telematics solutions for the regulation of commercial vehicle driving hours has been mandated by governments around the world. In the forecast period, an increased focus on predictive maintenance, asset productivity and fleet utilization are anticipated to strengthen the worldwide market. New cloud technologies are being developed by telematics companies to ensure the safe management of vehicle data. Wireless connectivity enables passengers and drivers to connect to the internet when they are in a vehicle, enabling them to use various information systems and services. The traveling dynamics information, which includes weather forecasts, the current situation of the vehicle on the road, easy route selection through maps, and information on local points of interest, can easily be accessed by the embedded module in trucks and passenger cars.

Segmentation Analysis –

The market is divided according to the type of technology used, i.e. integrated, attached and disconnected. In 2022, the embedded segment will have a significant market share of more than 65.1% worldwide. The growing integration of telematics systems into passenger and commercial vehicles by major car manufacturers is a key factor for this segment’s increased share. Moreover, the adoption of cloud based embedded telematics systems for fleet tracking is increasing. The market is classified according to application as follows: information and navigation, safety and security, fleet management, insurance telematics. In the market, the fleet management segment accounted for a market share of approximately 33.2% in 2022. Fleet management system provides consumer, vehicle manufacturer and insurance companies with cost effective and efficient services such as GPS tracking of vehicles, driving behaviour analysis, fleet alarms, route planning monitoring and fuel consumption control.

By Vehicle Type:

  • Passengers cars
  • Commercial cars

By Application:

  • Vehicle tracking
  • Fleet management
  • Satellite Navigation
  • Vehicle Safety Communication
  • Others

By Systems:

  • Driving Assistance Systems
  • Telematics Control Unit
  • Global Positioning System (GPS)
  • Vehicular Emergency Warning Systems
  • Others

By Distribution Channel:

  • OEM
  • Replacement/Aftermarket

Key Regional Development –

The market is expected to be dominated by the Asia Pacific region, with a share of more than 56.87% in 2022. In emerging economies of Asia Pacific, such as China and India, the high market share is due to a growing consumer preference for an affordable aftermarket auto telematics system. Moreover, the government’s focus is primarily on developing a cellular network and increasing internet access even to remote areas of the country.

The North American market is projected to grow by 20.1 % over the period. The increased focus of technology providers on the expansion of existing telematics systems for passenger cars is leading to strong growth in this area. Zonar Systems, Inc., a U.S. based telematics technology provider, and SRM Technologies Private Ltd., collaborated in February 2022, to develop next generation technologies and Digital Transformation Services of Light Duty Vehicles:

Key Takeaway’s–

Telematics is the electronic technology that cars use to help customers keep their vehicles safe, prevent them from being lost and call for assistance when they get lost. The black box, which receives wireless information that is superior to the radio, are also referred to as crash resilient telematics. A major driver for vehicle telematics is the increased integration of vehicles with advanced connectivity features. In order to improve the driver’s experience, safety and efficiency, connectivity of cars allows seamless communication with vehicles, infrastructure as well as outside systems. Telematics systems provide a key role in enabling vehicle connectivity, offering services like remote diagnostics, car monitoring, emergency assistance and entertainment to vehicles.

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Recent Developments –

SRM Tech and Zonar have entered into a partnership in March 2022, so more fleets can benefit from telematics enabled information. The partnership will add AI and predictive analytics capabilities to light-duty fleets’ telematics, enabling actionable data analytics for improved vehicle uptime and increased aftermarket part sales.

In March 2022, Phillips Connect made several announcements to help fleets and drivers benefit from smarter trailers, including new smart nosebox gateways, backup cameras, and a partnership with Utility to launch the Utility Connect trailer telematics system.

Mahindra is going to partner with Qualcomm and Visteon on connected car experiences in July of 2022.

Table of Contents:

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Global Automotive Telematics Market Segmentation, by Vehicle Type
8.1 Passengers cars
8.2 Commercial cars

9. Global Automotive Telematics Market Segmentation, by Application
9.1 Vehicle tracking
9.2 Fleet management
9.3 Satellite Navigation
9.4 Vehicle Safety Communication
9.5 Others

10. Global Automotive Telematics Market Segmentation, by Systems
10.1 Driving Assistance Systems
10.2 Telematics Control Unit
10.3 Global Positioning System (GPS)
10.4 Vehicle Tracking Systems
10.5 Vehicular Emergency Warning Systems
10.6 Others

11. Global Automotive Telematics Market Segmentation, by Distribution Channel
11.1 OEM
11.2 Replacement/Aftermarket

12. Regional Analysis

Continued…!

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