Automotive Telematics Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2029 | Introspective Market Research

Market Overview:

Global Automotive Telematics Market was valued at USD 33.70 Billion in 2021 and is expected to reach USD 91.85 Billion by the year 2028, at a CAGR of 15.4%.

Telematics, or telematics systems, refers to the convergence of telecommunications and information processing. It is commonly used to refer to the intersection of information technology and telecommunications. It offers functions such as collision warning, vehicle tracking, emergency calling, driver behaviour monitoring, navigation, and on-road assistance. Data is exchanged between the vehicle and back-office systems, including maps, weather forecasts, stock updates, and internet data. Communication occurs through mobile phones or installed devices, utilizing cellular towers and satellite technology.

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• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis

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Market Dynamics:

Driver:
Smartphones have revolutionized connectivity, and people now expect to stay connected even while travelling. To meet this demand, automobile manufacturers are integrating connectivity technologies into their vehicles, aiming to boost sales. Consumers desire vehicles that can perform tasks similar to computers and smartphones. With the integration of IoT devices, high-speed internet connectivity, and digitalization in passenger and commercial vehicles, smartphones can now be used to control and monitor vehicle performance through integrated telematics. Consequently, the vehicle telematics market is projected to grow significantly in the forecasted period, driven by the increasing adoption of connected technologies in the automotive industry.

Opportunities:
Automobile OEMs and telecom providers are seeking corporate solutions such as enterprise resource planning, customer relationship management, supply chain management, and human resource management to effectively manage expansion as the consumer base grows. To achieve cost-effectiveness, companies may adopt software as a service or cloud solutions. Telematics brings together various sectors, necessitating the development of applications and system integration among multiple parties. System integration services present opportunities in the telematics market. As technology advances, middleware implementation becomes crucial for connecting diverse systems. There is potential for further enhancing the telematics market by integrating the systems within Automotive OEMs, telecommunication providers, third-party systems like banks, and the Internet.

Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help

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Market Segmentation
By Service, Fleet management is the dominating segment in the Automotive Telematics Market. Fleet management systems assist in the smooth operation of a business by recognizing unsafe driving habits, reducing excess fuel consumption, and providing a strategy for more efficient routes.
By Technology, Embedded Segment is dominating in Automotive Telematics Market. Several disruptive factors, such as the expansion of cloud-based services, cost optimization of service plans, and government regulations, have contributed to the growth of the embedded technology industry.
By Sales Channel, the Aftermarket segment dominates the Automotive Telematics Market and is expected to increase at the quickest rate during the forecasted period.

By Service
• Information & Navigation
• Safety & Security
• Fleet Management
• Insurance Telematics
• Others

By Technology
• Integrated
• Embedded
• Tethered

By Sales Channels
• OEM
• Aftermarket

Regional Analysis of Automotive Telematics Market
North America is dominating the Automotive Telematics Market. Due to rising industrialization and a large number of commercial vehicles, the area leads the worldwide market. The primary factors driving market expansion in this area are increased safety and security concerns among drivers, passengers, and vehicles, as well as the avoidance of accidents.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

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Players Covered in Automotive Telematics market are :
• Act Soft
• Airbiquity Inc
• Airiq Inc
• Astrata Group; At&T
• Box Telematics
• Calamp
• Continental AG
• Delphi Automotive Plc
• Garmin Ltd
• Harman International
• Intel Corporation
• LG Electronics
• Magneti Marelli S.p.A
• Masternaut Limited

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