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Automotive Telematics Market Size, Growth

Automotive Telematics Market:

The GMI Research forecasts that the automotive telematics market is witnessing an upsurge in demand during the forecast period. This is mainly due to the emerging trend of connectivity solutions and rising government regulations for the adoption of telematics.

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Top Manufacturers in the Automotive Telematics Market:

  • Masternaut
  • Cartrack
  • Omnitracs
  • MiX Telematics
  • Trimble Inc.
  • TomTom International BV.
  • HARMAN International
  • Verizon
  • Teletrac Navman US Ltd
  • D. Systems Inc.

Automotive Telematics Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The emerging trend of connectivity solutions, ease of vehicle diagnosis, and rising government regulations for the adoption of telematics are the major factors surging the growth of the global automotive telematics market. Various regulations and policies are passed by the government globally for security, monitoring of vehicles, and safety. For example, in 2017, the Standardization Administration of China (SAC) and the Ministry of Industry and Information Technology (MIIT) collaborated to form national guidelines associated with the expansion of telematics systems. Currently, automobile manufacturers are fitting connectivity solutions in their vehicles to increase their automobile sales as consumers demand their vehicles to perform tasks same as their computers and smartphones. For example, Nissan Motor Co. Ltd. joined Microsoft Azure to install Connect Telematics Systems (CTS) in all LEAF and Infiniti models. The diagnostics system helps automobile dealers and customers to manage potential automobile problems before their occurrence. On the other hand, the factors that are hindering the market growth include absence of uninterrupted and seamless internet connectivity, high installation costs, and the threat of data hacking.

Regional Drivers

Based on the region, the Asia-Pacific region is projected to grow at a higher CAGR during the forecast period due to the increasing number of automobile manufacturers in countries such as China. In addition to this, one of the major factors fuelling the growth of the automotive telematics market includes the strong demand for telematics systems in the trucking industry to trace consignments in growing countries like India, China, Thailand, and Indonesia. Moreover, the growing benefits of using built-in connectivity and telematics in commercial vehicles will propel the growth of the automotive telematics market in Asia-Pacific. In addition to this, Japan and the U.S are the major users of the automotive telematics system in the vehicle category, thus fuelling the automotive telematics market in the US.

Automotive Telematics Market Segmentation:

Segmentation by Connectivity Solutions:
  • Embedded
  • Integrated smartphones
  • Tethered
Segmentation by Application:
  • Fleet/Asset Management
  • Navigation & Location-based System
  • Infotainment System
  • Insurance Telematics
  • Safety & Security
  • Others

Segmentation by Vehicle Type:

  • Commercial Vehicle
  • Passenger Car
  • Two-Wheeler
Segmentation by Channel Type:
Segmentation by Region:
  • North America
    • United States of America
    • Canada

 

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a leading market research company that offers market research reports for every industry. Our research teams have seasoned analysts and researchers and are always looking for industry-leading research techniques to create all-encompassing research reports. GMI Research’s extensive global network allows it to collect relevant information about the industry on a regional as well as country-level basis. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of sectors. We provide step-by-step assistance to our clients through strategic and consulting services to reach a managerial and actionable decision. Our market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, major factors impacting the market growth, and various market insights to aid companies to make strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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