Discover the Automotive Telematics Market lucrative opportunities by 2026


Posted January 28, 2022 by Ajaykumar_PMR

Discover the Automotive Telematics Market lucrative opportunities by 2026

 
Automotive Telematics Market 2022-2026

Persistence Market Research has rolled out a new market research report on “Automotive Telematics Market: Global Industry Analysis 2013 – 2017 and Forecast 2018 – 2026”, which examines the automotive telematics market and offers critical insights for the next eight years. Based on the findings specified in the report, the market is expected to witness an increase in the number of safety and security regulations for vehicles and increase in wireless technology for necessary vehicle operations such as door locking or unlocking, start or stop, tire pressure, wear and tear of vehicle components, location and others.

The estimated value of the global automotive telematics market in 2018 is US$ 42,624 Mn, which is expected to expand at a CAGR of 8.4% to reach US$ 81,100 Mn by the end of 2026. The APAC automotive telematics market is projected to be valued at 12,199 Mn, accounting for a 28.6% value share in 2018. By 2026, this value is projected to reach US$ 25,921 Mn, i.e. a 32.0% value share, exhibiting a CAGR of 9.9%.

Request for Free Sample Report of “Automotive Telematics” Market @ https://www.persistencemarketresearch.com/samples/3318

Key Players:

The report has profiled some of the Important players prevalent in the global like – Trimble Inc., Visteon Corporation, Airbiquity Inc., Aplicom Oy, Scorpion Automotive Ltd, iTriangle Infotech Pvt Ltd., Shenzhen Concox Information & Technology Co., Ltd., Minda Corporation Limited, idem telematics GmbH, Road Track, ACTIA Group, Lavinta Buana Sakti, Microlise Limited, BOX Telematics and Redtail Telematics Corporation and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Automotive Telematics.

automotive telematics market

Global and APAC Automotive Telematics Market Dynamics

Increasing government initiatives towards vehicle safety and security are projected to boost up the APAC automotive telematics market. For instance, the Government of China made the installation of satellite positioning and telematics systems in commercial vehicles compulsory in 2016, the Government of India has allotted US$ 2.4 Bn for improving security networks in selected cities. Furthermore, increasing mobile phone penetration in telecom is also promising factor expected to enrich the APAC automotive telematics market during the forecast period. For example, smartphone penetration in Australia was 70 – 80% in 2016, and by 2020, smartphone penetration in China, South Korea and Japan is expected to be more than 50%. Moreover, increasing transportation and logistics activities are also projected to foster the APAC automotive telematics market. The transportation and logistics market in Asia Pacific is pegged to grow annually by 7.6% and reach US$ 4.09 Tn by 2018 end, which is translating to an increase in the sales of fleet management systems.

On the flip side, lack of awareness regarding wireless technology and heterogeneous language and culture are projected to hinder the growth of the APAC automotive telematics market. In Asia, multiple languages are used, very unlike the United States where English is the default language. Automotive telematics service providers need to integrate product/content localization as well as customized user interface design to accommodate the diversity in language and culture in Asia.

Global and APAC Automotive Telematics Market Forecast

From a regional perspective, Europe is projected to dominate the global automotive telematics market. In 2018, the estimated value for Europe is US$ 14,555 Mn, i.e. a 34.1% value share. By 2020, this value is projected to reach US$ 27,554 Mn, i.e. a 34.0% value share. North America is projected to be the second largest market for automotive telematics, owing to the increasing penetration of telecom services such as car connecting technology during the forecast period. The APAC region is projected to grow with a remarkable growth rate in the global automotive telematics market, owing to the increasing production of passenger vehicles and commercial vehicles over the stipulated time period.

By vehicle type, the passenger segment is projected to dominate the automotive telematics market, owing to the increasing demand, coupled with government initiatives, particularly for vehicle safety and security. The passenger vehicle segment is projected to be valued at US$ 10,608 Mn and account for an 87.0% value share in the APAC automotive telematics market by 2018 end. By 2026, this value is projected to reach US$ 22,118 Mn and account for an 85.3% value share.

By technology type, the embedded segment is projected to dominate the APAC automotive telematics market, owing to the increasing number of vehicle safety regulations in the region. The embedded segment is projected to be valued at US$ 9,392 Mn and account for a 77.0% value share in the APAC automotive telematics market by 2018 end. By 2026, it is projected to reach US$ 20,800 Mn, accounting for an 80.2% value share with a CAGR of 10.5% during the forecast period.

Among sales channel segments, the OEM segment is projected to dominate the APAC automotive telematics market, owing to the implication of government rules and norms for the installation of telematics devices in vehicles. The OEM segment is projected to be valued at US$ 9,309 Mn, accounting for a 76.3% value share of the APAC automotive telematics market by 2018 end. By 2026, this value is projected to reach US$ 20,573 Mn with a CAGR of 10.4%.

Among end use segments, the safety and security segment is projected to dominate the APAC automotive telematics market during the forecast period. It is projected to be valued at US$ 3,511 Mn by 2018 end, accounting for a 28.8% value share of the APAC automotive telematics market. By 2026, this value is projected to reach US$ 7,569 Mn, accounting for a 29.2% value share with a CAGR of 10.1% during the forecast period.

China is projected to dominate the APAC automotive telematics market, owing to the increasing penetration of advanced technologies such as car connected technologies, automatic tire pressure measuring technologies and internet of technologies (IOT) for vehicles. In terms of value, China is projected to be valued at US$ 5,531 Mn, i.e. a 45.3% value share, in the APAC automotive telematics market by 2018 end. By 2026, this value is projected to reach US$ 11,457 Mn, i.e. a 44.2% value share, with a CAGR of 9.5%.

In the ASEAN automotive telematics market, Thailand is projected to account for a 47.8% value share, valued at US$ 205 Mn in 2018. By 2026, this value is projected to reach US$ 753 Mn, i.e. a 45.4% value share, with a CAGR of 17.7%.

View Report Table of Contents, Figures, and Tables@ https://www.persistencemarketresearch.com/market-research/automotive-telematics-market/toc

Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders
Automotive Telematics Market Manufacturers
Automotive Telematics Market Distributors/Traders/Wholesalers
Automotive Telematics Market Subcomponent Manufacturers
Industry Association
Downstream Vendors

If you have any special requirements, please let us know and we will offer you the report as you want.

Major Highlights of the Automotive Telematics Market Report:

The Automotive Telematics Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
The report dives deeper into the market and explains the dynamic factors bolstering market growth.
The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
The report analyzes the Automotive Telematics Market presence across major regions of the world.
It determines the production & consumption capacities and demand & supply dynamics of each regional market.
The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.

What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
If you have any special requirements, please let us know and we will offer you the report as you want and also We Provide you Table of Content.

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Issued By PMR
Country India
Categories Automotive
Last Updated January 28, 2022