Expansion of commercial fleets, increased investment in development of IoT infrastructure, advancement in telematics solutions and proliferation of autonomous vehicles are the key factors driving the growth of the global telematics market. Telematics solutions were primarily used across commercial vehicles for tracking vehicle position and fuel consumption. With increasing demand for sophisticated technology and declining cost of electronic components, telematics has become an integral part of passenger vehicles as well. It refers to data and communication systems used to track, control, and monitor vehicle parameters remotely for performance optimization. With advancement in communication technology, the telematic solutions have evolved from simple navigation systems to sophisticated data and communication systems for commercial fleet management, infotainment, and remote access to vehicles. Telematics plays a vital role in optimizing commercial fleet operations by monitoring several parameters associated with vehicle health. The emergence of Internet of Things (IoT) and autonomous vehicles has fueled the adoption of telematics solutions in passenger vehicles and is anticipated to contribute towards the growth of telematics market during the forecast period. The telematics solutions providers are focusing on development of scalable solutions to cater the demand for vehicle to vehicle (V2V) communication, vehicle to infrastructure (V2I) and vehicle to everything (V2X) communication, thereby contributing towards the growth of the global telematics market. However, the demand for telematics solutions is anticipated to be primarily driven by the aftermarket sales due to slow-down in sales of new automobiles, both commercial and passenger vehicles, across the globe amidst the COVID-19 pandemic.
Asia Pacific contributed a dominating share to the global telematics market owing to strong demand from expanding commercial fleets and increased demand from passenger vehicles to improve vehicle safety. Asia Pacific is anticipated to witness increased investment in development of IoT infrastructure across major countries, which is anticipated to contribute towards the growth of Asia Pacific telematics market during the forecast period. Presence of leading automotive manufacturers and automotive electronics manufacturers across the region is anticipated to bolster the growth of telematics market during forecast period in Asia Pacific. North America contributed a prominent share to the global market in 2019 owing to increased demand from OEM and aftermarket sales of telematics solutions and services fueled by expanding commercial fleets across the region.
Telematics Market Share Analysis, by Geography (2021)
The report titled “Telematics Market - Global Market Share, Trends, Analysis and Forecasts, 2022-2032”, wherein 2020 is historic period, 2021 is the base year, and 2022 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global telematics market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global telematics market is segmented based on component, type, end user, vehicle type, and geography. Based on component, the global telematics market is segmented into hardware, software, and services. The hardware components are further sub-segmented into telematic control unit, navigation systems, communication devices, audio/video interface, CAN bus, and others. The service component is further sub-segmented into consulting, installation, and maintenance. Based on type, the global telematics market is segmented into embedded, tethered, and integrated. Based on end user, the global telematics market is segmented into original equipment manufacturers (OEM) and aftermarket. Based on vehicle type, the global telematics market is segmented into passenger vehicle and commercial vehicles. The commercial vehicles are sub-segmented into light commercial vehicle, heavy commercial vehicle, and others. Based on geography, the global Telematics market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on telematics. Further, market share of prominent companies in the global telematics market would also be estimated. the study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the telematics companies.
The global telematics market study would take into consideration the participants engaged throughout the ecosystem of the market, along with their contribution. Product portfolio would focus on all the products under the telematics business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global Telematics market.
Major players active in the global telematics market include Airbiquity Inc., Aptiv PLC, AT&T Inc., Continental AG, Harman International Industries, Inc., Intel Corporation, LG Electronics, Magneti Marelli S.p.A., MiX Telematics, Octo Telematics, Qualcomm, Robert Bosch GmbH, TomTom N.V., Trimble Inc., Verizon, and Visteon Corporation.
The Global Telematics Market Is Segmented As Below:
By End User
Original Equipment Manufacturers (OEM)
By Vehicle Type
InsightSLICE adopts a research methodology which is highly meticulous and comprehensive, yielding accurate research results. Our research methodology utilizes data triangulation model which helps in the precise collection and validation of information. Our set processes for problem solving and paid primary tools guarantee that any client requirement is met with utmost diligence and accuracy. Some of the primary components that are consequential to our research approach are:
Secondary Research or Desk Research
Distinctive Data Model
Secondary Sources include but are not limited to:
Past Published Research
Historical Data and Information
Primary Sources include but are not limited to:
InsightSLICE also leverages three types of data triangulation approaches as follows:
Data Source Triangulation
Extracting data and validation from multiple type of secondary and primary sources
Combining various methodologies to validate data inputs
Applying different theories to check credibility of data sets