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Automotive Telematics Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

Global Automotive Telematics Market- (By Component – Hardware, Software Platform, and Services; By Application - Vehicle Tracking/Recovery (Fleet Management), Navigation, Insurance Risk Assessment, On-Road Assistance, and Others; By Vehicle Type - Passenger Car, Light Commercial Vehicles, and Others; By Connectivity – Satellite and Cellular; By Sales Channel – OEM and Aftermarket; and By Region) - Industry Dynamics, Market Size and Opportunity Forecast, 2027

  • Published On: 07-Feb-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0222135
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
Automotive Telematics Market

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REPORT SCOPE

Report AttributeDetails
Market Size Value in 2021US$ 42,620.2 Mn
Expected Revenue in 2027US$ 1,23,487.5 Mn
Historic Data2017-2020
Base Year2021
Forecast Period2022-2027
UnitValue (USD Mn)
CAGR19.4% 
Segments coveredBy Component, Application, Vehicle Type, Connectivity, Channel, and Region
Key CompaniesRobert Bosch GmbH, Continental AG, Verizon, Visteon Corporation, and other prominent players.
Customization ScopeGet your customized report as per your preference. Ask for customization

FREQUENTLY ASKED QUESTIONS

Automotive telematics is a technology that combines GPS systems, onboard vehicle diagnostics, wireless telematics devices, and black box technologies to record and transmit vehicle data, such as speed, location, and maintenance requirements among others.

Telematics devices collect and transmit GPS and vehicle-specific data via General Packet Radio Service (GPRS), 4G and cellular networks, or satellite communication to a centralized server, where the data is categorized, interpreted, and optimized for consumer user interfaces. 

Telematics includes data about fuel consumption, idling time, location, speed, sharp acceleration or braking, and vehicle faults. 

Automatic collision notification, emergency assistance, roadside assistance, vehicle diagnostics are some of the features of automotive telematics. 

Global Automotive Telematics Market is projected to expand at a GAGR of 19.4% during the forecast period 2022-2027.

Factors such as increasing adoption of NGTP, favorable government Initiatives and rising technology penetration are driving the Global Automotive Telematics Market.

The connected systems have access to information, such as medical details, family details, addresses, and routes traversed, thereby leading to data privacy infringement.

The focus of telematics manufacturers on making telematics compatible with multiple operating systems and software platforms are creating opportunities in the Global Automotive Telematics Market.

The Global Automotive Telematics Market is segmented based on component, application, vehicle type, connectivity, sales channel, and region.

The hardware component is leading the Global Automotive Telematics Market in 2021.

The vehicle tracking/recovery (fleet management) application of the automotive telematics has the highest market share in 2021.

Heavy vehicle has the fastest CAGR in the Global Automotive Telematics Market during the forecast period.

Asia Pacific region dominates the Global Automotive Telematics Market in 2021.

The key players in the Global Automotive Telematics Market are Robert Bosch GmbH, Continental AG, LG Electronics, and Harman International, among others.

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