Abstract
Summary
Global Automotive Telematics Market is valued at approximately USD 49.85 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 16.6% over the forecast period 2023-2030. The automotive telematics market refers to the industry segment that encompasses the development, deployment, and utilization of advanced communication and information technologies in vehicles, enabling functions such as vehicle tracking, diagnostics, remote monitoring, safety features, and connected services. The Automotive Telematics market is being driven by factors such as increasing demand for high-performance and fuel-efficient vehicles and increase in cased of vehicle thefts.
These systems typically consist of hardware components, such as GPS receivers, sensors, and communication modules, along with software applications that process and transmit data.
According to the International Organization of Motor Vehicle Manufacturers total vehicle production in 2021 was 80,250,102 units and in 2022 was 8,50,16,728. Along with that, increasing cases of vehicle thefts also driving the market for automotive telematics, according to The National Insurance Crime Bureau (NICB), mother vehicle theft cases reported in 2021 was 9,37,967 and in 2022 was 10,01,967. Thus, rising production in vehicle production and increasing cases of vehicle theft cases fueling the growth of the market. In addition, various government initiatives for road safety and increasing automotive telematics offerings in passenger cars may create lucrative opportunities for the market. However, the threat of data security and privacy may hinder the growth of the market throughout the forecast period of 2023-2030.
The key regions considered for the Global Automotive Telematics Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the increasing consumer preference for the affordable aftermarket automotive telematics system. North America is considered as a fastest growing region during the forecasted period due to Technology providers increasingly prioritizing the expansion of telematics-enabled systems for passenger vehicles.
Major market player included in this report are:
Ford Motor Company
Toyota Motor Corporation
Mercedes-Benz group AG
Volkswagen Group
General Motors Company
Bayerische Motoren Werke GmbH
AB Volvo
Hyundai Motor Company
Tata Motors Ltd.
Nissan Motor Co., Ltd
Recent Developments in the Market:
In September 2022, Ford Motors Company expanded its Ford Pro Intelligence fleet management solutions by launching the Ford Pro Fleet Management software. This software offers a range of tools, including vehicle tracking, registration, vehicle health monitoring, and maintenance services. Notably, Ford focused on reducing the total cost of ownership of the automotive telematics system, making it more accessible for small and medium-sized businesses.
Global Automotive Telematics Market Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered – Technology Type, Solution, vehicle Type, Sales Channel, Application, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Technology Type:
Embedded
Tethered
Integrated
By Solution:
Component
Service
By Vehicle Type:
Passenger
Commercial
By Sales Channel:
OEM
Aftermarket
By Application:
Information & Navigation
Safety & Security
Fleet Management
Insurance Telematics
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Table of Contents
1 Executive Summary
1.1 Market Snapshot
1.2 Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1 Automotive Telematics Market, by Region, 2020-2030 (USD Billion)
1.2.2 Automotive Telematics Market, by Technology Type , 2020-2030 (USD Billion)
1.2.3 Automotive Telematics Market, by Solution, 2020-2030 (USD Billion)
1.2.4 Automotive Telematics Market, by Vehicle Type, 2020-2030 (USD Billion)
1.2.5 Automotive Telematics Market, by Sales Channel, 2020-2030 (USD Billion)
1.2.6 Automotive Telematics Market, by Application, 2020-2030 (USD Billion)
1.3 Key Trends
1.4 Estimation Methodology
1.5 Research Assumption
2 Global Automotive Telematics Market Definition and Scope
2.1 Objective of the Study
2.2 Market Definition & Scope
2.2.1 Industry Evolution
2.2.2 Scope of the Study
2.3 Years Considered for the Study
2.4 Currency Conversion Rates
3 Global Automotive Telematics Market Dynamics
3.1 Automotive Telematics Market Impact Analysis (2020-2030)
3.1.1 Market Drivers
- 3.1.1.1 Increasing demand for high-performance Vehicle Types
- 3.1.1.2 Increasing demand for fuel-efficient Vehicle Types
3.1.2 Market Challenges
- 3.1.2.1 Threat of data security and privacy
3.1.3 Market Opportunities
- 3.1.3.1 Various government initiatives for road safety
- 3.1.3.2 Increasing automotive telematics offering in passenger cars
4 Global Automotive Telematics Market Industry Analysis
4.1 Porter’s 5 Force Model
4.1.1 Bargaining Power of Suppliers
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of New Entrants
4.1.4 Threat of Substitutes
4.1.5 Competitive Rivalry
4.2 Porter’s 5 Force Impact Analysis
4.3 PEST Analysis
4.3.1 Political
4.3.2 Economical
4.3.3 Social
4.3.4 Technological
4.3.5 Environmental
4.3.6 Legal
4.4 Top investment opportunity
4.5 Top winning strategies
4.6 COVID-19 Impact Analysis
4.7 Disruptive Trends
4.8 Industry Expert Perspective
4.9 Analyst Recommendation & Conclusion
5 Global Automotive Telematics Market, by Technology Type
5.1 Market Snapshot
5.2 Global Automotive Telematics Market by Technology Type, Performance - Potential Analysis
5.3 Global Automotive Telematics Market Estimates & Forecasts by Technology Type 2020-2030 (USD Billion)
5.4 Automotive Telematics Market, Sub Segment Analysis
5.4.1 Embedded
5.4.2 Tethered
5.4.3 Integrated
6 Global Automotive Telematics Market, by Solution
6.1 Market Snapshot
6.2 Global Automotive Telematics Market by Solution, Performance - Potential Analysis
6.3 Global Automotive Telematics Market Estimates & Forecasts by Solution 2020-2030 (USD Billion)
6.4 Automotive Telematics Market, Sub Segment Analysis
6.4.1 Component
6.4.2 Service
7 Global Automotive Telematics Market, by Vehicle Type
7.1 Market Snapshot
7.2 Global Automotive Telematics Market by Vehicle Type, Performance - Potential Analysis
7.3 Global Automotive Telematics Market Estimates & Forecasts by Vehicle Type 2020-2030 (USD Billion)
7.4 Automotive Telematics Market, Sub Segment Analysis
7.4.1 Passenger
7.4.2 Commercial
8 Global Automotive Telematics Market, by Sales Channel
8.1 Market Snapshot
8.2 Global Automotive Telematics Market by Sales Channel, Performance - Potential Analysis
8.3 Global Automotive Telematics Market Estimates & Forecasts by Sales Channel 2020-2030 (USD Billion)
8.4 Automotive Telematics Market, Sub Segment Analysis
8.4.1 OEM
8.4.2 Aftermarket
9 Automotive Telematics Market, by Application
9.1 Market Snapshot
9.2 Global Automotive Telematics Market by Application, Performance - Potential Analysis
9.3 Global Automotive Telematics Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
9.4 Automotive Telematics Market, Sub Segment Analysis
9.4.1 Information & Navigation
9.4.2 Safety & Security
9.4.3 Fleet Management
9.4.4 Insurance Telematics
9.4.5 Others
10 Global Automotive Telematics Market, Regional Analysis
10.1 Top Leading Countries
10.2 Top Emerging Countries
10.3 Automotive Telematics Market, Regional Market Snapshot
10.4 North America Automotive Telematics Market
10.4.1 U.S. Automotive Telematics Market
- 10.4.1.1 Technology Type breakdown estimates & forecasts, 2020-2030
- 10.4.1.2 Solution breakdown estimates & forecasts, 2020-2030
- 10.4.1.3 Vehicle Type breakdown estimates & forecasts, 2020-2030
- 10.4.1.4 Sales Channel breakdown estimates & forecasts, 2020-2030
- 10.4.1.5 Application breakdown estimates & forecasts, 2020-2030
10.4.2 Canada Automotive Telematics Market
10.5 Europe Automotive Telematics Market Snapshot
10.5.1 U.K. Automotive Telematics Market
10.5.2 Germany Automotive Telematics Market
10.5.3 France Automotive Telematics Market
10.5.4 Spain Automotive Telematics Market
10.5.5 Italy Automotive Telematics Market
10.5.6 Rest of Europe Automotive Telematics Market
10.6 Asia-Pacific Automotive Telematics Market Snapshot
10.6.1 China Automotive Telematics Market
10.6.2 India Automotive Telematics Market
10.6.3 Japan Automotive Telematics Market
10.6.4 Australia Automotive Telematics Market
10.6.5 South Korea Automotive Telematics Market
10.6.6 Rest of Asia Pacific Automotive Telematics Market
10.7 Latin America Automotive Telematics Market Snapshot
10.7.1 Brazil Automotive Telematics Market
10.7.2 Mexico Automotive Telematics Market
10.8 Middle East & Africa Automotive Telematics Market
10.8.1 Saudi Arabia Automotive Telematics Market
10.8.2 South Africa Automotive Telematics Market
10.8.3 Rest of Middle East & Africa Automotive Telematics Market
11 Competitive Intelligence
11.1 Key Company SWOT Analysis
11.1.1 Company 1
11.1.2 Company 2
11.1.3 Company 3
11.2 Top Market Strategies
11.3 Company Profiles
11.3.1 Ford Motor Company
- 11.3.1.1 Key Information
- 11.3.1.2 Overview
- 11.3.1.3 Financial (Subject to Data Availability)
- 11.3.1.4 Product Summary
- 11.3.1.5 Recent Developments
11.3.2 Toyota Motor Corporation
11.3.3 Mercedes-Benz group AG
11.3.4 Volkswagen Group AG
11.3.5 General Motors Company
11.3.6 Bayerische Motoren Werke GmbH
11.3.7 AB Volvo
11.3.8 Hyundai Motor Company
11.3.9 Tata Motors Ltd
11.3.10 Nissan Motor Co., Ltd
12 Research Process
12.1 Research Process
12.1.1 Data Mining
12.1.2 Analysis
12.1.3 Market Estimation
12.1.4 Validation
12.1.5 Publishing
12.2 Research Attributes
12.3 Research Assumption