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The Global Automotive OEM Telematics Market size valued to USD 22.95 billion in 2019, is predicted an elevation up-to USD 125.48 billion by 2030, with a growing CAGR of 16.7% from 2020-2030.
Automotive OEM Telematics is an interdisciplinary integration of telecommunications, and informatics preinstalled in an automobile to provide security, enhance safety features, assist in navigation and take control of the vehicle. The main function of telematics is automobile tracking, car sharing, emergency warning systems for vehicles and such other high-tech features. The services offered are either subscription based or free of cost. The automotive OEM telematics solutions and services hold wide applications in Passenger Car, Two-Wheelers, HCV, MCV and LCV.
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Market Dynamics and Trends:
The automotive OEM telematics market is gaining momentum due to stringent government regulations regarding safety and security, rising awareness in consumers about connectivity solutions, as well as growing trends of AI and IoT in system installations. Besides, benefits offered by telematics services such as smart transportation system, ease in vehicle diagnosis, all time connectivity approach, as well as enhanced performance of automotive vehicles are propelling the growth of global automotive OEM telematics market.
Furthermore, increasing market trend towards the adoption of smart gadgets majorly laptops, smart phones, tablets, and other such advanced technological goods, specifically in the emerging economies, are expected to supplement the growth of the automotive OEM telematics market over the forecast period.
Market Segmentations and Scope of the Study:
The global automotive OEM telematics market share analysis is based on vehicle type, application, and geography.
Based on vehicle type, the market is segmented into Passenger Car, Two-Wheelers, HCV, MCV and LCV. Based on application, the market is further classified into solutions and services. The services segment is divided into Design and consulting, Integration and deployment, Maintenance and training and Data acquisition from vehicle bus network. The solution segment is further categorized into Fleet/Asset management solution, Navigation and location-based Solution, Infotainment, Insurance telematics, V2V and V2I, Tele-health solutions, Remote alarm and monitoring, Remote diagnostic and Driver and vehicle performance analytics. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.
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Geographical Analysis:
North America dominated the global automotive OEM telematics market, and is expected to maintain its dominance throughout the forecast period, holding the highest market share. This is attributable to factors such as stringent regulatory standards regarding public safety, advanced diagnostic systems, high-tech navigating systems, as well as stable and well-established automotive infrastructures.
Asia Pacific region is expected a substantial growth in the global automotive OEM telematics market, with the highest CAGR values, owing to increasing government initiatives towards public safety, more inclination towards the use of smart gadgets, increasing demand of safety features to cope up with emergency, and developments in navigation systems in this region.
Competitive Landscape:
Some of the major market players in the automotive OEM telematics market include Agero Inc., Delphi Technologies, Clarion, Embitel, Continental AG, Denso Corporation, LG Electronics, Harman International, Masternaut Limited, Inseego Corp, Omnitracs, Intel Corporation, Panasonic Corporation, Luxoft, NTT Docomo Inc., Robert Bosch GmbH, Magneti Marelli S.p.A., Microlise, Valeo, Telogis, Vodafone Automotive SpA, Qualcomm Technologies, Inc., Verizon, TomTom International B.V. and Trimble Inc. among others.
The past endeavors, present developments and futuristic advancements, sum-up to comprehend the overall automotive OEM telematics market growth.
Key Benefits:
The automotive OEM telematics market report provides a quantitative analysis of the current market and estimations through 2020-2030 that assists in identifying the prevailing market opportunities to capitalize on.
The study comprises a deep dive analysis of the automotive OEM telematics market trend including current and future trends for depicting the prevalent investment pockets in the market.
The report provides detailed information related to key drivers, restraints, opportunities and their impact on the automotive OEM telematics market.
The report incorporates a competitive analysis of the market players along with their market share in the global automotive OEM telematics market.
The study elaborates SWOT analysis and Porters Five Forces model for the automotive OEM telematics market.
Value chain analysis in the automotive OEM telematics market study provides a clear picture of the stakeholders’ roles.
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