Automotive Telematics: Market Research Report 2015-2019

October 14, 2015

Market size and forecast of the global automotive telematics market 2015-2019

Technological improvements aimed at enhancing the overall in-vehicle experience of passengers and drivers is bringing about a higher degree of interactivity in future vehicles. The growing trend of connectivity in vehicles is driving the global consumer demand for connecting their smartphones and tablets to the in-vehicle entertainment and information systems. For instance, Apple's car integration CarPlay interface offers similar features through Pioneer's aftermarket in-dash infotainment offering. With the growing number of such product launches expected to enter the market in the next four years, automotive telematics sales are likely to soar and help the market reach a CAGR of over 33% until 2019.

Most in-vehicle entertainment and information systems such as access to media content, navigation systems, Internet connectivity, and social networking applications are also available on mobile devices. Thus, to cater to changing consumer preferences, vendors and OEMs in the market will increasingly look to collaborate with smartphones and tablet manufacturers to provide in-vehicle products and services.

Geographical segmentation of the global automotive telematics market

  •     EMEA
  •     APAC
  •     Americas

APAC accounted for roughly 21% of the global automotive telematics market in 2014. Though, the region is witnessing a slower growth rate in terms of adoption of telematics, the research predicts the market to post strong growth over the next four years. Over the years, China has emerged as a major global stakeholder in the automotive sector with a major presence in the international automotive trade. Its position is particularly strong in the component sector, and it is expected to provide significant traction to the adoption of telematics in this region.

India too has emerged as an attractive destination for automotive manufacturers owing to its strong domestic demand. Worldwide, automotive production is expected to exceed 118 million vehicles by 2019, and the trend is expected to swell the demand automotive telematics globally, until 2019.

Top vendors in the global automotive telematics market

The market is witnessing an increase in collaboration of the automotive telematics and the automobile insurance industry that is boosting growth. The leading vendors are looking to leverage on the opportunity presented by the introduction of electric vehicles (EVs) in the market. The use of automotive telematics in the EVs is also expected to propel the market growth in the coming years. 

The top four vendors of the automotive telematics market are: -

  •     Agero
  •     Aribiquity
  •     Continental
  •     Verizon

Other prominent vendors in the market include AT&T, Bynx, Connexis, Ericsson, Fleetmatics Group, GM, Luxoft, Marelli, Mix Telematics, Octo Telematics, PTC, Bosch, TeleCommunication Systems, TELENAV, Telogis, TomTom International, Valeo, Vodafone, and WirelessCar.

Market segmentation of global automotive telematics by vehicle type

  •     Passenger cars
  •     Light commercial vehicles
  •     Heavy commercial vehicles

Among the vehicle types within the automotive industry, passenger cars hold the largest share of production and sales. Over the forecast years, the demand in this segment will come from developing economies. Some popular passenger car manufacturers in the global automotive market include Ford, General Motors, Honda, Hyundai, Toyota, and Volkswagen.

Key questions answered in the report

  • What are the key factors driving the global automotive telematics market?
  • What are the key market trends impacting the growth of the global automotive telematics market?
  • What are the various opportunities and threats faced by the vendors in the global automotive telematics market?
  • Growth forecast for the key segments of the global automotive telematics market?
  • Trending factors influencing the market shares of EMEA, APAC, and Americas?
  • Key outcome of the market analysis of the leading countries in the global automotive telematics market?
  • Key outcome of the five forces analysis on the global automotive telematics market?

Technavio also offers customization on reports based on specific client requirement.

Related reports