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Automotive Aftermarket Telematics Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Feb 2022
  • Pages: 120
  • SKU: IRTNTR72326
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The automotive aftermarket telematics market share is expected to increase by USD 36.07 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 24.59%.

This automotive aftermarket telematics market research report will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive aftermarket telematics market segmentation by application (passenger cars and commercial vehicles) and geography (APAC, North America, Europe, South America, and MEA). The automotive aftermarket telematics market report also offers information on several market vendors, including Arvento Mobile Systems, AT and T Inc., Auto-Wares Group Inc., Geotab Inc., Huawei Investment and Holding Co. Ltd., Intel Corp., Novotech Technologies Inc., Samsung Electronics Co. Ltd., Verizon Communications Inc., and Vodafone Group Plc among others.

What will the Automotive Aftermarket Telematics Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Automotive Aftermarket Telematics Market Size for the Forecast Period and Other Important Statistics

 

Automotive Aftermarket Telematics Market: Key Drivers, Trends, and Challenges

The rise in in-vehicle communication options is notably driving the automotive aftermarket telematics market growth, although factors such as technical limitations of telematics may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive aftermarket telematics industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Aftermarket Telematics Market Driver

The rise in in-vehicle communication options is one of the key drivers supporting the automotive aftermarket telematics market growth. Previously, automotive telematics systems were confined to premium cars. However, with growing awareness and rising demand for connectivity, automobile manufacturers are planning to equip their mid-range vehicles as well with them. Also, mandatory security features like eCall will also increase the demand for automotive aftermarket telematics in Europe. Meanwhile, the demand for mid-range vehicles in APAC, especially in India and China, is increasing because of the improving economic conditions in these countries that have positively affected the financial status of consumers. Such innovative factors will boost automotive aftermarket data during the forecast period.

Key Automotive Aftermarket Telematics Market Trend

The rise in car-connectivity options is one of the key factor automotive aftermarket telematics market that will support the market growth in the coming years. Until recently, the primary focus of automotive digital technology manufacturers was the optimization of vehicles’ internal functions. However, the focus has now shifted toward technologies that are primarily involved in developing the car’s ability to connect with other vehicles and devices to enhance the driving experience. Advancements in the internet of things (IoT) have resulted in renewed interest in the connected car concept. The ability of vehicles on the road to communicate with each other and with other automotive and non-automotive devices and human-machine connectivity is the promise proposed by IoT and connected vehicle technologies. This rising demand for car connectivity will have a positive impact on the global automotive aftermarket telematics market in the future.

Key Automotive Aftermarket Telematics Market Challenge

The technical limitations of telematics is one of the factors hindering the automotive aftermarket telematics market growth. Advances in technology and availability of numerous features and diverse connectivity options have made automotive aftermarket telematics and infotainment systems sophisticated. The greater the number of applications, the more complex is the design. In addition, the number of software solutions needed for each application makes automotive connectivity systems complex. Hence, the drivers need to learn how to handle these complex solutions to gain maximum benefit efficiently, and this is a challenge for the global automotive aftermarket telematics market. Such challenges will limit the market growth during the forecast period.

This automotive aftermarket telematics market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the automotive aftermarket telematics market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive aftermarket telematics market during the forecast period.

Who are the Major Automotive Aftermarket Telematics Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Arvento Mobile Systems
  • AT and T Inc.
  • Auto-Wares Group Inc.
  • Geotab Inc.
  • Huawei Investment and Holding Co. Ltd.
  • Intel Corp.
  • Novotech Technologies Inc.
  • Samsung Electronics Co. Ltd.
  • Verizon Communications Inc.
  • Vodafone Group Plc

 

This statistical study of the automotive aftermarket telematics market encompasses successful business strategies deployed by the key vendors. The automotive aftermarket telematics market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • AT and T Inc. - The company offers fleet telematics system with features such as GPStracking and visibility.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The automotive aftermarket telematics market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Automotive Aftermarket Telematics Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the automotive aftermarket telematics market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the automotive components and accessories market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Distribution and logistics
  • Marketing and sales
  • Support activities
  • Industry innovations

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Automotive Aftermarket Telematics Market?

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47% of the market’s growth will originate from APAC during the forecast period. China and South Korea (Republic of Korea) are the key markets for the automotive aftermarket telematics market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Low-cost manufacturing, a young customer base, and technological push will facilitate the automotive aftermarket telematics market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 pandemic negatively impacted prominent producers and consumers of automotive telematics systems in 2020. Industrial activity was negatively impacted in 2020 as the containment of the COVID-19 pandemic became the priority of all governments across the region. However, with better control over the pandemic, the automotive industry is expected to recover during the forecast period.

What are the Revenue-generating Application Segments in the Automotive Aftermarket Telematics Market?

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The automotive aftermarket telematics market share growth by the passenger cars segment will be significant during the forecast period. The significant increase in the demand for passenger cars from emerging economies, such as China and India, will drive the market growth through this segment in the coming years. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive aftermarket telematics market size and actionable market insights on post COVID-19 impact on each segment.

 

Automotive Aftermarket Telematics Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 24.59%

Market growth 2022-2026

$ 36.07 billion

Market structure

Fragmented

YoY growth (%)

22.86

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 47%

Key consumer countries

US, China, Germany, South Korea (Republic of Korea), and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Arvento Mobile Systems, AT and T Inc., Auto-Wares Group Inc., Geotab Inc., Huawei Investment and Holding Co. Ltd., Intel Corp., Novotech Technologies Inc., Samsung Electronics Co. Ltd., Verizon Communications Inc., and Vodafone Group Plc

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Automotive Aftermarket Telematics Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive automotive aftermarket telematics market growth during the next five years
  • Precise estimation of the automotive aftermarket telematics market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive aftermarket telematics industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive aftermarket telematics market vendors

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1. Executive Summary                           

                1.1 Market Overview

                                Exhibit 01:  Key Finding 1

                                Exhibit 02:  Key finding 2

                                Exhibit 03:  Key finding 3

                                Exhibit 04:  Key finding 5

                                Exhibit 05:  Key finding 6

                                Exhibit 06:  Key finding 7

                                Exhibit 07:  Key finding 8

2. Market Landscape                             

                2.1 Market ecosystem             

                                Exhibit 08:  Parent market

                                Exhibit 09:  Market characteristics

                2.2 Value chain analysis           

                                Exhibit 10:  Value chain analysis: Automotive components and accessories

                                2.2.1 Inputs

                                2.2.2 Inbound logistics

                                2.2.3 Operations

                                2.2.4 Distribution and logistics

                                2.2.5 Marketing and sales

                                2.2.6 Support activities

                                2.2.7 Industry innovations

3. Market Sizing                       

                3.1 Market definition

                                Exhibit 11:  Offerings of vendors included in the market definition

                3.2 Market segment analysis 

                                Exhibit 12:  Market segments

                3.3 Market size 2021 

                3.4 Market outlook: Forecast for 2021 - 2026 

                                3.4.1 Estimating growth rates for emerging and high-growth markets

                                3.4.2 Estimating growth rates for mature markets

                                Exhibit 13:  Global - Market size and forecast 2021 - 2026 ($ million)

                                Exhibit 14:  Global market: Year-over-year growth 2021 - 2026 (%)

4. Five Forces Analysis                          

                4.1 Five Forces Summary        

                                Exhibit 15:  Five forces analysis 2021 & 2026

                4.2 Bargaining power of buyers           

                                Exhibit 16:  Bargaining power of buyers

                4.3 Bargaining power of suppliers       

                                Exhibit 17: Bargaining power of suppliers

                4.4 Threat of new entrants    

                                Exhibit 18:  Threat of new entrants

                4.5 Threat of substitutes         

                                Exhibit 19: Threat of substitutes

                4.6 Threat of rivalry   

                                Exhibit 20: Threat of rivalry

                4.7 Market condition

                                Exhibit 21:  Market condition - Five forces 2021

5. Market Segmentation by Application                       

                5.1 Market segments

                                The segments covered in this chapter are:

  • Passenger cars
  • Commercial vehicles

                                Exhibit 22:  Application- Market share 2021-2026 (%)

                5.2 Comparison by Application             

                                Exhibit 23:  Comparison by Application

                5.3 Passenger cars - Market size and forecast 2021-2026           

                                Exhibit 24:  Passenger cars - Market size and forecast 2021-2026 ($ million)

                                Exhibit 25:  Passenger cars - Year-over-year growth 2021-2026 (%)

                5.4 Commercial vehicles - Market size and forecast 2021-2026                

                                Exhibit 26:  Commercial vehicles - Market size and forecast 2021-2026 ($ million)

                                Exhibit 27:  Commercial vehicles - Year-over-year growth 2021-2026 (%)

                5.5 Market opportunity by Application              

                                Exhibit 28:  Market opportunity by Application

6. Customer landscape                         

                                Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                6.1 Overview

                                Exhibit 29:  Customer landscape

7. Geographic Landscape                     

                7.1 Geographic segmentation

                                The regions covered in the report are:

  • APAC
  • North America
  • Europe
  • South America
  • MEA

                                Exhibit 30:  Market share by geography 2021-2026 (%)

                7.2 Geographic comparison   

                                Exhibit 31:  Geographic comparison

                7.3 APAC - Market size and forecast 2021-2026              

                                Exhibit 32:  APAC - Market size and forecast 2021-2026 ($ million)

                                Exhibit 33:  APAC - Year-over-year growth 2021-2026 (%)

                7.4 North America - Market size and forecast 2021-2026           

                                Exhibit 34:  North America - Market size and forecast 2021-2026 ($ million)

                                Exhibit 35:  North America - Year-over-year growth 2021-2026 (%)

                7.5 Europe - Market size and forecast 2021-2026          

                                Exhibit 36:  Europe - Market size and forecast 2021-2026 ($ million)

                                Exhibit 37:  Europe - Year-over-year growth 2021-2026 (%)

                7.6 South America - Market size and forecast 2021-2026           

                                Exhibit 38:  South America - Market size and forecast 2021-2026 ($ million)

                                Exhibit 39:  South America - Year-over-year growth 2021-2026 (%)

                7.7 MEA - Market size and forecast 2021-2026               

                                Exhibit 40:  MEA - Market size and forecast 2021-2026 ($ million)

                                Exhibit 41:  MEA - Year-over-year growth 2021-2026 (%)

                7.8 Key leading countries        

                                Exhibit 42:  Key leading countries

                7.9 Market opportunity by geography

                                Exhibit 43:  Market opportunity by geography ($ million)

8. Drivers, Challenges, and Trends                   

                8.1 Market drivers     

                                8.1.1 Rise in in-vehicle communication options

                                8.1.2 Increasing dependence on telematics for automotive services

                                8.1.3 Regulatory mandates leading to wider adoption

                8.2 Market challenges              

                                8.2.1 Technical limitations of telematics

                                8.2.2 Safety and security concerns

                                8.2.3 Threat from embedded telematics

                                Exhibit 44:  Impact of drivers and challenges

                8.3 Market trends      

                                8.3.1 Rise in car-connectivity options

                                8.3.2 Increasing number of vehicle launches featuring connected technologies

                                8.3.3 Emergence of next-generation telematics protocol

9. Vendor Landscape                             

                9.1 Overview

                                Exhibit 45:  Vendor landscape

                9.2 Landscape disruption        

                                Exhibit 46:  Landscape disruption

                                Exhibit 47:  Industry risks

10. Vendor Analysis               

                10.1 Vendors covered              

                                Exhibit 48:  Vendors covered

                10.2 Market positioning of vendors    

                                Exhibit 49: Market positioning of vendors

                10.3 Arvento Mobile Systems

                                Exhibit 50:  Arvento Mobile Systems - Overview

                                Exhibit 51:  Arvento Mobile Systems - Product and service

                                Exhibit 52:  Arvento Mobile Systems - Key offerings

                10.4 AT and T Inc.       

                                Exhibit 53:  AT and T Inc. - Overview

                                Exhibit 54:  AT and T Inc. - Business segments

                                Exhibit 55:  AT and T Inc. - Key News

                                Exhibit 56:  AT and T Inc. - Key offerings

                                Exhibit 57:  AT and T Inc. - Segment focus

                10.5 Auto-Wares Group Inc.  

                                Exhibit 58:  Auto-Wares Group Inc. - Product and service

                                Exhibit 59:  Auto-Wares Group Inc. - Key offerings

                10.6 Geotab Inc.         

                                Exhibit 60:  Geotab Inc. - Overview

                                Exhibit 61:  Geotab Inc. - Product and service

                                Exhibit 62:  Geotab Inc. - Key offerings

                10.7 Huawei Investment and Holding Co. Ltd.

                                Exhibit 63:  Huawei Investment and Holding Co. Ltd. - Overview

                                Exhibit 64:  Huawei Investment and Holding Co. Ltd. - Business segments

                                Exhibit 65:  Huawei Investment and Holding Co. Ltd. - Key News

                                Exhibit 66:  Huawei Investment and Holding Co. Ltd. - Key offerings

                                Exhibit 67:  Huawei Investment and Holding Co. Ltd. - Segment focus

                10.8 Intel Corp.           

                                Exhibit 68:  Intel Corp. - Overview

                                Exhibit 69:  Intel Corp. - Business segments

                                Exhibit 70:  Intel Corp. - Key News

                                Exhibit 71:  Intel Corp. - Key offerings

                                Exhibit 72:  Intel Corp. - Segment focus

                10.9 Novotech Technologies Inc.         

                                Exhibit 73:  Novotech Technologies Inc. - Overview

                                Exhibit 74:  Novotech Technologies Inc. - Product and service

                                Exhibit 75:  Novotech Technologies Inc. - Key offerings

                10.10 Samsung Electronics Co. Ltd.     

                                Exhibit 76:  Samsung Electronics Co. Ltd. - Overview

                                Exhibit 77:  Samsung Electronics Co. Ltd. - Business segments

                                Exhibit 78:  Samsung Electronics Co. Ltd. - Key News

                                Exhibit 79:  Samsung Electronics Co. Ltd. - Key offerings

                                Exhibit 80:  Samsung Electronics Co. Ltd. - Segment focus

                10.11 Verizon Communications Inc.   

                                Exhibit 81:  Verizon Communications Inc. - Overview

                                Exhibit 82:  Verizon Communications Inc. - Business segments

                                Exhibit 83:  Verizon Communications Inc. - Key News

                                Exhibit 84:  Verizon Communications Inc. - Key offerings

                                Exhibit 85:  Verizon Communications Inc. - Segment focus

                10.12 Vodafone Group Plc     

                                Exhibit 86:  Vodafone Group Plc - Overview

                                Exhibit 87:  Vodafone Group Plc - Business segments

                                Exhibit 88:  Vodafone Group Plc - Key News

                                Exhibit 89:  Vodafone Group Plc - Key offerings

                                Exhibit 90:  Vodafone Group Plc - Segment focus

11. Appendix                            

                11.1 Scope of the report         

                                11.1.1 Market definition

                                11.1.2 Objectives

                                11.1.3 Notes and caveats

                11.2 Currency conversion rates for US$            

                                Exhibit 91:  Currency conversion rates for US$

                11.3 Research Methodology 

                                Exhibit 92:  Research Methodology

                                Exhibit 93:  Validation techniques employed for market sizing

                                Exhibit 94:  Information sources

                11.4 List of abbreviations        

                                Exhibit 95:  List of abbreviations

                               

                               

                               

                               

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The automotive aftermarket telematics market growth will increase by $36077.10 million during 2021-2026.
The automotive aftermarket telematics market is expected to grow at a CAGR of 24.59% during 2021-2026.
Technavio has segmented the automotive aftermarket telematics market by application (Passenger cars and Commercial vehicles) and geographic (APAC, North America, Europe, South America, and MEA).
Arvento Mobile Systems, AT and T Inc., Auto-Wares Group Inc., Geotab Inc., Huawei Investment and Holding Co. Ltd., Intel Corp., Novotech Technologies Inc., Samsung Electronics Co. Ltd., Verizon Communications Inc., Vodafone Group Plc are a few of the key vendors in the automotive aftermarket telematics market.
APAC will register the highest growth rate of 46.73% among the other regions. Therefore, the automotive aftermarket telematics market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • China
  • Germany
  • South Korea (Republic of Korea)
  • UK
The key factors driving the automotive aftermarket telematics market growth are:
  • Rise in in-vehicle communication options
The automotive aftermarket telematics market vendors should focus on grabbing business opportunities from the passenger cars segment as it accounted for the largest market share in the base year.
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