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

  • Published: Sep 2022
  • Pages: 154
  • SKU: IRTNTR41037
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The automotive telematics market share is expected to increase by USD 109.84 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 17.22%.

This automotive telematics market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive telematics market segmentation by application (commercial vehicles and passenger cars), type (embedded, smartphone integration, and tethered), and geography (North America, APAC, Europe, South America, and the Middle East and Africa). The automotive telematics market report also offers information on several market vendors, including Agero Inc., Airbiquity Inc., Continental AG, Delphi Technologies Plc, Garmin Ltd., General Motors Co, LG Corp., Masternaut Ltd., MiX Telematics Ltd., Octo Group S.p.A, Omnitracs LLC, Panasonic Corp, Qualcomm Inc., Robert Bosch GmbH, Teletrac Navman US Ltd, TomTom International BV, Trimble Inc., Verizon Communications Inc., Visteon Corp., and Volkswagen AG among others.

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

Automotive Telematics Market Size

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

 

Automotive Telematics Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and after post COVID-19 era. The popularity of EVs is notably driving the automotive telematics market growth, although factors such as the high cost associated with telematics services may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the automotive telematics industry. The holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge.

Key Automotive Telematics Market Driver

One of the key factors driving growth in the automotive telematics market is the growing popularity of EVs. Most government bodies globally are taking several initiatives to promote the adoption of electric vehicles (EVs). Unlike the internal combustion engine (ICE)-based vehicles, EVs significantly reduce air pollution as they do not emit harmful pollutants, such as particulates, carbon monoxide, hydrocarbons, and volatile organic compounds. In China, firms engaged in the manufacturing of EVs can claim subsidies from the government. Even foreign companies that have their EV manufacturing units in the country have the right to claim subsidies and benefits provided by the government. These factors significantly increased the adoption of EVs in these countries, making them prominent EV markets. Emerging economies like India are adopting the incentives route to gain traction in the EVs adoption and are aggressively targeting EVs adoption. Hence, the adoption of EVs is a driver of the growth of the global automotive telematics market.

Key Automotive Telematics Market Trend

The growing popularity of API is an automotive telematics market trend that is expected to have a positive impact in the coming years. Modern fleets are operated with more than one system, which requires information sharing across platforms. This information sharing makes data the most powerful tool to gain quicker insights. Modern vehicles store a large amount of data in the form of GPS location and vehicle diagnostics data. Integrating this data into software applications enabled by the application protocol interface (API) can streamline the data collection process. Hence, API is gaining popularity in the automotive telematics market. Fleet operators receive a large amount of data related to their daily operations through various channels, such as documents from employees and technicians, fuel bills, routes traversed by vehicles, and work order performance reports. Software applications enable the efficient management of data and reduce the probability of manual errors by automating the fleet management process. Additionally, the availability of big data and its analytics would allow fleet managers to access, analyze, and strategize fleet operations to attain maximum asset utilization for optimum operating efficiency.

Key Automotive Telematics Market Challenge

The high cost associated with telematics services will be a major challenge for the automotive telematics market during the forecast period. Initial costs when setting up telematics include license, setup, and installation fees, in addition to the payment for customization and integration with current systems. Additionally, the license fee needs to be renewed periodically, which adds to the overall cost. Also, integration or customization can be more expensive than the price of telematics devices and license fees. Hidden costs could pose a challenge to the growth of the market like providers levy roaming charges for vehicles that travel beyond a country's borders. Companies also charge in situations involving vehicle replacement and end-contractual equipment termination. The high cost of automobile-embedded telematics makes it difficult for automotive manufacturers to keep their product prices low. In the current price-sensitive market, where customers are looking for products that give them maximum value for money, it has become difficult for manufacturers to shift the pricing pressure onto their customers. Therefore, manufacturers are compelled to keep their margins low, which affects their financial status and restricts them from spending on R&D. This, in turn, impacts the development of automobile-embedded telematics.

This automotive 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 global automotive telematics market as a part of the global auto parts and equipment 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 telematics market during the forecast period.

Who are the Major Automotive Telematics Market Vendors?

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

 

  • Agero Inc.
  • Airbiquity Inc.
  • Continental AG
  • Delphi Technologies Plc
  • Garmin Ltd.
  • General Motors Co
  • LG Corp.
  • Masternaut Ltd.
  • MiX Telematics Ltd.
  • Octo Group S.p.A
  • Omnitracs LLC
  • Panasonic Corp
  • Qualcomm Inc.
  • Robert Bosch GmbH
  • Teletrac Navman US Ltd
  • TomTom International BV
  • Trimble Inc.
  • Verizon Communications Inc.
  • Visteon Corp.
  • Volkswagen AG

 

This statistical study of the automotive telematics market encompasses successful business strategies deployed by the key vendors. The automotive telematics market is fragmented and the vendors are deploying growth strategies such as focusing on differentiating themselves from other competitors based on a wide variety of offerings, quality, price point, and attractive discount offers to compete in the market.

Product Insights and News

  • Agero Inc. - The company offers customer support services such as ACN first responder, SOS, stolen vehicle tracking, vehicle immobilization, enhanced roadside assistance, remote door unlock and lock, and vehicle status.

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 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 Telematics Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the automotive telematics market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain 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.

Which are the Key Regions for Automotive Telematics Market?

Automotive Telematics Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

39% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for the automotive telematics market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The ongoing economic revival from the recession will facilitate the automotive 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.

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

Automotive Telematics Market Share

To gain further insights on the market contribution of various segments Request a PDF Sample

The automotive telematics market share growth in the commercial vehicles segment will be significant during the forecast period. The CVs segment has been witnessing rapid technological advances with the incorporation of intelligent vehicle systems. The growing demand for better fuel efficiency and safety is among the factors responsible for the increased adoption of telematics in the CVs segment. The use of in-vehicle telematics helps monitor driver behavior, reduces fuel consumption, improves driver safety, and enables cost savings. OEMs provide numerous connectivity options, such as embedded telematics devices, tethered handsets, and smartphone integrated systems, for connected vehicles.

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

 

Automotive Telematics Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 17.22%

Market growth 2022-2026

$ 109.84 billion

Market structure

Fragmented

YoY growth (%)

16.35

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 39%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Agero Inc., Airbiquity Inc., Continental AG, Delphi Technologies Plc, Garmin Ltd., General Motors Co, LG Corp., Masternaut Ltd., MiX Telematics Ltd., Octo Group S.p.A, Omnitracs LLC, Panasonic Corp, Qualcomm Inc., Robert Bosch GmbH, Teletrac Navman US Ltd, TomTom International BV, Trimble Inc., Verizon Communications Inc., Visteon Corp., and Volkswagen AG

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, and Market condition analysis for the forecast period.

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

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive automotive telematics market growth during the next five years
  • Precise estimation of the automotive 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 telematics industry across North America, APAC, Europe, South America, the Middle East and Africa
  • 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 telematics market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 18: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 25: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 26: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 27: Chart on Comparison by Application
      • Exhibit 28: Data Table on Comparison by Application
    • 5.3 Commercial vehicles - Market size and forecast 2021-2026
      • Exhibit 29: Chart on Commercial vehicles - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 30: Data Table on Commercial vehicles - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 31: Chart on Commercial vehicles - Year-over-year growth 2021-2026 (%)
      • Exhibit 32: Data Table on Commercial vehicles - Year-over-year growth 2021-2026 (%)
    • 5.4 Passenger cars - Market size and forecast 2021-2026
      • Exhibit 33: Chart on Passenger cars - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 34: Data Table on Passenger cars - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 35: Chart on Passenger cars - Year-over-year growth 2021-2026 (%)
      • Exhibit 36: Data Table on Passenger cars - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Application
      • Exhibit 37: Market opportunity by Application ($ billion)

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 38: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 39: Data Table on Type - Market share 2021-2026 (%)
    • 6.2 Comparison by Type
      • Exhibit 40: Chart on Comparison by Type
      • Exhibit 41: Data Table on Comparison by Type
    • 6.3 Embedded - Market size and forecast 2021-2026
      • Exhibit 42: Chart on Embedded - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 43: Data Table on Embedded - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 44: Chart on Embedded - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on Embedded - Year-over-year growth 2021-2026 (%)
    • 6.4 Smartphone integration - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Smartphone integration - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 47: Data Table on Smartphone integration - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 48: Chart on Smartphone integration - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Smartphone integration - Year-over-year growth 2021-2026 (%)
    • 6.5 Tethered - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Tethered - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 51: Data Table on Tethered - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 52: Chart on Tethered - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Tethered - Year-over-year growth 2021-2026 (%)
    • 6.6 Market opportunity by Type
      • Exhibit 54: Market opportunity by Type ($ billion)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 55: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 56: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 57: Data Table on Market share by geography 2021-2026 (%)
    • 8.2 Geographic comparison
      • Exhibit 58: Chart on Geographic comparison
      • Exhibit 59: Data Table on Geographic comparison
    • 8.3 North America - Market size and forecast 2021-2026
      • Exhibit 60: Chart on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 61: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 62: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 63: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 8.4 APAC - Market size and forecast 2021-2026
      • Exhibit 64: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 65: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 66: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 67: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 8.5 Europe - Market size and forecast 2021-2026
      • Exhibit 68: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 69: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 70: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 71: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 8.6 South America - Market size and forecast 2021-2026
      • Exhibit 72: Chart on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 73: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 74: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 75: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 8.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 76: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 77: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 78: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 79: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 8.8 US - Market size and forecast 2021-2026
      • Exhibit 80: Chart on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 81: Data Table on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 82: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 83: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 8.9 China - Market size and forecast 2021-2026
      • Exhibit 84: Chart on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 85: Data Table on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 86: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 87: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 8.10 Germany - Market size and forecast 2021-2026
      • Exhibit 88: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 89: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 90: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 91: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 8.11 Japan - Market size and forecast 2021-2026
      • Exhibit 92: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 93: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 94: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 95: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 8.12 UK - Market size and forecast 2021-2026
      • Exhibit 96: Chart on UK - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 97: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 98: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 99: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 8.13 Market opportunity by geography
      • Exhibit 100: Market opportunity by geography ($ billion)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Exhibit 101: Impact of drivers and challenges in 2021 and 2026
        • 9.4 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 102: Overview on Criticality of inputs and Factors of differentiation
            • 10.3 Landscape disruption
              • Exhibit 103: Overview on factors of disruption
            • 10.4 Industry risks
              • Exhibit 104: Impact of key risks on business

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 105: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 106: Matrix on vendor position and classification
            • 11.3 Agero Inc.
              • Exhibit 107: Agero Inc. - Overview
              • Exhibit 108: Agero Inc. - Product / Service
              • Exhibit 109: Agero Inc. - Key offerings
            • 11.4 Airbiquity Inc.
              • Exhibit 110: Airbiquity Inc. - Overview
              • Exhibit 111: Airbiquity Inc. - Product / Service
              • Exhibit 112: Airbiquity Inc. - Key offerings
            • 11.5 Continental AG
              • Exhibit 113: Continental AG - Overview
              • Exhibit 114: Continental AG - Business segments
              • Exhibit 115: Continental AG - Key news
              • Exhibit 116: Continental AG - Key offerings
              • Exhibit 117: Continental AG - Segment focus
            • 11.6 LG Corp.
              • Exhibit 118: LG Corp. - Overview
              • Exhibit 119: LG Corp. - Business segments
              • Exhibit 120: LG Corp. - Key offerings
              • Exhibit 121: LG Corp. - Segment focus
            • 11.7 Panasonic Corp
              • Exhibit 122: Panasonic Corp - Overview
              • Exhibit 123: Panasonic Corp - Business segments
              • Exhibit 124: Panasonic Corp - Key news
              • Exhibit 125: Panasonic Corp - Key offerings
              • Exhibit 126: Panasonic Corp - Segment focus
            • 11.8 Robert Bosch GmbH
              • Exhibit 127: Robert Bosch GmbH - Overview
              • Exhibit 128: Robert Bosch GmbH - Business segments
              • Exhibit 129: Robert Bosch GmbH - Key news
              • Exhibit 130: Robert Bosch GmbH - Key offerings
              • Exhibit 131: Robert Bosch GmbH - Segment focus
            • 11.9 TomTom International BV
              • Exhibit 132: TomTom International BV - Overview
              • Exhibit 133: TomTom International BV - Business segments
              • Exhibit 134: TomTom International BV - Key offerings
              • Exhibit 135: TomTom International BV - Segment focus
            • 11.10 Trimble Inc.
              • Exhibit 136: Trimble Inc. - Overview
              • Exhibit 137: Trimble Inc. - Business segments
              • Exhibit 138: Trimble Inc. - Key offerings
              • Exhibit 139: Trimble Inc. - Segment focus
            • 11.11 Verizon Communications Inc.
              • Exhibit 140: Verizon Communications Inc. - Overview
              • Exhibit 141: Verizon Communications Inc. - Business segments
              • Exhibit 142: Verizon Communications Inc. - Key offerings
              • Exhibit 143: Verizon Communications Inc. - Segment focus
            • 11.12 Visteon Corp.
              • Exhibit 144: Visteon Corp. - Overview
              • Exhibit 145: Visteon Corp. - Product / Service
              • Exhibit 146: Visteon Corp. - Key news
              • Exhibit 147: Visteon Corp. - Key offerings

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Exhibit 148: Inclusions checklist
                • Exhibit 149: Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Exhibit 150: Currency conversion rates for US$
              • 12.4 Research methodology
                • Exhibit 151: Research methodology
                • Exhibit 152: Validation techniques employed for market sizing
                • Exhibit 153: Information sources
              • 12.5 List of abbreviations
                • Exhibit 154: List of abbreviations
              • from counterfeit auto parts and equipment: Counterfeiting in auto parts and equipment is a major challenge for OEMs, as it is a lucrative business. Airbags, engine and drivetrain components, brake pads, body parts, electrical components, wheels including aluminum alloy wheels, and windscreens are some of the auto parts and equipment that are counterfeited in large volumes. It is difficult to distinguish a fake auto part or equipment from the original /legitimate automotive part because the external appearance looks strikingly similar. Consequently, consumers unknowingly purchase counterfeit products, which could be sub-standard and unsafe.

                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
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                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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                Automotive Telematics market growth will increase by $109.84 billion during 2022-2026.
                The automotive telematics market is expected to grow at a CAGR of 17.22% during 2022-2026.
                Technavio has segmented the automotive telematics market by application (Embedded, Smartphone integration, and Tethered) ,type (North America, APAC, Europe, and South America) , and geographic (North America, APAC, Europe, South America, and Middle East and Africa).
                Agero Inc., Airbiquity Inc., Continental AG, Delphi Technologies Plc, Garmin Ltd., General Motors Co, LG Corp., Masternaut Ltd., MiX Telematics Ltd., Octo Group S.p.A, Omnitracs LLC, Panasonic Corp, Qualcomm Inc., Robert Bosch GmbH, Teletrac Navman US Ltd, TomTom International BV, Trimble Inc., Verizon Communications Inc., Visteon Corp., Volkswagen AG are a few of the key vendors in the automotive telematics market.
                APAC will register the highest growth rate of 39.13% among the other regions. Therefore, the automotive telematics market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
                The key factors driving the automotive telematics market growth are:
                • Growing popularity of EVs
                • Growing popularity of API
                The automotive telematics market vendors should focus on grabbing business opportunities from the embedded segment as it accounted for the largest market share in the base year.
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