Automotive Telematics Market by Application, Type, and Geography - Forecast and Analysis 2020-2024

  • Published: Apr 2020
  • Pages: 120
  • SKU: IRTNTR41037

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The automotive telematics market has the potential to grow by 65.76 million units during 2020-2024, and the market’s growth momentum will decelerate at a CAGR of 16.28%.

The automotive telematics market report extensively covers market segmentation by application (commercial vehicles and passenger cars), type (embedded, smartphone integration, and tethered), and geography (APAC, Europe, MEA, North America, and South America) and potential market drivers that the vendors are capitalizing on to sustain profitable growth. Furthermore, read about the latest key findings on the post COVID-19 impact on the market from this report.

What will the Automotive Telematics Market Size be in 2020?

Automotive-Telematics-Market-Market-Size-2019-2024

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Automotive Telematics Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The rising popularity of EVs is notably driving the automotive telematics market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the automotive telematics market get your FREE report sample now.

This post-pandemic automotive telematics market report has assessed the shift in consumer behavior and identified trends and drivers that will help market players outmaneuver challenges. Technology innovations, implementation, and improvisation scope identified in the automotive telematics market trends is essential for building new business opportunities across segmentations and geographies.

Who are the Major Automotive Telematics Market Vendors?

The automotive telematics market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The leading companies included in the report are as follows:

 

  • Agero Inc.
  • Airbiquity Inc.
  • Continental AG
  • LG Electronics Inc.
  • Panasonic Corp.
  • Robert Bosch GmbH
  • TomTom International BV
  • Trimble Inc.
  • Verizon Communications Inc.
  • and Visteon Corp.

 

From our Porter’s five forces analysis study, get detailed insights on the functional involvement of the buyers and suppliers to form well-rounded knowledge about the supply chain and create cost reduction plans. The automotive telematics market analysis report also contains exhaustive observation on the organic and inorganic growth strategies deployed by the vendors. Click here to uncover details of successful business strategies adopted by the vendors.

Furthermore, 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. Buy the full automotive telematics market statistics report to understand the magnitude of the economic impact on each segment and recovery expectations.

For insights on complete key vendor profiles, download a free sample of the automotive telematics market forecast report. The profiles include information on the production, sustainability, and prospects of the leading companies. The report's vendor landscape section also provides industry risk assessment in terms of labor cost, raw material price fluctuation, and other parameters, which is crucial for effective business planning.

Which are the Key Regions for Automotive Telematics Market?

Automotive-Telematics-Market-Market-Share-by-Region-2019-2024

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40% of the market’s growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for automotive telematics in APAC.

APAC has been recording a significant growth rate and is expected to offer several business opportunities to market vendors during the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

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

Automotive-Telematics-Market-Market-Share-by-Application-2019-2024

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The automotive telematics market share growth by the commercial vehicles segment has been significant. The automotive telematics market report provides a comprehensive understanding of the subsegments of the target market to identify niche customer groups and demographic requirements. Furthermore, the report provides insights on the impact of COVID-19 on market segments, which can be used to deduce transformation patterns in consumer behavior in the coming years and improvise business plans.

This report provides a thorough automotive telematics market segment analysis that will help you gauge the existing competition, demographics, lucrative target customer groups, solutions to improve sales and services, and other crucial market intelligence data. Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment and the growth of the automotive telematics market size.

 

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

  • CAGR of the market during the forecast period 2020-2024
  • 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 market across APAC, Europe, MEA, North America, and South America 
  • 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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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.

INFORMATION 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

DATA 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

REPORT 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 telematics market growth will increase by $65.76 million units during 2019-2024.
The automotive telematics market is expected to grow at a CAGR of 16.28% during 2019-2024.
Technavio has segmented the automotive telematics market by type (Embedded, Smartphone integration, and Tethered) and geographic (North America, APAC, Europe, and South America).
Agero Inc., Airbiquity Inc., Continental AG, LG Electronics Inc., Panasonic Corp., Robert Bosch GmbH, TomTom International BV, Trimble Inc., Verizon Communications Inc., Visteon Corp. are a few of the key vendors in the automotive telematics market.
APAC will register the highest growth rate of 40.76% 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:
  • Adoption of telematics enables UBI for insurance cost saving
  • Growing investments in hyper-scale data centers by colocation providers
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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