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Vehicle Telematics Market- Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Aptiv PLC, LeasePlan, ALD Automotive, Visteon Corporation

07 Mar, 2022 | 161 Pages
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The global vehicle Telematics market size was USD 58.69 billion in 2022. The market is projected to grow from USD 64.93 billion in 2022 to USD 179.50 billion in 2027 growing at a CAGR of 21.10% over the forecast period.



Vehicle Telematics Market Overview



The vehicle monitoring systems permit drivers to stay updated with the real-time performance and safety of the vehicle. Data collected by the telematics system is beneficial in critical surroundings, for instance, to communicate instantaneously with the police for prompt action in case of an accident. Telematics systems assist automotive companies, insurers, and drivers with the highest safety features.

The safety and security services of vehicle telematics include automatic crash notice, emergency, and medical assistance, which are anticipated to stimulate market growth in the forecast period. As a component of the automatic crash notification service, the telematics control unit (TCU) monitors several crash sensors of the vehicle and, in the occurrence of a crash, directs the details of the vehicle location and crash severity and also sends a voice call to the telematics call center so that emergency services can be dispatched to the scene of the accident. Telematics can be described as a method of tracking vehicles with the use of communication knowledge such as GPS systems, onboard diagnostics, and other cellular machinery. communication technology by cellular networks such as 3G, 4G, or even 5G, telematics can be used to send both data and infrastructures back and forth between an automobile and a central administration system.

Who are the Major Players in Vehicle Telematics Market?



The Global Vehicle Telematics Market study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Aptiv PLC, LeasePlan, ALD Automotive, Visteon Corporation, Telefonica S.A, Vodafone Group Plc., Alphabet, Robert Bosch Gmbh, Valeo S.A, Trimble, ARI, AT&T, Athlon, Creance, Omnitracs, Harman International Industries, Octo, Emkay, IMS, TomTom, Continental, Michelin, Arvento, Mix Telematics.



Industry News and Update



July 2021 – Creance to Voice-Enable In-Vehicle App Store Platform from HARMAN Creance Inc. partnered with HARMAN International to offer voice-enabled in-vehicle third-party applications available in the HARMAN Ignite Store.



February 2021 – IMS Launches Vehicle Data Exchange to Provide Complete Connectivity Service for Accessing Vehicle Data IMS launched the IMS Vehicle Data Exchange, a new service that provides live, real-time access to vehicle insights and mobility data from OEM-embedded hardware and any aftermarket device.



What are the major Applications, Types, and Regions of the Vehicle Telematics Market?



The market is segmented based on the type, applications, companies, and regions.



By Type, it is segmented into




  • Fleet/Asset Management

  • Navigation& Location Based Systems

  • Infotainment Systems

  • Insurance Telematics

  • Safety & Security

  • Remote Alarm & Incident Monitoring Solutions

  • V2X



By Application, it is segmented into




  • Passenger Vehicles

  • Commercial Vehicles

  • Other



By Connectivity Solutions




  • Embedded

  • Integrated smartphones

  • Tethered



Vehicle Telematics Market Regional Analysis



North America dominates the market. In North America, the United States is expected to dominate the automotive telematics market in 2022, while Canada is expected to expand at a fast pace during the forecast period. The automotive telematics market is forecasted from 2022 to 2027, taking into account all of the driving factors that have an equal impact on market demand. From 2022 to 2027, the automotive telematics market will be determined by forecasts and active steps taken by industry manufacturers.



North America dominated the market (with the U.S. accounting for most of the market share) and is valued at USD 22.16 billion in 2022. The region controls the global market owing to increasing industrialization and a high volume of commercial cars. The rising safety and security concerns of drivers, passengers, and vehicles, and the prevention of accidents are the foremost factors that are contributing to the market growth in this region. Moreover, government regulations favoring automotive telematics are boosting the market growth. For instance, the U.S. Government recently signed a contract with Geotab to equip 217,000 automobiles with fleet association telematics technology.




  • North America


    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East & Africa

    • Latin America





What is our Vehicle Telematics Market report scope?























































Report Attributes



Report Details



Forecast Period 2022 to 2028 CAGR



CAGR of 21.10% during the review period (2022 to 2027).



By Type




  • Fleet/Asset Management

  • Navigation& Location Based Systems

  • Infotainment Systems

  • Insurance Telematics

  • Safety & Security

  • Remote Alarm & Incident Monitoring Solutions

  • V2X

  • Others



By Application




  • Passenger Vehicles

  • Commercial Vehicles

  • Others



By Companies



Aptiv PLC, LeasePlan, ALD Automotive, Visteon Corporation, Telefonica S.A, Vodafone Group Plc., Alphabet, Robert Bosch Gmbh, Valeo S.A, Trimble, ARI, AT&T, Athlon, Creance, Omnitracs, Harman International Industries, Octo, Emkay, IMS, TomTom, Continental, Michelin, Arvento, Mix Telematics.



Regions Covered




  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



Countries Covered




  • US

  • Canada

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Latin America



Base Year



2022



Historical Year



2017 to 2021



Forecast Year



2022 to 2027



Number of Pages



161



Customization Available



Yes, the report can be customized as per your needs




 



Key Takeaways from this Vehicle Telematics Market Report




  • Evaluate Vehicle Telematics Market potential by analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.

  • Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.

  • Get in-depth insights on your competitor's performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.

  • Analyze the sales and distribution channels across geographies to enhance top-line revenues.

  • Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.

  • Get a quick outlook on the Vehicle Telematics Market entropy - M&As, deals, partnerships, product launches of all key players for the past 5 years.

  • Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.



Frequently Asked Questions



What is the study period of this market?




  • The Vehicle Telematics Market is studied from 2017 - to 2027.



What is the growth rate of the Vehicle Telematics Market?




  • The Vehicle Telematics Market is growing at a CAGR of 21.10% over the next 5 years.



Who are the key players in Vehicle Telematics Market?




  • Aptiv PLC, LeasePlan, ALD Automotive, Visteon Corporation, Telefonica S.A, Vodafone Group Plc., Alphabet, Robert Bosch Gmbh, Valeo S.A, Trimble, ARI, AT&T, Athlon, Creance, Omnitracs, Harman International Industries, Octo, Emkay, IMS, TomTom, Continental, Michelin, Arvento, Mix Telematics.



What regions does this Vehicle Telematics Market report cover?




  • North America (the United States, Canada, and Mexico)

  • Europe (Germany, France, UK, Russia, and Italy)

  • Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

  • South  America (Brazil, Argentina, Colombia, etc.)

  • The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)



What are the significant types of Vehicle Telematics Market?




  • Fleet/Asset Management, Navigation& Location Based Systems, Infotainment Systems, Insurance Telematics, Safety & Security, Remote Alarm & Incident Monitoring Solutions, V2X, Others



What are the major end-use applications of the Vehicle Telematics Market?




  • Passenger Vehicles, Commercial Vehicles, Others



All our reports are custom made to your company's needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.


  1. INTRODUCTION

    1. MARKET DEFINITION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMELINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      1. SECONDARY RESEARCH

      2. PRIMARY RESEARCH

      3. SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      1. DATA TRIANGULATION

      2. BOTTOM-UP APPROACH

      3. TOP-DOWN APPROACH



    4. RESEARCH FLOW



  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. VEHICLE TELEMATICS MARKET BY APPLICATION

    3. VEHICLE TELEMATICS MARKET BY TYPES



  4. MARKET DYNAMICS

    1. DRIVERS

      1. INCREASING DEMAND FOR VEHICLE TELEMATICS 



    2. RESTRAINTS

      1. STRINGENT ENVIRONMENTAL REGULATIONS

      2. HIGH COST OF MATERIALS



    3. OPPORTUNITIES

      1. VEHICLE TELEMATICS GROWTH

      2. APPLICATION OF VEHICLE TELEMATICS 



    4. IMPACT OF COVID 19



  5. VEHICLE TELEMATICS MARKET, BY APPLICATION

    1. INTRODUCTION

    2. PASSENGER VEHICLES

    3. COMMERCIAL VEHICLES

    4. OTHERS



  6. VEHICLE TELEMATICS MARKET, BY TYPES

    1. INTRODUCTION

    2. FLEET/ASSET MANAGEMENT

    3. NAVIGATION& LOCATION-BASED SYSTEMS

    4. INFOTAINMENT SYSTEMS

    5. INSURANCE TELEMATICS

    6. SAFETY & SECURITY

    7. REMOTE ALARM & INCIDENT MONITORING SOLUTIONS

    8. V2X

    9. OTHERS



  7. VEHICLE TELEMATICS MARKET, BY REGION

    1. NORTH AMERICA

      1. US

      2. CANADA

      3. MEXICO



    2. EUROPE

      1. GERMANY

      2. FRANCE

      3. UK

      4. ITALY

      5. RUSSIA

      6. REST OF EUROPE



    3. APAC

      1. CHINA

      2. SOUTH KOREA

      3. JAPAN

      4. INDIA

      5. AUSTRALIA

      6. ASEAN

      7. REST OF APAC



    4. MIDDLE EAST & AFRICA

      1. SAUDI ARABIA

      2. UAE

      3. SOUTH AFRICA

      4. TURKEY

      5. REST OF MEA



    5. SOUTH AMERICA

      1. BRAZIL

      2. REST OF MEA

      3. ARGENTINA

      4. REST OF SOUTH AMERICA





  8. COMPETITIVE LANDSCAPE

    1. MERGERS, ACQUISITIONS, JOINT VENTURES, COLLABORATIONS,

    2. AND AGREEMENTS

      1. KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  9. COMPANY PROFILES

    1. BUSINESS OVERVIEW

    2. COMPANY SNAPSHOT

    3. PRODUCT BENCHMARKING

    4. STRATEGIC INITIATIVES

      1. Aptiv PLC

      2. LeasePlan

      3. ALD Automotive

      4. Visteon Corporation

      5. Telefonica S.A

      6. Vodafone Group Plc.

      7. Alphabet

      8. Robert Bosch Gmbh

      9. Valeo S.A

      10. Trimble

      11. ARI

      12. AT&T

      13. Athlon

      14. Creance

      15. Omnitracs

      16. Harman International industries

      17. Octo

      18. Emkay

      19. IMS

      20. TomTom

      21. Continental

      22. Michelin

      23. Arvento

      24. Mix Telematics.





SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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