Automotive OEM Telematics Market by Vehicle Type (Passenger Car, Two-Wheelers, HCV, MCV and LCV), by Application (Solutions and Services)- Global Opportunity Analysis and Industry Forecast, 2020 – 2030
Industry: Materials and Chemical | Publish Date: 03-Dec-2021 | No of Pages: 307 | No. of Tables: 173 | No. of Figures: 143 | Format: PDF | Report Code : N/A
Speak to Our Analyst
Market Defination:
The Global Automotive OEM Telematics Market size valued to USD 22.95 billion in 2019, is predicted an elevation up-to USD 125.48 billion by 2030, with a growing CAGR of 16.7% from 2020-2030.
Automotive OEM Telematics is an interdisciplinary integration of telecommunications, and informatics; preinstalled in an automobile to provide security, enhance safety features, assist in navigation and take control of the vehicle. The main function of telematics is automobile tracking, car sharing, emergency warning systems for vehicles and such other high-tech features. The services offered are either subscription based or free of cost. The automotive OEM telematics solutions and services hold wide applications in Passenger Car, Two-Wheelers, HCV, MCV and LCV.
Market Dynamics and Trends:
The automotive OEM telematics market is gaining momentum due to stringent government regulations regarding safety and security, rising awareness in consumers about connectivity solutions, as well as growing trends of AI and IoT in system installations. Besides, benefits offered by telematics services such as smart transportation system, ease in vehicle diagnosis, all time connectivity approach, as well as enhanced performance of automotive vehicles are propelling the growth of global automotive OEM telematics market.
Furthermore, increasing market trend towards the adoption of smart gadgets majorly laptops, smart phones, tablets, and other such advanced technological goods, specifically in the emerging economies, are expected to supplement the growth of the automotive OEM telematics market over the forecast period.
However, high installation and maintenance cost, threat of data hacking, plus lack of skill-set in using complex technologies are expected to inhibit the growth of automotive OEM telematics market.
Moreover, increase in government initiatives towards public safety, increasing awareness in consumers regarding security concerns, advancements in the global navigation systems, ongoing R&D activities in automotive telematics, innovative product launches as well as advancements in product technologies by market players, are responsible in creating lucrative opportunities in the global automotive OEM telematics market in coming future.
Market Segmentations and Scope of the Study:
The global automotive OEM telematics market share analysis is based on vehicle type, application, and geography.
Based on vehicle type, the market is segmented into Passenger Car, Two-Wheelers, HCV, MCV and LCV. Based on application, the market is further classified into solutions and services. The services segment is divided into Design and consulting, Integration and deployment, Maintenance and training and Data acquisition from vehicle bus network. The solution segment is further categorized into Fleet/Asset management solution, Navigation and location-based Solution, Infotainment, Insurance telematics, V2V and V2I, Tele-health solutions, Remote alarm and monitoring, Remote diagnostic and Driver and vehicle performance analytics. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.
Geographical Analysis:
North America dominated the global automotive OEM telematics market, and is expected to maintain its dominance throughout the forecast period, holding the highest market share. This is attributable to factors such as stringent regulatory standards regarding public safety, advanced diagnostic systems, high-tech navigating systems, as well as stable and well-established automotive infrastructures.
Asia Pacific region is expected a substantial growth in the global automotive OEM telematics market, with the highest CAGR values, owing to increasing government initiatives towards public safety, more inclination towards the use of smart gadgets, increasing demand of safety features to cope up with emergency, and developments in navigation systems in this region.
Competitive Landscape:
Some of the major market players in the automotive OEM telematics market include Verizon 103, Harman, TomTom, AT&T, Vodafone Group Plc, Ford Motors Co., BMW, Telefonica, MiX Telematics, Trimble Navigation Limited among others.
The past endeavors, present developments and futuristic advancements, sum-up to comprehend the overall automotive OEM telematics market growth.
For instance, in January 2020, Continental AG presented a new online platform that automates and standardizes software development and integration into the vehicle. Car makers and suppliers get benefitted in the vehicle development process by saving time as well as money, along with reducing costs for all involved parties, and enhanced software quality with the Continental Cooperation Portal.
Furthermore, in January 2020, one of the key players of the global automotive OEM telematics market, Qualcomm Technologies, Inc., and Sasken Technologies Ltd., partnered to extend engineering and customization support for automotive customer base. Through this collaboration, the global engineering teams of Sasken Technology strategizes to develop and provide its assistance in the deployment of automotive platforms and solutions from Qualcomm Technologies. Qualcomm technologies expands its presence throughout the automotive segment with this merger.
KEY BENEFITS:
-
The automotive OEM telematics market report provides the quantitative analysis of the current market and estimations through 2020-2030 that assists in identifying the prevailing market opportunities to capitalize on.
-
The study comprises a deep dive analysis of the automotive OEM telematics market trend including the current and future trends for depicting the prevalent investment pockets in the market.
-
The report provides detailed information related to key drivers, restraints and opportunities and their impact on the automotive OEM telematics market.
-
The report incorporates a competitive analysis of the market players along with their market share in the global automotive OEM telematics market.
-
The study elaborates SWOT analysis and Porters Five Forces model for thr automotive OEM telematics market.
-
Value chain analysis in the automotive OEM telematics market study provides a clear picture of the stakeholders’ roles.
KEY MARKET SEGMENTS:
By Vehicle Type
-
Passenger Car
-
Two-Wheelers
-
HCV
-
MCV
-
LCV
By Application
-
Solution
-
Fleet/Asset management solution
-
Navigation and location-based Solution
-
Infotainment
-
Insurance telematics
-
V2V and V2I
-
Tele-health solutions
-
Remote alarm and monitoring
-
Remote diagnostic
-
Driver and vehicle performance analytics
-
-
Services
-
Design and consulting
-
Integration and deployment
-
Maintenance and training
-
Data acquisition from vehicle bus network
-
By Geography
-
North America
-
U.S.
-
Canada
-
Mexico
-
-
Europe
-
UK
-
Germany
-
France
-
Rest of Europe
-
-
Asia-Pacific
-
China
-
India
-
Australia
-
Rest of Asia-Pacific
-
-
RoW
-
Latin America
-
Middle East
-
Africa
-
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Analysis Period |
2019–2030 |
|
Base Year Considered |
2020 |
|
Forecast Period |
2020–2030 |
|
Market Size Estimation |
Billion (USD) |
|
Market Segmentation |
By Type of Vehicle (Passenger Car, Two-Wheelers, HCV, MCV, LCV) By Application (Solutions, Services) |
|
Geographical Segmentation |
North America (U.S., Canada, Mexico) Europe (UK, Germany, France, Rest of Europe), Asia-Pacific (China, Australia, India, Rest of APAC), Rest of the World (Latin America, Middle East, Africa) |
|
Companies Profiled |
Verizon 103, Harman, TomTom, AT&T, Vodafone Group Plc, Ford Motors Co., BMW, Telefonica, MiX Telematics, Trimble Navigation Limited. |
KEY PLAYERS:
-
BASF SE
-
Axalta Coating Systems
-
PPG Industries
-
Kansai Paint
-
Nippon Paint
-
AkzoNobel
-
KCC Paint
-
Sherwin-Williams Company
-
Arkema SA
-
Bayer AG
At Next Move Strategy Consulting, we understand that insightful market research is the cornerstone of successful business decisions. That's why we employ a robust and multifaceted approach, combining various methodologies to deliver the most accurate and actionable data for our clients.
Research Landscape
We navigate the world of research with two primary approaches:
Qualitative Approach
Our qualitative research methodologies involve immersive techniques such as in-depth interviews, focus groups, and observational studies. By engaging directly with individuals and stakeholders, we uncover valuable insights that quantitative data alone may overlook.
Quantitative Research
In tandem with qualitative methodologies, NMSC leverages the power of Quantitative Research to provide a robust foundation of numerical insights. Through systematic data collection and analysis, we quantify patterns, preferences, and market trends, offering a comprehensive view of the business landscape.
Our quantitative research approach employs diverse tools, including surveys, experiments, and statistical modelling. These methodologies enable us to gather data from a large and representative sample, ensuring the statistical significance of our findings. By employing structured questionnaires and standardized data collection methods, we guarantee the reliability and validity of the information we present to our clients.
Quantitative research is particularly effective in measuring the prevalence of trends, assessing market size, and gauging the impact of various factors on consumer behavior. The numerical precision attained through this approach equips our clients with actionable insights, facilitating data-driven decision-making and strategy formulation.
Our Specialized Toolbox for Industry-Specific Market Research
We deploy a specialized arsenal of techniques tailored to meet your unique requirements. Here's a glimpse into our comprehensive toolbox:
Information Procurement
The stage entails acquiring market data or relevant information through various sources and methodologies.
Market Research Approach
We utilize both top-down and bottom-up approaches in market research analysis to achieve a comprehensive understanding of the market dynamics, leveraging the broad perspective of industry trends and macroeconomic factors alongside detailed insights from specific segments and individual companies.
Porters Five Forces Analysis
We conduct Porter's Five Forces analysis to evaluate the competitive landscape of an industry, providing us with insights into factors that affect profitability and strategic positioning.
SWOT Analysis
We conduct SWOT analysis to understand market trends, identify potential threats, capitalize on opportunities, and assess our strengths and weaknesses.
Forecasting
We utilize a forecasting model to predict future consumption by considering parameters like population, economics, regulations, market competition, drivers, constraints, technology, and pricing. We also employ statistical techniques such as multilinear regression, exponential smoothing, moving average, ARIMA, and Monte Carlo simulations for accurate predictions. In econometric forecasting, we analyzed short-term and long-term event impacts, attributing values based on regulatory frameworks, economic factors, and market events.
