Electric Vehicle Telematics Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Electric Vehicle Telematics Market
The electric vehicle telematics market size was valued at USD 10.25 billion in 2023, and the market is now projected to grow from USD 12.42 billion in 2024 to USD 63.00 billion by 2032, exhibiting a CAGR of 22.5% during the forecast period of 2024-2032.
COVID- 19 pandemic has extremely affected the whole world. It had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic affected major disturbances in worldwide supply chains, disturbing the manufacturing and distribution of telematics hardware and software. Manufacturing plants were provisionally closed down, leading to delays in the making of EVs and telematics systems.
Improvements in battery technology and charging infrastructure are making electric vehicles more appropriate for routine use. This is growing the demand of EVs to an extensive range of customers. Furthermore, governments across the world are executing guidelines and enticements to promote EV adoption and reduce carbon emissions. This has led to a rising demand for electric vehicle telematics solutions that can support such automobiles' effective and supportable operation. The constantly growing demand for EVs has formed abundant opportunities which upsurges the electric vehicle telematics market growth.
Electric vehicle telematics is using innovative data analytics and machine learning procedures to support the efficient operation of EVs and their charging infrastructure. This contains using analytical upkeep solutions which can benefit to recognize probable issues with EVs or charging stations before they turn into key problems. Telematics systems offer real-time data on EV performance involving battery status, charging patterns, and automobile strength.
Comprehensive Analysis of Electric Vehicle Telematics Market
The market can be segmented in various ways depending on the focus of study such as by type, by technology and by application. Based on the application, the market is segmented into safety & security, entertainment, information & navigation, diagnostics, and others. By technology, the market is segmented into embedded and retrofit. By vehicle type, the market is segmented into two-wheelers, passenger vehicles, and commercial vehicles.
Asia Pacific region is dominating the electric vehicle telematics market share due to upsurge in the implementation of associated vehicles equipped with sensors and communication technology to provide actual data and insights.
The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and growing market share by merger, partnerships and others. These players include TomTom International (Netherlands), Robert Bosch GmbH (Germany), Continental AG (Germany), Trimble, Inc. (U.S.), Geotab Inc. (Canada), CSS Electronics (Denmark), Intellicar (India), Inventure Ltd (Hungary), Agero, Inc. (U.S.), Airbiquity, Inc. (U.S.) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.
In October 2023, Dynamon announces the Synthetic Telematics 'Virtual Electric Fleet' feature, allowing businesses to function a virtual electric fleet that simulates real-world vehicle performance.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 22.5% from 2024 to 2032
Revenue Value (USD billion)
Segmentation By Technology
Embedded
Retrofitted
By Vehicle Type
Two Wheelers
Passenger Vehicles
Commercial Vehicles
By Application
Safety & Security
Entertainment
Information & Navigation
Diagnostics
Others
By Geography
North America (By Technology, By Vehicle Type, By Application)
- U.S. (By Technology)
- Canada (By Technology)
- Mexico (By Technology)
Europe (By Technology, By Vehicle Type, By Application)
- U.K. (By Technology)
- Germany (By Technology)
- France (By Technology)
- Rest of Europe (By Technology)
Asia Pacific (By Technology, By Vehicle Type, By Application)
- China (By Technology)
- India (By Technology)
- Japan (By Technology)
- South Korea (By Technology)
- Rest of Asia Pacific (By Technology)
Rest of World (By Technology, By Vehicle Type, By Application)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Trends
- 4. Key Insights
- 4.1. Prevalence of Epilepsy, By Key Countries/ Regions, 2023
- 4.2. New Product Launches, By Key Players
- 4.3. Pipeline Analysis
- 4.4. Overview of Challenges Faced in the Antiepileptic Drugs Market
- 4.5. Key Industry Developments - Mergers, Acquisitions, and Partnerships
- 4.6. Impact of COVID-19 on the Market
- 5. Global Antiepileptic Drugs (AED) Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Market Analysis, Insights and Forecast – By Drug Generation
- 5.1.1. First Generation
- 5.1.2. Second Generation
- 5.1.3. Third Generation
- 5.2. Market Analysis, Insights and Forecast – By Distribution Channel
- 5.2.1. Hospital Pharmacies
- 5.2.2. Retail Pharmacies
- 5.2.3. Online Pharmacies
- 5.3. Market Analysis, Insights and Forecast – By Region
- 5.3.1. North America
- 5.3.2. Europe
- 5.3.3. Asia Pacific
- 5.3.4. Latin America
- 5.3.5. Middle East & Africa
- 6. North America Antiepileptic Drugs (AED) Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Market Analysis, Insights and Forecast – By Drug Generation
- 6.1.1. First Generation
- 6.1.2. Second Generation
- 6.1.3. Third Generation
- 6.2. Market Analysis, Insights and Forecast – By Distribution Channel
- 6.2.1. Hospital Pharmacies
- 6.2.2. Retail Pharmacies
- 6.2.3. Online Pharmacies
- 6.3. Market Analysis, Insights and Forecast – By Country
- 6.3.1. U.S.
- 6.3.2. Canada
- 7. Europe Antiepileptic Drugs (AED) Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Market Analysis, Insights and Forecast – By Drug Generation
- 7.1.1. First Generation
- 7.1.2. Second Generation
- 7.1.3. Third Generation
- 7.2. Market Analysis, Insights and Forecast – By Distribution Channel
- 7.2.1. Hospital Pharmacies
- 7.2.2. Retail Pharmacies
- 7.2.3. Online Pharmacies
- 7.3. Market Analysis, Insights and Forecast – By Country/ Sub-Region
- 7.3.1. U.K.
- 7.3.2. Germany
- 7.3.3. France
- 7.3.4. Italy
- 7.3.5. Spain
- 7.3.6. Scandinavia
- 7.3.7. Rest of Europe
- 8. Asia Pacific Antiepileptic Drugs (AED) Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Market Analysis, Insights and Forecast – By Drug Generation
- 8.1.1. First Generation
- 8.1.2. Second Generation
- 8.1.3. Third Generation
- 8.2. Market Analysis, Insights and Forecast – By Distribution Channel
- 8.2.1. Hospital Pharmacies
- 8.2.2. Retail Pharmacies
- 8.2.3. Online Pharmacies
- 8.3. Market Analysis, Insights and Forecast – By Country/ Sub-Region
- 8.3.1. Japan
- 8.3.2. China
- 8.3.3. India
- 8.3.4. Australia
- 8.3.5. Southeast Asia
- 8.3.6. Rest of Asia Pacific
- 9. Latin America Antiepileptic Drugs (AED) Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Market Analysis, Insights and Forecast – By Drug Generation
- 9.1.1. First Generation
- 9.1.2. Second Generation
- 9.1.3. Third Generation
- 9.2. Market Analysis, Insights and Forecast – By Distribution Channel
- 9.2.1. Hospital Pharmacies
- 9.2.2. Retail Pharmacies
- 9.2.3. Online Pharmacies
- 9.3. Market Analysis, Insights and Forecast – By Country/ Sub-Region
- 9.3.1. Brazil
- 9.3.2. Mexico
- 9.3.3. Rest of Latin America
- 10. Middle East & Africa Antiepileptic Drugs (AED) Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Market Analysis, Insights and Forecast – By Drug Generation
- 10.1.1. First Generation
- 10.1.2. Second Generation
- 10.1.3. Third Generation
- 10.2. Market Analysis, Insights and Forecast – By Distribution Channel
- 10.2.1. Hospital Pharmacies
- 10.2.2. Retail Pharmacies
- 10.2.3. Online Pharmacies
- 10.3. Market Analysis, Insights and Forecast – By Country/ Sub-Region
- 10.3.1. GCC
- 10.3.2. South Africa
- 10.3.3. Rest of Middle East & Africa
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis (2023)
- 11.2. Company Profiles
- 11.2.1. Pfizer Inc.
- 11.2.1.1. Overview
- 11.2.1.2. Products & Services
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Strategies
- 11.2.1.6. Financials (Based on Availability)
- 11.2.2. UCB S.A.
- 11.2.2.1. Overview
- 11.2.2.2. Products & Services
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Strategies
- 11.2.2.6. Financials (Based on Availability)
- 11.2.3. GSK plc.
- 11.2.3.1. Overview
- 11.2.3.2. Products & Services
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Strategies
- 11.2.3.6. Financials (Based on Availability)
- 11.2.4. H. Lundbeck A/S
- 11.2.4.1. Overview
- 11.2.4.2. Products & Services
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Strategies
- 11.2.4.6. Financials (Based on Availability)
- 11.2.5. Eisai Co., Ltd.
- 11.2.5.1. Overview
- 11.2.5.2. Products & Services
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Strategies
- 11.2.5.6. Financials (Based on Availability)
- 11.2.6. Sanofi
- 11.2.6.1. Overview
- 11.2.6.2. Products & Services
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Strategies
- 11.2.6.6. Financials (Based on Availability)
- 11.2.7. Sunovion Pharmaceuticals Inc.
- 11.2.7.1. Overview
- 11.2.7.2. Products & Services
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Strategies
- 11.2.7.6. Financials (Based on Availability)
- 11.2.8. Jazz Pharmaceuticals, Inc.
- 11.2.8.1. Overview
- 11.2.8.2. Products & Services
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Strategies
- 11.2.8.6. Financials (Based on Availability)
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