Global Automotive Telematics Market 2024-2028
The automotive telematics market is forecasted to grow by USD 170 bn during 2023-2028, accelerating at a CAGR of 25.2% during the forecast period. The report on the automotive telematics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing popularity of EVs, presence of a conducive technology environment, and regulations to improve safety of modern vehicles.
Technavio's automotive telematics market is segmented as below:
By Distribution Channel
By Application
- Passenger cars
- Commercial vehicles
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the growing popularity of API as one of the prime reasons driving the automotive telematics market growth during the next few years. Also, adoption of video telematics to precisely track driver behavior and collaboration of OEMs and tier-1 suppliers for pre-installed telematics services will lead to sizable demand in the market.
The report on the automotive telematics market covers the following areas:
- Automotive telematics market sizing
- Automotive telematics market forecast
- Automotive telematics market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive telematics market vendors that include Agero Inc., Airbiquity Inc., BorgWarner Inc., Continental AG, Garmin Ltd., General Motors Co., LG Corp., Masternaut Ltd., MiX Telematics Ltd., OCTO Telematics S.p.A, Panasonic Holdings Corp., Qualcomm Inc., Robert Bosch GmbH, Solera Holdings LLC, Teletrac Navman US Ltd., TomTom NV, Trimble Inc., Verizon Communications Inc., Visteon Corp., and Volkswagen AG. Also, the automotive telematics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. IT presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.