Global Connected Vehicle and Telematics Market Growth (Status and Outlook) 2024-2030

Global Connected Vehicle and Telematics Market Growth (Status and Outlook) 2024-2030

According to our LPI (LP Information) latest study, the global Connected Vehicle and Telematics market size was valued at US$ million in 2023. With growing demand in downstream market, the Connected Vehicle and Telematics is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during review period.

The research report highlights the growth potential of the global Connected Vehicle and Telematics market. Connected Vehicle and Telematics are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Connected Vehicle and Telematics. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Connected Vehicle and Telematics market.

Growing awareness and numerous benefits of telematics, advancement in smartphones, high speed internet connectivity, and developed GPS receiver have changed the telematics business rapidly. Moreover, rising awareness about driver’s safety and growing influence of safety regulations imposed by various government organizations in the European Union, Russia, and Brazil have made telematics an essential component for vehicles. The factors such as reduction in the cost of connectivity and increasing market penetration of connected devices such as smartphones, and tablets are contributing to the burgeoning demand for connected cars.

The Global Mobile Economy Development Report 2023 released by GSMA Intelligence pointed out that by the end of 2022, the number of global mobile users would exceed 5.4 billion. The mobile ecosystem supports 16 million jobs directly and 12 million jobs indirectly.

According to our Communications Research Centre, in 2022, the global communication equipment was valued at US$ 100 billion. The U.S. and China are powerhouses in the manufacture of communications equipment. According to data from the Ministry of Industry and Information Technology of China, the cumulative revenue of telecommunications services in 2022 was ¥1.58 trillion, an increase of 8% over the previous year. The total amount of telecommunications business calculated at the price of the previous year reached ¥1.75 trillion, a year-on-year increase of 21.3%. In the same year, the fixed Internet broadband access business revenue was ¥240.2 billion, an increase of 7.1% over the previous year, and its proportion in the telecommunications business revenue decreased from 15.3% in the previous year to 15.2%, driving the telecommunications business revenue to increase by 1.1 percentage points.

Key Features:

The report on Connected Vehicle and Telematics market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Connected Vehicle and Telematics market. It may include historical data, market segmentation by Technology (e.g., Radio Frequency Identification, Sensor Network), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Connected Vehicle and Telematics market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Connected Vehicle and Telematics market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Connected Vehicle and Telematics industry. This include advancements in Connected Vehicle and Telematics technology, Connected Vehicle and Telematics new entrants, Connected Vehicle and Telematics new investment, and other innovations that are shaping the future of Connected Vehicle and Telematics.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Connected Vehicle and Telematics market. It includes factors influencing customer ' purchasing decisions, preferences for Connected Vehicle and Telematics product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Connected Vehicle and Telematics market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Connected Vehicle and Telematics market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Connected Vehicle and Telematics market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Connected Vehicle and Telematics industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Connected Vehicle and Telematics market.

Market Segmentation:

Connected Vehicle and Telematics market is split by Technology and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Technology, and by Application in terms of value.

Segmentation by technology
Radio Frequency Identification
Sensor Network
Satellite Positioning
Wireless Communication
Big Data Analysis
Standards and Safety Systems

Segmentation by application
Passenger Cars
Commercial Vehicles

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
AT&T Inc.
Airbiquity Inc.
Continental AG
Delphi Automotive PLC
HARMAN International
Intel Corporation
Magneti Marelli S.p.A
Mix Telematics Ltd.
Octo Telematics Ltd.
Qualcomm Inc.
Bosch
Teletrac Navman
Tom-Tom NV.
Trimble Inc.
Verizon Communications, Inc.
Wireless Car AB

Please note: The report will take approximately 2 business days to prepare and deliver.