Global Automotive Embedded Telematics Databank Market Report

Global Automotive Embedded Telematics Databank Market Report

The Automotive Embedded Telematics market was valued at $13,232.0 Million in 2020, and is projected to reach $25,280.3 Million by 2029 growing at a CAGR of 7.51% from 2021 to 2029. Hardware segment is expected to be the highest contributor to this market, with $5,485.7 Million in 2020, and is anticipated to reach $10,522.0 Million by 2029, registering a CAGR of 7.56%. Service segment is anticipated to reach $8,049.6 Million by 2029 with the highest CAGR of 8.55%. Hardware and Connectivity segments collectively expected to account for about 70.8% share of the Automotive Embedded Telematics market in 2020, with the former constituting around 41.5% share. Service and Hardware segments are expected to witness significant growth rates at a CAGR of 8.55% and 7.56% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 70.6% in the overall Automotive Embedded Telematics market in 2020, and is anticipated to reach 73.5% by 2029.