Global 4G/5G Telematics Control Unit Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global 4G/5G Telematics Control Unit Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

TCU (Telematics Control Unit) is an electronic device used in vehicles, which receives communication from other electronic devices, and then, interprets and disperses the data. TCU focuses on driver and passenger safety, provides real-time direction, gives traffic status, and support an emergency call facility in case of any accidents.

Market Overview:

The latest research study on the global 4G/5G Telematics Control Unit market finds that the global 4G/5G Telematics Control Unit market reached a value of USD 2179.01 million in 2022. It’s expected that the market will achieve USD 3482.0 million by 2028, exhibiting a CAGR of 8.13% during the forecast period.

Market Opportunities and Drivers

The significant growth in demand for connected services in the automotive industry has been a major driver of growth in the industry, and the future of telematics and its growing advanced capabilities are closely linked to the rise of the global automotive fleet. Safety, comfort and convenience systems are critical in the automotive sector. In addition, the global automotive industry is booming and 4G/5G telematics control unit driving market demand.
Digital technology plays a vital role in driving the transformation of the automotive industry by enabling drivers to monitor vehicle driving behavior and navigation. These services also provide the rider with the basis for understanding the speed and conditions of vehicle movement and the basis for developing more complex data modeling and scorecards.

Market Challenges

The main challenges facing TCUs come from battery power, RF connections, and reliability in the event of an accident or collision. Battery power is very important to the TCU, and the main battery of the vehicle or power supply may not work properly in the event of a collision or accident.
Emerging countries have poor telecommunications infrastructure, and vehicles with mobility are not connected to data cables or power cables. They cannot always understand road traffic conditions, and vehicles cannot make emergency calls due to traffic accidents.

Region Overview:

Europe dominated the 4G/5G Telematics Control Unit market in 2022, with a market share of 26.97%.

Company Overview:

LG Electronics Inc. is one of the major players operating in the 4G/5G Telematics Control Unit market, holding a share of 12.3% in 2023.

LG Electronics Inc.

LG Electronics Inc. manufactures and sells consumer electronics, mobile communications, and home appliances worldwide. The company offers home appliances and air solutions, such as refrigerators, washing machines, dishwashers, cooking appliances, vacuum cleaners, built-in appliances, air conditioners, air purifiers, and dehumidifiers.

Continental AG

Continental Aktiengesellschaft provides products and services primarily for the automotive industry worldwide. It operates through Chassis&Safety, Powertrain, Interior, Tires, and ContiTech segments. The Chassis&Safety segment develops, produces, and markets intelligent systems to enhance driving safety and vehicle dynamics.

Segmentation Overview:

As for product types, the Factory Installed Market segment held the largest market share in 2022.

Application Overview:

By application, the Passenger Vehicle segment occupied the biggest share from 2018 to 2022.

Key Companies in the global 4G/5G Telematics Control Unit market covered in Chapter 3:

DENSO Corporation
Robert Bosch GmbH
Visteon
Laird (Novero)
Infineon Technologies AG
Samsung Electronics Co., Ltd
LG Electronics Inc.
Valeo
Texas Instruments Incorporated.
STMicroelectronics
Continental AG

In Chapter 4 and Chapter 14.2, on the basis of types, the 4G/5G Telematics Control Unit market from 2018 to 2029 is primarily split into:

Factory Installed Market
Aftermarket

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the 4G/5G Telematics Control Unit market from 2018 to 2029 covers:

Passenger Vehicle
Commercial Vehicle
Powered Two Wheelers Vehicle

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)