Global Automotive Telematics Control Unit (TCU) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Automotive Telematics Control Unit (TCU) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A telematic control unit (TCU) in the automobile industry refers to the embedded system on board of a vehicle that wirelessly connects the vehicle to cloud services or other vehicles via V2X standards over a cellular network. The TCU collects telemetry data from the vehicle, such as position, speed, engine data, connectivity quality, etc. through interfacing with various sub-systems over data and control busses in the vehicle. It may also provide in-vehicle connectivity via WIFI and Bluetooth and implements the eCall function on applicable markets.

Market Overview:

The latest research study on the global Automotive Telematics Control Unit (TCU) market finds that the global Automotive Telematics Control Unit (TCU) market reached a value of USD 4198.04 million in 2022. It’s expected that the market will achieve USD 9268.04 million by 2028, exhibiting a CAGR of 14.11% during the forecast period.

In recent years, sales of global automobile industry have declined

Since 2018, the prosperity of the automobile market has declined. In recent years, affected by chip shortage and covid-19 epidemic, the sales volume of the whole automobile market continued to be sluggish. At present, the global automobile industry as a whole has not recovered to the pre-epidemic level. Due to the shortage of chips and tight supply of spare parts, it will take some time for the automobile industry to fully recover. Automobile manufacturers use semiconductors in all fields, from power steering and brake sensors to entertainment systems and parking cameras. The smarter cars are, the more chips they use. The shortage of chips has been plaguing the automobile industry, and many automobile companies around the world have reduced production or even stopped production for many times. The growth rate of automobile sales slowed down or even declined, and the shortage of automobile chips limited the market of Automotive Telematics Control Unit (TCU) to a certain extent.

Government support

Some governments have implemented strict rules and regulations on the safety and security of vehicles. Many countries have required to install Vehicle Telematics in vehicles to track the position and behavior of vehicles. The basic requirements for vehicles include services such as stolen vehicle tracking and emergency call system. In January 2019, the Indian government issued a new AIS 140 Motor Vehicle Order, requiring all new public transport vehicles in the country (excluding taxis and rickshaws) to install position tracking equipment. In April, 2020, China's Ministry of Ecology and Environment (MEE) issued a draft regulation on On-Board Diagnostics for heavy vehicles. All heavy vehicles need remote information processing. In addition, the European Commission has authorized the integration of eCall system into vehicles to control the increasing number of road deaths and the safety of passengers. Government policy support also plays an important role in the market growth of Automotive Telematics Control Unit (TCU).

Cyber threats

The birth and wide application of new technologies such as artificial intelligence, big data and Internet of Things have led to subversive changes in the automobile industry. At the same time, huge uncertainties and ubiquitous network security risks have limited the development of Vehicle Telematics.
In the past two years, the attack methods of automobile network security have become increasingly diversified. In addition to the traditional attack methods, there are also dolphin sound attacks using ultrasonic waves, AI attacks using photos and road signs, etc., and the attack routes have become increasingly complicated, resulting in increasingly serious problems of automobile network security.
Tesla's on-board system and Volkswagen's Megamos Crypto protection system have also been breached by hackers.
With the development of the automobile industry in the direction of intelligence, networking, sharing and electrification, the functions in the automobile have been greatly increased, and the connectivity between vehicles, terminal applications, roadside infrastructure and the cloud has also been greatly enhanced, resulting in more information security access points and risk points being exposed.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Asia-Pacific (55.14% in 2022).

Company Overview

Continental is one of the major players operating in the Automotive Telematics Control Unit (TCU) market, holding a share of 23.78% in 2022.

Continental

Continental AG (Continental) is an automotive company that manufactures and sells brake systems, and systems and components for powertrains and chassis, vehicle electronics, instrumentation, infotainment solutions, tires and technical elastomers. The company offers tires and provides tire replacement solutions for a range of customers, from passenger cars through trucks, buses and construction site vehicles to special vehicles, bicycles and motorcycles. Continental markets its offerings under the Elektrobit, VDO, Uniroyal, Phoenix and Matador and other brands. It serves customers in Asia, Europe, North America and other regions. The company has manufacturing plants across the world. Continental is headquartered in Hanover, Niedersachsen, Germany.

LG

LGE is composed of four business divisions: Home Appliance & Air Solutions (H&A), Home Entertainment (HE), Vehicle Component Solutions (VS), and Business Solutions (BS). It also leads the market in various fields, including refrigerators, washing machines, TVs, mobile phones, vehicle component, and solar energy.

Segmentation Overview:

By type, 4G/5G segment accounted for the largest share of market in 2022.

Application Overview:

The market's largest segment by application is the segment Passenger Vehicle, with a market share of 71.59% in 202.

Key Companies in the global Automotive Telematics Control Unit (TCU) market covered in Chapter 3:

Huawei
Bosch
Xiamen Yaxon Network Co., Ltd.
Novero (Laird)
Flaircomm Microelectronics
Visteon
Continental
Marelli
Valeo
Harman (Samsung)
Denso
Ficosa
LG

In Chapter 4 and Chapter 14.2, on the basis of types, the Automotive Telematics Control Unit (TCU) market from 2018 to 2029 is primarily split into:

2G/2.5G
3G
4G/5G

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Automotive Telematics Control Unit (TCU) market from 2018 to 2029 covers:

Passenger Vehicle
Commercial 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)