Telematics Control Unit Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023- 2028)
The telematics control unit market is expected to register a CAGR of 10.97% over the forecast period. An increase in demand for safety, comfort, and convenience in the automotive sector, along with increased demand for deployment of 5G technology, is expected to drive the market.
Key HighlightsThe major players in the market include LG Electronics Inc., Harman International (Samsung Electronics Co. Ltd), Bosch Software Innovations GmbH, Continental AG, Fujitsu Ten Corporation, and Huawei Technologies Co. Ltd. The market is fragmented since there is high competition among major market players. The market is highly attractive due to the emergence of electronic safety equipment and the adoption to assist in meeting vehicle safety regulations.
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