Global Automotive Telematics Market Value is expected to exceed USD 139 Billion by 2028. The industry is expected to register 6X higher revenue by 2028 than that in 2018.
Telematics is the convergence of digital technology to help driver with features including navigation, security and safety. Global automotive telematics market is primarily driven by better connectivity, electrification and autonomous driving. Telematics provide wireless communication and also acts in anti-theft activities. Telematics has bridged the gap between human-machine interfaces. Higher penetration of smartphones and high internet connectivity are few catalytic forces behind automotive telematics industry growth. The industry is registering impressive profit since 2010. Various players have emerged in the segment to gain higher profits. Established players are broadening their services to minimize competitive threat from new entrants. It is expected that industry will be witnessing cutthroat competition during the next ten years. Product launch and partnership are expected to be the key trend in the market.
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Some key trends from the global Automotive Telematics market:
Trend#1: Emergence of Autonomous Cars to Fuel the Automotive Telematics Market Growth
Bekryl estimates 7% of car sold in 2028 will be autonomous. This will significantly boost the automotive telematics product and services. Technological readiness will be a major factor that will further drive the automotive telematics adoption.
Trend#2: Western Europe to Dominate the Automotive Telematics Market in 2019
Higher sales of luxury cars and SUV are key factor driving the automotive telematics market in Western Europe. The region will account for 38% of global telematics market share in 2019.
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Some key global Automotive Telematics Market Players are
Astrata Group (Omnitracs)
Key Topics Covered in Automotive Telematics Market Report:
(*The list is partial. Contact Bekryl representative/request report sample to access complete TOC).
- Research Methodology
- Executive Summary
- Value Chain Analysis
3.1. Profit Analysis
3.2. Key Players Across Value Chain
- Key Spending Analysis
- Market Growth Scenario
- Automotive Telematics Market Dynamics
6.5. Porter’s Analysis
- Global Automotive Telematics Market, By Vehicle Type (US$ Mn), 2018-2028
7.1. Passenger Cars
7.2. Commercial Vehicles
- Global Automotive Telematics Market, By Product Type (US$ Mn), 2018-2028
- Global Automotive Telematics Market, By Application Type (US$ Mn), 2018-2028
9.1. Entertainment and Infotainment
9.3. Safety and Security
9.4. Remote Diagnostics
- Global Automotive Telematics Market, By Distribution Channel (US$ Mn), 2018-2028
- Automotive Telematics Market, By Region (US$ Mn), 2018-2028
11.1. North America
11.2. Western Europe
11.3. Central & Eastern Europe (CEE)
11.4. Asia Pacific
11.5. Middle East
11.6. Latin America
- Automotive Telematics Market Competition Landscape
12.1. Competition Dashboard
12.2. Distribution Channel Matrix
12.3. Company Profiles (Check above list of companies)
(The list is partial. Contact Bekryl representative to access detailed research scope)
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