Sales of Automotive Telematics Are Growing More Than 5x To Reach $217.7 Billion by 2031

Posted on 2022-11-25 by Fact.MR in Automotive // 0 Comments

Automotive Telematics Market by Product Type (Embedded Automotive Telematics, Integrated Automotive Telematics, Tethered Automotive Telematics), by Services, by Vehicle Type, by Sales Channel and Regional Analysis 2021-2031

The global automotive telematics market exceeded $22 billion in 2018, posting 23.3% year-over-year growth by 2019.

The outlook looks even more optimistic, with the sector expected to reach $41.6 billion by 2021, growing more than 5-fold to reach $ 217.7 billion during the 2021-2031 forecast period.

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competitive landscape

Major service providers rely on the introduction of new software that facilitates advanced damage detection systems, based on cloud and artificial intelligence approaches. Notable developments in recent months include the following:

In January 2021, Harman International Industries Inc. announced the introduction of HARMAN Turbo Connect (TBOT). The software anticipates and mitigates connectivity discrepancies on the road. This addition to the current portfolio meets the current demand for high-speed connectivity with low latency, especially when used with 5G-enabled technologies, including its Smart Conformal Antenna
In November 2021, Robert Bosch GmbH introduced its Ridecare services, equipped with a sensor box, to detect damage to a vehicle and smoke inside the vehicle. The sensor implements cloud-based data analysis using artificial intelligence, providing insight into whether a vehicle has been damaged or someone has smoked in it. Pilot projects have been launched in North America, Asia and Germany

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Main companies profiled:

Harman International Industries, Inc.
Magneti Marelli SpA
AirBiquity Inc.
Verizon Telematics, Inc.
TomTom NV
Limited Masternaut
Trimble Inc.
Visteon Corporation
Robert Bosch GmbH
Delphi Automotive Plc. Key segments covered

Product type
- Integrated automotive telematics
- Integrated automotive telematics
- Tethered automotive telematics
Services
- Security and Protection Automotive Telematics
- Computer science and technology Automotive Telematics
- Entertainment and Remote Diagnostics Automotive Telematics
vehicle type
- Automotive telematics for passenger cars
- Automotive telematics for light commercial vehicles
- HCV automotive telematics
Sales channel
- Automotive telematics sales through OEM
- Automotive Telematics via Aftermarket

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Questionnaire Answers in Automotive Telematics Market Report Include:

How has the Automotive Telematics market grown?
What is the present and future prospect of global automotive telematics by region?
What are the challenges and opportunities for Automotive Telematics?
Why is Automotive Telematics consumption higher in the region?
In which year is the segment expected to surpass the segment?

What sets the Fact.MR report apart from others?

MR follows a six-point mechanism known as EVOLVE (Assess. Visualize. Surpass. Exploit. Verify. Eradicate.) . The report has been specially created to assess the impact of COVID-19 on the Automotive Telematics market. This mechanism focuses on almost all factors in a definite way to provide the best research report for the market stakeholders.
Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Automotive Telematics market, thereby making it different and special from other reports.
Visualize: Authors involved in the research activities have visualized the post-COVID-19 era so that key market stakeholders have an overview and help them take certain steps to ensure continued growth during the forecast period.
Overcoming: The report examines the points that can prove to be an Achilles heel for the Automotive Telematics market and helps in making strategies to overcome the obstacles that can hinder the growth of the Automotive Telematics market.
Leverage: Automotive Telematics market can leverage some aspects that can prove beneficial in increasing the growth rate. Fact.MR covers all points that key stakeholders can leverage.
Verification: Research is carried out systematically to ensure validation of all aspects covered in the report. All points are double checked and verified thoroughly to avoid defects and false information.
Eradicate – Last but not the least, this aspect helps the key stakeholders in eradicating all obstacles standing between the growth rate and Automotive Telematics market.

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