Automotive Embedded Telematics Market, Sector / Industry Report & Analysis, 2018-2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Automotive Embedded Telematics Market, Sector / Industry Report & Analysis, 2018-2025 Market


The global automotive embedded telematics market size was USD 8.73 billion in 2017. It is anticipated to expand at a CAGR of 20.9% over the forecast period. Rising integration of wireless communication with automotive, need for fleet management, and the extensive adoption of advanced driver assistance systems are expected to fuel the market growth. Installation of these systems in passenger and commercial vehicles is expected to reduce road accidents and offer a greater level of passenger security.
Stringent government policies pertaining to the installation of vehicle safety systems are anticipated to play a noticeable role in driving market growth. Rising emphasis laid on research and development initiatives and safety rating upgrades are also contributing to the market expansion.

  
An increase in sales of passenger vehicles, Sports Utility Vehicles (SUVs), and high-end luxury vehicles is expected to be a significant growth driver for the automotive embedded telematics market. The automobile manufacturers are integrating these systems with a view to enhance vehicle safety and security. For instance, Toyota launched the Toyota Safety Connect and Toyota Fleet Management that offers an array of beneficial features and services including emergency assistance, stolen vehicle locator, automatic collision notification, roadside assistance, and monitoring of driver behavior.
The need for safety and operational efficiency is expected to encourage companies to adopt embedded telematics technologies. Furthermore, these technologies help users to aggregate comprehensive vehicle information related to vehicle components, physical proximity to other vehicles, and roadside devices. The aggregated information can be used to improve troubleshooting in the event of a mishap or component malfunction, thereby, improving efficiency of logistics.
The leading companies are investing in research and development (R&D) to design, develop, and test the systems. They form partnerships to strengthen their competencies and to share resources and expertise. Furthermore, the collaborations strengthen a company’s operational capacity.

Market Segmentation, Outlook & Viewpoint: Automotive Embedded Telematics Market, Sector / Industry Report & Analysis, 2018-2025 Market


This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global automotive embedded telematics marketreport based on component, solution, application, and region:

Component Outlook (Revenue, USD Million, 2014 - 2025)

Hardware

Service

Connectivity

Solution Outlook (Revenue, USD Million, 2014 - 2025)

Safety & Security

Information & Navigation

Entertainment

Remote Diagnostics

Application Outlook (Revenue, USD Million, 2014 - 2025)

Passenger Cars

Commercial Vehicles



Key Players, Recent Developments & Regional Insights: Automotive Embedded Telematics Market, Sector / Industry Report & Analysis, 2018-2025 Market


The increasing penetration of international automotive brands for instance- BMW and Ford- in developing regions, is expected to encourage the adoption of automotive embedded telematics systems in vehicles for entertainment and navigation applications. Moreover, connectivity of mobile devices with these systems is anticipated to encourage its demand for passenger cars. Furthermore, the demand for mid-sized cars is expected to boost the market growth over the forecast period.

  
The commercial vehicles segment is projected to witness substantial growth in the forthcoming years, owing to development of transport infrastructure, chiefly in developing regions. The development is expected to encourage the adoption of embedded telematics systems for navigation and communication applications. Moreover, automotive embedded telematics are also used for monitoring driver behavior in various commercial vehicles such as trucks, vans among others.

Regional Insights


North America and Europe are well-established and dominant regional markets that exhibit the pervasive application of automotive embedded telematics systems. Installation of advanced safety systems has been mandated by governments through various regulations. For instance, the European Road Safety Action Programme (ERSAP) issued a regulation to incorporate the eCall technology for driver assistance in new vehicles. North America and Europe are expected to account for a considerable market share on account of their stringent road safety standards and regulations focused predominantly on passenger safety.
Asia Pacific is expected to witness notable growth owing to the increase in disposable incomes in emerging economies such as China and India, which in turn, leads to a rise in vehicle sales. The rise in vehicle sales and disposable incomes, generates a complementary demand for advanced automotive solutions such as stolen vehicle tracking and vehicle diagnostic systems highly beneficial in navigation and telematics applications. Technological advancements such as upgraded graphic user interfaces, voice recognition capabilities, and intuitive touchscreens are also anticipated to act as growth drivers for this market over the forecast period.
Automotive Embedded Telematics Market Share Insights
The leading market players include Ford Motor Company, Continental AG, General Motors Company, TomTom Telematics BV, Hyundai Motor Company, Toyota Motor Corporation, MiX Telematics International Ltd., INFINITI Motor Company Ltd., BMW Group, and Verizon Connect. Top companies are extensively investing in research and development to proffer and develop differentiated and cost-effective solutions pertaining to vehicle safety and security.
The companies are also establishing impeccable production infrastructure. For instance, Continental AG and Toyota Motor have established a formidable market presence on account of their strong R&D capabilities and production facilities. These companies place special emphasis on product innovation and effective distribution through strong network partners in multiple countries such as the U.S., Germany, India, and Brazil, among others.

Key Insights Covered: Global Automotive Embedded Telematics Market, Sector / Industry Report & Analysis, 2018-2025 Market
1.  Market size (sales, revenue and growth rate) of Automotive Embedded Telematics Market, Sector / Industry Report & Analysis, 2018-2025 industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Automotive Embedded Telematics Market, Sector / Industry Report & Analysis, 2018-2025 industry.
3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Automotive Embedded Telematics Market, Sector / Industry Report & Analysis, 2018-2025 industry.
4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of Automotive Embedded Telematics Market, Sector / Industry Report & Analysis, 2018-2025 industry.

Research Methodology: Automotive Embedded Telematics Market, Sector / Industry Report & Analysis, 2018-2025 Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
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