Telematics Solutions Market

Telematics is a communication technology that is used to monitor the extensive range of information associated with the vehicle of an individual or a complete fleet. This technology is the conjunction of two fields Telecommunications and information technologies and assimilates the information that is passing to and from the vehicles by a wireless network to offer smart automation, and the information can be driver behavior, vehicle location, vehicle activity, or engine diagnostics. The telematics solutions permit the receiving, sending, and storing of the car information by the use of a telecommunication device that is deployed in the car.

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The major factors driving the growth of the global telematics solutions market include the rise in the research & development activities and technological advancements which is leading to the implementation of cutting-edge technologies such as the application of IoT surging the adoption of telematics solutions as a result of better responsiveness, increased performance, and enhanced driver safety systems. Moreover, the rising government efforts and initiatives to encourage the implementation of intelligent transport system technology in order to increase the safety & reliability and the rising inclination towards the connectivity solutions in the vehicles are some other factors that are surging the market’s growth. The increasing penetration of the internet and smartphones is leading to an increase in the consumer demand for the adoption of smartphone features in the car and the several benefits of using telematics solutions such as increased efficiency, enhanced safety, reduced cost of operation, ability to monitor the safety habits, and optimized vehicle performance are attracting a large number of consumers into the market. The factors that are restraining the growth of the global telematics solutions market include the high cost of installation and the lack in the presence of continuous or uninterrupted internet connectivity.

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Based on the services, the Vehicle Tracking/Recovery (Fleet Management) segment is anticipated to grow at a higher CAGR over the forecast period owing to the rise in the adoption of this service as it provides various benefits such as increases the efficiency, reduces the running cost, enhances the safety, is further encouraging the consumers to opt for this type of service over the coming years.

Based on the form factor, the embedded segment is expected to increase at a higher compound annual growth rate during the forecast period due to the increasing demand for the embedded telematics systems as a result of the increasing penetration of cloud-based services and mandatory government regulations to maintain the safety standards.

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Based on the region, Asia-Pacific is anticipated to dominate the market during the forecast period owing to the rising adoption of the telematics solutions as a result of various government regulations in order to increase the security and safety in vehicles. Furthermore, the inclination of customers towards connected driving experience, economic growth, and advancements in the automotive sector are also some other factors that are accelerating the demand for the telematics solution in this region.

Various notable players operating in the market include LG Electronics, Continental AG, HARMAN International, Verizon, Visteon Corporation, Delphi Technologies, TomTom International BV., Marelli Holdings Co., Ltd., Robert Bosch GmbH, and Qualcomm Technologies, Inc., among others.

Key Developments:

• • In 2019, LG Electronics expanded its partnership with BlackBerry Limited to accelerate the implementation of autonomous and connected vehicle technology for automotive suppliers and OEMs worldwide. In this partnership, the company utilizes the range of QNX software and services of BlackBerry to develop next-generation digital consolidated cockpits including telematics systems, infotainment systems, and digital instrument clusters.
  • In 2019, HARMAN International launched a 5G-ready telecommunications control unit as the latest approach for vehicle connectivity, which modernizes the innovative technology in the vehicles. This solution offers scalable mobile network connectivity for the connected cars by using either 4G or faster 5G network infrastructure.

The global telematics solutions market has been segmented on the basis of the services, form factor, components, vehicle type, connectivity, aftermarket, type, and region. Based on the services, the market is segmented into emergency calling, automatic crash notification, on-road assistance, navigation & infotainment, vehicle tracking/recovery (fleet management), remote diagnostics, driver behavior, insurance risk assessment, billing services, and others. Based on the form factor, the market is segmented into tethered, embedded, and integrated. Based on the components, the market is segmented into the navigation System, telematics control unit (TCU), audio/video interface, communication devices, and can bus. Based on the vehicle type, the market is segmented into LCV, passenger cars, truck, and bus. Based on the connectivity, the market is segmented into cellular technology and satellite technology. Based on the aftermarket, the market is segmented into LCV aftermarket, passenger car aftermarket, bus aftermarket, and truck aftermarket. Based on the type, the market is segmented into implementation, consulting, and maintenance.

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Key questions answered in this research report:

• • At what pace is the global telematics solutions market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global telematics solutions market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global telematics solutions market?
  • Which type generated maximum revenues in 2019 and identify the most promising type during the forecast period?
  • What are the various components of the telematics solutions, and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Services, By Form Factor, By Components, By Vehicle Type, By Connectivity, By Aftermarket, By Type, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	LG Electronics, Continental AG, HARMAN International, Verizon, Visteon Corporation, Delphi Technologies, TomTom International BV., Marelli Holdings Co., Ltd., Robert Bosch GmbH, and Qualcomm Technologies, Inc., among others; a total of 10 companies covered
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Telematics Solutions Market by Services

• • Emergency Calling
  • Automatic Crash Notification
  • On-road Assistance
  • Navigation & Infotainment
  • Vehicle Tracking/Recovery (Fleet Management)
  • Remote Diagnostics
  • Driver Behavior
  • Insurance Risk Assessment
  • Billing Services
  • Others

Global Telematics Solutions Market by Form Factor

• • Tethered
  • Embedded
  • Integrated

Global Telematics Solutions Market by Components

• • Navigation System
  • Telematics Control Unit (TCU)
  • Audio/Video Interface
  • Communication Devices
  • Can Bus

Global Telematics Solutions Market by Vehicle Type

• • LCV
  • Passenger Cars
  • Truck
  • Bus

Global Telematics Solutions Market by Connectivity

• • Cellular Technology
  • Satellite Technology

Global Telematics Solutions Market by Aftermarket

• • LCV Aftermarket
  • Passenger Car Aftermarket
  • Bus Aftermarket
  • Truck Aftermarket

Global Telematics Solutions Market by Type

• • Implementation
  • Consulting
  • Maintenance

Global Telematics Solutions Market by Region

• • North America Telematics Solutions Market (Option 1: As a part of the free 25% customization)
    • North America Telematics Solutions Market by Services
    • North America Telematics Solutions Market by Form Factor
    • North America Telematics Solutions Market by Components
    • North America Telematics Solutions Market by Vehicle Type
    • North America Telematics Solutions Market by Connectivity
    • North America Telematics Solutions Market by Aftermarket
    • North America Telematics Solutions Market by Type
    • US Telematics Solutions Market All-Up
    • Canada Telematics Solutions Market All-Up
  • Europe Telematics Solutions Market (Option 2: As a part of the free 25% Customization)
    • Europe Telematics Solutions Market by Services
    • Europe Telematics Solutions Market by Form Factor
    • Europe Telematics Solutions Market by Components
    • Europe Telematics Solutions Market by Vehicle Type
    • Europe Telematics Solutions Market by Connectivity
    • Europe Telematics Solutions Market by Aftermarket
    • Europe Telematics Solutions Market by Type
    • UK Telematics Solutions Market All-Up
    • Germany Telematics Solutions Market All-Up
    • France Telematics Solutions Market All-Up
    • Spain Telematics Solutions Market All-Up
    • Rest of Europe Telematics Solutions Market All-Up
  • Asia-Pacific Telematics Solutions Market (Option 3: As a part of the free 25% Customization)
    • Asia-Pacific Telematics Solutions Market by Services
    • Asia-Pacific Telematics Solutions Market by Form Factor
    • Asia-Pacific Telematics Solutions Market by Components
    • Asia-Pacific Telematics Solutions Market by Vehicle Type
    • Asia-Pacific Telematics Solutions Market by Connectivity
    • Asia-Pacific Telematics Solutions Market by Aftermarket
    • Asia-Pacific Telematics Solutions Market by Type
    • China Telematics Solutions Market All-Up
    • India Telematics Solutions Market All-Up
    • Japan Telematics Solutions Market All-Up
    • Rest of APAC Telematics Solutions Market All-Up
  • RoW Telematics Solutions Market (Option 4: As a part of the free 25% Customization)
    • RoW Telematics Solutions Market by Services
    • RoW Telematics Solutions Market by Form Factor
    • RoW Telematics Solutions Market by Components
    • RoW Telematics Solutions Market by Vehicle Type
    • RoW Telematics Solutions Market by Connectivity
    • RoW Telematics Solutions Market by Aftermarket
    • RoW Telematics Solutions Market by Type
    • Brazil Telematics Solutions Market All-Up
    • South Africa Telematics Solutions Market All-Up
    • Saudi Arabia Telematics Solutions Market All-Up
    • UAE Telematics Solutions Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Telematics Solutions Market All-Up

Global Telematics Solutions Leading Market Players (Option 5: As a part of the free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • LG Electronics
  • Continental AG
  • HARMAN International
  • Verizon
  • Visteon Corporation
  • Delphi Technologies
  • TomTom International BV.
  • Marelli Holdings Co., Ltd.
  • Robert Bosch GmbH
  • Qualcomm Technologies, Inc.