The Business Research Company’s Automotive Telematics Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Automotive Telematics Global Market Report 2023 evaluates automotive telematics market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global automotive telematics market is expected to grow from $342,035.4 million in 2027 at a rate of 27.7%. The market is then expected to grow at a CAGR of 27.2% from 2027 and reach $1,137,846.0 million in 2032.
During the forecast period, the rising demand for electric vehicles (EV) will support the growth of the automotive telematics market. The use of different types of technologies to handle different operations like automobiles electrical systems and applications has increased rapidly. Automotive telematics are integrated with new technologies for the new product innovations to get the vehicle and owner data from the vehicles. For example, according to data from ZD NET, a UK based business technology news website, China has the largest and fastest-growing EV market in the world. 2.4 million EVs were delivered to customers in mainland China in H1 2022, equating to 26% of all car sales in China. In the first half of 2021, electric cars only made up 10% of China’s car sales, but the demand doubled in one year. In addition, according to Times of India, an India based English-language daily newspaper and digital news media company, retail sales of electric vehicle (EVs) clocked 390,399 units in the first half (1H) of 2022.This represents a 333% year-over-year (YoY) growth compared to the 90,102 units sold in the same period in 2021. Therefore, the rising demand for electric vehicles is expected to drive the automotive telematics market.
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The automotive telematics market segments in the report are:
1) By Connectivity Solutions Type: Embedded; Integrated; Tethered
2) By Vehicle Type: Commercial Vehicles; Passenger Vehicles
3) By Application Type: Fleet/Asset Management; Navigation And Location-Based System; Infotainment System; Insurance Telematic; Safety And Security; Other Applications
4) By Sales Channel Type: Original Equipment Manufacturer (OEM); Aftermarket
The table of contents in TBRC’s automotive telematics market report includes:
- Executive Summary
- Table Of Contents
- List Of Figures
- List Of Tables
- Report Structure
- Introduction and Market Characteristics
- Major Market Trends
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- Opportunities And Strategies
- Automotive Telematics Market, Conclusions And Recommendations
- Appendix
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