Press release
Global Automotive Telematics Market Size Worth US$ 53,280 Million By 2022
Fact.MR
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Telematics has emerged as an important technology in the modern vehicular system. Automotive telematics has significantly boosted the functional capabilities of vehicles, making them more safe and connected. Currently, telematics is used in enhancing automotive safety, mapping and communication systems. Fact.MR’s new report reveals that the global market for automotive is set to increase at a robust CAGR of 24.2% over the forecast period (2017-2022) to reach a valuation of US$ 53,280 Mn. This growth will be facilitated by factors such as rising number of internet users, introduction of sophisticates communication systems, favorable government policies, and development of high-speed broadband networks.
Automotive Telematics Transforming Vehicular Safety and Security Services
Based on services, safety & security is expected to remain one of the most attractive segments during the forecast period. In terms of revenue, the safety & security segment is expected to command for close to two-third share of the market towards the end of 2017. Use of automotive telematics is also expected to increase in other services such as information & navigation, and entertainment & remote diagnostics in near future.
Based on products type, the embedded segment is expected to grow from US$ 9,109.4 Mn in 2017 to US$ 23,701.5 Mn by 2022-end, reflecting a robust CAGR. In terms of revenue, this segment is projected to command for around half of the market value by 2017-end. Meanwhile, the tethered segment is anticipated to register the fastest CAGR over the forecast period.
Telematics Continue to Improve the Various functionalities of Passenger Cars
Based on vehicles types, the passenger car segment currently commands for around 57.9% revenue share of the market and is expected to reach a high market valuation by 2022-end. This is primarily owing to growing demand for integrated wireless communication platforms in vehicles by passenger and drivers. In addition, the passenger car segment is likely to create an impressive absolute $ opportunity between 2017 and 2022.
Based on sales channel, the OEM segment is projected to account for relatively higher share of the market as compare to the aftermarket segment. OEMs remain a key sales channel as leading carmakers are increasingly entering into collaborations and partnerships with telematics component developers and manufacturers.
Competition Tracking
Some of the top companies operating in the global telematics market include Harman International Industries, Incorporated, Trimble Inc, TomTom N.V, Masternaut Limited, Verizon Telematics, Inc, Airbiquity Inc., Visteon Corporation, Robert Bosch GmbH, Delphi Automotive Plc, and Magneti Marelli S.p.A. Many of these player are channelizing their investments in further product development and integration of other technologies in vehicle infotainment system.
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Table of Content
Chapter 1. Global Automotive Telematics Market - Executive Summary. 13
Chapter 2. Global Automotive Telematics Market Overview. 15
2.1. Introduction. 15
2.1.1. Global Automotive Telematics Market Taxonomy. 15
2.1.2. Global Automotive Telematics Market Definition. 15
2.2. Global Automotive Telematics Market Size (US$ Mn) and Forecast, 2012-2022. 15
2.2.1. Global Automotive Telematics Market Y-o-Y Growth. 15
2.3. Global Automotive Telematics Market Dynamics. 16
2.3.1. Restraints. 16
2.3.2. Trends. 16
2.4. Supply Chain. 17
2.5. Cost Structure. 17
2.6. Key Participants Market Presence (Intensity Map) By Region. 18
Chapter 3. Global Automotive Telematics Market Analysis and Forecast By Product Type. 19
3.1. Global Automotive Telematics Market Size and Forecast By Product Type, 2012-2022. 19
3.1.1. Embedded Automotive Telematics Market Size and Forecast, 2012-2022. 19
3.1.1.1. Revenue (US$ Mn) Comparison, By Region. 19
3.1.1.2. Market Share Comparison, By Region. 21
3.1.1.3. Y-o-Y growth Comparison, By Region. 21
3.1.2. Integrated Automotive Telematics Market Size and Forecast, 2012-2022. 22
3.1.2.1. Revenue (US$ Mn) Comparison, By Region. 22
3.1.2.2. Market Share Comparison, By Region. 24
3.1.2.3. Y-o-Y growth Comparison, By Region. 24
3.1.3. Tethered Automotive Telematics Market Size and Forecast, 2012-2022. 25
3.1.3.1. Revenue (US$ Mn) Comparison, By Region. 25
3.1.3.2. Market Share Comparison, By Region. 27
3.1.3.3. Y-o-Y growth Comparison, By Region. 27
Chapter 4. Global Automotive Telematics Market Analysis and Forecast By Services. 29
4.1. Global Automotive Telematics Market Size and Forecast By Services, 2012-2022. 29
4.1.1. Safety & Security Automotive Telematics Market Size and Forecast, 2012-2022. 29
4.1.1.1. Revenue (US$ Mn) Comparison, By Region. 29
4.1.1.2. Market Share Comparison, By Region. 31
4.1.1.3. Y-o-Y growth Comparison, By Region. 31
4.1.2. Information & Navigation Automotive Telematics Market Size and Forecast, 2012-2022. 32
4.1.2.1. Revenue (US$ Mn) Comparison, By Region. 32
4.1.2.2. Market Share Comparison, By Region. 34
4.1.2.3. Y-o-Y growth Comparison, By Region. 34
4.1.3. Entertainment & Remote Diagnostics Automotive Telematics Market Size and Forecast, 2012-2022. 35
4.1.3.1. Revenue (US$ Mn) Comparison, By Region. 35
4.1.3.2. Market Share Comparison, By Region. 37
4.1.3.3. Y-o-Y growth Comparison, By Region. 37
Continue…@@
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Automotive Market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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