Press release
Automotive OEM Telematics Industry Growth Trends and Competitive Analysis 2018-2025
In terms of consumption side, this report focuses on the consumption of Automotive OEM Telematics by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc. According to a new research report, the number of telematics service subscribers using embedded systems will grow at a compound annual growth rate (CAGR) of 39.9 percent from 9.5 million subscribers at the end of 2017 to 153.4 million subscribers at the end of 2020. Moreover, the author forecasts that shipments of embedded car OEM telematics systems worldwide will grow from almost 11.1 million units in 2014 at a CAGR of 31.1 percent to reach 56.0 million units in 2020.
Telematics is a user-friendly technology that has gained popularity among end users. In addition to the aforementioned advantages, increasing awareness among customers could is expected to be a major driver during the forecast period. Technological advancements adopted by the automakers have enabled customers to remotely connect to their vehicles. Moreover, this technology helps customers to gain control of the vehicle, which relays timely information on the performance of the vehicle. In addition to the vehicle manufacturers operating in the telematics market, the telematics equipment manufacturers significantly contribute to market expansion.
The major factors that drive the telematics market are safety and security concerns, 24×7 connectivity, superior driving features, provision of online vehicle diagnostics & maintenance alerts, advanced connectivity solutions, and others. On the other hand, restraints associated with telematics market are the additional expenses borne by the customer for availing the telematics services, threat of hackers breaching the security and accessing data or causing nuisance to the vehicle system, non-availability of uninterrupted & seamless connectivity, and lack of awareness among customers in certain regions.
The Automotive OEM Telematics market was valued at 4830 Million US$ in 2017 and is projected to reach 26000 Million US$ by 2025, at a CAGR of 23.4% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Automotive OEM Telematics.
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This report includes the following manufacturers; we can also add the other companies as you want.
Verizon
Harman
TomTom
AT&T
Vodafone Group PLC
Ford Motors Co.
BMW
Telefonica
Market Segment by Product Type
Solutions
Services
Market Segment by Application
Passenger Cars
HCV
LCV
MCV
The study objectives are:
To analyze and research the global Automotive OEM Telematics status and future forecast, involving capacity, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
To present the key Automotive OEM Telematics manufacturers, capacity, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Automotive OEM Telematics are as follows:
History Year: 2013-2018
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
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