Robert Bosch GmbH (Germany) and Continental AG (Germany) are the Renowned Players in Telematics Solutions Market - Report by MarketsandMarkets™

According to recent research "Telematics Solutions Market for On & Off-Highway (Services-ACN, eCall, Navigation, RVD, On-Road Assistance, Tracking, Fuel Management, Maintenance, & Diagnostics), Form Factor, Hardware, Equipment Type, Technology, Aftermarket & Region - Forecast to 2022" Increasing demand of diagnostics data for predictive analytics by OEMs, enhanced user experience & convenience feature, government regulations pertaining to safety, integration of smartphone with vehicles and rising need of improved operational efficiency & profitability are the key drivers for Telematics Solutions OE market for on & off-highway vehicles. The market is projected to grow at a CAGR of 14.37%, to reach a market size of USD 40.84 Billion by 2022.

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On-highway vehicles are estimated to hold the largest share by Telematics Solutions services during the forecast period

With the rise in vehicle production, the demand of safety & comfort features has also increased among the users. Further, the constant increase in premium vehicles sales at a global level would influence the demand of Telematics Solutions. As per MarketsandMarkets analysis, the premium vehicle sales has increased from 20.5 million units in 2012 to 22.6 million units in 2016 at a CAGR of 2.44% over the period of four years. The significant rise is experienced in per capital income for countries such as China, Brazil, and India increased by approximately 68%, 17%, and 14% respectively from 2010 to 2015 as per World Bank. The substantial increase in premium vehicle sales and rise in disposable income will consequently increase the sales of medium and premium end vehicles that further fuels the Telematics Solutions market for on-highway vehicles

Telematics Solutions Control Unit for on-highway vehicles is estimated to be the fastest growing market from 2017 to 2022

The introduction of safety regulation such as eCall or stolen vehicle recovery in European region is one of the noticeable factors for this market. This mandate will make compulsory to install TCU in all passenger cars by 2018 within Europe. Also, some key automotive manufactures are offering their embedded services, especially in North American and European region. Some of them are General Motors - Onstar, Nissan - Connect, Mercedes-Benz- mbrace, BMW ConnectedDrive and Audi - Connect among others. Also, the sale of alternate fuel vehicles has been increased in the recent years. As per the International Energy Agency (IEA), the global BEV & PHEV sales were 753.2 thousand units in 2016 from 47.6 thousand units in 2011 grown at a CAGR of 73.74% over the last five years. As embedded telematics solutions are being provided in most of these vehicles, the market for embedded telematics solutions in electric vehicles is projected to grow in the coming years.

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North America: Largest Telematics Solutions market for On & Off-highway vehicles

The North America region is projected to be largest market for telematics solutions from 2017 to 2022. The market growth can be attributed to presence of prominent OEMs [General Motors (U.S.) & Ford Motor Company (U.S.)], strategic alliances, exceptional communication infrastructure and higher adoption rate of technological advancements and innovations witnessing the increased demand of premium cars with advanced safety and comfort features. These premium cars are equipped with telematics solutions to enhance user experience. Also, the telematics solutions are being gradually adopted in commercial vehicles to enhance safety. For instance, Volvo Trucks (U.S.), Freightliner (U.S.), and Peterbilt (U.S.) are offering telematics solutions for navigation, vehicle monitoring and diagnostics to optimize the performance. The other factor such as electronic logging device (ELD) mandate, Dedicated Short Range Communication (DSRC) mandate for LCV and increasing government funds for transport infrastructure. From 2014 onwards, the U.S. Department of Transportation (U.S. DOT) increased the transportation budget from USD 2.5 Billion to USD 3.0 billion annually. On the other hand, the continuous development by telematics solutions vendor such as Telogis Inc, Orbcomm Inc for off-highway vehicles will allow the sustainable growth in the coming years

The Telematics Solutions market is dominated by a few globally established players such as Robert Bosch GmbH (Germany), Continental AG (Germany), LG Electronics (South Korea), Verizon (U.S.), Harman International (U.S.), and Qualcomm Technologies, Inc. (U.S.).

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Robert Bosch GmbH (Germany) has adopted new product development as a primary strategy to retain its position in the telematics market. For instance, in September 2016, the company introduced a new telematics solution, which is used in workshops and fleet companies and is also available for small and medium-sized enterprises. In June 2016, the company developed an eCall cloud-based automatic emergency calling service in Japan. This service would be offered as OE hardware or can be available in the aftermarket. The company is currently offering eCall services in 41 countries worldwide and has decided to set up a facility in Japan to start the cloud-based service. Other than this, the company also adopted the strategies of collaboration and expansion to retain its position in the telematics market. In June 2017, it collaborated with TomTom International BV (Netherlands) to develop a new map named as “radar road signature” that uses radar signals. This map would be helpful for autonomous driving as it works at night and in poor visibility conditions. It will be initially available in the U.S. and Europe for location tracking. In September 2016, the company expanded in Southeast Asia by starting new offices in Philippines and Indonesia with an approximate expenditure of USD 90 million. The company is also expanding its manufacturing capacity to offer mobility solutions in Malaysia and Vietnam.

Continental AG (Germany) adopted a mix of several strategies such as partnerships, expansions, and new product development to strengthen its market position. In June 2017, it partnered with Carnegie Technologies (U.S.) to offer the ‘Network Convergence Platform’ for fast, reliable, and uninterrupted connectivity solutions. This network solution enables on-air updates for different Electronic Control Units (ECU) equipped in a vehicle and will be integrated with Continental’s telematics solution. In January 2017, it collaborated with NTT DoCoMo, Inc. (Japan) to develop advanced 5G networks to enhance the cellular based vehicle-to-everything (V2X) wireless technology. Under this collaboration, the company aimed to achieve 10 Gbps of downlink speed with reduced response time to ensure high-quality standards. In April 2017, it expanded its research and development capabilities by opening a new center with an area of 65,000 square feet in the Silicon Valley, California, U.S. It includes around 300 experts from all parts of the company that will work on its interior and mobility segment.

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