Automotive OEM Telematics Market Size, Trends, Future Forecast 2026

Automotive OEM Telematics Market Overview

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.

Get Detailed Analysis of COVID-19 Impact on Automotive OEM Telematics Market @ https://reports.valuates.com/request/sample/QYRE-Auto-38E2507/Covid_19_Impact_on_Automotive_OEM_Telematics_Market

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.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-38E2507/covid-19-impact-on-automotive-oem-telematics

This report provides a complete quantitative data and qualitative analysis on the global market for Automotive OEM Telematics. Market size is analysed by country, product type, application, and competitors. Expanded coverage includes additional end-user industry breakdowns and in-depth producer profiles.

Prior to COVID-19, the global Automotive OEM Telematics market size was anticipated to grow from USD XX million in 2020 to USD XX million by 2026; it is expected to grow at a CAGR of xx% during 2021-2026, whereas post-COVID-19 scenario, the market for Automotive OEM Telematics is projected to grow from USD XX million in 2020 (a change by ~XX% compared to market estimated for 2020 before the outbreak of COVID-19) to US$ XX billion by 2026; it is expected to grow at a CAGR of XX% during 2021-2026.

Key market players

Major competitors identified in this market include Verizon, Harman, TomTom, AT&T, Vodafone Group PLC, Ford Motors Co., BMW, Telefonica, MiX Telematics, Trimble Navigation Limited, etc.


Based on the Region:

o Asia-Pacific (China, Japan, South Korea, India and ASEAN)
o North America (US and Canada)
o Europe (Germany, France, UK and Italy)
o Rest of World (Latin America, Middle East & Africa)

Based on the Type:

o Solutions
o Services

Based on the Application:

o Passenger Cars
o HCV
o LCV
o MCV
o Two-wheelers

Valuates Reports
sales@valuates.com
For U.S. Toll Free Call +1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp : +91-9945648335

Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
Linkedin - https://in.linkedin.com/company/valuatesreports
Facebook - https://www.facebook.com/valuatesreports/

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains detail research methodology employed to generate the report, Please also reach to our sales team to get the complete list of our data sources

This release was published on openPR.