Asia-Pacific Telematics Market Analysis by Recent Developments and Overview Outlook - 2025 | Meitrack Group, Guangzhou Xingwei Information Technology Co. Ltd

Asia-Pacific Telematics Market - Growth, Trends, and Forecasts (2020 - 2025)

The Asia-Pacific Telematics Market research report 2020 provides a basic overview of the industry including definitions, classifications, applications, and industry chain structure. The Asia-Pacific Telematics market report provides information regarding market size, share, trends, growth, cost structure, Asia-Pacific Telematics market competition landscape, market drivers, challenges and opportunity, capacity, revenue, and forecast 2025.

The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, current trends of the past and present times, supervisory scenario & technological growth. This report also includes the overall and comprehensive study of the Asia-Pacific Telematics market with all its aspects influencing the growth of the market. This report is exhaustive quantitative analyses of the Asia-Pacific Telematics industry and provides data for making strategies to increase market growth and effectiveness.

Scope of the report:

The report evaluates the growth rate and the Market value based on Market dynamics, growth inducing factors. The complete knowledge is based on the latest industry news, opportunities, and trends. The report contains a comprehensive Market analysis and vendor landscape in addition to a SWOT analysis of the key vendors.

The Asia-Pacific telematics market is expected to register a CAGR of 10.5 during the forecast period 2020 - 2025.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Asia-Pacific Telematics Market: Meitrack Group, Guangzhou Xingwei Information Technology Co. Ltd, Shenzhen Huabao Electronic Technology Co. Ltd, MiX Telematics Ltd, Concox Information Technology Co. Ltd, Trimble Inc., Arya Omnitalk Wireless Solutions Private Limited, iData Kft (iTrack), Bright Box Hungary Kft, Tata Consultancy Services Ltd, Efkon India Pvt Ltd, Tech Mahindra Limited, and others.

Key Market Trends

Passenger Car Segment To Drive The Market Growth

- The passenger car segment is expected to remain the major segment for the Asian telematics market, owing to a high sales rate. The passenger segment is mainly driving, owing to an increase in demand for safety and convenience telematics services. Countries, like China, India, Australia, Japan, among others, have major markets for passenger vehicles, and also the safety regulations for these vehicles are more stringent in these countries, which lead to the demand for high-end telematics services and connectivity solutions.

- The demand for self-driving cars in the region, making the OEMs introduce advanced telematics technologies and services which is expected to increase the market of the passenger car market. The Bengaluru-based (India) startup, iTriangle, is offering cloud-based telematics software solutions for manufactures its own IoT based tracking device. The company is highly optimistic about passenger car segments and is increasingly targeting the segment.

- The Asia Pacific is one of the major regions for sensor fusion in autonomous applications, owing to the growing adoption of autonomous vehicles, stringent government regulation, and increasing dominance in the global semiconductor industry. This is further boosting the growth of telematics applications in passenger vehicles across the region.

- Also, the region's massive investment in 5G, along with promoting C-V2X, is further expanding the scope of automotive applications, such as autonomous driving, Vehicle-to-Everything (V2X), and MaaS market. Chipmakers are also active in this space. For instance, Qualcomm is working with over 30 Chinese automotive companies, including the China-based joint ventures, to demonstrate the commercial viability of C-V2X technology for autonomous and connected vehicles.

China is Expected to Hold a Major Market Share During the Forecast Period

- Due to the high degree of regulatory scrutiny and safety requirements in China, the automotive market is characterized by stringent qualification processes, zero-defect quality processes, functionally safe design architecture, high reliability, extensive design-in timeframes, and long product life cycles, which results in significant adoption of telematics solution in the sector.

- In regions, like Beijing, telematics is available to at around half of new vehicles, compared to around a quarter of them in Heilongjiang. Installation of embedded telematics in new vehicles witnessed a 30-40% increased in demand in 2019, compared to 2017. The country’s dominance in global automotive microcontrollers and microprocessors is also providing them the upper hand in the telematics control unit (TCU) manufacturing. The country’s recent investment in the 5G infrastructure market, (as a recovery step from COVID-19 outbreak), is further promoting the local manufacturing of 5G TCUs.

- However, the recent decline in automotive manufacturing and the COVID-19 outbreak could bring instability in the supply chain. For instance, Europe-based NXP Semiconductors NV is one of the major global suppliers of automotive semiconductors, generated around 50% of its revenue from automotive semiconductors (by operating segment) and China (by region) in 2018 and 2019. In 2019, the company also witnessed a decrease in revenue in the Automotive end market, Greater China’s lower demand from both OEM customers and distributors as a result of lower vehicle sales and lower vehicle production. Also, many Chinese local manufacturers are providing very low-cost products control units into the global and domestic markets.

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Influence of the Asia-Pacific Telematics market report

- Comprehensive assessment of all opportunities and risks in the Asia-Pacific Telematics market.

- Asia-Pacific Telematics market recent innovations and major events.

- A Detailed study of business strategies for the growth of the Asia-Pacific Telematics market-leading players.

- Conclusive study about the growth plot of the Asia-Pacific Telematics market for forthcoming years.

- In-depth understanding of Asia-Pacific Telematics market-particular drivers, constraints, and major micro markets.

- Favorable impression inside vital technological and market latest trends striking the market report.

What are the market factors that are explained in the report?

- Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

- Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

- Analytical Tools: The Asia-Pacific Telematics Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

Find out:

Asia-Pacific Telematics Market: Where are the opportunities? What does the future look like for the Asia-Pacific Telematics Market? What will be the market size in the next 5 years?
Market trends: What is driving the market? Where are the key players? What are their strategies? What is holding the market behind? Where is the industry heading for in the short and long-term? How are new developments expected to change the market?
Technology: How are RO and new brine concentration technologies shaping the market? What are the new revenue channels which companies can explore for growth?

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Note - All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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