Southeast Asia Automotive OEM Telematics Market Size to reach $ 5,556.76 million in 2025, registering a CAGR of 19.3%

The Southeast Asia automotive OEM telematics market was valued at $1,180.10 million in 2016, and is projected to reach $ 5,556.76 million in 2025, registering a CAGR of 19.3%.

The COVID-19 crisis augmented the 2019 global economic slowdown and further reduced the manufacturing and sales of automotive OEM telematics and automotive parts in Southeast Asia. Multiple original equipment manufacturers (OEMs) closed or cut down their productions temporarily or in some cases, even permanent closure of the operating plant was observed in the region. However, with the increasing efforts regarding the stabilization and boosting the economies by the governments, the Southeast Asian Automotive OEM Telematics market is expected to witness a significant growth soon.

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Automotive telematics is a communication technology designed for the automobile industry and is based on the data transmitted and generated from automobiles through wireless networks. It is the amalgamation of location technology, in-vehicle electronics, and wireless communications, leading the automobile industry into hi-tech transformation. Data is either produced in the vehicle and gets transmitted back to the base station/backend office systems or the backend office pushes data, such as weather forecasts, stock updates, and maps, to the vehicle-installed telematics device. This transmission of data takes place either via the unit fitted in the vehicle itself or through the cell phone. The exchange of data and location tracking for the automobile takes place through a network of satellite systems and cellular towers.

The flourishing transport & logistics sector in Southeast Asian countries and increasing use of cloud-based technology for automotive telematics solution are expected to drive the automotive OEM telematics market growth over the forecast period. However, high costs associated with automotive telematics and the threat of vehicle hacking are anticipated to hamper the growth of the market during the forecast period. Moreover, smart transportation system and rising demand for connected vehicles are expected to offer lucrative opportunities for the market in future.

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The Southeast Asia automotive OEM telematics market is segmented into solution, channel, vehicle type, and country. Based on solution, it is further divided into telematics insurance, fleet/vehicle management, telematics maintenance, location information services, infotainment, in car marketing, smart contracts, and others. Based on channel, the market is bifurcated into OEM and direct sales. The direct sales segment is further categorized into logistics, public transport, ride hailing/taxi, and others. Depending on vehicle type, it is fragmented into HCV, MCV, LCV/vans, bus, taxis or ride hailing, and others. Country-wise, the market is analyzed across the Philippines, Vietnam, Thailand, and Indonesia.

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KEY BENEFITS FOR STAKEHOLDERS

o This study presents the analytical depiction of the Southeast Asia automotive OEM telematics market analysis along with the current trends and future estimations to depict imminent investment pockets.
o The overall Southeast Asia automotive OEM telematics market opportunity is determined by understanding profitable trends to gain a stronger foothold.
o The report presents information related to the key drivers, restraints, and opportunities of the Southeast Asia automotive OEM telematics market with a detailed impact analysis.
o The current Southeast Asia automotive OEM telematics market is quantitatively analyzed from 2020 to 2025 to benchmark the financial competency.
o Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry. 

KEY MARKET SEGMENTS

By Solution

o Telematics Insurance
o Fleet/Vehicle Management
o Telematics Maintenance
o Location Information Services
o Infotainment
In Car Marketing
o Smart Contracts
o Others

By Channel

o OEM
o Direct Sales
o Logistics
o Public Transport
o Ride Hailing/Taxi
o Others

By Vehicle Type

o HCV
o MCV
o LCV/Vans
o Bus
o Taxis or Ride Hailing
o Others

By Country

o Philippines
o Vietnam
o Thailand
o Indonesia

KEY PLAYERS

o AT&T Inc.
o Robert Bosch GmbH
o Continental AG
o Harman International
o LG Electronics Inc.
o Texas Instruments Incorporated
o UD Trucks Corp.
o Valeo
o Verizon Communications Inc.
o Webfleet Solutions B.V.

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This release was published on openPR.