Automotive Telematics System Market 2021 Strategic Assessment- inental AG, Robert Bosch GmbH, Clarion Co. Ltd (Faurecia Clarion Electronics), Actia Group, Octo Telematics

The report presents an in-depth assessment of the Automotive Telematics System Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Automotive Telematics System from 2021 till 2025. The report covers the pre COVID-19 historic data, impact of COVID-19 and post-COVID-19 (Corona Virus) impact on various regions and major countries and on the future development of the industry is pointed out.

The global automotive telematics system market is expected to register a CAGR of 5.2%, 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 Automotive Telematics System Market: Continental AG, Robert Bosch GmbH, Clarion Co. Ltd (Faurecia Clarion Electronics), Actia Group, Octo Telematics, Magnetic Marelli SpA, Valeo Group, NavInfo Co. Ltd, Ficosa International SA and others.

Market Overview:

- The market is primarily driven by technological improvements, aimed at enhancing the overall in-vehicle experience of the passengers and bringing about a greater degree of interaction within and among the vehicles.
- In addition, the market is driven by strict safety norms, increased safety awareness, and affordability to adopt few features of the telematics systems.
- However, the installation of a few advanced telematics infrastructure in the vehicles continues to be expensive.
- The use of automotive telematics in EVs is also expected to propel the growth of the market, over the coming years. The leading vendors are looking forward to leveraging the opportunities presented by the introduction of electric vehicles (EVs) in the market.
- Equipping the new vehicles with e-Call, as a mandate from the European Commission, has also helped in expanding the telematics market in Europe. The region is also home to a number of automotive telematics hardware suppliers, located in the countries, like Germany, the United Kingdom, and Italy.

Regional Analysis For Automotive Telematics System Market:

North America (The United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Market Key Trends:

Safety and Security to Witness Faster Growth
Tracking stolen vehicles, automatically alerting the help centers in case of accidents, driver monitoring, and remote locking/unlocking of vehicles are the typical applications offered under the safety and security features of telematics devices.
To reduce road accidents, the governments are further raising the bar for the safety evaluation of the vehicles, as well as to reduce the turnaround time for medical help to vehicle operators, in case of emergencies.
Additionally, players in the automotive industry have been consistently working to improve vehicle safety and security features, by enhancing vehicle telematics technology, to meet the growing regulation standards in the respective regions.
- In July 2018, STMicroelectronics announced that it developed next generation, cost-effective, digit-input automotive audio amplifiers (namely FDA803D and FDA903D) for vehicle safety equipment, such as telematics and emergency e-call equipment, acoustic vehicle alerting systems (AVAS) in hybrid and electric vehicles, and also enhanced high-end infotainment systems. These devices hold certifications by ISO 26262 ASIL (Automotive Safety Integrity Level).

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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 Global Automotive Telematics System 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.

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.

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