Automotive Telematics Market 2022- By Demand, Leading Companies, Industry Insights, Future Opportunities and Forecast to 2031

The Report Automotive Telematics Market study by "Transparency Market Research" provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years.

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Companies Profile:
Agero Inc.,Clarion Co., Ltd.,Continental AG,Delphi Technologies,Denso Corporation,Embitel Technologies,HARMAN International,Inseego Corp,Intel Corporation,LG Electronics,Luxoft,Magneti Marelli S.p.A.,Masternaut Limited,Microlise Limited,NTT Docomo Inc.,Omnitracs, LLC,Panasonic Corporation,Qualcomm Technologies, Inc.,Robert Bosch GmbH,TomTom International B.V.,Trimble Inc.,Valeo,Verizon Communications Inc.,Vodafone Automotive SpA

Automotive telematics is a vehicle communication technology that employs GPS technology, wireless connectivity, and telemetry to control wireless tracking, diagnostics, and communication to and from the vehicle. Telematics is a combination of two terminologies: 'telecommunication' and 'informatics'. Wireless telematics devices collect, process, and transmit data for vehicle use, maintenance requirements, and automotive servicing. Automotive telematics boxes, smartphone-based telematics devices, Bluetooth-powered telematics devices, OBD-II port telematics devices, and OEM telematics devices are various types of connected car telematics solutions.

Increase in Demand for Improved Connectivity and Intelligence in Vehicles Fueling Automotive Telematics Market
The automotive industry has always been witnessing a flurry of innovations. Automotive manufacturers are integrating IoT into vehicles to boost vehicle efficiency and safety. Telematics, once considered a niche feature, is gradually gaining traction in the automotive sector as consumers are increasingly preferring to buy vehicles with telematics capabilities. Significant developments in aftermarket car telematics technologies are paving the way for solutions offered by third-parties or aftermarket service providers. Commercial fleet operators are focused on reduction of operating costs and achieving their sustainability goals. This, in turn, is likely to boost demand for telematics solutions during the forecast period.

Rise in Adoption of Industry 4.0 in Automotive Sector
Emergence of Industry 4.0 has led to increase in adoption of automotive telematics systems such as vehicle tracking, satellite navigation, fleet management, and vehicle safety communication in the automotive sector. Expansion of 5G technology has enabled rapid and real-time data transmission across devices, thereby fueling the demand for autonomous technologies. OEMs are focused on transformation of the overall production process to become customer-centric, efficient in production, and flexible in business operations. Thus, surge in adoption of Industry 4.0. to boost product & process innovation and attain risk mitigation and cost optimization is expected to propel the automotive telematics market during the forecast period.

Rise in Demand for Integrated Telematics Technologies
Based on technology, the global automotive telematics market has been segmented into embedded, tethered, and integrated. The integrated segment is expected to hold major share of the automotive telematics market, owing to rise in adoption of telematics systems in Europe and North America. Most premium and mid-segment vehicle manufacturers are integrating automotive telematics systems in their vehicles. OEMs are increasingly preferring integrated technologies over their embedded counterparts.

Regional Outlook of Global Automotive Telematics Market
Asia Pacific is expected to dominate the global automotive telematics market during the forecast period. Rise in adoption of 5G services, expansion of the connected car devices market, and increase in investments in road infrastructure are driving the market worldwide. Major OEMs are adding infotainment systems and enhanced safety and security features to their mid-range vehicles, as consumers are increasingly aware about the safety of vehicles. China, India, and other countries in Asia Pacific are heavily investing in telecommunication and road infrastructure.

Europe and North America are highly developed regions in the market. However, the presence a smaller consumer base and low production of vehicles place these regions below Asia Pacific in terms of revenue generation. The market in Europe is driven by growth of the road safety market and the implantation of various road safety regulations in the region. New vehicles in the EU must be fitted with a 'black box' to record technical data. This mandate, effective from July 6, 2022, applies to all categories of cars including passenger cars and utility vehicles, but not yet to two-wheeled motor vehicles.

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