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Aftersale Car Telematics Market worth $38.78 billion by 2030, growing at a CAGR of 13.09% - Exclusive Report by 360iResearch
Aftersale Car Telematics Market | 360iResearch
The Global Aftersale Car Telematics Market to grow from USD 16.38 billion in 2023 to USD 38.78 billion by 2030, at a CAGR of 13.09%.
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Aftersale car telematics enables the implementation of advanced communication, diagnostic, and data-gathering technologies in vehicles after purchase. This is done by integrating specialized hardware devices such as onboard diagnostics (OBD) systems, GPS-based trackers, and wireless sensors with the vehicle's electronic control units (ECUs). A core element of this connectivity is the IoT (Internet of Things), which enables real-time transmission of information between vehicles, infrastructure, and service providers. The growing application of cloud-based technology in automotive, strict government mandates for vehicle safety, and consumer demand for improved entertainment and navigation system have significantly increased the demand for aftersale car telematics. However, the aftersale car telematics systems collect vast data about vehicle performance, driver behavior, and location. This sensitive information requires security and privacy to maintain customer trust. Furthermore, the emergence of connected cars and autonomous vehicles and rapid advancements in GPS and telematics solutions is expected to provide growth opportunities to the market.
The aftersale car telematics market has been experiencing significant growth in the APAC region owing to the increasing demand for connected vehicles, enhanced road safety measures, and advancements in data analytics. Governments in these regions have implemented strict vehicle emission regulations, increasing the emphasis on monitoring fuel efficiency via telematics devices. Furthermore, the increasing awareness of insurance telematics, such as usage-based insurance (UBI) among customers, is expected to boost the demand for aftermarket telematics services in the APAC region. In the Americas, advanced driver assistance systems (ADAS) are highly penetrating, which has boosted the demand for aftersale car telematics. The United States continues to lead this trend with the early adoption of innovative technologies such as Advanced Automatic Collision Notification (AACN) and Vehicle Health Monitoring Systems (VHMS). Additionally, popular ride-sharing platforms are also contributing to the increased implementation of fleet management services enabled by aftermarket telematics solutions to enhance vehicle productivity and fuel efficiency. The EMEA region showcases strong growth potential due to its well-established automotive market and high consumer interest in connected vehicles. European countries, including Germany and France, are at the forefront of promoting electric vehicles with built-in aftersale car telematics features that focus on battery health management. Moreover, stringent regulations imposed by governments regarding road safety have led to greater adoption of telematics-enabled vehicle tracking systems and eCall services in the EMEA region.
Market Segmentation & Coverage:
This research report categorizes the Aftersale Car Telematics Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Offering, market is studied across Hardware, Services, and Software. The Hardware is further studied across Audio/Video Interface, Communication Devices, Navigation Systems, and Telematic Control Unit. The Services is further studied across Consulting and Installation & Maintenance. The Hardware is projected to witness significant market share during forecast period.
Based on Application, market is studied across Diagnostics, Fleet Management, Infotainment & Navigation, and Safety & Security. The Safety & Security is projected to witness significant market share during forecast period.
Based on Vehicle Type, market is studied across Commercial Vehicles and Passenger Vehicles. The Passenger Vehicles is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Aftersale Car Telematics Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Aftersale Car Telematics Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Aftersale Car Telematics Market, highlighting leading vendors and their innovative profiles. These include Airbiquity Inc., Azuga Inc. by Bridgestone Company, CalAmp Corp., Cambridge Mobile Telematics, DRiV Incorporated, EDAG Group, EnVue Telematics, LLC, Fleet Complete, Geotab Inc., Inseego Corp., Lytx, Inc., MiX Telematics International (Pty) Ltd., Octo Group S.p.A., Our Kloud, Rarestep, Inc., Robert Bosch GmbH, Samsara Inc., Spireon, LLC, Telenav Inc., Teletrac Navman US Ltd., TomTom International BV, Trackunit Corporation, Verizon Communications Inc., and Zubie, Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Aftersale Car Telematics Market, by Offering
7. Aftersale Car Telematics Market, by Application
8. Aftersale Car Telematics Market, by Vehicle Type
9. Americas Aftersale Car Telematics Market
10. Asia-Pacific Aftersale Car Telematics Market
11. Europe, Middle East & Africa Aftersale Car Telematics Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Aftersale Car Telematics Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Aftersale Car Telematics Market?
3. What is the competitive strategic window for opportunities in the Aftersale Car Telematics Market?
4. What are the technology trends and regulatory frameworks in the Aftersale Car Telematics Market?
5. What is the market share of the leading vendors in the Aftersale Car Telematics Market?
6. What modes and strategic moves are considered suitable for entering the Aftersale Car Telematics Market?
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