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4G and 5G Automotive Telematics Control Units Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
4G and 5G Automotive Telematics Control Units (TCU) Market SizeThe global 4G and 5G Automotive Telematics Control Units (TCU) market was valued at US$ 2740.3 million in 2023 and is anticipated to reach US$ 6680.3 million by 2030, witnessing a CAGR of 13.1% during the forecast period 2024-2030.
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North America Telematics Control Unit (TCU) market size was valued at around USD 635.57 million in 2022. European Parliament voted in favors of eCall regulation which requires all new cars be equipped with eCall technology from April 2018. Europe was expected to exceed USD 1573.21 million by 2029, at a CAGR of over 5.96% between 2023 and 2029. Asia-Pacific Telematics Control Unit (TCU) market size was valued at $ 1254.58 million in 2022 and is anticipated to reach USD 3275.56 million by 2029. Emerging economies, such as China, Brazil and India etc. will become the new power for development of the world economy in the future. With the rapid development of emerging economies, besides promoting economic growth of other countries in Asia, Latin American and African, the region above will quickly become important market of Telematics Control Unit (TCU). The Telematics Control Unit (TCU) industry is moderately competitive, with top ten vendors accounting for about 89.29% of the industry revenue share. LG is the global largest vendors accounted for 34.31% of the industry share in 2022. Other key players include Harman (Samsung), Bosch, Continental, and Denso among others. The continuous expansion of the existing competitors in the industry, the continuous improvement of competitiveness and the gradual increase of new competitors in the market may gradually intensify competition in the industry.
By Type
• Commercial Vehicle
• Passenger Vehicle
By Application
• OEM
• Aftermarket
Key Companies
LG, Harman (Samsung), Bosch, Denso, Continental, Magneti Marelli, Visteon, Peiker, Laird, Ficosa, Flaircomm Microelectronics, Xiamen Yaxon Network Co., Ltd., Huawei
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