Press release
Automotive OEM Telematics Market in China, India, Southeast Asia | Projected to Acquire $38,723.4 Million by 2026, Growing Almost 27.1% CAGR
According to a recent report published by Allied Market Research, China, India and Southeast Asia automotive OEM telematics market was valued at $5,207.3 million in 2018, and is projected to reach $38,723.4 million by 2026, registering a CAGR of 27.1% from 2019 to 2026.Factors such as government regulations and the growing trend of connectivity solutions are fueling the growth of the automotive OEM telematics market in China, India, and Southeast Asia. Additionally, the ease of vehicle diagnostics is expected to further drive market expansion. However, concerns around data hacking and high installation costs are hindering growth. On the positive side, advancements in smart transportation systems and enhancements in autonomous vehicle performance present significant growth opportunities for players in the automotive OEM telematics industry across these regions.
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At present, China dominated China, India and Southeast Asia automotive OEM telematics market in 2017, whereas Southeast Asia is expected to grow at a significant rate in China, India and Southeast Asia automotive OEM telematics market forecast.
The key players analyzed in this report include AT&T Inc., Bayerische Motoren Werke Aktiengesellschaft (BMW), Ford Motor Company (Ford), HARMAN International, MiX Telematics, Telefónica S.A., TomTom International BV., Trimble Inc., Verizon, Vodafone Group, and others, which holds the major contribution in China, India and Southeast Asia automotive OEM telematics market share.
Automotive OEM services are increasingly prioritizing customer relationships by enhancing user experiences and ensuring new models meet regulatory standards. The growing partnerships between automotive manufacturers and mobile network providers are also creating promising opportunities for the telematics market, aiming to deliver seamless telematics services to customers.
Automotive manufacturers are required to comply with regional safety regulations, such as the eCall system mandated in European vehicles, which automatically contacts emergency services and provides location information during accidents. The European automotive industry collaborates closely with connectivity device manufacturers and telecom providers to deliver industry-standard connectivity solutions.
Access the full summary at: https://www.alliedmarketresearch.com/china-india-and-southeast-asia-automotive-oem-telematics-market
Ford Motors and BMW are leading players in the automotive OEM infotainment market, while Harman holds a strong position as a Tier-1 supplier in OEM telematics services. In China, India, and Southeast Asia, automotive telematics leaders such as Ford, Toyota, and BMW have established their presence with reliable hardware, open platforms, and quality innovations across services and regional markets.
Automakers are also focusing on faster communication tools for processing large telematics data, which is expected to drive the OEM telematics market in China, India, and Southeast Asia. As global demand for automobiles grows, largely due to enhanced manufacturing in emerging markets like China and India, the automotive sector is expected to see improved productivity and profitability, particularly in segments like premium and four-wheel vehicles. This trend is motivating major industry players to expand across different segments.
Rising disposable income and increased sales of passenger vehicles worldwide are fueling automotive demand, especially in developing countries like India and China. With consumers increasingly seeking affordable, low-maintenance, technologically advanced vehicles, demand for advanced telematics is on the rise.
Telematics systems exemplify advanced asset and operations management technology, combining telecommunications and automotive technology to improve vehicle efficiency, safety, fuel economy, and driver experience. Features like real-time alerts for traffic and parking availability contribute to intelligent transportation systems that enhance the driving experience. Furthermore, AI and machine learning enable autonomous dispatching, routing, and predictive insights into vehicle health and driver habits, all of which support the growth of the OEM telematics market across China, India, and Southeast Asia.
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