Press release
Automotive Telematics Market: Exponential Growth on the Horizon
Automotive Telematics Market Trends
What Is The Projected Market Size Of The Global Automotive Telematics Market And Its Growth Rate?
The automotive telematics market has seen significant growth and is predicted to continue this path:
- From $164.09 billion in 2024, the market is set to rise to $209.6 billion in 2025, growing at a compound annual growth rate (CAGR) of 27.7%.
- Market growth can be attributed to strong economic growth in emerging markets, growth in vehicle ownership, increased instances of vehicle theft, and high adoption of connected cars.
- Expected to reach $547.51 billion in 2029 at a CAGR of 27.1%, growth factors during the forecast period include rising demand for electric vehicles, supportive government regulations, and increasing concerns about vehicle safety.
What Is Driving The Growth In The Automotive Telematics Market?
A rise in car accidents is contributing to the growth of the automotive telematics market. Real-time feedback provided by automotive telematics reduces accidents by alerting drivers to potential hazards. This has led to an increase in telematics adoption by major car manufacturers to enhance vehicle and driver safety. For instance, the Statistisches Bundesamt reported an increase of around 900, or 5%, in injuries from road traffic in 2023 compared to the previous year. The increase in car accidents is a significant driver of the growing demand for automotive telematics.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7164&type=smp
Who Are the Key Players Driving Automotive Telematics Market Growth?
Some of the major players in the automotive telematics market include:
- Samsung Electronics Co., Ltd
- Robert Bosch GmbH
- Michelin Group
- Valeo Group
- TomTom N.V.
- Vontier
- Trimble Inc.
- Continental AG
- NavInfo Co. Ltd
- Ficosa International SA, among others
What Are The Key Trends In The Automotive Telematics Market?
Key trends identified in the market include:
- The use of artificial intelligence (AI)
- Product innovations
- Collaborations and acquisitions
- Development of new technology
- Telematics-based insurance
- Use of cloud technology
- Adoption of self-installed telematics devices
What Are The Segments Of The Global Automotive Telematics Market?
The Global Automotive Telematics Market is segmented into:
- By Connectivity Solutions Type: Embedded, Integrated, Tethered
- By Vehicle Type: Commercial Vehicles, Passenger Vehicles
- By Application Type: Fleet Or Asset Management, Navigation And Location-Based System, Infotainment System, Insurance Telematic, Safety And Security, Other Applications
- By Sales Channel Type: Original Equipment Manufacturer (OEM), Aftermarket
Which Region Leads The Automotive Telematics Market?
North America dominated the automotive telematics market in 2024. However, Europe is expected to be the fastest-growing region during the forecast period.
Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/automotive-telematics-global-market-report
What Is Covered In The Automotive Telematics Market Global Market Report?
- Market Size Analysis: Analyze the Automotive Telematics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automotive Telematics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automotive Telematics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automotive Telematics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report:
https://www.thebusinessresearchcompany.com/customise?id=7164&type=smp
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Telematics Market: Exponential Growth on the Horizon here
News-ID: 3837522 • Views: …
More Releases from The Business Research Company
Comprehensive Insights Into The Global Electric Bikes And Scooters Market: Key G …
The electric bikes and scooters report outlines and analyzes the electric bikes and scooters (excluding e-mopeds or 2-wheelers) market, covering the historic period 2019-2024 and the forecast period 2024-2029 and 2034F. The study examines the market across all regions and major regional economies.
The global electric bikes and scooters (excluding e-mopeds or 2 wheelers) market was valued at approximately $43.09310 billion in 2024, reflecting a CAGR of 12.12% since 2019. The…
Geothermal Heat Pump Market Report 2025: Size, Trends, and Key Growth Insights f …
The geothermal heat pump report outlines and analyzes the geothermal heat pump market, covering 2019-2024 as the historic period and 2024-2029, 2034F as the forecast period. The report examines the market across every region and assesses major economies within each region.
The global geothermal heat pump market reached $4.40620 billion in 2024, increasing at a CAGR of 5.70% since 2019. The market is projected to grow from $4.40620 billion in 2024…
Major Growth Driver Identified in 2025 VFX In Advertising Market: The Rise Of So …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
VFX In Advertising Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Over the past several years, the market size of vfx in advertising has seen robust growth. It is expected to expand from $2.8 billion in 2024 to a staggering $3.03 billion in 2025, exhibiting…
Driving Web Content, Search Portals And Social Media Market Growth in 2025: The …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Web Content, Search Portals And Social Media Market Size Growth Forecast: What to Expect by 2025?
The market size for web content, search portals, and social media has seen quick expansion in the past few years. It's projected to expand from $682.14 billion in 2024 to $768.29 billion in…
More Releases for Telematic
Telematic Box Market Industry Analysis, Growth, Trends and Forecast - 2032
Telematic Box market report presents a global overview of market shares, size, statistics, trends, demand, revenue and growth opportunities by key players, regions and countries. This report offers a complete market overview during the past, present, and the forecast period till 2032 which helps to identify future opportunities, risk factors, growing areas. Report also highlight on recent developments, technological innovations, market affecting factors, demographics analysis, demand and supply chain which…
Insurance Telematic Market 2021-2027 Global Industry Analysis | Agero, Aplicom
Industry analysis, growth development and current trends depicted in the Insurance Telematic market report are of great help for the new industry players entering into the market. This market report delivers complete overview of the significant factors that will imapct the market growth such as drivers, restraints, and opportunities for the players, challenges, current trends and technological advancements. This Insurance Telematic market report does the thorough assessment of the market…
Insurance Telematic Market Projected to Show Strong Growth
Latest Study on Industrial Growth of Global Insurance Telematic Market 2019-2025. A detailed study accumulated to offer Latest insights about acute features of the Insurance Telematic market. The report contains different market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends…
Telematic Box Market will reach 5760 million US$ in 2023
New report published by Global Info Research which offers insights on the global Telematic Box market.
A Telematic Box in the automobile industry refers to the embedded system on board a vehicle that controls tracking of the vehicle.
Click to view the full report TOC, figure and tables：
https://www.globalinforesearch.com/global-telematic-box-market_p90860.html
Global Telematic Box Market: Forecast by Type / Application / Region
The worldwide market for Telematic Box is expected to grow at a CAGR of roughly…
Nebula Systems confirm telematic chipset, NC1701, first commercial firmware rele …
Latest firmware update to their “NC1701 Enhanced Vehicle Communications Controller” takes it out of the Beta test phase and into commercial use.
Connected Car Innovators Nebula Systems have released an exciting new hardware solution to greatly increase access to valuable vehicle data.
The NC1701 is a dedicated vehicle communications chip solution capable of extracting OEM data from any vehicle. It can be embedded into any telematics device and has been designed…
Vehicle Telematic Market Research|2018-2023| Embedded, Tethered
Vehicle Telematic Market report provides current, accurate, and reliable statistics of the Vehicle Telematic market with an in-depth analysis by industry experts along with projections to 2023 that will help you decide different strategies to boost your sales, decrease the operations cost etc.
Telematics is the term used to refer to the wireless connectivity between a vehicle and a telecommunication infrastructure. Telematics is an integrated technology where telecommunication and IT technologies…
