Global Automotive Telematics Market Worth $533.13 Billion by 2029, Growing at 26.6% CAGR

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Automotive Telematics Market Outlook: What Size And CAGR Are Anticipated By 2025?
The size of the market for automotive telematics has experienced staggering growth in the past few years. The market is set to expand from $164.09 billion in 2024 to $207.47 billion in 2025, with an impressive compound annual growth rate (CAGR) of 26.4%. The significant growth observed in the past years results from the robust economic development in emerging markets, a surge in vehicle ownership, a rise in vehicle theft incidents, and a high rate of connected car adoption.

What Is the Expected CAGR for the Automotive Telematics Market Growth Through 2029?
In the coming years, the automotive telematics industry is set to witness dramatic expansion. Predictions indicate that it may swell to $533.13 billion by the year 2029, with a compound annual growth rate (CAGR) of 26.6%. This anticipated surge during the forecast period is credited to a growing interest in electric vehicles (EV), conducive governmental policies, and escalating worries related to vehicle safety. The forecast period will also see some key trends like the implementation of artificial intelligence (AI), innovative product developments, strategic collaborations and acquisitions, development of new technologies, insurance based on telematics, incorporation of cloud technology and the rise of self-installed telematics devices.

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What Are the Primary Drivers Behind Automotive Telematics Market Growth?
The surge in car mishaps is playing a significant role in pushing forward the growth of the automotive telematics market. Car accidents, often described as vehicular collisions involving another car or unmoving objects, are diminished by auto telematics which gives drivers real-time feedback. Automotive telematics are now being integrated by major car producing companies to ensure the safety of both the vehicle and the driver. For instance, a report from Statistisches Bundesamt, a statistical federal authority in Germany, revealed that roughly 21,600 individuals experienced injuries from road incidents in 2023, an increase of about 900 injuries or 5% compared to that of 2022. The report further showed an increase in traffic fatalities by 13, reaching a total of 167 in February 2023. Consequently, the rising number of vehicular accidents propels the expansion of the automotive telematics market.

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What Are the Key Segments Driving Automotive Telematics Market Growth?
The automotive telematics market covered in this report is segmented -

1) By Connectivity Solutions Type: Embedded, Integrated, Tethered
2) By Vehicle Type: Commercial Vehicles, Passenger Vehicles
3) By Application Type: Fleet Or Asset Management, Navigation And Location-Based System, Infotainment System, Insurance Telematic, Safety And Security, Other Applications
4) By Sales Channel Type: Original Equipment Manufacturer (OEM), After market

Subsegments:
1) By Embedded: Integrated Telematics Control Units (TCUs), Built-In Communication Modules
2) By Integrated: OEM Integrated Systems, Multi-Function Devices
3) By Tethered: Smartphone-Based Telematics, Portable Devices And Dongles

What Are the Technological Trends Impacting the Automotive Telematics Market?
Key players in the automotive telematics market are forging strategic alliances to leverage advanced technology integration and broaden their market influence. Such strategic collaborations are typically formed between two or more entities that pool their resources, skills, and endeavours to achieve mutual targets or ambitions. For example, in May of 2023, the UK-based financial services organization, Admiral Group plc, formed a partnership with Ford Smart Mobility, an investing firm focused on mobility services from the US, and Redtail Telematics, a British telematics product manufacturer. The partnership led to the launch of a connected car telematics product. This innovation empowers eligible Ford car owners to relay the driving data collated by their vehicles via the FordPass app. Users have the opportunity to approve data shared through their in-car screens, facilitating a more personalized and cost-efficient insurance experience.

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Who Are the Major Competitors in the Global Automotive Telematics Market?
Major companies operating 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, Mahindra Truck and Bus (MTB), Mitsubishi Fuso Truck, Hyundai, Geely Lynk & Co, Shenzhen Eelink Communication Technology Co., Ltd, 22 DOTS, TruckTrack GmbH, INTRANAV, FLEETIZE - Telematics, Exatrek, Visualix, Trackee.io, IoT Venture GmbH, In Car Telematics, Masternaut, Teletrac Navman, Verizon Connect, Movolytics, QUARTIX, Vodafone Fleet Telematics, RAM Tracking, Samsara, OCTO Automotive, MiX Telematics, Telematika, Kazan Telematics, TrackGPS, Mapon, Intellishift, Linxup, Damoov, Cambridge Telematics, ISAAC Instruments, Frotcom, Argus Telematics, Iveco, Autotrac, Mercedes-Benz, Omnilink, Volkswagen, Teltonika Telematics, Location Solutions Telematics LCC, Norconsult Telematics, FMS Tech, Advanced Telematics Solutions, Ctrack Matrix

Which Region Dominates the Automotive Telematics Market Share in 2025?
North America was the largest region in the automotive telematics market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive telematics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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