4G and 5G Automotive Telematics Control Units (TCU) Market Size, Trends & Forecasts | Valuates Reports

4G and 5G Automotive Telematics Control Units (TCU) Market Size

The 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.

A telematics control unit (TCU), also called T-box, in the automobile industry refers to the embedded system on board a vehicle that controls tracking of the vehicle. TCU is sometimes used with ecall, can automatically calls the emergency services.

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At present, the automotive industry is facing a change in business model, and the continuous development of new technologies and new concepts such as smart manufacturing, new energy vehicles, and internet of vehicles. This profoundly influences and changes the entire automotive industry from different angles and in different ways, which may lead to profound changes in the business model of the automotive industry.

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.

This report aims to provide a comprehensive presentation of the global market for 4G and 5G Automotive Telematics Control Units (TCU), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding 4G and 5G Automotive Telematics Control Units (TCU).

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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This release was published on openPR.