"Smart Strategies, Giving Speed to your Growth Trajectory"

Automotive Telematics Solution Market Size, Share and Global Trend By Applications (Vehicle Tracking, Fleet Management), By Vehicle Type (Passenger Vehicles, Light, Heavy Commercial Vehicles ), By Distribution Channel (OEM , Aftermarket) and By Regional Forecast, 2024-2032

Region :Global | Report ID: FBI100332 | Status : Ongoing

 

KEY MARKET INSIGHTS

According to the international automotive outlook symposium federal reserve bank, automotive industry capacity grows production from 95 Mn in 2018 and expected to achieve a market value of 97 Mn in 2019, backed by solid economic development. The automotive telematics solution is a combination of telecommunication and informatics solutions adopted in the automotive industry. The combination provides various services such as navigation, safety, and security to automotive vehicles. Tracking, car sharing, and generating emergency warning systems for vehicles are the primary purpose of telematics in an automotive vehicle. Some of the key features of automotive telematics solutions include automatic crash notification, roadside assistance services, vehicle tracking, and navigation assistance. Other features include traffic assistance, concierge services, infotainment services, fleet management, and diagnostics. Recent development in automotive telematics solution consists of the adoption of advanced analytics, predictive AI, and back-office business processes (such as CRM, ERP, and SCM) in vehicles.


To gain extensive insights into the market, Request for Customization


Technical advancements in NFC (Near field Communication) services, GPS (Global Positioning System) and IoT based applications are expected key drivers are favoring the market growth. Further, the growing market of connected vehicles (M2M), fast adoption of platform-as-a-service (PaaS) technology, and digital radio modules in connected vehicles are expected to drive the growth of automotive telematics solution market during the forecasted period.  For instance, in 2018, Trimble Inc. acquired Viewpoint from Bain Capital with an aim to strengthen connected vehicles (M2M) services worldwide. This acquisition with an objective to deploy an IoT based M2M resource management within their project operations in all sorts of vehicles which further leads to better decision making, improved safety, and higher profitability.

KEY PLAYERS COVERED


Some of the major players in the global automotive telematics market include ID Systems Inc., Autotrac, Teletrac Inc., Trimble Navigations and Omnitracs LLC, FleetmaticsIrL Limited, DigiCore, MiX Telematics, Airbiquity Inc, Masternaut Limited, Telogis, and TomTom Telematics among others.

SEGMENTATION


























 SEGMENTATION


 DETAILS


By Applications


●       Vehicle Tracking

●       Fleet Management

●       Satellite Navigation

●       Vehicle Safety Communication

●       Others


By Vehicle Type


●       Passenger Vehicles

●       Light Commercial Vehicles

●       Heavy Commercial Vehicles


By Distribution Channel


●       OEM (Original Equipment Manufacturer)

●       Aftermarket


By Geography


●       North America (the USA and Canada)

●       Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)

●       Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

●       Latin America (Brazil, Mexico and Rest of Latin America)

●       Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)


REGIONAL ANALYSIS


Globally, North America is anticipated to have the maximum market share in the global automotive telematics solution market during the forecasted period. This growth is due to the high acceptance of Human-Machine Interface (HMI) technology and Installation of black boxes for security and safety services in vehicles. Further, in APAC, countries such as China and India are expected to dominate the automotive telematics market owing to increasing government regulations about safety and security.

Key Industry Developments



  • June 2018 - TomTom Telematics BV. launched a new version of fleet management, Software-as-a-Service solution WEBFLEET 3.3 enabled with predictive AI. This solution allows fleet operators to review combined vehicle data from different sources in one easy-to-use interface.





  • Ongoing
  • 2023
  • 2019-2022
  • Pre Book
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Information & Technology Clients
Softbank
Bain & Company
Yahoo
Panasonic
Dell
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X