Automotive OEM Telematics Market
The Global Automotive OEM Telematics Market size valued to USD 22.95 billion in 2019, is predicted an elevation up-to USD 125.48 billion by 2030, with a growing CAGR of 16.7% from 2020-2030.
Automotive OEM Telematics is an interdisciplinary integration of telecommunications, and informatics preinstalled in an automobile to provide security, enhance safety features, assist in navigation and take control of the vehicle. The main function of telematics is automobile tracking, car sharing, emergency warning systems for vehicles and such other high-tech features. The services offered are either subscription based or free of cost. The automotive OEM telematics solutions and services hold wide applications in Passenger Car, Two-Wheelers, HCV, MCV and LCV.
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Top Companies: Agero Inc., Delphi Technologies, Clarion, Embitel, Continental AG, Denso Corporation, LG Electronics, Harman International, Masternaut Limited, Inseego Corp, Omnitracs, Intel Corporation, Panasonic Corporation, Luxoft, NTT Docomo Inc., Robert Bosch GmbH, Magneti Marelli S.p.A., Microlise, Valeo, Telogis, Vodafone Automotive SpA, Qualcomm Technologies, Inc., Verizon, TomTom International B.V. and others.
The global automotive OEM telematics market share analysis is based on vehicle type, application, and geography. Based on vehicle type, the market is segmented into Passenger Car, Two-Wheelers, HCV, MCV and LCV. Based on application, the market is further classified into solutions and services. The services segment is divided into Design and consulting, Integration and deployment, Maintenance and training and Data acquisition from vehicle bus network. The solution segment is further categorized into Fleet/Asset management solution, Navigation and location-based Solution, Infotainment, Insurance telematics, V2V and V2I, Tele-health solutions, Remote alarm and monitoring, Remote diagnostic and Driver and vehicle performance analytics. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.
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North America dominated the global automotive OEM telematics market, and is expected to maintain its dominance throughout the forecast period, holding the highest market share. This is attributable to factors such as stringent regulatory standards regarding public safety, advanced diagnostic systems, high-tech navigating systems, as well as stable and well-established automotive infrastructures. Asia Pacific region is expected a substantial growth in the global automotive OEM telematics market, with the highest CAGR values, owing to increasing government initiatives towards public safety, more inclination towards the use of smart gadgets, increasing demand of safety features to cope up with emergency, and developments in navigation systems in this region.
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