Automotive telematics integrates information technology and communications to offer vehicles a range of services, including navigation, safety, and security. Vehicle tracking, trailer tracking, container monitoring, automobile sharing, emergency warning systems for cars, and other telematics-related tasks are its primary uses. We have divided the automotive telematics market into five distinct segments in this study based on the kind of vehicle, the technology used, the sales channel, the end use, and the region/country.
Governments in developed and developing nations, including those in the United States, the United Kingdom, Brazil, Singapore, and India, have implemented rules, policies, and programmes to expand the use of telematics in the automotive sector in an effort to boost road safety. During the forecast period, it is expected that these government activities would increase sales of car telematics.
APAC Automotive Telematics Market Growth
Additionally, in recent years, both developed and developing regions have seen an increase in acceptance of cutting-edge technologies and gadgets like mobile phones, laptops, smart phones, tablets, telecommunications, and other technological goods, particularly in Asia, which is also expected to drive the automotive telematics market by the end of 2026.
The use of telematics for safety purposes and the installation of fundamental Telematics Control Units (TCU) in all new cars and commercial vehicles have been mandated by international regulatory mandates (eCall in the EU, GLONASS in Russia, and SVT in Brazil) since 2015 in Europe and since 2016 in other nations.
Between 2021 and 2031, it is anticipated that this would increase sales of automobile telematics. The Euro 5/6 (Europe) and EPA (USA) rules are anticipated to encourage a large growth in the worldwide automotive diagnostics market.
