June 22, 2024

Automotive Embedded Telematics Market Size Will be USD 99.78 Bn by 2033

The global automotive embedded telematics market size accounted for US$ 18.06 billion in 2023 and is projected to reach around USD 99.78 billion by 2033, growing at a CAGR of 18.64% from 2024 to 2033.

Automotive Embedded Telematics Market Size 2024 to 2033

Key Points

  • Europe has contributed for the largest market share of 34% in 2023.
  • Asia-Pacific is estimated to expand at the fastest CAGR of 23.75% during the forecast period of 2024-2033.
  • By solution, the safety & security segment held the largest market share of 49% in 2023.
  • By solution, the remote diagnostics segment is anticipated to grow at a remarkable CAGR of 22.29% during the forecast period.
  • By component, the services segment has generated the largest market share of 52% in 2023.
  • By component, the hardware segment is growing at the fastest CAGR of 15.64% over the projected period.
  • By application, the passenger cars segment has generated more than 75% of market share in 2023.
  • By application, the commercial vehicles segment is expected to grow at a CAGR of 23.70% over the projected period.

Report Summary

The global automotive embedded telematics market report provides a Point-by-Point and In-Depth analysis of global market size, regional and country-level market size, market share, segmentation market growth, competitive landscape, sales analysis, opportunities analysis, strategic market growth analysis, the impact of domestic and global market key players, value chain optimization, trade regulations, recent developments, product launches, area marketplace expanding, and technological innovations.

The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the automotive embedded telematics market across the globe.

A comprehensive estimate on the automotive embedded telematics market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of automotive embedded telematics during the forecast period. Price point comparison by region with global average price is also considered in the study.

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Automotive Embedded Telematics Market Scope

Report Coverage Details
Growth Rate from 2024 to 2033 CAGR of 18.64%
Global Market Size in 2023 USD 18.06 Billion
Global Market Size by 2033 USD 99.78 Billion
Largest Market Europe
Base Year 2023
Forecast Period 2024 to 2033
Segments Covered By Solution, By Component, and By Application
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Key Highlights:

Reports Coverage: It incorporates key market sections, key makers secured, the extent of items offered in the years considered, worldwide containerized automotive embedded telematics market and study goals. Moreover, it contacts the division study gave in the report based on the sort of item and applications.

Market Outline: This area stresses the key investigations, market development rate, serious scene, market drivers, patterns, and issues notwithstanding the naturally visible pointers.

Market Production by Region: The report conveys information identified with import and fare, income, creation, and key players of every single local market contemplated are canvassed right now.

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Market Players

The report includes the profiles of key automotive embedded telematics market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information, key development in past five years.

Recent Developments

  • In December 2022, CerebrumX Labs Inc. joined forces with Toyota to offer real-time insights for enhancing the safety and cost-effectiveness of connected fleet operations. The primary aim of this partnership is to reduce the Total Cost of Ownership (TCO) for fleets by utilizing telematics data obtained from Toyota vehicles within the network. The collaboration promotes data-driven decision-making, striving to elevate overall performance.
  • In November 2022, CerebrumX Labs Inc. unveiled the integration of data from Ford connected vehicles. This integration seeks to enhance its data-centric Usage-Based Insurance (UBI)-as-a-Service model for insurance companies. CerebrumX aims to offer insurers a quicker, more cost-effective method to launch UBI programs by utilizing integrated telematics tailored for eligible Ford and Lincoln connected vehicles.
  • In April 2022, Hitachi Solutions partnered with BitBrew, aiming to combine BitBrew’s connected vehicle platform with Hitachi Solutions America’s expertise in the insurance industry, enterprise integration, and deployment. This collaboration aims to deliver cutting-edge solutions for analyzing vehicle health and driver behavior in the insurance industry, leveraging real-time telematics data streams. By leveraging each other’s strengths, Hitachi Solutions America can provide reliable data-driven models and valuable connected services that meet the evolving needs of the insurance sector.
  • In March 2022, Geotab Inc. collaborated with Free2move, a subsidiary of Stellantis. Through this partnership, Geotab seeks to equip Stellantis brand vehicles, including Ram, Jeep, Dodge, and Chrysler, with a Geotab Integrated Solution. This collaborative solution utilizes embedded telematics in Stellantis cars, enabling seamless integration of vehicle information from Free2move servers into the MyGeotab platform. Fleet executives can access a user-friendly telematics dashboard to generate reports and monitor crucial parameters, enhancing mobility and optimizing fleet performance.

Automotive Embedded Telematics Market Companies

  • Verizon Connect
  • Geotab
  • TomTom Telematics
  • AT&T
  • Bosch Connected Devices and Solutions
  • MiX Telematics
  • CalAmp
  • Teletrac Navman
  • Harman International (a Samsung company)
  • Continental AG
  • Vodafone Automotive
  • Telit
  • Airbiquity
  • Sierra Wireless
  • WirelessCar

Segments Covered in the Report

By Solution

  • Safety & Security
  • Information & Navigation
  • Entertainment
  • Remote Diagnostics

By Component

  • Hardware
  • Services
  • Connectivity

By Application

  • Passenger Cars
  • Commercial Vehicles

Regional Segmentation

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us to recognize financial information, the structure of the market participants and industry’s competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to-face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire-based research etc.
  • In order to validate our research findings and analysis, we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Automotive Embedded Telematics Market 

5.1. COVID-19 Landscape: Automotive Embedded Telematics Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Automotive Embedded Telematics Market, By Solution

8.1. Automotive Embedded Telematics Market, by Solution, 2024-2033

8.1.1 Safety & Security

8.1.1.1. Market Revenue and Forecast (2021-2033)

8.1.2. Information & Navigation

8.1.2.1. Market Revenue and Forecast (2021-2033)

8.1.3. Entertainment

8.1.3.1. Market Revenue and Forecast (2021-2033)

8.1.4. Remote Diagnostics

8.1.4.1. Market Revenue and Forecast (2021-2033)

Chapter 9. Global Automotive Embedded Telematics Market, By Component

9.1. Automotive Embedded Telematics Market, by Component, 2024-2033

9.1.1. Hardware

9.1.1.1. Market Revenue and Forecast (2021-2033)

9.1.2. Services

9.1.2.1. Market Revenue and Forecast (2021-2033)

9.1.3. Connectivity

9.1.3.1. Market Revenue and Forecast (2021-2033)

Chapter 10. Global Automotive Embedded Telematics Market, By Application 

10.1. Automotive Embedded Telematics Market, by Application, 2024-2033

10.1.1. Passenger Cars

10.1.1.1. Market Revenue and Forecast (2021-2033)

10.1.2. Commercial Vehicles

10.1.2.1. Market Revenue and Forecast (2021-2033)

Chapter 11. Global Automotive Embedded Telematics Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Solution (2021-2033)

11.1.2. Market Revenue and Forecast, by Component (2021-2033)

11.1.3. Market Revenue and Forecast, by Application (2021-2033)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Solution (2021-2033)

11.1.4.2. Market Revenue and Forecast, by Component (2021-2033)

11.1.4.3. Market Revenue and Forecast, by Application (2021-2033)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Solution (2021-2033)

11.1.5.2. Market Revenue and Forecast, by Component (2021-2033)

11.1.5.3. Market Revenue and Forecast, by Application (2021-2033)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Solution (2021-2033)

11.2.2. Market Revenue and Forecast, by Component (2021-2033)

11.2.3. Market Revenue and Forecast, by Application (2021-2033)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Solution (2021-2033)

11.2.4.2. Market Revenue and Forecast, by Component (2021-2033)

11.2.4.3. Market Revenue and Forecast, by Application (2021-2033)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Solution (2021-2033)

11.2.5.2. Market Revenue and Forecast, by Component (2021-2033)

11.2.5.3. Market Revenue and Forecast, by Application (2021-2033)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Solution (2021-2033)

11.2.6.2. Market Revenue and Forecast, by Component (2021-2033)

11.2.6.3. Market Revenue and Forecast, by Application (2021-2033)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Solution (2021-2033)

11.2.7.2. Market Revenue and Forecast, by Component (2021-2033)

11.2.7.3. Market Revenue and Forecast, by Application (2021-2033)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Solution (2021-2033)

11.3.2. Market Revenue and Forecast, by Component (2021-2033)

11.3.3. Market Revenue and Forecast, by Application (2021-2033)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Solution (2021-2033)

11.3.4.2. Market Revenue and Forecast, by Component (2021-2033)

11.3.4.3. Market Revenue and Forecast, by Application (2021-2033)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Solution (2021-2033)

11.3.5.2. Market Revenue and Forecast, by Component (2021-2033)

11.3.5.3. Market Revenue and Forecast, by Application (2021-2033)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Solution (2021-2033)

11.3.6.2. Market Revenue and Forecast, by Component (2021-2033)

11.3.6.3. Market Revenue and Forecast, by Application (2021-2033)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Solution (2021-2033)

11.3.7.2. Market Revenue and Forecast, by Component (2021-2033)

11.3.7.3. Market Revenue and Forecast, by Application (2021-2033)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Solution (2021-2033)

11.4.2. Market Revenue and Forecast, by Component (2021-2033)

11.4.3. Market Revenue and Forecast, by Application (2021-2033)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Solution (2021-2033)

11.4.4.2. Market Revenue and Forecast, by Component (2021-2033)

11.4.4.3. Market Revenue and Forecast, by Application (2021-2033)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Solution (2021-2033)

11.4.5.2. Market Revenue and Forecast, by Component (2021-2033)

11.4.5.3. Market Revenue and Forecast, by Application (2021-2033)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Solution (2021-2033)

11.4.6.2. Market Revenue and Forecast, by Component (2021-2033)

11.4.6.3. Market Revenue and Forecast, by Application (2021-2033)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Solution (2021-2033)

11.4.7.2. Market Revenue and Forecast, by Component (2021-2033)

11.4.7.3. Market Revenue and Forecast, by Application (2021-2033)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Solution (2021-2033)

11.5.2. Market Revenue and Forecast, by Component (2021-2033)

11.5.3. Market Revenue and Forecast, by Application (2021-2033)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Solution (2021-2033)

11.5.4.2. Market Revenue and Forecast, by Component (2021-2033)

11.5.4.3. Market Revenue and Forecast, by Application (2021-2033)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Solution (2021-2033)

11.5.5.2. Market Revenue and Forecast, by Component (2021-2033)

11.5.5.3. Market Revenue and Forecast, by Application (2021-2033)

Chapter 12. Company Profiles

12.1. Verizon Connect

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Geotab

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. TomTom Telematics

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. AT&T

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Bosch Connected Devices and Solutions

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. MiX Telematics

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. CalAmp

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Teletrac Navman

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Harman International (a Samsung company)

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Continental AG

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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