The global automotive telematics market was valued at around US$ 41.59 Billion in 2022. Sales of Automotive Telematics are projected to accelerate at a CAGR of 18% to top US$ 217.7 Billion by 2032.
The global automotive telematics market is growing as a consequence of the increasing connectivity solutions trend and the increased ease of vehicle assessment. However, the threat of data hacking may be a significant impediment to market expansion.
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Prominent service providers are relying on introducing new software which facilitate advanced damage detection systems, based on cloud and artificial intelligence approaches. Noteworthy developments in the past few months are as follows :
In January 2021, Harman International Industries Inc. announced the introduction of HARMAN Turbo Connect (TBOT). The software anticipates and mitigates connectivity discrepancies on the road. This addition to the current portfolio satisfies current demand for high speed connectivity with low latency, especially when used with 5G-enabled technologies, including its Smart Conformal Antenna.
In November 2021, Robert Bosch GmbH introduced its Ridecare services, equipped with a sensor box, to detect damage to a vehicle and smoke inside the vehicle. The sensor deploys a cloud-based data analysis using artificial intelligence, disbursing information on whether a vehicle has been damaged, or someone has smoked in it. Pilot projects are being initiated across North America, Asia and Germany.
Key Companies Profiled:
Harman International Industries, Inc.
Magneti Marelli S.p.A
Verizon Telematics, Inc.
Robert Bosch GmbH
Delphi Automotive Plc.
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Key Segments Covered in the Automotive Telematics Market Survey
By Product Type :
Embedded Automotive Telematics
Integrated Automotive Telematics
Tethered Automotive Telematics
By Services :
Safety and Security
Information & Technology
Entertainment & Remote Diagnostics
By Vehicle Type :
By Sales Channel :
Key Questions Covered in the Automotive Telematics Market Report
What is the projected value of the Automotive Telematics factors Industry in 2022?
At what rate will the global Automotive Telematics factors market size grow until 2032?
Which are the factors hampering the growth of Automotive Telematics factors?
Which region is expected to lead in the global Automotive Telematics factors market By 2032?
Which are the factors driving the Automotive Telematics factors Industry during the forecast period?
What is the expected market value of the Automotive Telematics factors market during the forecast period?
Regional Analysis For Automotive Telematics Market:
APAC (Japan, China, South Korea, Australia, India, and the rest of APAC; the rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
North America (USA, Canada and Mexico)
South America (Brazil, Chile, Argentina, Rest of South America)
MEA (Saudi Arabia, United Arab Emirates, South Africa)
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