[189 Pages Report] The Telematics Market size was estimated at USD 169.45 billion in 2023 and expected to reach USD 192.75 billion in 2024, at a CAGR 14.12% to reach USD 427.40 billion by 2030.
Telematics includes both telecommunications and information technology to receive, send, and store data to control remote objects. Telematics services include electrical engineering, vehicle technologies, and computer science due to the rising use of advanced technology. Telematics observing driving behavior, vehicular health, driving dynamics, and maintenance intervals can minimize unwanted incidents, such as accidents, speeding tickets, and downtime. The expansion of telematics solutions has increased due to the various initiatives the government has taken for on-road public safety. However, the high cost of implementation and maintenance and security and privacy concerns significantly impedes the adoption of telematics. In addition, ongoing technological advancements and the emerging use of artificial intelligence to help transform connected mobility into intelligent mobility further create robust opportunities for developing telematics solutions.
Regional Insights
In North America, the huge adoption of telematics by commercial vehicles and the healthcare sector, especially in the U.S., and government regulations further encourage telematics adoption. In January 2022, the U.S. Department of Air Force collaborated with Geotab to install fleet management telematics technology in more than 210,000 vehicles. In the Asia-Pacific countries such as China, Japan, and India, manufacturers were putting more effort into raising their products’ relevance to customers and encouraging them to innovate products. As electric vehicles and autonomous vehicular technologies are gaining popularity, the automotive industry is witnessing the introduction of new electronic safety aids, such as Advanced Driver Assistance Systems (ADAS) and Mobility-as-a-Service providers (MaaS), increasing the need for telematics in this region. In Europe, safety regulations imposed by the government and awareness among people regarding road safety are expanding the utilization of telematics. Thus, the growing number of insurance telematics policies supports the growth of this region’s telematics.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Telematics Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Telematics Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Telematics Market, highlighting leading vendors and their innovative profiles. These include AddSecure, Airbiquity Inc., AirIQ Inc., Alba Smart Automation Pvt. Ltd., American Portwell Technology, Inc., Arity, LLC, AT&T Inc., Azuga Inc. by Bridgestone Corporation, CalAmp Wireless Networks Corporation, Continental AG, D-Trust GmbH by Bundesdruckerei Group, Deutsche Telekom AG, Earnix, Fintech OS S.R.L, Garmin Ltd., Geotab Inc., GoFleet inc., Happiest Minds Technologies Ltd., Intel Corporation, Ituran Location and Control Ltd., LocoNav, Masternaut Limited, MetOcean Telematics, Motive Technologies, Inc., Omnitracs, LLC by Solera Group of Companies, Oracle Corporation, Qualcomm Technologies, Quartix Ltd., Robert Bosch GmbH, Samsara Inc., Samsung Electronics Co., Ltd., Tata Consultancy Services, Transpoco Telematics, Trimble Inc., Verizon Communications Inc., and Zubie, Inc..
Market Segmentation & Coverage
This research report categorizes the Telematics Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Offerings
- Hardware
- Services
- Software
- Product Type
- 12v Plug-In Self-Installation Telematics Systems
- Black Box Telematics Systems
- Bluetooth Power Telematics System
- OBD-II Telematics System
- OEM Hard-Wired Telematics Systems
- Smartphone based Telematics System
- Usability
- Indoor
- Outdoor
- End-User
- Aerospace & Defence
- Automotive
- BFSI
- Government Agencies
- Healthcare
- Retail & Supply Chain Management
- Travel & Tourism
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Telematics Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Telematics Market?
- What are the technology trends and regulatory frameworks in the Telematics Market?
- What is the market share of the leading vendors in the Telematics Market?
- Which modes and strategic moves are suitable for entering the Telematics Market?
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