Telematics Solutions Market

Telematics Solutions Market Share & Analysis – Industry Overview

Base Year: 2021 Historical Data: 2019-20
  • Report ID: TBI-12784
  • Published Date: May, 2022
  • Pages: 238
  • Category: Automotive & Transportation
  • Format: PDF
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Segment Analysis

The global telematics solutions market has been segmented based on application, vehicle type, form type, and regions.

  • The application segment is divided into fleet/asset management, infotainment system, navigation & location-based system, safety & security, insurance telematics, V2X, and others. In 2021, the fleet management segment dominated the market with a market share of 16.32%. As a result of lower corporate operating costs and improved fuel efficiency, fleet management software aids in the fluent operation of a business by creating a plan for more efficient routes, lowering extra fuel consumption, and eliminating unsafe driving practices by understanding the causes. Users may utilize fleet management systems to find business cars on demand, collect and record engine diagnostic data, and identify unsafe driving patterns, including speeding, forceful braking, and idling. This data is crucial to organizations since it enables them to reduce expenses throughout their operations.
  • The form type segment is divided into tethered, embedded, and integrated. The embedded form type segment dominated the market with a market share of 38.02% in 2021. Various disruptive causes such as government regulations, cost management of service contracts, and the expansion of cloud-based services are credited to the emergence of embedded telematics systems. Many telematics services, such as eCall and remote diagnostics, cannot be adequately utilized without an embedded connectivity solution in the automobile, which is driving the popularity of embedded connectivity. The primary driver of the rise of embedded connectivity is government restrictions.

Regional Segmentation Analysis

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia Pacific region emerged as the largest market for the global telematics solutions market, with a 38.5% share of the market revenue in 2021.

  • The Asia Pacific market growth is primarily driven by impending government telematics guidelines and restrictions, an increase in fleet management, and an increase in concern about protection and wellbeing. These are the essential factors that contribute immensely to the economic growth of the China, India, and Southeast Asia automotive telematics solutions market. Furthermore, a rise in the trend of connection solutions is likely to propel the APAC telematics solutions market forward. Moreover, vehicle diagnostics enabled by telematics systems are likely to drive the Asia Pacific telematics solutions market throughout the forecasted period.

Asia Pacific Region Telematics Solutions Market Share in 2021 - 38.5%

 

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1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Application
          4.3.2. Market Attractiveness Analysis By Vehicle Type
          4.3.3. Market Attractiveness Analysis By Form Type
          4.3.4. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Advancement in digital technology
    5.3. Restraints
          5.3.1. High maintenance cost and initial cost
          5.3.2. The possibility of data hacking is expected to limit the global Telematics Solutions market's growth.
    5.4. Opportunities
          5.4.1. Increase in its logistics and transport sector
          5.4.2. The rise of electric cars and automated vehicle technologies
    5.5. Challenges
          5.5.1. Increasing standards of Telematics Solutions.

6. Global Telematics Solution Market Analysis and Forecast, By Application
    6.1. Segment Overview
    6.2. Fleet/asset management
    6.3. Infotainment System
    6.4. Navigation & Location-based system
    6.5. Safety & Security
    6.6. Insurance Telematics
    6.7. V2X
    6.8. Others

7. Global Telematics Solution Market Analysis and Forecast, By Vehicle Type
    7.1. Segment Overview
    7.2. Passenger Vehicle
    7.3. Heavy Commercial Vehicle
    7.4. Light Commercial Vehicle

8. Global Telematics Solution Market Analysis and Forecast, By Form Type
    8.1. Segment Overview
    8.2. Tethered
    8.3. Embedded
    8.4. Integrated

9. Global Telematics Solution Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa

10. Global Telematics Solution Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in the Telematics Solution Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Product Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions

11. Company Profiles
    11.1. LG Corp
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Component Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. Verizon Communications Inc.
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Component Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. Robert Bosch GmbH
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Component Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. TomTom N.V.
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Component Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. Visteon Corp.
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Component Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. Continental AG
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Component Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. KKR & Co. Inc.
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Component Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. Nexteer Automotive
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Component Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. Qualcomm
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Component Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. Harman International Industries Inc.
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Component Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis
 

List of Table

1. Global Telematics Solution Market, By Application, 2019-2030 (USD Billion) 

2. Global Fleet/asset management Telematics Solution Market, By Region, 2019-2030 (USD Billion) 

3. Global Infotainment System Telematics Solution Market, By Region, 2019-2030 (USD Billion) 

4. Global Navigation & Location-based system Telematics Solution Market, By Region, 2019-2030 (USD Billion) 

5. Global Safety & Security Telematics Solution Market, By Region, 2019-2030 (USD Billion)

6. Global Insurance Telematics Solution Market, By Region, 2019-2030 (USD Billion)

7. Global V2X solution Market, By Region, 2019-2030 (USD Billion)

8. Global Others solution Market, By Region, 2019-2030 (USD Billion)

9. Global Telematics Solution Market, By Vehicle Type, 2019-2030 (USD Billion) 

10. Global Passenger Vehicle Telematics Solution Market, By Region, 2019-2030 (USD Billion) 

11. Global Heavy Commercial Vehicle Telematics Solution Market, By Region, 2019-2030 (USD Billion) 

12. Global Light Commercial Vehicle Telematics Solution Market, By Region, 2019-2030 (USD Billion) 

13. Global Telematics Solution Market, By Form Type, 2019-2030 (USD Billion) 

14. Global Tethered Telematics Solution Market, By Region, 2019-2030 (USD Billion) 

15. Global Embedded Telematics Solution Market, By Region, 2019-2030 (USD Billion) 

16. Global Integrated Telematics Solution Market, By Region, 2019-2030 (USD Billion) 

17. Global Telematics Solution Market, By Region, 2019-2030 (USD Billion) 

18. North America Telematics Solution Market, By Application, 2019-2030 (USD Billion) 

19. North America Telematics Solution Market, By Vehicle Type, 2019-2030 (USD Billion) 

20. North America Telematics Solution Market, By Form Type, 2019-2030 (USD Billion) 

21. U.S. Telematics Solution Market, By Application, 2019-2030 (USD Billion) 

22. U.S. Telematics Solution Market, By Vehicle Type, 2019-2030 (USD Billion) 

23. U.S. Telematics Solution Market, By Form Type, 2019-2030 (USD Billion) 

24. Canada Telematics Solution Market, By Application, 2019-2030 (USD Billion) 

25. Canada Telematics Solution Market, By Vehicle Type, 2019-2030 (USD Billion) 

26. Canada Telematics Solution Market, By Form Type, 2019-2030 (USD Billion) 

27. Mexico Telematics Solution Market, By Application, 2019-2030 (USD Billion) 

28. Mexico Telematics Solution Market, By Vehicle Type, 2019-2030 (USD Billion) 

29. Mexico Telematics Solution Market, By Form Type, 2019-2030 (USD Billion) 

30. Europe Telematics Solution Market, By Application, 2019-2030 (USD Billion) 

31. Europe Telematics Solution Market, By Vehicle Type, 2019-2030 (USD Billion) 

32. Europe Telematics Solution Market, By Form Type, 2019-2030 (USD Billion) 

33. Germany Telematics Solution Market, By Application, 2019-2030 (USD Billion) 

34. Germany Telematics Solution Market, By Vehicle Type, 2019-2030 (USD Billion) 

35. Germany Telematics Solution Market, By Form Type, 2019-2030 (USD Billion) 

36. France Telematics Solution Market, By Application, 2019-2030 (USD Billion) 

37. France Telematics Solution Market, By Vehicle Type, 2019-2030 (USD Billion) 

38. France Telematics Solution Market, By Form Type, 2019-2030 (USD Billion) 

39. U.K. Telematics Solution Market, By Application, 2019-2030 (USD Billion) 

40. U.K. Telematics Solution Market, By Vehicle Type, 2019-2030 (USD Billion) 

41. U.K. Telematics Solution Market, By Form Type, 2019-2030 (USD Billion) 

42. Italy Telematics Solution Market, By Application, 2019-2030 (USD Billion) 

43. Italy Telematics Solution Market, By Vehicle Type, 2019-2030 (USD Billion) 

44. Italy Telematics Solution Market, By Form Type, 2019-2030 (USD Billion) 

45. Spain Telematics Solution Market, By Application, 2019-2030 (USD Billion) 

46. Spain Telematics Solution Market, By Vehicle Type, 2019-2030 (USD Billion) 

47. Spain Telematics Solution Market, By Form Type, 2019-2030 (USD Billion) 

48. Asia Pacific Telematics Solution Market, By Application, 2019-2030 (USD Billion) 

49. Asia Pacific Telematics Solution Market, By Vehicle Type, 2019-2030 (USD Billion) 

50. Asia Pacific Telematics Solution Market, By Form Type, 2019-2030 (USD Billion) 

51. Japan Telematics Solution Market, By Application, 2019-2030 (USD Billion) 

52. Japan Telematics Solution Market, By Vehicle Type, 2019-2030 (USD Billion) 

53. Japan Telematics Solution Market, By Form Type, 2019-2030 (USD Billion) 

54. China Telematics Solution Market, By Application, 2019-2030 (USD Billion) 

55. China Telematics Solution Market, By Vehicle Type, 2019-2030 (USD Billion) 

56. China Telematics Solution Market, By Form Type, 2019-2030 (USD Billion) 

57. India Telematics Solution Market, By Application, 2019-2030 (USD Billion) 

58. India Telematics Solution Market, By Vehicle Type, 2019-2030 (USD Billion) 

59. India Telematics Solution Market, By Form Type, 2019-2030 (USD Billion) 

60. South America Telematics Solution Market, By Application, 2019-2030 (USD Billion) 

61. South America Telematics Solution Market, By Vehicle Type, 2019-2030 (USD Billion) 

62. South America Telematics Solution Market, By Form Type, 2019-2030 (USD Billion) 

63. Brazil Telematics Solution Market, By Application, 2019-2030 (USD Billion) 

64. Brazil Telematics Solution Market, By Vehicle Type, 2019-2030 (USD Billion) 

65. Brazil Telematics Solution Market, By Form Type, 2019-2030 (USD Billion) 

66. Middle East and Africa Telematics Solution Market, By Application, 2019-2030 (USD Billion) 

67. Middle East and Africa Telematics Solution Market, By Vehicle Type, 2019-2030 (USD Billion) 

68. Middle East and Africa Telematics Solution Market, By Form Type, 2019-2030 (USD Billion) 

69. UAE Telematics Solution Market, By Application, 2019-2030 (USD Billion) 

70. UAE Telematics Solution Market, By Vehicle Type, 2019-2030 (USD Billion) 

71. UAE Telematics Solution Market, By Form Type, 2019-2030 (USD Billion) 

72. South Africa Telematics Solution Market, By Application, 2019-2030 (USD Billion) 

73. South Africa Telematics Solution Market, By Vehicle Type, 2019-2030 (USD Billion) 

74. South Africa Telematics Solution Market, By Form Type, 2019-2030 (USD Billion) 

List of Figures 

1. Global Telematics Solution Market Segmentation

2. Telematics Solution Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Telematics Solution Market Attractiveness Analysis By Application

9. Global Telematics Solution Market Attractiveness Analysis By Vehicle Type

10. Global Telematics Solution Market Attractiveness Analysis By Form Type

11. Global Telematics Solution Market Attractiveness Analysis By Region

12. Global Telematics Solution Market: Dynamics

13. Global Telematics Solution Market Share By Application (2022 & 2030)

14. Global Telematics Solution Market Share By Vehicle Type (2022 & 2030)

15. Global Telematics Solution Market Share By Form Type (2022 & 2030)

16. Global Telematics Solution Market Share by Regions (2022 & 2030)

17. Global Telematics Solution Market Share by Company (2021)

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global telematics solution market based on below mentioned segments:

Global Telematics Solution Market by Application:

  • Fleet/Asset Management
  • Infotainment System
  • Navigation & Location-based system
  • Safety & Security
  • Insurance Telematics
  • V2X
  • Others

Global Telematics Solution Market by Vehicle Type:

  • Passenger Vehicle
  • Heavy Commercial Vehicle
  • Light Commercial Vehicle

Global Telematics Solution Market by Form Type:

  • Tethered
  • Embedded
  • Integrated

Global Telematics Solution Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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