The global telematics solutions market is expected to reach USD 142.93 billion by 2030, at a CAGR of 16.3% from 2022 to 2030. The demand for the telematics solutions market has grown fast in recent years, and it is expected to grow much more throughout the forecast period. The global market for telematics solutions market is being driven by the government's increased attempts to expand a transport network, advancements in 5G connectivity, rising demand for features and capabilities in cars, automated driving innovations, as well as commuter security features.
Telematics is a means of tracking a vehicle's position and movement using a mix of GPS and onboard monitoring devices. The GPS and diagnostics systems can be used to record the traffic density and internal behavior. Automobile health insurers, fleet management businesses, and others use telematics devices to track the position and behavior of vehicles. A Fleet Telematics System (FTS) allows data to be communicated between a commercial truck fleet and a centralized system, allowing them to keep track of vehicle symptoms and position. Distance, velocity, severe acceleration, fuel consumption, vehicle issues, and other information may be gathered via telematics. When evaluated for specific events and trends, this data can give detailed insights across a whole fleet.
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The developing innovation in digital technology has the potential to drive the expansion of the telematics solution market. The market for telematics solutions has enabled interaction between humans and robots, and it is likely to expand more throughout the forecasted period. One of the fastest technologies is machine learning, which is the driving force behind automation, transportation, construction, and industrial uses.
Telematics solutions with numerous prospects in the worldwide market are equally fraught with several challenges and constraints. The most significant limitation is the expensive initial and ongoing costs of telematics market solutions. Telematics solutions are vulnerable to cyber-attacks since they are reliant on technology. As a result, firms should implement appropriate cybersecurity safeguards.
Car safety may be jeopardized by hackers. Breaches of security may result in the leaking of sensitive information, dangers to an automobile's essential health and safety systems, and complete remote control of the vehicle. Data theft entails security issues such as personal security breaches, car theft, connectivity dangers, and other hazards. This aspect is expected to limit the growth of the global telematics solutions market.
Telematics solutions are expanding and spanning all the larger domains such as infrastructure, automobiles, roads, healthcare, and much more. The telematics industry is booming. It is also expanding its logistics and transportation sectors in response to the anticipated increase in demand.
With the introduction of electric vehicles and automated vehicle technologies, the global telematics solutions market is undergoing a significant transformation that includes the development of new areas such as Mobility-as-a-Service Providers (MaaS) and Advanced Driver Assistance Systems (ADAS). In the anticipated term, the emergence of new IoT-based industries and digital amenities such as coaster and car-sharing is expected to function as a potential for the global telematics solutions market.
The telematics solutions industry has paved the way for a new era in the world of driving. Due to the sheer rising standards of telematics solutions, firms are investing heavily in technology and research to create new products and enhance existing ones so that they may produce high-quality, low-cost goods and boost their profitability.
The global telematics solutions market has been segmented based on application, vehicle type, form type, and regions.
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.
Asia Pacific Region Telematics Solutions Market Share in 2021 - 38.5%
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The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global telematics solutions industry.
Zurich Insurance Company Ltd. and Driveway Software have announced the launch of a cellphone telematics platform to fuel new mobility solutions. Zurich's driver analyses data obtained from smartphone sensors using Driveway's telematics technology. The software monitors and scores drivers based on excessive speeding, hard braking, acceleration, and turning. It also analyses driver phone concentration and delivers input on the phone while driving, promoting distraction-free cruising.
Geotab announced Geotab Integrated Solution for General Motors in January 2020. The service debuted at Geotab Connect 2020, and it assists fleet managers in accessing compatible vehicle information inside the MyGeotab platform through a factory-fit, GM-engineered OnStar module.
MiX Telematics, a worldwide fleet, and mobile asset management system, has announced that Post Office, a leading U.K. retailer, has extended its contract with the company. Over 170 different goods and services are available from the organization, including post offices, banking sectors, internet and landline phone, brutal exchange, and medical insurance.
As per The Brainy Insights, the size of the telematics solution market was valued at USD 36.72 billion in 2021 to USD 142.93 billion by 2030.
Global telematics solution market is growing at a CAGR of 16.3% during the forecast period 2022-2030.
The global telematics solution market has been segmented based on application, vehicle type, form type and regions. The fleet management dominated the market in 2021. The passenger vehicle accounted for the largest share of the market in 2021.
Asia Pacific region emerged as the largest market for the telematics solution.
The market's growth will be influenced by advancement in digital technology.
High maintenance cost and initial cost and the possibility of data hacking could hamper the market growth.
Increase in its logistics and transport sector and the rise of electric cars and automated vehicle technologies will provide huge opportunities to the market.
Key players are LG Corp., Verizon Communications Inc., Robert Bosch GmbH, TomTom N.V., Visteon Corp., Continental AG, KKR & Co. Inc., Nexteer Automotive, Qualcomm, Harman International Industries Inc.
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:
Global Telematics Solution Market by Vehicle Type:
Global Telematics Solution Market by Form Type:
Global Telematics Solution Market by Region:
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The data procurement stage involves in data gathering and collecting through various data sources.
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