In 2017, the global vehicle telematics market size was valued at USD 41.66 billion. The global vehicle telematics market is experiencing a high growth rate resulting in increase in digitalization of vehicles to enhance advanced safety & security features such as fatigue alert, collision avoiding systems, and lane assist. Advanced Driver-Assistance System (ADAS) and Vehicle-to-Everything (V2X) develop, automate and adapt the vehicle systems for safety and better driving to reduce road fatalities minimizing the human error.
Due to the growing population, constant need of car tracking is anticipated to address the higher growth in the market. Increasing use of smart-phone and tablets also believed to be a major growth factor for the global vehicle telematics market. The market aims to develop safety for the passenger which is a major advantage of the vehicle telematics, and however, results in improve the market in a methodical way.
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Enhancing intelligence and connectivity, automobile manufacturers use the combination of the devices such as tethered, smartphones and more others. Various car telematics applications are offered by most of the manufacturers such as vehicle diagnostics, route optimization, navigation and infotainment, roadside assistance and e-call, traffic information, and convenience applications. Convenience application provides leasing and rental fleet management, electronic toll collection, and road charging, moreover, it also depends upon remote control of a vehicle such as checking door lock/unlock, vehicle preconditioning, and last parking position.
Telematics vehicle provides refined safety awareness, affordability, strict safety norms, and technological advancement. Vehicle telematics technologies result in cost savings and enhanced safety for vehicle and the driver. The purpose of contributing telematics in vehicles brings an efficient tracking and safety of the heavy vehicles. Thus, this results to be the key end-user segment of the global vehicle telematics market. Development in wireless networks in a vehicle is attributed to providing new avenues for the vehicle telematics market.
Major players operating in vehicle telematics market include Inseego Corporation, LG Electronics Inc., HARMAN International Industries, Inc., BOSCH, Continental AG, Denso Corporation, Magneti Marelli S.p.A., Visteon Corporation, Fujitsu Ten Limited / DENSO Ten Limited, Peiker Acustic GmbH & Co. KG, Novero, Ficosa Internacional SA, Huawei Investment & Holding Co., Ltd., Flaircomm Microelectronics, Inc., PTC, Inc., Zonar Systems, Inc, Trimble Inc., Verizon Telematics, Inc., MiX Telematics, AirIQ Inc., Omnitracs, LLC, Masternaut Limited, Octo Telematics S.p.A., TomTom NV, and Volkswagen AG.
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Key Segments of the Global Vehicle Telematics Market
Type Overview, 2014-2025 (USD Million)
- Fleet/asset Management
- Navigation & Location-based Systems
- Infotainment Systems
- Insurance Telematics
- Safety & Security
- Remote Alarm & Incident Monitoring Solutions
- Integration & Deployment
- Consulting & Design
- Maintenance & Training Services
Vehicle Type Overview, 2014-2025 (USD Million)
- Passenger Cars
- Commercial Vehicles
Product Overview, 2014-2025 (USD Million)
Provider Overview, 2014-2025 (USD Million)
Bandwidth, 2014-2025 (USD Million)
Table of Content
Chapter 1 Executive Summary
Chapter 2 Research Methodology
Chapter 3 Market Outlook
Chapter 4 Vehicle Telematics Market Overview, By Type
Chapter 5 Telematics Market Overview, By Vehicle Type
Chapter 6 Vehicle Telematics Market Overview, By Product
Chapter 7 Vehicle Telematics Market Overview, By Provider
Chapter 8 Vehicle Telematics Market Overview, By Bandwidth
Chapter 9 Vehicle Telematics Market Overview, By Region
Chapter 10 Company Profiles
Chapter 11 Industry Structure
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