Global Automotive Telematics Market

Automotive Telematics Market Size, Share, Growth Analysis, By Form (Embedded, Integrated), By Connectivity (Satellite, Cellular), By Offerings, By Vehicle Type, By Services, By Fleet Management Services, By Region - Industry Forecast 2025-2032

Report ID: SQMIG45C2085 | Region: Global | Published Date: December, 2024
Pages: 173 | Tables: 116 | Figures: 72

Automotive Telematics Market News

  • In May 2023, Targa Telematics gave a clear statement on its acquisition of Viasat Group Spa, thus establishing a significant international player in the Internet of Things space. Along with the Chilean firm, this acquisition will pave the door for innovative solutions and digital services for linked mobility by targeting eight important European nations: Italy, Portugal, Spain, France, the UK, Belgium, Poland, and Romania.
  • In May 2023, Bridgestone Mobility Solutions announced an alliance with RIO, a digital service provider. As a result of this agreement, the telematic solutions of Bridgestone's Webfleet will be fully compatible with any MAN vehicle on which an OEM hardware RIO box from MAN is installed.
  • In May 2023, ZF Friedrichshafen AG presented its AxTrax 2 high-tech electric axle platform. It is aimed at several commercial vehicle models. The system is fully integrated with automated driving systems, advanced driver-assistance systems as well as brake systems. It also applies CAN bus for communication and information exchange with telematics systems.
$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Automotive Telematics Market size was valued at USD 67.77 Billion in 2023 and is poised to grow from USD 79.02 Billion in 2024 to USD 231.56 Billion by 2032, growing at a CAGR of 16.6% during the forecast period (2025-2032).

The automotive telematics market is a highly competitive market with the involvement of established giants and new entrants. Some of the dominant players in the market include Verizon Connect, Geotab, and Teletrac Navman. These companies build momentum through recent advancements and offer the full package. They focus on innovation, strategic alliances, and bringing new markets into play for the development of their products. For their side, small enterprises usually focus on a relatively few applications, and thus, they develop a dynamic atmosphere that promotes inventions, both in terms of technology and marketing extension. 'Robert bosch gmbh ', 'At&t inc. ', 'Continental ag ', 'Lg electronics ', 'Verizon ', 'Aptiv plc ', 'Visteon corporation ', 'Intel corporation ', 'Astrata europe bv ', 'Panasonic corporation ', 'Garmin ltd. ', 'Mix telematics ', 'Trimble inc. ', 'Airbiquity inc. ', 'Calamp corp. ', 'Descartes systems group inc. ', 'Qualcomm technologies, inc. ', 'Airiq inc. ', 'Actsoft inc ', 'Teletrac navman us ltd.'

The demand for connected automobiles mainly drives the automotive telematics market. As features such as remote monitoring, car diagnostics, and real-time navigation are becoming indispensable for drivers seeking enhanced experiences, automakers are equipping them with advanced telematics systems for seamless connectivity between automobiles and outside networks, thereby increasing driving convenience and safety and fostering consumer loyalty and developing the market.

Integrating Machine Learning into AI: A spree in the automotive telematics sector, combining AI and machine learning technology is. For better route planning, more customized experience of driving, and predictive maintenance, these technologies facilitate it. Utilizing AI-driven information enables automakers to avail cutting-edge technologies such as adaptive cruise control and autonomous emergency braking. This too fits the growing need for intelligent and effective transportation options while improving vehicle performance.

Asia-Pacific dominated the automotive telematics market in 2023, accounting for more than 56.87% share. Increased consumer demand in emerging economies such as China and India for affordable aftermarket automotive telematics systems may account for this massive market share. The need for telematics solutions is also triggered by increasing urbanization and car ownership in such regions. Government programs that include provisions for increasing internet penetration and other cellular connectivity networks, even in rural areas, will also be the primary driver of growth for the industry. Asia-Pacific will witness further growth in the automotive telematics market as this awareness in customers will help them achieve efficiency and safety.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Feedback From Our Clients

Global Automotive Telematics Market

Report ID: SQMIG45C2085

$5,300
BUY NOW GET FREE SAMPLE