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Pulished Date February, 2020
ID: 9250
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Global Consumer Telematics Market Research Report – Segmented By Type (OEM and Aftermarket), By End-User (Automotive, Insurance, Healthcare, Media & Entertainment, Vehicle Dealers and Government Agencies), By Application (Solutions and Services), and By Region - Opportunity Analysis and Industry Forecast, 2020 - 2025

Pulished: February, 2020
ID: 9250
Pages: 210

Consumer Telematics Market Size & Growth (2020 – 2025)

Global consumer telematics market size was worth USD 26.06 billion in 2019 and is expected to grow with a whopping compound annual growth rate of 26.54% from 2020 to 2025.

Global Consumer Telematics Market Size (2020 - 2025)

Telematics is a device used to transfer large amounts of information from one vehicle to the infrastructure of another. It monitors the vehicle using a GPS that records and maps the exact location of the vehicle, which also provides information about the speed. Telematics can also help provide information on vehicle management, such as the maintenance schedule, fuel monitoring and seat belt monitoring. Consumer telematics is segmented according to the fleet management system, improves driver safety and increases efficiency by providing delays on the road that help drivers redirect and save time and deliver products on time, which will also increase job satisfaction by better controlling daily routes, thereby reducing operating costs. The sensors send an alert message to the driver if there is a problem in the engine and other diagnostic issues.

Consumer telematics is a technology and communication service that allow large amounts of data to transfer in and out of passenger vehicles in real-time. This provides consumers with on-board services, global positioning system (GPS) navigation, traffic information, local search (for example, at gas stations or restaurants) and concierge services.

The global consumer telematics market is expected to grow over the forecast period due to the increasing demand for big data analytics and related services. Communication technologies and services that allow the transfer of large volumes of data in passenger vehicles in real-time are called consumer telematics. Suppliers focus on consumer safety through superior vehicle tracking products and services.

Market growth and trends:

  • Fleet management evolves its advantages from technological progress. The next addition to fleet management includes aviation safety (OTA) and vehicle control, called drones. To increase truck safety, many countries have required eCall regulations which aim to set up a device in the vehicle which will automatically dial the safety number in the event of a traffic accident and will be coordinated with the services of local emergency. This eCall will reduce emergency response times by 40% in urban areas and by 50% in rural areas.
  • The large truck mirrors have been replaced by a system of cameras and digital displays that will improve driver safety. This system includes several individually wired cameras which protect against malfunctions. The images appear on digital screens mounted on the interior pillars on both sides of the windshield and in the center of where a mirror is usually located, as well as on the dashboard. The camera lenses are heated to protect against ice and frost. They also have a special coating that resists moisture.
  • The new launch of the voice assistant allows users to control the temperature of the vehicle, and analyze the driver's needs according to the route and behavior to automatically exploit the music and navigation in the vehicle.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2019 – 2025

Base Year

2019

Forecast Period

2020 - 2025

Fastest Growing Market

Asia Pacific

Largest Market

North America

CAGR

26.54%

Segments Covered

Type, End-User, Application, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

TE Connectivity, STMicroelectronics, Littelfuse Inc., Robert Bosch GmbH, Continental AG, Delphi Technologies, Analog Devices Inc., NXP Semiconductors, Sensata Technologies Inc., Infineon Technologies AG, Denso Corporation, Autoliv Inc., Texas Instruments Incorporated, Hitachi Automotive Systems Americas Inc., Maxim Integrated, GMS Instruments BV, Broadcom, Piher Sensors & Controls, Quanergy Systems Inc., Innoviz Technologies LTD, Velodyne Lidar Inc. and Elmos Semiconductor AG, among others.

 

Market Drivers and Restraints:

Drivers:

The global consumer telematics market is stimulated by the significant penetration of smartphones, the growing demand for the superior driving experience, lower connectivity costs, high-speed Internet technologies and favorable government regulations. For example, in some regions such as Brazil and China, government legislation requires everyone to adopt telematics in vehicles, given the growing concern related to vehicle tracking and safety, which stimulates demand for telematic solutions for consumers in these regions. The increasing demand for Big Data analysis and related services is also an essential factor that influences market growth. The proliferation of cloud-based services to provide a personalized experience to the end-user is even foreseen to have a positive impact on market demand.

Restraints:

The increase in piracy activity, the high cost of consumer telematics equipment and poor Internet connectivity in developing economies is expected to diminish market growth. The field of consumer telematics has subtly changed the nature of various industries. Car maintenance and extensive data enabled by telematics have improved customer service offerings. Telematics is likely to play a vital role in the future of the connected car market, as it will help the car manufacturer generate revenue over the life of the vehicle rather than at the time of sale.

Market segmentation:

Based on type, the global consumer telematics market has been bifurcated as OEM and aftermarket. Comparatively, the aftermarket segment accounts for the higher revenue than its counterpart, which is predicted to change in the coming years.

By application, the global consumer telematics market is separated into solutions and services. The solutions segment is further divided into fleet management, navigation and location, infotainment, telehealth, remote alarming and monitoring, V2V and V2I, and others. 

Based on end-user, the global consumer telematics market is divided into automotive, insurance, healthcare, media & entertainment, vehicle dealers and government agents. Of these, the automotive segment accounts for a principal portion of the worldwide market, which is likely to expand in the coming years.

Regional Analysis:

Geographically, the global consumer telematics market is segmented into North America, Europe, Asia Pacific, and LAMEA. 

In the coming years, Asia-Pacific is foreseen to become a leading automotive market in the future, which will boost the consumer telematics market in the region. The increase in sales is primarily due to the rise in population and the increase in disposable income. 

LAMEA consumer telematics market is also predicted to grow at a good pace, due to increasing government regulations for vehicles, as well as driver safety.

Consumer Telematics Market Size By Region (2020 - 2025)

Key Market Players:

Some of the key market players are TE Connectivity, STMicroelectronics, Littelfuse Inc., Robert Bosch GmbH, Continental AG, Delphi Technologies, Analog Devices Inc., NXP Semiconductors, Sensata Technologies Inc., Infineon Technologies AG, Denso Corporation, Autoliv Inc., Texas Instruments Incorporated, Hitachi Automotive Systems Americas Inc., Maxim Integrated, GMS Instruments BV, Broadcom, Piher Sensors & Controls, Quanergy Systems Inc., Innoviz Technologies LTD, Velodyne Lidar Inc., and Elmos Semiconductor AG, among others.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Consumer Telematics Market, By Type                           

                                6.1.1 OEM          

                                6.1.2 Aftermarket           

                                6.1.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.4 Y-o-Y Growth Rate Analysis              

                                6.1.5 Market Attractiveness Index           

                6.2 Consumer Telematics Market, By End-User                  

                                6.2.1 Automotive            

                                6.2.2 Healthcare              

                                6.2.3 Insurance

                                6.2.4 Media & Entertainment    

                                6.2.5 Vehicle Dealers     

                                6.2.6 Government Agencies       

                                6.2.7 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.8 Y-o-Y Growth Rate Analysis              

                                6.2.9 Market Attractiveness Index           

                6.3 Consumer Telematics Market, By Application                              

                                6.3.1 Solutions 

                                6.3.2 Services   

                                6.3.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.3.4 Y-o-Y Growth Rate Analysis              

                                6.3.5 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                    

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Type    

                                7.2.3 By End-User           

                                7.2.4 By Application       

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By End-User           

                                7.3.4 By Application       

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By End-User           

                                7.4.4 By Application       

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By End-User           

                                7.5.4 By Application       

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Type    

                                7.6.3 By End-User           

                                7.6.4 By Application       

8. Key Player Analysis                                    

                8.1 TE Connectivity                        

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Robert Bosch GmbH               

                8.3 Continental AG                         

                8.4 Delphi Technologies               

                8.5 NXP Semiconductors                              

                8.6 Sensata Technologies Inc.                    

                8.7 Infineon Technologies AG                    

                8.8 Denso Corporation                  

                8.9 Autoliv Inc.                 

                8.10 Texas Instruments Incorporated                     

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of Type and Technology along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Consumer Telematics Market By Region, From 2020-2025 ( USD Billion )
  2. Global Consumer Telematics Market By Type, From 2020-2025 ( USD Billion )
  3. Global OEM Market By Region, From 2020-2025 ( USD Billion )
  4. Global Aftermarket Market By Region, From 2020-2025 ( USD Billion )
  5. Global Consumer Telematics Market By End-User, From 2020-2025 ( USD Billion )
  6. Global Automotive Market By Region, From 2020-2025 ( USD Billion )
  7. Global Healthcare Market By Region, From 2020-2025 ( USD Billion )
  8. Global Insurance Market By Region, From 2020-2025 ( USD Billion )
  9. Global Media & Entertainment Market By Region, From 2020-2025 ( USD Billion )
  10. Global Vehicle Dealers Market By Region, From 2020-2025 ( USD Billion )
  11. Global Government Agencies Market By Region, From 2020-2025 ( USD Billion )
  12. Global Consumer Telematics Market By Application, From 2020-2025 ( USD Billion )
  13. Global Solutions Market By Region, From 2020-2025 ( USD Billion )
  14. Global Services Market By Region, From 2020-2025 ( USD Billion )

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