Summary
Telematics Market Research: Component (Hardware, Software and Services), Connectivity Type (Satellite-Based Telematics, Cellular Network-Based Telematics, Bluetooth & Wi-Fi-Based Telematics), Vehicle Type (Passenger Vehicles, Commercial Vehicles, Off-Highway Vehicles), Application (Fleet Management, Vehicle Tracking & Monitoring, Driver Behavior Analysis, Predictive Maintenance, Infotainment & Navigation, Insurance Telematics (Usage-Based Insurance), Emergency & Roadside Assistance and Others) Forecast to 2035
Market Overview
According to the MRFR, the global Telematics market is estimated to reach USD 681,824.2 million in 2035, up from USD 129,177.36 million in 2024, with a 14.5% CAGR during the assessment period.
The telematics industry encompasses the combined use of telecommunications and informatics to send, receive, and store data in order to control remote devices. With the global adoption of modern technology, the telematics market has expanded its scope to include car technologies, electrical engineering, computer science, and many more. Wireless Connectivity in autos, the industrial sector, and many other areas drives the telematics business significantly. The telematics market has grown dramatically because of the government's various attempts to improve on-road safety. Because of the shifting market conditions, many critical organizations are modifying their business strategies and beginning to deal more cost-effectively.
The developing improvement in digital technology makes the telematics solution industry more likely to flourish. The telematics solutions market has enabled communication between humans and machines, and it is likely to expand more throughout the forecasted time. Artificial intelligence, which is the driving force behind transportation, automation, construction, and industrial applications, is one of the most rapidly evolving technologies.
Market Segment insights
The global Telematics market is segmented into three components: hardware, software, and services.
Satellite-Based Telematics, Cellular Network-Based Telematics, Bluetooth-Based Telematics, and Wi-Fi-Based Telematics are the four connectivity types in the Global Telematics Market.
The Global Telematics Market is classified into three vehicle types: passenger vehicles, commercial vehicles, and off-highway vehicles.
The global Telematics Market is segmented by application, including Fleet Management, Vehicle Tracking & Monitoring, Driver Behavior Analysis, Predictive Maintenance, Infotainment & Navigation, Insurance Telematics (Usage-Based Insurance), Emergency & Roadside Assistance, and Others.
Regional Analysis
The global Telematics Market is segmented into five regions: North America, Europe, Asia Pacific, South America, and the Middle East and Africa. North America dominates the market, with a 43.4% share and a 14.0% CAGR. North America dominates the worldwide telematics research market due to rapid technological adoption in recent years. Europe is competing fiercely with North America and hence ranks second in the world. The European region is leading due to advancements in the automotive industry. Because Asia-Pacific is the fastest-growing area in all aspects, it ranks third in the global market share of the telematics research industry. This is due to an increase in government initiatives.
Major Players
Verizon Communication Inc. (U.S.), HARMAN International Industries Inc. (U.S.), Tom-Tom International BV (Netherlands), AT&T (U.S.), Vodafone Group Plc. (U.K.), Ford Motor Company (U.S.), BMW Group (Germany), Telefonica SA (Spain), Mix Telematics (South Africa), Trimble Navigation Ltd. (U.S.), Tantalum Corporation (U.K.), NXP Semiconductors (Netherlands), Calamp Corp. (U.S.), and ORBCOMM Inc.
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Table of Contents
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY ............................................................................................................... 19
2 MARKET INTRODUCTION ............................................................................................................ 21
2.1 DEFINITION .................................................................................................................................................................. 21
2.2 SCOPE OF THE STUDY .............................................................................................................................................. 21
2.3 RESEARCH OBJECTIVE ............................................................................................................................................ 21
2.4 MARKET STRUCTURE .............................................................................................................................................. 22
3 RESEARCH METHODOLOGY ...................................................................................................... 23
3.1 OVERVIEW .................................................................................................................................................................... 23
3.2 DATA FLOW .................................................................................................................................................................. 25
3.2.1 DATA MINING PROCESS ................................................................................................................................. 25
3.3 PURCHASED DATABASE: ......................................................................................................................................... 26
3.4 SECONDARY SOURCES: ............................................................................................................................................ 27
3.4.1 SECONDARY RESEARCH DATA FLOW: ............................................................................................................. 28
3.5 PRIMARY RESEARCH: ............................................................................................................................................... 29
3.5.1 PRIMARY RESEARCH DATA FLOW: ................................................................................................................. 30
3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED ......................................................................... 31
3.6 APPROACHES FOR MARKET SIZE ESTIMATION: ........................................................................................... 32
3.6.1 CONSUMPTION NET TRADE APPROACH ......................................................................................................... 32
3.6.2 REVENUE ANALYSIS APPROACH ..................................................................................................................... 32
3.7 DATA FORECASTING................................................................................................................................................. 33
3.7.1 DATA FORECASTING TECHNIQUE .................................................................................................................... 33
3.8 DATA MODELING ........................................................................................................................................................ 34
3.8.1 MICROECONOMIC FACTOR ANALYSIS: ............................................................................................................ 34
3.8.2 DATA MODELING: ........................................................................................................................................... 36
3.9 TEAMS AND ANALYST CONTRIBUTION ........................................................................................................... 38
4 MARKET DYNAMICS .................................................................................................................... 41
4.1 OVERVIEW .................................................................................................................................................................... 41
4.2 DRIVERS ......................................................................................................................................................................... 41
4.2.1 RISING DEMAND FOR FLEET MANAGEMENT SOLUTIONS ................................................................................. 41
4.2.2 GROWING FOCUS ON VEHICLE SAFETY AND REGULATIONS ............................................................................. 42
4.2.3 ADVANCEMENTS IN IOT AND CONNECTIVITY TECHNOLOGIES ......................................................................... 42
4.3 RESTRAINTS ................................................................................................................................................................ 44
4.3.1 DATA PRIVACY ,SECURITY CONCERNS AND STRONG REGULATIONS ................................................................ 44
4.3.2 HIGH INITIAL DEPLOYMENT COST .................................................................................................................. 44
4.4 OPPORTUNITIES ......................................................................................................................................................... 45
4.4.1 USAGE-BASED INSURANCE (UBI) ..................................................................................................................... 45
4.4.2 ROLE OF TELEMATICS IN ENABLING GNSS-BASED TOLLING SOLUTIONS .......................................................... 45
4.5 TRENDS .......................................................................................................................................................................... 46
4.5.1 5G-ENABLED REAL-TIME TELEMATICS SOLUTIONS .......................................................................................... 46
4.5.2 AI-POWERED PREDICTIVE ANALYTICS IN TELEMATICS .................................................................................... 47
4.6 COVID-19 IMPACT ANALYSIS ................................................................................................................................ 47
4.6.1 IMPACT ON OVERALL ICT ............................................................................................................................... 47
4.6.2 IMPACT ON TELEMATICS MARKET ................................................................................................................. 47
4.6.3 IMPACT OF MARKET DEMAND ........................................................................................................................ 48
4.6.4 IMPACT OF MARKET PRICING ......................................................................................................................... 48
5 MARKET FACTOR ANALYSIS ...................................................................................................... 49
5.1 SUPPLY CHAIN ANALYSIS ..................................................................................................................................... 49
5.1.1 RAW MATERIAL & COMPONENT SOURCING ..................................................................................................... 49
5.1.2 DEVELOPMENT AND MANUFACTURING ........................................................................................................... 50
5.1.3 SYSTEM INTEGRATION ................................................................................................................................... 50
5.1.4 DISTRIBUTION CHANNELS .............................................................................................................................. 50
5.1.5 CUSTOMERS/END USERS ................................................................................................................................ 50
5.2 PORTER’S FIVE FORCE ANALYSIS ....................................................................................................................... 51
5.2.1 THREAT OF NEW ENTRANTS ........................................................................................................................... 51
5.2.2 BARGAINING POWER OF SUPPLIERS ............................................................................................................... 51
5.2.3 THREAT OF SUBSTITUTES .............................................................................................................................. 52
5.2.4 BARGAINING POWER OF BUYERS .................................................................................................................... 52
5.2.5 INTENSITY OF RIVALRY .................................................................................................................................. 52
6 GLOBAL TELEMATICS MARKET, BY COMPONENT ................................................................... 54
6.1 OVERVIEW .................................................................................................................................................................... 54
6.2 HARDWARE .................................................................................................................................................................. 55
6.3 SOFTWARE ................................................................................................................................................................... 56
6.4 SERVICES ...................................................................................................................................................................... 56
7 GLOBAL TELEMATICS MARKET, BY CONNECTIVITY TYPE ..................................................... 57
7.1 INTRODUCTION ........................................................................................................................................................... 57
7.2 SATELLITE-BASED TELEMATICS ........................................................................................................................ 58
7.3 CELLULAR NETWORK-BASED TELEMATICS ................................................................................................... 58
7.4 BLUETOOTH & WI-FI-BASED TELEMATICS ...................................................................................................... 58
8 GLOBAL TELEMATICS MARKET, BY VEHICLE TYPE ................................................................. 59
8.1 INTRODUCTION ........................................................................................................................................................... 59
8.2 PASSENGER VEHICLES ............................................................................................................................................ 59
8.3 COMMERCIAL VEHICLES......................................................................................................................................... 60
8.4 OFF-HIGHWAY VEHICLES ....................................................................................................................................... 60
9 GLOBAL TELEMATICS MARKET, BY APPLICATION................................................................... 61
9.1 INTRODUCTION ........................................................................................................................................................... 61
9.2 FLEET MANAGEMENT ............................................................................................................................................. 62
9.3 VEHICLE TRACKING & MONITORING .................................................................................................................. 62
9.4 DRIVER BEHAVIOUR ANALYSIS ........................................................................................................................... 62
9.5 PREDICTIVE MAINTENANCE ................................................................................................................................. 62
9.6 INFOTAINMENT & NAVIGATION .......................................................................................................................... 62
9.7 INSURANCE TELEMATICS (USAGE-BASED INSURANCE) ........................................................................... 63
9.8 EMERGENCY & ROADSIDE ASSISTANCE ........................................................................................................... 63
9.9 OTHERS .......................................................................................................................................................................... 63
10 GLOBAL TELEMATICS MARKET, BY REGION ............................................................................ 64
10.1 OVERVIEW .................................................................................................................................................................... 64
10.1.1 GLOBAL TELEMATICS MARKET, BY REGION, 2019–2035 (USD MILLION) ........................................................... 64
10.2 NORTH AMERICA ....................................................................................................................................................... 65
10.2.1 US.................................................................................................................................................................. 68
10.2.2 CANADA ........................................................................................................................................................ 70
10.2.3 MEXICO ......................................................................................................................................................... 71
10.3 EUROPE .......................................................................................................................................................................... 74
10.3.1 UK ................................................................................................................................................................. 78
10.3.2 GERMANY ...................................................................................................................................................... 79
10.3.3 FRANCE ......................................................................................................................................................... 82
10.3.4 ITALY ............................................................................................................................................................. 83
10.3.5 RUSSIA .......................................................................................................................................................... 86
10.3.6 SPAIN ............................................................................................................................................................ 87
10.3.7 SWEDEN ........................................................................................................................................................ 89
10.3.8 REST OF EUROPE ............................................................................................................................................ 91
10.4 ASIA-PACIFIC ............................................................................................................................................................... 93
10.4.1 CHINA ............................................................................................................................................................ 97
10.4.2 INDIA ............................................................................................................................................................. 98
10.4.3 JAPAN ........................................................................................................................................................... 100
10.4.4 SOUTH KOREA ................................................................................................................................................ 101
10.4.5 MALAYSIA ..................................................................................................................................................... 103
10.4.6 THAILAND ...................................................................................................................................................... 105
10.4.7 INDONESIA ..................................................................................................................................................... 107
10.4.8 AUSTRALIA .................................................................................................................................................... 109
10.4.9 REST OF ASIA PACIFIC.................................................................................................................................... 111
10.5 SOUTH AMERICA ....................................................................................................................................................... 113
10.5.1 BRAZIL ........................................................................................................................................................... 117
10.5.2 ARGENTINA ................................................................................................................................................... 118
10.5.3 REST OF SOUTH AMERICA .............................................................................................................................. 120
10.6 MIDDLE EAST & AFRICA .......................................................................................................................................... 123
10.6.1 GCC COUNTRIES............................................................................................................................................. 126
10.6.2 SOUTH AFRICA ............................................................................................................................................... 128
10.6.3 REST OF MIDDLE EAST AND AFRICA ................................................................................................................ 131
11 COMPETITIVE LANDSCAPE ........................................................................................................ 134
11.1 INTRODUCTION ........................................................................................................................................................... 134
11.2 MARKET SHARE ANALYSIS, 2023 ....................................................................................................................... 136
11.3 COMPETITOR DASHBOARD..................................................................................................................................... 137
11.4 KEY DEVELOPMENTS & GROWTH STRATEGIES ............................................................................................ 138
11.4.1 PRODUCT LAUNCH/PRODUCT APPROVAL/PRODUCT DEVELOPMET ................................................................. 138
11.4.2 PARTNERSHIP/INVESTMENT .......................................................................................................................... 139
12 COMPANY PROFILE .................................................................................................................... 141
12.1 VERIZON ........................................................................................................................................................................ 141
12.1.1 COMPANY OVERVIEW ..................................................................................................................................... 141
12.1.2 FINANCIAL OVERVIEW .................................................................................................................................... 142
12.1.3 PRODUCTS OFFERED ...................................................................................................................................... 143
12.1.4 KEY DEVELOPMENTS ...................................................................................................................................... 144
12.1.5 SWOT ANALYSIS ............................................................................................................................................ 145
12.1.6 KEY STRATEGIES ............................................................................................................................................ 145
12.2 HARMAN INTERNATIONAL ................................................................................................................................... 147
12.2.1 COMPANY OVERVIEW ..................................................................................................................................... 147
12.2.2 FINANCIAL OVERVIEW .................................................................................................................................... 148
12.2.3 PRODUCTS OFFERED ...................................................................................................................................... 148
12.2.4 KEY DEVELOPMENTS ...................................................................................................................................... 149
12.2.5 SWOT ANALYSIS ............................................................................................................................................ 150
12.2.6 KEY STRATEGIES ............................................................................................................................................ 150
12.3 TOMTOM INTERNATIONAL BV ............................................................................................................................ 151
12.3.1 COMPANY OVERVIEW ..................................................................................................................................... 151
12.3.2 FINANCIAL OVERVIEW .................................................................................................................................... 152
12.3.3 PRODUCTS OFFERED ...................................................................................................................................... 153
12.3.4 KEY DEVELOPMENTS ...................................................................................................................................... 155
12.3.5 SWOT ANALYSIS ............................................................................................................................................ 155
12.3.6 KEY STRATEGIES ............................................................................................................................................ 156
12.4 AT&T ............................................................................................................................................................................... 157
12.4.1 COMPANY OVERVIEW ..................................................................................................................................... 157
12.4.2 FINANCIAL OVERVIEW .................................................................................................................................... 158
12.4.3 PRODUCTS OFFERED ...................................................................................................................................... 159
12.4.4 KEY DEVELOPMENTS ...................................................................................................................................... 162
12.4.5 SWOT ANALYSIS ............................................................................................................................................ 162
12.4.6 KEY STRATEGIES ............................................................................................................................................ 162
12.5 VODAFONE GROUP PLC ............................................................................................................................................ 164
12.5.1 COMPANY OVERVIEW ..................................................................................................................................... 164
12.5.2 FINANCIAL OVERVIEW .................................................................................................................................... 165
12.5.3 PRODUCTS OFFERED ...................................................................................................................................... 166
12.5.4 KEY DEVELOPMENTS ...................................................................................................................................... 168
12.5.5 SWOT ANALYSIS ............................................................................................................................................ 168
12.5.6 KEY STRATEGIES ............................................................................................................................................ 168
12.6 FORD MOTOR COMPANY ......................................................................................................................................... 170
12.6.1 COMPANY OVERVIEW ..................................................................................................................................... 170
12.6.2 FINANCIAL OVERVIEW .................................................................................................................................... 171
12.6.3 PRODUCTS OFFERED ...................................................................................................................................... 172
12.6.4 KEY DEVELOPMENTS ...................................................................................................................................... 172
12.6.5 SWOT ANALYSIS ............................................................................................................................................ 173
12.6.6 KEY STRATEGIES ............................................................................................................................................ 173
12.7 TELEFÓNICA S.A. ........................................................................................................................................................ 174
12.7.1 COMPANY OVERVIEW ..................................................................................................................................... 174
12.7.2 FINANCIAL OVERVIEW .................................................................................................................................... 176
12.7.3 PRODUCTS OFFERED ...................................................................................................................................... 177
12.7.4 KEY DEVELOPMENTS ...................................................................................................................................... 178
12.7.5 SWOT ANALYSIS ............................................................................................................................................ 179
12.7.6 KEY STRATEGIES ............................................................................................................................................ 179
12.8 POWERFLEET .............................................................................................................................................................. 180
12.8.1 COMPANY OVERVIEW ..................................................................................................................................... 180
12.8.2 FINANCIAL OVERVIEW .................................................................................................................................... 182
12.8.3 PRODUCTS OFFERED ...................................................................................................................................... 182
12.8.4 KEY DEVELOPMENTS ...................................................................................................................................... 184
12.8.5 SWOT ANALYSIS ............................................................................................................................................ 185
12.8.6 KEY STRATEGIES ............................................................................................................................................ 185
12.9 GEOTAB INC.................................................................................................................................................................. 186
12.9.1 COMPANY OVERVIEW ..................................................................................................................................... 186
12.9.2 FINANCIAL OVERVIEW .................................................................................................................................... 187
12.9.3 PRODUCTS OFFERED ...................................................................................................................................... 187
12.9.4 KEY DEVELOPMENTS ...................................................................................................................................... 188
12.9.5 SWOT ANALYSIS ............................................................................................................................................ 188
12.9.6 KEY STRATEGIES ............................................................................................................................................ 188
12.10 NXP SEMICONDUCTORS .......................................................................................................................................... 190
12.10.1 COMPANY OVERVIEW ..................................................................................................................................... 190
12.10.2 FINANCIAL OVERVIEW .................................................................................................................................... 191
12.10.3 PRODUCTS OFFERED ...................................................................................................................................... 192
12.10.4 KEY DEVELOPMENTS ...................................................................................................................................... 192
12.10.5 SWOT ANALYSIS ............................................................................................................................................ 193
12.10.6 KEY STRATEGIES ............................................................................................................................................ 193
