Telematics Systems Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Telematics Systems Market Size will record over 10% CAGR during 2024-2032, driven by the increasing focus on vehicle safety. According to WHO, each year, road accidents claim approximately 1.19 million lives. As safety standards and regulations become more stringent globally, there is a growing demand for advanced telematics solutions that enhance vehicle safety and driver assistance. Telematics systems provide critical features such as real-time monitoring, collision detection, and emergency response capabilities.

The integration of telematics with the Internet of Things (IoT) is emerging as a pivotal trend in the market. By leveraging IoT technologies, telematics systems can offer enhanced real-time data collection, analysis, and communication capabilities. This integration enables seamless connectivity between vehicles, equipment, and infrastructure, facilitating smarter decision-making and operational efficiencies. As organizations seek to capitalize on the benefits of connected ecosystems, the integration of telematics with IoT is becoming increasingly crucial for delivering innovative and responsive solutions.

The telematics systems industry is classified based on channel, solution, offering type, technology, end-user industry, vehicle type, application, deployment model, and region.

The aftermarket segment will grow rapidly through 2032, fueled by the increasing focus on upgrading existing systems with advanced telematics features. The rise in consumer awareness regarding the benefits of aftermarket telematics solutions, including improved safety and operational efficiency, is propelling this segment forward. Additionally, the availability of cost-effective solutions and the growing trend of personalization in automotive experiences are further driving the adoption of aftermarket telematics systems.

The embedded segment will gain significant traction through 2032, as they offer a seamless and efficient way to provide real-time data and connectivity. There is increasing demand for advanced in-vehicle infotainment systems, enhanced driver assistance features, and vehicle-to-everything (V2X) communication. Embedded solutions offer superior performance, reliability, and integration capabilities compared to aftermarket systems. The push for smart cities, connected vehicles, and IoT integration is further accelerating the adoption of embedded telematics systems.

Europe telematics systems industry will witness decent growth through 2032, driven by stringent regulatory standards and a strong focus on sustainability and safety. The European Union's regulations on vehicle emissions, road safety, and digital connectivity are encouraging the integration of telematics systems to enhance compliance and performance. Additionally, the presence of leading automotive manufacturers and technology providers in the region is fostering innovation and accelerating the development of advanced telematics solutions. The increasing investments in smart transportation infrastructure and connected vehicle ecosystems will shape the regional market outlook.

Product Code: 10433

Chapter 1 Methodology and Scope

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360º synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Rising demand for connected vehicles
  - 3.8.1.2 Regulatory mandates
  - 3.8.1.3 Advancements in technology
  - 3.8.1.4 Growing fleet management needs
  - 3.8.1.5 Emerging electric vehicle market
- 3.8.2 Industry pitfalls and challenges
  - 3.8.2.1 Data security concerns
  - 3.8.2.2 High initial investment
3.9 Growth potential analysis
3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Channel, 2021 - 2032 (USD million)

5.1 Key trends
5.2 Original equipment manufacturers (OEM)
5.3 Aftermarket

Chapter 6 Market Estimates and Forecast, By Solution, 2021 - 2032 (USD million)

6.1 Key trends
6.2 Smartphone
6.3 Portable
6.4 Embedded

Chapter 7 Market Estimates and Forecast, By Offering Type, 2021 - 2032 (USD million)

7.1 Key trends
7.2 Hardware
7.3 Services (entry-level, mid-tier, high-end)

Chapter 8 Market Estimates and Forecast, By Technology, 2021 - 2032 (USD million)

8.1 Key trends
8.2 Global positioning system (GPS)
8.3 Cellular
8.4 Satellite
8.5 Wi-Fi
8.6 Bluetooth

Chapter 9 Market Estimates and Forecast, By End-User Industry, 2021 - 2032 (USD million)

9.1 Key trends
9.2 Automotive
9.3 Transportation and logistics
9.4 Insurance
9.5 Healthcare
9.6 Media and entertainment
9.7 Government and utilities

Chapter 10 Market Estimates and Forecast, By Vehicle Type, 2021 - 2032 (USD million)

10.1 Key trends
10.2 Passenger cars
10.3 Light commercial vehicles (LCVs)
10.4 Heavy commercial vehicles (HCVs)
10.5 Two-wheelers
10.6 Off-highway vehicles

Chapter 11 Market Estimates and Forecast, By Application, 2021 - 2032 (USD million)

11.1 Key trends
11.2 Fleet management
11.3 Vehicle tracking
11.4 Satellite navigation
11.5 Vehicle safety communication
11.6 Insurance telematics (usage-based insurance)
11.7 Infotainment
11.8 Remote diagnostics
11.9 Others

Chapter 12 Market Estimates and Forecast, By Deployment Model, 2021 - 2032 (USD million)

12.1 Key trends
12.2 On-Premise
12.3 Cloud-based
12.4 Hybrid

Chapter 13 Market Estimates and Forecast, By Region, 2021 - 2032 (USD million)

13.1 Key trends
13.2 North America
- 13.2.1 U.S.
- 13.2.2 Canada
13.3 Europe
- 13.3.1 UK
- 13.3.2 Germany
- 13.3.3 France
- 13.3.4 Italy
- 13.3.5 Spain
- 13.3.6 Rest of Europe
13.4 Asia Pacific
- 13.4.1 China
- 13.4.2 India
- 13.4.3 Japan
- 13.4.4 South Korea
- 13.4.5 ANZ
- 13.4.6 Rest of Asia Pacific
13.5 Latin America
- 13.5.1 Brazil
- 13.5.2 Mexico
- 13.5.3 Rest of Latin America
13.6 MEA
- 13.6.1 UAE
- 13.6.2 South Africa
- 13.6.3 Saudi Arabia
- 13.6.4 Rest of MEA

Chapter 14 Company Profiles

14.1 AT and T Inc.
14.2 Continental AG
14.3 Fleet Complete
14.4 Geotab Inc.
14.5 Globalstar
14.6 GPS Insight
14.7 Harman International Industries, Inc. (Samsung)
14.8 HERE Technologies
14.9 Intel Corporation
14.10 Masternaut
14.11 Mix Telematics
14.12 Octo Telematics
14.13 PTC Inc.
14.14 Quartix
14.15 Robert Bosch GmbH
14.16 Samsara Networks
14.17 Sierra Wireless
14.18 Spireon
14.19 Telenav
14.20 Teletrac Navman
14.21 TomTom Telematics
14.22 Trimble Inc.
14.23 Verizon Connect
14.24 Vodafone Automotive (formerly Cobra Group)
14.25 Zonar Systems