Telematics Solutions Market for On & Off-Highway worth 40.84 Billion USD by 2022 The report "Telematics Solutions Market for On & Off-Highway (Services-ACN, eCall, Navigation, RVD, On-Road Assistance, Tracking, Fuel Management, Maintenance, & Diagnostics), Form Factor, Hardware, Equipment Type, Technology, Aftermarket & Region - Forecast to 2022", Increasing demand of diagnostics data for predictive analytics by OEMs, enhanced user experience & convenience feature, government regulations pertaining to safety, integration of smartphone with vehicles and rising need of improved operational efficiency & profitability are the key drivers for Telematics Solutions OE market for on & off-highway vehicles. The market is projected to grow at a CAGR of 14.37%, to reach a market size of USD 40.84 Billion by 2022. Browse 118 Market Data Tables and 68 Figures spread through 219 Pages and in-depth TOC on "Telematics Solutions Market for On & Off-Highway. Objectives of the Study:
To define and segment the telematics solutions market for on-highway vehicles, in terms of volume (‘000 units) and value (USD million), by vehicle type, services, form factor, region, country, and aftermarket
To segment the telematics solutions market for off-highway vehicles and forecast the market size, by value and volume, based on equipment type, services, and technology
To segment the telematics hardware market for on & off-highway vehicles and forecast the market size, by value and volume, based on vehicle type, equipment type, and region
“Telematics Solutions Control Unit for on-highway vehicles is estimated to be the fastest growing market from 2017 to 2022” The introduction of safety regulation such as eCall or stolen vehicle recovery in European region is one of the noticeable factors for this market. This mandate will make compulsory to install TCU in all passenger cars by 2018 within Europe. Also, some key automotive manufactures are offering
their embedded services, especially in North American and European region. Some of them are General Motors - Onstar, Nissan - Connect, Mercedes-Benz- mbrace, BMW ConnectedDrive and Audi - Connect among others. Also, the sale of alternate fuel vehicles has been increased in the recent years. As per the International Energy Agency (IEA), the global BEV & PHEV sales were 753.2 thousand units in 2016 from 47.6 thousand units in 2011 grown at a CAGR of 73.74% over the last five years. As embedded telematics solutions are being provided in most of these vehicles, the market for embedded telematics solutions in electric vehicles is projected to grow in the coming years.
Speak to our analyst for a discussion on the above findings, click Speak to Analyst “North America: Largest Telematics Solutions market for On & Off-highway vehicles� The North America region is projected to be largest market for telematics solutions from 2017 to 2022. The market growth can be attributed to presence of prominent OEMs [General Motors (U.S.) & Ford Motor Company (U.S.)], strategic alliances, exceptional communication infrastructure and higher adoption rate of technological advancements and innovations witnessing the increased demand of premium cars with advanced safety and comfort features. These premium cars are equipped with telematics solutions to enhance user experience. Also, the telematics solutions are being gradually adopted in commercial vehicles to enhance safety. For instance, Volvo Trucks (U.S.), Freightliner (U.S.), and Peterbilt (U.S.) are offering telematics solutions for navigation, vehicle monitoring and diagnostics to optimize the performance. The other factor such as electronic logging device (ELD) mandate, Dedicated Short Range Communication (DSRC) mandate for LCV and increasing government funds for transport infrastructure. From 2014 onwards, the U.S. Department of Transportation (U.S. DOT) increased the transportation budget from USD 2.5 Billion to USD 3.0 billion annually. On the other hand, the continuous development by telematics solutions vendor such as Telogis Inc, Orbcomm Inc for off-highway vehicles will allow the sustainable growth in the coming years The Telematics Solutions market is dominated by a few globally established players such as Robert Bosch GmbH (Germany), Continental AG (Germany), LG Electronics (South Korea), Verizon (U.S.), Harman International (U.S.), and Qualcomm Technologies, Inc. (U.S.).
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