Global automotive telematics market outlook 2024

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2016-2024 Global Automotive Telematics Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024

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Executive Summary

Sample Request Global Automotive Telematics Market Share (%), By Region-2016-2024

Global Automotive Telematics Market Size USD (Billion). 2016-2024

XX%

CAGR: (2016-2024)

10% 25% 15%

8% 10% 35% 2016 20%

e l p

2024

28%

27%

2016e

2017e

2018f

2019f

Source: Goldstein Research

2020f

2021f

2022f

2023f

2024f

m a S

Smartphone Integration accounted for the highest market share XX% in Global Automotive Telematics Market

In 2016,

Global Automotive Telematics Market Share (%), By Telematic Devices-2016

XX%

50%

Embedded Devices

XX%

Tethered Devices

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With

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Asia Pacific

XX%

Middle East & Africa

North America

Global Automotive Telematics Market Share (%), By Application-2016 Infotainment XX%

Vehicle-toInfrastructure

Stolen Vehicle Tracking

XX%

In-Vehicle

XX%

XX%

XX%

Source: Goldstein Research

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Fleet Management E-Call and roadside Assistance Vehicle Diagnostics

XX% Vehicle-toVehicle

Source: Goldstein Research

Latin America

share in 2016, region dominated the Global Automotive Telematics Market

XX%

30%

Europe

Source: Goldstein Research

Global Automotive Telematics Market Share (%), By Communication Type-2016

Smartphone Integration

20%

North America

22%

Other (Toll Collection and Road Charges etc.)


Major Players Presence-Regional Analysis

Major Players/ Industries

APAC

North America

Europe

Sample Request

Latin America

Middle East & Africa

AT&T Inc Telefonica Telenor Connexion BMW AG General Motors FCA Group Tesla Motors

Airbiquity Inc.

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High Penetration

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Medium Penetration

Low Penetration

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Rest of World


Global Automotive Telematics Market Size (USD Billion) & Growth Analysis Global Automotive Telematics Market Size (USD Billion)-2016-2024 XX

XX

XX% XX%

XX

XX

XX%

XX

XX

e l p

XX%

XX

XX% XX% XX% XX% XX% XX% XX% XX% XX% XX%

XX

XX

XX%

XX

XX XX

XX

XX

XX XX

Global Automotive Telematics Y-O-Y Growth (%) Analysis-2016-2024

XX

XX%

m a S

XX%

XX

XX% XX%

XX

XX%

2016e

XX

2016e

2017e

2018f

Source: Goldstein Research

2019f

2020f

2021f

2022f

2023f

2024f

2017e

2018f

2019f

2020f

2021f

2022f

2023f

Source: Goldstein Research

 Global automotive telematics market is anticipated to expand at a compound annual growth rate of XX% during the forecast period i.e. 2016-2024. With the advancement in technology, the demand for connectivity is increasing everywhere. Vehicle telematics, trailer tracking, and container tracking are the common application areas of telematics. They are used to transform automobiles into communication objects. Earlier telematics were integrated only on premium vehicles; now it's either offered as standard feature on select vehicles, or as an option for the low-priced vehicles. It also enables patient's health tracking while travelling.  eCall project promoted by European Commission (EC) was adopted in Europe in 2013. eCall is targeted to provide assistance to motorists, who have met with road accident and are unable to speak due to injuries. It is applicable for the vehicles in which telematics is installed. Copyright

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2024f


Market Dynamics

Sample Request

Growth Drivers

Government regulations regarding accidents and safety of road transportation

Growth Barriers

m a S Includes anything from GPS to navigation systems for automatic roadside assistance and remote diagnostics

e l p High error rates

Limited aftermarket support

General Trend

Highly Complex

Moderately Complex

Waived

Connectivity Copyright

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North-America Automotive Telematics Market Size (USD Billion) & Y-O-Y growth (%),2016-2024 Sample Request North-America Automotive Telematics Market Size(USD Billion)2016-2024

190,000.0 182,928.4 172,928.4 CAGR: (2016-2024) 152,928.4 141,934.5 131,569.4 122,244.8 113,569.9 105,774.7 98,541.8

North-America Automotive Telematics Market Share By Telematic Devices, 2016-2024

XX%

e l p

15%

2016

48%

37%

m a S

2016e 2017e 2018f 2019f 2020f 2021f 2022f 2023f 2023f 2024f

Source: Goldstein Research

U.S.

2024 35.00% 20.00% Canada

Source: Goldstein Research

Copyright

2024

Tethered Devices

Embedded Devices

42%

39%

Source: Goldstein Research

North-America Automotive Telematics Market Size (USD Millions), By Country-2016-2024

2016 28.00% 15.00%

19%

Smartphone Integration

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North-America Automotive Telematics Market Size (%), By Telematic Devices Type-2016-2024

XX%

XX%

2016 22.00%XX Smartphone Integration

2024 24.00%XX Embedded Devices

Source: Goldstein Research

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Tethered Devices


Porter’s Five Force Model

Customer cannot easily switch to substitute products. So substitutes are not a major threat to this industry. When there are actual and potential substitute products available then segment would be unattractive. Profits and prices are effected by substitutes so, there is need to closely monitor price trends. In substitute industries, if competition rises or technology modernizes then prices and profits decline.

Barriers to Entry Medium to High Presence of Market Players, High end Technology

Supplier Power: Moderate

Intensity of competition among the existing competitors in the market. Intensity of rivalry depends on the number of competitors and their capabilities. Industry rivalry is high when: •There •There are number of small or equal competitors and less when there’s a clear market leader. •Customers have low switching costs •Industry is growing ••Exit Exit barriers are high and rivals stay and compete •Fixed cost are high resulting huge production and reduction in prices Copyright

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The Barriers to Entry are significantly medium to high which means that it will be bumpy road for outside companies to enter into the industry. New entrant is require to offer the innovative and distinguish service or product in order to make place in the competitive space, only such a player tends to establish its market presence .

e l p

Threat of new entrants

m a S Bargaining power of suppliers

Sample Request

Industry Competitors: HIGH Cisco, IBM, Samsung, AT&T, Telefonics, Bosche

Bargaining Power of buyers

Buyer Power: Moderate

Threat of substitute products or services

Substitutes: Medium

The power of Buyers is moderate and they are able to negotiate for better pricing. However on the supplier side, the power of Suppliers is also moderate as there are multiple supplier for a particular systems and these causes, for companies to compete on price when they do not have any point of differentiation.

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