Global Telematics Market – Size, Outlook, Trends and Forecast (2024 – 2032)

Telematics is an interdisciplinary area that includes communications, vehicular technologies, road transportation, road safety, electrical engineering, and computer science. Global telematics market size was valued at $XX billion in 2017 and is estimated to reach $XX billion by 2025 with the CAGR of 20.76% during 2019-2025. The telematics market has advanced speedily over the last few years, starting with the combination of hands-free calling technology towards unified integration into vehicles. Telematics is an addition to the GPS technology which was developed by the military to keep track of equipment. This led to the U.S. government allowing free GPS; henceforth, with the extensive proliferation of internet in the 1990’s, the telematics industry observed a vigorous growth. Telematics assists such as enhanced safety and customer service improved productivity, and fewer labour costs and operating expenses. Commercial and regulatory aspects propel the implementation of telematics. The usage-based insurance and vehicle telematics have increased traction due to lesser premiums, improved safety, and enhanced claims experience for consumers. For insurers, the benefits comprise better risk pricing, modifying the argumentative selection, modifying risk severity, and enhancing brand recognition. The reducing costs of connectivity worldwide have permitted the rapid growth of the market.

Research Study Objectives:

• Define, estimate, and forecast the telematics market statistics automotive, insurance, end users and regions concerning the individual growth drivers, market trends and their contribution toward the telematics market growth
• Provides comprehensive information regarding the key factors influencing the market growth (Drivers, Restraints & Challenges, and Opportunities)
• Estimate & forecast the market size of all the segments concerning geographies including North America, Europe, Asia Pacific (APAC), South America and the Middle East and Africa (MEA).
• Recent competitive developments including M&A (mergers and acquisitions), partnerships, and product innovations are provided in the telematics market analysis report.
• Analysis and conclusions on the future telematics market outlook.

Top-down and bottom-up approaches are used to validate the telematics market size and are used to estimate the size of other dependent submarkets. Key players in the market are identified through various secondary sources; databases including Bloomberg Businessweek, Hoovers, Factiva, journals and associations and the market revenues are estimated and are thoroughly validated through primary and secondary research. Secondary research involves the study of annual and financial reports of top players in the market, whereas primary research includes extensive interviews with the KoL’s such as CEOs, directors, board members, VP’s, sales managers, engineers, marketing executives, technicians, account managers, investors, strategic decision makers and others. The telematics market shares and breakdowns are determined using secondary sources and are verified by the primary sources. All possible parameters/factors that are affecting the telematics market demand are covered in the research study are verified through primary research, analysed and interpreted to get the final qualitative and quantitative data. This data is collected and added with detailed analysis from Envision Inteligence and presented in this report.

The scope of the Report

The telematics market segmentation is as follows:

By Automotive:

• Vehicles by Services
  • Automotive Crash Notification (ACN)
  • Emergency Calling
  • Navigation & Infotainment
  • On-Road Assistance
  • Remote Diagnostics
  • Vehicle Tracking/Recovery
• Vehicles by Form Factor
  • Embedded Telematics Solutions
  • Integrated Telematics Solutions
  • Tethered Telematics Solutions

By Insurance

• Insurance Telematics by Deployment Mode
  • Cloud
  • On-Premises
• Insurance Telematics by Organization Size
  • SMEs
  • Large Enterprises

By End User

• Insurance
• Automotive
• Healthcare
• Others

Geographical Analysis:

Telematics market is segmented by geography into North America, South America, Europe, APAC and Middle East & Africa. U.S., Canada, Mexico and Costa Rica are analysed under North American region which is usually turning as the hotspot in the market. The South American region is further segregated into Brazil, Argentina, Chile, Columbia and some other emerging economies. In Europe, the market is extensively examined by covering U.K., Germany, France, Italy, Spain, Netherlands, Poland, Switzerland and some other promising economies. APAC is further categorised by countries into China, India, Japan, South Korea, Australia & New Zealand, Malaysia, Singapore and many other emerging nations. In the Middle East & African region, Saudi Arabia, UAE, Iran, Iraq, Qatar, South Africa, Algeria, Morocco, Nigeria and so on countries are evaluated to understand the market growth lucidly.

Customisation Options:

With the given research report, Envision Inteligence offers customisations as per the client’s specific requirements. The following customisation options offered for the telematics market include:

• Scope Revision
• Geographic Analysis
• Company Profiles
• Historical Data & Forecasting
• Key Contact Persons in companies

Global Telematics Market Research Report Includes:

• An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
• To have a complete market analysis through industry value chain analysis, Porter’s Five Force Model, PESTLE, SWOT analysis, and Y-o-Y analysis.
• Regional and global diversity is analysed with the major countries and the unions. Scrutinising the revenue generation on Year-On-Year
• Identifying DROC in the current market and their impact on altering market dynamics.
• Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
• Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
• Identify the latest developments, market shares and strategies that are employed by the significant Telematics, such as
  • Octo Telematics
  • AirIQ Inc.
  • LG Electronics Inc.
  • Mix Telematics International Ltd.
  • WEX Inc.

Along with these companies, many other companies are considered in the report while analysing the global telematics market competitive strategies and environment. These companies held substantial share-owning to the nature of the industry whereas, the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players also have considerable presence owing to its robust brand image, geographical reach and stable customer base.