30 Nov -0001
Rockville, Md. Automotive telematics is on a steep climb, with Fact.MR putting global revenue above US$ 27 Bn in 2019 and a 24.2% CAGR through 2022. As telematics moves from novelty to expectation, it is upgrading what cars can do across communication, navigation and safety, and adoption has risen sharply in recent years.
The OEM channel is doing much of the lifting, Europe leads by region, and the technology sits at the centre of the industry's move toward connected, autonomous and electric vehicles.
Original equipment is the clearest growth engine. As carmakers form partnerships and integrate telematics at the factory, OEM has become a streamlined route to market, with revenue through it growing at more than 23% in 2019. Communication, mapping and safety remain the core applications, and their appeal broadens as connected features become selling points.
Europe stays the leading market, home to a dense cluster of established players focused on scaling and widening their portfolios. Asia Pacific excluding Japan is gaining steadily, supported by healthy automobile sales in China and India.
Several forces push in the same direction. Supportive government regulation, near-universal smartphone use, stronger broadband and more capable communication technology all make telematics more useful and more expected. Looking ahead, autonomous driving depends on continuous signal exchange, and the shift to electric and self-driving cars will rely on telematics for satellite navigation and in-car communication, extending the runway for growth.
Innovation is reshaping the competitive field. Visteon Corporation, for example, has shown a digitally advanced cockpit built around high-resolution displays with curved, non-rectangular edges to improve the in-car viewing experience. As newcomers chase the opportunity, established players are turning to mergers and acquisitions to defend and extend their positions.
For suppliers, OEM relationships and next-generation cockpit and connectivity features are the main levers for growth. Investors get a fast-expanding market tied to the connected-vehicle shift. Procurement and product teams can plan around OEM channels leading adoption, Europe carrying the largest share, and autonomous and electric platforms shaping demand through 2022.
Fact.MR's study tracks the global automotive telematics market across 2012 to 2022, with analysis by application, sales channel and region. It sizes the market, maps the competitive field, and weighs the regulatory and technology forces shaping demand. Further detail is available in the automotive telematics market report.
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. The firm is known for its syndicated research, custom research and consulting solutions, helping clients make decisions on demand, competition, investment, procurement and future growth.
Automotive Telematics Market
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Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. We are known for our syndicated research, custom research, and consulting solutions.