Global Telematics Box (T-Box) Market Overview:
Telematics Box also called telematics control unit (TCU) is an on-board automatic diagnostic system. It is a terminal product that detects the running parameters of each system and reads data. It integrates with inspection, maintenance, and management of automobiles to meet the requirements of environmental protection. Telematics Box is comprised of GPS units, electronic processing units, microcontrollers, mobile communication units, and memory, enabling interaction between the terminal information in the car, the cloud and the roadside unit (RSU), and outer interfaces for communications. According to AMA, the Global Telematics Box (T-Box) market is expected to see growth rate of 16.24%
- Growth in Entertainment, Safety & Security and Navigation Services
- Rising Demand for Raw Diagnostic Data for Interpretation & Analysis to Improve Vehicle Performance
- Increasing Adoption of Connected Cars Services
- Developments in 4G and 5G connectivity
- Lack of Standardization and Seamless Connectivity
- Rise in Efforts by the Government for Developing an Intelligent Transportation System
- Increasing Demand for Smartphone Features in the Car and Automated Driving Technologies along with Passenger Safety Features
- Concerns over Cybersecurity
Some of the key players profiled in the report are Robert Bosch GmbH (Germany), Continental AG (Germany), Verizon (United States), Harman International (United States), Aptiv (Ireland), Visteon Corporation (United States), Magneti Marelli S.p.A. (Italy), TomTom N.V. (Netherlands), Qualcomm (United States), Intel Corporation (United States) and AT&T INC. (United States). Additionally, following companies can also be profiled that are part of our coverage like Trimble Inc (United States), MiX Telematics (South Africa), Octo Telematics (Italy), Airbiquity Inc. (United States), Masternaut Limited (United Kingdom), CalAmp (United States), The Descartes Systems Group Inc. (Canada) and Trakm8 Holdings (United Kingdom). Analyst at AMA Research see European and United States Players to retain maximum share of Global Telematics Box (T-Box) market by 2026. Considering Market by , the sub-segment i.e. will boost the Telematics Box (T-Box) market.
Latest Market Insights:
On 16th April 2019, HARMAN International, a wholly-owned subsidiary of Samsung Electronics Co., Ltd. has launched a new future-proof telematics solution with a new approach to vehicle connectivity that will modernize innovative technology within vehicles being manufactured by today’s automakers.
On 15th July 2020, Continental wins serial orders for intelligent antennas and 5G connectivity. As of 2023, Continental will supply two European vehicle manufacturers with intelligent antenna modules and 5G telematics units.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Telematics Box (T-Box) market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Telematics Box (T-Box) market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Telematics Box (T-Box) Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.