Global Automotive Telematics Box (T-Box) Market Overview:
Telematics is an automobile communication technology that relies on information flowing to and from vehicles via wireless networks. The automobile industry is being pushed into the information age by the convergence of wireless communications, location technology, and in-vehicle electronics. Data is generated in the vehicle unit and relayed to the back office systems, or the back office systems push data to the vehicle unit such as maps, weather forecasts, stock updates, Internet data packets, and so on. This communication takes place via cell phone or the unit installed in the vehicle itself. The vehicle communicates and maps its location using a network of cellular towers and satellite systems. Telematics is not a new addition to the automotive industry, in fact, General Motors - OnStar was the first to investigate and commercialize this technology in 1996.
|Unit||Value (USD Million)|
|Customization Scope||Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility|
- The Growth in Technological Advancement in Automobile Industry has Been Driving the Market.
- Regulations by Different Governments for Data Privacy Can Hinder the Market Growth.
- The Development of EV Technology Will is Bringing in More Opportunities for the Market.
- Rising Cyber Security Threats Will, beholding the Market Growth.
To entice more end users, market players are focusing on providing automotive telematics boxes (T-Box) of higher quality while adhering to all regulatory standards. In the global Automotive, telematics box (T-Box) market; there are numerous large and small-scale service providers. They are also concentrating on the implementation of numerous advanced technologies. Furthermore, the numerous industry profits have led to the entry of new players, raising the level of rivalry in an already competitive market. The Automotive telematics box (T-Box) market is currently expanding due to the rapid advancement of technology in IoT and the increased use of EVs and smartphones. Some of the key players in this market follow strategies, which include new product offerings, product approvals, partnerships and alliances, mergers and acquisitions, and business expansions.
Some of the key players profiled in the report are LG (South Korea), Qualcomm (United States), Huawei (China), Hyundai (South Korea), Samsung (South Korea), Ford (United States), Toyota (Japan), General Motors (United States), Valeo (France) and Denso (Japan). Additionally, following companies can also be profiled that are part of our coverage like LANYOU Technology (China), Continental (Germany), ECARX (China) and Jingwei Hirain Technologies (China). Considering Market by , the sub-segment i.e. will boost the Automotive Telematics Box (T-Box) market.
Latest Market Insights:
In April 2022, Qualcomm announced that it has completed its rather complicated acquisition of Arrive. The acquisition completes the software stack for Advanced Driver Assistance Systems (ADAS) and Autonomous Driving (AD) solutions.
To meet the increasing demand for premium driving experiences and connected in-vehicle services, Qualcomm Technologies, Inc. in February 2022 introduced new and enhanced solutions to its rapidly expanding automotive technology portfolio. Further enhancing its Snapdragon Digital Chassis connected vehicle platforms, Qualcomm Technologies introduced a feature for Snapdragon Car-to-Cloud Services – Connectivity-as-a-Service – that brings new technology collaborations to support out-of-the-box connectivity, integrated analytics, and a cloud and device developer environment aimed to deliver new technology features, content and services globally.
The Federal Trade Commission (FTC) and the Department of Transportation’s (DOT) National Highway Traffic Safety Administration (NHTSA) are primarily responsible for protecting consumers and ensuring passenger vehicles’ safety, respectively. FTC has the authority to protect consumer privacy and has issued reports and guidance and conducted workshops on the topic generally as well as on connected vehicles specifically. NHTSA has broad authority over the safety of passenger vehicles and considers the privacy effects and implications of its regulations and guidance.
What Can be Explored with the Automotive Telematics Box (T-Box) Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Automotive Telematics Box (T-Box) Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Automotive Telematics Box (T-Box)
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Automotive 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 Automotive 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 Semiconductor manufacturers, Telecommunication companies, Automobile manufacturers, SAAS Companies, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations 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.