Market Snapshot:
Telematics is a communication technology for the automotive industry that flows through a wireless network to a vehicle and is based on the information generated by the vehicle. It is the fusion of wireless communications, location technology, and vehicle electronics that is driving the automotive industry into the information age. The data is generated by the vehicle unit and transferred to the back office system, or the back office system pushes data such as maps, weather forecasts, inventory updates, internet data packets, etc. to the vehicle unit. This communication is done via a mobile phone or a unit mounted on the vehicle. Vehicle communication and location mapping are done via a network of cell towers and satellite systems. Telematics is not a new feature in the automotive industry. Reactivating telematics and becoming a serious competitor in the automotive industry was the advent of smartphones followed by consumer demand for instant, always-on connections. Today, most telematics setups use smartphones to connect to vehicles and access industry content such as media, banking, and insurance. These combined reasons are driving the telematics phenomenon. OEM telematics sales are expected to grow due to a surge in demand
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The key Players profiled in the report are Cisco systems Inc. (United States), TomTom (Netherlands), AirIQ (Canada), Verizon communications inc (United States), Fleetmatics Group (Ireland), MiX Telematics (South Africa), Trimble (United States), Actsoft (United States), KORE (United States) and Masternaut (France). Additionally, other players that are part of this comprehensive study are Octo telematics ltd (United Kingdom), Gps insight (United States), Zonar systems (United States) and Geotab inc (Canada).
Market Drivers
- Growth in EV popularity is driving the telematics market.
- Government subsidies and investments in the EV market are boosting telematics market growth.
Market Opportunities
- Government updating rules and regulations to promote eco-friendly and low emission vehicles.
- High investments in R&D for automotive cars.
Restraints
- An increase in the use of communication with vehicles is affecting privacy and security.
Geographic Breakdown and Segment Analysis
The Global Electric Vehicle Telematics market presents a comprehensive analysis of the Electric Vehicle Telematics market by product type (Embedded, Retrofitted and Application), by end-user/application (Safety and Security, Information, Navigation and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up.
This section of our report presents a realistic picture of the Global Electric Vehicle Telematics industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Electric Vehicle Telematics market
Analyst at AMA have segmented the market study of Global Electric Vehicle Telematics market by Type, Application and Region.. .
Market Developments Activities:
Cisco (NASDAQ: CSCO) today announced the completion of the acquisition of IMImobile PLC (AIM: IMO). IMImobile is a leading global provider of cloud communications software and services that manage business-critical interactions at scale.
Trimble® BD9250, a dual-frequency OEM GNSS receiver module that supports Trimble RTX correction services was introduced by Trimble. The receiver is designed to deliver high-accuracy positioning for a range of high-volume, autonomous-ready applications used in the agriculture, construction, robotics, and logistics industries worldwide.
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Key Target Audience
Telematics service providers, EV Manufacturers, New Entrants and Investors, Air Amplifiers Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
Frequently Asked Questions (FAQ):
1. Why many important players are not profiled in the study?
Due to pricing constraints we only profile limited players in the study that includes a mix list of leaders and emerging players, however for evaluation of market size the coverage includes 100+ players.
2. How big is the Electric Vehicle Telematics Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2027
3. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, in case you wish to add or remove certain country or profiled players.
4. What are the key industry trends of the Electric Vehicle Telematics Market ?
- Advanced technology is developing EVs with more range and better battery capacity.