According to a new research report, the number of telematics service subscribers using embedded systems will grow at a compound annual growth rate (CAGR) of 39.9 percent from 9.5 million subscribers at the end of 2017 to 153.4 million subscribers at the end of 2020. Moreover, the author forecasts that shipments of embedded car OEM telematics systems worldwide will grow from almost 11.1 million units in 2014 at a CAGR of 31.1 percent to reach 56.0 million units in 2020. Telematics is a user-friendly technology that has gained popularity among end users. In addition to the aforementioned advantages, increasing awareness among customers could is expected to be a major driver during the forecast period. Technological advancements adopted by the automakers have enabled customers to remotely connect to their vehicles. Moreover, this technology helps customers to gain control of the vehicle, which relays timely information on the performance of the vehicle. In addition to the vehicle manufacturers operating in the telematics market, the telematics equipment manufacturers significantly contribute to market expansion. The major factors that drive the telematics market are safety and security concerns, 24×7 connectivity, superior driving features, provision of online vehicle diagnostics & maintenance alerts, advanced connectivity solutions, and others. On the other hand, restraints associated with telematics market are the additional expenses borne by the customer for availing the telematics services, threat of hackers breaching the security and accessing data or causing nuisance to the vehicle system, non-availability of uninterrupted & seamless connectivity, and lack of awareness among customers in certain regions. Market Analysis and Insights: Global Automotive OEM Telematics Market The global Automotive OEM Telematics market size is projected to reach US$ 61710 million by 2027, from US$ 14920 million in 2020, at a CAGR of 22.0% during 2021-2027. With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Automotive OEM Telematics market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Automotive OEM Telematics market in terms of revenue. On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Automotive OEM Telematics market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Automotive OEM Telematics market. Global Automotive OEM Telematics Scope and Market Size Automotive OEM Telematics market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Automotive OEM Telematics market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027. Segment by Type Solutions Services Segment by Application Passenger Cars HCV LCV MCV Two-wheelers By Region North America U.S. Canada Europe Germany France U.K. Italy Russia Nordic Rest of Europe Asia-Pacific China Japan South Korea Southeast Asia India Australia Rest of Asia Latin America Mexico Brazil Rest of Latin America Middle East & Africa Turkey Saudi Arabia UAE Rest of MEA By Company Verizon Harman TomTom AT&T Vodafone Group PLC Ford Motors Co. BMW Telefonica MiX Telematics Trimble Navigation Limited
1 Report Overview 1.1 Study Scope 1.2 Market Analysis by Type 1.2.1 Global Automotive OEM Telematics Market Size Growth Rate by Type: 2016 VS 2021 VS 2027 1.2.2 Solutions 1.2.3 Services 1.3 Market by Application 1.3.1 Global Automotive OEM Telematics Market Share by Application: 2016 VS 2021 VS 2027 1.3.2 Passenger Cars 1.3.3 HCV
