Nebraska News Desk

Automotive Embedded Telematics Market Uplift Growth Of $37.69 Billion By 2025: Grand View Research, Inc.

May 09
11:06 2019
Automotive Embedded Telematics Market Uplift Growth Of $37.69 Billion By 2025: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.

According to report published by Grand View Research,Increased demand for real-time vehicle tracking and advanced driver safety features are some of the factors expected to drive the automotive embedded telematics market growth.

According to a report, “Automotive Embedded Telematics Market Size, Share & Trends Analysis Report By Component, By Solution (Remote Diagnostics, Information & Navigation), By Application, And Segment Forecasts, 2018 – 2025”, published by Grand View Research, Inc.,The global automotive embedded telematics market size is expected to attain a valuation of USD 37.69 billion by 2025. It is anticipated to expand at a CAGR of 20.9% over the forecast period. Increased demand for real-time vehicle tracking and advanced driver safety features are some of the factors expected to drive the market growth.

The automotive embedded telematics market is expected to witness significant growth over the forecast period on account of the provision of customization options such as bundled packages, pay-per-use services, and premium subscription services. Moreover, government regulations such as eCall by the European Union (EU) in 2018, CONTRAN 245 by Brazil in 2013, and ERA-GLONASS by Russia in 2013 have encouraged the adoption of these systems.

Key Takeaways from the report:

  • Automotive manufacturers are apportioning considerable investment capital and dedicating company resources towards developing autonomous vehicles. This is anticipated to lead to a subsequent rise in the adoption of automotive embedded telematics systems

  • Key companies in North America including Verizon and Mix Telematics are developing various advanced solutions in the automotive embedded telematics market and thus expected to encourage regional market growth in near future

  • Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period and is projected to reach USD 13.0 billion by 2025

  • The key market participants include Ford Motor Company, Continental AG, General Motors, TomTom Telematics BV, Hyundai Motor Company, Toyota Motor Corporation, MiX Telematics International Ltd., INFINITI Motor Company Ltd., BMW AG, and Verizon Connect, to enumerate a few.

Europe automotive embedded telematics market size, by solution, 2014 - 2025 (USD Billion)

Browse More Reports in Sensors & Controls Industry:

  • Industrial Valves and Actuators Market – Spiraling demand from industrial sectors such as oil and gas, water and wastewater treatment, and energy and power industry is anticipated to stoke the growth of the market.
  • Control Valves Market – The market is driven by rising demand from end use industries such as water & wastewater treatment, oil & gas, and energy & power industry.

North America automotive embedded telematics market share, by application, 2017 (%)

The increasing volumes of passenger and commercial vehicles and demand for improved in-vehicle connectivity in the Asia Pacific region are expected to accelerate the market growth. The installation/inclusion of features such as automatic collision notifications, hands-free calling, and driver assistance in connected passenger and commercial vehicles further encourages the growing adoption of automotive embedded telematics systems. Introduction of navigation services, along with the implementation of data services such as application-based services, content management, among others are anticipated to further fuel the demand in near future.

Stringent government regulations concerning the safety of passengers have necessitated Original Equipment Manufacturers (OEMs) to install security systems in vehicles. The European Union mandated the inclusion of an eCall alarm system in all passenger cars and light commercial vehicles produced post May 2018. The regulation applies to all new cars manufactured in Europe. In addition to instantaneous deployment of airbags, the eCall system automatically places a call to an emergency response center in the event of an accident or other emergencies. The GPS installed in the car is used to determine the vehicle’s location to facilitate immediate deployment of emergency assistance to that location. Such favorable government policies are anticipated to contribute to the market expansion in the forthcoming years.

Grand View Research has segmented the global automotive embedded telematics market based on component, solution, application, and region:

Automotive Embedded Telematics Component Outlook (Revenue, USD Million, 2014 – 2025)

  • Hardware

  • Service

  • Connectivity

Automotive Embedded Telematics Solution Outlook (Revenue, USD Million, 2014 – 2025)

  • Safety & Security

  • Information & Navigation

  • Entertainment

  • Remote Diagnostics

Automotive Embedded Telematics Application Outlook (Revenue, USD Million, 2014 – 2025)

  • Passenger Cars

  • Commercial Vehicles

Automotive Embedded Telematics Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

  • Middle East & Africa (MEA)

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grad View Research, Inc.

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information:

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: United States