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PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

Global Automotive Telematics Market Outlook and Forecast 2019-2024: LG, HARMAN International, Denso, Continental, Robert Bosch, and Magneti Marelli will Drive Innovations - ResearchAndMarkets.com

February 26, 2019

DUBLIN--(BUSINESS WIRE)--Feb 26, 2019--The “Automotive Telematics Market - Global Outlook and Forecast 2019-2024” report has been added to ResearchAndMarkets.com’s offering.

The global automotive telematics market is projected to reach values of approximately $130 billion by 2024, growing at a CAGR of more than 15% during 2018-2024.

The increasing use of electronics such as collision avoidance systems, infotainment, connected systems, and drive-by-wire technologies will drive the demand in the global market. The players are providing fleet management systems as software-as-a-service which helps in critical business processes such as routing, maintenance, and mileage reporting to attract a maximum number of consumers.

The global automotive telematics market is driven by growing demand for anti-lock braking systems (ABS), engine control units (ECUs), electronic fuel injection systems, and automated locking systems. The increasing presence of manufacturers such as LG Electronics, HARMAN International, Denso, Continental, Robert Bosch, and Magneti Marelli will drive innovations in the global market. The market research report provides in-depth market analysis and segmental analysis of the global automotive telematics market by product, vehicle, installation, application, and geography.

Automotive Telematics Market - Dynamics

The increasing adoption of connected vehicle technology in commercial vehicle is playing an important role in automotive telematics market. The traditional approaches of maintenance are being reduced due to this approach. For example, BMW vehicles connect to Deutsche Telekom’s SmartHome app to offer users control for their home heating and lighting. Sensors are connected to vehicles and these transmit data to the OEMs, this telemetry data will offer remote diagnostic services to fleet managers.

Some of the emerging sensor-based technologies are recognition of road signs, collision avoiding maneuvers, driver face-expression detection, pre-crash deployment of airbags and seatbelts, obstacle detection and so on. These sensors not only sense the obstacles but also react to them by avoiding it, taking control of vehicle etc. if needed. These sensors ensure the safety of the commuters.

There is a structural shift in terms of demand-side behaviour in the automotive industry. The new car ownership models such a carpooling, cab services, rentals are increasing in number due to several reasons like traffic congestion, environmental concerns and so on. To adapt to these changes, the OEMs are focussing on driverless, autonomous vehicle concept.

The OEM players like Audi, Ford, Bosch, Delphi and Continental has already started projects to commercialize the concept of autonomous vehicles. Also, other non-automotive companies like Google and Apple are also investing in development of autonomous vehicles.

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Report Coverage

4.1 Market Definition

4.2 Base Year

4.3 Scope of Study

4.3.1 Market Segmentation by Products

4.3.2 Market Segmentation by Vehicle Type

4.3.3 Market Segmentation by Installation

4.3.4 Market Segmentation by Applications

4.3.5 Market Segmentation by Geography

5 Report Assumptions & Caveats

5.1 Key Caveats

5.2 Inclusions

5.3 Exclusions

5.4 Currency Conversion

5.5 Market Derivation

6 Market at a Glance

7 Introduction

7.1 Overview

7.2 Advanced Driver Assistance System (ADAS)

7.2.1 System Components

7.3 Global Electric Vehicles Market

8 Market Dynamics

8.1 Market Growth Enablers

8.1.1 Increasing Use of ADAS and Telematics as a package

8.1.2 Growing Popularity of Truck Platooning

8.1.3 Increasing Demand for Efficient Connectivity in EVs

8.1.4 Increasing Sales of Luxury Cars

8.2 Market Growth Restraints

8.2.1 Increasing Risks of Cyber-attacks

8.2.2 Slow Penetration of Autonomous Vehicles

8.3 Market Opportunities & Trends

8.3.1 The Rise of Connected Cars

8.3.2 Increasing Use of Advanced Sensors and Cloud Technology in Vehicles

8.3.3 Growing Popularity of Autonomous Vehicles

9 Global Automotive Telematics Market

9.1 Market Overview

9.2 Market Size & Forecast 2018-2024

9.3 Porter’s Five Forces Analysis

10 By Application

10.1 Market Overview

10.2 Remote Diagnostics

10.3 Navigation and Infotainment

10.4 Fleet management

10.5 Safety and Security

10.6 Others

11 By Product

11.1 Market Overview

11.2 Integrated Smartphones

11.3 Embedded devices

11.4 Tethered devices

12 By Installation

12.1 Market Overview

12.2 Aftermarket

12.3 OEM

13 By Vehicle Type

13.1 Market Overview

13.2 Commercial vehicles

13.3 Passenger cars

14 By Geography

14.1 Market Overview


16 North America

17 Europe

18 Latin America

19 Middle-East & Africa

20 Competitive Landscape

20.1 Market Overview

21 Key Company Profiles

21.1 LG Electronics

21.2 Harman International

21.3 DENSO

21.4 Continental AG

22 Other Prominent Companies

22.1 Robert Bosch

22.2 Magneti Marelli

22.3 Visteon

22.4 Valeo

22.5 Laird Technologies

22.6 Ficosa Internacional

22.7 Agero

22.8 Airbiquity

22.9 AT&T

22.10 Delphi

22.11 Intel

22.12 MiX Telematics

22.13 Octo Telematics

22.14 TomTom Telematics

22.15 Verizon Telematics

22.16 AirIQ

22.17 Trimble

22.18 Actsoft INC.

22.19 Inseego

22.20 Daimler Fleetboard

22.21 Masternaut

22.22 CalAmp

22.23 Geotab

22.24 BOX Telematics


For more information about this report visit https://www.researchandmarkets.com/research/q3jl42/global_automotive?w=4

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Related Topics:Telematics and Vehicle Electronics



SOURCE: Research and Markets

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PUB: 02/26/2019 05:06 AM/DISC: 02/26/2019 05:06 AM