NEW YORK, Feb. 24, 2022 /PRNewswire/ -- The automotive aftermarket telematics market potential growth difference will be USD 36.07 billion from 2021 to 2026, as per the latest market analysis report by Technavio. The report identifies the market to witness an accelerating growth momentum at a CAGR of 24.59% from 2021 to 2026.
For more insights on the CAGR of YOY growth rate. Read a FREE Sample Report!
The automotive aftermarket telematics market report covers insights on major trends, key growth drivers, and challenges impacting the overall growth of the market. The rise in in-vehicle communication options is one of the key drivers supporting the automotive aftermarket telematics market growth. the demand for mid-range vehicles in APAC, especially in India and China, is increasing because of the improving economic conditions in these countries that have positively affected the financial status of consumers. Moreover, the demand for aftermarket telematics is increasing because of the availability of in-vehicle infotainment panels. Such innovative factors will drive market growth during the forecast period. In addition, the rise in car-connectivity options is another factor supporting the automotive aftermarket telematics market growth. The ability of vehicles on the road to communicate with each other and with other automotive and non-automotive devices and human-machine connectivity is the promise proposed by IoT and connected vehicle technologies.
However, the technical limitations of telematics are one of the factors hindering the automotive aftermarket telematics market growth. Advances in technology and availability of numerous features and diverse connectivity options have made automotive aftermarket telematics and infotainment systems sophisticated. The drivers need to learn how to handle these complex solutions to gain maximum benefit efficiently, and this is a challenge for the global automotive aftermarket telematics market. Such challenges will limit the market growth during the forecast period.
View Market Outlook for additional information on trends, challenges, and drivers.
The automotive aftermarket telematics market analysis includes (passenger cars and commercial vehicles) and geography (APAC, North America, Europe, South America, and MEA). The passenger cars segment held the largest automotive aftermarket telematics market share during 2021. The segment will continue to account for the largest share throughout the forecast period owing to the rise in the automotive industry. The demand for passenger cars is often considered as an indicator of the country's or region's economic development, as it is directly correlated with the industrial output and population demographics. In terms of Geography, APAC was the largest revenue-generating regional segment of the market. 47% of the market's growth will originate from APAC during the forecast period. China and South Korea (Republic of Korea) are the key markets for the automotive aftermarket telematics market in APAC. Market growth in this region will be faster than the growth of the market in other regions. The growth of this region can be attributed to the low-cost manufacturing, a young customer base, and technological push during the forecast period.
The automotive aftermarket telematics market covers the following areas:
Automotive Aftermarket Telematics Market Sizing
Automotive Aftermarket Telematics Market Forecast
Automotive Aftermarket Telematics Market Analysis
Companies Mentioned
Subscribe to our "Lite Plan" billed annually at USD 3000 to join a community, who are eligible to view 3 reports monthly and download 3 reports annually.
Related Reports:
Automotive Aftermarket Market by Vehicle Type and Geography - Forecast and Analysis 2022-2026
Automotive ADAS Aftermarket by Technology and Geography - Forecast and Analysis 2022-2026
Automotive Aftermarket Telematics Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 24.59% |
Market growth 2022-2026 |
$ 36.07 billion |
Market structure |
Fragmented |
YoY growth (%) |
22.86 |
Regional analysis |
APAC, North America, Europe, South America, and MEA |
Performing market contribution |
APAC at 47% |
Key consumer countries |
US, China, Germany, South Korea (Republic of Korea), and UK |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Arvento Mobile Systems, AT and T Inc., Auto-Wares Group Inc., Geotab Inc., Huawei Investment and Holding Co. Ltd., Intel Corp., Novotech Technologies Inc., Samsung Electronics Co. Ltd., Verizon Communications Inc., and Vodafone Group Plc |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
***1. Executive Summary
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key finding 2
*Exhibit 03: Key finding 3
*Exhibit 04: Key finding 5
*Exhibit 05: Key finding 6
*Exhibit 06: Key finding 7
*Exhibit 07: Key finding 8
***2. Market Landscape
**2.1 Market ecosystem
*Exhibit 08: Parent market
*Exhibit 09: Market characteristics
**2.2 Value chain analysis
*Exhibit 10: Value chain analysis: Automotive components and accessories
*2.2.1 Inputs
*2.2.2 Inbound logistics
*2.2.3 Operations
*2.2.4 Distribution and logistics
*2.2.5 Marketing and sales
*2.2.6 Support activities
*2.2.7 Industry innovations
***3. Market Sizing
**3.1 Market definition
*Exhibit 11: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 12: Market segments
**3.3 Market size 2021
**3.4 Market outlook: Forecast for 2021 - 2026
*3.4.1 Estimating growth rates for emerging and high-growth markets
*3.4.2 Estimating growth rates for mature markets
*Exhibit 13: Global - Market size and forecast 2021 - 2026 ($ million)
*Exhibit 14: Global market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 15: Five forces analysis 2021 & 2026
**4.2 Bargaining power of buyers
*Exhibit 16: Bargaining power of buyers
**4.3 Bargaining power of suppliers
*Exhibit 17: Bargaining power of suppliers
**4.4 Threat of new entrants
*Exhibit 18: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 19: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 20: Threat of rivalry
**4.7 Market condition
*Exhibit 21: Market condition - Five forces 2021
***5. Market Segmentation by Application
**5.1 Market segments
*The segments covered in this chapter are:
· Passenger cars
· Commercial vehicles
*Exhibit 22: Application- Market share 2021-2026 (%)
**5.2 Comparison by Application
*Exhibit 23: Comparison by Application
**5.3 Passenger cars - Market size and forecast 2021-2026
*Exhibit 24: Passenger cars - Market size and forecast 2021-2026 ($ million)
*Exhibit 25: Passenger cars - Year-over-year growth 2021-2026 (%)
**5.4 Commercial vehicles - Market size and forecast 2021-2026
*Exhibit 26: Commercial vehicles - Market size and forecast 2021-2026 ($ million)
*Exhibit 27: Commercial vehicles - Year-over-year growth 2021-2026 (%)
**5.5 Market opportunity by Application
*Exhibit 28: Market opportunity by Application
***6. Customer landscape
*Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
**6.1 Overview
*Exhibit 29: Customer landscape
***7. Geographic Landscape
**7.1 Geographic segmentation
*The regions covered in the report are:
· APAC
· North America
· Europe
· South America
· MEA
*Exhibit 30: Market share by geography 2021-2026 (%)
**7.2 Geographic comparison
*Exhibit 31: Geographic comparison
**7.3 APAC - Market size and forecast 2021-2026
*Exhibit 32: APAC - Market size and forecast 2021-2026 ($ million)
*Exhibit 33: APAC - Year-over-year growth 2021-2026 (%)
**7.4 North America - Market size and forecast 2021-2026
*Exhibit 34: North America - Market size and forecast 2021-2026 ($ million)
*Exhibit 35: North America - Year-over-year growth 2021-2026 (%)
**7.5 Europe - Market size and forecast 2021-2026
*Exhibit 36: Europe - Market size and forecast 2021-2026 ($ million)
*Exhibit 37: Europe - Year-over-year growth 2021-2026 (%)
**7.6 South America - Market size and forecast 2021-2026
*Exhibit 38: South America - Market size and forecast 2021-2026 ($ million)
*Exhibit 39: South America - Year-over-year growth 2021-2026 (%)
**7.7 MEA - Market size and forecast 2021-2026
*Exhibit 40: MEA - Market size and forecast 2021-2026 ($ million)
*Exhibit 41: MEA - Year-over-year growth 2021-2026 (%)
**7.8 Key leading countries
*Exhibit 42: Key leading countries
**7.9 Market opportunity by geography
*Exhibit 43: Market opportunity by geography ($ million)
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Rise in in-vehicle communication options
*8.1.2 Increasing dependence on telematics for automotive services
*8.1.3 Regulatory mandates leading to wider adoption
**8.2 Market challenges
*8.2.1 Technical limitations of telematics
*8.2.2 Safety and security concerns
*8.2.3 Threat from embedded telematics
*Exhibit 44: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Rise in car-connectivity options
*8.3.2 Increasing number of vehicle launches featuring connected technologies
*8.3.3 Emergence of next-generation telematics protocol
***9. Vendor Landscape
**9.1 Overview
*Exhibit 45: Vendor landscape
**9.2 Landscape disruption
*Exhibit 46: Landscape disruption
*Exhibit 47: Industry risks
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 48: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 49: Market positioning of vendors
**10.3 Arvento Mobile Systems
*Exhibit 50: Arvento Mobile Systems - Overview
*Exhibit 51: Arvento Mobile Systems - Product and service
*Exhibit 52: Arvento Mobile Systems - Key offerings
**10.4 AT and T Inc.
*Exhibit 53: AT and T Inc. - Overview
*Exhibit 54: AT and T Inc. - Business segments
*Exhibit 55: AT and T Inc. - Key News
*Exhibit 56: AT and T Inc. - Key offerings
*Exhibit 57: AT and T Inc. - Segment focus
**10.5 Auto-Wares Group Inc.
*Exhibit 58: Auto-Wares Group Inc. - Product and service
*Exhibit 59: Auto-Wares Group Inc. - Key offerings
**10.6 Geotab Inc.
*Exhibit 60: Geotab Inc. - Overview
*Exhibit 61: Geotab Inc. - Product and service
*Exhibit 62: Geotab Inc. - Key offerings
**10.7 Huawei Investment and Holding Co. Ltd.
*Exhibit 63: Huawei Investment and Holding Co. Ltd. - Overview
*Exhibit 64: Huawei Investment and Holding Co. Ltd. - Business segments
*Exhibit 65: Huawei Investment and Holding Co. Ltd. - Key News
*Exhibit 66: Huawei Investment and Holding Co. Ltd. - Key offerings
*Exhibit 67: Huawei Investment and Holding Co. Ltd. - Segment focus
**10.8 Intel Corp.
*Exhibit 68: Intel Corp. - Overview
*Exhibit 69: Intel Corp. - Business segments
*Exhibit 70: Intel Corp. - Key News
*Exhibit 71: Intel Corp. - Key offerings
*Exhibit 72: Intel Corp. - Segment focus
**10.9 Novotech Technologies Inc.
*Exhibit 73: Novotech Technologies Inc. - Overview
*Exhibit 74: Novotech Technologies Inc. - Product and service
*Exhibit 75: Novotech Technologies Inc. - Key offerings
**10.10 Samsung Electronics Co. Ltd.
*Exhibit 76: Samsung Electronics Co. Ltd. - Overview
*Exhibit 77: Samsung Electronics Co. Ltd. - Business segments
*Exhibit 78: Samsung Electronics Co. Ltd. - Key News
*Exhibit 79: Samsung Electronics Co. Ltd. - Key offerings
*Exhibit 80: Samsung Electronics Co. Ltd. - Segment focus
**10.11 Verizon Communications Inc.
*Exhibit 81: Verizon Communications Inc. - Overview
*Exhibit 82: Verizon Communications Inc. - Business segments
*Exhibit 83: Verizon Communications Inc. - Key News
*Exhibit 84: Verizon Communications Inc. - Key offerings
*Exhibit 85: Verizon Communications Inc. - Segment focus
**10.12 Vodafone Group Plc
*Exhibit 86: Vodafone Group Plc - Overview
*Exhibit 87: Vodafone Group Plc - Business segments
*Exhibit 88: Vodafone Group Plc - Key News
*Exhibit 89: Vodafone Group Plc - Key offerings
*Exhibit 90: Vodafone Group Plc - Segment focus
***11. Appendix
**11.1 Scope of the report
*11.1.1 Market definition
*11.1.2 Objectives
*11.1.3 Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 91: Currency conversion rates for US$
**11.3 Research Methodology
*Exhibit 92: Research Methodology
*Exhibit 93: Validation techniques employed for market sizing
*Exhibit 94: Information sources
**11.4 List of abbreviations
*Exhibit 95: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
Share this article