Various secondary sources, directories, and databases have been used to identify and collect information for an extensive study of the Automotive Telematics Market. The study involved four main activities in estimating the current size of the Automotive Telematics Market: secondary research, validation through primary research, assumptions, and market analysis. Exhaustive secondary research was carried out to collect information on the market, such as the existing vehicle models & their light technologies, upcoming technologies, and trends. The next step was to validate these findings, assumptions, and market analysis with industry experts across the value chain through primary research. The top-down and bottom-up approach was employed to estimate the complete market size for different segments considered in this study.
Secondary Research
In the secondary research process, various secondary sources have been used to identify and collect information useful for an extensive commercial study of the Automotive Telematics Market. Secondary sources include company annual reports/presentations, press releases, and industry association publications such as publications of the Society of Indian Automobile Manufacturers (SIAM), Society of Manufacturers of Electric Vehicles (SMEV), Federation of Electric Vehicle Association (FEVA), Canadian Automobile Association (CAA), China Association of Automobile Manufacturers (CAAM), Automotive Component Manufacturers Association of India (ACMA), and European Automobile Manufacturers Association (EAMA) among others. Additionally, secondary research has been carried out to understand the penetration of telematics services by vehicle type, and historical production.
Primary Research
In the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included industry experts such as CXOs, vice presidents, directors from business development, marketing, product development/innovation teams, and related key executives from various key companies. Various system integrators, industry associations, independent consultants/industry veterans, and key opinion leaders were also interviewed.
Primary interviews have been conducted to gather insights such as ICE vehicle production and electric vehicle sales forecast, Automotive Telematics Market forecast and penetration rate, future technology trends, and upcoming technologies in Automotive Telematics. Data triangulation was then done with the information gathered from secondary research. Stakeholders from the demand and supply side have been interviewed to understand their views on the points mentioned above.
Primary interviews have been conducted with market experts from Automotive Telematics providers and technology providers across four major regions: North America, Europe, Asia Pacific, and the Rest of the World. The data from primary interviews has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales, manufacturing, and operations, to provide a holistic viewpoint in our report.
After interacting with industry experts, we have also conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This and the in-house subject matter experts’ opinions have led us to the conclusions described in the remainder of this report.
Breakdown Of Primary Interviews: By Company Type & Designation
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Market Size Estimation
A detailed market estimation approach was followed to estimate and validate the value of the Automotive Telematics Market and other dependent submarkets, as mentioned below:
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Key players in the automotive telematics market were identified through secondary research, and their global market shares were determined through primary and secondary research.
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The research methodology included studying annual and quarterly financial reports, regulatory filings of major market players (public), and interviews with industry experts for detailed market insights.
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All industry-level penetration rates, percentage shares, splits, and breakdowns for automotive telematics were determined using secondary sources and verified through primary sources.
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All key macro indicators affecting the revenue growth of the market segments and sub-segments have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the validated and verified quantitative and qualitative data.
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The gathered market data was consolidated and added with detailed inputs, analyzed, and presented in this report.
Automotive Telematics Market: Bottom-Up Approach
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Automotive Telematics Market: Top-Down Approach
Data Triangulation
After arriving at the overall market size, the market was split into several segments and sub-segments—using the market size estimation processes as explained above. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and determine the exact statistics of each market segment and sub-segment. The data was triangulated by studying various factors and trends.
Market Definition
Automotive Telematics: According to Wipro, telematics is a communication technology for the automobile industry based on information flowing to and generated from vehicles via wireless networks. It is the convergence of wireless communications, location technology, and in-vehicle electronics pushing the automobile industry into the information age. Vehicle telematics providers typically offer a combination of IoT vehicle telematics solutions, cloud, hardware, and software solutions, including GPS tracking, cloud-based platforms with easy integration for multiple partners, telematics sensors, fleet management software, a streamlined and accessible dashboard with visualizations, reporting capabilities, automated and configurable notifications and alarms, compliance parameters, and real-time AI integration for early warnings and instant insights.
Stakeholders
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Automotive OEMs
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Automotive telematics service providers
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Automotive components and raw material suppliers for Automotive Telematics
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Automobile organizations/associations and government bodies
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Automotive software manufacturers and providers
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Authorized service centers and independent aftermarket service providers
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National and Regional Environmental Regulatory Agencies or Organizations
Report Objectives
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To define, describe, and forecast the automotive telematics market in terms of volume (‘000 Units) and value (USD Million) based on:
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Services (Emergency Calls, Stolen Vehicle Assistance, Insurance Risk Assessment (Usage Based Insurance), On-Road Assistance (Breakdown Assistance), Remote Diagnostics, and Others)
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Fleet Management Services (Operation Management, Vehicle Maintenance and Diagnostics, Fleet Analytics And Reporting, and Others)
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Vehicle type (passenger cars, light commercial vehicles, trucks, and buses)
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Form (Embedded and Integrated)
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Offerings (Telematics Control Unit (TCU) (Hardware and Software))
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Connectivity (Satellite (5G and 4G/3G) and Cellular)
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Aftermarket (passenger cars, light commercial vehicles, heavy commercial vehicles)
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Electric & Hybrid vehicle telematics market, by Services (Emergency Call, Stolen Vehicle Assistance, Insurance Risk Assessment (Usage Based Insurance), On-Road Assistance (Breakdown Assistance), Remote Diagnostics and Others)
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Electric & Hybrid vehicle telematics market, by vehicle type (BEVs, PHEVs, and FCEVs)
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Region (Asia Pacific, Europe, North America, and Rest of the World)
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To provide detailed information regarding major factors (drivers, restraints, opportunities, and challenges) influencing the market growth
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To analyze competitive developments such as joint ventures, mergers & acquisitions, new product developments, and expansions in the market
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To conduct a case study analysis, technology analysis, supply chain analysis, trade analysis, market ecosystem analysis, tariff and regulatory landscape analysis, and average selling price analysis
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To analyze the market share of key players in the market and conduct a revenue analysis of the top five players.
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To formulate the competitive leadership mapping of key players in the automotive telematics market
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To understand the dynamics of start-ups/SMEs prevalent in the market ecosystem of the Automotive Telematics market and distinguish them into progressive companies, responsive companies, dynamic companies, and starting blocks
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To analyze the recent new developments, expansion strategies, collaborations, partnerships, joint ventures, mergers & acquisitions, and other activities carried out by key players in the Automotive Telematics market.
Available Customizations
Along with the market data, MarketsandMarkets offers customizations in accordance with company-specific needs.
The following customization options are available for the report:
Automotive Telematics Market, By Telematics Control Unit
Automotive Telematics Market, By Aftermarket
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Telematics Control Unit (TCU)
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Navigation System
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Communication Devices (Bluetooth, Wi-Fi, 3G, 4G, 5G)
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Audio/Video Interface
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Can Bus
(Note: Countries included in the study: China, India, Japan, South Korea, Thailand, Germany, UK, France, Spain, Italy, Russia, US, Canada, Mexico, Brazil, Argentina, Iran, and South Africa.)
Nilesh
Jun, 2019
I am trying to understand the spending trends on automotive between different functions/domains like ADAS, infotainment, telematics etc.