Automotive Telematics Market

The Automotive Telematics market is projected to grow from an estimated USD 9.0 billion in 2024 to reach USD 16.1 billion by 2030 at a CAGR of 10.1% during the forecast period. This growth is driven by the growing collaborations and tie-ups among OEMs and telematics service providers and the launches of upcoming vehicles equipped with embedded telematics for enhanced safety and comfort. Increasing awareness about on-road safety and demand for advanced telematics services is fueling the demand for automotive telematics.

The automotive telematics market is highly competitive.

Major Automotive Telematics Market Companies include

• Robert Bosch GMBH (Germany),
• Continental AG (Germany),
• AT&T Inc (US), 
• LG Electronics. (South Korea),
• Verizon (US)

These companies have developed new solutions, undertaken supply orders, and entered into partnerships and collaborations to achieve the targeted market share in the overall automotive telematics market.

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Robert Bosch GMBH (Germany):

Robert Bosch GmbH is one of the key players in the telematics solution market. Bosch offers a diversified product portfolio across the telematics solution market. A balanced product portfolio not only secures the company against unfavorable forces in a specific market by dispersing its business risks but also enables it to benefit from opportunities available across industries. Also, the company's increased focus on R&D allows it to introduce various advanced telematics solutions, technologies, and components. The company is taking a comprehensive approach to advanced telematics solutions for passenger and commercial vehicles. The Company's Mobility Solutions business segment accounted for 73% of research and development costs in 2022, actively involving the company in shaping the future of connected mobility with innovative technologies and services. For instance, In 2023, Robert Bosch GmbH announced the Maserati GranTurismo Folgore model is equipped with its charging services in the European and Asia- Pacific regions. This allows the users to pinpoint charging points in their navigation system or the app once registered for the service.

AT&T Inc (US):

AT&T is another key player in the automotive telematics market. The company offers diverse telematics products for passenger, commercial, and electric cars. The company's products and solutions offerings provide a broad base for vehicle telematics technology coverage. The company's product portfolio includes fleet management, navigation, emergency services, driver notifications, financial transactions, hands-free operations, advertising, and content delivery. Also, AT&T Inc.'s strong aftermarket division provides its OEM expertise for the aftermarket through a relevant product and service portfolio. The company offers various advanced telematics solutions to cater to several requirements. Their emphasis on partnerships, scalability, innovation, and network makes them a formidable competitor in the automotive telematics industry. For instance, AT&T Inc. offers connected car services and products for the automotive, fleet, and insurance sectors in collaboration with Vodafone. Also, in 2023, the company collaborated with Geotab, and this partnership offers various benefits to their customers. With a connected fleet platform, activities can be made simpler, and real-time performance data can be obtained to manage expenses and reduce emissions while also enabling the tracking and managing fuel consumption, optimizing routes, and educating drivers on fuel efficiency.

Continental AG (Germany):

Continental AG has a prominent position in the global telematics market. The company has a strong geographic presence across the globe. This helps it cater to the specific regional needs of its customers, thereby tapping the growing telematics solution market. The company's increased focus on R&D also gives it an added advantage over its competitors with its rising R&D expenses.

Continental AG focuses on new product development and expansions. To develop its footprint in the autonomous driving sector and connected vehicles market, the company has consolidated its Commercial and Special Vehicles (CVS) businesses to enhance services. The new comprehensive portfolio for trucks and special vehicles includes Sensors and Electronics, Telematics units, domain controllers, Electrification, Display-Technologies, ADAS Sensors and Systems, connected services, Tachographs, and Compliance and fleet management services. This strengthens the company's position as a reliable partner for OEMs, fleets, and workshops in the global automotive telematics market.

Related Reports:

Automotive Telematics Market for ICE & Electric Vehicle, By Service (eCall, On-road Assistance, Insurance risk assessment, Remote Diagnostics), Form (Embedded & Integrated), Connectivity, Aftermarket and Region - Global Forecast to 2030

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