The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global automotive telematics market size grew from $100.06 billion in 2022 to $132.87 billion in 2023 at a compound annual growth rate (CAGR) of 32.8%. The market size of the automotive telematics is expected to grow to $360.56 billion in 2027 at a CAGR of 28.3%.

Government regulations for vehicle telematics are contributing to the growth of the automotive telematics market, thus driving the market during the forecast period.

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 Major Market Players in the automotive telematics market include Masternaut Limited, TomTom Telematics B.V, Trimble Inc., Omnitracs, I.D.Systems Inc., Verizon, Airbiquity Inc., Harman International Industries.

Technological innovations are the key trend gaining popularity in the automotive telematics market. Major companies operating in the market are introducing new technologies such as the MoveElectric system which is designed to aid in the transition of enterprise fleets from internal combustion engines (ICE) to electric cars (EVs) to sustain their position in the market. For instance, in June 2021, Masternaut, a UK-based telematics company specializing in fleet and asset management, launched the MoveElectric transition tool that allows fleet managers to identify which travels could be completed by an EV rather than an ICE vehicle, based on factors that reflect business demands and working patterns. With the help of this tool, businesses can now identify which electric vehicles are best for their fleets by comparing real-time ICE data with that of EVs. The MoveElectric tool’s use of extensive real-world data allows fleet managers to evaluate and explain the broader benefits of switching to electric vehicles, such as increased efficiency, lower CO2 emissions, and lower costs.

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Global Automotive Telematics Market Segments Include:

1) By Connectivity Solutions Type: Embedded, Integrated smatphones, Tethered
2) By Sales Channel Type: OEM, Aftermarket
3) By Application Type: Fleet/Asset management, Navigation and location-based system, Infotainment system, Insurance telematic, Safety and security
4) By Vehicle Type: Commercial cars, Passenger vehicles, Two-wheelers

The Automotive Telematics Global Market Report 2023  provides an overview of the automotive telematics market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The automotive telematics market forecast analyzes automotive telematics market size, automotive telematics market share, leading competitor and their market positions.

Automotive telematics refers to fleet monitoring or GPS vehicle tracking and is an important management tool for many commercial and government fleets. The system may report on practically every parameter, including speed and idle, as well as fuel consumption, low tire pressure, and more. A telematics device’s primary components include a GPS receiver, accelerometer, SIM card, engine interface, and others. It is used to track automobiles, trucks, equipment, and other assets and plot their movements on a computerized map.

The Table Of Content For The Automotive Telematics Market Include:
1. Automotive Telematics Market Executive Summary
2. Automotive Telematics Market Segments
3. Automotive Telematics Market Size And Automotive Telematics Market Growth Rate
4. Key Automotive Telematics Market Trends
5. Major Automotive Telematics Market Drivers
……
25. Key Mergers And Acquisitions In The Automotive Telematics Market
26. Top Automotive Telematics Companies
27. Automotive Telematics Market Opportunities And Strategies
28. Automotive Telematics Market, Conclusions And Recommendations
29. Appendix

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