Telematics Market To Reach $320.6B By 2026: TMR Study

Telematics Market To Reach $320.6B By 2026: TMR Study

The automotive telematics market has grown significantly, owing to increase in connectivity solutions worldwide.

In automotive technology, satellite-based positioning technologies are used to connect telematics solutions via wireless connectivity that enables audio or visual data and drivers to various in-vehicle telematics applications. The automotive telematics market has witnessed a significant growth over the years, owing to increase in trend of connectivity solutions worldwide.

 According to a new report published by Trends Market Research, the automotive telematics market is expected to hit $320.6 billion By 2026.

A telematics system offers multiple features such as driver’s emergencies such as roadside assistance, airbag, navigation, vehicle security notification, stolen vehicle tracking services, and others. Hardware in telematics control unit consists of infamous “black box” module that integrates a phone, GPS receiver, digital signal processor and microphone for voice recognition. It also gathers diagnostic information from sensors.

The automotive telematics market is segmented on the basis of channel type, vehicle type, connectivity solutions, application, and region. By channel type, it is bifurcated into OEM and aftermarket. By vehicle type, it is categorized into passenger, commercial vehicles, and two-wheeler. By application, it is classified into fleet/asset management, navigation & location-based system, infotainment system, insurance telematics, safety & security, V2X, others. By connectivity solution, it is divided into embedded, integrated smartphones, and tethered. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key players in the report include Masternaut Limited, TomTom Telematics B.V, Trimble Inc., Omnitracs , VERIZON, I.D.Systems, Inc., Airbiquity Inc., Harman International Industries, Inc., MiX Telematics, Teletrac Navman, and CARTRACK.

This article first appeared in AftermarketNews. The full report is available here.

You May Also Like

Standard Motor Products Launches 365 New Numbers

The new release includes parts for import and domestic vehicles with gasoline, hybrid, and electric powertrains.

Standard Motor Products (SMP) has introduced 365 new part numbers in its October new number announcement (NNA). Included in the release is new coverage for more than 107 product categories, and 110 part numbers for 2021 and 2022 model-year vehicles.

SMP says its commitment to providing replacement parts for hybrid and electric vehicles through its Standard and Four Seasons brands is evident in this release. The October NNA added new part numbers for the 2021 Mustang Mach-E, 2017-’11 Nissan Leaf, 2022-’10 Toyota Prius and more. The addition of more than 130 new Sensors, Switches, Actuators and Connectors also expands Standard’s powertrain-neutral coverage.

WIN Launches 2023 Sponsorship Program

WIN says the campaign is vital to its mission to attract, retain and advance women in collision repair industry.

Autoshop Solutions Supports Techforce Champion Campaign

Autoshop Solutions’ customers and friends are receiving a special offer to be come a TechForce Champion.

Women in Auto Care Scholarship Program Makes $1M Milestone

This was another record year for the program, distributing 96 awards worth $300,000 in both cash scholarships and starter tool sets.

Wyotech Works On Drawing Women To The Trades

Three WyoTech students were recipients of the JCF scholarship, which empowers young women to pursue careers in trades.

Other Posts

BMW Telematics

The most common failures you will see are related to the wiring and connectors for the TCU.

Bosch Releases 133 Automotive Aftermarket Parts YTD 2022

Bosch says these new products cover more than 34 million vehicles in operation across North America.

Standard Motor Products Grows Ignition Coil Program

Additions to the program include more than 800 coils providing 99% coverage for import and domestic vehicles.

ASE Summer Testing Period Registration Ends Sept. 30

Those service professionals who register will have 90 days to schedule an appointment to take the selected ASE tests.