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The global automotive telematics solution market attained a value of nearly USD 15.80 billion in 2023. The market is further expected to grow at a CAGR of 24.6% during the forecast period of 2024-2032 to reach a value of USD 114.36 billion by 2032.
Base Year
Historical Year
Forecast Year
The global automotive telematics solution market is expected to grow at a CAGR of about 24.60% in the forecast period of 2024-2032 to reach a value of around USD 114.36 billion by 2032.
Global Automotive Telematics Solution Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 15.80 |
Market Size 2032 | USD Billion | 114.36 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 24.6% |
CAGR 2024-2032 - Market by Region | Latin America | 25.3% |
CAGR 2024-2032 - Market by Country | India | 27.2% |
CAGR 2024-2032 - Market by Country | Brazil | 26.8% |
CAGR 2024-2032 - Market by Vehicle Type | Passenger Cars | 25.7% |
CAGR 2024-2032 - Market by Sales Channel | Aftermarket | 25.9% |
Market Share by Country 2023 | UK | 3.5% |
Automotive Telematics Solution Market Size
Automotive Telematics Solution Market Growth
Automotive Telematics Solution Market Analysis
Automotive Telematics Solution Market Share
Automotive Telematics Solution Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global automotive telematics solution market value is projected to grow at a CAGR of 24.6% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 114.36 billion by 2032.
The major drivers of the market include the presence of major automotive electronics components manufacturing industries, an increase in the number of road accidents, government regulations for vehicle telematics, technological advancements, and growing consumer preference for advanced driver assistance systems in automobiles.
The rise in safety awareness and the rise in telematics software integration in autonomous and connected vehicles are the key industry trends propelling the growth of the market.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The significant applications of the market are vehicle tracking, fleet management, satellite navigation, and vehicle safety communication, among others.
Based on vehicle type, the market is segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles.
The various sales channels in the market are original equipment manufacturers (OEMs) and aftermarkets.
The competitive landscape consists of Teletrac Navman US Ltd, PowerFleet, Inc. (I.D. Systems, Inc.), Trimble Inc., Fleetmatics Pvt. Ltd, and Airbiquity Inc. among others.
In 2023, the market reached nearly USD 15.80 billion.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124