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Global Automotive Telematics Market by Channel (OEM & Aftermarket), Vehicle Type (Commercial Vehicle, Passenger Cars, and Two-Wheeler), Connectivity Solution (Embedded, Integrated Smartphones, Tethered), Application (Fleet Asset Management, Navigation & Location-based Systems, Infotainment Systems), and End-use Industry (Information Systems, Insurance Telematic, Safety & Security), and Region, Global Trends and Forecast From 2022 To 2029.

The global automotive telematics market is expected to grow at 13% CAGR from 2022 to 2029. It is expected to reach above USD 20.7 billion by 2029 from USD 8.8 billion in 2022.

Segment Analysis
The automotive telematics market is divided into channel type, vehicle type, connectivity solutions, application, and region segments.

It is divided into two channels: OEM and aftermarket. It is divided into three categories: passenger vehicles, commercial vehicles, and two-wheelers. Fleet/asset management, navigation & location-based system, entertainment system, insurance telematics, safety & security, V2X, and others are the applications. There are three types of connectivity solutions: embedded, integrated smartphones, and tethered.

Furthermore, by integrating GPS and onboard diagnostics, it is feasible to record and map a car’s position as well as its speed in order to cross-reference how a car is performing inside. Such information is mostly used by insurance firms. Telematics devices are also utilized to properly manage a vehicle fleet. The telematics system’s above-mentioned services have been regarded inside the market’s scope.

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