Global 5G Telematics Control Unit (TCU) Market by Type (OEM, Aftermarket), By Application (Passenger Vehicle, Commercial Vehicle) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global 5G telematics control unit (TCU) market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for connected cars and the rising number of accidents across the globe. The global 5G TCU market can be segmented on the basis of type into OEM and aftermarket. The OEM segment is expected to hold a larger share of the market during the forecast period owing to rising demand for connected cars. On the basis of application,the global 5G TCU market can be divided into passenger vehicle and commercial vehicle segments. The passenger vehicle segment is projected to grow at a higher CAGR than that of commercial vehicles during 2018-2030 owingto increase in salesof luxury and premium cars across different regions worldwide.



Get Free Sample Report

Product Definition:

A 5G Telematics Control Unit (TCU) is a device that uses the 5G network to provide telematics services. These services can include vehicle tracking, fleet management, and diagnostics. The TCU is important because it allows businesses to manage their vehicles and operations more efficiently.

OEM:

OEM is short for original equipment. It's a term used in telecommunication to refer to the parts and components manufactured by the telecom operators themselves, as opposed to aftermarket or substitute products. In 5G technology, OEMs are expected to play a vital role in delivering enhanced user experience owing to their ability of integrating with both hardware and software platforms of smartphones.

Aftermarket:

Aftermarket is the parts and accessories industry that deals in the supply of replacement parts for completion or repair of manufactured goods. In case of mobile phones, it mainly comprises chargers, headphones, cases and sim cards. The aftermarket plays a vital role in sustaining consumer interest by providing an extensive range of products at competitive prices along with continuous product innovation to meet their changing requirements.

Application Insights:

The commercial vehicle segment dominated the global 5G TCU market in terms of revenue share in 2017. The growth can be attributed to the increasing adoption of connected trucks and heavy investments by industry players such as Daimler, Volvo, and Ford Motor Company for developing innovative connected car solutions. For instance, in November 2017, Ford announced about its plan to connect all its vehicles over the next 10 years with a vision to enhance customer safety along with improving driver assistance systems.

Passenger vehicle application is expected to witness significant growth over the forecast period owing to increased demand from end-users such as consumers and enterprises for enhanced services including location tracking & monitoring while moving vehicles across different networks. Furthermore, telematics control units installed in passenger cars enable drivers access information regarding fuel consumption via a dashboard display unit or smartphone app without taking their eyes off the road thus contributing towards higher penetration rates across this segment compared other applications.

Regional Analysis:

North America is expected to be the key regional market over the forecast period owing to technological advancements and early adoption of 5G. The region accounted for a revenue share of over 40% in 2017, which is anticipated to decline gradually over the forecast period as other regions are adopting 5G at a faster pace. Asia Pacific is projected to be one of the fastest-growing regional markets from 2018 to 2030 due to increasing demand for advanced safety systems in vehicles coupled with rising disposable income levels among consumers. Furthermore, China has been working on its next-generation mobile network since 2010 and commercial deployment started in 2016; hence, it will play an important role in shaping future industry growth.

The European Commission (EC) has approved several initiatives that support innovation.

Growth Factors:

Increasing demand for connected cars and autonomous vehicles
Rising demand for safety features in automobiles
Proliferation of internet of things (IoT) and big data analytics
Growing popularity of vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication systems
Emergence of new business models such as pay per use


Get Free Sample Report
Scope Of The Report
Report Attributes
Report Details
Report Title
5G Telematics Control Unit (TCU) Market Research Report
By Type
OEM, Aftermarket
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
LG, Harman (Samsung), Bosch, Denso Ten, Continental, Magneti Marelli, Visteon, Peiker, Novero (Laird), Ficosa, Flaircomm Microelectronics, Huawei
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.

Global 5G Telematics Control Unit (TCU) Market Report Segments:
The global 5G Telematics Control Unit (TCU) market is segmented on the basis of:
Types
OEM, Aftermarket
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicle, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
LG
Harman (Samsung)
Bosch
Denso Ten
Continental
Magneti Marelli
Visteon
Peiker
Novero (Laird)
Ficosa
Flaircomm Microelectronics
Huawei



Get Free Sample Report

Highlights of The 5G Telematics Control Unit (TCU) Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
OEM
Aftermarket
By Application:
Passenger Vehicle
Commercial Vehicle
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the 5G Telematics Control Unit (TCU) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

Frequently Asked Questions?