Market Overview:
The global modern telematics solutions market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for remote diagnosis, insurance risk assessment, driver behavior analysis, billing and other services offered by telematics solution providers. In addition, the growing adoption of GPS-based vehicle tracking systems is also contributing to the growth of this market. On the basis of type, the global modern telematics solutions market can be segmented into remote diagnosis, insurance risk assessment, driver behavior analysis, billing and other services. Of these segments, remote diagnosis is expected to account for a major share of the global market in terms of revenue during the forecast period. This can be attributed to its ability to provide real-time information on vehicle health and performance which helps fleet operators reduce downtime and improve operational efficiency.
Product Definition:
Telematics is the technology of sending, receiving and processing information relating to vehicles or transportation. The term telematics has come to be used specifically for automotive applications, but it originally referred to all forms of remote data transmission, including aviation and maritime applications. Modern Telematics Solutions are important because they provide a method for transmitting data between a vehicle and various ground-based systems. This data can include everything from engine performance statistics to GPS location coordinates. By collecting this information, operators can better manage fleets of vehicles, improve safety and security measures, and optimize routing strategies.
Remote Diagnosis:
Remote diagnosis is a technique where the medical specialist or physician can examine the patient's condition and provide treatment without being in physical contact with the patient. The remote diagnosis system works through a video conferencing facility that allows physicians to examine images of patients presented by diagnostic systems such as hospital workstations, EHR (electronic health records), and point-of-care testing devices.
Insurance Risk Assessment:
Insurance risk assessment is a process that analyzes the insurance claims data to determine if there are any fraudulent activities occurring in an attempt to defraud an insurance company. The main objective of this activity is to identify and flag any suspicious claims so that they can be investigated further. This helps in reducing frauds, which are estimated to cost insurers billions of dollars every year.
Application Insights:
The passenger vehicle segment accounted for the largest revenue share in 2016 and is expected to continue its dominance over the forecast period. The growing need for tracking drivers¢â‚¬â„¢ behavior and increasing acceptance of telematics devices in passenger vehicles to improve road safety are some of the factors contributing to this growth. Moreover, telematics solutions are installed in all new cars sold by major car manufacturers across various countries such as Germany, France, UK etc., which further boosts market growth.
The commercial vehicle segment is also expected to witness significant growth during the forecast period owing to increased demand from construction companies for tracking heavy trucks or buses driven continuously over a long distance or on short haul routes with high traffic density. Furthermore, these systems help reduce accidents caused due largely at least in part because of driver fatigue along with improving fuel efficiency and reducing carbon emissions significantly driving industry expansion over the coming years.
Regional Analysis:
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period. The region accounted for a revenue share of over 30% in 2017 and is expected to grow at a CAGR of XX% from 2018 to 2030. This can be attributed to increasing penetration of telematics solutions in the automotive sector, growing adoption by fleet owners, and rising demand for advanced driver safety systems in emerging economies such as India and China. Moreover, favorable government initiatives are also expected to drive industry expansion over the next eight years.
Growth Factors:
- Increasing demand for fleet management and telematics services from the transportation sector
- Proliferation of connected devices and the Internet of Things (IoT)
- Rising demand for location-based services and 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, subscription, or usage-based pricing
Scope Of The Report
Report Attributes
Report Details
Report Title
Modern Telematics Solutions Market Research Report
By Type
Remote Diagnosis, Insurance Risk Assessment, Driver Behavior Analysis, Billing, Gps Vehicle Positioning, Other
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
Robert Bosch, Continental, LG Electronics, Verizon, Honeywell, Harman(Samsung Electronics), Visteon, Magneti Marelli, Tomtom, Qualcomm Technologies, Intel, Trimble
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Modern Telematics Solutions Market Report Segments:
The global Modern Telematics Solutions market is segmented on the basis of:
Types
Remote Diagnosis, Insurance Risk Assessment, Driver Behavior Analysis, Billing, Gps Vehicle Positioning, Other
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:
- Robert Bosch
- Continental
- LG Electronics
- Verizon
- Honeywell
- Harman(Samsung Electronics)
- Visteon
- Magneti Marelli
- Tomtom
- Qualcomm Technologies
- Intel
- Trimble
Highlights of The Modern Telematics Solutions 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:
- Remote Diagnosis
- Insurance Risk Assessment
- Driver Behavior Analysis
- Billing
- Gps Vehicle Positioning
- Other
- 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 Modern Telematics Solutions 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.
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- Correctly Positioning New Products
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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?
Modern Telematics Solutions is a global provider of innovative telematics solutions. We provide our customers with the latest in technology and services to help them improve their business operations. Our solutions include fleet management, safety and security, driver tracking, asset tracking, and more. We work closely with our customers to develop tailored solutions that meet their specific needs.
Some of the key players operating in the modern telematics solutions market are Robert Bosch, Continental, LG Electronics, Verizon, Honeywell, Harman(Samsung Electronics), Visteon, Magneti Marelli, Tomtom, Qualcomm Technologies, Intel, Trimble.
The modern telematics solutions market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Modern Telematics Solutions Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Modern Telematics Solutions Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Modern Telematics Solutions Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Modern Telematics Solutions Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Modern Telematics Solutions Market Size & Forecast, 2018-2028 4.5.1 Modern Telematics Solutions Market Size and Y-o-Y Growth 4.5.2 Modern Telematics Solutions Market Absolute $ Opportunity
Chapter 5 Global Modern Telematics Solutions Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Modern Telematics Solutions Market Size Forecast by Type
5.2.1 Remote Diagnosis
5.2.2 Insurance Risk Assessment
5.2.3 Driver Behavior Analysis
5.2.4 Billing
5.2.5 Gps Vehicle Positioning
5.2.6 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Modern Telematics Solutions Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Modern Telematics Solutions Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Modern Telematics Solutions Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Modern Telematics Solutions Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Modern Telematics Solutions Analysis and Forecast
9.1 Introduction
9.2 North America Modern Telematics Solutions Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Modern Telematics Solutions Market Size Forecast by Type
9.6.1 Remote Diagnosis
9.6.2 Insurance Risk Assessment
9.6.3 Driver Behavior Analysis
9.6.4 Billing
9.6.5 Gps Vehicle Positioning
9.6.6 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Modern Telematics Solutions Market Size Forecast by Applications
9.10.1 Passenger Vehicle
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Modern Telematics Solutions Analysis and Forecast
10.1 Introduction
10.2 Europe Modern Telematics Solutions Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Modern Telematics Solutions Market Size Forecast by Type
10.6.1 Remote Diagnosis
10.6.2 Insurance Risk Assessment
10.6.3 Driver Behavior Analysis
10.6.4 Billing
10.6.5 Gps Vehicle Positioning
10.6.6 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Modern Telematics Solutions Market Size Forecast by Applications
10.10.1 Passenger Vehicle
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Modern Telematics Solutions Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Modern Telematics Solutions Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Modern Telematics Solutions Market Size Forecast by Type
11.6.1 Remote Diagnosis
11.6.2 Insurance Risk Assessment
11.6.3 Driver Behavior Analysis
11.6.4 Billing
11.6.5 Gps Vehicle Positioning
11.6.6 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Modern Telematics Solutions Market Size Forecast by Applications
11.10.1 Passenger Vehicle
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Modern Telematics Solutions Analysis and Forecast
12.1 Introduction
12.2 Latin America Modern Telematics Solutions Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Modern Telematics Solutions Market Size Forecast by Type
12.6.1 Remote Diagnosis
12.6.2 Insurance Risk Assessment
12.6.3 Driver Behavior Analysis
12.6.4 Billing
12.6.5 Gps Vehicle Positioning
12.6.6 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Modern Telematics Solutions Market Size Forecast by Applications
12.10.1 Passenger Vehicle
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Modern Telematics Solutions Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Modern Telematics Solutions Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Modern Telematics Solutions Market Size Forecast by Type
13.6.1 Remote Diagnosis
13.6.2 Insurance Risk Assessment
13.6.3 Driver Behavior Analysis
13.6.4 Billing
13.6.5 Gps Vehicle Positioning
13.6.6 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Modern Telematics Solutions Market Size Forecast by Applications
13.10.1 Passenger Vehicle
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Modern Telematics Solutions Market: Competitive Dashboard
14.2 Global Modern Telematics Solutions Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Robert Bosch
14.3.2 Continental
14.3.3 LG Electronics
14.3.4 Verizon
14.3.5 Honeywell
14.3.6 Harman(Samsung Electronics)
14.3.7 Visteon
14.3.8 Magneti Marelli
14.3.9 Tomtom
14.3.10 Qualcomm Technologies
14.3.11 Intel
14.3.12 Trimble