APAC Telematics Market

APAC Telematics Market size is expected to reach US$ 63.79 Bn. by 2029, at a CAGR of 31.9% during the forecast period.

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APAC Telematics Market Overview:

An Automotive Telematics system is an automatic system planned for vehicles that incorporates some form of cellular communication. The telematics for vehicles happening in the 1980s, for tracking of stolen cars with the assistance of radio frequency communication by unlicensed frequency bands. Telematics is info & telecommunication products that combine computers & telecommunication services for transferring large amounts of data in vehicles in real-time. An advance diagnostic system is a feature that would boost the telematics market.

Huge e-commerce increases, hundreds of Bn of investments in transportation infrastructure & strict emissions standards for heavy-duty vehicles are pushing up to a 22 percent CAGR from 2022-2029 for China’s commercial vehicle telematics market.

China’s logistics market accounts for approximately 15 percent of the country’s GDP & was projected to produce over 1Mn heavy-duty & over 200,000 medium-duty commercial vehicles last year. The market is emerging from conventional ‘track & trace’ solutions to the growing use of connected technology & factory-fit solutions. Coverage comprises Beijing-based G7 Technologies a leading commercial telematics provider, with customers including Amazon China, JD.com, and FedEx Express, and with at least $510 million in funding, including Ten cents. Award-winning supplier 666GPS is the nation’s largest GPS manufacturer with more advanced custom solutions. Shenzhen-based Meitrack serves a wide number of businesses with multiple solutions with integration with Mobileye. Shenzhen Huabao Electronics Technology supports both local & international markets, with some distribution via Alibaba as well as other aftermarket & OEM solutions.

Emerging a market presence in China can be a challenge for international companies. There are detailed & lengthy provisions to apply as a foreign-funded enterprise. Although economic prospects for the Chinese market are substantial & growing, suppliers wanting to enter must plan for a long-term investment approach, carefully evaluating local partners & considering multimarket agreements & advanced technologies.

Key Trends:

The telematics supply chain will see remarkable growth & innovation through the end of the decade, as more vehicles debut novel connected solutions which make use of embedded components, while at the same time enabling consumers to fully leverage their mobile devices. Global production volumes for all telematics systems are projected to grow by more than 112 percent, surpassing 55 Mn units in 2021.

The Korean company is seeking to grab back the crown from its German rival in the worldwide automotive telematics system market which is projected to grow to $7 Bn in 2025 from $4.3 Bn in the year 2020. LG Electronics has already secured an automotive part order from Cadillac to supply its digital cockpits for the new 2021 Cadillac Escalade in February. It contracted supply agreements for infotainment systems with Mercedes-Benz & Hyundai Motor’s premium brand Genesis in recent years.

The Korean tech giant has been expanding down on its effort to groom VS business under the leadership of young leader Koo Kwang-mo who has been vigorously seeking to realign business structure & to find new development engines. LG Electronics acquired Austria’s automotive lighting systems supplier ZKW for USD 1.21 billion won in the year 2018 & is planning to invest 898.5 Bn won in the vehicle solutions business this year, equivalent to the scale for the home appliance business.

Passenger Car Segment to Drive the Market Growth:

The passenger car segment is anticipated to remain the key segment for the Asian telematics market, due to a high sales rate. The passenger segment is mostly driving, owing to a rise in demand for safety & convenience telematics services. Countries, such as China, India, Australia, Japan, among others, have main markets for passenger vehicles, & also the safety rules for these vehicles are stricter in these countries, which leads to the demand for high-end telematics services & connectivity solutions.

The demand for self-driving cars in the region, making the OEMs lead advanced telematics technologies & services which is estimated to raise the market of the passenger car market. The Bengaluru-based (India) startup, iTriangle, is posing cloud-based telematics software solutions for manufacturers of its own IoT-based tracking device. The firm is highly optimistic about passenger car segments & is increasingly targeting the segment.

The APAC is one of the main regions for sensor fusion in autonomous applications, due to the rising adoption of autonomous vehicles, strict government regulation, & growing dominance in the global semiconductor industry.This is further increasing the development of telematics applications in passenger vehicles through the region.

Also, the region's huge investment in 5G, along with endorsing C-V2X is further expanding the scope of automotive applications, like autonomous driving, Vehicle-to-Everything (V2X), & MaaS market. Chipmakers are also active in this sector. For example, Qualcomm is working with over 30 Chinese automotive firms, with the China-based JVs, to prove the commercial viability of C-V2X technology for autonomous & connected vehicles.

The report covers Type and Provider Type, with detailed analysis APAC Telematics Market industry with the classifications of the market on the Type, Provider Type & region. Analysis of past market dynamics from 2017 to 2021 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key players' contribution in it.

The report has profiled twelve key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw Types, labor cost, availability of advanced Type, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in five regions. The major country’s policies about manufacturing & Covid 19 impact on demand side are covered in the report.

Scope of the APAC Telematics Market: Inquire before buying

APAC Telematics Market, by Type

• Solution
• Services

APAC Telematics Market, by Provider Type

• Aftermarket
• OEM

APAC Telematics Market, By Region

o China
o India
o Japan
o ASEAN
o Rest of APAC

APAC Telematics Market Key Players

• CelluTrak
• GM Fleet
• Trimble
• CTrack
• FleetBoard
• PTC, Inc.
• Masternaut Limited
• Trimble Inc.
• OCTO Telematics Ltd.s
• Inseego Corporation
• ZONAR SYSTEMS, INC.
• Verizon Telematics, Inc.
• Infineon
• Mix Telematics International Ltd.

Frequently Asked Questions:

1. Which region has the largest share in APAC Telematics Market?
Ans: Korea held the highest share in 2021.

2. What is the growth rate of APAC Telematics Market?
Ans: The APAC Telematics Market is growing at a CAGR of 31.9% during forecasting period 2022-2029.

3. What is scope of the APAC Telematics market report?
Ans: APAC Telematics Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in APAC Telematics market?
Ans: The important key players in the APAC Telematics Market are – CelluTrak, GM Fleet, Trimble, CTrack, FleetBoard, PTC, Inc., Masternaut Limited, Trimble Inc., OCTO Telematics Ltd.s, Inseego Corporation, ZONAR SYSTEMS, INC., Verizon Telematics, Inc., Infineon, and Mix Telematics International Ltd.

5. What is the study period of this market?
Ans: The APAC Telematics Market is studied from 2021 to 2029.