Aftersale Car Telematics Market by Offering, Application, Vehicle Type

Description

List of Tables

[199 Pages Report] The Aftersale Car Telematics Market size was estimated at USD 16.38 billion in 2023 and expected to reach USD 18.47 billion in 2024, at a CAGR 13.09% to reach USD 38.79 billion by 2030.

Aftersale car telematics enables the implementation of advanced communication, diagnostic, and data-gathering technologies in vehicles after purchase. This is done by integrating specialized hardware devices such as onboard diagnostics (OBD) systems, GPS-based trackers, and wireless sensors with the vehicle's electronic control units (ECUs). A core element of this connectivity is the IoT (Internet of Things), which enables real-time transmission of information between vehicles, infrastructure, and service providers. The growing application of cloud-based technology in automotive, strict government mandates for vehicle safety, and consumer demand for improved entertainment and navigation system have significantly increased the demand for after sale car telematics. However, the aftersale car telematics systems collect vast data about vehicle performance, driver behavior, and location. This sensitive information requires security and privacy to maintain customer trust. Furthermore, the emergence of connected cars and autonomous vehicles and rapid advancements in GPS and telematics solutions is expected to provide growth opportunities to the market.

KEY MARKET STATISTICS
Base Year [2023]	USD 16.38 billion
Estimated Year [2024]	USD 18.47 billion
Forecast Year [2030]	USD 38.79 billion
CAGR (%)	13.09%

Regional Insights

The aftersale car telematics market has been experiencing significant growth in the APAC region owing to the increasing demand for connected vehicles, enhanced road safety measures, and advancements in data analytics. Governments in these regions have implemented strict vehicle emission regulations, increasing the emphasis on monitoring fuel efficiency via telematics devices. Furthermore, the increasing awareness of insurance telematics, such as usage-based insurance (UBI) among customers, is expected to boost the demand for aftermarket telematics services in the APAC region. In the Americas, advanced driver assistance systems (ADAS) are highly penetrating, which has boosted the demand for aftersale car telematics. The United States continues to lead this trend with the early adoption of innovative technologies such as Advanced Automatic Collision Notification (AACN) and Vehicle Health Monitoring Systems (VHMS). Additionally, popular ride-sharing platforms are also contributing to the increased implementation of fleet management services enabled by aftermarket telematics solutions to enhance vehicle productivity and fuel efficiency. The EMEA region showcases strong growth potential due to its well-established automotive market and high consumer interest in connected vehicles. European countries, including Germany and France, are at the forefront of promoting electric vehicles with built-in aftersale car telematics features that focus on battery health management. Moreover, stringent regulations imposed by governments regarding road safety have led to greater adoption of telematics-enabled vehicle tracking systems and eCall services in the EMEA region.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Aftersale Car Telematics Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Growing demand for personalized services, real-time support, and remote diagnostics
- Strict government mandates for vehicle safety
- Growing application of cloud-based technology in automotive telematics

Market Restraints
- High costs associated with installation of after-sale car telematics

Market Opportunities
- Emergence of connected cars and autonomous vehicles
- Rapid advancements in GPS and after-sale car telematics solutions

Market Challenges
- Security concerns coupled with shortage of seamless network connectivity

Market Segmentation Analysis
- Offering: Increasing adoption of hardware component in after sale car telematics market
- Application: Rising demand for fleet management systems
- Vehicle Type: Growing preference for after sale car telematics from commercial vehicles

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Aftersale Car Telematics Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Aftersale Car Telematics Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Otonomo Enhances Its Telematics Portfolio Through The Acquisition of The Floow

Otonomo Technologies Ltd. acquired The Floow, a renowned vehicle telematics company. This acquisition aims to enrich Otonomo's data analytics and aggregation capabilities by integrating The Floow's advanced telematics services, which focus on improving driver safety, enhancing vehicle efficiency, and refining insurance risk assessment processes. [Published On: 2023-05-23]

Admiral Partners with CMT to Pioneer All-Age Inclusive Telematics Solutions in the Auto Insurance Sector

Admiral, joined forces with Cambridge Mobile Telematics (CMT), the global pioneer in mobile telematics, to roll out a comprehensive, telematics-based insurance offering tailored for drivers across all age groups. This innovative collaboration seeks to leverage CMT's advanced data analytics and telematics technology to offer personalized driving feedback and rewards for safe driving behaviors, thereby promoting road safety and making insurance premiums more reflective of individual driving patterns. [Published On: 2023-03-23]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Aftersale Car Telematics Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Aftersale Car Telematics Market, highlighting leading vendors and their innovative profiles. These include Airbiquity Inc., Azuga Inc. by Bridgestone Company, CalAmp Corp., Cambridge Mobile Telematics, DRiV Incorporated, EDAG Group, EnVue Telematics, LLC, Fleet Complete, Geotab Inc., Inseego Corp., Lytx, Inc., MiX Telematics International (Pty) Ltd., Octo Group S.p.A., Our Kloud, Rarestep, Inc., Robert Bosch GmbH, Samsara Inc., Spireon, LLC, Telenav Inc., Teletrac Navman US Ltd., TomTom International BV, Trackunit Corporation, Verizon Communications Inc., and Zubie, Inc..

Market Segmentation & Coverage

This research report categorizes the Aftersale Car Telematics Market to forecast the revenues and analyze trends in each of the following sub-markets:

Offering
- Hardware
  - Audio/Video Interface
  - Communication Devices
  - Navigation Systems
  - Telematic Control Unit

Services
- Consulting
- Installation & Maintenance

Software

Application
- Diagnostics
- Fleet Management
- Infotainment & Navigation
- Safety & Security

Vehicle Type
- Commercial Vehicles
- Passenger Vehicles

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-902287354BC9

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing demand for personalized services, real-time support, and remote diagnostics
  - 5.1.1.2. Strict government mandates for vehicle safety
  - 5.1.1.3. Growing application of cloud-based technology in automotive telematics
- 5.1.2. Restraints
  - 5.1.2.1. High costs associated with installation of after-sale car telematics
- 5.1.3. Opportunities
  - 5.1.3.1. Emergence of connected cars and autonomous vehicles
  - 5.1.3.2. Rapid advancements in GPS and after-sale car telematics solutions
- 5.1.4. Challenges
  - 5.1.4.1. Security concerns coupled with shortage of seamless network connectivity
5.2. Market Segmentation Analysis
- 5.2.1. Offering: Increasing adoption of hardware component in after sale car telematics market
- 5.2.2. Application: Rising demand for fleet management systems
- 5.2.3. Vehicle Type: Growing preference for after sale car telematics from commercial vehicles
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Aftersale Car Telematics Market, by Offering

6.1. Introduction
6.2. Hardware
6.3. Services
6.4. Software

7. Aftersale Car Telematics Market, by Application

7.1. Introduction
7.2. Diagnostics
7.3. Fleet Management
7.4. Infotainment & Navigation
7.5. Safety & Security

8. Aftersale Car Telematics Market, by Vehicle Type

8.1. Introduction
8.2. Commercial Vehicles
8.3. Passenger Vehicles

9. Americas Aftersale Car Telematics Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Aftersale Car Telematics Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Aftersale Car Telematics Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Otonomo Enhances Its Telematics Portfolio Through The Acquisition of The Floow
- 12.3.2. Admiral Partners with CMT to Pioneer All-Age Inclusive Telematics Solutions in the Auto Insurance Sector
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio