Lucintel’s latest market report analyzed that automotive telematics provides attractive opportunities in the embedded, tethered, and integrated segments. The automotive telematics market is expected to reach $172.4 billion by 2027 with a CAGR of 22%. In this market, embedded is the largest segment by technology type. Introduction of autonomous vehicles, and transformation of non-connected cars into connected cars provides strategic growth path in this market.
Based on technology type, the automotive telematics market is segmented into embedded, tethered, and integrated. The embedded segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to technologies consumes high bandwidth which significantly increases the cover area. Embedded is also much faster and costlier than other technologies.
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The Automotive Telematics Market is marked by the presence of several big and small players. Some of the prominent players offering automotive telematics include Bosch GmbH, Aptiv PLC, Continental, Visteon Corporation.
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