APAC automotive telematics market is estimated to be valued at USD 25.07 Bn in 2024 and is expected to reach USD 64.43 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 14.4% from 2024 to 2031.

Report Description:

APAC automotive telematics market  growth is driven by rising demand for connectivity across the automotive value chain in the Asia Pacific region. Automotive telematics refers to the use of telecommunication and wireless technologies to send and receive information in real-time for fleet management, safety assistance, and other connected services in commercial and passenger vehicles. Key factors such as rapid economic growth, expanding middle-class population, increasing mileage covered by individual vehicles, and development of robust connectivity infrastructure boosts the adoption of telematics solutions in Asia Pacific. Growing preference for technologically advanced safety, security, and infotainment features prompts automakers to integrate telematics as standard across multiple vehicle segments.

Market Dynamics:

APAC automotive telematics market growth is driven by rising demand for connected services, stringent government regulations, and growing focus on improving road safety. However, high component costs and data security concerns can hamper the market growth. Emerging technologies such as 5G, AI, and blockchain that can enable advanced applications is expected to offer opportunities for the market growth. Leading players are investing in R&D to develop innovative solutions for fleet management, emergency calling, vehicle diagnostics, and driver behavioral monitoring. These players are also collaborating with OEMs, network providers, and governments to strengthen connectivity infrastructure and support adoption of telematics across commercial and passenger fleets.

Key features of the study:

- This report provides in-depth analysis of the APAC automotive telematics market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year

- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

- It profiles key players in the APAC automotive telematics market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies

- Key companies covered as a part of this study include Trimble Inc., Visteon Corporation, Airbiquity Inc., Aplicom OY, Scorpion Automotive Limited, iTriangle InfoTech Pvt. Ltd., Shenzhen Concox Information & Technology Co. Ltd., Minda Corporation Limited, iDem Telematics GmbH, Road Track, ACTIA Group, Lavinta Buana Sakti, Microlise Limited, BOX Telematics, Redtail Telematics Corporation

- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

- APAC automotive telematics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing APAC automotive telematics market

Market Segmentation

• By Vehicle Type
• • Passenger
  • Commercial
• By Technology Type
• • Embedded
  • Tethered
  • Smart Phone
• By Sales Channel
• • OEM
  • Aftermarket
•  By Application
• • Infotainment
  • Safety
  • Navigation
  • Diagnostics
• Key Players
• • Trimble Inc.
  • Visteon Corporation
  • Airbiquity Inc.
  • Aplicom OY
  • Scorpion Automotive Limited
  • iTriangle InfoTech Pvt. Ltd.
  • Shenzhen Concox Information & Technology Co. Ltd.
  • Minda Corporation Limited
  • iDem Telematics GmbH
  • Road Track
  • ACTIA Group
  • Lavinta Buana Sakti
  • Microlise Limited
  • BOX Telematics
  • Redtail Telematics Corporation