all report title image

APAC AUTOMOTIVE TELEMATICS MARKET ANALYSIS

APAC Automotive Telematics Market, By Vehicle Type (Passenger and Commercial), By Technology Type (Embedded, Tethered, Smart Phone), By Sales Channel (OEM and Aftermarket), By Application (Infotainment, Safety, Navigation, Diagnostics)

APAC Automotive Telematics Market Size and Trends

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.

APAC Automotive Telematics Market Key Factors

To learn more about this report, request sample copy

APAC automotive telematics market is witnessing growth due to rising demand for connected vehicles, growing sales of luxury vehicles with advanced technologies, and increasing government initiatives for promoting safe and efficient driving. Major automakers in the region are focusing on development of self-driving and electric vehicles integrated with telematics control units to enhance driver experience. Adoption of autonomous and semi-autonomous driving technologies requires sophisticated telematics solutions for vehicle connectivity and data transfer, and this compels many automakers to partner with telematics solution providers. Increasing collaborations between OEMs and telecom players is also expected to boost deployment of advanced telematics infrastructure in commercial vehicles.

Growing Adoption of Infotainment and Connected Car services

With the rapid adoption of smartphones and growing penetration of internet, consumers in Asia Pacific countries are getting accustomed to connectivity and digital services, and thus, people expect the same level of connectivity and personalization in their vehicles also. This has prompted automakers in the region to increase their focus on developing advanced infotainment systems for vehicles that can enhance the in-vehicle experience of customers. Features like GPS navigation, voice-command controls, advanced entertainment options like music streaming and smartphone mirroring have become standard in most newly vehicles launched.

Automakers are now pushing the envelope further by introducing connected car services that integrate the vehicle with a wider mobility ecosystem. Services like emergency call systems, automatic crash notification, stolen vehicle tracking, remote diagnostics, fleet management solutions and predictive maintenance helps automakers to monitor vehicles round the clock and improve safety, convenience and efficiency. Telematics allow automakers to remotely update vehicle software over-the-air, add new functionalities and fix bugs, similar to smartphones and other smart devices. This helps to improve the overall ownership experience for customers.

/p>Growing Adoption of Autonomous and Electric Vehicles

With countries like China, Japan and South Korea aggressively promoting research and development in autonomous and electric vehicles, the APAC region is at the forefront of next-gen automotive technologies. While full self-driving may be still few years away, semi-autonomous features like adaptive cruise control, lane keep assist, traffic jam assist are being introduced in new premium vehicles. This requires sophisticated telematics hardware and software capable of processing vast amount of real-time sensor data from cameras, radars and lidars. Telematics plays a vital role in delivering advanced driver assist features by tightly integrating vehicle control systems with connectivity modules.

For electric vehicles to gain wider acceptance, automakers need to overcome customer concerns around range, reliability and charging infrastructure. Advanced telematics allows automakers to remotely monitor battery performance, predict charge depletion and locate nearest charging stations. It helps electric vehicle owners efficiently plan their drives. Telematics enables automakers to roll-out over-the-air software upgrades to improve energy efficiency over time without physically recalling vehicles for updates. Growing push towards cleaner emissions will further accelerate R&D in autonomous and electric vehicles, thus, boosting adoption of telematics.

Need a Custom Report?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports

Customize Now
Logo

Credibility and Certifications

ESOMAR
DUNS Registered
Clutch
DMCA Protected

9001:2015

Credibility and Certifications

27001:2022

Credibility and Certifications

EXISTING CLIENTELE

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients
trusted clients logo
© 2024 Coherent Market Insights Pvt Ltd. All Rights Reserved.