Automotive Teleinformatic System Market Growth, Competitors Analysis and Business Opportunities 2020-2027

Automotive Teleinformatic System Market: Introduction

Teleinformatic devices are used in vehicles to monitor and record vehicle travel data by utilization of the GPS navigation system and on-board diagnostics system in order to detect the exact location of vehicles. These devices also gather data about the driver, such as acceleration, speed, and routes taken while driving.
This data can be used by an insurance company to settle an insurance claim in case of accidental damage to the vehicle. A fleet management service provider can track the live location of vehicles and analyze the driving behavior of the vehicle driver in order to ensure safety of both passenger and vehicle.
Teleinformatic devices are either provided by automakers or can be installed from an aftermarket distributor or outlet

Key drivers of global automotive teleinformatic system market

Rising demand for fleet management services is likely to boost the global teleinformatic system market. The fleet management system is employed to organize and coordinate a fleet of vehicles such as cars, vans, trucks, forklifts, buses and to increase efficiency of vehicles and reduce operational cost. The system also enables compliance with government rules and regulations for the fleet of vehicles under management. The primary purpose of fleet management is to track vehicles by employing teleinformatic systems such as navigation system, communication devices, and audio/video recording devices. Increasing usage of fleet management services by oil & gas delivery services, car rental services, and repair & maintenance services is driving the global teleinformatic system market.
Teleinformatic systems enable insurers to learn more about their consumers by acquiring information about their driving habits, including how often and fast a consumer drives a vehicles and does a consumer follow traffic mandates or not. Adoption of teleinformatic systems is rising in the insurance industry as well as utilization of the teleinformatic system through a smartphone is cost-effective and helps the insurer reduce the cost of insurance claims and identify fraud.
Teleinformatic systems in a vehicle help the owner to set a notification-based maintenance schedule. The maintenance token or task would be initiated according to number of miles driven or a specific duration after the previous maintenance carried on vehicle. This is estimated to ensure that the vehicle runs at optimum efficiency and delivers good performance owing to timely vehicle maintenance.
The time taken to locate a stolen vehicle is expected to reduce considerably owing to data recording and vehicle tracking functions available in a teleinformatic system. These factors are driving the market.

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Stringent government rules and regulations to boost automotive teleinformatic system market

Several countries worldwide are focusing on strengthening rules and regulations regarding passenger and vehicle safety. For instance, all new passenger and commercial vehicles manufactured in Europe have pre-installed teleinformatic devices to enhance vehicle and passenger safety and security under various legislations, such as GLONASS in Russia and eCall in the European Union. Such initiatives are propelling the global automotive teleinformatic systems.

Rising trends of connected vehicles is driving the global automotive teleinformatic system market

Connected vehicles are equipped with navigation systems, dashcams, and various IoT devices to enhance the driving experience and safety of vehicles. For instance, PEUGEOT e-Legend concept car is estimated to incorporate cruise control, distance alert, advance cockpit, and mirror screen (a connectivity device), which features high-end applications of connected devices in the vehicle.
Increase in consumer demand for luxurious, safe and connected vehicles is boosting the global automotive teleinformatic system market

Europe to dominate global teleinformatic system market

Europe is anticipated to account for a significant share of the global automotive teleinformatic system market, owing to the presence of numerous OEM and aftermarket players. Several manufacturers of teleinformatic system components are mostly based in Europe. Furthermore, a high number of technological research and development centers with state-of-the-art facilities are based in Europe owing to the presence of numerous OEM and aftermarket players in the region. This boosts the development and innovation opportunities for teleinformatic systems in Europe, thereby driving the global teleinformatic system market in Europe.

Key players operating in global Automotive Teleinformatic System Market:

The global automotive teleinformatic system market is highly concentrated owing to the presence of top manufacturers. A few of the key players operating in the global automotive teleinformatic system market are:

IMS
Continental AG
Valeo
Delphi Technologies
DENSO CORPORATION
Clarion
Robert Bosch GmbH
TomTom International BV
Harman International (Samsung)
Embitel
Intel Corporation
LUXOFT
Agero, Inc.
NTT DOCOMO, INC.
Trimble, Inc.
Panasonic Corporation
Vodafone Automotive SpA
Teletrac Navman US Ltd
Qualcomm Technologies, Inc.
LG Electronics
Verizon
Masternaut Limited

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Global Automotive Teleinformatic System Market: Research Scope

Global Automotive Teleinformatic System Market, by Vehicle Type

Passenger
Commercial

Global Automotive Teleinformatic System Market, by Product Type

On-board Diagnostics
Black Box
Windscreen Devices
Other

Global Automotive Teleinformatic System Market, by Component

Memory Unit
Electronic Control Board
Signal Beacon
Data Recording Devices
Other

Global Automotive Teleinformatic System Market, by End-use Industry

Automotive
Aviation and Aerospace
Insurance
Healthcare
Defense
Transportation and Logistics
Other

Global Automotive Teleinformatic System Market, by Sales Channel

OEMs
Aftermarket

Global Automotive Teleinformatic System Market, by Region

North America

U.S.
Canada

Europe

Germany
France
U.K.
Italy
Spain
Russia & CIS
Rest of Europe

Asia Pacific

China
Japan
India
ASEAN
Rest of Asia Pacific

Latin America

Brazil
Mexico
Rest of Latin America

Middle East & Africa

GCC
South Africa
Rest of Middle East & Africa

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