The Automotive Aftermarket Telematics Market is estimated to be USD 8.1 billion in 2024. Furthermore, the market is expected to grow to USD 18.4 billion by 2031, with a Compound Annual Growth Rate (CAGR) of 12.42%.
The emerging significance of telematics in the automotive industry is encouraging companies across the industry to significantly invest in the technology. Telematics offers advantages of safety, security, navigation, vehicle diagnostics, and internet connectivity features such as weather forecasts, stock updates, news bulletins, Concierge services, and others. As the automotive industry continues to face intense competition, automakers are increasingly investing in advanced features and automation, including telematics. Fleet management, navigation, roadside assistance, crash notification, remote diagnostics, emergency calling and other services are widely opted in the automotive aftermarket telematics industry. Of these, the Vehicle Tracking & Fleet Management service dominates the global markets with a market share of 30.71% during 2020.
Growing demand for connected vehicles and advanced telematics services:
Electronics and wireless technologies continue to be increasingly integrated into automotive worldwide as consumer preferences shift towards advanced in-vehicle experience. Accordingly, automakers are integrating telematics, mechatronics, artificial intelligence, IoT, and internet connectivity into passenger cars and commercial vehicles. The number of advanced automotive OEMs continues to increase, presenting strong growth opportunities despite intense competitive conditions.
With the growing importance of connectivity, safety, and superior control, companies are relying on advancements in Smartphone technology, and high-speed internet connectivity for improved user experience. In addition, product related telematics such as Vehicle health reports, servicing reminders and alarms, Fault predictions, and Warranty support are also being extended by OEMs. Business-to-business telematics is also increasingly marketed by companies as telematics providers provide services such as insurance, content providing, utilities, logistic support, telecommunications, green telematics, and other services.
Growing demand for safety features:
Rising deaths, casualties, and injuries prompted governments and OEMs to enforce ITS protection solos. According to the World Health Organization, each year about 1.25 million deaths occur worldwide due to road traffic accidents. Road traffic accidents are the second leading cause of death within the age group of 15 to 29 in middle and low-income countries. The growing use of innovative and advanced telematics solutions will help in supporting safety and comfort of passengers in the vehicles.
Cyber Security-related Issues:
Telematics enables data flow to and from the vehicle over the wireless communication network. This exposes the consumer as well as the automotive OEM to the risk of cyber espionage. The possibility of theft of sensitive information, exchange of private information between driver and OEMs, and other cyber threats require stringent enterprise security solutions must be deployed across the entire value chain starting right from the telematics unit to all the applications that access the telematics unit.
*The companies above are listed in no particular order.
Report Scope |
Details |
Market Value- $ Billion,2024 |
8.1 |
Market Growth (Value), (2024-2031)- % |
12.4 |
Leading Region |
Xx |
Base Year |
2023 |
Forecast Period |
2024 to 2031 |
Segments Covered |
By Connectivity, By Service, By Vehicle |
Geography Covered |
North America, Europe, Asia-Pacific, South and Central America, and Middle East & Africa |
Automotive Aftermarket Telematics Market, By Connectivity
Automotive Aftermarket Telematics Market, By Service
Automotive Aftermarket Telematics Market, By Vehicle
Automotive Aftermarket Telematics Market, By Geography
TABLE OF CONTENTS
1. GLOBAL AUTOMOTIVE AFTERMARKET TELEMATICS INDUSTRY
1.1. Market Scope and Definition
1.2. Study Assumptions
2. AUTOMOTIVE AFTERMARKET TELEMATICS MARKET LATEST TRENDS, DRIVERS AND CHALLENGES, 2023-2031
2.1. Automotive Aftermarket Telematics Market Overview
2.2. Automotive Aftermarket Telematics Market Latest Trends
2.2.1. Growing demand for connected vehicles and advanced telematics services
2.2.2. Cloud-based telematics services witnessing rapid demand Growth
2.2.3. Increasing Telematics Services offered at free/minimal costs
2.3. Automotive Aftermarket Telematics Market Insights, 2023-2031
2.3.1. Leading Automotive Aftermarket Telematics Connectivity, 2023-2031
2.3.2. Leading Automotive Aftermarket Telematics Service, 2023-2031
2.3.3. Fast-Growing Regions for Automotive Aftermarket Telematics Sales, 2023-2031
2.4. Automotive Aftermarket Telematics Market Drivers and Restraints
2.4.1. Automotive Aftermarket Telematics Demand Drivers to 2031
2.4.2. Automotive Aftermarket Telematics Challenges to 2031
3. GLOBAL AUTOMOTIVE AFTERMARKET TELEMATICS MARKET VALUE, MARKET SHARE, AND FORECAST to 2031
3.1. Global Automotive Aftermarket Telematics Market Overview, 2023
3.2. Global Automotive Aftermarket Telematics Market Size and Share Outlook, By Connectivity, 2023-2031
3.2.1. Embedded
3.2.2. Tethered
3.2.3. Integrated
3.3. Global Automotive Aftermarket Telematics Market Size and Share Outlook, By Service, 2023-2031
3.3.1. Vehicle Tracking & Fleet Management
3.3.2. Navigation
3.3.3. Road Side Assistance
3.3.4. Wi-Fi hotspot
3.3.5. Vehicle Diagnostics
3.3.6. Driver Behavior & Control
3.3.7. Others
3.4. Global Automotive Aftermarket Telematics Market Size and Share Outlook, By Vehicle, 2023-2031
3.4.1. Passenger Cars
3.4.2. Commercial Vehicles
3.5. Global Automotive Aftermarket Telematics Market Size and Share Outlook by Region, 2023-2031
4. ASIA PACIFIC AUTOMOTIVE AFTERMARKET TELEMATICS MARKET VALUE, MARKET SHARE, AND FORECAST to 2031
4.1. Asia Pacific Automotive Aftermarket Telematics Market Overview, 2023
4.2. Asia Pacific Automotive Aftermarket Telematics Market Size and Share Outlook, By Connectivity, 2023-2031
4.3. Asia Pacific Automotive Aftermarket Telematics Market Size and Share Outlook, By Service, 2023-2031
4.4. Asia Pacific Automotive Aftermarket Telematics Market Size and Share Outlook, By Vehicle, 2023-2031
4.5. Asia Pacific Automotive Aftermarket Telematics Market Size and Share Outlook by Country, 2023-2031
4.5.1. China
4.5.2. Japan
4.5.3. India
4.5.4. South Korea
4.5.5. Rest of Asia Pacific
5. EUROPE AUTOMOTIVE AFTERMARKET TELEMATICS MARKET VALUE, MARKET SHARE, AND FORECAST to 2031
5.1. Europe Automotive Aftermarket Telematics Market Overview, 2023
5.2. Europe Automotive Aftermarket Telematics Market Size and Share Outlook, By Connectivity, 2023-2031
5.3. Europe Automotive Aftermarket Telematics Market Size and Share Outlook, By Service, 2023-2031
5.4. Europe Automotive Aftermarket Telematics Market Size and Share Outlook, By Vehicle, 2023-2031
5.5. Europe Automotive Aftermarket Telematics Market Size and Share Outlook by Country, 2023-2031
5.5.1. Germany
5.5.2. United Kingdom
5.5.3. France
5.5.4. Spain
5.5.5. Rest of Europe
6. NORTH AMERICA AUTOMOTIVE AFTERMARKET TELEMATICS MARKET VALUE, MARKET SHARE AND FORECAST to 2031
6.1. North America Automotive Aftermarket Telematics Market Overview, 2023
6.2. North America Automotive Aftermarket Telematics Market Size and Share Outlook, By Connectivity, 2023-2031
6.3. North America Automotive Aftermarket Telematics Market Size and Share Outlook, By Service, 2023-2031
6.4. North America Automotive Aftermarket Telematics Market Size and Share Outlook, By Vehicle, 2023-2031
6.5. North America Automotive Aftermarket Telematics Market Size and Share Outlook by Country, 2023-2031
6.5.1. United States
6.5.2. Canada
6.5.3. Mexico
7. SOUTH AND CENTRAL AMERICA AUTOMOTIVE AFTERMARKET TELEMATICS MARKET VALUE, MARKET SHARE AND FORECAST to 2031
7.1. South and Central America Automotive Aftermarket Telematics Market Overview, 2023
7.2. South and Central America Automotive Aftermarket Telematics Market Size and Share Outlook, By Connectivity, 2023-2031
7.3. South and Central America Automotive Aftermarket Telematics Market Size and Share Outlook, By Service, 2023-2031
7.4. South and Central America Automotive Aftermarket Telematics Market Size and Share Outlook, By Vehicle, 2023-2031
7.5. South and Central America Automotive Aftermarket Telematics Market Size and Share Outlook by Country, 2023-2031
7.5.1. Brazil
7.5.2. Argentina
7.5.3. Rest of South and Central America
8. MIDDLE EAST AFRICA AUTOMOTIVE AFTERMARKET TELEMATICS MARKET VALUE, MARKET SHARE AND FORECAST to 2031
8.1. Middle East Africa Automotive Aftermarket Telematics Market Overview, 2023
8.2. Middle East Africa Automotive Aftermarket Telematics Market Size and Share Outlook, By Connectivity, 2023-2031
8.3. Middle East Africa Automotive Aftermarket Telematics Market Size and Share Outlook, By Service, 2023-2031
8.4. Middle East Africa Automotive Aftermarket Telematics Market Size and Share Outlook, By Vehicle, 2023-2031
8.5. Middle East Africa Automotive Aftermarket Telematics Market Size and Share Outlook by Country, 2023-2031
8.5.1. Middle East
8.5.2. Africa
9. AUTOMOTIVE AFTERMARKET TELEMATICS MARKET STRUCTURE
9.1. GEA Group AG
9.2. Visteon Corporation
9.3. Delphi Technologies PLC
9.4. GeoTab
9.5. Continental AG
10. APPENDIX
10.1. About Us
10.2. Sources
10.3. Research Methodology
10.4. Contact Information
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The Global Automotive AfterMarket is estimated to generate USD 8.1 billion in revenue in 2024.
The Global Automotive AfterMarket is expected to grow at a Compound Annual Growth Rate (CAGR) of 12.42% during the forecast period from 2025 to 2032.
The Automotive AfterMarket is estimated to reach USD 20.7 billion by 2032.
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