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EUROPE AUTOMOTIVE TELEMATICS MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

Europe Automotive Telematics Market by End-user (Original Equipment Manufacturers, Aftermarket) Market by Vehicle (Passenger Cars, Commercial Vehicles, Two-wheeler) Market by Type (Embedded, Integrated Smartphones, Tethered) Market by Application (Fleet/asset Management, Navigation & Location-based System, Insurance Telematics, Safety & Security, Other Applications) by Geography


MARKET OVERVIEW

The Europe automotive telematics market is set to be valued at $104019.52 million by 2032, accelerating with a 13.09% CAGR during the estimation period 2023-2032

The European Union (EU) has been instrumental in driving the adoption of automobile telematics through legislative measures and initiatives. Notably, eCall legislation has mandated installing emergency call systems in vehicles, leading to the widespread utilization of telematics systems.

Europe benefits from a well-established, robust communication infrastructure, including extensive 4G and 5G network coverage. This strong connectivity facilitates seamless data transfer between vehicles and backend systems, enabling real-time telematics capabilities. The accessibility of cutting-edge communication technology further supports the development of the European automobile telematics market.

Europe Automotive Telematics Market

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The Europe automotive telematics market growth analysis includes an evaluation of Germany, Italy, Belgium, the United Kingdom, France, Spain, and Rest of Europe. The United Kingdom is experiencing a significant boost in its automotive industry, driven by government initiatives promoting the adoption of electric and autonomous vehicles. With a focus on transitioning to greener transportation, the government’s efforts create opportunities for market players to expand telematics applications. As the growth of electric vehicles continues in the region, telematics solutions can play a vital role in managing and optimizing these vehicles.

Furthermore, the Information and Communications Technology (ICT) market in the United Kingdom is actively working towards the widespread implementation of 5G technology, supported by the government and network operators. Introducing 5G technology brings numerous benefits and enhances the region’s transport infrastructure. Given that automotive telematics heavily relies on strong connectivity, such developments are expected to drive market growth in the United Kingdom.

Meanwhile, Germany boasts a renowned automotive industry globally, encompassing passenger and commercial vehicle manufacturers, suppliers, dealers, and mobility service providers. The region’s well-established automotive ecosystem, including world-class R&D infrastructure and a highly skilled workforce, creates a conducive environment for automotive telematics companies. With the ability to innovate, develop, and deploy advanced telematics technologies, these companies can meet the demands of global automobile OEMs seeking holistic solutions for their customers. Automotive telematics can establish a strong presence in the German market by enabling vehicle manufacturers to implement telematics solutions effectively.

The Europe automotive telematics market segmentation assessment entails vehicle, type, application, and end-user. Market by application covers insurance telematics, fleet/asset management, safety & security, infotainment system, navigation & location-based system, and other applications.

Telematics motor insurance, also known as Usage-Based Insurance (UBI), enables insurance companies to assess the risk profile of car owners based on various factors such as distance covered, average vehicle speed, frequency of vehicle usage, and driving skills. This information is gathered through in-vehicle telecommunication devices (telematics), which can be self-installed using plug-in devices or integrated into original equipment by manufacturers. Mobile applications can also provide UBI services. By monitoring driver behavior, insurers can align premium rates with driving habits.

Telematics devices measure multiple elements of interest to underwriters, including hard cornering, mileage, time of day, rapid acceleration, hard braking, GPS location, and airbag deployment. The level of data collected depends on the type of telematics technology used and the policyholders’ consent to share personal information. Insurance companies analyze this data to determine insurance premiums accordingly. For instance, drivers covering long distances at high speeds will likely face higher rates than those driving shorter distances at slower speeds.

Major players in the Europe automotive telematics market include Solera, Tom Tom NV, etc.

Solera is a leading global provider of vehicle lifecycle management software-as-a-service, data, and services. The company operates across four segments: vehicle claims, vehicle repairs, vehicle solutions, and fleet solutions. With a diverse portfolio of brands, Solera expanded into the vehicle tracking system market through strategic acquisitions like Omnitracs and Spireon. Solera serves over 300,000 customers worldwide, operates in over 100 countries, and is headquartered in Texas, United States. Its broad range of offerings and global presence position Solera as a key player in the vehicle lifecycle management industry.

One of Solera’s flagship products is OmniTracks Asset Tracking, which falls under the Omnitracs brand. This comprehensive solution offers fleet management capabilities, including vehicle tracking and other related functionalities.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments Analyzed
End-User, Vehicle, Type, and Application
Countries AnalyzedThe United Kingdom, Germany, France, Italy, Spain, Belgium, and Rest of Europe
Companies AnalyzedAirbiquity Inc, AT&T Inc, Continental AG, Geotab Inc, HARMAN International, Inseego Corp, MiX Telematics, Robert Bosch GmbH, Samsara Inc, Solera Inc, Teletrac Navman US Ltd, Tom Tom NV, Trimble Inc, Verizon Communications Inc

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
      1. IMPACT OF COVID-19 ON AUTOMOTIVE TELEMATICS MARKET
    5. MAJOR MARKET FINDINGS
      1. REAL-TIME VEHICLE TRACKING ALLOWS ENHANCED FLEET MANAGEMENT
      2. TECHNOLOGICAL ADVANCEMENTS TO PRESENT NEW OPPORTUNITIES
      3. COMPETITIVE AND REGULATED EUROPE ENVIRONMENT FOR FLEET MANAGERS
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. AUTOMOTIVE TELEMATICS IS BECOMING POPULAR AMONG FLEET OPERATORS
      2. NAVIGATION & LOGISTICS TOOLS OFFER ENHANCED SAFETY AND VEHICLE MANAGEMENT
    2. KEY RESTRAINTS
      1. POOR CONNECTIVITY INFRASTRUCTURE HINDERS SEAMLESS DATA TRANSMISSION
      2. DATA SECURITY AND PRIVACY CONCERNS
      3. SIGNIFICANT UPFRONT COSTS LIMIT THE WIDESPREAD ADOPTION OF TELEMATICS SOLUTIONS
  4. KEY ANALYTICS
    1. KEY TECHNOLOGY TRENDS
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
      1. GROWTH PROSPECT MAPPING FOR GERMANY
    4. MARKET CONCENTRATION ANALYSIS
    5. KEY BUYING CRITERIA
      1. RELIABILITY
      2. FEATURES
      3. PRICE
  5. MARKET BY END-USER
    1. ORIGINAL EQUIPMENT MANUFACTURERS (OEM)
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. AFTERMARKET
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  6. MARKET BY VEHICLE
    1. PASSENGER CARS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. COMMERCIAL VEHICLES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. TWO-WHEELER
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  7. MARKET BY TYPE
    1. EMBEDDED
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. INTEGRATED SMARTPHONES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. TETHERED
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  8. MARKET BY APPLICATION
    1. FLEET/ASSET MANAGEMENT
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. NAVIGATION & LOCATION-BASED SYSTEM
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. INSURANCE TELEMATICS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. SAFETY & SECURITY
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. OTHER APPLICATIONS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  9. GEOGRAPHICAL ANALYSIS
    1. EUROPE
      1. MARKET SIZE & ESTIMATES
      2. EUROPE AUTOMOTIVE TELEMATICS MARKET DRIVERS
      3. EUROPE AUTOMOTIVE TELEMATICS MARKET CHALLENGES
      4. EUROPE AUTOMOTIVE TELEMATICS MARKET REGULATORY FRAMEWORK
      5. KEY PLAYERS OPERATING IN EUROPE AUTOMOTIVE TELEMATICS MARKET
      6. COUNTRY ANALYSIS
        1. UNITED KINGDOM
          1. UNITED KINGDOM AUTOMOTIVE TELEMATICS MARKET SIZE & OPPORTUNITIES
        2. GERMANY
          1. GERMANY AUTOMOTIVE TELEMATICS MARKET SIZE & OPPORTUNITIES
        3. FRANCE
          1. FRANCE AUTOMOTIVE TELEMATICS MARKET SIZE & OPPORTUNITIES
        4. ITALY
          1. ITALY AUTOMOTIVE TELEMATICS MARKET SIZE & OPPORTUNITIES
        5. SPAIN
          1. SPAIN AUTOMOTIVE TELEMATICS MARKET SIZE & OPPORTUNITIES
        6. BELGIUM
          1. BELGIUM AUTOMOTIVE TELEMATICS MARKET SIZE & OPPORTUNITIES
        7. REST OF EUROPE
          1. REST OF EUROPE AUTOMOTIVE TELEMATICS MARKET SIZE & OPPORTUNITIES
  10. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. AIRBIQUITY INC
        1. COMPANY OVERVIEW
        2. PRODUCTS OVERVIEW
        3. STRENGTHS & CHALLENGES
      2. AT&T INC
        1. COMPANY OVERVIEW
        2. PRODUCTS OVERVIEW
        3. STRENGTHS & CHALLENGES
      3. CONTINENTAL AG
        1. COMPANY OVERVIEW
        2. PRODUCTS OVERVIEW
        3. STRENGTHS & CHALLENGES 
      4. GEOTAB INC
        1. COMPANY OVERVIEW
        2. PRODUCTS OVERVIEW
        3. STRENGTHS & CHALLENGES
      5. HARMAN INTERNATIONAL
        1. COMPANY OVERVIEW
        2. PRODUCTS OVERVIEW
        3. STRENGTHS & CHALLENGES
      6. INSEEGO CORP
        1. COMPANY OVERVIEW
        2. PRODUCTS OVERVIEW
        3. STRENGTHS & CHALLENGES
      7. MIX TELEMATICS
        1. COMPANY OVERVIEW
        2. PRODUCTS OVERVIEW
        3. STRENGTHS & CHALLENGES
      8. ROBERT BOSCH GMBH
        1. COMPANY OVERVIEW
        2. PRODUCTS OVERVIEW
        3. STRENGTHS & CHALLENGES
      9. SAMSARA INC
        1. COMPANY OVERVIEW
        2. PRODUCTS OVERVIEW
        3. STRENGTHS & CHALLENGES
      10. SOLERA INC
        1. COMPANY OVERVIEW
        2. PRODUCTS OVERVIEW
        3. STRENGTHS & CHALLENGES
      11. TELETRAC NAVMAN US LTD
        1. COMPANY OVERVIEW
        2. PRODUCTS OVERVIEW
        3. STRENGTHS & CHALLENGES
      12. TOM TOM NV
        1. COMPANY OVERVIEW
        2. PRODUCTS OVERVIEW
        3. STRENGTHS & CHALLENGES
      13. TRIMBLE INC
        1. COMPANY OVERVIEW
        2. PRODUCTS OVERVIEW
        3. STRENGTHS & CHALLENGES
      14. VERIZON COMMUNICATIONS INC
        1. COMPANY OVERVIEW
        2. PRODUCTS OVERVIEW
        3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – AUTOMOTIVE TELEMATICS

TABLE 2: EUROPE AUTOMOTIVE TELEMATICS MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 3: EUROPE AUTOMOTIVE TELEMATICS MARKET, BY END-USER, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 4: EUROPE AUTOMOTIVE TELEMATICS MARKET, BY VEHICLE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5: EUROPE AUTOMOTIVE TELEMATICS MARKET, BY VEHICLE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 6: EUROPE AUTOMOTIVE TELEMATICS MARKET, BY TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7: EUROPE AUTOMOTIVE TELEMATICS MARKET, BY TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 8: EUROPE AUTOMOTIVE TELEMATICS MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 9: EUROPE AUTOMOTIVE TELEMATICS MARKET, BY APPLICATION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 10: EUROPE AUTOMOTIVE TELEMATICS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 11: EUROPE AUTOMOTIVE TELEMATICS MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 12: EUROPE AUTOMOTIVE TELEMATICS MARKET REGULATORY FRAMEWORK

TABLE 13: KEY PLAYERS OPERATING IN EUROPE AUTOMOTIVE TELEMATICS MARKET

TABLE 14: LIST OF MERGERS & ACQUISITIONS

TABLE 15: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 16: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 17: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES 

FIGURE 1: KEY TECHNOLOGY TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: GROWTH PROSPECT MAPPING FOR GERMANY

FIGURE 4: MARKET CONCENTRATION ANALYSIS

FIGURE 5: KEY BUYING CRITERIA

FIGURE 6: EUROPE AUTOMOTIVE TELEMATICS MARKET, GROWTH POTENTIAL BY END-USER, IN 2022

FIGURE 7: EUROPE AUTOMOTIVE TELEMATICS MARKET, BY ORIGINAL EQUIPMENT MANUFACTURERS (OEM), 2023-2032 (IN $ MILLION)

FIGURE 8: EUROPE AUTOMOTIVE TELEMATICS MARKET, BY AFTERMARKET, 2023-2032 (IN $ MILLION)

FIGURE 9: EUROPE AUTOMOTIVE TELEMATICS MARKET, GROWTH POTENTIAL BY VEHICLE, IN 2022

FIGURE 10: EUROPE AUTOMOTIVE TELEMATICS MARKET, BY PASSENGER CARS, 2023-2032 (IN $ MILLION)

FIGURE 11: EUROPE AUTOMOTIVE TELEMATICS MARKET, BY COMMERCIAL VEHICLES, 2023-2032 (IN $ MILLION)

FIGURE 12: EUROPE AUTOMOTIVE TELEMATICS MARKET, BY COMMERCIAL VEHICLES, 2023-2032 (IN $ MILLION)

FIGURE 13: EUROPE AUTOMOTIVE TELEMATICS MARKET, GROWTH POTENTIAL BY TYPE, IN 2022

FIGURE 14: EUROPE AUTOMOTIVE TELEMATICS MARKET, BY EMBEDDED, 2023-2032 (IN $ MILLION)

FIGURE 15: EUROPE AUTOMOTIVE TELEMATICS MARKET, BY INTEGRATED SMARTPHONES, 2023-2032 (IN $ MILLION)

FIGURE 16: EUROPE AUTOMOTIVE TELEMATICS MARKET, BY TETHERED, 2023-2032 (IN $ MILLION)

FIGURE 17: EUROPE AUTOMOTIVE TELEMATICS MARKET, GROWTH POTENTIAL BY APPLICATION, IN 2022

FIGURE 18: EUROPE AUTOMOTIVE TELEMATICS MARKET, BY FLEET/ASSET MANAGEMENT, 2023-2032 (IN $ MILLION)

FIGURE 19: EUROPE AUTOMOTIVE TELEMATICS MARKET, BY NAVIGATION & LOCATION-BASED SYSTEM, 2023-2032 (IN $ MILLION)

FIGURE 20: EUROPE AUTOMOTIVE TELEMATICS MARKET, BY INSURANCE TELEMATICS, 2023-2032 (IN $ MILLION)

FIGURE 21: EUROPE AUTOMOTIVE TELEMATICS MARKET, BY SAFETY & SECURITY, 2023-2032 (IN $ MILLION)

FIGURE 22: EUROPE AUTOMOTIVE TELEMATICS MARKET, BY OTHER APPLICATIONS, 2023-2032 (IN $ MILLION)

FIGURE 23: EUROPE AUTOMOTIVE TELEMATICS MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 24: UNITED KINGDOM AUTOMOTIVE TELEMATICS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 25: GERMANY AUTOMOTIVE TELEMATICS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 26: FRANCE AUTOMOTIVE TELEMATICS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 27: ITALY AUTOMOTIVE TELEMATICS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 28: SPAIN AUTOMOTIVE TELEMATICS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 29: BELGIUM AUTOMOTIVE TELEMATICS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 30: REST OF EUROPE AUTOMOTIVE TELEMATICS MARKET, 2023-2032 (IN $ MILLION)

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