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4G/5G Automotive Telematics Control Units (TCUs) Market Share

Report ID: GMI11253
Published Date: Sep 2024
Report Format: PDF

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4G/5G Automotive Telematics Control Units Market Share

LG Corp, Continental AG, and HARMAN, a Samsung Company hold a significant market share of over 60% in TCUs industry. These major players are concentrating on leveraging advanced technologies and forging strategic partnerships to enhance their product offerings. They are heavily investing in cutting-edge technologies to improve connectivity, data processing, and overall system performance. By integrating 4G and 5G technologies, these companies aim to deliver more reliable and high-speed telematics solutions, which are crucial for applications such as real-time vehicle tracking, ADAS, and autonomous driving.

Additionally, key players such as Continental AG and HARMAN are also expanding their market presence through strategic acquisitions and partnerships. This expansion strategy allows them to extend their global reach, effectively catering to diverse market requirements across different regions. By establishing a stronger presence in emerging markets and maintaining a competitive edge in established ones, they can leverage local market insights and adapt their offerings to meet regional demands.

4G/5G Automotive Telematics Control Units Market Companies

Major players operating in the 4G/5G automotive telematics control units (TCUs) industry are:

Continental AG
Denso Corporation
HARMAN, a Samsung Company
Infineon Technologies
LG Corp.
NXP Semiconductors N.V.
Peiker Acustic GmbH & Co. KG
Qualcomm Technologies
Sierra Wireless
Telit Communications PLC
Valeo SA

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of 4G/5G automotive telematics control units (TCUs) reached USD 9.3 billion in 2023 and is set to register over 19% CAGR between 2024 and 2032, due to the increasing demand for connected vehicles

The passenger cars vehicle segment was valued at over USD 6 billion in 2023, attributed to the widespread adoption of connected car features and the growing demand for advanced safety and infotainment technologies.

North America market held over 35% in 2023, attributed to the strong presence of major automotive manufacturers, the high adoption of connected car technologies, and the availability of advanced cellular infrastructure.

Continental AG, Denso Corporation, HARMAN, Infineon Technologies, LG Corp., NXP Semiconductors N.V., Peiker Acustic GmbH & Co. KG, Qualcomm Technologies, Sierra Wireless, Telit Communications PLC, and Valeo SA.