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

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

4G/5G Automotive Telematics Control Units Market Trends

There is a significant and growing trend among OEMs in the automotive industry to integrate cockpit and telematics functionalities into a single, cohesive system. This convergence is driven by the need to optimize vehicle performance, reduce manufacturing and operational costs, and provide a seamless and integrated user experience for both drivers and passengers. By combining these functionalities, OEMs can streamline vehicle design, simplify the user interface, and enhance overall vehicle connectivity. This integrated approach allows for better synchronization between the vehicle's various systems, leading to improved safety, convenience, and entertainment options within the vehicle.
 

Moreover, as 5G networks continue to mature and expand globally, automotive manufacturers are increasingly incorporating 5G-enabled Telematics Control Units (TCUs) into their vehicles. This adoption is driven by the advanced connectivity features that 5G technology offers, enabling a wider range of connected services that enhance the driving experience. With 5G, vehicles can support high-definition streaming, real-time traffic updates, and cloud-based vehicle diagnostics, providing drivers with more accurate information and a richer in-cabin experience. These capabilities are particularly important as vehicles become more connected and autonomous, requiring fast and reliable communication with external networks and other vehicles.
 

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.

4G/5G Automotive Telematics Control Units Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 320
  • Countries covered: 25
  • Pages: 200
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