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Automotive Embedded Telematics Market Share

Report ID: GMI9779
Published Date: Jun 2024
Report Format: PDF

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Automotive Embedded Telematics Market Share

BMW Group has established itself as a leader in the luxury market with its cutting-edge automotive technologies and high-performance automobiles. The corporation has made significant investments in telematics, equipping its cars with cutting-edge features like remote services, real-time traffic updates, and vehicle diagnostics. For example, BMW's ConnectedDrive platform provides a range of services that improve driving via navigation, connectivity, and driver assistance capabilities. Because of its all-encompassing approach to automotive connectivity, BMW has become the go-to option for customers looking for high-end cars with cutting-edge telematics.

Bosch Connected Devices and Solutions, on the other hand, uses its vast knowledge of sensor technology and vehicle electronics to offer cutting-edge telematics solutions. With features including fleet management, predictive maintenance, and increased vehicle security, Bosch's telematics systems serve the needs of both consumer and commercial vehicle industries. Modern telematics systems that are dependable, scalable, and adjustable to different automotive applications are the product of the company's dedication to research and development. Additionally, Bosch's solid partnerships with automakers have allowed it to easily integrate its telematics solutions into a variety of vehicle models, thereby broadening its market reach.

Both companies' focus on technological innovation, quality, and strategic market positioning has allowed them to capture significant market share in the automotive embedded telematics sector. Their ability to anticipate and meet the evolving needs of consumers and businesses alike has solidified their leadership in this competitive market.

Automotive Embedded Telematics Market Share

Major players operating in the automotive embedded telematics industry are:

BMW Group
Bosch Connected Devices and Solutions
Continental AG
Ford Motor Company
General Motors

Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size of automotive embedded telematics was reached USD 18.4 billion in 2023 and is anticipated to register over 15% CAGR between 2024 and 2032, driven by increasing demand for connected vehicles and the growing focus on fleet management.

The services segment in the automotive embedded telematics market is expected to witness 20% CAGR through 2032, owing to the rise in advanced telematics solutions and the growing demand for connected car services.

Asia Pacific automotive embedded telematics market held 25% revenue share in 2023 due to the expansion of automotive industry, increase in disposable incomes and shifting consumer preferences towards connected and smart cars.

BMW Group, Bosch Connected Devices and Solutions, Continental AG, Ford Motor Company, and General Motors.