China, India, Southeast Asia Automotive OEM Telematics Market by Vehicle Type and Application

China, India, Southeast Asia Automotive OEM Telematics Market by Vehicle Type (Passenger Car, HCV, LCV, MCV, and Two-Wheeler) and Application (Solutions and Services): Opportunity Analysis and Industry Forecast, 2019–2026

The China, India and Southeast Asia automotive OEM telematics market was valued at $5,207.3 million in 2018 and is projected to reach $38,723.4 million by 2026, registering a CAGR of 27.1% from 2019 to 2026.

Automotive OEM telematics are preinstalled solutions installed in automobiles, which comprise telematics equipment, connectivity, and services. The services are provided either free of cost or on a subscription basis. Automotive manufacturers need to adhere to the safety standards defined by the governments of respective regions. The eCall system is one of the standard devices used in European vehicles for automatically dialing a helpline number and send location details in case of emergencies. The European car manufacturing industry has been closely working with connectivity device manufacturers and telecom service providers to offer connectivity solutions, which are as per the industry standards. Automotive OEM Telematics Market Size in Southeast Asia is anticipated to grow at a significant growth rate.

Stringent government rules and regulations for telematics, increase in fleet management, and rise in concern regarding safety & security are the key factors that significantly contribute toward the growth of the China, India and Southeast Asia automotive OEM telematics market. Moreover, rise in trend of connectivity solutions are expected to boost the growth of the China, India and Southeast Asia automotive OEM telematics market. In addition, vehicle diagnose due to the telematics systems fuels the market growth. However, threat of data hacking, and unavailability of uninterrupted & seamless connectivity are some of the factors that restrict the growth of the market. Automotive OEM Telematics Market Share in Southeast Asia is lower as compared to China and India.

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