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Global Electric Vehicle Telematics Market to reach USD 40.56 billion by the end of 2030.

Global Electric Vehicle Telematics Market Size study & Forecast, by Technology (Embedded, Retrofitted), by Vehicle Type (Two Wheelers, Passenger Vehicles, Commercial Vehicles), by Application (Safety & Security, Entertainment, Information & Navigation, Diagnostics, Others) and Regional Analysis, 2023-2030

Product Code: ALTAE-91103298
Publish Date: 20-10-2023
Page: 200

Global Electric Vehicle Telematics Market is valued at approximately USD 8.05 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 22.4% over the forecast period 2023-2030. Electric vehicle (EV) telematics refers to the integration of telecommunications and informatics technologies with electric vehicles to enable real-time monitoring, data collection, and remote communication with these vehicles. Telematics systems in EVs consist of hardware and software components that work together to gather, process, and transmit data related to the vehicle’s performance, location, and other relevant metrics. The Electric Vehicle Telematics market is expanding because of factors such as the rising adoption of electric vehicles and the rising integration of connectivity and IoT technology in electric vehicles.

As the adoption of electric vehicles increases, the demand for telematics solutions tailored for EVs also grows. Telematics plays a crucial role in monitoring and optimizing EV performance, managing battery life, and enhancing the overall user experience. The International Energy Agency estimates that there were more than 16.5 million electric vehicles in use worldwide in 2021, an increase of 61% is 10.2 million units in the year 2020. Furthermore, Norway’s government announced to prohibit the sales of ICE vehicles by the year 2025, France by 2040, and the UK by 2050. This prohibition would lead to a rise in the adoption of electric vehicles, resulting in market growth. In addition, the integration of smart grids and energy management and the demand for advancement in technologies to enhance EV operations are some factors creating new opportunities for market growth. However, the high cost of electric vehicle telematics and security concerns stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Electric Vehicle Telematics Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to factors such as rising adoption of electric vehicles, rising government initiative to promote the adoption of electric vehicle telematics, and increased technological advancement. Whereas, Europe is projected to register significant growth owing to factors such as the rising automotive industry, rising government initiatives for promoting the adoption of electric vehicles, rising investment in connectivity and IoT integration in electric vehicles in the region.

Major market player included in this report are:
TomTom International
Robert Bosch GmbH
Continental AG
Trimble, Inc.
Geotab Inc
CSS Electronics
Intellicar Telematics Private Limited (ITPL)
Inventure Ltd
Agero, Inc
Airbiquity, Inc.

Recent Developments in the Market:
Ø In February 2022, Otonomo Technologies Ltd., an Israeli platform for exchanging car data, acquired USD 69 million from the UK-based vehicle telematics company Floww. As a result, the mobility intelligence platform of Otonomo might incorporate Floww car telematics technologies.
Ø In March 2022, Utility Trailer Manufacturing Co. launched Utility Connect in collaboration with Philips for trailer telematics. The Phillips Connect Smart7 nose box is compatible with the Utility Connect system’s electrical harness due to its re-engineering.

Global Electric Vehicle Telematics Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Technology, Vehicle Type, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology:
Embedded
Retrofitted

By Vehicle Type:
Two Wheelers
Passenger Vehicles
Commercial Vehicles

By Application:
Safety & Security
Entertainment
Information & Navigation
Diagnostics
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Electric Vehicle Telematics Market, by Region, 2020-2030 (USD Billion)
1.2.2. Electric Vehicle Telematics Market, by Technology, 2020-2030 (USD Billion)
1.2.3. Electric Vehicle Telematics Market, by Vehicle Type, 2020-2030 (USD Billion)
1.2.4. Electric Vehicle Telematics Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Electric Vehicle Telematics Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Electric Vehicle Telematics Market Dynamics
3.1. Electric Vehicle Telematics Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing adoption of electric vehicles
3.1.1.2. integration of connectivity and IoT technology in electric vehicles.
3.1.2. Market Challenges
3.1.2.1. High cost of electric vehicle telematics
3.1.2.2. Data Privacy and Security Concerns
3.1.3. Market Opportunities
3.1.3.1. Integration of smart grids and energy management
3.1.3.2. Demand for advancement in technologies to enhance EV operations
Chapter 4. Global Electric Vehicle Telematics Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Electric Vehicle Telematics Market, by Technology
5.1. Market Snapshot
5.2. Global Electric Vehicle Telematics Market by Technology, Performance – Potential Analysis
5.3. Global Electric Vehicle Telematics Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
5.4. Electric Vehicle Telematics Market, Sub Segment Analysis
5.4.1. Embedded
5.4.2. Retrofitted
Chapter 6. Global Electric Vehicle Telematics Market, by Vehicle Type
6.1. Market Snapshot
6.2. Global Electric Vehicle Telematics Market by Vehicle Type, Performance – Potential Analysis
6.3. Global Electric Vehicle Telematics Market Estimates & Forecasts by Vehicle Type 2020-2030 (USD Billion)
6.4. Electric Vehicle Telematics Market, Sub Segment Analysis
6.4.1. Two Wheelers
6.4.2. Passenger Vehicles
6.4.3. Commercial Vehicles
Chapter 7. Global Electric Vehicle Telematics Market, by Application
7.1. Market Snapshot
7.2. Global Electric Vehicle Telematics Market by Application, Performance – Potential Analysis
7.3. Global Electric Vehicle Telematics Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Electric Vehicle Telematics Market, Sub Segment Analysis
7.4.1. Safety & Security
7.4.2. Entertainment
7.4.3. Information & Navigation
7.4.4. Diagnostics
7.4.5. Others
Chapter 8. Global Electric Vehicle Telematics Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Electric Vehicle Telematics Market, Regional Market Snapshot
8.4. North America Electric Vehicle Telematics Market
8.4.1. U.S. Electric Vehicle Telematics Market
8.4.1.1. Technology breakdown estimates & forecasts, 2020-2030
8.4.1.2. Vehicle Type breakdown estimates & forecasts, 2020-2030
8.4.1.3. Application breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Electric Vehicle Telematics Market
8.5. Europe Electric Vehicle Telematics Market Snapshot
8.5.1. U.K. Electric Vehicle Telematics Market
8.5.2. Germany Electric Vehicle Telematics Market
8.5.3. France Electric Vehicle Telematics Market
8.5.4. Spain Electric Vehicle Telematics Market
8.5.5. Italy Electric Vehicle Telematics Market
8.5.6. Rest of Europe Electric Vehicle Telematics Market
8.6. Asia-Pacific Electric Vehicle Telematics Market Snapshot
8.6.1. China Electric Vehicle Telematics Market
8.6.2. India Electric Vehicle Telematics Market
8.6.3. Japan Electric Vehicle Telematics Market
8.6.4. Australia Electric Vehicle Telematics Market
8.6.5. South Korea Electric Vehicle Telematics Market
8.6.6. Rest of Asia Pacific Electric Vehicle Telematics Market
8.7. Latin America Electric Vehicle Telematics Market Snapshot
8.7.1. Brazil Electric Vehicle Telematics Market
8.7.2. Mexico Electric Vehicle Telematics Market
8.8. Middle East & Africa Electric Vehicle Telematics Market
8.8.1. Saudi Arabia Electric Vehicle Telematics Market
8.8.2. South Africa Electric Vehicle Telematics Market
8.8.3. Rest of Middle East & Africa Electric Vehicle Telematics Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. TomTom International
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. Recent Developments
9.3.2. Robert Bosch GmbH
9.3.3. Continental AG
9.3.4. Trimble, Inc.
9.3.5. Geotab Inc
9.3.6. CSS Electronics
9.3.7. Intellicar Telematics Private Limited (ITPL)
9.3.8. Inventure Ltd
9.3.9. Agero, Inc,
9.3.10. Airbiquity, Inc.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Critical elements of methodology employed for all our studies include:
Data Collection:
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Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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