Edit Content

Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Motor Racing Telematics Market to reach USD xx billion by the end of 2030

Global Motor Racing Telematics Market Size study & Forecast, by Type (Motor Racing Telematics (MRT), Remote Location System) By Application (IoT Platform, M2M) and Regional Analysis, 2023-2030

Product Code: ALTAMC-12213494
Publish Date: 10-03-2024
Page: 200

Global Motor Racing Telematics Market is valued approximately at USD xx billion in 2022 and is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2023-2030. Motor Racing Telematics devices installed in the racing vehicle collect a wide range of data in real-time. This data includes information about the vehicle’s speed, engine performance, tire pressure, fuel consumption, temperature, and other relevant parameters. The Motor Racing Telematics market is expanding because of factors such as increasing number of connected cars and rising demand for embedded auto telematics. Motor Racing Telematics is crucial for making tactical decisions during the race. Teams can adjust strategies, pit stops, and other factors based on real-time data to gain a competitive advantage. As a result, the demand of Motor Racing Telematics has progressively increased in the international market during the forecast period 2023-2030.

Connected cars often integrate with emerging technologies such as artificial intelligence (AI) and machine learning. These technologies can enhance the capabilities of Motor Racing Telematics by providing predictive analytics and more advanced performance optimization algorithms. According to the Statista, the global connected automobile market accounts USD 65 billion in 2021, and anticipated to reach around USD 121 billion by the year 2025. Another important factor driving the Motor Racing Telematics market is increasing demand for embedded auto telematics. Embedded auto telematics systems are designed to provide accurate and precise data about various vehicle parameters. This high level of data accuracy is crucial in motor racing, where even minor details can make a significant difference. Racing teams can leverage this precise data for real-time monitoring, performance analysis, and strategic decision-making during races. In addition, as per Statista, in 2020, there were around 130 million integrated automobile OEM telematics units in operation around the world and is projected to reach up to 375 million by the year 2026. Moreover, rising trend of green and hybrid vehicles and increased disposable income is anticipated to create a lucrative growth opportunity for the market over the forecast period. However, high cost of motor racing telematics equipment and data security issues in telematics systems is going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Motor Racing Telematics Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the rising disposable income and growing investments in motorsports in the region. Higher investments in motorsports stimulate technological innovation and competition among racing teams and manufacturers. Racing teams strive to gain a competitive edge through advanced technologies, including Motor Racing Telematics, to improve vehicle performance and strategic decision-making. The region’s dominant performance is anticipated to propel the overall demand of Motor Racing Telematics. Furthermore, Asia Pacific region is expected to grow with the fastest CAGR during the forecast period, owing to factors such as rising demand for hybrid vehicles in the region. Teams can adjust their approach based on real-time information about energy levels, predicting when to switch between the combustion engine and electric power, optimizing the use of available energy reserves, and planning strategic pit stops.

Major market player included in this report are:
Bynx Inc
AT&T Inc
Connexis, LLC
Agero, Inc
Continental AG
Ericsson AB
Airbiquity Inc
Fleetmatics Group PLC
Visteon Corporation
Verizon Telematics Inc

Recent Developments in the Market:
Ø In September 2023, Airbiquity, collaborates with Tessolve, a leading hardware platform company for silicon and system productization in a variety of markets, including automotive, motorcycles, scooters, industrial IoT, semiconductor, avionics, and defence. The two firms have pre-connected Airbiquity’s OTAmatic software management platform and LOGmatic data recording platform with Tessolve’s TERA family of devices, providing industry-leading complex application gateways that can be quickly integrated into cars. Either firm’s solutions accessible in tandem significantly decreases the complexity, cost, and time required for original equipment manufacturers (OEMs) to analyse, create, and deploy advanced connected vehicles that feature full-vehicle OTA software updates and flexible data logging. Airbiquity’s OTAmatic software management platform securely orchestrates and automates software update campaigns while addressing the automotive industry’s specific and severe criteria. Airbiquity’s LOGmatic data logging platform is an easy-to-integrate and adaptable product that enables safe, customisable, dynamic data logging and transfer with ECU protection and minimal resource utilisation.

Global Motor Racing 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 – 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 Type
Motor Racing Telematics (MRT)
Remote Location System

By Application
IoT Platform

By Region:

North America


Asia Pacific
South Korea

Latin America

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. Motor Racing Telematics Market, by region, 2020-2030 (USD Billion)
1.2.2. Motor Racing Telematics Market, by Type, 2020-2030 (USD Billion)
1.2.3. Motor Racing Telematics Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Motor Racing 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 Motor Racing Telematics Market Dynamics
3.1. Motor Racing Telematics Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing number of connected cars Rising demand for embedded auto telematics
3.1.2. Market Challenges High cost of motor racing telematics equipment Data security issues in telematics systems
3.1.3. Market Opportunities Rising trend of green and hybrid vehicles Increased disposable income
Chapter 4. Global Motor Racing 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. Economic
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 Motor Racing Telematics Market, by Type
5.1. Market Snapshot
5.2. Global Motor Racing Telematics Market by Type, Performance – Potential Analysis
5.3. Global Motor Racing Telematics Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Motor Racing Telematics Market, Sub Segment Analysis
5.4.1. Motor Racing Telematics (MRT)
5.4.2. Remote Location System
Chapter 6. Global Motor Racing Telematics Market, by Application
6.1. Market Snapshot
6.2. Global Motor Racing Telematics Market by Application, Performance – Potential Analysis
6.3. Global Motor Racing Telematics Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Motor Racing Telematics Market, Sub Segment Analysis
6.4.1. IoT Platform
6.4.2. M2M
Chapter 7. Global Motor Racing Telematics Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Motor Racing Telematics Market, Regional Market Snapshot
7.4. North America Motor Racing Telematics Market
7.4.1. U.S. Motor Racing Telematics Market Type breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Motor Racing Telematics Market
7.5. Europe Motor Racing Telematics Market Snapshot
7.5.1. U.K. Motor Racing Telematics Market
7.5.2. Germany Motor Racing Telematics Market
7.5.3. France Motor Racing Telematics Market
7.5.4. Spain Motor Racing Telematics Market
7.5.5. Italy Motor Racing Telematics Market
7.5.6. Rest of Europe Motor Racing Telematics Market
7.6. Asia-Pacific Motor Racing Telematics Market Snapshot
7.6.1. China Motor Racing Telematics Market
7.6.2. India Motor Racing Telematics Market
7.6.3. Japan Motor Racing Telematics Market
7.6.4. Australia Motor Racing Telematics Market
7.6.5. South Korea Motor Racing Telematics Market
7.6.6. Rest of Asia Pacific Motor Racing Telematics Market
7.7. Latin America Motor Racing Telematics Market Snapshot
7.7.1. Brazil Motor Racing Telematics Market
7.7.2. Mexico Motor Racing Telematics Market
7.8. Middle East & Africa Motor Racing Telematics Market
7.8.1. Saudi Arabia Motor Racing Telematics Market
7.8.2. South Africa Motor Racing Telematics Market
7.8.3. Rest of Middle East & Africa Motor Racing Telematics Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Bynx Inc Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. AT&T Inc
8.3.3. Connexis, LLC
8.3.4. Agero, Inc
8.3.5. Continental AG
8.3.6. Ericsson AB
8.3.7. Airbiquity Inc
8.3.8. Fleetmatics Group PLC
8.3.9. Visteon Corporation
8.3.10. Verizon Telematics Inc
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
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:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
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.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com


Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.

Enquiry Now