rise in in-vehicle communication options is driving the Automotive Aftermarket Telematics Market

Latest News:- Automotive Aftermarket Telematics Market: Passenger cars is expected to lead the Application segment during 2024-2028

Technavio analyzes that the Automotive Aftermarket Telematics Market is expected to grow at a CAGR of 19.7% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 25678.8 million.There are various factors that contribute to the growth of the market. The Automotive Aftermarket Telematics Market is experiencing significant growth due to the increasing availability of in-vehicle communication options. These advanced technologies enable real-time vehicle monitoring, diagnostics, and connectivity, enhancing the driving experience and providing valuable data for maintenance and safety purposes. This trend is expected to continue as automakers and aftermarket providers invest in developing more sophisticated telematics systems.

The automotive aftermarket telematics market is experiencing significant growth, driven by the increasing adoption of telematics in passenger vehicles. This segment represents a substantial portion of the automotive industry, with high volume and revenue potential. The expansion of ride-hailing and car rental services necessitates telematics technology for efficient fleet management. OEMs (Original Equipment Manufacturers) are also investing in connected car services, integrating 5G networks for real-time traffic updates, remote diagnostics, and autonomous driving capabilities. Telecom companies are collaborating with OEMs to provide advanced connected car services, further fueling market growth. The passenger car segment, being the largest in the automotive industry, will continue to be a major contributor to the market's growth due to the rising demand from emerging markets and the revival of developed economies. 

Know which region is leading the market growth by requesting a sample report

Automotive Aftermarket Telematics Market Segmentation

• Application
  • Passenger cars
  • Commercial vehicles
• Geography
  • APAC
  • North America
  • Europe
  • South America
  • Middle East and Africa

Top Performing Companies

As per our research findings, here are some of the key competitors that are leading the industry

• Arvento Mobile Systems
• AT and T Inc.
• Auto-Wares Group Inc.
• Bridgestone Corp.
• Geotab Inc.
• Huawei Technologies Co. Ltd.
• Intel Corp.
• Microlise Group Plc
• MiX Telematics Ltd.
• Novotech Technologies Inc.
• OCTO Telematics S.p.A
• Omnitracs LLC
• Robert Bosch GmbH
• Samsung Electronics Co. Ltd.
• Teletrac Navman US Ltd.
• Trimble Inc.
• Verizon Communications Inc.
• Vodafone Group Plc
• ZF Friedrichshafen AG
• Zonar Systems Inc.

Find out what is trending in the market by accessing the free PDF report

Research Analysis Overview

The Automotive Aftermarket Telematics Market encompasses Connected Technologies and Intelligent Technologies, including Fleet Management, Vehicular Tracking, and Fleet Safety. Commercial Vehicles benefit greatly from Telematics Systems, enhancing Fleet Utilization and enabling Real-time Traffic Updates, Remote Diagnostics, and Autonomous Driving. Cloud Technologies, Telecom, and 5G Networks facilitate Connected Car Market services. Targa Telematics utilizes Satellite Technology for tracking and analyzing Road Traffic Accidents, while Embedded Systems and Telematics Devices power Technologically Advanced Vehicles, such as High-performance, Fuel-efficient, Electric, and Vehicle Models. Fleet Management Services and Vehicle Management are key applications of Connected Vehicle Technology.

Market Research Overview

The global automotive aftermarket, encompassing telematics, connected, autonomous, and intelligent technologies, is a significant sector within the larger automotive parts and equipment industry. This market caters to the production of components and equipment for various vehicle types, including passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. According to Technavio, market expansion is primarily driven by the increasing integration of electronic components in automobiles, such as electronic control units (ECUs) and other electrical components, fueled by the rising sales of EVs, PCs, and two-wheelers. Furthermore, the adoption of telematics systems, fleet management solutions, and cloud technologies in commercial vehicles for fleet safety, utilization, and vehicle communication is a significant growth factor. GPS technology and wireless connectivity are essential components of these telematics systems, enabling real-time vehicle tracking and monitoring.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Reasons to Consider Purchasing Technavio Market Research Report

• Current Market Insights: Our reports offer valuable information on the latest market intelligence, competitor strategies, trends, industry changes, customer preferences, and forecasted market opportunities to aid in informed business decisions.


• Extensive Experience: With over 20 years in market research, Technavio is a trusted name, having published more than 21,000 reports across various industries and regions.


• High ROI Through In-Depth Research: Technavio specializes in tailored market research reports to meet specific business needs, exploring particular markets, product segments, and demographics. We are also recognized for delivering significant returns on investment through our comprehensive data collection at affordable prices.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/