South & Central America Automotive Telematics Market Forecast to 2030
South & Central America Automotive Telematics Market Forecast to 2030 – Regional Analysis – by Offering (Hardware and Software & Services), Connectivity (Integrated, Tethered, and Embedded), Vehicle Type (Passenger Cars and Commercial Cars), and Application (Infotainment, Remote Diagnosis, Navigation (GPS), Safety and Security, and Others)
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Description
Rising Adoption of Connected Cars Fuels South & Central America Automotive Telematics Market
The automobile industry has fundamentally transformed the connected car market in recent years. Vehicles in this dynamic industry are distinguished by their advanced sensor, communication, and software capabilities, which allow them to link to the internet, other vehicles, infrastructure, and numerous digital platforms. This has resulted in increasing consumer demand for connectivity and convenience. Consumers now expect seamless integration of their smartphones, access to navigation and entertainment apps, and the ability to monitor and control their vehicles remotely. Businesses and industries are further exploring the potential of connected fleets for improved logistics, fuel efficiency, and vehicle management. The rising adoption of car connectivity for exchanging data with external systems for infotainment automated safety features drives the South & Central America automotive telematics market growth. Volkswagen Group’s connected car sales increased by 12% in 2022. BMW Group reported sales of 2.5 million units of connected cars, showing a growth of 8.4% in 2021 compared to 2020. The growth in connected car sales has created a massive demand for automotive telematics solutions. The connected cars consist of several telematics solutions such as GPS tracking devices, buzzers, and input and output devices.
South & Central America Automotive Telematics Market Overview
The passenger car & commercial vehicle industry in SAM is improving steadily, as it has been witnessed that previously, most countries were strongly affected by the economic crisis and currency fluctuations. The overall passenger car & commercial vehicle industry is boosted by the slow but continuous recovery of the Brazilian market. It accounts for a significant market share in terms of production, sales, and exports. Growing production of vehicles and rising investment by OEMs to expand their presence in the region are significant factors driving the South & Central America automotive telematics market in SAM. The investments made by OEMs to establish their presence in the region are driving the market. For instance, in November 2023, Nissan Auto Japanese car manufacturer planned to invest more than US$ 575.22 million in between 2023 to 2025 for the expansion of in its automotive plant in Brazil. Such, rising investment by the key players for the automotive plant expansion is driving the South & Central America automotive telematics market growth.
South & Central America Automotive Telematics Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Automotive Telematics Market Segmentation
The South & Central America automotive telematics market is categorized into offering, connectivity, vehicle type, application, and country.
Based on offering, the South & Central America automotive telematics market is bifurcated into hardware and software & services. The hardware segment held a larger market share in 2022. The hardware is further sub segmented into telematics control units, navigation system, in-vehicle infotainment units, and others.
In terms of connectivity, the South & Central America automotive telematics market is categorized into integrated, tethered, and embedded. The integrated segment held the largest market share in 2022.
By vehicle type, the South & Central America automotive telematics market is bifurcated into passenger cars and commercial cars. The passenger cars segment held the largest market share in 2022.
By application, the South & Central America automotive telematics market is segmented into infotainment, remote diagnosis, navigation (GPS), safety and security, and others. The infotainment segment held the largest market share in 2022.
By country, the South & Central America automotive telematics market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America automotive telematics market share in 2022.
Denso Corp, Harman International Industries Inc, Luxoft Switzerland AG, Omnitracs LLC, TomTom NV, Trimble Inc, and Valeo SE are among the leading companies operating in the South & Central America automotive telematics market.
Summary Info
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According to the Research Team’ research, the South & Central America automotive telematics market was valued at US$ 1,953.59 million in 2022 and is expected to reach US$ 6,141.92 million by 2030, registering a CAGR of 15.4% from 2022 to 2030. Mounting adoption of IoT and AI in fleet management and rising adoption of connected cars are among the critical factors attributed to drive the South & Central America automotive telematics market growth.
IoT-enabled telematic devices optimize customer services and enhance vehicle maintenance management. With an IoT-integrated automotive telematics platform, communication and data retrieval become easy via smartphone applications and help in condition monitoring of the vehicle. Several companies are adopting the Sixt, and mobility service providers have adopted IoT-enabled automotive telematics systems via applications to optimize business operations. With this, app, customers connected more than 280,000 vehicles and connected with around 1.5 million drivers across 110 countries globally. The rising adoption of IoT and connected cars is a major trend in the South & Central America automotive telematics market. Several leading players are partnering with IoT solutions providers to enhance automotive capabilities. For instance, Aeris IoT and Sify solution provider integrated their IoT solutions for connected cars that minimize idle time and offer real-time vehicle tracking. Aeris IoT solutions providers have integrated the IoT Network, and the company has optimized more than 600 carriers across 190 countries. Further, Axon Telematics, a supplier of telematics solutions, partnered with Aeris to deploy an automotive telematics product to manage the real-time vehicle location. Axon deployed its product that collects drivers’ behavior data to help insurers determine the vehicle’s real-time location and provides a self-activation and self-installation system for vehicle policyholders. The logistics and transportation industry is implementing IoT for real-time vehicle location tracking. The growing adoption of smart tracking and environment monitoring (STEM) devices among consumers and transportation companies drives the growth of the South & Central America automotive telematics market. IoT-enabled devices track real-time GPS locations and help manage ambient temperature, pressure, humidity, goods mishandling, and several other parameters. It assures the smooth handling of goods throughout the transportation supply chain. Further, rising advancements in telematics gateways helped transportation and logistics companies optimize routing for better efficiency, monitoring the fleet’s health, and improving the overall safety of the drivers.
On the contrary, the data privacy and security concerns hampers the growth of South & Central America automotive telematics market.
Based on offering, the South & Central America automotive telematics market is segmented into hardware and software & services. The hardware segment held 62.0% market share in 2022, amassing US$ 1,211.44 million. It is projected to garner US$ 3,392.78 million by 2030 to register 13.7% CAGR during 2022-2030. The hardware is further sub segmented into telematics control units, navigation system, in-vehicle infotainment units, and others.
In terms of connectivity, the South & Central America automotive telematics market is categorized into integrated, tethered, and embedded. The integrated segment held 39.7% share of South & Central America automotive telematics market in 2022, amassing US$ 774.75 million. It is anticipated to garner US$ 2,881.46 million by 2030 to expand at 17.8% CAGR during 2022-2030.
By vehicle type, the South & Central America automotive telematics market is bifurcated into passenger cars and commercial cars. The passenger cars segment held 63.8% share of South & Central America automotive telematics market in 2022, amassing US$ 1,246.86 million. It is projected to garner US$ 3,443.18 million by 2030 to expand at 13.5% CAGR from 2022 to 2030.
By application, the South & Central America automotive telematics market is segmented into infotainment, remote diagnosis, navigation (GPS), safety and security, and others. The infotainment segment held 25.7% share of South & Central America automotive telematics market in 2022, amassing US$ 501.37 million. It is anticipated to garner US$ 1,641.59 million by 2030 to expand at 16.0% CAGR during 2022-2030.
By country, the South & Central America automotive telematics market is segmented into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 81.8% share of South & Central America automotive telematics market in 2022. It was assessed at US$ 1,598.04 million in 2022 and is likely to hit US$ 5,171.50 million by 2030, registering a CAGR of 15.8% during 2022-2030.
Key players operating in the South & Central America automotive telematics market are Denso Corp, Harman International Industries Inc, Luxoft Switzerland AG, Omnitracs LLC, TomTom NV, Trimble Inc, and Valeo SE, among others.
2022: ORBCOMM Inc., a global provider of Internet of Things (IoT) solutions, announced that it has added new feature enhancements to its data-driven truck telematics solution to improve the visibility, efficiency, safety and experience for fleets, drivers and their customers.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the South & Central America automotive telematics market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the South & Central America automotive telematics market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Automotive Telematics Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.3 List of Automotive Telematics companies and subscribers
5. South & Central America Automotive Telematics Market – Key Industry Dynamics
5.1 South & Central America Automotive Telematics Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Rising Automotive Sales and Production Globally
5.2.2 Increasing Installation of Telematic Devices by Automotive OEMs
5.2.3 Growing Demand for Vehicle Rental Services
5.2.4 The Rising Adoption of Fleet Management Solutions by the Transport and Logistics Sector
5.3 Market Restraints
5.3.1 Data Privacy and Security Concerns
5.3.2 High Initial Costs and Affordability Concerns
5.4 Market Opportunities
5.4.1 Increasing Adoption of Intelligent Telematic Solutions
5.5 Future Trends
5.5.1 Rising Adoption of Connected Cars
5.5.2 Mounting Adoption of IoT and AI in Fleet Management
5.6 Impact of Drivers and Restraints:
6. Automotive Telematics Market – South & Central America Market Analysis
6.1 South & Central America Automotive Telematics Market Revenue (US$ Million), 2022 – 2030
6.2 South & Central America Automotive Telematics Market Forecast and Analysis
7. South & Central America Automotive Telematics Market Analysis – Offering
7.1 South & Central America Automotive Telematics Market, By Offering (2022 and 2030)
7.2 Hardware
7.2.1 Overview
7.2.2 Hardware Market, Revenue and Forecast to 2030 (US$ Million)
7.2.3 Telematics Control Units
7.2.3.1 Overview
7.2.4 Navigation System
7.2.4.1 Overview
7.2.5 In-Vehicle Infotainment Systems
7.2.5.1 Overview
7.2.6 Others
7.2.6.1 Overview
7.3 Software and Services
7.3.1 Overview
7.3.2 Software and Services Market, Revenue and Forecast to 2030 (US$ Million)
8. South & Central America Automotive Telematics Market Analysis – Connectivity
8.1 South & Central America Automotive Telematics Market, By Connectivity (2022 and 2030)
8.2 Integrated
8.2.1 Overview
8.2.2 Integrated Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Tethered
8.3.1 Overview
8.3.2 Tethered Market, Revenue and Forecast to 2030 (US$ Million)
8.4 Embedded
8.4.1 Overview
8.4.2 Embedded Market, Revenue and Forecast to 2030 (US$ Million)
9. South & Central America Automotive Telematics Market Analysis – Vehicle Type
9.1 South & Central America Automotive Telematics Market, By Vehicle Type (2022 and 2030)
9.2 Passenger Cars
9.2.1 Overview
9.2.2 Passenger Cars Market, Revenue and Forecast to 2030 (US$ Million)
9.3 Commercial Vehicles
9.3.1 Overview
9.3.2 Commercial Vehicles Market, Revenue and Forecast to 2030 (US$ Million)
10. South & Central America Automotive Telematics Market Analysis – Application
10.1 South & Central America Automotive Telematics Market, By Application (2022 and 2030)
10.2 Infotainment
10.2.1 Overview
10.2.2 Infotainment Market, Revenue and Forecast to 2030 (US$ Million)
10.3 Remote Diagnosis
10.3.1 Overview
10.3.2 Remote Diagnosis Market, Revenue and Forecast to 2030 (US$ Million)
10.4 Navigation (GPS)
10.4.1 Overview
10.4.2 Navigation (GPS) Market, Revenue and Forecast to 2030 (US$ Million)
10.5 Safety and Security
10.5.1 Overview
10.5.2 Safety and Security Market, Revenue and Forecast to 2030 (US$ Million)
10.6 Others
10.6.1 Overview
10.6.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
11. South & Central America Automotive Telematics Market – Country Analysis
11.1 South & Central America
11.1.1 South & Central America Automotive Telematics Market Revenue and Forecasts and Analysis – By Country
11.1.1.1 Brazil: South & Central America Automotive Telematics Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.1.1.1 Brazil: South & Central America Automotive Telematics Market Breakdown by Offering
11.1.1.1.2 Brazil: South & Central America Automotive Telematics Market Breakdown by Hardware
11.1.1.1.3 Brazil: South & Central America Automotive Telematics Market Breakdown by Connectivity
11.1.1.1.4 Brazil: South & Central America Automotive Telematics Market Breakdown by Vehicle Type
11.1.1.1.5 Brazil: South & Central America Automotive Telematics Market Breakdown by Application
11.1.1.2 Argentina: South & Central America Automotive Telematics Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.1.2.1 Argentina: South & Central America Automotive Telematics Market Breakdown by Offering
11.1.1.2.1.1 Argentina: South & Central America Automotive Telematics Market Breakdown by Hardware
11.1.1.2.2 Argentina: South & Central America Automotive Telematics Market Breakdown by Connectivity
11.1.1.2.3 Argentina: South & Central America Automotive Telematics Market Breakdown by Vehicle Type
11.1.1.2.4 Argentina: South & Central America Automotive Telematics Market Breakdown by Application
11.1.1.3 Rest of South & Central America: South & Central America Automotive Telematics Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.1.3.1 Rest of South & Central America: South & Central America Automotive Telematics Market Breakdown by Offering
11.1.1.3.1.1 Rest of South & Central America: South & Central America Automotive Telematics Market Breakdown by Hardware
11.1.1.3.2 Rest of South & Central America: South & Central America Automotive Telematics Market Breakdown by Connectivity
11.1.1.3.3 Rest of South & Central America: South & Central America Automotive Telematics Market Breakdown by Vehicle Type
11.1.1.3.4 Rest of South & Central America: South & Central America Automotive Telematics Market Breakdown by Application
12. Competitive Landscape
12.1 Heat Map Analysis by Key Players
12.2 Company Positioning & Concentration
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Product Development
14. Company Profiles
14.1 Omnitracs LLC
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Trimble Inc
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Valeo SE
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 TomTom NV
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Denso Corp
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Luxoft Switzerland AG
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Harman International Industries Inc
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
15. Appendix
15.1 Word Index
15.2 About the Research Team
LIST OF TABLES
Table 1. South & Central America Automotive Telematics Market Revenue and Forecasts to 2030 (US$ Million)
Table 2. South & Central America Automotive Telematics Market Revenue and Forecasts to 2030 (US$ Million) – Offering
Table 3. South & Central America Automotive Telematics Market Revenue and Forecasts to 2030 (US$ Million) – Connectivity
Table 4. South & Central America Automotive Telematics Market Revenue and Forecasts to 2030 (US$ Million) – Vehicle Type
Table 5. South & Central America Automotive Telematics Market Revenue and Forecasts to 2030 (US$ Million) – Application
Table 6. Brazil: South & Central America Automotive Telematics Market Revenue and Forecasts to 2030 (US$ Mn) – Offering
Table 7. Brazil: South & Central America Automotive Telematics Market Revenue and Forecasts to 2030 (US$ Mn) – Hardware
Table 8. Brazil: South & Central America Automotive Telematics Market Revenue and Forecasts to 2030 (US$ Mn) – Connectivity
Table 9. Brazil: South & Central America Automotive Telematics Market Revenue and Forecasts to 2030 (US$ Mn) – Vehicle Type
Table 10. Brazil: South & Central America Automotive Telematics Market Revenue and Forecasts to 2030 (US$ Mn) – Application
Table 11. Argentina: South & Central America Automotive Telematics Market Revenue and Forecasts to 2030 (US$ Mn) – Offering
Table 12. Argentina: South & Central America Automotive Telematics Market Revenue and Forecasts to 2030 (US$ Mn) – Hardware
Table 13. Argentina: South & Central America Automotive Telematics Market Revenue and Forecasts to 2030 (US$ Mn) – Connectivity
Table 14. Argentina: South & Central America Automotive Telematics Market Revenue and Forecasts to 2030 (US$ Mn) – Vehicle Type
Table 15. Argentina: South & Central America Automotive Telematics Market Revenue and Forecasts to 2030 (US$ Mn) – Application
Table 16. Rest of South & Central America: South & Central America Automotive Telematics Market Revenue and Forecasts to 2030 (US$ Mn) – Offering
Table 17. Rest of South & Central America: South & Central America Automotive Telematics Market Revenue and Forecasts to 2030 (US$ Mn) – Hardware
Table 18. Rest of South & Central America: South & Central America Automotive Telematics Market Revenue and Forecasts to 2030 (US$ Mn) – Connectivity
Table 19. Rest of South & Central America: South & Central America Automotive Telematics Market Revenue and Forecasts to 2030 (US$ Mn) – Vehicle Type
Table 20. Rest of South & Central America: South & Central America Automotive Telematics Market Revenue and Forecasts to 2030 (US$ Mn) – Application
Table 21. Heat Map Analysis by Key Players
Table 22. List of Abbreviation
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LIST OF FIGURES
Figure 1. South & Central America Automotive Telematics Market Segmentation, By Country
Figure 2. Ecosystem: South & Central America Automotive Telematics Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. South & Central America Automotive Telematics Market Revenue (US$ Million), 2022 – 2030
Figure 5. South & Central America Automotive Telematics Market Share (%) – Offering, 2022 and 2030
Figure 6. Hardware Market Revenue and Forecasts to 2030 (US$ Million)
Figure 7. Software and Services Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. South & Central America Automotive Telematics Market Share (%) – Connectivity, 2022 and 2030
Figure 9. Integrated Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Tethered Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Embedded Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. South & Central America Automotive Telematics Market Share (%) – Vehicle Type, 2022 and 2030
Figure 13. Passenger Cars Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. Commercial Vehicles Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. South & Central America Automotive Telematics Market Share (%) – Application, 2022 and 2030
Figure 16. Infotainment Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. Remote Diagnosis Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18. Navigation (GPS) Market Revenue and Forecasts to 2030 (US$ Million)
Figure 19. Safety and Security Market Revenue and Forecasts to 2030 (US$ Million)
Figure 20. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 21. South & Central America Automotive Telematics Market Breakdown by Key Country – Revenue (2022) (US$ Million)
Figure 22. South & Central America Automotive Telematics Market Breakdown by Key Country, 2022 and 2030 (%)
Figure 23. Brazil: South & Central America Automotive Telematics Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 24. Argentina: South & Central America Automotive Telematics Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 25. Rest of South & Central America: South & Central America Automotive Telematics Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 26. Company Positioning & Concentration
The List of Companies – South & Central America Automotive Telematics Market
1. Denso Corp
2. Harman International Industries Inc
3. Luxoft Switzerland AG
4. Omnitracs LLC
5. TomTom NV
6. Trimble Inc
7. Valeo SE
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