0

Southeast Asia Automotive OEM Telematics Market Expected to Reach $5.56 Billion by 2025-Allied Market Research

 
2022
Southeast Asia Automotive OEM Telematics Market

Report Code : A10603

quote By solution, the fleet/vehicle management segment dominated the Southeast Asia automotive OEM telematics market in 2016, in terms of revenue, and is expected to lead the market over the forecast period. By channel, the OEM segment is anticipated to witness lucrative growth over the forecast timeframe. By vehicle type, the LCV/vans segment dominated the automotive OEM telematics market in 2016 in terms of revenue. In 2016, Thailand was the highest revenue contributor, followed by Indonesia. quote

Mayank Halmare
Lead Analyst, Automotive and Transportation at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a recent report published by Allied Market Research, titled, “Automotive OEM Telematics Market by Solution, Channel, and Vehicle Type: Southeast Asia Opportunity Analysis and Industry Forecast, 2020–2025,” 

The Southeast Asia automotive OEM telematics market was valued at $1.18 billion in 2016, and is projected to reach $5.56 billion by 2025, registering a CAGR of 19.3%.

Thailand dominates the market in terms of revenue, followed by Indonesia, Vietnam, and the Philippines. Thailand dominated the Southeast Asia automotive OEM telematics market share in 2016, and Vietnam is expected to grow at a significant rate during the forecast period due to increasing awareness regarding the benefits of adopting automotive OEM telematics. Automotive OEM telematics is gradually growing in the Philippines and a rising number of companies are offering automotive telematics in Indonesia.  

Telematics technology is one of the largest evolving sectors across the world, wherein technological advancements in mobile communications have made it possible to identify and determine any unfavorable changes in vehicle in real-time. The Southeast Asia automotive OEM telematics market is attaining momentum in the Southeast Asia region and holds great prospects to the merchants and market vendors in the future. Across the Southeast Asia region, particularly in Thailand and Indonesia, the automobile manufacturers are installing more and more telematics to simultaneously check the performance and discover any faults in vehicles, thereby meeting the increased demand from users regarding wireless connectivity.

Currently, the rising demand for automotive telematics is being leveraged by OEMs to manufacture automobiles that incorporate larger telematics features to stand out from its competitors. The biggest advantage delivered by telematics is Cloud connectivity. It allows easy data collection and storage based on various automobile factors such as vehicle performance, its location, and maintenance needs. As a result of getting this useful information on the go, vehicle owners are offered a service that gives them the ability to keep track of a large number of fleet vehicles, get social updates and infotainment on the go, check traffic conditions in real-time, and much more. For instance, Teltonika, a company that offers cloud-based telematics solutions, has a good presence in Vietnam.  

By solution, the Southeast Asia automotive OEM telematics market has been segmented into telematics insurance, fleet/vehicle management, telematics maintenance, location information services, infotainment, in car marketing, smart contracts, and others. The fleet/vehicle management segment accounted for the highest revenue in 2016 as it enables improved tracking, flexibility in route planning, efficient use of capacity, and reduced fuel consumption. Moreover, the smart contracts segment is anticipated to witness significant CAGR over the forecast timeframe. Smart contract automatically credits the due amount to the policyholder’s account. The growth in use of smart contracts for secure and automatic credit of amount in policyholder’s account acts as a driver for growth of the automotive OEM telematics market.

By vehicle type, the Southeast Asia automotive OEM telematics market has been fragmented into HCV, MCV, LCV/vans, bus, taxis or ride hailing, and others. The LCV/vans segment dominated the Southeast Asia automotive OEM telematics market in 2016 as light commercial vehicles fulfill an important role within the logistics & transportation industry. Moreover, numerous light commercial vehicle operators are making use of telematics to drive the efficiency and performance of their fleets. Moreover, the HCV segment is expected to witness lucrative growth during the forecast period. In the heavy vehicle industry, telematics has helped to vastly improve fleet safety, increase efficiency, reduce operating costs, monitor safety habits, optimize vehicle performance, and offer other benefits.

The flourishing transport & logistics sector in Southeast Asian countries and increasing use of cloud-based technology for automotive telematics solution are expected to drive the automotive OEM telematics market growth over the forecast period. However, high costs associated with automotive telematics and the threat of vehicle hacking are anticipated to hamper the growth of the market during the forecast period. Moreover, smart transportation system and rising demand for connected vehicles are expected to offer lucrative opportunities for the market in future.

COVID-19 Impact Analysis 

  • The COVID-19 impact on the Southeast Asia automotive OEM telematics market is unpredictable and is expected to remain in force till the second quarter of 2021. 
  • The COVID-19 outbreak forced governments across the globe to implement strict lockdowns and made social distancing mandatory to contain the spread of the virus. Consequently, several organizations started the work from home program as a safety measure. This led to sudden fall in demand for automobiles across the world.  
  • Moreover, nationwide lockdowns disrupted the supply chains as several automotive telematics component manufacturers had to partially or fully shut down their operations.
  • The adverse impacts of the COVID-19 pandemic resulted in delays in activities and initiatives regarding development of innovative telematics devices and services.

Key Findings Of The Study

  • By solution, the smart contracts segment is expected to register significant growth during the forecast period.
  • By channel, the OEM segment is anticipated to exhibit significant growth in the near future.
  • By vehicle type, the HCV segment is projected to lead the Southeast Asia automotive OEM telematics market, owing to higher CAGR as compared to the MCV segment.
  • By country, Vietnam is anticipated to register the highest CAGR during the forecast period.

Key players operating in the Southeast Asia automotive OEM telematics market include AT&T Inc., Continental AG, Harman International, LG Electronics Inc., Robert Bosch GmbH, Texas Instruments Incorporated, UD Trucks Corp., Valeo, Verizon Communications Inc., and Webfleet Solutions B.V.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Southeast Asia Automotive OEM Telematics Market by Solution (Telematics Insurance, Fleet/Vehicle Management, Telematics Maintenance, Location Information Services, Infotainment, In Car Marketing, Smart Contracts, and Others), Channel (OEM and Direct Sales), and Vehicle Type (HCV, MCV, LCV/Vans, Bus, Taxis or Ride Hailing, and Others): Southeast Asia Opportunity Analysis and Industry Forecast, 2020–2025 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Nov 2024

Plush Toy Market

Download Sample

Buy Full Version
"Southeast Asia Automotive OEM Telematics Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers