In 2023, three out of four cars sold will be equipped with telematics systems.
Berg Insight has announced a new research report on the global automotive OEM telematics market. In this report, Berg Insight defines automotive telematics systems as automated systems designed for passenger cars that incorporate some form of cellular communication. According to Berg Insight's forecasts, the total shipments of embedded OEM telematics systems reached 59.3 million units worldwide in 2023. It is expected to grow at an average annual growth rate of 6.9%, reaching 82.9 million units by 2028. During the same period, the penetration rate of embedded telematics units is projected to rise from approximately 75% in 2023 to 94% by 2028. The number of telematics subscribers utilizing embedded systems is expected to increase from 239.7 million in 2023 to 473.8 million by 2028, with an average annual growth rate of 14.6%. [Contents] ■ Global passenger car market ■ Car telematics solutions ■ Car telematics solutions ■ OEM telematics offerings ■ Connected car ecosystem players ■ Market forecasts and trends
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Publisher: Berg Insights Publication Month: September 2024 Report Language: English *For more details, please visit our website or refer to the sample materials.
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