The shipment of telematics hardware for the aftermarket and OEM is expected to reach 116 million units in 2023.
Berg Insight has announced a new research report on the global automotive telematics hardware market. According to Berg Insight, 47.3 million aftermarket telematics hardware devices are expected to be sold worldwide in 2023, with a total market value of approximately 2.2 billion euros. The Asia-Pacific region is the largest market, with an estimated shipment of about 17.1 million units in 2023. Shipments of aftermarket telematics hardware in Europe and North America were 11.6 million units and 11.2 million units, respectively. Berg Insight predicts that global shipments of aftermarket telematics devices will grow at a compound annual growth rate (CAGR) of 8.0% over the next five years, reaching 69.3 million units by 2028. Revenue from aftermarket telematics devices is expected to grow from 2.2 billion euros in 2023 to 3.1 billion euros in 2028, with a CAGR of 6.8%. [Contents] - Passenger and commercial vehicle market - Market forecasts - Market trends - Company profiles and strategies
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Publisher: Berg Insights Publication Month: December 2024 Report Language: English *For more details, please visit our website or refer to the sample materials.
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