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)

BMIRE00030217 | Pages: 92 | Automotive and Transportation | Jun 2024 | Type: Regional | Status: Published

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; it is estimated to register a CAGR of 15.4% from 2022 to 2030.

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)

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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.

Table of Content

 

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 Insight Partners

 

 

 

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

 

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

1. Denso Corp

2. Harman International Industries Inc

3. Luxoft Switzerland AG

4. Omnitracs LLC

5. TomTom NV

6. Trimble Inc

7. Valeo SE

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America automotive telematics market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • 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.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • 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.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
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