The Asia Pacific automotive telematics market is anticipated to witness growth over the forecast period. The rate of telematics usage has increased globally with an increase in the number of vehicles being incorporated with these systems. The automotive telematics market includes in-car infotainment, navigation, remote diagnostics, and security features. Advanced telematics systems are predominant in Japan and Korea.
The automotive industry witnessed a radical transformation over the last two decades as a result of digitization through computer-based control systems. Advanced technologies such as in-vehicle digital systems and sensor-based intelligent vehicle functions are expected to drive the APAC automotive telematics market. Increased penetration of 3G communication technologies and the introduction of 4G LTE networks is expected to encourage automotive telematics equipment. Vehicle manufacturers and their associated suppliers have focused on developing standardized platforms and integrating solutions for telematics and infotainment systems with Government support. In Asia, infotainment and navigation & its associated services drive a majority of the automotive telematics market. Increased demand for safety and security in Japan resulted in the introduction of HELPNET services, which was proceeded by adoption by several other countries.
Most countries in Asia Pacific lack adequate infrastructure for supporting features such as real-time traffic for navigation systems, both in terms of telecommunication infrastructure and traffic data collection. Unavailability of traffic data is one of the biggest hindrances to automotive telematics system adoption. Traffic data collection and aggregation require significant government initiatives. For instance, Korea’s Telematics Information Center (TELIC) and Japan’s Vehicle and Information Communication System (VICS) provide crucial data that aids traffic monitoring systems. Communication speed in Japan has rapidly increased over the last decade, thereby allowing intuitive delivering of features in navigation systems through streaming of traffic updates and voice communication. Most of the countries in Asia Pacific have lagged behind as far as communication speeds are concerned, thereby affecting the delivery mechanism.
Along with hardware, software, and communications network, automotive telematics requires the setup and maintenance of service centers for ensuring consistent customer support, which requires significant initial investments. Delayed returns on high initial investment are expected to deter automotive telematics adoption across keyAsia Pacific countries. Lack of consumer awareness is expected to challenge market growth over the forecast period as the Asia Pacific automotive telematics market evolves from infancy. Key industry participants include Airbiquity Inc, Agero Inc., Connexis LLC, Verizon Telematics, WirelessCar AB, and NTT Docomo.
GET A FREE SAMPLE
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
NEED A CUSTOM REPORT?
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.
Contact us now to get our best pricing.
ESOMAR certified & member
Leading SME award by D&B
We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure. For more details, please read our privacy policy.
"The quality of research they have done for us has been excellent."
The automotive & transportation industry is amongst the most exposed verticals to the ongoing COVID-19 outbreak and is currently amidst unprecedented uncertainty. COVID-19 is expected to have a significant impact on the supply chain and product demand in the automotive sector. The industry's concern has moved on from being centered on supply chain disruption from China to the overall slump in demand for automotive products. The demand for commercial vehicles is expected to plummet with the shutdown of all non-essential services. Furthermore, changes in consumer buying behavior owing to uncertainty surrounding the pandemic may have serious implications on the near future growth of the industry. Meanwhile, liquidity shortfall and cash crunch have already impacted the sales of fleet operators, which is further expected to widen over the next few months. We are continuously monitoring the COVID-19 pandemic, and assessing its impact on the growth of the automotive & transportation industry. The report will account for Covid19 as a key market contributor.
We value your investment and offer free customization with every report to fulfil your exact research needs.