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Automotive Telematics Control Unit (TCU) Market Trends

  • Report ID: GMI8400
  • Published Date: Mar 2024
  • Report Format: PDF

Automotive Telematics Control Unit Market Trends

An emerging market shift in automotive telematics control units involves a focus on safety and traffic updates. This trend entails real-time dissemination of critical information, including accident alerts, road closures, and traffic congestion, enhancing overall road safety and improving navigation efficiency for drivers. For instance, in August 2023, Hyundai Mobis, in collaboration with Autotalks, launched V2X technology modules that enable vehicles to use on-board communication tools to provide drivers with information. These modules enable vehicles to communicate vital information, such as traffic updates, road conditions, and hazards in real-time, facilitating safer driving experiences and addressing the growing demand for advanced safety features.

The automotive telematics control unit market is witnessing a notable trend towards the expansion of the IoT ecosystem within the automotive industry. This involves the integration of TCUs with a broader range of IoT devices and platforms, facilitating enhanced connectivity and data exchange between vehicles, infrastructure, and other IoT-enabled systems. This expansion fosters innovations in areas such as predictive maintenance, personalized services, and autonomous driving, driving the evolution of automotive IoT solutions.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of automotive telematics control unit (TCU) reached USD 11.3 billion in 2023 and is set to witness 13% CAGR between 2024 and 2032, led by the escalating demand for interconnected vehicle services, propelled by advancements in communication technologies and regulatory requirements.

The passenger vehicles segment held around 54% market share in 2023, driven by growing consumer demand for connected car services.

North America market with a share of over 35% in 2023, as the demand for connected car services increases across the region, with features such as real-time navigation, remote diagnostics, and enhanced safety & security functionalities among consumers and businesses.

CalAmp Corporation, Continental AG, Geotab Inc., Ituran Location and Control Ltd., MiX Telematics, Robert Bosch, Sierra Wireless, Telit Communications PLC, TomTom Telematics, and Trimble Inc.

Automotive Telematics Control Unit Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 250
  • Countries covered: 22
  • Pages: 220
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