Connected Mobility Revolution: The Dynamic Landscape of Automotive Telematics in Germany
More than 1,200 people in Germany were killed in road accidents in the first half of 2020, says the Federal Statistical Office (Destatis). Due to the rising number of road fatalities, the awareness about driving safety is rising in the country.
As a result, the German automotive telematics market would grow from $1,408.2 million to $7,748.0 million from 2019 to 2030, at a healthy 16.5% CAGR between 2020 and 2030.
?Since most of the accidents are caused by basic human errors, such as unsafe distance between vehicles, speeding, and not paying attention on the road, the demand for telematics solutions, which can aid drivers, is increasing. One of the government initiatives that are driving the German automotive telematics market is the EU’s eCall system, which automatically alerts emergency services in case of a major accident.
The COVID-19 pandemic has restrained the growth of the German automotive telematics market, majorly by leading to a drop in vehicle sales. In 2020, 3.1 million passenger cars are expected to be bought by Germans, compared to 3.6 million that were bought in 2019. Similarly, compared to 0.41 million in 2019, 0.36 million commercial vehicles are predicted to be sold in the country in 2020. However, on account of the government mandate to integrate the eCall system in vehicles, the market would revive after the COVID-19 situation ends.
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Germany Automotive Telematics Market Segmentation Analysis
In the past, the embedded category held the largest share in the German automotive telematics market, on the basis of product type. The integration of embedded solutions is driven by the mandates of the EU to have these in vehicles. Additionally, the rising demand for cloud-based services and reducing the cost of service plans have driven the adoption of embedded telematics solutions in automobiles in the country.
This study covers
????????????? Major factors driving the market and their impact during the short, medium, and long terms
????????????? Market restraints and their impact during the short, medium, and long terms
????????????? Recent trends and evolving opportunities for the market participants
????????????? Historical and the present size of the market segments and understand their comparative future potential
????????????? Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
????????????? Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
????????????? Major players operating in the market and their service offerings
The fleet/asset management category is predicted to continue dominating the German automotive telematics market during the next decade, based on service, majorly owing to the high demand for these services in commercial vehicles.
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In the coming years, the German automotive telematics market will witness the higher value CAGR, of 17.1%, in the original equipment manufacturer (OEM) bifurcation, under the channel segment. Due to the increasing demand for connected vehicles and government rules to ensure the incorporation of safety features, automakers are increasingly providing these in their vehicles.
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The passenger car category contributed the highest revenue to the German automotive telematics market historically, under segmentation by vehicle type. Passenger cars account for the highest sales among all types of automobiles in the country. This, coupled with the increasing customer preference for connectivity features and a safer driving experience, has driven the integration of telematics solutions in passenger cars.
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Companies Engaging in Partnerships to Expand Their Influence on Market
In an effort to more strongly influence the German automotive telematics market, the players are entering into partnerships, which are aimed at:
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·???????? Launching digital travel assistants for their customers
·???????? Utilizing their partners’ communication technology for deploying telematics solutions
·???????? Offering audio solutions in their partners’ vehicles
·???????? Developing fully integrated electronic logging devices (ELDs) for trucks
·???????? Commercializing new autonomous vehicle safety standards
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The biggest names in the German automotive telematics market are Valeo SA, Robert Bosch GmbH, MiX Telematics Ltd., Continental AG, AREALCONTROL GmbH, Verizon Communication Inc., MAC & NIL srl, FleetGO Group Ltd., Emixis SA, frameLOGIC PL, Mireo dd, CVS Mobile Inc., Transpoco, Axtech AB, and Loqus Holdings plc.?
The research offers market size of the Germany automotive telematics market for the period 2014–2030.
Market Segmentation by Product Type
Market Segmentation by Service
Market Segmentation by Channel
Market Segmentation by Vehicle Type
Market Segmentation by Verticals
Market Segmentation by Offerings
Table of Contents
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Product Type
1.3.2 Market Segmentation by Service
1.3.3 Market Segmentation by Channel
1.3.4 Market Segmentation by Vehicle Type
1.3.5 Market Segmentation by Verticals
1.3.6 Market Segmentation by Offerings
1.3.7 Analysis Period
1.3.8 Market Data Reporting Unit
1.3.8.1 Volume
1.3.8.2 Value
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.1.1 Paid
2.1.2 Unpaid
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By industry participant
2.2.1.2 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Currency Conversion Rates
2.6 Assumptions for the Study
2.7 Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
4.1 Increasing Adoption of Connected Cars
4.2 Increasing Adoption of Electric Vehicles
4.3 Growth Recovery of Passenger Cars and Commercial Vehicles Sales
Chapter 5. Introduction
5.1 Voice of Industry Experts/KOLs
5.2 Definition of Market Segments
5.2.1 By Product Type
5.2.1.1 Embedded
5.2.1.2 Tethered
5.2.1.3 Integrated
5.2.2 By Service
5.2.2.1 Safety and security
5.2.2.2 Infotainment and navigation
5.2.2.3 Remote diagnostics
5.2.2.4 Fleet/asset management
5.2.2.5 Insurance telematics
5.2.2.6 V2X
5.2.2.7 Others
5.2.3 By Channel
5.2.3.1 OEMs
5.2.3.2 Aftermarket
5.2.4 By Vehicle Type
5.2.4.1 Two-wheeler
5.2.4.2 Passenger car
5.2.4.3 Commercial vehicle
5.2.4.4 Construction machines
5.2.5 By Verticals
5.2.5.1 Transportation and logistics
5.2.5.2 Government and utilities
5.2.5.3 Travel and tourism
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5.2.5.4 Construction
5.2.5.5 Education
5.2.5.6 Healthcare
5.2.5.7 Media and entertainment
5.2.5.8 Others
5.2.6 By Offerings
5.2.6.1 Hardware
5.2.6.2 Software
5.2.6.3 Services
5.3 Value Chain Analysis
5.4 Market Dynamics
5.4.1 Trends
5.4.1.1 Increasing number of partnership and collaborations
5.4.1.2 Increasing adoption of telematics solutions in off-highway vehicles
5.4.2 Drivers
5.4.2.1 Increasing preference towards a safer driving alternative
5.4.2.2 Government support through policy formulation
5.4.2.3 Impact analysis of drivers on market forecast
5.4.3 Restraints
5.4.3.1 Cyberattack and data breach threats
5.4.3.2 Increased vehicle price
5.4.3.3 Impact analysis of restraints on market forecast
5.4.4 Opportunities
5.4.4.1 Deployment of autonomous vehicles
5.4.4.2 Shift toward 5G technology from 4G LTE
5.5 Porter’s Five Forces Analysis
5.5.1 Bargaining Power of Buyers
5.5.2 Bargaining Power of Suppliers
5.5.3 Intensity of Rivalry
5.5.4 Threat of New Entrants
5.5.5 Threat of Substitutes
Chapter 6. Impact of COVID-19 on the Market
Chapter 7. Regulatory Landscape
7.1 Germany
Chapter 8. Germany Market Size and Forecast
8.1 By Product Type
8.2 By Service
8.3 By Channel
8.4 By Vehicle Type
8.5 By Vertical
8.6 By Offerings
Chapter 9. Competitive Landscape
9.1 List of Players Offerings Telematics Solution
9.1.1 Small Players
9.1.2 Mid-Sized Players
9.1.3 Major players
9.2 Competitive Benchmarking of Key Players
9.3 Product Benchmarking of Key Players
9.4 Recent Strategic Developments
9.4.1 Product Launches
9.4.2 Partnerships
9.4.3 Mergers and Acquisitions
9.4.4 Other Developments
Chapter 10. Company Profile of Major Players
10.1 Robert Bosch GmbH
10.1.1 Business Overview
10.1.2 Product and Service Offerings
10.1.3 Key Financial Summary
10.2 Valeo SA
10.2.1 Business Overview
10.2.2 Product and Service Offerings
10.2.3 Key Financial Summary
10.3 Continental AG
10.3.1 Business Overview
10.3.2 Product and Service Offerings
10.3.3 Key Financial Summary
10.4 MiX Telematics Ltd.
10.4.1 Business Overview
10.4.2 Product and Service Offerings
10.4.3 Key Financial Summary
10.5 Verizon Communications Inc.
10.5.1 Business Overview
10.5.2 Product and Service Offerings
10.5.3 Key Financial Summary
Chapter 11. Company Profile of Small and Medium-Size Players
11.1 AREALCONTROL GmbH
11.1.1 Business Overview
11.1.2 Product and Service Offerings
11.2 FleetGO Group Ltd.
11.2.1 Business Overview
11.2.2 Product and Service Offerings
11.3 MAC & NIL srl
11.3.1 Business Overview
11.3.2 Product and Service Offerings
11.4 frameLOGIC PL
11.4.1 Business Overview
11.4.2 Product and Service Offerings
11.5 Emixis SA
11.5.1 Business Overview
11.5.2 Product and Service Offerings
11.6 CVS Mobile Inc.
11.6.1 Business Overview
11.6.2 Product and Service Offerings
11.7 Mireo d.d.
11.7.1 Business Overview
11.7.2 Product and Service Offerings
11.8 Axtech AB (redKnows)
11.8.1 Business Overview
11.8.2 Product and Service Offerings
11.9 Transpoco
11.9.1 Business Overview
11.9.2 Product and Service Offerings
11.10 Loqus Holdings p.l.c.
11.10.1 Business Overview
11.10.2 Product and Service Offerings
11.10.3 Key Financial Summary
Chapter 12. Appendix
12.1 Abbreviations
12.2 Sources and References
12.3 Related Reports