Telematics Control Unit Market (By Type: 2G/2.5G, 3G, 4G; By Application: Safety and Security, Information and Navigation, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027

Q: Which region held the maximum share of the telematics control unit market?

North America held maximum share in 2019. Read More

Category : Semiconductor and Electronics | Published at : April-2020 | Delivery Format : PDF | Status: Published | Pages : 190

Acumen research and consulting estimates that global telematics control unit market is expected to reach the market value of around US$ 6,600 Mn by 2027 and is anticipated to grow at a CAGR of around 11% in terms of revenue during the estimated period 2020 – 2027.

Telematics Control Unit (TCU) is a system that is embedded on board which is used to control communication, tracking and diagnostics to the vehicle. This TCU is used in vehicle for electronic tolling, ecall crash notification and many other applications. The Transistorized Ignition (TI) product range enables customers to build TCU designs that allow higher bandwidth, greater flexibility and smaller sizes of solutions.

The benefits of TCU include:

Increasing vehicle connectivity by adding external modems and servers to improve vehicle communication to a cloud, network or other vehicles
Reliable, secure and faster transmission of data allow connection to other automotive systems
Optimization of antenna power for better current detection, monitoring and reduced noise

Market Insights

The major driving factor of the telematics control unit is the growing awareness among the consumers and need of improved security, safety, better automation, and also increasing demand for personal vehicles. Developing countries are focusing towards maintain and create new regulations regarding vehicle and passenger safety which is likely to have a positive impact on the market. Cloud and cloud-based services are gradually integrated to passengers and manufacturers by updating OTA (over-air) and automated maintenance. Increasing adoption of cloud-based services with Telematics Control Unit is projected to flourish the growth of the market. In addition, advanced technologies and challenges have arisen from technical advances in the communications field. The use of 5G technologies by TCU is expected to boost the demand during forecast period. However, the factor that may hamper the growth of the market is slow rate of penetration by developing countries.

Report coverage

The market research study on “Telematics Control Unit Market (By Type: 2G/2.5G, 3G, 4G; By Application: Safety and Security, Information and Navigation, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers detailed insights on the global telematic control unit market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report provides insights on global telematic control unit market are type, application, and major geographic regions. The telematic control unit market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.

North America held the large share of the telematics control unit market and followed by Asia Pacific, Europe, Latin America and Middle East & Africa. In 2019, the U.S. is dominating the telematics control unit and Canada is anticipated to grow at a considerable growth rate during forecast period from 2020-2027 this is due to increasing demand in the region. Asia Pacific is expected to grow the market during forecast period especially in China. Furthermore, China is followed by Japan and South Korea. The factors driving the Asia Pacific market are growing fleet management, upcoming government rules and regulation for telematics and also rising awareness among the consumer and manufacturer regarding the safety and security that leads towards the growth of India, China and Southeast Asia telematics control unit market. The rise of the telematics control unit market of Asia Pacific is expected to fuel an upward trend in communication software. Moreover, the telematics diagnosis is expected to fuel the Asia Pacific market during the forecast period. Developing countries, such as Brazil, Russia and other is the new power for development of the economic growth during forecast period. As the developing economy grows rapidly, the above country such as Brazil, Russia, and other will rapidly become an significant market for the telematics control unit (TCU), besides promoting economic development in Latin America and Africa.

Key Players

Major players included in this report Harman International, G Electronics Inc., Continental AG, Bosch Software Innovations GmbH, Fujitsu Ten Corporation, Flaircomm Microelectronics, Inc., Huawei Technologies Co. Ltd, Texas Instruments Incorporated, Ficosa International SA, Infineon Technologies, and others.

The global telematics control unit market is segmented as below:

Market Segmentation

Telematics Control Unit Market By Type