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Automotive OEM Telematics in Southeast Asia Market to Reach $5.55 Billion by 2025: Allied …


Portland, OR, May 11, 2021 (GLOBE NEWSWIRE) — As per the report published by Allied Market Research, the Southeast Asia automotive ORM telematic market was pegged at $1.18 billion in 2016, and is projected to reach $5.55 billion by 2025, growing at a CAGR of 19.3% from 2020 to 2025.

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Surge in use of cloud-based technology for automotive telematics solutions and growth of the transport & logistics sector drive the Southeast Asia automotive OEM telematics market. However, high cost associated with automotive telematics and concerns regarding vehicle hacking hinder the market growth. On the contrary, surge in demand for connected vehicles and demand for smart transportation systems are expected to open new opportunities for the market players in the future.

Covid-19 scenario:

  • The Covid-19 outbreak resulted in the global economic slowdown and reduction in manufacturing and sales of automotive OEM telematics in Southeast Asia.
  • Several OEMs closed or reduced their production in some cases and some even permanently closed their business during the pandemic.
  • The rise in efforts regarding the stabilization and boosting the economies by the governments is expected to boost the market growth.

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The Southeast Asia automotive OEM telematics market is segmented on the basis of solution, channel, vehicle type, and country. Based on solution, the fleet/vehicle management segment held the lion’s share in 2016, accounting for more than one-third of the market. However, the smart contracts segment is estimated to register the highest CAGR of 20.9% during the forecast period.

On the basis of channel, the OEM segment dominated the market in 2016, contributing to nearly three-fifths of the total revenue. Moreover, the segment is estimated to register the highest CAGR of 20.1% during the forecast period.

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The Southeast Asia automotive OEM telematics market is analyzed across several countries such as Philippines, Vietnam, Thailand, and Indonesia. The market across Thailand held the largest share in 2016, accounting for nearly half of the market. However, the market across Vietnam is projected to portray the highest CAGR of 20.1% during the forecast period.

The Southeast Asia automotive OEM telematics market report includes an in-depth analysis of the major market players such as Continental AG, AT&T Inc., LG Electronics Inc., Harman International, Texas Instruments Incorporated, Robert Bosch GmbH, Valeo, UD Trucks Corp., Webfleet Solutions B.V., and Verizon Communications Inc.

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Similar Reports We Have on Automotive Industry:

China, India, and Southeast Asia Automotive OEM Telematics Market by Vehicle Type (Passenger Cars, HCV, LCV, MCV, and Two-wheelers) and Application (Solution and Services) – Opportunity Analysis and Industry Forecast, 2017-2030.

Automotive Telematics Market by Channel (OEM and Aftermarket), Vehicle Type (Commercial Vehicle, Passenger Car, and Two-Wheeler), Application (Fleet/Asset Management, Navigation & Location-Based System, Infotainment System, Insurance Telematic, Safety & Security, V2X, and Others), and Connectivity Solution (Embedded, Integrated Smartphones, and Tethered): Global Opportunity Analysis and Industry Forecast, 2019–2030.

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Commercial Telematics Market by Solution Type (OEM and Aftermarket), Application (Solutions and Services), and End User (Transportation and Logistics, Insurance, Healthcare, Media & Entertainment, Vehicle Manufacturers/Dealers, and Government Agencies): Global Opportunity Analysis and Industry Forecast, 2018–2030.

Consumer Telematics Market by Type (OEM, After Market) and Application (Fleet/Asset Management, Navigation and location based, Infotainment, Insurance Telematics, V2v and V2i, Tele-health, Remote Alarm & Monitoring, Services) – Global Opportunity Analysis and Industry Forecast, 2013 – 2030.

Marine Telematics Market by Component [Hardware, Software, and Service (Safety & security, information & navigation, entertainment, and Diagnostics)] and Application (Commercial, Passenger, and Defense): Global Opportunity Analysis and Industry Forecast, 2019–2026.

U.S. Commercial Telematics Market by Type (OEM and Aftermarket), Application (Solutions & Services) and End-User (Transportation & Logistics, Insurance, Healthcare, Media & Entertainment, Vehicle Manufacturers & Dealers and Government Agencies): Regional Opportunity Analysis and Industry Forecast, 2020–2027

Motor Racing Telematics Market by Type (Motor Racing Telematics (MRT), Remote Location System and Remote Location System) and Application (IoT Platform and M2M): Global Opportunity Analysis and Industry Forecast, 2021–2027.

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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