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The Wall Street Publication > Blog > Business > Berg Perception ranks the main car telematics {hardware} suppliers
Business

Berg Perception ranks the main car telematics {hardware} suppliers

Editorial Board Published December 13, 2024
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Berg Perception ranks the main car telematics {hardware} suppliers
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Berg Perception, the world’s main IoT market analysis supplier, at present launched new findings concerning the car telematics {hardware} market.

Greater than 47.3 million aftermarket telematics gadgets had been shipped globally throughout 2023, a market valued at roughly € 2.2 billion. The rising urge for food for fleet administration and different car telematics providers is presently driving the market.

Till 2028, annual shipments of aftermarket {hardware} are forecasted to develop at a compound annual progress charge (CAGR) of 8.0 % to succeed in 69.3 million. Berg Perception estimates on the similar time that world shipments of OEM telematics {hardware} for passenger automobiles, gentle vans and industrial automobiles reached near 68.4 million models in 2023 comparable to a market worth of € 8.6 billion.

A mix of economic and regulatory drivers now encourages a broader set of carmakers to broaden the provision of related automobile providers throughout geographies and market segments. There are additionally quite a few OEM telematics choices from industrial car producers. The connect charge of embedded telematics models amongst passenger automobiles, gentle vans and industrial automobiles is forecasted to extend from about 74 % in 2023 to 93 % in 2028.

“Berg Insight ranks Teltonika as the market leader in the aftermarket telematics hardware segment reaching annual telematics hardware sales of € 153.0 million in 2023”, mentioned Martin Cederqvist, Senior Analyst at Berg Perception.

graphic: shipments of oem aftermarket vehicle telematics devices world 2022-2028

Different distributors that maintain vital market shares embrace Xirgo Applied sciences, Jimi IoT, Queclink and CalAmp. These 5 distributors generated collectively roughly € 478 million in annual revenues from the gross sales of aftermarket telematics {hardware} in 2023. Jimi IoT and Queclink are main suppliers from China whereas Xirgo Applied sciences and CalAmp are US-based.

“Other significant aftermarket telematics hardware vendors include ERM Advanced Telematics from Israel, Positioning Universal and Danlaw from North America; Suntech International, Gosuncn RichLink, Neoway Technology, Sinocastel, Coban Electronics, Gosafe, Kingwo and ATrack from Asia-Pacific; Meta System, Ruptela and Munic from Europe and Maxtrack from Brazil”, continued Mr. Cederqvist.

The design and improvement of OEM telematics techniques is complicated as these should combine with car techniques, fulfil strict high quality requirements and guarantee efficiency through the lengthy lifecycle of a car mannequin. One other problem is dealing with and navigating via the more and more complicated geographical panorama. The suppliers of OEM telematics gear are usually established automotive suppliers that develop their options in cooperation with automobile producers.

Mr. Cederqvist, mentioned:

“Technology trends include the rise of new network technologies such as 5G and satellite connectivity as well as the adoption of integrated antenna solutions in telematics control units.”

Shipments of OEM telematics {hardware} for passenger automobiles and light-weight vans amounted to about 59.3 million in 2023, representing virtually 87 % of the entire OEM telematics {hardware} shipments.

The main OEM telematics {hardware} distributors by way of unit shipments are subsequently discovered within the passenger automobile and light-weight truck OEM telematics section. Examples of main automotive suppliers of OEM telematics {hardware} embrace LG Electronics, Continental, Harman, Valeo, Marelli, Denso, Actia, Lear, Bosch, Gosuncn WeLink, Huawei, Neusoft Company, Lianyou Expertise, Hyundai Mobis, Visteon and Aptiv.

TAGGED:BergHardwareInsightleadingrankssupplierstelematicsVehicle
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