What is Telematic Control Unit Market?
Telematics control system comprise of hardware as well as software. It controls wireless tracking, diagnostics, and communication. These systems are used in e Call crash notifications, electronic tolling, vehicle tracking and applications. It helps to create TCU designs and provides benefits such as higher bandwidth, increased integration and smaller solution size. The other benefits of Telematics control unit includes increased amount of connectivity to the car, antenna power optimisation and faster as well as reliable data transmission.
The market study is being classified and major geographies with country level break-up.
Bosch (Germany), Harman (United States), Marelli (Italy), Visteon (United States), LG (South Korea), Continental (Germany), Denso (Japan), Novero (Germany), Ficosa (Spain) and Infineon Technologies AG (Germany) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Peiker (Germany) and Huawei (China).
Research Analyst at AMA predicts that Europe Players will contribute to the maximum growth of Global Telematic Control Unit market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Telematic Control Unit market by Type, Application and Region.
On the basis of geography, the market of Telematic Control Unit has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Broad application of vehicle telematics is fueling the market growth. The applications such as real time movement and determination of behavior of vehicle. Also, it helps in live updates of vehicles. Moreover, the increasing shipment and connected cars the demand of telematics control units is growing.
Market Trend
- Technological Advancements in Semiconductor and Embedded Systems Industry
Opportunities
- Increased Awareness of Safety and Stringent Regulations are boosting the Market
- Growing Demand of Comfort and Convenience
Challenges
- Security Concerns for Telematics Control Unit Devices may hamper the Market Growth
- Lack of Infrastructure in Emerging Economies
Market Leaders and some development strategies
On September 2019, Siemens has planned to acquire process system enterprise which is a supplier of software and services for advanced process modelling. and On January 2018, Bosch has announced to acquire 5 percent ownership stake at HERE technologies.
On 9th January 2020, Samsung has joined BMW to show new approach to create mobility experience with commercialised 5G TCU. BMW has also announced the car i.e. BMW iNEXT to be equipped with 5G technology.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations