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

Rise in use of cloud-based technology for automotive telematics solution and growth of the transport & logistics sector have boosted the growth of the Southeast Asia automotive OEM telematics market. The market across Thailand held the largest share in 2016, accounting for nearly half of the market. The Covid-19 pandemic resulted in the global economic slowdown and reduction in manufacturing and sales of automotive OEM telematics in the Southeast Asia. Prominent Players: AT&T Inc., Continental AG, Harman International, LG Electronics Inc., Robert Bosch GmbH, Texas Instruments Incorporated, UD Trucks Corp., Valeo, Verizon Communications Inc., and Webfleet Solutions B.V.

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.

Download Report (240 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/10968

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.

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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.

Request for Customization of this report at https://www.alliedmarketresearch.com/request-for-customization/10968

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.

Interested to Procure The Data? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/10968

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.

Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business at https://www.alliedmarketresearch.com/connect-to-analyst/10968


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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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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