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Telematics control unit (TCU) is an embedded system installed in a vehicle in order to track the speed, location, and performance of the vehicle. The telematics control unit gathers the data and analyses it to track the performance behavior of the rider. Technological development has drastically changed the automotive industry by allowing riders to observe navigation and vehicle driving behavior. Telematics services also have a major part to play in this revolution in the automotive sector. Telematics services provide the basics for the rider to understand under what situations and how fast the vehicle is in motion, and for developing a more detailed score card and data modeling. The basic but crucial functional unit to run telematics services are the TCU. TCU operational services are nurturing innovative and new services that attract new customers.

The competition to build a completely automated car has increased in the past few years. Companies are making considerable investments in car modification for better navigation, vehicle management, safety, entertainment, and other functionalities. With the improvement of emerging trends and technology in Machine to Machine (M2M), Internet of Things (IoT), and Big Data analytics, the telematics control unit market is anticipated to witness significant growth during the forecast period. Advancements in the semiconductor and embedded systems industry is also expected to drive the telematics control unit market. Moreover, increased awareness of safety, and compulsion of rules and regulations in various countries are working in favor of the TCU market. Rise in demand for comfort and convenience in the automotive industry is escalating the market toward growth trajectories.

Transportation and logistics is one of the fastest developing industries that implement navigation systems. Information & navigation deliver effortlessly integrated conveniences into the vehicle, where the rider can use to content and location related information. TCU can also offer a personal area network (PAN) to wireless devices inside the automobile and provide internet connectivity over the telematics data wireless network connection. Automobile maintenance monitoring, geofencing, and fleet tracking services are in high demand and are operated for upgrading the efficiency and productivity of commercial vehicles. The TCU market is currently booming and is expected to continue experiencing considerable growth due to the aforementioned features.

However, security concerns related to the telematics control unit device might be considered as a restraint of the telematics control unit market.

The telematics control units market can be segmented based on type, application, end-user, and geography. In terms of type, the telematics control unit market can be classified into 4G, 3G, 2G, and 2.5G. Based on application, the market can be divided into information & navigation, and safety & security. In terms of end-user, the telematics control unit market can be categorized into commercial vehicles and passenger vehicles. Based on geography, the telematics control unit market can be segmented into North America, Europe, Asia Pacific, and South America and Middle East and Africa. North America is expected to hold the maximum share of the telematics control unit market due to advancements in embedded systems and digital technology. The telematics control unit market in Asia Pacific is likely to grow at a significant rate due to the flourishing manufacturing industry in this region. Europe is also expected to see substantial growth in the telematics control unit market due to increased adoption of electric connected cars and awareness about safety and compelling rules that the riders need to follow.

Key players operating in the global telematics control unit market are Harman International, Continental AG, Marelli Motori S.P.A, Laird (Novero), Flaircomm Microelectronics, Inc., Ficosa International S.A, LG Electronics Inc., Bosch Software Innovations GmbH, Denso Corporation, Fujitsu Ten Corporation, Huawei Technologies Co. Ltd., Texas Instruments Incorporated, Peiker, Novero, and Visteon.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Telematics Control Unit Market