Global Electric Vehicle Telematics Market 2024-2030

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    ELECTRIC VEHICLE TELEMATICS MARKET

     

    KEY FINDINGS

    • The demand for EVs is growing rapidly worldwide, due to factors such as rising government support, increasing consumer awareness of the environmental benefits of EVs, and declining battery costs. This is driving the demand for EV telematics solutions, as EV manufacturers and fleet operators seek to improve the efficiency and sustainability of their EV operations.
    • EV telematics technologies are becoming increasingly sophisticated and capable. EV telematics solutions can now provide real-time data on EV battery performance, charging status, and vehicle location. This data can be used to improve EV range management, optimize charging schedules, and reduce downtime.
    • New business models are emerging in the EV telematics market. For example, some EV telematics providers are offering subscription-based services that give EV owners and fleet operators access to real-time data and insights. This is making EV telematics more affordable and accessible to a wider range of customers.
    • EV telematics solutions collect a large amount of data about EV performance and usage. This data is valuable to EV manufacturers and fleet operators, but it is also sensitive and needs to be protected. EV telematics providers are investing in data security and privacy measures to ensure that customer data is safe and secure.
    • The aftermarket for EV telematics solutions is growing rapidly. This is due to the increasing number of EVs on the road and the growing demand for EV telematics solutions from EV owners who want to improve the efficiency and sustainability of their vehicles.
    • There is a lack of standardization in the EV telematics market. This can make it difficult for EV manufacturers and fleet operators to integrate EV telematics solutions into their existing systems and processes.
    • EV telematics systems can be complex to implement and maintain. This can be a challenge for EV manufacturers and fleet operators, particularly those who do not have the necessary expertise in-house.
    • EV telematics solutions collect a large amount of sensitive data about EV performance and usage. This data needs to be protected from unauthorized access and use. EV telematics providers need to invest in robust data security and privacy measures to ensure that customer data is safe and secure.
    • Some EV owners and fleet operators may not be aware of the benefits of EV telematics solutions. This lack of awareness can hinder the adoption of EV telematics solutions.
    • The lack of public EV charging infrastructure is a major challenge for EV owners. This can make it difficult for EV owners to find a place to charge their vehicles, especially when they are traveling. This can lead to range anxiety, which can deter people from buying an EV.
    • Some grids may not have the capacity to support the widespread adoption of EVs. This is because EVs require a lot of electricity to charge. Governments and utilities need to invest in upgrading the grid to support the growing number of EVs on the road.

     

    ELECTRIC VEHICLE TELEMATICS MARKET OVERVIEW

    The global demand for electric vehicles is experiencing rapid expansion, driven by a confluence of factors. These include increasing government support, heightened consumer awareness regarding the environmental benefits of EVs, and a decline in battery costs. Consequently, there is a growing need for EV telematics solutions as both EV manufacturers and fleet operators strive to enhance the efficiency and sustainability of their EV-related activities.

     

    EV telematics technologies are witnessing remarkable advancements, enhancing their sophistication and capabilities. For instance, modern EV telematics solutions offer real-time insights into EV battery performance, charging status, and precise vehicle location. This wealth of data contributes to the optimization of EV range management, the streamlining of charging schedules, and a reduction in operational downtime.

     

    By providing real-time data on EV battery performance, telematics solutions empower optimized EV range management. This includes identifying the most efficient travel routes for EVs.

     

    Telematics solutions are instrumental in fine-tuning EV charging schedules. They can pinpoint the most cost-effective and convenient times for EV charging.

     

    Telematics solutions play a pivotal role in minimizing EV downtime. They can detect and diagnose EV issues early, enabling swift and efficient repairs.

     

    INTRODUCTION TO ELECTRIC VEHICLE TELEMATICS MARKET 

    The most efficient diesel engines emit dangerous substances such as nitrogen oxides (NOx) and particulate matter (PM10). These pollutants are of particular concern in dense urban areas with high numbers of pedestrians and cyclists, which are typical of the conditions in which buses operate.

     

    Hybrid electric, fuel cell electric and full battery electric buses are currently being used in a number of public transport networks around the world. Different types of electric bus technology vary in terms of whether electrical energy is generated or stored onboard.

     

    Vehicle telematics is an interdisciplinary field that combines telecommunications, informatics, computer science, electrical engineering, and vehicular technologies to create a vehicle telematics system that functions to collect and derive insight from vehicle telematics data and ultimately improve the efficiency and safety of the overall driver experience.

     

    infographic: Electric Vehicle Telematics Market, Electric Vehicle Telematics Market Size, Electric Vehicle Telematics Market Trends, Electric Vehicle Telematics Market Forecast, Electric Vehicle Telematics Market Risks, Electric Vehicle Telematics Market Report, Electric Vehicle Telematics Market Share

     

    It combines GPS systems, onboard vehicle diagnostics, wireless telematics devices, and black box technologies to record and transmit vehicle data, such as speed, location, maintenance requirements and servicing, and cross-reference this data with the vehicle’s internal behaviour. This information can be used in real-time analysis to improve overall driver safety and reduce costs and improve performance for commercial vehicles.

     

    A shift to an electric bus fleet necessitates an understanding of the technology. The design of an electric bus and the necessary infrastructure depend on the application scenarios. The battery size depends on the drive cycle, terrain features and other operating conditions. This Battery management is done through efficient telematics integrated within the EVs at all times.

     

    ELECTRIC VEHICLE TELEMATICS MARKET SIZE AND FORECAST 

    The global electric vehicle (EV) telematics market size was valued at USD xx billion in 2024 and is projected to reach USD xx billion by 2030, exhibiting a CAGR of xx% during the forecast period.

     

    NEW PRODUCT LAUNCH

    Harman International has launched a new EV telematics platform that provides real-time data on EV battery performance, charging status, and vehicle location. This platform can be used to improve EV range management, optimize charging schedules, and reduce downtime.

     

    NXP Semiconductors has launched a new EV telematics chipset that is designed to meet the needs of next-generation EV telematics solutions. This chipset is more powerful and energy-efficient than previous generations, and it supports a wider range of telematics features.

     

    Bosch Group has launched a new EV telematics platform that provides real-time data on EV battery performance, charging status, and vehicle location. This platform can be used to improve EV range management, optimize charging schedules, and reduce downtime.

     

    Geotab, a global leader in telematics, has launched a new product specifically designed for electric vehicle fleets. The new product, called Geotab EV+, provides fleet managers with comprehensive insights into their EV fleet operations, including battery performance, charging status, and range

     

    Trimble has launched a new EV telematics solution for fleet managers. The new solution, called Trimble FleetWorks EV, provides fleet managers with real-time data on their EV fleet operations, including battery performance, charging status, and range. The solution also includes a number of features designed to help fleet managers optimize their EV operations, such as charging schedule optimization and driver coaching.

     

    Verizon Connect has launched a new EV telematics solution for businesses. The new solution, called Verizon Connect EV Insights, provides businesses with insights into their EV fleet operations, including battery performance, charging status, and range. The solution also includes a number of features designed to help businesses reduce their costs and improve their efficiency, such as fuel savings tracking and route optimization.

     

    TRENDS IN ELECTRIC VEHICLE TELEMATICS MARKET

    EV telematics solutions are being integrated with other technologies, such as artificial intelligence (AI) and machine learning (ML), to develop new and innovative services. For example, AI-powered EV telematics solutions can predict battery degradation and maintenance needs, and ML-powered EV telematics solutions can optimize charging schedules and reduce downtime.

     

    Governments around the world are implementing regulations to promote the adoption of EVs. For example, some governments have mandated that EV charging stations be installed in public places. This is driving the demand for EV telematics solutions, as EV charging station operators need to track and manage their charging stations.

     

    Continental AG and NXP Semiconductors have announced a collaboration to develop new EV telematics solutions that will help EV manufacturers to improve the performance and reliability of their EVs. The collaboration will focus on developing new telematics solutions for battery management, fleet management, and driver safety.

     

    Bosch Group has acquired Evatronix, a leading provider of EV telematics solutions. This acquisition will allow Bosch to expand its EV telematics portfolio and offer a wider range of solutions to EV manufacturers and fleet operators.

     

    Qualcomm Technologies has announced a new EV telematics software platform that provides a comprehensive set of tools and features for developing and deploying EV telematics solutions. This platform is designed to help EV manufacturers and fleet operators to quickly and easily develop and deploy EV telematics solutions that meet their specific needs.

     

    Consumers are becoming increasingly aware of the benefits of EV telematics solutions, such as the ability to track vehicle location, monitor battery performance, and optimize charging schedules. This is driving the demand for EV telematics solutions from EV owners.

     

    EV telematics providers are shifting to subscription-based models to make their solutions more affordable and accessible to a wider range of customers. This is particularly beneficial for consumers, as it allows them to access EV telematics services without having to invest in expensive hardware or software.

     

    Fleet operators are increasingly adopting EV telematics solutions to improve the efficiency and sustainability of their operations. EV telematics solutions can help fleet operators to track EV location, monitor battery performance, and optimize charging schedules. This can lead to significant cost savings and environmental benefits.

     

    New use cases for EV telematics are emerging all the time. For example, EV telematics solutions can now be used to facilitate V2G (vehicle-to-grid) communication and V2X (vehicle-to-everything) communication. V2G communication allows EVs to communicate with the grid and sell excess electricity back to the grid. V2X communication allows EVs to communicate with other vehicles and infrastructure to improve safety and efficiency.

     

    EV telematics providers are increasingly exploring ways to monetize the data that they collect. This could involve selling data to third-party companies or developing new services and applications based on the data.

     

    ELECTRIC VEHICLE TELEMATICS MARKET DYNAMICS

    Many public transport authorities have a great interest in introducing zero-emission electric buses. However, the transformation process from diesel to electric bus systems opens up a vast design space which seems prohibitive for a systematic decision-making process.

     

    Not all telematics devices are EV Friendly.  You need to be certain that your fleet management system fully supports the data generated by electric vehicles.  EVs have unique metrics that need to be leveraged to ensure you can maximize their performance and range for the desired return on investment.

     

    There are no mandatory standards, so telematics providers must develop their systems specific to makes and models of EVs.  Be sure to take the time to confirm that the EVs you have now, and any models you are considering will be fully supported. 

     

    EV Telematics systems, which enable communication between a vehicle and an established network, aim to solve these issues with more effective route management, energy and charge reporting, GPS vehicle tracking, and battery health monitoring, along with all the other aspects of the equation.

     

    infographic: Electric Vehicle Telematics Market, Electric Vehicle Telematics Market Size, Electric Vehicle Telematics Market Trends, Electric Vehicle Telematics Market Forecast, Electric Vehicle Telematics Market Risks, Electric Vehicle Telematics Market Report, Electric Vehicle Telematics Market Share

     

    By 2030, the European Union will ban the sale of cars that run on fossil fuels. To reduce CO2 emission, the EU will reduce taxes, introduce subsidies, and adopt incentive programs to stimulate the EV market. Similar programs have been launched in the USA, China, Japan, and other countries. Foreign authorities have a strong intention to stop using traditional cars we have all grown accustomed to.

     

    This will help aim into a better integrated approach to EV Telematics and development within the countries of importance. Most likely, general approaches to electric vehicle tracking will remain the same as fossil fuel cars. However, developers of satellite monitoring platforms should upgrade their products to be compatible with new characteristics typical of electric vehicles. 

     

    Geotab, a global leader in IoT and connected transportation, and Enterprise Fleet Management, a leading fleet management provider with more than 649,000 vehicles across North America, announced the results of one of Geotab’s largest fleet Electric Vehicle Suitability Assessments, demonstrating their commitment to sustainability and vehicle electrification.

     

    Enterprise Fleet Management and Geotab analysed vehicle data from portions of Enterprise’s fleet vehicles to identify the current electrification opportunity and better understand how the shift to EVs will affect fleets.

     

    With the transition to electric vehicles (EVs) underway across North America and fleets facing the challenges of meeting new sustainability standards, Enterprise Fleet Management and Geotab analysed vehicle data from portions of Enterprise’s fleet vehicles to identify the current electrification opportunity and better understand how the shift to EVs will affect fleets.

     

    The large study included over 91,000 of Enterprise Fleet Management’s leased vehicles and used Geotab’s Electric Vehicle Suitability Assessment (EVSA).

     

     The study not only aids Enterprise Fleet Management in better understanding how the transition to electric vehicles will affect its business today and in the future, but it also allows the leading fleet provider to better consult with its customers by providing tangible, data-driven insights for their respective business clients.

     

     

    RECENT MARKET TECHNOLOGICAL TRENDS IN ELECTRIC VEHICLE TELEMATICS MARKET

    There has been recent technological advancement made within the operational capability of electric vehicles in order to increase its viability and operational efficiency through varied multidisciplinary integration of IC Engine and Electric Motor based EV Technology in order to form a hybrid operational component. The focus has been on implementing better telematics into the vehicles at all times.

     

    The Autonomous Cars is the latest advancement towards the integration of the EV Telematics. Autonomous vehicles, like human drivers, depend on sensors to perceive their environment. Sensors like cameras, Lidar, Radar, Sonar, GPS, IMUs can be used to make proficient autonomous cars. They collect data and pass it on to the sensor fusion, typically via MIPI (mobile industry processor interface). 

     

    Sensor fusion, after compiling data from multiple sensors, allows room for the vehicle to make a decision. Say the camera as well as a radar detect a nearby object—like a passing pedestrian that is six meters away. Sensor fusion does a couple of things here: it makes sure that this observed pedestrian is exactly six meters away by eliminating “noise” from accurate data.

     

    infographic: Electric Vehicle Telematics Market, Electric Vehicle Telematics Market Size, Electric Vehicle Telematics Market Trends, Electric Vehicle Telematics Market Forecast, Electric Vehicle Telematics Market Risks, Electric Vehicle Telematics Market Report, Electric Vehicle Telematics Market Share

     

    The NVIDIA DRIVE platform is an open, end-to-end solution for Level 2+ automated driving to Level 5 fully autonomous driving. With AEye’s intelligent, adaptive LiDAR supported on the NVIDIA DRIVE platform, autonomous vehicle developers will have access to next-generation tools to increase the saliency and quality of data collected as they build and deploy state-of-the-art ADAS and AV applications.

     

    Specifically, AEye’s SDK and Visualizer will allow developers to configure the sensor and viewpoint-clouds on the platform.

     

    EV telematics runs algorithms like Dijkstra to find out the optimal place for charging the vehicle while accounting for the current battery charge status and the distance a vehicle can travel. The Telematics system automatically sends the charging spot request to the nearest station to check if they can fulfil the requirement on top of the previously scheduled charging spots.

     

    RECENT PARTNERSHIPS IN ELECTRIC VEHICLE TELEMATICS MARKET

    Stellantis N.V. and Toyota Motor Europe N.V. have announced an agreement for a new large-size commercial van, which will include a battery electric version. 

     

    The new vehicle is the agreement’s third body type, completing a full LCV line-up that includes tiny, mid-, and now large-size LCVs.

     

    TME will get the new large-size commercial van from Stellantis, which will be sold in Europe under the Toyota brand. Stellantis’ factories in Gliwice, Poland, and Atessa, Italy, will produce the new vehicle. TME’s new large-size commercial van is the company’s first foray into this market area.

     

    The relationship between Stellantis and TME began with the Toyota mid-size LCV, which was manufactured at Stellantis’ Hordain facility in France, and was followed by a competitive and appealing addition to the compact-size LCV market, which was manufactured at Stellantis’ Vigo plant in Spain.

     

     The large-size LCV expands the partnership, allowing Toyota to complete a full LCV line-up in Europe while benefiting from research and production cost optimization for both firms.

     

    ELECTRIC VEHICLE TELEMATICS MARKET COMPETITIVE LANDSCAPE

    Electric Vehicle based telematics has seen an increased level of integration in recent days considering their importance towards safety and health of EVs at all times. This has brought upon the much-required approach of technology propagation and better advancements to be made into the EV manufacturing systems and operational system of EVs.

     

    Harman has recently integrated the Telematics Control unit for EVs. It offers a Telematics Control Unit at three levels: 4G, 5G-ready and 5G to meet every manufacturer’s needs. HARMAN allows users to upgrade from 4G to 5G connected experiences at a time of their choosing and enables real-world Vehicle-to-Everything (V2X) communication, laying the groundwork for automated driving.

     

    The accounted product of CloudBox has been a recent integration being planned for EV Application wherein it supports multi-band cellular connectivity from 2G and 3G to 4G. Geotab developed unique capabilities to access critical EV data, ensuring that EVs will have strong data support today, and in the future as there is possibility for growth within the EV fleet. 

     

    It is integrated with A complete charging history of your EVs/PHEVs shows you when and where the vehicles are charging, the length of time the vehicles were charging at a specific location, and how much of a charge they received.

     

    ELECTRIC VEHICLE TELEMATICS MARKET MARKET SEGMENTATION

    Electric Vehicle Telematics Market By Component

    • Hardware
    • Software
    • Services

     

    Electric Vehicle Telematics Market By Application

    • Battery management
    • Fleet management
    • Driver safety
    • Infotainment
    • Navigation
    • Diagnostics

     

    Electric Vehicle Telematics Market By End-user

    • OEMs (original equipment manufacturers)
    • Fleet operators
    • Consumers

     

    Electric Vehicle Telematics Market By Region

    • North America
    • Europe
    • China
    • Asia Ex China
    • ROW

     

    ELECTRIC VEHICLE TELEMATICS MARKET COMPANY PROFILES

    • Continental AG
    • Bosch Group
    • Harman International
    • NXP Semiconductors
    • Qualcomm Technologies
    • Trimble 
    • Verizon Connect 
    • Geotab 
    • Teletrac Navman
    • Wirefleet 
    • Aeris Communications
    • Airbiquit

     

    THIS ELECTRIC VEHICLE TELEMATICS MARKET REPORT WILL ANSWER THE FOLLOWING QUESTIONS

    1. What are the key factors driving the growth of the market?
    2. What are the key challenges facing the market?
    3. What are the major trends in the market?
    4. What are the major players in the market?
    5. What are the government policies and regulations supporting the market?
    6. What are the investment opportunities in the market?
    7. What is the future outlook for the market?
    8. What are the different performance characteristics of different types of Electric Vehicle Telematics Market?
    9. How is the shift to subscription-based models impacting the global EV telematics market?
    10. How is the Electric Vehicle Telematics Market expected to evolve in the coming years?
    11. What is the market size of Electric Vehicle Telematics Market, and how the market is expected to grow from 2024 to 2030?
    12. How is the increasing focus on data security and privacy impacting the global EV telematics market?
    13. What are the factors that are influencing the price of Electric Vehicle Telematics?
    Sl  no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Research Methodology
    4 Executive Summary
    5 Average B2b Price, By Region
    6 Potential Opportunities For Client
    7 Introduction
    8 Technology trends in the Industry
    9 Data transmission and security considerations for different communication methods.
    10 Data processing techniques, such as data filtering, aggregation, and real-time analysis.
    11 Integration of telematics with smartphone apps for remote control and data access.
    12 Ethical data handling and privacy-by-design principles in telematics systems.
    13 The impact of telematics on range management, battery monitoring, and charging optimization.
    14 New product development in past 12 months
    15 Market Size, Dynamics and Forecast by Geography, 2024-2030
    16 Market Size, Dynamics and Forecast by Component Type, 2024-2030
    17 Market Size, Dynamics and Forecast by Application Type, 2024-2030
    18 Market Size, Dynamics and Forecast by End-user Type, 2024-2030
    19 Competitive Landscape
    20 Gross margin and average profitability of suppliers
    21 M&A in past 12 months
    22 Growth strategy of leading players
    23 Market share of vendors, 2023
    24 Company Profiles
    25 Unmet needs and opportunity for new suppliers
    26 Conclusion
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