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Last Updated: Jun 16, 2025 | Study Period: 2025-2031
In order to more broadly describe the integrated use of communications and information technology to transmit, store, and receive information from telecommunications devices to remote objects over a network, the term "telematics," which combines the words "telecommunications" and "informatics," was coined.
Telematics uses GPS and on-board diagnostics (OBD) to track the movements of vehicles, machinery, and other assets and display that data on a digital map. Live map updates through GPS are provided by all EV telematics systems, even the most basic ones.
Fleet managers may monitor their entire fleet by using the location of all EVs (and other assets like trailers) on a digital map. Range anxiety can be reduced by advance route planning, especially in the first few years after electrification.
The benefits of real-time traffic monitoring also include the ability to prevent congestion and traffic jams.
The South Korea EV Telematics Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
The largest privately-owned automotive firm in China, Geely Holding Group, and Renault Group have joined together to develop fuel-efficient hybrid electric vehicles and internal combustion engine models for the South Korean market as well as export sales.
The new cars will be made in South Korea's Busan at the Renault-Samsung plant.
By working together, the two automakers will advance their efforts to create low-emission vehicles and increase their market share in Asia's HEV markets.
The collaboration is also a part of Renault's strategy to improve the RSM brand and product line by utilising cutting-edge engineering, technology, and services, as well as strong local partners.
Sl no | Topic |
1 | Market Segmentation |
2 | Scope of the report |
3 | Abbreviations |
4 | Research Methodology |
5 | Executive Summary |
6 | Introduction |
7 | Insights from Industry stakeholders |
8 | Cost breakdown of Product by sub-components and average profit margin |
9 | Disruptive innovation in the Industry |
10 | Technology trends in the Industry |
11 | Consumer trends in the industry |
12 | Recent Production Milestones |
13 | Component Manufacturing in US, EU and China |
14 | COVID-19 impact on overall market |
15 | COVID-19 impact on Production of components |
16 | COVID-19 impact on Point of sale |
17 | Market Segmentation, Dynamics and Forecast by Geography, 2025-2031 |
18 | Market Segmentation, Dynamics and Forecast by Product Type, 2025-2031 |
19 | Market Segmentation, Dynamics and Forecast by Application, 2025-2031 |
20 | Market Segmentation, Dynamics and Forecast by End use, 2025-2031 |
21 | Product installation rate by OEM, 2024 |
22 | Incline/Decline in Average B-2-B selling price in past 5 years |
23 | Competition from substitute products |
24 | Gross margin and average profitability of suppliers |
25 | New product development in past 12 months |
26 | M&A in past 12 months |
27 | Growth strategy of leading players |
28 | Market share of vendors, 2024 |
29 | Company Profiles |
30 | Unmet needs and opportunity for new suppliers |
31 | Conclusion |
32 | Appendix |