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Global Motor Racing Telematics Market Size study & Forecast, by Type (Motor Racing Telematics (MRT), Remote Location System) By Application (IoT Platform, M2M) and Regional Analysis, 2023-2030

March 2024 | 200 pages | ID: G11CB879E60BEN
Bizwit Research & Consulting LLP

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Global Motor Racing Telematics Market is valued approximately at USD xx billion in 2022 and is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2023-2030. Motor Racing Telematics devices installed in the racing vehicle collect a wide range of data in real-time. This data includes information about the vehicle's speed, engine performance, tire pressure, fuel consumption, temperature, and other relevant parameters. The Motor Racing Telematics market is expanding because of factors such as increasing number of connected cars and rising demand for embedded auto telematics. Motor Racing Telematics is crucial for making tactical decisions during the race. Teams can adjust strategies, pit stops, and other factors based on real-time data to gain a competitive advantage. As a result, the demand of Motor Racing Telematics has progressively increased in the international market during the forecast period 2023-2030.

Connected cars often integrate with emerging technologies such as artificial intelligence (AI) and machine learning. These technologies can enhance the capabilities of Motor Racing Telematics by providing predictive analytics and more advanced performance optimization algorithms. According to the Statista, the global connected automobile market accounts USD 65 billion in 2021, and anticipated to reach around USD 121 billion by the year 2025. Another important factor driving the Motor Racing Telematics market is increasing demand for embedded auto telematics. Embedded auto telematics systems are designed to provide accurate and precise data about various vehicle parameters. This high level of data accuracy is crucial in motor racing, where even minor details can make a significant difference. Racing teams can leverage this precise data for real-time monitoring, performance analysis, and strategic decision-making during races. In addition, as per Statista, in 2020, there were around 130 million integrated automobile OEM telematics units in operation around the world and is projected to reach up to 375 million by the year 2026. Moreover, rising trend of green and hybrid vehicles and increased disposable income is anticipated to create a lucrative growth opportunity for the market over the forecast period. However, high cost of motor racing telematics equipment and data security issues in telematics systems is going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Motor Racing Telematics Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the rising disposable income and growing investments in motorsports in the region. Higher investments in motorsports stimulate technological innovation and competition among racing teams and manufacturers. Racing teams strive to gain a competitive edge through advanced technologies, including Motor Racing Telematics, to improve vehicle performance and strategic decision-making. The region’s dominant performance is anticipated to propel the overall demand of Motor Racing Telematics. Furthermore, Asia Pacific region is expected to grow with the fastest CAGR during the forecast period, owing to factors such as rising demand for hybrid vehicles in the region. Teams can adjust their approach based on real-time information about energy levels, predicting when to switch between the combustion engine and electric power, optimizing the use of available energy reserves, and planning strategic pit stops.

Major market player included in this report are:

Bynx Inc

AT&T Inc

Connexis, LLC

Agero, Inc

Continental AG

Ericsson AB

Airbiquity Inc

Fleetmatics Group PLC

Visteon Corporation

Verizon Telematics Inc

Recent Developments in the Market:
  • In September 2023, Airbiquity, collaborates with Tessolve, a leading hardware platform company for silicon and system productization in a variety of markets, including automotive, motorcycles, scooters, industrial IoT, semiconductor, avionics, and defence. The two firms have pre-connected Airbiquity's OTAmatic software management platform and LOGmatic data recording platform with Tessolve's TERA family of devices, providing industry-leading complex application gateways that can be quickly integrated into cars. Either firm’s solutions accessible in tandem significantly decreases the complexity, cost, and time required for original equipment manufacturers (OEMs) to analyse, create, and deploy advanced connected vehicles that feature full-vehicle OTA software updates and flexible data logging. Airbiquity's OTAmatic software management platform securely orchestrates and automates software update campaigns while addressing the automotive industry's specific and severe criteria. Airbiquity's LOGmatic data logging platform is an easy-to-integrate and adaptable product that enables safe, customisable, dynamic data logging and transfer with ECU protection and minimal resource utilisation.
Global Motor Racing Telematics Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered - Type, Application, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type

Motor Racing Telematics (MRT)

Remote Location System

By Application

IoT Platform

M2M

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Motor Racing Telematics Market, by region, 2020-2030 (USD Billion)
  1.2.2. Motor Racing Telematics Market, by Type, 2020-2030 (USD Billion)
  1.2.3. Motor Racing Telematics Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL MOTOR RACING TELEMATICS MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL MOTOR RACING TELEMATICS MARKET DYNAMICS

3.1. Motor Racing Telematics Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Increasing number of connected cars
    3.1.1.2. Rising demand for embedded auto telematics
  3.1.2. Market Challenges
    3.1.2.1. High cost of motor racing telematics equipment
    3.1.2.2. Data security issues in telematics systems
  3.1.3. Market Opportunities
    3.1.3.1. Rising trend of green and hybrid vehicles
    3.1.3.2. Increased disposable income

CHAPTER 4. GLOBAL MOTOR RACING TELEMATICS MARKET: INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economic
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL MOTOR RACING TELEMATICS MARKET, BY TYPE

5.1. Market Snapshot
5.2. Global Motor Racing Telematics Market by Type, Performance - Potential Analysis
5.3. Global Motor Racing Telematics Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Motor Racing Telematics Market, Sub Segment Analysis
  5.4.1. Motor Racing Telematics (MRT)
  5.4.2. Remote Location System

CHAPTER 6. GLOBAL MOTOR RACING TELEMATICS MARKET, BY APPLICATION

6.1. Market Snapshot
6.2. Global Motor Racing Telematics Market by Application, Performance - Potential Analysis
6.3. Global Motor Racing Telematics Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Motor Racing Telematics Market, Sub Segment Analysis
  6.4.1. IoT Platform
  6.4.2. M2M

CHAPTER 7. GLOBAL MOTOR RACING TELEMATICS MARKET, REGIONAL ANALYSIS

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Motor Racing Telematics Market, Regional Market Snapshot
7.4. North America Motor Racing Telematics Market
  7.4.1. U.S. Motor Racing Telematics Market
    7.4.1.1. Type breakdown estimates & forecasts, 2020-2030
    7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
  7.4.2. Canada Motor Racing Telematics Market
7.5. Europe Motor Racing Telematics Market Snapshot
  7.5.1. U.K. Motor Racing Telematics Market
  7.5.2. Germany Motor Racing Telematics Market
  7.5.3. France Motor Racing Telematics Market
  7.5.4. Spain Motor Racing Telematics Market
  7.5.5. Italy Motor Racing Telematics Market
  7.5.6. Rest of Europe Motor Racing Telematics Market
7.6. Asia-Pacific Motor Racing Telematics Market Snapshot
  7.6.1. China Motor Racing Telematics Market
  7.6.2. India Motor Racing Telematics Market
  7.6.3. Japan Motor Racing Telematics Market
  7.6.4. Australia Motor Racing Telematics Market
  7.6.5. South Korea Motor Racing Telematics Market
  7.6.6. Rest of Asia Pacific Motor Racing Telematics Market
7.7. Latin America Motor Racing Telematics Market Snapshot
  7.7.1. Brazil Motor Racing Telematics Market
  7.7.2. Mexico Motor Racing Telematics Market
7.8. Middle East & Africa Motor Racing Telematics Market
  7.8.1. Saudi Arabia Motor Racing Telematics Market
  7.8.2. South Africa Motor Racing Telematics Market
  7.8.3. Rest of Middle East & Africa Motor Racing Telematics Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Key Company SWOT Analysis
  8.1.1. Company
  8.1.2. Company
  8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
  8.3.1. Bynx Inc
    8.3.1.1. Key Information
    8.3.1.2. Overview
    8.3.1.3. Financial (Subject to Data Availability)
    8.3.1.4. Product Summary
    8.3.1.5. Recent Developments
  8.3.2. AT&T Inc
  8.3.3. Connexis, LLC
  8.3.4. Agero, Inc
  8.3.5. Continental AG
  8.3.6. Ericsson AB
  8.3.7. Airbiquity Inc
  8.3.8. Fleetmatics Group PLC
  8.3.9. Visteon Corporation
  8.3.10. Verizon Telematics Inc

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Motor Racing Telematics Market, report scope
TABLE 2. Global Motor Racing Telematics Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Motor Racing Telematics Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4. Global Motor Racing Telematics Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 5. Global Motor Racing Telematics Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Motor Racing Telematics Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Motor Racing Telematics Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Motor Racing Telematics Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Motor Racing Telematics Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Motor Racing Telematics Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Motor Racing Telematics Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Motor Racing Telematics Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Motor Racing Telematics Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Motor Racing Telematics Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Motor Racing Telematics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Motor Racing Telematics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Motor Racing Telematics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Motor Racing Telematics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Motor Racing Telematics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Motor Racing Telematics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Motor Racing Telematics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Motor Racing Telematics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Motor Racing Telematics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Motor Racing Telematics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Motor Racing Telematics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Motor Racing Telematics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Motor Racing Telematics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Motor Racing Telematics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Motor Racing Telematics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Motor Racing Telematics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Motor Racing Telematics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Motor Racing Telematics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Motor Racing Telematics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Motor Racing Telematics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Motor Racing Telematics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Motor Racing Telematics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Motor Racing Telematics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Motor Racing Telematics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Motor Racing Telematics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Motor Racing Telematics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Motor Racing Telematics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Motor Racing Telematics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Motor Racing Telematics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Motor Racing Telematics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Motor Racing Telematics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Motor Racing Telematics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Motor Racing Telematics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Motor Racing Telematics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Motor Racing Telematics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Motor Racing Telematics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Motor Racing Telematics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Motor Racing Telematics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Motor Racing Telematics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Motor Racing Telematics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Motor Racing Telematics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Motor Racing Telematics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Motor Racing Telematics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Motor Racing Telematics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Motor Racing Telematics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Motor Racing Telematics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Motor Racing Telematics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Motor Racing Telematics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Motor Racing Telematics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Motor Racing Telematics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Motor Racing Telematics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Motor Racing Telematics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Motor Racing Telematics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Motor Racing Telematics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Motor Racing Telematics Market
TABLE 70. List of primary sources, used in the study of global Motor Racing Telematics Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Motor Racing Telematics Market, research methodology
FIG 2. Global Motor Racing Telematics Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Motor Racing Telematics Market, key trends 2022
FIG 5. Global Motor Racing Telematics Market, growth prospects 2023-2030
FIG 6. Global Motor Racing Telematics Market, porters 5 force model
FIG 7. Global Motor Racing Telematics Market, pest analysis
FIG 8. Global Motor Racing Telematics Market, value chain analysis
FIG 9. Global Motor Racing Telematics Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Motor Racing Telematics Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Motor Racing Telematics Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Motor Racing Telematics Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Motor Racing Telematics Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Motor Racing Telematics Market, regional snapshot 2020 & 2030
FIG 15. North America Motor Racing Telematics Market 2020 & 2030 (USD Billion)
FIG 16. Europe Motor Racing Telematics Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Motor Racing Telematics Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Motor Racing Telematics Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Motor Racing Telematics Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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