New Delhi: Pushed by the rising penetration of related vehicles and the patron desire for digital options, world telematics management unit (TCU) shipments grew 13 per cent (on-year) final yr, in response to a brand new report.A TCU refers back to the embedded system on board of a automobile that wirelessly connects the automobile to Cloud.
Presently, greater than 90 per cent of related vehicles are utilizing 4G TCUs. Nonetheless, 4G is reaching maturity, in response to Counterpoint Analysis
“The trade has to shift to 5G for cloud computing. 5G will present greater than 30 instances sooner information speeds and guarantees to scale back latency by 10 instances,” mentioned analysis analyst Mohit Sharma.
World TCU shipments are anticipated to develop at a CAGR of 15 per cent throughout 2020-2025.
“When it comes to worth, the TCU market will develop greater than twofold to achieve $7 billion by 2025,” mentioned affiliate director Brady Wang.
Beneficial authorities insurance policies all over the world additionally helped this market to develop.
The worldwide ASP (common promoting value) of TCUs elevated barely in 2021 as a result of rising price of 4G chipsets.
“We count on the provision state of affairs to stay constrained via a lot of 2022,” in response to Counterpoint Analysis’s ‘World Telematics Management Unit Tracker’.
LG’s TCU shipments grew 19 per cent (on-year) in 2021.
Its shut relationships with GM and Volkswagen within the Chinese language and US markets are serving to LG preserve its management place.
LG is main throughout all main areas besides Europe.
“LG leads the worldwide TCU market, adopted by Continental and Harman. These high three gamers account for almost three-quarters of the market,” mentioned senior analysis analyst Soumen Mandal.
