|Analysis of Embedded Telematics in the Automotive Industry, Forecast to 2025|
|Next-generation Vehicles With Long Term Evolution (LTE) Connectivity to Give Rise to Broader Service Structures Such as Over-the-air (OTA) Updates and Predictive Diagnostics|
With global sales of electric vehicles (EVs) forecast to rise to about 30 million units by 2025, connectivity solutions like telematics are expected to grow in application scope. New telematics systems from Hyundai’s Ioniq and Kia’s Niro already provide vehicle charging information, charging station locations, charger availability, and connection compatibility. The new 4G Long-Term Evolution (LTE) is opening up additional opportunities by enabling remote services, over-the-air (OTA) updates, and advanced diagnostics. The number of connected cars with embedded telematics is likely to increase from 23 million in 2018 to 65 million in 2025.