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Global Telematics Control Unit Forecast: 2019-2030F
Overview:
- The increase in the number of connected cars drives the demand for TCU. The global TCU market is expected to cross 111 million units during 2022-2030 with a CAGR of 14.5%.
- 4G cars will witness a decline post 2026 and 5G cars will maintain dominance. The increased demand for 5G will help in lowering the average selling price (ASP) of 5G TCU.
- LG currently leads the global TCU market and is also expected to lead in the future followed by Continental and Harman. Huawei will overtake other players to gain the fourth position by 2030.
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Category
Summary
Published
Jan 20, 2023
Author
Soumen Mandal
Soumen is a Senior Research Analyst who is tracking IoT, Automotive and Telecommunication ecosystem at Counterpoint Technology Market Research. He is interested in IoT applications, connections, components, electric vehicles, connected cars, autonomous vehicles, semiconductors, shared mobility, services and emerging technologies. He started his career as an Energy Analyst with Manikaran Power Ltd. He has experience in working with DISCOMs and SLDCs in Indian power and energy industry. He is currently based in Gurgaon. He holds an Electrical Engineering degree and MBA in Marketing & Finance.
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