IoT News | Embedded car OEM telematics subscribers reached 133 million in 2020

IoT News | Embedded car OEM telematics subscribers reached 133 million in 2020

Embedded car OEM telematics subscribers reached 133 million in 2020

IoT News | Embedded car OEM telematics subscribers reached 133 million in 2020

According to a new research report from the IoT analyst firm Berg Insight, the number of telematics service subscribers using embedded systems will grow at a compound annual growth rate (CAGR) of 19.0 percent from 132.8 million subscribers at the end of 2020 to 376.8 million subscribers at the end of 2026.

Moreover, Berg Insight forecasts that shipments of embedded car OEM telematics systems worldwide will grow from 41.1 million units in 2020 to reach 76.9 million units in 2026, which represents an attach rate of 90.8 percent.

New passenger car and light truck registrations declined 14.5 percent to 66.8 million worldwide in 2020. The Covid-19 crisis has had a significant impact on new car sales in 2020 which dropped…

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