News, 3 March 2025
Straits Research has released a market report on Telematics Control Unit. According to the research, in 2024, the global telematics control unit market was valued at USD 15.04 billion. It is projected to grow to USD 16.90 billion in 2025 and reach USD 42.83 billion by 2033, with a compound annual growth rate (CAGR) of 12.33% during the forecast period from 2025 to 2033.
According to the report, the worldwide market is expanding due to the rising demand for fleet management systems and connected vehicles. The market for TCUs will see significant growth as consumers increasingly gravitate towards telematics-supported services, poised to transform automobile connectivity and operational efficiency. The use of telematics in vehicles is accelerating as car manufacturers integrate advanced technologies to enhance customer experiences. A key driver of this evolution is the Telematics Control Unit (TCU), an embedded device that employs V2X standards to enable seamless data transfer between vehicles and cloud storage through mobile networks.
For further information about this report visit- https://straitsresearch.com/report/telematics-control-unit-market
