Domestic Players Fuel China TCU Sales Growth in Q1 2024; LG Remains Market Leader

  • TCU sales in China grew 9% YoY in Q1 2024, driven by double-digit growth of key domestic players.
  • China continued to lead global TCU sales with a 32% share, a flat YoY growth in market share.
  • Advanced infotainment and safety features are driving the increasing connectivity demand among users.
  • China remained the 5G TCU leader with an 89% market share globally, driven by the diverse 5G products launched by the country’s TCU players.
  • Neusoft led among the domestic players, but Huawei witnessed the highest growth (45% YoY) among the top five TCU players.

Beijing, Buenos Aires, Hong Kong, London, New Delhi, San Diego, Seoul, Taipei, Tokyo – June 27, 2024

Telematics Control Unit (TCU) or T-box sales* in China grew 9% YoY in Q1 2024, according to Counterpoint’s Global Telematics Control Unit Tracker. This growth was mainly driven by the increasing sales of key local players. Globally, China continued to lead TCU sales with a market share of 32%. Although its TCU sales increased, China’s global market share remained almost flat compared to Q1 2023.

Research Analyst Shaochen Wang said, “Advanced infotainment and safety features are driving the increasing connectivity demand among users. High-level assisted/autonomous driving, C-V2X, smart cockpit (multi-screen interaction and AI-supported voice control), over-the-air updates and other software-defined features are becoming increasingly important for the modern vehicle. All these require stable and fast connectivity, which drives the adoption of TCUs.”

LG maintained its top position in the Chinese market in Q1 2024 with a 17.9% share, followed by Valeo and Neusoft. Local T-box players like Neusoft, Huawei and BYD saw good YoY growth compared to global brands like LG and Valeo. Huawei saw the highest YoY growth of 45% as the company strives to grow its automotive business.

Research Analyst Abhilash Gupta said, “The demand for 5G TCUs, which provide high speed and low latency, is increasing gradually to satisfy new advanced mobility use cases. China remains the leader in 5G T-box with an 89% market share globally, driven by diverse 5G products launched by the country’s TCU players. Currently, 4G dominates the T-box sales with around 90% share.”

Commenting on the market outlook, Senior Analyst Parv Sharma said, “Currently, connected car penetration in China is over 80%, and we expect every car sold by 2028 will have embedded connectivity. 5G penetration is expected to surpass 90% by the end of this decade due to the need for advanced connectivity in modern vehicles.”

Sharma added, “Local TCU players hold nearly 57% of China’s T-box market. International TCU players may face challenges in China due to price competition and OEMs’ efforts to build an in-house ecosystem with the help of local supply chain players. Chinese TCU players are also expanding their international presence alongside the rise of Chinese EV manufacturers in the global market. BYD stands to benefit the most by supplying its own vehicles, while Neusoft will secure a significant share due to its strong partnerships with Geely, Great Wall Motor and FAW.”

*Sales here refer to wholesale figures, i.e. deliveries from factories by respective brands. The analysis covers cars with embedded TCU. Aftermarket TCUs are out of the scope of this study.

The comprehensive and in-depth ‘Global Telematics Control Unit Tracker, Q1 2024’ and ‘Global Telematics Control Unit Forecast, Q1 2024’ are now available for purchase at

Feel free to reach us at for questions regarding our latest research and insights.


Counterpoint Technology Market Research is a global research firm specializing in products in the TMT (technology, media, and telecom) industry. It services major technology and financial firms with a mix of monthly reports, customized projects, and detailed analyses of the mobile and technology markets. Its key analysts are seasoned experts in the high-tech industry.

Follow Counterpoint Research


Related Posts

Counterpoint research is a young and fast growing research firm covering analysis of the tech industry. Coverage areas are connected devices, digital consumer goods, software & applications and other adjacent topics. We provide syndicated research reports as well as tailored. Our seminars and workshops for companies and institutions are popular and available on demand. Consulting and customized work on the above topics is provided for high precision projects.

Term of Use and Privacy Policy

Counterpoint Technology Market Research Limited


In order to access Counterpoint Technology Market Research Limited (Company or We hereafter) Web sites, you may be asked to complete a registration form. You are required to provide contact information which is used to enhance the user experience and determine whether you are a paid subscriber or not.
Personal Information When you register on we ask you for personal information. We use this information to provide you with the best advice and highest-quality service as well as with offers that we think are relevant to you. We may also contact you regarding a Web site problem or other customer service-related issues. We do not sell, share or rent personal information about you collected on Company Web sites.

How to unsubscribe and Termination

You may request to terminate your account or unsubscribe to any email subscriptions or mailing lists at any time. In accessing and using this Website, User agrees to comply with all applicable laws and agrees not to take any action that would compromise the security or viability of this Website. The Company may terminate User’s access to this Website at any time for any reason. The terms hereunder regarding Accuracy of Information and Third Party Rights shall survive termination.

Website Content and Copyright

This Website is the property of Counterpoint and is protected by international copyright law and conventions. We grant users the right to access and use the Website, so long as such use is for internal information purposes, and User does not alter, copy, disseminate, redistribute or republish any content or feature of this Website. User acknowledges that access to and use of this Website is subject to these TERMS OF USE and any expanded access or use must be approved in writing by the Company.
– Passwords are for user’s individual use
– Passwords may not be shared with others
– Users may not store documents in shared folders.
– Users may not redistribute documents to non-users unless otherwise stated in their contract terms.

Changes or Updates to the Website

The Company reserves the right to change, update or discontinue any aspect of this Website at any time without notice. Your continued use of the Website after any such change constitutes your agreement to these TERMS OF USE, as modified.
Accuracy of Information: While the information contained on this Website has been obtained from sources believed to be reliable, We disclaims all warranties as to the accuracy, completeness or adequacy of such information. User assumes sole responsibility for the use it makes of this Website to achieve his/her intended results.

Third Party Links: This Website may contain links to other third party websites, which are provided as additional resources for the convenience of Users. We do not endorse, sponsor or accept any responsibility for these third party websites, User agrees to direct any concerns relating to these third party websites to the relevant website administrator.

Cookies and Tracking

We may monitor how you use our Web sites. It is used solely for purposes of enabling us to provide you with a personalized Web site experience.
This data may also be used in the aggregate, to identify appropriate product offerings and subscription plans.
Cookies may be set in order to identify you and determine your access privileges. Cookies are simply identifiers. You have the ability to delete cookie files from your hard disk drive.