COMPANY PROFILE -TomTom N.V.
Business Sector :Location Technology Services, Information Technology
Operating Geography :Netherlands, Europe, Global
About TomTom N.V. :
TomTom N.V. is a Dutch multinational company that develops and produces consumer electronics and location-based services. Maps, connected services, and (navigation) software are the three main product categories offered by TomTom. It is an Amsterdam-based company founded in 1991, put its first generation of satellite navigation devices on the market in 2004. As of 2021, the company employ over 4,500 people globally and operate in 34 nations across Europe, Asia-Pacific, and the Americas. It operates from a total of 30 offices worldwide. Three prizes were given to TomTom in 2019. One from the API World Awards and two from the Developer Portal Awards. In February 2022, TomTom (TOM2) and Webfleet Solutions, a Bridgestone company and one of the top providers of telematics solutions globally, announced that they will jointly introduce the WEBFLEET Work App and TomTom GO Fleet App to the market.
The USP of TomTom lies in it being the leading provider of geolocation technology globally. TomTom’s mission statement reads, “We solve the world's mobility challenges.” With vision, “TomTom technologies are helping to solve the challenges of climate change and road-related accidents by changing the way people move. That's what motivates us to create and refine products that are designed to accelerate the adoption of automated, connected and electric driving.”
TomTom N.V. Revenue :
€ 506.926 million - FY ending 31st December 2021 (y-o-y growth 4.1%)
€ 528.185 million - FY ending 31st December 2020
Competitive Analysis of TomTom N.V.
The SWOT analysis for Tom Tom N.V. is presented below in a matrix followed by the detailed analysis report:
Strengths | Weaknesses |
1. Many new partnerships in the automotive segment and product launch.
2. Wide range of data coverage across all continents.
3. Strong R&D team and high spending on R&D.
4. Technological innovations have led to a strong patents and designs repository for the company
| 1. High operating expenses of the company affects the profit.
2. Increasing employee turnover ratio can affect the operations of the company.
3. Flat or negative growth in many of the individual business segments of the company.
|
Opportunities | Threats |
1. Cater technologies to the growing EV market.
2. Develop advanced technologies for the growing ADAS vehicle market.
3. Increase operations to cater to the fleet management services company.
| 1. A declining PND market can affect the consumer segment business of the company.
2. Global semiconductor shortage can affect the production of automobiles and affect demand for product of the company.
3. Rise in covid-19 cases in the future can affect the demand for the products of the company.
|
TomTom N.V. SWOT and PESTLE Analysis PDF Report is a custom report and will be delivered to your email inbox within 2 business days from purchase.
Detailed SWOT Analysis of TomTom N.V.
Strength
1. Many new partnerships in the automotive segment and product launch: TomTom is targeting new business segments like the EV market, fleet management services and ADAS. The company has already started taking steps towards increasing its presence across these segments. In the recent months it has renewed several existing contracts and also entered into new partnerships with many companies. The company has extended its contract with precisely, a data software company. Several new automobiles have been launched that carry the technologies of TomTom. For instance, the new Ford Focus utilizes the real-time predictive information of the company. The company has entered into a partnership with Volkswagen to deliver EV-centric navigation services. The company has also launched TomTom indigo a digital cockpit service for automobiles. MIH consortium has initiated a partnership with the company for the development of next generation smart EVs and connected vehicles. Also, the company’s technology has been integrated in Nissan Ariya which is the latest EV flagship of the brand.
The remaining section under "Strength" is available only in the 'Complete Report' on purchase.
Weakness
This section is available only in the 'Complete Report' on purchase.
Opportunity
This section is available only in the 'Complete Report' on purchase.
Threat
This section is available only in the 'Complete Report' on purchase.
The PESTLE analysis for Tom Tom N.V. is presented below in a table followed by the detailed analysis report:
Political | Economical |
1. The exit of the UK from the EU under ‘Brexit’ will affect trade with the Netherlands more than any other EU nation.
2. The Ukraine-Russia war has impacted the global supply chain.
3. EU nation sanctions on Russia have impacted global businesses and transactions.
| 1. Rise in commodity prices can affect automobile production and demand. |
Social | Technological |
1. Consumers are preferring smartphones over personal navigation devices. | 1. The future of the automobile industry is going to be connected cars.
2. Automobile makers are adapting more and more digital transformations in their vehicles.
3. Growing number of mobile applications and businesses are including locational technology in their services for advertising. |
Legal | Environmental |
1. Europe is creating a new regulatory landscape for connected vehicles.
2. Intellectual property infringement has been a major issue for technology companies.
3. Data privacy regulations are changing fast and will affect global businesses.
| 1. Large businesses are adopting sustainable practices to reduce the emission of greenhouse gasses.
2. EVs are being seen as a solution to tackle climate change.
|
TomTom N.V. SWOT and PESTLE Analysis PDF Report is a custom report and will be delivered to your email inbox within 2 business days from purchase.
Detailed Pestle Analysis of TomTom N.V.
Political
This section is available only in the 'Complete Report' on purchase.
Economic
This section is available only in the 'Complete Report' on purchase.
Social
This section is available only in the 'Complete Report' on purchase.
Technological
1. The future of the automobile industry is going to be connected cars: With the rise in the digital transformation across industries, this trend has also affected the automobile industry. The demand for connected cars is increasing and this industry is predicted to soar to around $215 billion by 2027. Connected cars have benefits over the traditional cars in terms of increased user safety, user experience, less harmful for the environment etc. Connected car market is set to grow which will be fueled by the introduction of 5G network services. The demand for connected cars will rise among the consumers. Connected cars will also create extra revenue sources for the automobile companies with features such as remote diagnostics, predictive maintenance and service scheduling.
The rise in the market for connected cars will impact the services of TomTom positively. There will be a growing demand for location technology and digital cockpits in the connected cars. So, the locational technology and digital cockpit industry is likely to see a growth in demand for services. TomTom has already joined in partnerships with big companies like Volkswagen, MIH consortium etc. to develop connected cars.
The remaining section under "Technological" is available only in the 'Complete Report' on purchase.
Legal
This section is available only in the 'Complete Report' on purchase.
Environmental
This section is available only in the 'Complete Report' on purchase.
Major Competitors :
- Here
- Waze
- Wikiroutes
- All traffic solutions
- Teralytics
- Garmin Ltd
Major Brands :
- Tom Tom Work Gmbh (subsidiary)
- iLocal Holding Bv (subsidiary)
- GeoSmart
- Autonomous Gmbh
TomTom N.V. SWOT and PESTLE Analysis PDF Report is a custom report and will be delivered to your email inbox within 2 business days from purchase.
TABLE OF CONTENTS
DELIVERY AND FORMAT
WHY CHOOSE US?
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TomTom N.V. Covid-19 Impact Analysis |
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TomTom N.V. Segmentation, Targeting and Positioning (STP) Analysis |
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Check Out Analysis of Other Relevant Companies
References used in TomTom N.V. SWOT & PESTLE Analysis Report
1. Annual Report - https://corporate.tomtom.com/static-files/8fd1d5d2-0ecb-47b6-97b7-9c8017df91c2
2. Why the PND Market Faces a 50% Decline, and What Needs to Change - https://www.abiresearch.com/press/why-the-pnd-market-faces-a-50-decline-and-what-nee/
3. How does Brexit affect businesses in the Netherlands? - https://business.gov.nl/running-your-business/international-business/brexit/brexit/
4. How the War in Ukraine Is Further Disrupting Global Supply Chains - https://hbr.org/2022/03/how-the-war-in-ukraine-is-further-disrupting-global-supply-chains
The detailed complete set of references are available on request in the 'Complete report' on purchase.
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TomTom N.V. SWOT and PESTLE analysis has been conducted by Sushil Kumar Panda and reviewed by senior analysts from Barakaat Consulting.
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