Global Passenger Vehicle Telematics Market 2024-2028

Global Passenger Vehicle Telematics Market 2024-2028

Technavio has been monitoring the passenger vehicle telematics market and is forecast to grow by USD 46.2 bn during 2023-2028, accelerating at a CAGR of 24.94% during the forecast period. Our report on the passenger vehicle telematics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by OEM push for embedded telematics systems in BRIC nations, growing integration of smartphones and tablets in automobiles, and growing popularity of EVs.

Technavio's passenger vehicle telematics market is segmented as below:

By Product

• Smartphone integration
• Tethered
• Embedded

By Type

• Remote message processing system
• Brake system
• Transmission control system

By Geographical Landscape

• APAC
• Europe
• North America
• South America
• Middle East and Africa

This study identifies the adoption of video telematics to precisely track driver behavior as one of the prime reasons driving the passenger vehicle telematics market growth during the next few years. Also, shared data plans to reduce number of data subscriptions per user and growing popularity of API will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the passenger vehicle telematics market covers the following areas:

• Passenger vehicle telematics market sizing
• Passenger vehicle telematics market forecast
• Passenger vehicle telematics market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading passenger vehicle telematics market vendors that include Agero Inc., Airbiquity Inc., AT and T Inc., Bridgestone Corp., Bynx Ltd., Continental AG, Danaher Corp., BorgWarner Inc., DXC Technology Co., Fleet Complete, Garmin Ltd., OCTO Telematics S.p.A, Robert Bosch GmbH, Telefonaktiebolaget LM Ericsson, Telenav Inc., Trimble Inc., Valeo SA, Verizon Communications Inc., Visteon Corp., and Vodafone Group Plc. Also, the passenger vehicle telematics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.