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:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
19.47%
CAGR
24.94%
Incremental Value
$46.2bn
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.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Product
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ billion)
Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Passenger Vehicle Telematics Market 2018 - 2022
Historic Market Size - Data Table on Global Passenger Vehicle Telematics Market 2018 - 2022 ($ billion)