NEW YORK, May 5, 2023 /PRNewswire/ — The global passenger vehicle telematics market size is estimated to grow by USD 24.78 billion from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 18.05%. APAC will account for 45% of the market growth during the forecast period. The demand for passenger vehicles is increasing in developing countries such as India, China, Malaysia, and Indonesia. The region is witnessing an increased demand for passenger cars that come installed with in-dash entertainment systems, display units, advanced safety and security features, and navigation systems. Prominent OEMs in the region are equipping their vehicles with telematics systems to create product differentiation. In addition, the rising awareness and increasing demand for telematics and built-in connectivity among consumers will drive the growth of the passenger vehicle telematics market in APAC during the forecast period. For more insights on the historic period (2017 to 2021) and forecast market size (2023 to 2027) – Request a sample report
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Global Passenger Vehicle Telematics Market – Segmentation Assessment
Segment Overview
Technavio has segmented the market based on product (smartphone integration, tethered, and embedded), type (remote message processing system, brake system, and transmission control system), and geography (APAC, Europe, North America, South America, and Middle East and Africa).
The market growth in the smartphone integration segment will be significant over the forecast period. The penetration of smartphones has grown significantly worldwide, and it is expected to grow further. This has pushed the need for integrating smartphones with vehicle systems for an enhanced driving experience. Ford SYNC 3 AppLink and Toyota Entune are some of the popular smartphone-integrated solutions in the market. The SYNC 3 AppLink gave significant popularity to Ford Motor Company due to its features and reliability. Similarly, other major market players offer a range of systems featuring various functionalities, applications, and prices, targeting every consumer demographic. As a result of these factors, the segment will witness strong growth over the forecast period.
Insights on the market contribution of various segments, including country- and region-wise data, historic data (2017 to 2021), and forecast market size (2023 to 2027) – Download a Sample Report
Global Passenger Vehicle Telematics Market – Market Dynamics
Key factor driving market growth
The market is driven by the push for embedded telematics systems in BRIC nations by OEMs. Regulatory bodies worldwide are introducing several legislations to encourage the installation of embedded telematics in passenger vehicles. The penetration of vehicle telematics is increasing rapidly in developing nations, especially in Brazil, Russia, India, and China (BRIC). Consumers in these countries are exhibiting increased interest in navigation services and infotainment services in passenger cars. Hence, OEMs are collaborating with automotive telematics providers and are planning to introduce new products and services to tap the growth opportunity in BRIC countries. Also, globalization and the increasing popularity of connected vehicles have paved the way for the use of in-vehicle entertainment and information systems. Many automotive OEMs operating in India are equipping their entry-level and medium-range vehicles with in-vehicle entertainment and information systems to meet the growing demand from consumers. All these factors are increasing the demand for connected vehicle technologies, which is driving the growth of the market.
Leading trends influencing the market
The adoption of video telematics to precisely track driver behavior is identified as the key trend in the market. Modern telematics service providers are adopting cameras to monitor driver behavior. For instance, MiX Telematics offers MiX Vision in-cab video monitoring system. It is an integrated solution with an onboard computer and a web-based fleet management platform. Similarly, Omnitracs offers Critical Event Video with an in-cab video integration solution that ties into Omnitracs Critical Event Reporting to improve driver training and mitigate liability risks associated with accidents and other critical events. The introduction of video telematics solutions is expected to benefit the growth of the market during the forecast period.
Major challenges hindering the market growth
The high cost associated with telematics services is identified as the major challenge hindering the growth of the market. It requires significant initial investments when setting up vehicle telematics systems. The initial setup also includes the payment for customization and integration with current systems. In addition, the license fee needs to be renewed periodically, which increases the overall cost of ownership. Moreover, some service providers charge roaming fees if the vehicle travels beyond a country’s borders. They also charge in situations involving vehicle replacement and end-contractual equipment termination. Such factors restrict the growth of the market.
What are the key data covered in this passenger vehicle telematics market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the passenger vehicle telematics market between 2023 and 2027
Precise estimation of the size of the passenger vehicle telematics market and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the passenger vehicle telematics market across APAC, Europe, North America, South America, and Middle East and Africa
A thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of passenger vehicle telematics market vendors
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The global electric vehicle remote diagnostics market size is estimated to grow by USD 1,905.56 million between 2022 and 2027, accelerating at a CAGR of 28.11%. The market is segmented by application (passenger cars and commercial vehicles), type (equipment and software), and geography (APAC, Europe, North America, South America, and the Middle East and Africa).
The automotive connected car platform market is estimated to grow at a CAGR of 12.68% and the size of the market is forecast to increase by USD 5,694.07 million between 2022 and 2027. The market is segmented by service (infotainment services and telematics services), technology (integrated solutions, embedded solutions, and tethered solutions), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
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Passenger Vehicle Telematics Market Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 18.05% |
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Market growth 2023-2027 |
USD 24.78 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
17.63 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 45% |
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Key countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Agero Inc., Airbiquity Inc., AT and T Inc., Bridgestone Corp., Bynx Ltd., Continental AG, Danaher Corp., Delphi Technologies Plc, DXC Technology Co., Fleet Complete, OCTO Telematics S.p.A, Robert Bosch GmbH, Telefonaktiebolaget LM Ericsson, Telenav Inc., Trimble Inc., Valeo SA, Verizon Communications Inc., Visteon Corp., Vodafone Group Plc, and Garmin Ltd. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Browse through Technavio’s Consumer Discretionary Market Reports
Table of contents:
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ billion)
Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global passenger vehicle telematics market 2017 – 2021
Exhibit 18: Historic Market Size – Data Table on Global passenger vehicle telematics market 2017 – 2021 ($ billion)
4.2 Product Segment Analysis 2017 – 2021
Exhibit 19: Historic Market Size – Product Segment 2017 – 2021 ($ billion)
4.3 Type Segment Analysis 2017 – 2021
Exhibit 20: Historic Market Size – Type Segment 2017 – 2021 ($ billion)
4.4 Geography Segment Analysis 2017 – 2021
Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ billion)
4.5 Country Segment Analysis 2017 – 2021
Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition – Five forces 2022 and 2027
6 Market Segmentation by Product
6.1 Market segments
Exhibit 30: Chart on Product – Market share 2022-2027 (%)
Exhibit 31: Data Table on Product – Market share 2022-2027 (%)
6.2 Comparison by Product
Exhibit 32: Chart on Comparison by Product
Exhibit 33: Data Table on Comparison by Product
6.3 Smartphone integration – Market size and forecast 2022-2027
Exhibit 34: Chart on Smartphone integration – Market size and forecast 2022-2027 ($ billion)
Exhibit 35: Data Table on Smartphone integration – Market size and forecast 2022-2027 ($ billion)
Exhibit 36: Chart on Smartphone integration – Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Smartphone integration – Year-over-year growth 2022-2027 (%)
6.4 Tethered – Market size and forecast 2022-2027
Exhibit 38: Chart on Tethered – Market size and forecast 2022-2027 ($ billion)
Exhibit 39: Data Table on Tethered – Market size and forecast 2022-2027 ($ billion)
Exhibit 40: Chart on Tethered – Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Tethered – Year-over-year growth 2022-2027 (%)
6.5 Embedded – Market size and forecast 2022-2027
Exhibit 42: Chart on Embedded – Market size and forecast 2022-2027 ($ billion)
Exhibit 43: Data Table on Embedded – Market size and forecast 2022-2027 ($ billion)
Exhibit 44: Chart on Embedded – Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Embedded – Year-over-year growth 2022-2027 (%)
6.6 Market opportunity by Product
Exhibit 46: Market opportunity by Product ($ billion)
Exhibit 47: Data Table on Market opportunity by Product ($ billion)
7 Market Segmentation by Type
7.1 Market segments
Exhibit 48: Chart on Type – Market share 2022-2027 (%)
Exhibit 49: Data Table on Type – Market share 2022-2027 (%)
7.2 Comparison by Type
Exhibit 50: Chart on Comparison by Type
Exhibit 51: Data Table on Comparison by Type
7.3 Remote message processing system – Market size and forecast 2022-2027
Exhibit 52: Chart on Remote message processing system – Market size and forecast 2022-2027 ($ billion)
Exhibit 53: Data Table on Remote message processing system – Market size and forecast 2022-2027 ($ billion)
Exhibit 54: Chart on Remote message processing system – Year-over-year growth 2022-2027 (%)
Exhibit 55: Data Table on Remote message processing system – Year-over-year growth 2022-2027 (%)
7.4 Brake system – Market size and forecast 2022-2027
Exhibit 56: Chart on Brake system – Market size and forecast 2022-2027 ($ billion)
Exhibit 57: Data Table on Brake system – Market size and forecast 2022-2027 ($ billion)
Exhibit 58: Chart on Brake system – Year-over-year growth 2022-2027 (%)
Exhibit 59: Data Table on Brake system – Year-over-year growth 2022-2027 (%)
7.5 Transmission control system – Market size and forecast 2022-2027
Exhibit 60: Chart on Transmission control system – Market size and forecast 2022-2027 ($ billion)
Exhibit 61: Data Table on Transmission control system – Market size and forecast 2022-2027 ($ billion)
Exhibit 62: Chart on Transmission control system – Year-over-year growth 2022-2027 (%)
Exhibit 63: Data Table on Transmission control system – Year-over-year growth 2022-2027 (%)
7.6 Market opportunity by Type
Exhibit 64: Market opportunity by Type ($ billion)
Exhibit 65: Data Table on Market opportunity by Type ($ billion)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 67: Chart on Market share by geography 2022-2027 (%)
Exhibit 68: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 69: Chart on Geographic comparison
Exhibit 70: Data Table on Geographic comparison
9.3 APAC – Market size and forecast 2022-2027
Exhibit 71: Chart on APAC – Market size and forecast 2022-2027 ($ billion)
Exhibit 72: Data Table on APAC – Market size and forecast 2022-2027 ($ billion)
Exhibit 73: Chart on APAC – Year-over-year growth 2022-2027 (%)
Exhibit 74: Data Table on APAC – Year-over-year growth 2022-2027 (%)
9.4 Europe – Market size and forecast 2022-2027
Exhibit 75: Chart on Europe – Market size and forecast 2022-2027 ($ billion)
Exhibit 76: Data Table on Europe – Market size and forecast 2022-2027 ($ billion)
Exhibit 77: Chart on Europe – Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on Europe – Year-over-year growth 2022-2027 (%)
9.5 North America – Market size and forecast 2022-2027
Exhibit 79: Chart on North America – Market size and forecast 2022-2027 ($ billion)
Exhibit 80: Data Table on North America – Market size and forecast 2022-2027 ($ billion)
Exhibit 81: Chart on North America – Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on North America – Year-over-year growth 2022-2027 (%)
9.6 South America – Market size and forecast 2022-2027
Exhibit 83: Chart on South America – Market size and forecast 2022-2027 ($ billion)
Exhibit 84: Data Table on South America – Market size and forecast 2022-2027 ($ billion)
Exhibit 85: Chart on South America – Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on South America – Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa – Market size and forecast 2022-2027
Exhibit 87: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
Exhibit 88: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
Exhibit 89: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
9.8 China – Market size and forecast 2022-2027
Exhibit 91: Chart on China – Market size and forecast 2022-2027 ($ billion)
Exhibit 92: Data Table on China – Market size and forecast 2022-2027 ($ billion)
Exhibit 93: Chart on China – Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on China – Year-over-year growth 2022-2027 (%)
9.9 US – Market size and forecast 2022-2027
Exhibit 95: Chart on US – Market size and forecast 2022-2027 ($ billion)
Exhibit 96: Data Table on US – Market size and forecast 2022-2027 ($ billion)
Exhibit 97: Chart on US – Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on US – Year-over-year growth 2022-2027 (%)
9.10 Germany – Market size and forecast 2022-2027
Exhibit 99: Chart on Germany – Market size and forecast 2022-2027 ($ billion)
Exhibit 100: Data Table on Germany – Market size and forecast 2022-2027 ($ billion)
Exhibit 101: Chart on Germany – Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on Germany – Year-over-year growth 2022-2027 (%)
9.11 Japan – Market size and forecast 2022-2027
Exhibit 103: Chart on Japan – Market size and forecast 2022-2027 ($ billion)
Exhibit 104: Data Table on Japan – Market size and forecast 2022-2027 ($ billion)
Exhibit 105: Chart on Japan – Year-over-year growth 2022-2027 (%)
Exhibit 106: Data Table on Japan – Year-over-year growth 2022-2027 (%)
9.12 UK – Market size and forecast 2022-2027
Exhibit 107: Chart on UK – Market size and forecast 2022-2027 ($ billion)
Exhibit 108: Data Table on UK – Market size and forecast 2022-2027 ($ billion)
Exhibit 109: Chart on UK – Year-over-year growth 2022-2027 (%)
Exhibit 110: Data Table on UK – Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 111: Market opportunity by geography ($ billion)
Exhibit 112: Data Tables on Market opportunity by geography ($ billion)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 113: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 115: Overview on factors of disruption
11.4 Industry risks
Exhibit 116: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 117: Vendors covered
12.2 Market positioning of vendors
Exhibit 118: Matrix on vendor position and classification
12.3 Agero Inc.
Exhibit 119: Agero Inc. – Overview
Exhibit 120: Agero Inc. – Product / Service
Exhibit 121: Agero Inc. – Key offerings
12.4 Airbiquity Inc.
Exhibit 122: Airbiquity Inc. – Overview
Exhibit 123: Airbiquity Inc. – Product / Service
Exhibit 124: Airbiquity Inc. – Key offerings
12.5 AT and T Inc.
Exhibit 125: AT and T Inc. – Overview
Exhibit 126: AT and T Inc. – Business segments
Exhibit 127: AT and T Inc. – Key news
Exhibit 128: AT and T Inc. – Key offerings
Exhibit 129: AT and T Inc. – Segment focus
12.6 Bridgestone Corp.
Exhibit 130: Bridgestone Corp. – Overview
Exhibit 131: Bridgestone Corp. – Business segments
Exhibit 132: Bridgestone Corp. – Key news
Exhibit 133: Bridgestone Corp. – Key offerings
Exhibit 134: Bridgestone Corp. – Segment focus
12.7 Bynx Ltd.
Exhibit 135: Bynx Ltd. – Overview
Exhibit 136: Bynx Ltd. – Product / Service
Exhibit 137: Bynx Ltd. – Key offerings
12.8 Continental AG
Exhibit 138: Continental AG – Overview
Exhibit 139: Continental AG – Business segments
Exhibit 140: Continental AG – Key offerings
Exhibit 141: Continental AG – Segment focus
12.9 Danaher Corp.
Exhibit 142: Danaher Corp. – Overview
Exhibit 143: Danaher Corp. – Business segments
Exhibit 144: Danaher Corp. – Key news
Exhibit 145: Danaher Corp. – Key offerings
Exhibit 146: Danaher Corp. – Segment focus
12.10 Delphi Technologies Plc
Exhibit 147: Delphi Technologies Plc – Overview
Exhibit 148: Delphi Technologies Plc – Business segments
Exhibit 149: Delphi Technologies Plc – Key offerings
Exhibit 150: Delphi Technologies Plc – Segment focus
12.11 DXC Technology Co.
Exhibit 151: DXC Technology Co. – Overview
Exhibit 152: DXC Technology Co. – Business segments
Exhibit 153: DXC Technology Co. – Key news
Exhibit 154: DXC Technology Co. – Key offerings
Exhibit 155: DXC Technology Co. – Segment focus
12.12 Fleet Complete
Exhibit 156: Fleet Complete – Overview
Exhibit 157: Fleet Complete – Product / Service
Exhibit 158: Fleet Complete – Key offerings
12.13 Robert Bosch GmbH
Exhibit 159: Robert Bosch GmbH – Overview
Exhibit 160: Robert Bosch GmbH – Business segments
Exhibit 161: Robert Bosch GmbH – Key news
Exhibit 162: Robert Bosch GmbH – Key offerings
Exhibit 163: Robert Bosch GmbH – Segment focus
12.14 Telefonaktiebolaget LM Ericsson
Exhibit 164: Telefonaktiebolaget LM Ericsson – Overview
Exhibit 165: Telefonaktiebolaget LM Ericsson – Business segments
Exhibit 166: Telefonaktiebolaget LM Ericsson – Key news
Exhibit 167: Telefonaktiebolaget LM Ericsson – Key offerings
Exhibit 168: Telefonaktiebolaget LM Ericsson – Segment focus
12.15 Trimble Inc.
Exhibit 169: Trimble Inc. – Overview
Exhibit 170: Trimble Inc. – Business segments
Exhibit 171: Trimble Inc. – Key offerings
Exhibit 172: Trimble Inc. – Segment focus
12.16 Verizon Communications Inc.
Exhibit 173: Verizon Communications Inc. – Overview
Exhibit 174: Verizon Communications Inc. – Business segments
Exhibit 175: Verizon Communications Inc. – Key offerings
Exhibit 176: Verizon Communications Inc. – Segment focus
12.17 Visteon Corp.
Exhibit 177: Visteon Corp. – Overview
Exhibit 178: Visteon Corp. – Product / Service
Exhibit 179: Visteon Corp. – Key news
Exhibit 180: Visteon Corp. – Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 181: Inclusions checklist
Exhibit 182: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 183: Currency conversion rates for US$
13.4 Research methodology
Exhibit 184: Research methodology
Exhibit 185: Validation techniques employed for market sizing
Exhibit 186: Information sources
13.5 List of abbreviations
Exhibit 187: List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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