Home > Automotive > Automotive Technology > Passenger Vehicle Telematics Market

Passenger Vehicle Telematics Market Trends

  • Report ID: GMI5885
  • Published Date: May 2023
  • Report Format: PDF
 Download Free Sample

Passenger Vehicle Telematics Market Trends

The growing sales of connected cars and increasing penetration of devices, such as smartphones, IoT devices & tablets, are propelling the demand for telematics in passenger vehicles. Further, the rising deployment of ADAS in passenger vehicles is an important factor boosting telematics demand. ADAS utilize telematics data to provide real-time warnings & alerts, enhance driver safety, and assist in decision-making during critical situations, leading to improved road safety. Also, government regulations on strengthening in-vehicle connectivity and safety to decrease road accidents are expected to play a crucial role in the boosting the industry demand 2023-2032.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of passenger vehicle telematics reached USD 24 billion in 2022 and will record 12% CAGR from 2023-2032 due to the surging need for emergency & roadside assistance, stolen vehicle tracking, and remote vehicle immobilization.

Embedded telematics type segment held over 50% of the industry share in 2022 owing to growing demand in GPS navigation, safety communications & emergency systems, and automatic driver assistance.

Passenger vehicle telematics industry size in North America is estimated to exceed USD 30 billion by 2032 driven by the rising security & safety concerns in the region.

Some of the leading passenger vehicle telematics business participants include Agero Inc., AirlQ Inc., Aptiv, and Continental AG.

Passenger Vehicle Telematics Market Scope

  • Passenger Vehicle Telematics Market Size
  • Passenger Vehicle Telematics Market Trends
  • Passenger Vehicle Telematics Market Analysis
  • Passenger Vehicle Telematics Market Share

    • Buy Now

    Premium Report Details

    • Base Year: 2022
    • Companies covered: 18
    • Tables & Figures: 273
    • Countries covered: 20
    • Pages: 250
     Download Free Sample
    ×
    Get a free sample of Passenger Vehicle Telematics Market
    Inquiry Before Buying
    Get special pricing options on this report
    Request Sectional Data
    Over 70% of our clients customize reports to fit their needs. Please tell us how you would like to customize yours below

    Your personal details will remain secure and confidential.