Passenger Car Telematics: Global Market for Services and Solutions

Report Code: IAS195A

Publish Date: Mar 2023

Publisher: BCC Publishing

Category: Instruments

Download Report Overview

Single User License: $5500

Member Price: FREE

Explore Our Services

Already a member? Login to access this report free.

Report Highlights

The global passenger car telematics market should reach $99.3 billion by 2027 from $53.9 billion in 2022 at a compound annual growth rate (CAGR) of 13.0% for the forecast period of 2022 to 2027.

Report Includes

  • 28 data tables and 15 additional tables
  • A detailed review and up-to-date assessment of the global market for passenger car telematics services and solutions
  • Analyses of the global market trends, with market revenue data for 2021, estimates for 2022 and 2023, and projections of compound annual growth rates (CAGRs) through 2027
  • Highlights of the market potential for passenger car telematics, industry growth drivers, and areas of focus to forecast this market into various segments and subsegments
  • Estimation of the actual market size for passenger car telematics in USD million values, revenue forecast, and corresponding market share analysis by product type, connectivity, application, sales channel, and geographic region
  • In-depth information (facts and figures) concerning market drivers, market deterrents and other macroeconomic forces affecting the current and future market outlook
  • Discussion of the industry value chain analysis providing a systematic study of key intermediaries involved, with emphasis on manufacturers, suppliers, and solutions providers of passenger car telematics
  • Updated information on recent mergers, acquisitions, partnerships, agreements, collaborations, joint ventures, and market expansions in the passenger car telematics industry
  • A relevant patent analysis with significant allotments of patents on passenger car telematics technology
  • Identification of the major stakeholders and analysis of the competitive landscape based on recent developments and segmental revenues
  • Descriptive company profiles of the leading global players, including Continental AG, LG Electronics, Powerfleet Inc., Tata motors, and Verizon Connect

Report Scope

This report analyses product types, connectivity, applications, sales channels, and regional market development for passenger car telematics. Furthermore, we have also covered market analysis for major countries in this report, such as the US, China, Germany, and others, where the opportunities for passenger car telematics are profitable.

The report is prepared in a simple, easy-to-understand format; tables and figures are included to illustrate historical, current, and future market scenarios. The report also covers leading companies with information on product types, business footprint, revenue, employee strength, etc. We have also covered a list of other companies in the global and regional markets with their product-related information. The analyst has also covered the patent analysis for the passenger car telematics market, which represents a significant investment area for investors.

The report includes the impact of COVID-19 and the Russia-Ukraine war on the global and regional markets.

2021 is considered a historic/base year, 2022 is an estimated year, and the market values are forecasted for five years until 2027. All market values are in the ($) billion.

Report Synopsis

Report Metrics Details
Base year considered 2021
Forecast period considered 2022 to 2027
Base year market size $48.8 billion
Market size forecast $99.3 billion
Growth rate CAGR of 13.0% for the forecast period of 2022-2027
Units considered $ Billions
Segments covered product type, connectivity type, application, sales channel, and region
Regions covered North America, Europe, Asia-Pacific, and Rest of the World (ROW)
Countries covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, Russia, Poland, Rest of Europe, China, Japan, India, South Korea, Rest of Asia-Pacific, Middle East, and South America
Key Market Drivers
  • Ridesharing Companies are Focused on Implementing New Technologies to Improve the Safety of Vehicles and Passengers
  • Telematics is Solving Car Sharing Challenges
  • Strict Government Regulations and Standards are Pushing the Installation of Telematics Devices in Vehicles
  • The Usage of Telematic Services Can Help Fleet Managing Companies to Achieve Sustainability Goals
  • Drivers on the Demand Side for Market for Passenger Car Telematics
  • Rising Fuel Prices
  • Lack of Infrastructure for Connectivity in Many Countries
  • High Upfront Cost of Installation
  • Data Hacking
Companies studied
CARTRACKCONTINENTAL AG
FLEET COMPLETEGEOTAB INC.
INSURANCE & MOBILITY SOLUTIONSLG ELECTRONICS
MASTERNAUT LTD.MICROLISE LTD.
MIX TELEMATICSOCTO GROUP S.P.A.
OMNIMATICS SDN. BHDPOWERFLEET INC.
SAMSARA INC.TATA MOTORS LTD.
TELETRAC NAVMAN U.S. LTD.VERIZON
VISTEON CORP.ZONAR SYSTEMS
Need a custom data table, graph, region, segment, companies or complete report? CUSTOMIZE NOW

Frequently Asked Questions (FAQs)

• The passenger car telematics market is projected to grow from $48.8 billion in 2021 to $99.3 billion in 2027 at a compound annual growth rate (CAGR) of 13.0% during the forecast period.
• Ridesharing companies are focused on implementing new technologies to improve the safety of vehicles and passengers. • Car sharing challenges are being solved by telematics. • Government’s strict regulations and standards are pushing the installation of telematics devices in vehicles • The usage of telematic services can help fleet-managing companies achieve sustainability goals • Rising the price of fuel.
• The passenger car telematics market is segmented based on product type, connectivity type, application, sales channel, and region.
• Service/content segment will dominate the market by the end of 2027.
• Europe holds the highest share of the global market.
• Key companies in the market include CARTRACK, CONTINENTAL AG, FLEET COMPLETE, GEOTAB INC., INSURANCE & MOBILITY SOLUTIONS, LG ELECTRONICS, MASTERNAUT LTD., MICROLISE LTD, MIX TELEMATICS, OCTO GROUP S.P.A, OMNIMATICS SDN. BHD, POWERFLEET, INC., SAMSARA INC., TELETRAC NAVMAN U.S. LTD., VERIZON CONNECT, and others.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

Let us assist you! Our analysts are ready to tailor this report to your specific need. REACH OUT TO US TODAY

Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: Passenger Car Telematics: Global Market for Services and Solutions143Free
Chapter- 1: Introduction11Free
Chapter- 2: Summary and Highlights2Free
Chapter- 3: Market Overview17Free
Chapter- 4: Global Market Dynamics10Free
Chapter- 5: Market Breakdown by Region11Free
Chapter- 6: Market Breakdown by Product Type8Free
Chapter- 7: Market Breakdown by Type of Connectivity7Free
Chapter- 8: Market Breakdown by Application10Free
Chapter- 9: Market Breakdown by Sales Channel6Free
Chapter- 10: Patent Analysis32Free
Chapter- 11: Competitive Landscape10Free
Chapter- 12: Company Profiles17Free
Chapter- 13: Appendix: Acronyms2Free

Related Reports

Autonomous Trucks: Global Markets

Published - Jan 2024 | Publisher - BCC Publishing | Code - IAS181B

The global market for autonomous trucks is expected to grow from $3.3 billion in 2023 to over $6.9 billion by the end of 2028, at a compound annual growth rate (CAGR) of 16.2% during the forecast period of 2023-2028.

Automotive Electronics: Global Markets for IC Engine and EVs

Published - Oct 2023 | Publisher - Kuldeep Bhadouria | Code - ENG034A

The global market for automotive electronics is estimated to increase from $337.9 billion in 2023 to reach $508.0 billion by 2028, at a compound annual growth rate (CAGR) of 8.5% during the forecast period of 2023-2028.

Global Commercial Vehicle Telematics Market: OEM and Aftermarket

Published - Dec 2022 | Publisher - BCC Publishing | Code - IAS194A

The global commercial vehicle telematics market should reach $81.5 billion by 2027 from $36.9 billion in 2022 at a compound annual growth rate (CAGR) of 17.2% for the forecast period of 2022 to 2027.

Global Automotive Telematics Market: Embedded,Tethered and Integrated Connectivity

Published - Nov 2022 | Publisher - BCC Publishing | Code - IAS192A

The global market for automotive telematics is estimated to grow from $99.6 billion in 2022 to $204.2 billion in 2027, with a compound annual growth rate (CAGR) of 15.4% for the period of 2022-2027.

Recent Reports

Sensors: Technologies and Global Markets

Published - Jun 2024 | Publisher - BCC Publishing | Code - IAS006P

The global market for sensors is estimated to increase from $179.7 billion in 2023 to reach $300.5 billion by 2029, at a compound annual growth rate (CAGR) of 8.9% from 2024 through 2029.

Pharmacy Automation: Technologies and Global Markets

Published - Apr 2024 | Publisher - Masaratjahan Kudle | Code - IAS026H

The global market for pharmacy automation is estimated to increase from $7.8 billion in 2023 to reach $12.7 billion by 2028, at a compound annual growth rate (CAGR) of 10.2% from 2023 through 2028.

Temperature Sensors: Global Markets

Published - Apr 2024 | Publisher - BCC Publishing | Code - IAS072C

The global market for temperature sensors is expected to grow from $7.3 billion in 2023 to $9.0 billion by the end of 2028, at a compound annual growth rate (CAGR) of 4.3% from 2023 through 2028.

Analytical Laboratory Instruments Manufacturing: Global Markets

Published - Jan 2024 | Publisher - Harsh Goyal | Code - IAS130B

The global market for analytical laboratory instruments is estimated to increase from $60.9 billion in 2023 to reach $82.5 billion by 2028, at a compound annual growth rate (CAGR) of 6.3% from 2023 through 2028.

Autonomous Trucks: Global Markets

Published - Jan 2024 | Publisher - BCC Publishing | Code - IAS181B

The global market for autonomous trucks is expected to grow from $3.3 billion in 2023 to over $6.9 billion by the end of 2028, at a compound annual growth rate (CAGR) of 16.2% during the forecast period of 2023-2028.

Top Trending Reports

Global Market for Cell and Gene Therapy

Published - Apr 2024 | Publisher - BCC Publishing | Code - BIO225B

The global market for cell and gene therapy is expected to grow from $7.2 billion in 2023 and projected to reach $23.3 billion by the end of 2028, at a compound annual growth rate (CAGR) of 26.4% during the forecast period of 2023 to 2028. 

Peptide Synthesis: Global Markets

Published - May 2024 | Publisher - BCC Publishing | Code - BIO252A

The global market for peptide synthesis is expected to grow from $90.1 billion in 2023 and projected to reach $157.5 billion by the end of 2028, at a compound annual growth rate (CAGR) of 11.8% during the forecast period of 2023 to 2028.

3D Cell Cultures: Technologies and Global Markets

Published - Mar 2024 | Publisher - BCC Publishing | Code - BIO140D

The global market for 3D cell culture is estimated to increase from $4.6 billion in 2023 to reach $14.8 billion by 2028, at a compound annual growth rate (CAGR) of 26.5% from 2023 through 2028.

Oligonucleotides: Global Markets

Published - Apr 2024 | Publisher - BCC Publishing | Code - BIO220B

The global market for oligonucleotides is expected to grow from $7.0 billion in 2023 and projected to reach $11.7 billion by the end of 2028, at a compound annual growth rate (CAGR) of 11.0% during the forecast period of 2023 to 2028.

Medical Magnetic Resonance Imaging (MRI): Technologies and Global Markets

Published - May 2024 | Publisher - BCC Publishing | Code - HLC078F

The global market for medical magnetic resonance imaging (MRI) is expected to grow from $7.2 billion in 2023 and projected to reach $9.8 billion by the end of 2028, at a compound annual growth rate (CAGR) of 6.4% during the forecast period of 2023 to 2028.

Become A Member

BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.

Find Out More

Custom Consulting

BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.

Customize Now

Scorecard

The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.

Find Out More

Innovation Spotlight

Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.

Find Out More
Passenger Car Telematics: Global Market for Services and Solutions
Sample Report