Passenger Vehicle Telematics Market is predicted to reach USD 25.4 Billion at a CAGR of 12.50% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Passenger Vehicle Telematics Market”

MRFR recognizes the following companies as the key players in the global Passenger Vehicle Telematics market—Bosch GmbH, Continental AG, OnStar Corporation, AirIQ Inc., Agero, Inc., Qualcomm Incorporated, ETAS Group, Zonar Systems, Omnitracs, LLC, Bridgestone Mobility Solutions B.V., Masternaut Limited, and MiX Telematics

Passenger Vehicle Telematics Highlights

The global Passenger Vehicle Telematics market is accounted to register a CAGR of 12.50% during the forecast period and is estimated to reach USD 25.4 billion by 2032.

Government efforts to develop an intelligent transportation system are stepping up, and demand for smartphone applications in automobiles is expanding. These factors, along with autonomous driving and passenger safety features, are the main market drivers boosting market growth. Fleet managers can create more efficient routes by using some telemetry tools. Tracking a vehicle's location and operations can improve driver productivity, dispatching, and customer delivery times.

Segment Analysis

The global Passenger Vehicle Telematics market has been segmented based Service, Hardware, Form Type, Vehicle Type, Connectivity, Aftermarket, and Service Type.

On the basis of Service, the market is segmented into automatic crash notification, emergency calling, navigation, on-road assistance, remote diagnostics, on-road assistance, vehicle tracking/recovery (fleet management), insurance risk assessment, driver behavior, billing services, and others (fuel efficiency guidance, geo-fencing, eco driving). The vehicle tracking/recovery (fleet management) category is estimated to expand at a faster revenue growth rate over the forecast period due to the growing acceptance of this technology by fleet operators.

Based on hardware, the global passenger vehicle telematics market has been segmented into telematic control unit, navigation systems, communication devices, audio/video interface, and CAN bus. The telematic control unit segment dominated the market in 2022 as a result of increasing global demand.

Based on form type, the global passenger vehicle telematics market has been segmented into embedded, tethered, and integrated. In 2022, the embedded category share was the largest. In embedded systems, connectivity is provided by a built-in telematics control module, ensuring a reliable connection and enhancing user experience.

Based on vehicle type, the global passenger vehicle telematics market has been segmented into passenger car, LCV, truck, and bus. Over the forecast period, the passenger car segment is anticipated to contribute the highest revenue share. As logistics and transportation continue to advance, there are expected to be many potential for passenger vehicle telematics.

Based on connectivity, the global passenger vehicle telematics market has been segmented into satellite and cellular. The largest share for cellular category is predicted to be in the automobile telematics sector. Some of the disruptive factors that have fueled the development of cellular connectivity automobile telematics include the introduction of cloud-based services, the government's push for 5G, and the spread of cellular coverage in APAC nations.

Based on aftermarket, the global passenger vehicle telematics market has been segmented into passenger car/aftermarket, LCV aftermarket, and HCV aftermarket. The passenger car/aftermarket category led the passenger vehicle telematics market in 2022. The desire for aftermarket passenger car telematics is the cause of this.

Based on service type, the global passenger vehicle telematics market has been segmented into consulting, implementation, and maintenance. The consulting category had the largest percentage in 2022 due to the ignorance of many car owners.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Passenger Vehicle Telematics Market Research Report

Regional Analysis

The global Passenger Vehicle Telematics market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Passenger Vehicle Telematics market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Passenger Vehicle Telematics market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Passenger Vehicle Telematics market comprises of Middle East, Africa, and Latin America.

The Asia Pacific Passenger Vehicle Telematics market area will dominate this market. The increased demand for fleet management telematics solutions is the cause of this.

Moreover, the Europe market has been persistently growing over the forecast period. This is due to strict auto safety regulations enforced by the government and growing public awareness of road safety.

The North America Passenger Vehicle Telematics Market is expected to register significant growth from 2023 to 2032. This can be attributed to an increase in driver and passenger security and safety concerns as well as an increase in the need for telematics in the region because of accident prevention.

Furthermore, the rest of the world's Passenger Vehicle Telematics market is divided into the Middle East, Africa, and Latin America. The need for connected automobiles and cutting-edge safety features in the area are driving the growth of the LAMEA passenger vehicle telematics market. The market is extremely competitive and is seeing the adoption of cutting-edge features and technology.

Key Findings of the Study

• The global Passenger Vehicle Telematics market is expected to reach USD 25.4 billion by 2032, at a CAGR of 12.50% during the forecast period.


• The North America region accounted for the fastest-growing global market due to increase in driver and passenger security and safety concerns as well as an increase in the need for telematics in the region because of accident prevention


• Based on Connectivity, the cellular connectivity segment was attributed to holding the largest market in 2022, with an approximate market share of 78.68%.