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Passenger Vehicle Telematics Market Share

Report ID: GMI5885
Published Date: Aug 2024
Report Format: PDF

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Passenger Vehicle Telematics Market Share

AirIQ Inc. and Continental dominate the remote vehicle diagnostics industry with a market share of over 14% in 2023. AirIQ offers a suite of GPS-based tracking systems that cater to various industries, including transportation, logistics, and construction. Their technology helps clients enhance operational efficiency, reduce costs, and improve asset security through advanced features such as live tracking, geofencing, and detailed reporting. With a strong focus on customer service and technology, AirIQ aims to deliver reliable and scalable solutions that address the evolving needs of its clients in the asset management sector.

Continental’s automotive technologies encompass a wide range of products, including braking systems, advanced driver assistance systems, and connectivity solutions. The company is dedicated to enhancing vehicle safety, efficiency, and comfort, and is involved in developing sustainable technologies and future mobility solutions.

Passenger Vehicle Telematics Market Companies

Major players operating in the passenger vehicle telematics industry are:

Agero Inc
Continental AG
Fleet Complete
Geotab Inc
LG Electronics
MiX Telematics
Octo Telematics
OnStar Corporation
Qualcomm Incorporated
Verizon Connect

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Passenger vehicle telematics industry size was worth USD 26.5 billion in 2023 and will grow at 13% CAGR between 2024 and 2032 due to increasing consumer demand for advanced in-car connectivity and infotainment systems.

The remote control & monitoring segment will witness 15% CAGR through 2032, driven by its growing importance in enhancing vehicle management and user convenience.

North America passenger vehicle telematics industry captured 35% share in 2023, attributed to advanced automotive industry, high adoption rates of connected vehicle technologies, and strong consumer demand for in-car infotainment and safety features.

Agero Inc, Continental AG, Fleet Complete, Geotab Inc, LG Electronics, MiX Telematics, Octo Telematics, OnStar Corporation, Qualcomm Incorporated, and Verizon Connect, among others.