Passenger Vehicle Telematics Market to grow by USD 24.78 billion from 2022 to 2027, OEM push for embedded telematics systems in BRIC nations to boost the growth - Technavio
NEW YORK, Feb. 5, 2024 /PRNewswire/ -- The passenger vehicle telematics market is estimated to grow by USD 24.78 billion from 2022 to 2027, according to Technavio.
- NEW YORK, Feb. 5, 2024 /PRNewswire/ -- The passenger vehicle telematics market is estimated to grow by USD 24.78 billion from 2022 to 2027, according to Technavio.
- Europe and North America lead the embedded passenger vehicle telematics market due to their reliable connectivity.
- Emerging countries like Brazil, Russia, India, and China show rising interest in navigation and infotainment, fostering collaboration between OEMs and telematics providers.
- India's growing middle class and urbanization also drive demand for in-vehicle entertainment and information systems, now extending beyond premium cars.