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Passenger Vehicle Telematics Market size is set to grow by USD 46.2 billion from 2024-2028, OEM push for embedded telematics systems in BRIC nations to boost the market growth, Technavio

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NEW YORK, June 17, 2024 /PRNewswire/ — The global passenger vehicle telematics market  size is estimated to grow by USD 46.2 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 24.94%  during the forecast period. OEM push for embedded telematics systems in BRIC nations is driving market growth, with a trend towards adoption of video telematics to precisely track driver behavior. However, data security in telematics industry  poses a challenge. Key market players include Agero Inc., Airbiquity Inc., AT and T Inc., Bridgestone Corp., Bynx Ltd., Continental AG, Danaher Corp., BorgWarner Inc., DXC Technology Co., Fleet Complete, Garmin Ltd., OCTO Telematics S.p.A, Robert Bosch GmbH, Telefonaktiebolaget LM Ericsson, Telenav Inc., Trimble Inc., Valeo SA, Verizon Communications Inc., Visteon Corp., and Vodafone Group Plc.

Get a detailed analysis on regions, market segments, customer landscape, and companies – View the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Product (Smartphone integration, Tethered, and Embedded), Type (Remote message processing system, Brake system, and Transmission control system), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)

Region Covered

APAC, Europe, North America, South America, and Middle East and Africa

Key companies profiled

Agero Inc., Airbiquity Inc., AT and T Inc., Bridgestone Corp., Bynx Ltd., Continental AG, Danaher Corp., BorgWarner Inc., DXC Technology Co., Fleet Complete, Garmin Ltd., OCTO Telematics S.p.A, Robert Bosch GmbH, Telefonaktiebolaget LM Ericsson, Telenav Inc., Trimble Inc., Valeo SA, Verizon Communications Inc., Visteon Corp., and Vodafone Group Plc

Key Market Trends Fueling Growth

The passenger vehicle telematics market is experiencing significant growth due to advancements in cloud technology and data analytics. Traditional GPS tracking has expanded to include monitoring every vehicle component, such as fuel efficiency and fleet management. Driver behavior is a key focus area, with camera technology used to monitor and improve safety.

Video-based safety systems are at an early stage but are expected to see strong growth. Companies like MiX Telematics offer integrated video monitoring systems, and Omnitracs has introduced Critical Event Video to enhance driver training and reduce liability risks. These developments are driving the market’s growth during the forecast period. 

The Passenger Vehicle Telematics Market is experiencing significant growth, driven by advanced technologies such as vehicle tracking, diagnostics, and connectivity. Vehicle systems are becoming more interconnected, enabling real-time data exchange between vehicles and service providers. This trend is leading to improved vehicle performance, enhanced safety features, and better customer experiences.

Busineses are leveraging telematics to optimize fleet management, reduce maintenance costs, and provide value-added services to customers. The use of vehicle sensors and analytics is also increasing, providing valuable insights into vehicle usage and performance. The future of passenger vehicle telematics is bright, with continued innovation and integration of new technologies. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The automotive industry’s shift towards providing internet connectivity in passenger vehicles through telematics systems has led to increased focus on functional requirements. However, non-functional aspects, such as data security, have been overlooked. Malware can infiltrate in-vehicle infotainment systems and gain access to critical networks, posing a significant risk.Personal information exchanged between drivers and manufacturers is also vulnerable. Regulatory bodies and organizations are addressing these concerns by developing security standards. The lack of laws and potential hacking risks may challenge the growth of the global passenger vehicle telematics market.The Passenger Vehicle Telematics Market faces several challenges. Drives for this market include vehicle connectivity and the need for real-time vehicle data. However, privacy and security concerns are major challenges. The collection and use of personal data require strict compliance with data protection regulations.Additionally, the integration of various technologies such as vehicle-to-vehicle communication and artificial intelligence adds complexity. Cost-effectiveness and interoperability are also critical factors. The market requires standardization to ensure seamless communication between different systems and devices.Furthermore, the market’s growth depends on the availability of reliable and high-speed connectivity in remote areas. Overall, the Passenger Vehicle Telematics Market offers significant opportunities but requires addressing these challenges to ensure customer trust and satisfaction.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

Product 1.1 Smartphone integration1.2 Tethered1.3 EmbeddedType 2.1 Remote message processing system2.2 Brake system2.3 Transmission control systemGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Smartphone integration-  The passenger vehicle telematics market is experiencing growth due to the increasing global smartphone penetration and the demand for in-vehicle HMI systems. Ford SYNC 3 AppLink and Toyota Entune are popular smartphone integrated solutions, with Ford gaining significant market share.

Consumers prefer systems with a strong application base, leading to increased development for smartphones. Customization and affordability are key drivers, with mid-size vehicle OEMs showing high adoption rates. The mid-size vehicle segment’s growth, particularly in APAC, will further boost the market share of smartphone-integrated telematics systems.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The Passenger Vehicle Telematics Market encompasses the integration of IoT devices, connected cars, and in-vehicle connectivity to enhance driver safety and passenger comfort. Telematics systems utilize external sensors, GPS tracking, and real-time alerts for critical situations, ensuring road safety.

Autonomous driving and passenger safety features are key advancements, with fleet managers leveraging operation tracking, service levels, and dispatching for optimized client delivery times and enhanced driver productivity. Technology advancements, such as 5G and AI, further improve decision-making capabilities and fuel usage efficiency. Telecommunication plays a crucial role in maintaining seamless connectivity and data exchange between vehicles and the cloud.

Market Research Overview

The Passenger Vehicle Telematics Market refers to the use of communication technology in passenger vehicles for remote monitoring and management of various functions. This includes vehicle tracking, diagnostics, safety and security, and infotainment systems. The market is driven by increasing consumer demand for connected cars and government regulations for vehicle safety.

The technology enables real-time vehicle data analysis, predictive maintenance, and improved road safety. It also offers benefits such as reduced operational costs, enhanced customer experience, and increased vehicle utilization. The market is expected to grow significantly due to the increasing adoption of electric and autonomous vehicles, and the integration of advanced technologies like IoT, AI, and machine learning.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductSmartphone IntegrationTetheredEmbeddedTypeRemote Message Processing SystemBrake SystemTransmission Control SystemGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Roadrunner Announces General Rate Increase

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Top-tier LTL trucker implements first across-the-board rate action since 2021

CHICAGO, Jan. 13, 2025 /PRNewswire/ — Roadrunner, the greatest comeback story in transportation’s history and now a leading provider of direct metro-to-metro, Less-than-Truckload (LTL) long-haul transportation services across the United States and Canada, today announced a general rate increase (GRI) of 6.9%, effective January 15, 2025. This increase applies to rates set up under the existing RDFS 501 tariff, which was implemented on November 29, 2021.

“After three years without an across-the-board rate adjustment, this increase is a necessary step to ensure we can continue to meet the evolving needs of our customers while delivering the highest levels of service and operational excellence,” said Thu Vu, Director of Pricing. “As part of Roadrunner’s commitment to long-term, sustainable growth, this adjustment will enable us to enhance our capabilities, maintain industry-leading service levels, and continue investing in our award-winning network.”

The general rate increase will be applied across select lanes, adjusted in line with operational requirements. The GRI will affect each customer differently, depending on their specific shipping lanes and total distance traveled. In addition to the rate increase, several accessorial charges in the Roadrunner 100 Rules Tariff will also be implemented. These adjustments reflect rising operational costs and will support enhancements to the company’s comprehensive service offerings.

Commitment to Service Excellence and Innovation

Since 2020, Roadrunner has prioritized on-time delivery and superior service quality. The company is proud to have built one of the industry’s most reliable networks, consistently achieving on-time performance and expedited service that exceeds customer expectations. In 2024, Roadrunner achieved the highest jump in Net Promoter Score (NPS) and Customer Value Index score of any company as ranked by Mastio, the industry’s most recognizable operational audit and reputation survey. The rate increase will help support their prominent level of service as they continue to expand and improve their infrastructure.

In the coming year, Roadrunner will further strengthen its industry-leading direct metro-to-metro network, ensuring faster and more reliable connections between major metropolitan areas across North America. The company is also investing heavily in innovative technologies and automation, driving efficiency and enhancing the customer experience. Their commitment to innovation will continue to set them apart as they build a best-in-class transportation network, designed to meet the growing demands of the modern supply chain.

“Our investments in technology, automation, and infrastructure are aimed at creating a seamless, more efficient experience for our customers,” added Vu. “By focusing on innovation and expanding our capabilities, we are positioning Roadrunner for future growth and reinforcing our commitment to providing unparalleled value and service.”

Next Steps

For more details on how the general rate increase and accessorial charge adjustments may impact your shipments, please visit Roadrunner or contact your Roadrunner account representative.

About Roadrunner
Roadrunner offers more direct long-haul metro-to-metro shipping than any other nationwide LTL carrier in the United States. With nationwide presence and terminals across 40+ metro markets, the company’s Smart Network™ is the preferred choice for shippers looking to move freight quickly and reliably. With Driver Teams executing Over-the-Road (OTR) moves and no freight moving on rail, their customers enjoy industry-leading transit times. The award-winning operations platform is fueled by AI and ML technology assuring integrity of custodial controls of freight and real-time tracking and visibility. Direct routing eliminates the need for rehandles and freight handovers and hence reduces the risk of loss or damage.   

More than 1,000 drivers leverage the Roadrunner Smart Network™ to empower their businesses and are fiscally motivated to deliver freight on time, intact, and damage free. Roadrunner was recognized by Newsweek™ as one of America’s Most Trustworthy Companies in 2022. (PINK: RRTS) 

To learn more about shipping with Roadrunner: https://www.roadrunnerLTL.com   

Explore careers in sales, operations, and technology at Roadrunner: https://www.shiproadrunnerfreight.com/careers/work-with-us/   
  
To drive for Roadrunner as Owner Operators and Teams: https://run4roadrunner.com/  

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SOURCE Roadrunner

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Illumina and NVIDIA collaborate to decode biology and propel precision health

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Collaboration combines Illumina’s sequencing technologies and Illumina Connected Software with NVIDIA tools to develop biological foundation models

SAN DIEGO, Jan. 13, 2025 /PRNewswire/ — Illumina, Inc. (NASDAQ: ILMN), a global leader in genomic sequencing and analysis, today announced it is collaborating with NVIDIA to advance technology platforms for the analysis and interpretation of multiomic data, accelerating progress in clinical research, genomics AI development, and drug discovery.

To optimize analysis of the vast amounts of data involved in multiomic research, Illumina and NVIDIA will combine advancements in AI with multiomic data at scale. Leveraging Illumina’s leading sequencing technology and informatics tools alongside NVIDIA’s leading AI technology, the partnership aims to accelerate drug discovery and clinical development, delivering powerful tools to help pharmaceutical companies identify new and better drug targets.

Illumina’s leading sequencing technology—as well as its menu of DRAGEN-powered multiomics offerings, genomics AI tools, and Illumina Connected Analytics platform—has streamlined genomic data generation and analysis. Illumina has invested in AI for genomic interpretation, developing the leading SpliceAI, PrimateAI-3D, and Emedgene xAI algorithms.

Now, in addition to its own efforts, Illumina will look to expand its customer offerings with models developed by the NVIDIA Biology Foundation Model Research Team and partners. Customers will also be able to leverage these models with their own proprietary datasets to improve the performance for biologically relevant tasks of interest, such as cell state or gene transcription prediction.

With this new partnership, the global R&D community can tap into rich genomic data by integrating NVIDIA RAPIDS™ accelerated data science software with the NVIDIA BioNeMo™ platform’s generative AI models and fine-tuning capabilities for proprietary datasets, as well as MONAI for spatial cell imaging workflows. Illumina and NVIDIA will work to make these tools accessible on the Illumina Connected Analytics platform.

“Over the past 20 years, Illumina has democratized sequencing, and with the progress in AI and multiomic analysis, we are enabling customers to derive novel insights for their applications,” said Rami Mehio, head of global software and informatics at Illumina. “This collaboration with NVIDIA moves us closer to that vision. This is also part of our commitment to continue to enrich our analysis and interpretation tools that will enable deeper biological insights, delivering total workflow solutions for our customers.”

“AI and data science will find their most profound application in genomics,” said Rory Kelleher, senior director, global head of Business Development, Healthcare and Life Sciences at NVIDIA. “Combining Illumina’s world-leading sequencing and analytics platforms with NVIDIA’s accelerated computing and AI, we will drive the next generation of genomics interpretation and democratize genomics for drug discovery through AI-powered insights.”

In the first phase of the collaboration, Illumina and NVIDIA will work toward enabling DRAGEN algorithms on NVIDIA GPUs. Bringing Illumina DRAGEN to NVIDIA accelerated computing will expand the accessibility of Illumina multiomics analysis. The two companies will also work to incorporate NVIDIA’s image processing and single-cell tertiary analysis tools onto the Illumina Connected Software multiomics module.

Use of forward-looking statements

This release may contain forward-looking statements that involve risks and uncertainties. Among the important factors to which our business is subject that could cause actual results to differ materially from those in any forward-looking statements are: (i) challenges inherent in developing and launching new products and services, including modifying and scaling manufacturing operations, and reliance on third-party suppliers for critical components; (ii) our ability to manufacture robust instrumentation and consumables; and (iii) the acceptance by customers of our newly launched products, which may or may not meet our and their expectations, together with other factors detailed in our filings with the Securities and Exchange Commission, including our most recent filings on Forms 10-K and 10-Q, or in information disclosed in public conference calls, the date and time of which are released beforehand. We undertake no obligation, and do not intend, to update these forward-looking statements, to review or confirm analysts’ expectations, or to provide interim reports or updates on the progress of the current quarter.

About Illumina

Illumina is improving human health by unlocking the power of the genome. Our focus on innovation has established us as a global leader in DNA sequencing and array-based technologies, serving customers in the research, clinical, and applied markets. Our products are used for applications in the life sciences, oncology, reproductive health, agriculture, and other emerging segments. To learn more, visit illumina.com and connect with us on X, Facebook, LinkedIn, Instagram, TikTok, and YouTube.

Contacts 

Investors:
Salli Schwartz
858-291-6421
IR@illumina.com

Media:
Christine Douglass
PR@illumina.com

 

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SOURCE Illumina, Inc.

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Mathnasium Launches New 3-Month Courses: Numerical Fluency & SAT® and ACT® Test Prep

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Leader in math-focused education introduces courses to build foundational skills for young learners and prepare high schoolers for college exams

LOS ANGELES, Jan. 13, 2025 /PRNewswire/ — Mathnasium Learning Centers, an internationally known franchise with over 1,100 math learning centers worldwide, is proud to announce two new opportunities for students to take advantage of Mathnasium’s proven curriculum and receive essential math skills in a hyper-focused 3-month course.

Our new 3-month numerical fluency course offers young students personalized support in a fun and engaging environment

3-Month Numerical Fluency Course
This course focuses on addition, subtraction, multiplication, and division for elementary school students. When they can easily recall these math facts, they have achieved Numerical Fluency, which is critical for a strong math foundation. Through personalized instruction students learn:

Critical thinking skills that take them beyond strict memorization of factsTo rely on their knowledge rather than inefficient techniques such as finger countingNew skills that give them confidence to tackle what comes next in higher grades

3-Month SAT and ACT Test Prep Course
This course is tailored for high school students, with the goal of enhancing their college entrance exam scores. Utilizing proven test-prep materials developed by math experts through years of research, the program equips students with the specific math skills needed for success on the SAT and ACT. Highlights include:

Practice tests that mirror actual exam questions, helping students navigate various problem types and contentExpert instructors focused on developing essential problem-solving abilitiesRepeated practice opportunities to reduce test anxiety and build confidence

“At Mathnasium, we recognize that establishing a solid math foundation early is essential for future success. Our new 3-month numerical fluency course offers young students personalized support in a fun and engaging environment, helping them develop their math skills and confidence,” said Tyler Sgro, CEO of Mathnasium. “Additionally, we’re excited to offer our proven test-prep curriculum in a focused 3-month program for high school students, preparing them effectively for the SAT and ACT. These initiatives are part of our ongoing effort to support students on their path to long-term achievement in math.”

Mathnasium Learning Centers specializes in math-only tutoring and is committed to providing the world’s best instruction. The goal: teach children math in a way that makes sense to them. For decades, the Mathnasium Method™ has transformed the way kids learn math — building students’ understanding of math concepts through personalized instruction and customized learning plans — all while producing tremendous results and helping students achieve their full potential — ­­in math and in life.

“Our programs are crafted to empower students at every level through personalized instruction that builds confidence and mastery in essential math concepts,” said John Bianchette, Vice President of Education and Training. “We focus on nurturing a strong sense of self-assurance and reducing test anxiety, helping students develop a deep understanding of fundamental skills that set them up for future success.”

Mathnasium has seen a notable rise in student enrollments, spurred by the increased need for supplemental education amid falling math scores since the pandemic. Recent data from the  Northwest Evaluation Association (NWEA) indicates that academic progress has slowed to below pre-pandemic levels, with achievement gaps expanding and, in some cases, reaching new lows.

To learn more about Mathnasium’s 3-month courses for elementary students, please visit: https://www.mathnasium.com/elementary-school.

For information on Mathnasium’s 3-month SAT/ACT test prep course, please visit: https://www.mathnasium.com/math-test-preparation.

About Mathnasium
Mathnasium Learning Centers is North America’s leading math-only supplemental education franchise. Since 2002, the Mathnasium Method™ — the result of decades of hands-on instruction and development — has been transforming the lives of children in grades K-12 by offering comprehensive assessments, fully individualized learning plans, and teaching true math comprehension. With more than 1,100 learning centers worldwide in 11 countries, Mathnasium has been named on Franchise Business Review’s Top 200 list 4 years in a row. The franchise has also been ranked on Entrepreneur Magazine’s list of top 500 franchises 18 times since 2004. For more information about Mathnasium franchise opportunities, visit https://mathnasiumfranchise.com/.

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SOURCE Mathnasium Learning Centers

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