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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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The Great Reset, the First Photorealistic AI Film Makes History at the Cannes Film Festival

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The film produced entirely with artificial intelligence positions Spanish filmmaker Daniel H. Torrado as a pioneer in a new era of cinema.

CANNES, France, May 23, 2025 /PRNewswire/ — Following its screening at the European Film Market of the Berlin International Film Festival (Berlinale) last February, the apocalyptic sci-fi thriller ‘The Great Reset’ has been presented at the Cannes Film Festival’s Marché du Film. It is the first time that a feature film created with artificial intelligence (AI) has been presented at the world’s leading professional film market, where it has aroused significant interest among distributors and specialised media.

The work, written and directed by award-winning filmmaker Daniel H. Torrado, is both a narrative and technological milestone and positions the Spanish filmmaker as a pioneer in a new era of cinema.

The innovative impact of ‘The Great Reset’ has been recognised by the prestigious specialist magazine The Hollywood Reporter, which dedicated in its special edition on the Cannes Film Festival an article entitled ‘Spain tests the waters of artificial intelligence’. The article highlights the pioneering role of the film and especially Torrado’s participation in the advances of artificial intelligence in the audiovisual field.

It is a production of the companies Virtual World Pictures and Canary Film Factory.

The project began in 2023 with the writing of the script. Over the last year, the AI workflow has been designed and optimised, including fine-tuning of the models, to ensure full control over the creativity of the material generated. Although the entire film was computer generated, and all sets and characters were created digitally, some scenes used actors as reference for acting and dubbing.

AI was involved in all stages of production and post-production, from image and animation generation to sound design, but always with human supervision.

“We are very proud to present The Great Reset at the Cannes Film Festival’s Marché du Film, a space where the most innovative ideas in contemporary cinema converge. It will undoubtedly be a key impulse to introduce the world to this story that explores not only the narrative potential of AI, but also its ability to transform the film industry,” said Torrado.

In the film, an artificial intelligence, created from the mind of an unscrupulous hacker, sets in motion an apocalyptic plan to destroy the world in order to save the only person he has ever loved: his daughter. Faced with the collapse of humanity and the echoes of a broken past, Emma embarks on a desperate race to save the world.

Trailer: https://vimeo.com/1082697453/30033a63b9

Media Contact:
Jose Hernandez, Virtual World Pictures
***@virtualworldpictures.com
+34 604 96 44 72

Photos:
https://www.prlog.org/13076582

Press release distributed by PRLog

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SOURCE Virtual World Pictures

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GreenPower Announces Results of Annual General and Special Meeting and Appointment of Officers

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VANCOUVER, BC, May 23, 2025 /CNW/ — GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) (the “Company”), a leading manufacturer and distributor of purpose-built, all-electric, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, announces the results of the Annual General and Special Meeting (AGM) that was held today.

The shareholders elected all of management’s director nominees being Mark Achtemichuk, Fraser Atkinson, Malcolm Clay, Sebastian Giordano, David Richardson and Brendan Riley.

The shareholders also re-approved the Company’s 2022 Equity Incentive Plan and appointed BDO Canada LLP as the Company’s auditors for the ensuing fiscal year.

Following the AGM the Directors of the Company appointed the following officers of the Company for the ensuing year:  Fraser Atkinson – Chairman and Chief Executive Officer, Brendan Riley – President and Michael Sieffert – Chief Financial Officer and Corporate Secretary.

Contact

Fraser Atkinson, CEO 
(604) 220-8048

About GreenPower Motor Company Inc.
GreenPower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo vans and a cab and chassis. GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose-built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. GreenPower was founded in Vancouver, Canada with primary operational facilities in southern California. Listed on the Toronto exchange since November 2015, GreenPower completed its U.S. IPO and NASDAQ listing in August 2020. For further information go to www.greenpowermotor.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. © 2025 GreenPower Motor Company Inc. All rights reserved.

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SOURCE GreenPower Motor Company

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Caris Life Sciences Files Registration Statement for Proposed Initial Public Offering

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IRVING, Texas, May 23, 2025 /PRNewswire/ — Caris Life Sciences® (“Caris”), a leading, patient-centric, next-generation AI TechBio company and precision medicine pioneer, today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (“SEC”) relating to a proposed initial public offering of its Class A common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Caris has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “CAI.”

BofA Securities, J.P. Morgan and Goldman Sachs & Co. LLC will act as lead book-running managers for the proposed offering. Citigroup will also act as a book-running manager for the proposed offering. TD Cowen, Evercore ISI and Guggenheim Securities will act as additional book-running managers for the proposed offering. BTIG and Wolfe | Nomura Alliance will act as co-managers for the proposed offering.

The proposed offering will be made available only by means of a prospectus. Copies of the preliminary prospectus, when available, may be obtained from: BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255, Attention: Prospectus Department or by email: dg.prospectus_requests@bofa.com; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by email: prospectus-eq_fi@jpmchase.com; or Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, New York 10282 or by email: prospectus-ny@ny.email.gs.com.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Caris Life Sciences
Caris Life Sciences® (Caris) is a leading, patient-centric, next-generation AI TechBio company and precision medicine pioneer that is actively developing and commercializing innovative solutions to transform healthcare. Through comprehensive molecular profiling (Whole Exome and Whole Transcriptome Sequencing) and the application of advanced AI and machine learning algorithms at scale, Caris has created the large-scale, multimodal clinico-genomic database and computing capability needed to analyze and further unravel the molecular complexity of disease. This convergence of next-generation sequencing, AI and machine learning technologies, and high-performance computing provides a differentiated platform to develop the latest generation of advanced precision medicine diagnostic solutions for early detection, diagnosis, monitoring, therapy selection and drug development.

Caris was founded with the belief and vision that combining a vast set of consistently generated molecular information with robust data-driven insights could realize the potential of precision medicine for patients. Headquartered in Irving, Texas, Caris has offices in Phoenix, New York, Cambridge (MA), Tokyo, Japan and Basel, Switzerland. Caris or its distributor partners provide services in the U.S. and other international markets.

Caris Life Sciences Media:
Corporate Communications
CorpComm@CarisLS.com
214.294.5606

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SOURCE Caris Life Sciences

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