Global Vehicle Telematics Market

Vehicle Telematics Market Size, Share, Growth Analysis, By Technology(Embedded, Tethered, Integrated), By Sales Channels(OEMS and Aftermarket), By Fleet management services(Fleet tracking and geofencing, Routing and scheduling, Others), By Services(Emergency call, Remote diagnostics and on road assistance), By Connectivity(Satellite, Cellular(3g,4g,5g)), By Region - Industry Forecast 2024-2031


Report ID: SQMIG25C2081 | Region: Global | Published Date: March, 2024
Pages: 223 |Tables: 142 |Figures: 80

Vehicle Telematics Market Insights

Global Vehicle Telematics Market size was valued at USD 77.75 billion in 2022 and is poised to grow from USD 87.74 billion in 2023 to USD 283.71 billion by 2031, growing at a CAGR of 15.80% during the forecast period (2024-2031). 

Due to the increasing usage of embedded technology, there is an increasing need for automobile telematics systems in both business and personal vehicles. Technology advancements like 5G, GPS tracking, the Internet of things (IoT), and artificial intelligence (AI) with the integration of telecommunication and informatics urge users to use more of this technology, particularly for fleet management. As embedded systems and external sensors advance, it is essential for decision-makers to utilise vehicle telematics more effectively in order to gain competitive advantages. Telematics in fleet management systems allow users to take charge of crucial business processes like mileage reporting and order and shipment management. In recent years, the telematics market for auto insurance has also grown. Insurance companies are increasingly using telematics to assess commute risk and driving behaviour. Only 2% to 3% of all insurance plans are currently telematics-based, but this segment of the market will grow significantly in the coming years. As an illustration, Cambridge Mobile Telematics (CMT), a provider of telematics services, stated on April 14, 2022, that it would offer automatic crash assistance and a digital claim service to the insurance provider HUK-COBURG. As businesses are required to keep an eye on these vehicles, the development of autonomous vehicles is also anticipated to result in a strong demand for the market. Autonomous vehicle development is being done by businesses like Tesla, Waymo, and Pony.ai.

US Vehicle Telematics Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 77.75 billion

Largest Segment

OEMS

Fastest Growth

OEMS

Growth Rate

15.80% CAGR

Global Vehicle Telematics Market ($ Bn)
Country Share for North America Region (%)

To get more reports on the above market click here to Buy The Report

Vehicle Telematics Market Segmental Analysis

Global Vehicle Telematics Market is segmented on the basis of technology, sales channels, vehicle type and region. By technology, the market is segmented into embedded, tethered, integrated. By sales channels, the market is segmented into oems and aftermarket. By vehicle type, the market is segmented into passenger cars and commercial vehicles. By fleet management serices market is segmented into Fleet tracking and geofencing, routing and scheduling, others. By services it is divided into Emergency call, remote diagnostics and on road assistance. By connectivity, satellite and cellular(3g,4g,5g)  By region, the market is segmented into North America, EuVehicle Telematics, Asia Pacific, Middle East and Africa, and Latin America.  

Analysis by Technology 

Embedded Telematics: Now think of one where telematics is literally embodied right into the car. Some of the telematics are installed during the production of the vehicle while others are added later; however, they are integrated within the vehicle infrastructure. This virtually means accurate real-time monitoring, security of data and several other aspects of the engines including fuel efficiency and even the behavior of the driver on the wheel. However, with the integration of the systems into laptops, palmtops, and other gadgets comes the following consequences. They have the disadvantage of having higher initial expenses where they can be installed during car manufacturing. 
 
Tethered Telematics: If you are looking for a cheaper solution of the car rental service, then you have come to the right place. Telematics attached to cars as they are the cheapest solution. These systems are designed with a connecting device that is fitted into a diagnostic port present in the car normally referred to as the OBD-II. It is easier to install an OBD device because one does not need to alter the electrical system of the car. The downside? Problems may occur due to compatibility concerning the make and model of the car because tethered systems use the car’s diagnostic system. Furthermore, some of those may also lack comprehensive data access compared to the evolutionary counterpart of embedded systems. 
 
Integrated Telematics: Perceive smartphones as the telematics companions. Integrated telematics rely greatly on smartphones to function as the gadgets through which collection and reporting of data is done. Such applications interface with the car’s Bluetooth or the OBD-II port to obtain the data. This way is quite suitable for the beginning, however, compared to embedded or tethered systems, functionality may be somewhat constrained. Smartphones should also considered in terms of battery life and possible issues concerning connectivity. 

Vehicle Telematics Market Analysis by Vehicle Type 

In 2022, the passenger car market share was the greatest. Telematics is a system that consumers want very much because of the quick change in consumer purchasing habits. During the projection period, the segment's growth will be driven by the increased demand for services that are related to convenience and safety, such as fuel & routing optimization, vehicle maintenance warnings, real-time tracking, and stolen-car recovery. 

It is projected that during the forecast period, the commercial vehicles segment will increase more quickly. In addition to improving safety and operations, fleet operators can increase uptime. Operators can run programmers to implement corrective actions and identify cost-saving opportunities with the use of telemetry technologies. The segment has had positive growth, which is ascribed to these causes. 

Vehicle Telematics Market Analysis by Sales Channel 

In 2022, the OEM market category accounted for the greatest market share. The advantages of factory-fitted telematics equipment are less fuss and low expense. Additionally, OEMs place a lot of emphasis on software. To improve the capabilities of its internal software, Mercedes-Benz created a new software center in 2022. To increase revenue from software-driven features, Stellates is looking to hire more software developers. As a result, the variety of usable data will likewise increase quickly. Therefore, a majority share of OEM solutions will result from these considerations in the market. 

During the projection period, the aftermarket segment is anticipated to increase in a promising manner. Installation, troubleshooting, and periodic replacement of outdated devices are all required for aftermarket solutions. They also need to be correctly reinstalled following each service, adding significantly to the logistical strain. Low-cost external gear is additionally more vulnerable to cybersecurity concerns. Therefore, the growth of the segment will be adversely affected by these issues. 

Vehicle Telematics Market Analysis by Fleet Management 

Fleet Tracking and Geofencing: Think about being able to monitor all your vehicles at once which is possible from a bird’s eye view. This becomes possible through the use of fleet tracking as well as geofencing. Facilitate tracking of the vehicle location as well as the status thus increasing the efficiency of dispatching. You can serve the customers in a faster way and monitor the safety of the drivers critically. Another control measure is provided by the geofencing. Frame virtual perimeters around defined spaces that are usually off-limits such as workplace, prohibited regions and the likes. Get real-time notifications based on specific zones; entry, exit, or when a vehicle is going off the right path to maintain authorized access and follow the set routes. 
 
Routing and Scheduling: Eliminate routing and scheduling doubts with the help of telematics. Such days with limited means and the helps of merely maps and, of course, intuition are no longer a present-day reality. Utilizing the traffic records of the past and present, and efficiently calculate the best routes for your vehicles. This means the use of lesser fuel in the vehicles, makes sure that drivers embark on their trips when it is most productive, and the consignments get to the intended places as expected. Stuck in places due to some causes like; Cycling and unexpected road closures in your way? No sweat. Telematics manage dynamic route plans, which maintain your fleets’ functionality and guarantee timely deliveries. 
 
Security Applications: Indeed, the concept of telematics is not limited to simple tracking of your fleet. It protects your automobiles and monitors your profitability as a car owner or as a company that deals with automobiles. With the help of telematics data, the issue of vehicle diagnostics and maintenance turns into a preventative measure. Provide useful information concerning the overall status of the car and its functioning, to help prevent early signs of deterioration from worsening. This ensures that regular maintainance is done to prevent breakdowns and the costs that come with it. Another piracy problem of the past is fuel theft. Unfortunately, business operators can easily siphon fuel hence the need for telematics that promptly alerts you of such malpractices. 

Vehicle Telematics Market Analysis by services  

Emergency Call (eCall/SOS): A person must feel like having a safety angel in his or her car. It is important to note that Emergency call systems often commonly known as eCall or SOS serve as one. Some of these integrate systems are incorporated in such a way that when an accident occurs, one is automatically connected to the emergency services. It relays such things as your current location, and your vehicle identification number, which means that first responders can get to the scene much quicker. It is the difference between life and death in critical conditions. eCall systems also make the drivers more responsible on the roads thus reduce the rate of accidents on roads. 
 
Remote Diagnostics: No more waiting for the car ‘check engine’ light to indicate a specific issue, against your logic. Telematics data is the basis of remote diagnostics offering you observable insights into your vehicle’s condition. It helps mechanics to assess problems that could likely happen in a car before developing into big problems. This makes it easy to have periodic checkups and have a problem solved before it worsens which can be expensive to have it solved and you end up having to buy a new car. In the same manner, since matters are detected and fixed at an initial stage, remote diagnostics are effective in reducing the time cars are off the road. This makes sure that fleets are always running and on-time deliveries or provision of services for passengers is not compromised. 
 
On-Road Assistance: It is time to forget about anxiety on the side of the road causing unexpected surprises. On-road assistance services can be described as measures in place in case of any unpleasant incident once on the road. Flat tire? Dead battery? No problem. These services are availed round the clock to ensure that you do not stay for long with a dysfunctional vehicle. Of course, text telematics data proves especially valuable in this regard. Criminals likewise have an advantage of identifying your vehicle and evaluating the circumstances hence increasing their ability of providing help and resolving your problem in the shortest time possible. 

Vehicle Telematics Market Analysis by connectivity 

Satellite: Think of having always access; this can be anywhere depending on where your journey is leading you. Satellite connection is particularly sweet when you are in an area of operation where the cellular network is poor or nonexistent. This guarantees continued flow of data making it important for use in areas such as disaster management or to monitor long distance vehicles which are in distant areas. However, when it comes to the data transmission speed through satellite it is slightly slower than the comparable cellular networks. This may be inconvenient for those application, for which updates are needed on time, for instance, traffic congestions or live video streaming for diagnostics over the remote connection. 
 
Cellular (3G, 4G, 5G): Cellular networks can be said to be the backbone of the telematics industry mainly because of their performance. They are characterized by widespread availability based on populated territories, which can be considered an advantage when choosing a connection type for most telematics markets. Dependability of the cellular connection guarantees the smooth flow of data and such things as live fleet positioning and updates. The downside? AT&T’s cellular coverage can be limited especially in far and distant places or areas where the signal reception is known to be poor. This can interfere with the signal and hence reduce the efficiency of telematics services in those particular areas. 

Global Vehicle Telematics Market By Sale Channels, 2022 (%)

To get detailed analysis on other segments, Request For Free Sample Report

Vehicle Telematics Market Regional Insights

Due to the widespread use of telematics by commercial vehicles in this area, particularly in the United States, the market in North America is anticipated to have the biggest revenue share in the worldwide vehicle telematics market during the projected period. Demand for telematics is rising throughout the region as a result of growing driver and passenger concerns about security and safety as well as accident avoidance. For instance, the U.S. Department of Air Force and Geotab worked together to install fleet management telematics technology in over 210,000 vehicles on January 10, 2022.

Due to a growing need for telematics solutions in fleet management, the Asia-Pacific market is anticipated to experience the quickest rate of revenue growth during the projected period. Because automakers are using navigation and real-time traffic information systems more frequently, China is the world's largest market for vehicle telematics. This technology is being used in automobiles by a number of recent start-ups in China.

Global Vehicle Telematics Market By Region, 2024-2031
  • Largest
  • Fastest

To know more about the market opportunities by region and country, click here to
Buy The Complete Report

Vehicle Telematics Market Dynamics

Vehicle Telematics Market Drivers

Increasing Safety concerns to Bolster market growth

  • Vehicle telematics delivers actionable data based on fleet vehicle movement that can enhance fleet safety programmers and aid in accident prevention. It allows users to receive updates on vehicle maintenance, driving habits, road conditions, emergency notifications, and other topics that promote safety and security. Due to its unstable environment and inadequate infrastructure, India sees a higher incidence of traffic accidents every year. By supplying real-time data, telematics helps prevent accidents by making the driver more careful. A study found that keeping an eye on drivers' well-being and driving habits significantly lowers fleet accidents by 80%. The need for car telematics is anticipated to rise along with increased safety concerns.
  • The Next-Generation Telematics Protocol (NGTP) is utilised to offer drivers and passengers seamless communication. It is created by WirelessCar and Connexis LLC, as well as the automaker BMW. This framework, which is supported by a very adaptable infrastructure, has been used by numerous automakers. Without altering any internal technological systems, customers can use NGTP to access new services. This enables original equipment manufacturers to provide fresh services for both new and used cars.

Vehicle Telematics Market Restraints

Suspicions over Data Theft to Hinder market growth

  • Vehicle telematics collect and store a variety of user data, which makes it susceptible to hacking and raises the likelihood of it. Additionally, some directives, like locking or unlocking doors and turning off engines, are also delivered to automobiles via telematics. The potential risk of the telematics system being hacked has grown over time, and this is what is anticipated to limit market revenue growth during the projection period.

Request Free Customization of this report to help us to meet your business objectives.

Vehicle Telematics Market Competitive Landscape

The global car telematics market is moderately fragmented in terms of competition, with a number of important competitors active on both a global and regional scale. Key competitors are working on technological advancements and forming strategic alliances to diversify their product lines and have a strong presence on the global market.

Vehicle Telematics Market Top Player’s Company Profiles

  • Verizon Communications Inc. (United States)
  • AT&T Inc. (United States)
  • TomTom NV (Netherlands)
  • Trimble Inc. (United States)
  • Masternaut (United Kingdom)
  • Teletrac Navman Group (United States)
  • MiX Telematics Ltd. (South Africa)
  • Zonar Systems, Inc. (United States)
  • Octo Telematics Ltd. (Italy)
  • Teletrac Inc. (United States)
  • Spireon Inc. (United States)
  • Gurtam (Belarus)
  • Fleet Complete (Canada)
  • Fleetmatics Group (Ireland)
  • Navman Wireless (United States)
  • Pointer Telocation Ltd. (Israel)
  • Ctrack (South Africa)
  • Telenav, Inc. (United States)
  • Airbiquity Inc. (United States)

Vehicle Telematics Market Recent Developments

  • In march 2024, Growing reliance on connected vehicle technology prompted discussions and initiatives regarding cybersecurity measures. This is crucial for protecting vehicles from potential hacking attempts. 

  • In jan 2024, The market witnessed consolidation with mergers and acquisitions between major telematics service providers and technology companies. This indicates a maturing market and a drive for enhanced service offerings 

  • In late 2023, Integration of telematics with electric vehicles gained momentum as manufacturers looked to improve battery management, optimize charging infrastructure, and provide real-time data for range monitoring. 

  • In May 2023, in order to provide telematics services to its fleet customers, Verizon and Geotab established a cooperation. Through the collaboration, Verizon will be able to provide its customers with a range of telematics solutions, such as fleet management, driver safety, and fuel efficiency.
  • In April 2023, the acquisition of Argus Cyber Security, a business that creates telematics security solutions, by Continental was announced. With the acquisition, Continental will be able to increase the scope of its telematics security offerings and provide consumers with a more complete package.
  • In March 2023, TomTom announced the debut of its brand-new telematics platform, TomTom Telematics. The software is made to assist companies in more effectively managing their fleets and enhancing driver security.

Vehicle Telematics Key Market Trends

  • The vehicle telematics industry is currently undergoing changes, influenced by notable trends that are shaping its future. One key trend is the increasing integration of driver assistance systems (ADAS), with telematics technologies. This integration allows vehicles not to collect data about their surroundings but to actively respond to it thereby improving safety and driving experiences. Modern vehicles are increasingly equipped with features such as lane keeping assistance, cruise control and collision avoidance systems.
  • Another important trend is the growing adoption of car services and applications. As consumers demand convenient driving experiences automakers are equipping vehicles with advanced infotainment systems, real time navigation capabilities and remote diagnostics features. The connectivity of vehicles further enhances these trends by enabling over the air updates and facilitating vehicle to infrastructure communication.
  • Additionally the vehicle telematics market is experiencing a surge in the utilization of data analytics and artificial intelligence (AI). The vast amount of data generated by telematics systems is now being leveraged to gain insights and predict maintenance requirements. Enhance overall vehicle performance. This data driven approach does not optimize fleet management. Also paves the way for more efficient and sustainable transportation solutions.

Vehicle Telematics Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analyses, the global vehicle telematics market has experienced significant growth in recent years, driven by various factors such as technological advancements, regulatory requirements, and increasing demand for safety and efficiency in the transportation industry. Vehicle telematics refers to the integration of telecommunications and informatics technologies to enable communication between vehicles and monitoring systems. The vehicle telematics market has been witnessing substantial growth due to the increasing adoption of connected vehicles and the growing need for efficient fleet management and driver safety solutions. Telematics systems provide real-time monitoring, tracking, and analysis of vehicle data, leading to improved safety, reduced operational costs, and enhanced overall vehicle performance.

Report Metric Details
Market size value in 2022 USD 77.75 billion
Market size value in 2031 USD 283.71 billion
Growth Rate 15.80%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Technology
    • Embedded, Tethered, Integrated
  • Sales Channels
    • OEMS and Aftermarket
  • Fleet management services
    • Fleet tracking and geofencing, Routing and scheduling, Others
  • Services
    • Emergency call, Remote diagnostics and on road assistance
  • Connectivity
    • Satellite, Cellular(3g,4g,5g)
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Verizon Communications Inc. (United States)
  • AT&T Inc. (United States)
  • TomTom NV (Netherlands)
  • Trimble Inc. (United States)
  • Masternaut (United Kingdom)
  • Teletrac Navman Group (United States)
  • MiX Telematics Ltd. (South Africa)
  • Zonar Systems, Inc. (United States)
  • Octo Telematics Ltd. (Italy)
  • Teletrac Inc. (United States)
  • Spireon Inc. (United States)
  • Gurtam (Belarus)
  • Fleet Complete (Canada)
  • Fleetmatics Group (Ireland)
  • Navman Wireless (United States)
  • Pointer Telocation Ltd. (Israel)
  • Ctrack (South Africa)
  • Telenav, Inc. (United States)
  • Airbiquity Inc. (United States)
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.

Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Vehicle Telematics Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Vehicle Telematics Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Vehicle Telematics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Vehicle Telematics Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Vehicle Telematics Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Vehicle Telematics Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Vehicle Telematics Market size was valued at USD 77.75 billion in 2022 and is poised to grow from USD 87.74 billion in 2023 to USD 283.71 billion by 2031, growing at a CAGR of 15.80% during the forecast period (2024-2031). 

The global car telematics market is moderately fragmented in terms of competition, with a number of important competitors active on both a global and regional scale. Key competitors are working on technological advancements and forming strategic alliances to diversify their product lines and have a strong presence on the global market. 'Verizon Communications Inc. (United States)', 'AT&T Inc. (United States)', 'TomTom NV (Netherlands)', 'Trimble Inc. (United States)', 'Omnitracs LLC (United States)', 'Masternaut (United Kingdom)', 'Teletrac Navman Group (United States)', 'MiX Telematics Ltd. (South Africa)', 'Geotab Inc. (Canada)', 'CalAmp Corp. (United States)', 'Zonar Systems, Inc. (United States)', 'Octo Telematics Ltd. (Italy)', 'Teletrac Inc. (United States)', 'Spireon Inc. (United States)', 'Gurtam (Belarus)', 'Fleet Complete (Canada)', 'Fleetmatics Group (Ireland)', 'Navman Wireless (United States)', 'Pointer Telocation Ltd. (Israel)', 'Ctrack (South Africa)', 'Telenav, Inc. (United States)', 'Airbiquity Inc. (United States)'

Vehicle telematics delivers actionable data based on fleet vehicle movement that can enhance fleet safety programmers and aid in accident prevention. It allows users to receive updates on vehicle maintenance, driving habits, road conditions, emergency notifications, and other topics that promote safety and security. Due to its unstable environment and inadequate infrastructure, India sees a higher incidence of traffic accidents every year. By supplying real-time data, telematics helps prevent accidents by making the driver more careful. A study found that keeping an eye on drivers' well-being and driving habits significantly lowers fleet accidents by 80%. The need for car telematics is anticipated to rise along with increased safety concerns.

The vehicle telematics industry is currently undergoing changes, influenced by notable trends that are shaping its future. One key trend is the increasing integration of driver assistance systems (ADAS), with telematics technologies. This integration allows vehicles not to collect data about their surroundings but to actively respond to it thereby improving safety and driving experiences. Modern vehicles are increasingly equipped with features such as lane keeping assistance, cruise control and collision avoidance systems.

Due to the widespread use of telematics by commercial vehicles in this area, particularly in the United States, the market in North America is anticipated to have the biggest revenue share in the worldwide vehicle telematics market during the projected period. Demand for telematics is rising throughout the region as a result of growing driver and passenger concerns about security and safety as well as accident avoidance. For instance, the U.S. Department of Air Force and Geotab worked together to install fleet management telematics technology in over 210,000 vehicles on January 10, 2022.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Vehicle Telematics Market

Product ID: SQMIG25C2081

$5,300
BUY NOW GET FREE SAMPLE