Vehicle Telematics Market Regional Analysis

Vehicle Telematics Market size was valued at USD 8.15 Billion in 2023 and is poised to grow from USD 8.97 Billion in 2024 to USD 19.37 Billion by 2032, growing at a CAGR of 10.1% during the forecast period (2025-2032).

Vehicle telematics companies should focus on expanding their business scope across multiple industry verticals in the future. Integration of advanced connectivity technologies to improve the scope of vehicle telematics will also be a key area of interest for all market players. Targeting the developing countries is forecasted to offer robust returns for all new as well as established vehicle telematics companies in the long run.   'Verizon Communications Inc. (United States) ', 'AT&T Inc. (United States) ', 'TomTom NV (Netherlands) ', 'Trimble Inc. (United States) ', 'MiX Telematics Ltd. (South Africa) ', 'Geotab Inc. (Canada) ', 'CalAmp Corp. (United States) ', 'Octo Telematics Ltd. (Italy) ', 'Gurtam (Belarus) ', 'Fleet Complete (Canada) ', 'Airbiquity Inc. (United States) ', 'Continental AG (Germany) ', 'Robert Bosch GmbH (Germany) ', 'Valeo S.A. (France) ', 'Denso Corporation (Japan) ', 'Aptiv PLC (Ireland) ', 'Qualcomm Incorporated (United States) ', 'Intel Corporation (United States) ', 'NXP Semiconductors N.V. (Netherlands) ', 'Panasonic Corporation (Japan) ', 'Inseego Corp. (United States) ', 'Verizon Connect (United States) ', 'In November 2023, a new vehicle telematics system was launched by Brigade Electronics. Aspects of driving such as speeding, sudden braking and rapid acceleration can be monitored using Brigade’s Vehicle Telematics solution to improve road and driver safety.  ', 'In September 2024, Bosch Global Software, KPIT, and Cummins joined hands to develop a new commercial vehicle telematics solution. The new open source offering is projected to be launched with the Eclipse Software Defined Vehicle project to reduce telematics development costs for commercial vehicles.  ', 'In October 2023, Nauto®, a leading provider of safety solutions for commercial vehicles announced the launch of its telematics capabilities. The new offering is aimed at vehicle tracking, utilization, misuse, and maintenance planning for commercial vehicles to enhance safety and provide better operational efficiency for fleet owners. '

A growing number of vehicle fleet owners are promoting the adoption of advanced vehicle telematics solutions to keep track and manage their fleets efficiently. By deploying fleet management solutions, companies are getting access to real-time tracking, route optimization, and fuel efficiency, reducing operational costs and improving productivity.

Use in Shared Mobility: Vehicle telematics providers should invest in developing specialized solutions for the shared mobility industry. Ride-sharing and car rental companies are gaining massive popularity around the world and the need for vehicle telematics to ensure smooth operations in the aforementioned businesses is quite high thereby making this a prominent vehicle telematics market trend for the future.   

North America is forecasted to emerge as the leader in terms of global vehicle telematics market outlook. Growing emphasis on vehicle safety in this region and imposition of stringent vehicle safety regulations are helping this region lead the demand for vehicle telematics. Rising popularity of connected vehicles and availability of a developed network infrastructure further bolster the adoption of vehicle telematics in this region. The United States and Canada are estimated to emerge as the most opportune markets for vehicle telematics providers operating in North America through 2031 and beyond.