Global Vehicle Telematics Market

Vehicle Telematics Market Size, Share, Growth Analysis, By Sales channels(OEMS and aftermarket), By Form(Embedded, integrated), By Services(Emergency Call, Remote Diagnostics, Stolen Vehicle Assistance (Stolen Vehicle Tracking, Stolen Vehicle Support), By Connectivity(Satellite, Cellular (3g,4g,5g)), By Vehicle type(Passenger car, light commercial vehicles, truck and buses, heavy commercial vehicle), By Fleet management services(Fleet Tracking and Geofencing, Routing and Scheduling, Vehicle Maintenance and Diagnostics, Fleet Analytics and Reporting), By Region - Industry Forecast 2024-2031

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

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.

$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 7.40 Billion in 2022 and is poised to grow from USD 8.15 Billion in 2023 to USD 17.59 Billion by 2031, at a CAGR of 10.1% 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) ', '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) '

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.

Click here right-arrow
logo-images

Related Reports

Telemedicine Equipment Market
Buy Now GET FREE SAMPLE
Teleradiology Market
Buy Now GET FREE SAMPLE
Internet Of Vehicle Market
Buy Now GET FREE SAMPLE
Telemedicine Technologies Market
Buy Now GET FREE SAMPLE
Vehicle Intercom System Market
Buy Now GET FREE SAMPLE
Teledentistry Market
Buy Now GET FREE SAMPLE
Network Telemetry Market
Buy Now GET FREE SAMPLE
Telemedicine Market
Buy Now GET FREE SAMPLE

Feedback From Our Clients

Global Vehicle Telematics Market

Report ID: SQMIG25C2081

$5,300
BUY NOW GET FREE SAMPLE