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Global Vehicle Telematics Market Size, Share, Forecast: By Service: Safety and Security, Fleet/Asset Management, Information and Navigation, Insurance Telematics, Infotainment System, Others; By Technology: Embedded, Integrated, Tethered; By Vehicle Type; By Sales Channel; Regional Analysis; Competitive Landscape; 2023-2028
Global Vehicle Telematics Market Outlook
The global vehicle telematics market size is expected to grow at a CAGR of 15.60% between 2023 and 2028. The market is being driven by increasing sales of vehicles and growing awareness pertaining to advantages of vehicle telematics.
Key Trends in the Market
Vehicle telematics refer to a combination of advanced technologies including GPS, onboard vehicle diagnostics, and wireless devices that are used to collect data from the vehicle, derive insights, and transmit accordingly. Aspects such as vehicle speed, location, requirement of maintenance, and servicing needs, among others, are often monitored by vehicle telematics.
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- Rising demand for quick cab services, growing expansion of freight transportation services, and increasing dependence of the urban population on delivery services are escalating the application of GPS technology, thereby adding to the vehicle telematics market growth.
- Growing usage of portable smart devices such as smartphones and tablets are likely to add capabilities to vehicle telematics systems which can help users better understand the maintenance needs of their vehicle. This factor is likely to diffuse awareness about the importance of vehicle telematics.
- Increasing sale of luxury passenger and light and heavy commercial vehicles, owing to rising disposable incomes, expansion of car companies, robust urban growth, and thriving transportation sector across the emerging economies, is a crucial vehicle telematics market trend.
Market Analysis
Based on service, the market is segmented into safety and security, fleet/asset management, information and navigation, insurance telematics, and infotainment system, among others. On the basis of technology, the market is classified into embedded, integrated, and tethered. By vehicle type, the market is categorised into passenger cars and commercial vehicles. Based on sales channel, the market is bifurcated into OEM and aftermarket. The regional markets for vehicle telematics are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global vehicle telematics market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Samsara Inc.
- MiX Telematics International (Pty) Ltd
- Trimble Inc.
- Verizon Connect
- Zonar Systems, Inc.
- Octo Group S.p.A
- HARMAN International
- Visteon Corporation
- Aplicom Oy
- Scorpion Automotive Ltd
- Others
Market Share by Services
The fleet/asset management segment, based on services, accounts for a healthy share of the vehicle telematics market. Expansion of fleets globally, with more companies investing in logistics and transportation, is leading to an increased demand for efficient management of vehicles and suitable monitoring of drivers. Fleet/asset management services of vehicle telematics provide useful asset information which can enable the analysis of driver behaviour, consumption of fuel, and diagnostic trouble codes (DTC), to optimise the performance of a vehicle. Over the forecast period, the fleet/asset management segment is likely to gain traction among the fleet operators to reduce engine errors and to combat poor driving habits.
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Market Share by Region
North America occupies a significant share of the global vehicle telematics market, supported by well-established automotive network, and growing focus on vehicular safety, passenger security, and prevention of accidents. The strong foothold of renowned fleet management solution providers in countries like the United States and Canada are further contributing to the market expansion. Early adoption of new technologies by consumers and rising disposable income are leading to more users investing in vehicles with telematics. Favourable initiatives of governments in the region, aimed towards escalating the incorporation of telematics technology in commercial and passenger vehicles, are enlarging the opportunities for the market for vehicle telematics.
Competitive Landscape
Samsara Inc. is a leading software company which offers IoT technology to various end use sectors including transportation, food and beverage, and government, among others. The company was founded in 2015 and is headquartered in California, United States.
MiX Telematics International (Pty) Ltd is a global provider of fleet and mobile asset management solutions. Established in 1996 and currently headquartered in Stellenbosch, South Africa, the product portfolio of this company includes enterprise and small fleets.
Trimble Inc., founded in 1978 and headquartered in Colorado in the United States, is a prominent provider of software, hardware, and technology services. The company offers transformative solutions to various end users, helping them thrive.
Other market players include Verizon Connect, Zonar Systems, Inc., Octo Group S.p.A, HARMAN International, Visteon Corporation, Aplicom Oy, and Scorpion Automotive Ltd, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Service |
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| Breakup by Technology |
|
| Breakup by Vehicle Type |
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| Breakup by Sales Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Vehicle Telematics Market Analysis
8.1 Key Industry Highlights
8.2 Global Vehicle Telematics Historical Market (2018-2022)
8.3 Global Vehicle Telematics Market Forecast (2023-2028)
8.4 Global Vehicle Telematics Market by Service
8.4.1 Safety and Security
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Fleet/Asset Management
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Information and Navigation
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Insurance Telematics
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.4.5 Infotainment System
8.4.5.1 Historical Trend (2018-2022)
8.4.5.2 Forecast Trend (2023-2028)
8.4.6 Others
8.5 Global Vehicle Telematics Market by Technology
8.5.1 Embedded
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Integrated
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Tethered
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.6 Global Vehicle Telematics Market by Vehicle Type
8.6.1 Passenger Cars
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Commercial Vehicles
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.7 Global Vehicle Telematics Market by Sales Channel
8.7.1 OEM
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Aftermarket
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.8 Global Vehicle Telematics Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2022)
8.8.1.2 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2022)
8.8.2.2 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2022)
8.8.3.2 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2022)
8.8.4.2 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2022)
8.8.5.2 Forecast Trend (2023-2028)
9 North America Vehicle Telematics Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Vehicle Telematics Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Vehicle Telematics Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Vehicle Telematics Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Vehicle Telematics Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Samsara Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 MiX Telematics International (Pty) Ltd
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Trimble Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Verizon Connect
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Zonar Systems, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Octo Group S.p.A
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 HARMAN International
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Visteon Corporation
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Aplicom Oy
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Scorpion Automotive Ltd
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Vehicle Telematics Market: Key Industry Highlights, 2018 and 2028
2. Global Vehicle Telematics Historical Market: Breakup by Service (USD Million), 2018-2022
3. Global Vehicle Telematics Market Forecast: Breakup by Service (USD Million), 2023-2028
4. Global Vehicle Telematics Historical Market: Breakup by Technology (USD Million), 2018-2022
5. Global Vehicle Telematics Market Forecast: Breakup by Technology (USD Million), 2023-2028
6. Global Vehicle Telematics Historical Market: Breakup by Vehicle Type (USD Million), 2018-2022
7. Global Vehicle Telematics Market Forecast: Breakup by Vehicle Type (USD Million), 2023-2028
8. Global Vehicle Telematics Historical Market: Breakup by Sales Channel (USD Million), 2018-2022
9. Global Vehicle Telematics Market Forecast: Breakup by Sales Channel (USD Million), 2023-2028
10. Global Vehicle Telematics Historical Market: Breakup by Region (USD Million), 2018-2022
11. Global Vehicle Telematics Market Forecast: Breakup by Region (USD Million), 2023-2028
12. North America Vehicle Telematics Historical Market: Breakup by Country (USD Million), 2018-2022
13. North America Vehicle Telematics Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Europe Vehicle Telematics Historical Market: Breakup by Country (USD Million), 2018-2022
15. Europe Vehicle Telematics Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Asia Pacific Vehicle Telematics Historical Market: Breakup by Country (USD Million), 2018-2022
17. Asia Pacific Vehicle Telematics Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Latin America Vehicle Telematics Historical Market: Breakup by Country (USD Million), 2018-2022
19. Latin America Vehicle Telematics Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Middle East and Africa Vehicle Telematics Historical Market: Breakup by Country (USD Million), 2018-2022
21. Middle East and Africa Vehicle Telematics Market Forecast: Breakup by Country (USD Million), 2023-2028
22. Global Vehicle Telematics Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 15.60% between 2023 and 2028.
The heightening adoption of advanced vehicle telematics to overcome driving challenges, increasing sale of luxury passenger and light and heavy commercial vehicles, and growing awareness pertaining to efficient vehicle telematic solutions are the major drivers of the market.
The key trends in the market include the rising demand for quick cab services, growing expansion of freight transportation services, increasing dependence of the urban population on delivery services, and growing adoption of portable smart devices.
Safety and security, fleet/asset management, information and navigation, insurance telematics, and infotainment system, among others, are the different services of vehicle telematics in the market.
Embedded, integrated, and tethered are the major technologies of vehicle telematics in the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the major regions in the market.
The primary sales channels for vehicle telematics are OEM and aftermarket.
Samsara Inc., MiX Telematics International (Pty) Ltd, Trimble Inc., Verizon Connect, Zonar Systems, Inc., Octo Group S.p.A, HARMAN International, Visteon Corporation, Aplicom Oy, and Scorpion Automotive Ltd, among others, are the key players in the vehicle telematics market, according to the report.
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