Vehicle Telematics Market Report 2025 (Global Edition)

Global Vehicle Telematics Market Report 2025 Market Size Split by Services (Emergency Call, Stolen Vehicle Assistance, Stolen Vehicle Tracking, Stolen Vehicle Slowdown, Remote Ignition Block, Theft Al...

Vehicle Telematics Market Report Description

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Vehicle Telematics Market Insights Video

Competitive Landscape of the Vehicle Telematics Market

The Vehicle Telematics Market's competitive landscape is dynamic and diverse, with several important competitors competing to provide novel products and services. These firms are constantly striving to improve their offerings by adding cutting-edge technologies such as IoT, AI, and big data analytics to deliver comprehensive telematics solutions that increase operational efficiency, driver safety, and overall fleet management. The competitive landscape is defined by continual technology breakthroughs, strategic collaborations, and a focus on customer-centric solutions to fulfill the market's changing needs and stay ahead in the competitive telematics business.

July 2022, Edelweiss General Insurance, a renowned insurance company, has launched SWITCH on-demand comprehensive vehicle insurance products in India as part of the IRDIA Sandbox program. SWITCH is a mobile telematics vehicle policy that detects motion and initiates insurance while driving. (Source: https://timesofindia.indiatimes.com/auto/news/edelweiss-general-insurance-launches-indias-first-mobile-telematics-based-motor-insurance-details-explained/articleshow/92649815.cms) June 2022, Geotab, a well-known provider of loT and connected transportation solutions, has announced a collaboration with Renault to incorporate vehicle telematics technologies into the MyGeotab fleet management platform. (Source: https://www.geotab.com/uk/press-release/geotab-mobilisights/)

Top Companies Market Share in Vehicle Telematics Industry: (In no particular order of Rank)

• Robert Bosch GmbH (Germany)
• Webfleet Solutions B.V. (Netherlands)
• Mix Telematics (South Africa)
• Trimble (U.S.)
• Verizon (U.S.)
• Zonar Systems (U.S.)
• Octo Group S.p.A (Italy)
• Microlise Telematics Pvt. Ltd. (U.K.)
• Harman International (U.S.)
• AT&T (U.S.)
• TomTom N.V. (Netherlands)
• Visteon Corporation (U.S.)
• Telefonica S.A (Spain)
• Aptiv PLC (Ireland)
• Geotab Inc. (Canada)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Vehicle Telematics Market

Which Region Dominates the Vehicle Telematics Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to technology companies' increased attention on expanding existing telematics-enabled passenger vehicle systems. For instance, in February 2022, Zonar Systems, Inc., a US-based technology provider, partnered with SRM Technologies Private Ltd. to provide next-generation technology and digital transformation telematics services for light-duty vehicles, which improves vehicle uptime and aftermarket part sales.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Vehicle Telematics market due to several compelling reasons. ? Consumer interest for affordable aftermarket car telematics systems is growing in Asia Pacific's emerging economies, such as China and India. Furthermore, the government's emphasis on the development of cellular connectivity networks and increasing internet penetration even in distant areas of the country is significantly contributing to a large share of the category.

 

The current report Scope analyzes Vehicle Telematics Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Vehicle Telematics

According to Cognitive Market Research, the global Vehicle Telematics market size was estimated at USD 8958.5 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 3583.40 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.8% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Vehicle Telematics market with a market size of USD 2827.30 million in 2024 and is projected to grow at a CAGR of 10.6% during the forecast period. The United States and Canada both have significant roles in the Vehicle Telematics market. In the US, the market is driven by a high demand for connected cars, fleet management solutions, and advancements in telematics technology.
• The Canada Vehicle Telematics market had a market share of USD 430.01 million in 2024 and is projected to grow at a CAGR of 11.6% during the forecast period. Technological advancements in telematics systems also contribute to the growth of the market in Canada.
• The Mexico Vehicle Telematics market is projected to witness growth at a CAGR of 11.3% during the forecast period, with a market size of USD 326.09 million in 2024.

Europe Vehicle Telematics

According to Cognitive Market Research, the global Vehicle Telematics market size was estimated at USD 8958.5 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 2687.55 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.1% from 2024 to 2031.

• The United Kingdom Vehicle Telematics market had a market share of USD 451.51 million in 2024 and is projected to grow at a CAGR of 11.9% during the forecast period. In the UK, Vehicle Telematics sales witness an upswing due to the growing research activities in the region.
• The France Vehicle Telematics market is projected to witness growth at a CAGR of 10.3% during the forecast period, with a market size of USD 247.25 million in 2024.
• According to Cognitive Market Research, the Germany Vehicle Telematics market size was valued at USD 532.13 million in 2024 and is projected to grow at a CAGR of 11.3% during the forecast period. In Germany, Vehicle Telematics sales surged due to availability of massive untapped markets.
• The Italy Vehicle Telematics market is projected to witness growth at a CAGR of 10.5% during the forecast period, with a market size of USD 231.13 million in 2024.
• The Russia Vehicle Telematics market is projected to witness growth at a CAGR of 10.1% during the forecast period, with a market size of USD 416.57 million in 2024.
• The Spain Vehicle Telematics market is projected to witness growth at a CAGR of 10.2% during the forecast period with a market size of USD 220.38 million in 2024
• The Luxembourg Vehicle Telematics market is projected to witness growth at a CAGR of 11.2% during the forecast period, with a market size of USD 83.31 million in 2024.
• The Portugal Vehicle Telematics market is projected to witness growth at a CAGR of 10.9% during the forecast period, with a market size of USD 56.44 million in 2024.
• The Greece Vehicle Telematics market is projected to witness growth at a CAGR of 11.4% during the forecast period, with a market size of USD 32.25 million in 2024.
• Rest of Europe's Vehicle Telematics market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 416.57 million in 2024.

Asia Pacific Vehicle Telematics

According to Cognitive Market Research, the global Vehicle Telematics market size was estimated at USD 8958.5 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 2060.46 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.6% from 2024 to 2031.

• According to Cognitive Market Research, the China Vehicle Telematics market size was valued at USD 927.20 million in 2024 and is projected to grow at a CAGR of 14.1% during the forecast period. Vehicle Telematics sales surge in China due to rise in automotive facilities.
• The Japan Vehicle Telematics market is projected to witness growth at a CAGR of 13.1% during the forecast period, with a market size of USD 284.34 million in 2024.
• The India Vehicle Telematics market had a market share of USD 247.25 million in 2024 and is projected to grow at a CAGR of 16.4% during the forecast period. The Vehicle Telematics market in India is experiencing growth due to increasing demand for connected cars.
• The South Korea Vehicle Telematics market is projected to witness growth at a CAGR of 13.7% during the forecast period, with a market size of USD 206.05 million in 2024.
• The Australia Vehicle Telematics market is projected to witness growth at a CAGR of 14.3% during the forecast period, with a market size of USD 107.14 million in 2024.
• The South East Asia Vehicle Telematics market is projected to witness growth at a CAGR of 15.6% during the forecast period, with a market size of USD 142.17 million in 2024.
• The Rest of Asia Pacific Vehicle Telematics market is projected to witness growth at a CAGR of 14.4% during the forecast period, with a market size of USD 146.29 million in 2024.

South America Vehicle Telematics

According to Cognitive Market Research, the global Vehicle Telematics market size was estimated at USD 8958.5 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 447.93 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.0% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Vehicle Telematics market size was valued at USD 191.71 million in 2024 and is projected to grow at a CAGR of 12.6% during the forecast period. Vehicle Telematics sales flourish in Brazil due to the large population pool.
• Argentina Vehicle Telematics market had a market share of USD 75.25 million in 2024 and is projected to grow at a CAGR of 12.9% during the forecast period. Regulatory developments and technological advancements are further fueling the growth of the Vehicle Telematics market in Argentina.
• Colombia Vehicle Telematics market is projected to witness growth at a CAGR of 11.8% during the forecast period with a market size of USD 39.87 million in 2024.
• Peru Vehicle Telematics market is projected to witness growth at a CAGR of 12.2% during the forecast period with a market size of USD 36.73 million in 2024.
• Chile Vehicle Telematics market is projected to witness growth at a CAGR of 12.3% during the forecast period with a market size of USD 32.25 million in 2024.
• The Rest of Latin America Vehicle Telematics market is projected to witness growth at a CAGR of 11.1% during the forecast period, with a market size of USD 72.12 million in 2024.

Middle East Vehicle Telematics

According to Cognitive Market Research, the global Vehicle Telematics market size was estimated at USD 8958.5 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 179.17 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.3% from 2024 to 2031.

• The GCC Countries Vehicle Telematics market is projected to witness growth at a CAGR of 13.1% during the forecast period with a market size of USD 76.68 million in 2024. Vehicle Telematics sales flourish due to the advancements in telematics technology.
• The Egypt Vehicle Telematics market is projected to witness growth at a CAGR of 12.6% during the forecast period, with a market size of USD 18.81 million in 2024.
• The South Africa Vehicle Telematics market is projected to witness growth at a CAGR of 13.3% during the forecast period, with a market size of USD 28.31 million in 2024. Vehicle Telematics sales flourish in South Africa due to the regulatory initiatives promoting driver safety and operational efficiency.
• The Turkey Vehicle Telematics market is projected to witness growth at a CAGR of 11.8% during the forecast period, with a market size of USD 15.41 million in 2024.
• The Nigeria Vehicle Telematics market is projected to witness growth at a CAGR of 11.4% during the forecast period, with a market size of USD 18.81 million in 2024.
• The Rest of MEA Vehicle Telematics market is projected to witness growth at a CAGR of 11.3% during the forecast period, with a market size of USD 21.14 million in 2024.

Vehicle Telematics Market Analysis

Vehicle Telematics Market Services Segment Analysis

According to Cognitive Market Research, Emergency Call is the dominant section of the Vehicle Telematics Market. Emergency call systems are critical for protecting the safety and well-being of drivers and passengers by offering prompt assistance in the event of an accident or emergency.

Insurance Risk Assessment (Usage-Based Insurance) is the market's fastest-growing segment. This category uses telematics data to better assess driver behavior, vehicle usage, and other factors for determining insurance prices.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Vehicle Telematics Industry. Request a Free Sample PDF!

Vehicle Telematics Market Fleet Management Services Category Segment Analysis

According to Cognitive Market Research, Fleet Tracking and Geofencing hold the greatest market share in the Vehicle Telematics Market. This sector is critical for effectively tracking and managing fleets, guaranteeing vehicle safety, optimizing routes, and improving overall fleet operations.

Fleet Analytics and Reporting is the market's fastest-growing category. This category analyzes vehicle data to get insights into fleet performance, driver behavior, fuel efficiency, and overall operational efficiency. Fleet analytics and reporting are critical for businesses to make informed decisions about how to improve their fleet management strategies and efficiently cut costs.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Vehicle Telematics Vehicle Type Segment Analysis

According to Cognitive Market Research, the passenger car sector had the most market share in 2023. The segment's growth is expected to be driven by consumers' preference for telematics systems that offer innovative applications such as roadside assistance, emergency applications, real-time vehicle tracking, vehicle maintenance alerts, engine health, and other detailed vehicle insights.

The commercial vehicle segment is predicted to experience the fastest growth rate during the projection period. Commercial telematics refers to the systems and applications used to manage and monitor commercial vehicles using telecommunications equipment. The growing need for telematics for commercial vehicles, driven by the need for improved fleet tracking and observation, vehicle and driver safety, driver behavior monitoring, and real-time engine diagnostics, is propelling the industry forward.

• Passenger cars
• Light Commercial Vehicles
• Trucks
• Buses

Vehicle Telematics Form Segment Analysis

Form Segment Analysis

According to Cognitive Market Research, In 2023, the embedded segment contributed for approximately 60% of revenue. Embedded automobile telematics uses telecommunication equipment to send and receive data. Embedded car telematics systems include GPS navigation, a safety communications and emergency system, automatic driving assistance, and other functions.

The integrated automotive telematics category is expected to be the fastest growing during the projection period. The information from integrated automotive telematics is given through a smartphone application. It connects the vehicle and equipment to the Internet of Things..

• Embedded
• Integrated

Vehicle Telematics Connectivity Segment Analysis

Connectivity Segment Analysis

According to Cognitive Market Research, The Cellular technology sector now dominates the Vehicle Telematics Market. Cellular technology, including 4G/3G networks, is commonly utilized in vehicle telematics systems to facilitate communication and data transfer.

5G technology is the market's fastest-growing category. 5G technology provides higher data speeds, lower latency, and greater connectivity, making it suitable for enhanced car telematics..

• Satellite
• Cellular
• 5G
• 4G/3G

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Sumedha Gosavi

Research Associate at Cognitive Market Research

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