Commercial Vehicle Telematics Market Size, Trends Report Analysis By Component (Solution, Services), By Provider (OEM , Aftermarket), By End-use, By Region (North America, Europe, APAC, Latin America, MEA) And Segment Forecasts,
Published Date: May - 2025 | Publisher: MIR | No of Pages: 260 | Industry: electronic and semiconductor | Format: Report available in PDF / Excel Format
View Details Buy Now 2999 Download Sample Ask for Discount Request CustomizationMarket Size & Trends
The size of the commercial vehicle telematics market around the world was USD 61.52 billion in 2024 and will grow at a CAGR of 13.8% between 2025 and 2030. An increase in the demand for fleet management solutions is one of the key drivers of the commercial vehicle telematics market. Telematics systems are being increasingly embraced by companies in order to better plan routes, track driver performance, and coordinate vehicle maintenance, all of which contribute to greater operational efficiency and lower costs. Real-time monitoring of fleets and data analysis allow businesses to simplify their logistics activities and increase customer satisfaction.
Another key driver is government regulations and compliance mandates. Regulatory agencies in regions, especially North America and Europe, require the implementation of electronic logging devices (ELDs), vehicle diagnostics, and tracking systems to promote safety and labor law compliance. Regulations like the Hours of Service (HOS) rules in the United States have rendered telematics adoption nearly mandatory for commercial fleet operators, contributing to market growth even more.
The market is also driven by the growing penetration of connectivity technologies like 4G, 5G, and IoT. These technologies enable real-time, seamless data transmission and cloud-based fleet management, which makes telematics solutions more accessible and more powerful. With connected vehicles becoming the new standard, telematics will remain an essential component of commercial vehicle operations. Reducing cost and improving operating efficiency have become major business priorities, and telematics technology explicitly contributes to these objectives. By facilitating predictive maintenance, fuel consumption monitoring, route optimization, and reducing engine idling, telematics assists fleet operators in keeping their operating expenses as low as possible while maximizing the lifespan of their vehicles.
The increasing use of electric and autonomous commercial vehicles is also propelling the telematics market. Electric fleets need constant monitoring of battery performance, charging infrastructure, and range management, whereas autonomous vehicles rely significantly on telematics for navigation, vehicle-to-vehicle (V2V) communication, and remote diagnostics. This shift towards advanced vehicle technologies automatically raises the stature of telematics solutions.
One of the major constraints for the commercial vehicle telematics industry is the high initial outlay and regular operating expenses of implementing telematics systems. Small and medium-sized fleet owners, in general, tend to find the initial cost of hardware installation (e.g., GPS trackers, sensors, and onboard diagnostics devices) and the periodic subscription charges for telematics services to be too high. Also, integrating telematics solutions into existing fleet management processes may take a significant amount of time, training, and IT resources. Such cost-related entry barriers may hamper adoption, particularly in cost-sensitive markets or among firms with minimal technology budgets, thus constraining the overall market growth potential.
Report Coverage & Deliverables
- Competitive benchmarking
- Historical data & forecasts
- Company revenue shares
- Regional opportunities
- Latest trends & dynamics
Component Insights
The solution segment dominated the market and had 72.1% of the world revenue in 2024. The solution segment is also divided into driver management, fleet tracking and monitoring, safety and compliance, insurance telematics, V2X solutions, and others. This is because there is increasing demand for end-to-end telematics solutions covering various aspects of fleet operations. Fleet operators increasingly look for integrated platforms that provide real-time vehicle tracking, improve driver performance, guarantee regulatory compliance, facilitate usage-based insurance models, and accommodate emerging vehicle communication technologies. This wide range of functionalities continues to fuel the uptake of telematics solutions in commercial fleets globally.
The service segment is anticipated to experience the highest growth of 14.8% during the forecast period. This fast-paced development is fueled by the growing demand for value-added services like installation, maintenance, consulting, training, and support. As telematics systems become increasingly complex, fleet operators are looking for specialized services to maximize system integration, data management, regulatory compliance, and real-time operational support. Furthermore, the drift towards subscription models of telematics is augmenting the uptake of managed services, allowing companies to leverage state-of-the-art technologies without feeling the weight of substantial initial outlays.
Provider Insights
The OEM segment dominated the market and contributed 60.1% of the global revenue in 2024. The reason for the dominance of OEMs is largely attributable to the increasing demand trend for factory-installed telematics systems in new commercial vehicles. Large vehicle manufacturers are also increasingly installing telematics solutions as an optional or standard feature to improve vehicle performance, safety, and connectivity. OEM-installed solutions provide more hardware-software integration, increased reliability, and instant usability for fleet operators, minimizing aftermarket installations. OEMs are also collaborating with major telematics providers to provide tailored, brand-specific solutions, further cementing their market position.
The aftermarket market is predicted to exhibit the highest growth during the forecast period. This expansion is driven by the rising demand for fleet operators to retro-fit old vehicles with latest telematics solutions without acquiring new units. Aftermarket fitment is generally favored by companies, especially small and medium fleets, because it offers flexibility, is cost-friendly, and permits customization of features as per certain operational requirements. Further, as cars age longer, there is increasing demand for retrofit telematics offerings—like fleet tracking, driver behavior monitoring, and predictive maintenance solutions—helping the aftermarket segment grow strongly.
End-use Insights
The transport & logistics vertical dominated the market and generated over 43% of the global revenue in 2024. The dominance is primarily attributed to the high need for fleet optimization, real-time tracking, routing, and compliance monitoring within the sector. Transportation and logistics businesses increasingly depend on telematics to enhance delivery efficiency, lower operational expenses, improve customer service, and meet regulatory requirements in domestic and international operations. The expansion of e-commerce, last-mile delivery, and cross-border trade has further accelerated the demand for advanced telematics solutions in this sector, cementing its market leadership.
The government & utilities segment is anticipated to experience the highest growth during the forecast period. This growth is fueled by growing government initiatives aimed at enhancing fleet efficiency, public safety, and environmental sustainability. Utility companies and municipalities are implementing telematics solutions to track vehicle usage, optimize route planning for service vehicles, ensure driver responsibility, and better manage maintenance schedules. Further, the move towards smart city development and more stringent regulatory requirements for emissions and fleet safety is stimulating public sector organizations to invest significantly in sophisticated telematics technologies, further fueling growth in this market.
Regional Insights
The North America region dominated the market and represented 34.1% of the total revenue in 2024. High usage rates for sophisticated telematics systems in industries like transportation, logistics, and government propel the region's leadership. The demand for real-time tracking, predictive maintenance, and route optimization, which telematics solutions address, is a top concern for fleet operators in North America. Also, the increased uptake of electric vehicles (EVs) and autonomous vehicles is likely to continue driving demand for telematics in the region.
U.S. Commercial Vehicle Telematics Market Trends
The U.S. dominated the highest market share in North America, which led overall telematics solution adoption globally. Telematics is used extensively by numerous fleet operators across industries such as transportation, logistics, and government to maximize route planning, enhance fleet performance, and maintain regulatory compliance. Mandate enforcement for ELDs has driven implementation of telematics in commercial vehicles in the country at a strong rate.
Asia Pacific Commercial Vehicle Telematics Market Trends
The Asia Pacific region will be the fastest-growing market with a CAGR of 15.4% in the commercial vehicle telematics market, led by rapid industrialization and urbanization in emerging economies. The growth of the region is led by the growth of transportation and logistics industries, especially in China, India, and Japan. The adoption of telematics solutions for fleet management, safety compliance, and efficiency optimization is increasing across the region.
The nation's fast economic development and its vast fleet of commercial vehicles in transportation, logistics, and delivery services fuel the demand for telematics solutions. China is also emphasizing the construction of smart cities and autonomous cars, both of which will fuel further demand for telematics systems. With government support encouraging smart logistics and the use of electric vehicles (EVs), China will experience sustained growth in telematics during the forecast period.
India is among the fastest-growing commercial vehicle telematics markets, especially because of the high growth rates in the logistics and transportation industries. The growth of e-commerce and the need for last-mile delivery have caused the uptake of telematics solutions in India to surge. India is also committed to enhancing fleet management, safety levels, and compliance, all of which boost the demand for telematics solutions.
Europe Commercial Vehicle Telematics Market Trends
Europe is another prominent region in the commercial vehicle telematics market, driven by robust regulation policies and high technology adoption in fleet management. European nations have strict safety and environmental laws, which are fulfilled by telematics systems. There is a steady increasing demand for solutions such as driver behavior monitoring, fuel management, and real-time tracking of fleets. Also, the trend toward electric and self-driving cars in nations such as Germany, the U.K., and the Netherlands is likely to further drive market growth.
The U.K. has an established market for commercial vehicle telematics, with extensive use across sectors such as logistics, transport, and public services. The U.K. government has imposed strict regulation on driver hours, safety requirements, and emissions, all of which telematics systems manage. Demand for connected cars, fleet management, and AI-based analytics is increasing as U.K. companies seek to improve operational efficiency.
Key Commercial Vehicle Telematics Company Insights
Some of the prominent players in the commercial vehicle telematics market are Geotab Inc., Verizon Communications Inc., Omnitracs, and PTC Inc. These players are continuously investing in research and development (R&D) operations to upgrade their products and enhance their capabilities. They are incorporating innovative technologies like artificial intelligence (AI), machine learning, and blockchain into their telematics offerings to enhance real-time tracking of fleets, predictive maintenance, driver safety, and routing optimization. Players are also keen on improving data security and compliance with regulations to respond to increasing needs for secure and effective management of fleets.
Geotab Inc. is a Canadian fleet management and telematics solutions company. Established in 2000 with headquarters in Oakville, Ontario, Geotab has grown to become a leading player in the telematics industry, providing solutions that are aimed at maximizing fleet performance, improving driver safety, and assisting businesses with regulatory compliance. Geotab provides solutions across various industries such as transportation, logistics, utilities, and government.
Verizon Communications Inc. is an American global telecommunication conglomerate, providing diverse services such as broadband, wireless communications, and telematics solutions. Verizon was formed in 2000 after the union of Bell Atlantic and GTE and has its headquarters in Basking Ridge, New Jersey. Verizon has operations all over the world, and one of the major players in the commercial vehicle telematics segment is its Verizon Connect business, which deals in fleet management solutions. Verizon Connect has a full range of telematics solutions aimed at optimizing the fleet operations of businesses. Their solutions enable real-time vehicle tracking, route guidance, and data analytics to enhance operational efficiency, lower expenses, and increase driver safety.
Key Commercial Vehicle Telematics Companies
The following are the leading companies in the commercial vehicle telematics market. These companies collectively hold the largest market share and dictate industry trends.
- Geotab Inc.
- Verizon Communications Inc.
- Omnitracs
- PTC Inc.
- Trimble Inc.
- Samsara Inc.
- Pioneer Corporation
- Fleet Complete
- CalAmp Wireless Networks Corporation
- Fleetx Technologies Private Limited
Recent Developments
-
In March 2025, Trimble Inc. made an announcement regarding a partnership with Xona Space Systems to combine Trimble's correction services with Xona's PULSAR™ high-performance navigation service. The partnership is to provide secure, high-accuracy positioning for multiple applications, such as geospatial, low-power mass mobile, and IoT. T
In January 2025, Geotab Inc. extended its Order Now initiative to software solutions, complementing its fleet management capabilities. The move allows channel partners and businesses to easily order a pre-vetted suite of software solutions in addition to hardware solutions directly through the Geotab Marketplace, embedded in the MyGeotab platform. The embedding is intended to simplify the ordering process, lower transactional friction, and expedite deployment, allowing businesses to quickly respond to industry requirements.
In December 2024, Verizon Communications Inc. published Version 2450 of its fleet management system, providing technical enhancements focused on performance and user experience improvement. A new feature, Power save mode, was included for EAT (not battery, powered-only) installation. It is used to prevent movement detection from triggering in the event that the tracking device loses external power by engaging through the Power save mode checkbox on the Install Types page. This improvement is especially beneficial for installations where the device is being powered by external sources alone, providing more precise tracking behavior.
Commercial Vehicle Telematics Market Report Scope
|
Report Attribute |
Details |
|
Market size value in 2025 |
USD 68.19 billion |
|
Revenue forecast in 2030 |
USD 130.08 billion |
|
Growth Rate |
CAGR of 13.8% from 2025 to 2030 |
|
Base year for estimation |
2024 |
|
Historical data |
2018 - 2024 |
|
Forecast period |
2025 - 2030 |
|
Quantitative units |
Revenue in USD million/billion and CAGR from 2025 to 2030 |
|
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
|
Segments covered |
Component, provider, end use, region |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; MEA |
|
Country scope |
U.S.; Canada; Mexico; UK; Germany; France; China; India; Japan; Australia; South Korea; Brazil; UAE; Saudi Arabia; South Africa |
|
Key companies profiled |
Geotab Inc.; Verizon Communications Inc.; Omnitracs; PTC Inc.; Trimble Inc.; Samsara Inc.; Pioneer Corporation; Fleet Complete; CalAmp Wireless Networks Corporation; Fleetx Technologies Private Limited |
|
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
|
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
Global Commercial Vehicle Telematics Market Report Segmentation
Component Outlook (Revenue, USD Million; 2018 - 2030)
-
-
Solution
-
Fleet Tracking and Monitoring
-
Driver Management
-
Insurance Telematics
-
Safety and Compliance
-
V2X solutions
-
Others
-
-
Services
-
Professional Services
-
Managed Services
-
-
-
Provider Outlook (Revenue, USD Million; 2018 - 2030)
-
OEM
-
Aftermarket
-
-
End use Outlook (Revenue, USD Million; 2018 - 2030)
-
Transportation & logistics
-
Government & Utilities
-
Travel & Tourism
-
Construction
-
Others
-
-
Region Outlook (Revenue, USD Million; 2018 - 2030)
-
North America
-
U.S.
-
Canada
-
Mexico
-
-
Europe
-
U.K.
-
Germany
-
France
-
-
Asia Pacific
-
China
-
India
-
Japan
-
South Korea
-
Australia
-
-
Latin America
-
Brazil
-
-
Middle East & Africa
-
KSA
-
UAE
-
South Africa
-
-
Related Reports
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy