Telematics Market
Telematics Market Forecasts to 2032 – Global Analysis By Component (Hardware, Software, and Services), Technology (Embedded, Tethered, and Integrated Smartphone), Connectivity, Vehicle Type, Application, Sales Channel, and By Geography
According to Stratistics MRC, the Global Telematics Market is accounted for $78.4 billion in 2025 and is expected to reach $211.2 billion by 2032, growing at a CAGR of 15.2% during the forecast period. The telematics sector focuses on integrating telecommunications, GPS, and onboard data systems to connect vehicles, equipment, or assets to cloud platforms. This encompasses hardware devices, connectivity solutions, analytics software, and various services utilized in sectors such as transportation, construction, insurance, and leasing. The benefits of telematics include real-time tracking, enhanced route and asset utilization, reduced fuel and maintenance expenses, improved safety and insights into driver behavior, better compliance, and the development of new data-driven business models and services.
Market Dynamics:
Driver:
Rise of connected vehicles and mandatory safety regulations
The rise of connected vehicles and mandatory safety regulations is fundamentally accelerating market growth. Government mandates worldwide, such as eCall in the EU, require telematics systems for emergency response, creating a substantial installed base. Additionally, consumer demand for enhanced connectivity, real-time diagnostics, and advanced driver-assistance systems (ADAS) is driving original equipment manufacturers (OEMs) to integrate sophisticated telematics as a standard feature. This trend is directly helping the market grow and technologies improve.
Restraint:
Data privacy and cybersecurity concerns
High-profile breaches involving vehicle data erode consumer trust and pose operational risks. The collection of detailed location and driving behavior data triggers intense scrutiny from regulators and individuals alike, potentially slowing market penetration as stakeholders demand more robust and transparent security frameworks before committing to large-scale deployments.
Opportunity:
Expansion into electric vehicle (EV) fleet management
Telematics solutions are critical for addressing EV-specific challenges, such as monitoring battery health, optimizing charging schedules based on route and energy costs, and alleviating range anxiety. This synergy helps fleet operators get the most out of their vehicles and lower their total cost of ownership. This creates a dedicated and quickly growing niche within the larger telematics ecosystem.
Threat:
Increasingly stringent data protection regulations
Increasingly stringent data protection regulations, such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), pose potential threats by escalating compliance costs and operational complexity. These laws govern the cross-border flow and processing of the vast data generated by telematics systems. Companies face significant financial and legal risks if they fail to comply, which can deter investment and hinder innovation in data-intensive service offerings.
Covid-19 Impact:
The pandemic initially disrupted the automotive sector, leading to vehicle production delays and temporary declines in new telematics installations. However, it ultimately accelerated market demand for specific telematics applications. The crisis brought attention to contactless fleet management, remote diagnostics, and efficient logistics, driving adoption among commercial fleets to optimize operations and ensure driver safety during a period of heightened sensitivity around asset utilization.
The hardware segment is expected to be the largest during the forecast period
The hardware segment is expected to account for the largest market share during the forecast period, attributed to the essential nature of components like telematics control units (TCUs), sensors, and connectivity modules in every deployed system. Despite increasing software value, the upfront need for physical hardware in both OEM and aftermarket installations secures its leading revenue position, particularly as vehicle production volumes recover and expand globally.
The embedded segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the embedded segment is predicted to witness the highest growth rate, driven by automakers increasingly embedding factory-fit telematics for connected services, which offer greater reliability and integration than aftermarket solutions. Consumer preferences for seamless connectivity and the automotive industry's shift toward software-defined vehicles directly fuel the rapid adoption of embedded systems, supporting their superior growth trajectory.
Region with largest share:
During the forecast period, the North America region is expected to hold the largest market share. This leadership is based on early adoption of technology, strict rules that promote safety, a well-established automotive industry, and a large number of major telematics and fleet management service providers. Strong existing infrastructure and high commercial fleet penetration continue to drive substantial revenue in this region.
Region with highest CAGR:
Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR. Rapid urbanization is driving up demand for commercial fleets, while soaring automotive production, especially in China and India, and stricter government rules for vehicle tracking and safety are fueling explosive growth. The expanding middle class and growing acceptance of insurtech and connected car services further contribute to this accelerated growth rate.
Key players in the market
Some of the key players in Telematics Market include Geotab Inc., Verizon Connect, MiX Telematics, Trimble Inc., Webfleet Solutions B.V., Samsara Inc., Omnitracs LLC, Teletrac Navman US Ltd., CalAmp Corp., Zonar Systems Inc., Fleet Complete, Inseego Corp., Continental AG, Robert Bosch GmbH, AT&T Inc., Vodafone Automotive, Octo Group S.p.A., and Airbiquity Inc.
Key Developments:
In October 2025, Teletrac Navman earned the “Vehicle Telematics Solution of the Year” award in the 2025 AutoTech Breakthrough Awards Program for its TN360 platform and IQ, Multi IQ, Smart dashcams, which use AI and machine learning for real-time insights into driver behavior, vehicle performance, and road conditions to enhance safety and reduce incidents.
In July 2025, Teletrac Navman launched OEM Telematics integration for TN360, enabling cloud-to-cloud connections with factory-fitted telematics hardware from vehicle manufacturers by entering VIN numbers, providing data on location, usage, speed, fuel, and EV battery charge without aftermarket installs.
Components Covered:
• Hardware
• Software
• Services
Technologies Covered:
• Embedded
• Tethered
• Integrated Smartphone
Connectivity’s Covered:
• Cellular
• Satellite
• Wi-Fi
• Bluetooth & V2X
Vehicle Types Covered:
• Passenger Vehicles
• Commercial Vehicles
Applications Covered:
• Fleet/Asset Management
• Insurance Telematics (UBI)
• Infotainment & Navigation
• Safety & Security
• Vehicle Health & Diagnostics
• Remote Diagnostics & Management
Sales Channels Covered:
• Original Equipment Manufacturer (OEM)
• Aftermarket
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Telematics Market, By Component
5.1 Introduction
5.2 Hardware
5.2.1 Telematics Control Unit (TCU) / On-Board Unit (OBU)
5.2.2 GPS/GNSS Receivers
5.2.3 Sensors and Actuators
5.2.4 Communication Modules
5.3 Software
5.3.1 Fleet Management Software
5.3.2 Analytics and Reporting Software
5.3.3 Telematics Platform/Operating System
5.4 Services
5.4.1 Professional Services
5.4.2 Managed Services
6 Global Telematics Market, By Technology
6.1 Introduction
6.2 Embedded
6.3 Tethered
6.4 Integrated Smartphone
7 Global Telematics Market, By Connectivity
7.1 Introduction
7.2 Cellular
7.3 Satellite
7.4 Wi-Fi
7.5 Bluetooth & V2X
8 Global Telematics Market, By Vehicle Type
8.1 Introduction
8.2 Passenger Vehicles
8.3 Commercial Vehicles
8.3.1 Light Commercial Vehicles (LCV)
8.3.2 Heavy Commercial Vehicles (HCV) / Trucks
8.3.3 Buses and Coaches
8.3.4 Off-Highway/Construction Vehicles
9 Global Telematics Market, By Application
9.1 Introduction
9.2 Fleet/Asset Management
9.3 Insurance Telematics (UBI)
9.4 Infotainment & Navigation
9.5 Safety & Security
9.6 Vehicle Health & Diagnostics
9.7 Remote Diagnostics & Management
10 Global Telematics Market, By Sales Channel
10.1 Introduction
10.2 Original Equipment Manufacturer (OEM)
10.3 Aftermarket
11 Global Telematics Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Geotab Inc.
13.2 Verizon Connect
13.3 MiX Telematics
13.4 Trimble Inc.
13.5 Webfleet Solutions B.V.
13.6 Samsara Inc.
13.7 Omnitracs LLC
13.8 Teletrac Navman US Ltd.
13.9 CalAmp Corp.
13.10 Zonar Systems Inc.
13.11 Fleet Complete
13.12 Inseego Corp.
13.13 Continental AG
13.14 Robert Bosch GmbH
13.15 AT&T Inc.
13.16 Vodafone Automotive
13.17 Octo Group S.p.A.
13.18 Airbiquity Inc.
List of Tables
1 Global Telematics Market Outlook, By Region (2024–2032) ($MN)
2 Global Telematics Market Outlook, By Component (2024–2032) ($MN)
3 Global Telematics Market Outlook, By Hardware (2024–2032) ($MN)
4 Global Telematics Market Outlook, By Telematics Control Unit (TCU) / On-Board Unit (OBU) (2024–2032) ($MN)
5 Global Telematics Market Outlook, By GPS / GNSS Receivers (2024–2032) ($MN)
6 Global Telematics Market Outlook, By Sensors and Actuators (2024–2032) ($MN)
7 Global Telematics Market Outlook, By Communication Modules (2024–2032) ($MN)
8 Global Telematics Market Outlook, By Software (2024–2032) ($MN)
9 Global Telematics Market Outlook, By Fleet Management Software (2024–2032) ($MN)
10 Global Telematics Market Outlook, By Analytics and Reporting Software (2024–2032) ($MN)
11 Global Telematics Market Outlook, By Telematics Platform / Operating System (2024–2032) ($MN)
12 Global Telematics Market Outlook, By Services (2024–2032) ($MN)
13 Global Telematics Market Outlook, By Professional Services (2024–2032) ($MN)
14 Global Telematics Market Outlook, By Managed Services (2024–2032) ($MN)
15 Global Telematics Market Outlook, By Technology (2024–2032) ($MN)
16 Global Telematics Market Outlook, By Embedded (2024–2032) ($MN)
17 Global Telematics Market Outlook, By Tethered (2024–2032) ($MN)
18 Global Telematics Market Outlook, By Integrated Smartphone (2024–2032) ($MN)
19 Global Telematics Market Outlook, By Connectivity (2024–2032) ($MN)
20 Global Telematics Market Outlook, By Cellular (2024–2032) ($MN)
21 Global Telematics Market Outlook, By Satellite (2024–2032) ($MN)
22 Global Telematics Market Outlook, By Wi-Fi (2024–2032) ($MN)
23 Global Telematics Market Outlook, By Bluetooth & V2X (2024–2032) ($MN)
24 Global Telematics Market Outlook, By Vehicle Type (2024–2032) ($MN)
25 Global Telematics Market Outlook, By Passenger Vehicles (2024–2032) ($MN)
26 Global Telematics Market Outlook, By Commercial Vehicles (2024–2032) ($MN)
27 Global Telematics Market Outlook, By Light Commercial Vehicles (LCV) (2024–2032) ($MN)
28 Global Telematics Market Outlook, By Heavy Commercial Vehicles (HCV) / Trucks (2024–2032) ($MN)
29 Global Telematics Market Outlook, By Buses and Coaches (2024–2032) ($MN)
30 Global Telematics Market Outlook, By Off-Highway / Construction Vehicles (2024–2032) ($MN)
31 Global Telematics Market Outlook, By Application (2024–2032) ($MN)
32 Global Telematics Market Outlook, By Fleet / Asset Management (2024–2032) ($MN)
33 Global Telematics Market Outlook, By Insurance Telematics (UBI) (2024–2032) ($MN)
34 Global Telematics Market Outlook, By Infotainment & Navigation (2024–2032) ($MN)
35 Global Telematics Market Outlook, By Safety & Security (2024–2032) ($MN)
36 Global Telematics Market Outlook, By Vehicle Health & Diagnostics (2024–2032) ($MN)
37 Global Telematics Market Outlook, By Remote Diagnostics & Management (2024–2032) ($MN)
38 Global Telematics Market Outlook, By Sales Channel (2024–2032) ($MN)
39 Global Telematics Market Outlook, By Original Equipment Manufacturer (OEM) (2024–2032) ($MN)
40 Global Telematics Market Outlook, By Aftermarket (2024–2032) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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