Vehicle Telematics Market Growth Analysis - Forecast Trends and Outlook (2026-2035)

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.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

• 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.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Market Segmentation

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

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.

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

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.