Global Truck Telematics Market Growth (Status and Outlook) 2023-2029

Global Truck Telematics Market Growth (Status and Outlook) 2023-2029

Telematics is a combination of the words telecommunications and informatics. Telematics, in a broad sense, is any integrated use of telecommunications with information and communications technology. It is the technology of sending, receiving and storing information relating to remote objects – like vehicles – via telecommunication devices.

Truck telematics is a way of monitoring the location, movement, status and behavior of a vehicle within a fleet. This is achieved through a combination of a GPS receiver and an electronic GSM device that is installed in each vehicle, which then communicates with the user and web-based software.

Truck telematics is mainly composed of three parts: terminal (hardware), software (mobile Hardwired Install Telematics APP, Client PC) and cloud platform.
LPI (LP Information)' newest research report, the “Truck Telematics Industry Forecast” looks at past sales and reviews total world Truck Telematics sales in 2022, providing a comprehensive analysis by region and market sector of projected Truck Telematics sales for 2023 through 2029. With Truck Telematics sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Truck Telematics industry.
This Insight Report provides a comprehensive analysis of the global Truck Telematics landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Truck Telematics portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Truck Telematics market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Truck Telematics and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Truck Telematics.
The global Truck Telematics market size is projected to grow from US$ 797.9 million in 2022 to US$ 2776.9 million in 2029; it is expected to grow at a CAGR of 19.5% from 2023 to 2029.
The North America holds the largest share in the global truck telematics products market, its revenue of global market exceeds 34%. The next is Europe and Asia-Pacific.
Trimble, Wabco, Continental, Delphi and CalAmp are the main manufacturers of the truck telematics, the market share of top 3 is about 35%.
This report presents a comprehensive overview, market shares, and growth opportunities of Truck Telematics market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Plug and Play Telematics
Hardwired Install Telematics
Segmentation by application
Light Truck
Heavy Truck
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Trimble
Wabco
Continental
CalAmp
Delphi
Bosch
GEOTAB
Automatic
Actsoft
Telic
Mojio
Xirgo Technologies
e6gps
Hirain Technologies

Please note: The report will take approximately 2 business days to prepare and deliver.