Future of Commercial Vehicle Telematics Market by Package Type (Entry-Level, Mid-Tier, Advanced), Solution Type (Embedded, Portable, Smartphone/Cellular), Vendor Type (OEMs, Aftermarket), Vehicle Type (LCVs, HCVs) and Region - Global Forecast to 2030

Future of Commercial Vehicle Telematics Market by Package Type (Entry-Level, Mid-Tier, Advanced), Solution Type (Embedded, Portable, Smartphone/Cellular), Vendor Type (OEMs, Aftermarket), Vehicle Type (LCVs, HCVs) and Region - Global Forecast to 2030

The global commercial vehicle telematics market size is projected to grow from USD 5.4 Billion in 2024 to USD 12.8 Billion by 2030, at a CAGR of 15.2%. Growth in the commercial vehicle telematics market is mainly driven due to regulations focus on driver safety and real-time monitoring of light-duty vehicles. The growing demand for improved and reliable fleet management solutions with e-commerce & logistics giant is increasing, resulting in the adoption of latest telematics system which helps to deliver higher degrees of vehicle connectivity. Additionally, the drive for sustainability and carbon footprint reduction creates a demand to utilize telematics over their usage to enhance fuel efficiency and bring down greenhouse gas emissions.

“The Smartphone/Cellular segment is expected to grow the fastest during the forecast period.”

The use of smartphones to provide advanced fleet management features in commercial vehicle telematics is quickly progressing. Smartphones or cellular networks gather and send important real-time data for monitoring vehicle location, diagnostics, and driver behavior. By making use of the current mobile infrastructure, they provide flexibility and cost-effectiveness in contrast to conventional embedded or portable systems. Smartphone/cellular solutions are experiencing rapid growth due to their accessibility and ease of deployment, which eliminates the need for specialized hardware installations. Many telematics service providers offer smartphone-based solutions. DriveQuant (France) offers a smartphone telematics solution with products like the Mobile App and Mobile SDK. Similarly, Cambridge Mobile Telematics (CMT) (US) collects sensor data from millions of IoT devices, including smartphones, proprietary tags, connected vehicles, dashcams, and third-party devices, to comprehensively view vehicle and driver behavior. Smartphone/cellular solutions also seamlessly integrate with existing fleet management software and applications, while advancements in mobile technology ensure reliable data transmission and security. With a great focus on real-time insights, operational efficiency, and regulatory compliance, smartphone/cellular telematics solutions are expected to grow in the commercial vehicle sector, pushing innovation and improving fleet management capabilities.

“Light Commercial Vehicles segment to have notable opportunities during the forecast period.”

Light commercial vehicles (LCVs) are widely used in various sectors like e-commerce, last-mile delivery, and urban transport. These vehicles, such as vans, pickup trucks, and small trucks, are essential for supporting transportation, delivery of goods, and service operations in urban and suburban regions. The LCVs segment in the telematics industry is expanding quickly because of the rising need for improved fleet management, live tracking, and increased operational efficiency. Telematics solutions provide functions such as route optimization, monitoring driver behavior, and scheduling maintenance. This helps businesses improve efficiency, cut expenses, and enhance overall productivity. Customized telematics packages, such as WEBFLEET by TomTom International BV (Netherlands), cater to the specific needs of LCVs. Such packages enhance fleet management and operational efficiency. Additionally, TomTom’s partnership with StreetLight Data Inc. (US) in August 2023 to integrate its global data into StreetLight’s cloud-based products further supports transportation professionals by providing valuable insights and data. As industries increasingly depend on LCVs for efficient transportation solutions, incorporating advanced telematics technologies is crucial for optimizing fleet performance and addressing operational challenges.

“Italy poised for the fastest growth in the European commercial vehicle telematics market.”

Italy has experienced significant advancements in commercial vehicle telematics—a technology integrating telecommunications and informatics for real-time monitoring and communication. This adoption is primarily motivated by the imperative for efficient fleet management, cost reduction, and compliance with regulatory standards. In Italy, commercial vehicle telematics encompasses GPS tracking, vehicle diagnostics, fuel management, and driver behavior monitoring. These technologies enable fleet managers to boost operational efficiency, lower fuel consumption, enhance safety, and ensure adherence to regulations. The Italian market for commercial vehicle telematics has witnessed growing demand, driven by industries like logistics, transportation, and construction recognizing the advantages of these solutions. Regulatory efforts to improve road safety and environmental impact are expected to spur adoption. Moreover, with businesses increasingly valuing data-driven decision-making, the demand for comprehensive telematics solutions is set to rise. For instance, in June 2024, Cambridge Mobile Telematics (US) expands its presence in Italy’s commercial vehicle telematics sector, announcing new leadership to drive growth and innovation in GPS tracking, vehicle diagnostics, and fleet management solutions.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in the commercial vehicle telematics market. The break-up of the primaries is as follows:

By Respondent Type: OEMs – 32%, Tier 1 – 48% and Others – 20%,

By Designation: CXO’s – 31%, Managers – 53%, and Executives – 16%

By Region: North America – 43%, Asia Pacific – 24%, Europe – 33%

The commercial vehicle telematics market comprises major players such as Verizon (US), Geotab Inc. (Canada), Samsara Inc. (US), MiX by Powerfleet (US), Omnitracs (US), and Teletrac Navman US Ltd. (US), etc.

Research Coverage:

The study covers the future of commercial vehicle telematics market across various segments. It aims to estimate the market size and future growth potential across different segments such as Package Type, Solution Type, Vendor Type, Vehicle Type, and region. The study also includes an in-depth competitive analysis of key market players, their company profiles, key observations related to product and business offerings, recent developments, and acquisitions.

This research report categorizes the future of commercial vehicle telematics market by Package Type (Entry-Level, Mid-Tier, Advanced), Solution Type (Embedded, Portable, Smartphone/Cellular), Vendor Type (OEMs, Aftermarket), Vehicle Type (Light Commercial Vehicles, Heavy Commercial Vehicles), and Region (Asia Pacific, Europe, and North America).

The report's scope covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the future of commercial vehicle telematics market. A detailed analysis of the key industry players provides insights into their business overview, solutions, and services; key strategies; contracts, partnerships, agreements, new product & service launches, mergers and acquisitions; and recent developments associated with the commercial vehicle telematics market. This report covers a competitive analysis of SMEs/startups in the commercial vehicle telematics market ecosystem.

Reasons to buy this report:

The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall commercial vehicle telematics market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

Analysis of key drivers (Rising demand for efficient fleet management, Emphasis on fuel efficiency and reducing vehicle downtime, Rapid advancements in telematics technology, Regulatory mandates and compliance requirements), restraints (Dependance on commercial vehicle demand fluctuations, Data privacy concerns), opportunities (Merger of V2X communication and autonomous driving, Integration of advanced analytics, GenAI, and smart city infrastructure with telematics, Growth of logistics and transportation sectors), and challenges (User acceptance and training issues, Lack of standardization) influencing the growth of the commercial vehicle telematics market.

Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the commercial vehicle telematics market.

Market Development: Comprehensive information about lucrative markets – the report analyses the commercial vehicle telematics market across varied regions.

Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the commercial vehicle telematics market.

Competitive Assessment: In-depth assessment of market ranking, growth strategies, and service offerings of leading players like Verizon (US), Geotab Inc. (Canada), Samsara Inc. (US), MiX by Powerfleet (US), Omnitracs (US), and Teletrac Navman US Ltd. (US) among others in the commercial vehicle telematics market.

Strategies: The report also helps stakeholders understand the pulse of the commercial vehicle telematics market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Tables List

Table 1 Future Of Cv Telematics Market: Definition Of Package Types

Table 2 Future Of Cv Telematics Market: Definition Of Solution Types

Table 3 Future Of Cv Telematics Market: Definition Of Vehicle Types

Table 4 Future Of Cv Telematics Market: Definition Of Vendor Types

Table 5 Usd Exchange Rates, 2019–2024

Table 6 Key Regulations And Compliance Rules, By Country/Region

Table 7 Impact Of Market Dynamics On Future Of Cv Telematics Market

Table 8 Average Selling Price Trend For Key Package Types, 2022–2024 (Usd)

Table 9 Average Selling Price Trend For Entry-level Package, By Region,

2022–2024 (Usd)

Table 10 Average Selling Price Trend For Mid-tier Package, By Region,

2022–2024 (Usd)

Table 11 Average Selling Price Trend For Advanced Package, By Region,

2022–2024 (Usd)

Table 12 Average Selling Prices Of Key Telematics Service Providers

Table 13 Future Of Cv Telematics Market: Role Of Companies In Market Ecosystem

Table 14 North America: Regulatory Bodies, Government Agencies,

And Other Organizations

Table 15 Europe: Regulatory Bodies, Government Agencies,

And Other Organizations

Table 16 Asia Pacific: Regulatory Bodies, Government Agencies,

And Other Organizations

Table 17 Future Of Cv Telematics Market, By Package Type,

2019–2023 (Thousand Units)

Table 18 Future Of Cv Telematics Market, By Package Type,

2024–2030 (Thousand Units)

Table 19 Future Of Cv Telematics Market, By Package Type,

2019–2023 (Usd Million)

Table 20 Future Of Cv Telematics Market, By Package Type,

2024–2030 (Usd Million)

Table 21 Entry-level: Future Of Cv Telematics Market, By Region,

2019–2023 (Thousand Units)

Table 22 Entry-level: Future Of Cv Telematics Market, By Region,

2024–2030 (Thousand Units)

Table 23 Entry-level: Future Of Cv Telematics Market, By Region,

2019–2023 (Usd Million)

Table 24 Entry-level: Future Of Cv Telematics Market, By Region,

2024–2030 (Usd Million)

Table 25 Mid-tier: Future Of Cv Telematics Market, By Region,

2019–2023 (Thousand Units)

Table 26 Mid-tier: Future Of Cv Telematics Market, By Region,

2024–2030 (Thousand Units)

Table 27 Mid-tier: Future Of Cv Telematics Market, By Region,

2019–2023 (Usd Million)

Table 28 Mid-tier: Future Of Cv Telematics Market, By Region,

2024–2030 (Usd Million)

Table 29 Advanced: Future Of Cv Telematics Market, By Region,

2019–2023 (Thousand Units)

Table 30 Advanced: Future Of Cv Telematics Market, By Region,

2024–2030 (Thousand Units)

Table 31 Advanced: Future Of Cv Telematics Market, By Region,

2019–2023 (Usd Million)

Table 32 Advanced: Future Of Cv Telematics Market, By Region,

2024–2030 (Usd Million)

Table 33 Future Of Cv Telematics Market, By Solution Type,

2019–2023 (Thousand Units)

Table 34 Future Of Cv Telematics Market, By Solution Type,

2024–2030 (Thousand Units)

Table 35 Embedded: Future Of Cv Telematics Market, By Region,

2019–2023 (Thousand Units)

Table 36 Embedded: Future Of Cv Telematics Market, By Region,

2024–2030 (Thousand Units)

Table 37 Portable: Future Of Cv Telematics Market, By Region,

2019–2023 (Thousand Units)

Table 38 Portable: Future Of Cv Telematics Market, By Region,

2024–2030 (Thousand Units)

Table 39 Smartphone/Cellular: Future Of Cv Telematics Market, By Region, 2019–2023 (Thousand Units)

Table 40 Smartphone/Cellular: Future Of Cv Telematics Market, By Region, 2024–2030 (Thousand Units)

Table 41 Future Of Cv Telematics Market, By Vehicle Type,

2019–2023 (Thousand Units)

Table 42 Future Of Cv Telematics Market, By Vehicle Type,

2024–2030 (Thousand Units)

Table 43 Light Commercial Vehicles: Future Of Cv Telematics Market, By Region, 2019–2023 (Thousand Units)

Table 44 Light Commercial Vehicles: Future Of Cv Telematics Market, By Region, 2024–2030 (Thousand Units)

Table 45 Heavy Commercial Vehicles: Future Of Cv Telematics Market, By Region, 2019–2023 (Thousand Units)

Table 46 Heavy Commercial Vehicles: Future Of Cv Telematics Market, By Region, 2024–2030 (Thousand Units)

Table 47 Future Of Cv Telematics Market, By Vendor Type,

2019–2023 (Thousand Units)

Table 48 Future Of Cv Telematics Market, By Vendor Type,

2024–2030 (Thousand Units)

Table 49 Oems: Future Of Cv Telematics Market, By Region,

2019–2023 (Thousand Units)

Table 50 Oems: Future Of Cv Telematics Market, By Region,

2024–2030 (Thousand Units)

Table 51 Aftermarket: Future Of Cv Telematics Market, By Region,

2019–2023 (Thousand Units)

Table 52 Aftermarket: Future Of Cv Telematics Market, By Region,

2024–2030 (Thousand Units)

Table 53 Future Of Cv Telematics Market, By Region, 2019–2023 (Thousand Units)

Table 54 Future Of Cv Telematics Market, By Region, 2024–2030 (Thousand Units)

Table 55 Asia Pacific: Future Of Cv Telematics Market, By Country,

2019–2023 (Thousand Units)

Table 56 Asia Pacific: Future Of Cv Telematics Market, By Country,

2024–2030 (Thousand Units)

Table 57 China: Future Of Cv Telematics Market, By Vendor Type,

2019–2023 (Thousand Units)

Table 58 China: Future Of Cv Telematics Market, By Vendor Type,

2024–2030 (Thousand Units)

Table 59 India: Future Of Cv Telematics Market, By Vendor Type,

2019–2023 (Thousand Units)

Table 60 India: Future Of Cv Telematics Market, By Vendor Type,

2024–2030 (Thousand Units)

Table 61 Japan: Future Of Cv Telematics Market, By Vendor Type,

2019–2023 (Thousand Units)

Table 62 Japan: Future Of Cv Telematics Market, By Vendor Type,

2024–2030 (Thousand Units)

Table 63 South Korea: Future Of Cv Telematics Market, By Vendor Type,

2019–2023 (Thousand Units)

Table 64 South Korea: Future Of Cv Telematics Market, By Vendor Type,

2024–2030 (Thousand Units)

Table 65 Europe: Future Of Cv Telematics Market, By Country,

2019–2023 (Thousand Units)

Table 66 Europe: Future Of Cv Telematics Market, By Country,

2024–2030 (Thousand Units)

Table 67 France: Future Of Cv Telematics Market, By Vendor Type,

2019–2023 (Thousand Units)

Table 68 France: Future Of Cv Telematics Market, By Vendor Type,

2024–2030 (Thousand Units)

Table 69 Germany: Future Of Cv Telematics Market, By Vendor Type,

2019–2023 (Thousand Units)

Table 70 Germany: Future Of Cv Telematics Market, By Vendor Type,

2024–2030 (Thousand Units)

Table 71 Italy: Future Of Cv Telematics Market, By Vendor Type,

2019–2023 (Thousand Units)

Table 72 Italy: Future Of Cv Telematics Market, By Vendor Type,

2024–2030 (Thousand Units)

Table 73 Spain: Future Of Cv Telematics Market, By Vendor Type,

2019–2023 (Thousand Units)

Table 74 Spain: Future Of Cv Telematics Market, By Vendor Type,

2024–2030 (Thousand Units)

Table 75 Uk: Future Of Cv Telematics Market, By Vendor Type,

2019–2023 (Thousand Units)

Table 76 Uk: Future Of Cv Telematics Market, By Vendor Type,

2024–2030 (Thousand Units)

Table 77 North America: Future Of Cv Telematics Market, By Country,

2019–2023 (Thousand Units)

Table 78 North America: Future Of Cv Telematics Market, By Country,

2024–2030 (Thousand Units)

Table 79 Us: Future Of Cv Telematics Market, By Vendor Type,

2019–2023 (Thousand Units)

Table 80 Us: Future Of Cv Telematics Market, By Vendor Type,

2024–2030 (Thousand Units)

Table 81 Canada: Future Of Cv Telematics Market, By Vendor Type,

2019–2023 (Thousand Units)

Table 82 Canada: Future Of Cv Telematics Market, By Vendor Type,

2024–2030 (Thousand Units)

Table 83 Comparison Of Telematics Service Providers, By Package Type

Table 84 Strategies Adopted By Key Players, 2022–2024

Table 85 Future Of Cv Telematics Market: Package Type Footprint, 2024

Table 86 Future Of Cv Telematics Market: Solution Type Footprint, 2024

Table 87 Future Of Cv Telematics Market: Company Regional Footprint, 2024

Table 88 Detailed List Of Key Startups/Smes

Table 89 Competitive Benchmarking Of Startups/Smes

Table 90 Product Launches & Developments, May 2022–may 2024

Table 91 Deals, March 2022–may 2024

Table 92 Expansions, April 2024

Table 93 Others, January 2022–february 2024

Table 94 Geotab Inc.: Company Overview

Table 95 Geotab Inc.: Products/Solutions/Services Offered

Table 96 Geotab Inc.: Product Launches & Developments

Table 97 Geotab Inc.: Deals

Table 98 Samsara Inc.: Company Overview

Table 99 Samsara Inc.: Products/Solutions/Services Offered

Table 100 Samsara Inc.: Product Launches & Developments

Table 101 Samsara Inc.: Deals

Table 102 Samsara Inc.: Expansions

Table 103 Samsara Inc.: Others

Table 104 Mix By Powerfleet: Company Overview

Table 105 Mix By Powerfleet: Products/Solutions/Services Offered

Table 106 Mix Fleet Manager Package Differences

Table 107 Mix By Powerfleet: Product Launches & Developments

Table 108 Mix By Powerfleet: Deals

Table 109 Mix By Powerfleet: Others

Table 110 Teletrac Navman Us Ltd.: Company Overview

Table 111 Teletrac Navman Us Ltd.: Products/Solutions/Services Offered

Table 112 Teletrac Navman Us Ltd.: Product Launches & Developments

Table 113 Teletrac Navman Us Ltd.: Others

Table 114 Verizon: Company Overview

Table 115 Verizon: Products/Solutions/Services Offered

Table 116 Verizon: Product Launches & Developments

Table 117 Verizon: Deals

Table 118 Masternaut Limited: Company Overview

Table 119 Masternaut Limited: Products/Solutions/Services Offered

Table 120 Masternaut Limited: Product Launches & Developments

Table 121 Masternaut Limited: Deals

Table 122 Tomtom International Bv: Company Overview

Table 123 Tomtom International Bv: Products/Solutions/Services Offered

Table 124 Tomtom International Bv: Product Launches & Developments

Table 125 Tomtom International Bv: Deals

Table 126 Omnitracs: Company Overview

Table 127 Omnitracs: Products/Solutions/Services Offered

Table 128 Omnitracs: Product Launches & Developments

Table 129 Omnitracs: Deals

Table 130 Omnitracs: Others

Table 131 Trimble Inc.: Company Overview

Table 132 Trimble Inc.: Products/Solutions/Services Offered

Table 133 Trimble Inc.: Product Launches & Developments

Table 134 Trimble Inc.: Deals

Table 135 Microlise Limited: Company Overview

Table 136 Microlise Limited: Products/Solutions/Services Offered

Table 137 Microlise Limited: Deals

Table 138 Inseego Corp.: Company Overview

Table 139 Inseego Corp.: Products/Solutions/Services Offered

Table 140 Inseego Corp.: Deals

Table 141 Ptc: Company Overview

Table 142 Ptc: Products/Solutions/Services Offered

Table 143 Ptc: Product Launches & Developments 182"

Figures List

Figure 1 Research Design

Figure 2 Research Process Flow

Figure 3 Breakdown Of Primary Interviews

Figure 4 Research Methodology: Hypothesis Building

Figure 5 Future Of Cv Telematics Market: Bottom-up Approach

Figure 6 Future Of Cv Telematics Market: Top-down Approach

Figure 7 Market Growth Projections From Demand-side Drivers

And Opportunities

Figure 8 Future Of Cv Telematics Market Overview, 2024–2030

Figure 9 Future Of Cv Telematics Market, By Region, 2024 Vs. 2030 (Usd Million)

Figure 10 Future Of Cv Telematics Market, By Package Type,

2024 Vs. 2030 (Usd Million)

Figure 11 Rising Focus On Improving Fleet Efficiency To Drive Market

Figure 12 North America To Be Largest Market During Forecast Period

Figure 13 Oems Segment To Be Fastest-growing Segment During Forecast Period

Figure 14 Heavy Commercial Vehicles Segment To Lead Market By 2030

Figure 15 Advanced Segment To Be Fastest-growing Segment By 2030

Figure 16 Embedded Segment To Account For Largest Share By 2030

Figure 17 Working Of Vehicle Telematics

Figure 18 Trends & Disruptions Impacting Customers’ Businesses

Figure 19 Future Of Cv Telematics Market: Drivers, Restraints,

Opportunities, And Challenges

Figure 20 Adoption Rate Of Telematics And Fleet Management Solutions, 2023

Figure 21 Average Fleet Operating Expenses, 2023

Figure 22 Privacy Concerns From Consumers And Businesses

Figure 23 Solution Architecture To Get Predictive Insights Using

Vehicle Telematics Data

Figure 24 Projected Growth Of Logistics Industry By 2028

Figure 25 Evolution Of Cv Telematics

Figure 26 Average Selling Price Trend For Key Package Types, 2022–2024 (Usd)

Figure 27 Average Selling Price Trend For Entry-level Package,

By Region, 2022–2024 (Usd)

Figure 28 Average Selling Price Trend For Mid-tier Package,

By Region, 2022–2024 (Usd)

Figure 29 Average Selling Price Trend For Advanced Package,

By Region, 2022–2024 (Usd)

Figure 30 Pricing Analysis For Top Telematics Service Providers

Figure 31 Future Of Cv Telematics Market Ecosystem

Figure 32 5g Features Of Future Telematics

Figure 33 Ai-based Video Telematics

Figure 34 Application Dashboard Of Damoov Smartphone Telematics

Figure 35 Impact Of Vehicle Telematics On Cost Savings Of Webfleet

Figure 36 Impact Of Vehicle Telematics On Cost Savings Of Geotab

Figure 37 Cost Analysis Of Cv Telematics Solutions

Figure 38 Future Of Cv Telematics Market, By Package Type,

2024 Vs. 2030 (Usd Million)

Figure 39 Future Of Cv Telematics Market, By Solution Type,

2024 Vs. 2030 (Thousand Units)

Figure 40 Future Of Cv Telematics Market, By Vehicle Type,

2024 Vs. 2030 (Thousand Units)

Figure 41 Inhand Networks’ Telematics Solutions For Light Commercial Vehicles

Figure 42 Total Cost Of Fleet Operations And Benefits Of Fleet

Management System

Figure 43 Future Of Cv Telematics Market, By Vendor Type,

2024 Vs. 2030 (Thousand Units)

Figure 44 Benefits Of Oem Telematics Solutions

Figure 45 Future Of Cv Telematics Market, By Region,

2024 Vs. 2030 (Thousand Units)

Figure 46 Asia Pacific: Future Of Cv Telematics Market Snapshot

Figure 47 China: Cv Telematics Market Development

Figure 48 Europe: Future Of Cv Telematics Market, By Country,

2024 Vs. 2030 (Thousand Units)

Figure 49 North America: Future Of Cv Telematics Market Snapshot

Figure 50 Revenue Analysis Of Key Market Players

Figure 51 Company Valuation Of Top Five Players, 2024

Figure 52 Financial Matrix Of Top Five Players, 2024

Figure 53 Brand Comparison

Figure 54 Future Of Cv Telematics Market: Company Evaluation

Matrix (Key Players), 2024

Figure 55 Future Of Cv Telematics Market: Company Footprint

Figure 56 Future Of Cv Telematics Market: Company Evaluation

Matrix (Startups/Smes), 2024

Figure 57 Geotab Go9: Evolution Of Fleet Tracking

Figure 58 Samsara Inc.: Company Snapshot

Figure 59 Mix By Powerfleet: Company Snapshot

Figure 60 Verizon: Company Snapshot

Figure 61 Tomtom International Bv: Company Snapshot

Figure 62 Omnitracs: Company Snapshot

Figure 63 Trimble Inc.: Company Snapshot

Figure 64 Inseego Corp: Company Snapshot

Figure 65 Ptc: Company Snapshot