Commercial Telematics Market Size

Commercial Telematics Market size was over USD 29.15 billion in 2024 and is poised to reach USD 185.83 billion by the end of 2037, growing at around 15.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of commercial telematics is assessed at USD 32.72 billion.

The growth of the market can be attributed to the growing demand for technological solutions in commercial automobiles. Telematics is the approach of keeping track of the location and movement of a vehicle by the amalgamation of the Global Positioning System (GPS) and the on-board diagnostics system. According to the International Organization of Motor Vehicle Manufacturers (OICA), in 2020, globally, 21,787,126 units of commercial vehicles were manufactured, which increased to 23,091,693 units in 2021.

Telematics is of consolidated field enclosed in, telecommunications and vehicular technologies. Technology of sending, receiving, and storing information and informatics for applications in vehicles and to control vehicles on the move. The science of telecommunications and informatics applied in wireless technologies and computational systems. 802.11p, the IEEE standard in the 802.11 and also referred to wireless access for the vehicular environment (WAVE), is the primary standard that addresses and enhances intelligent transport system (ITS). The growth of commercial telematics market is credited rising adoption of the internet all over the world. There are few countries such as Japan and South Korea, where 5G is available. As of March 2022, the 4G network is widely available in most countries, and is the most widely used network.