Vehicle Telematics Market Analysis

Vehicle Type (Passenger Cars, Commercial Vehicles)

The global vehicle telematics market is segmented and analyzed for demand and supply by vehicle type into passenger car and commercial vehicle. The passenger car segment is expected to hold the largest market size by the end of 2037. The growth is expected on the account of rising need of passenger car which is prompting the sales of passenger cars. The burgeoning population is demanding passenger cars for fulfilling their needs which is projected in increase the production rate of passenger cars. In 2020, globally, around 65 million passenger cars were sold. Furthermore, boosted sales of electric passenger car is to propel the growth of the segment. Globally, there were around 16 million electric cars on road in 2021. In the first quarter of 2022, nearly 2 million electric passenger cars were sold.

Our in-depth analysis of the global vehicle telematics market includes the following segments:

By Service Type	Information & Navigation Safety & Security Insurance Telematics Infotainment System
By Vehicle Type	Passenger Cars Commercial Vehicles
By Technology	Embedded Tethered Integrated
By Sales Channel	OEM Aftermarket

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of vehicle telematics is estimated at USD 120.22 billion.

The vehicle telematics market size was over USD 104.72 billion in 2024 and is set to cross USD 955.21 billion by the end of 2037, witnessing more than 18.3% CAGR during the forecast period i.e., between 2025-2037. Rising need to reduce fuel utilization, need for safety features, growing demand of semiconductors and more connected vehicles on roads will impel the market growth.

North America industry is likely to dominate majority revenue share by 2037, owing to rising instances of fatalities caused by vehicle accident and high rate of frequent traffic congestion in the region.

The major players in the market include Bosch Global Software Technologies, Bridgestone Mobility Solutions B.V., Trimble, Octo Group S.p.A., Verizon, MiX Telematics, Zonar Systems, Harman International, Microlise Limited, On Star Corporation, Qualcomm Technologies, Inc, .

Vehicle Telematics Market Analysis