Vehicle Telematics Market Analysis and Forecast to 2031: By Channel (OEM and Aftermarket), Vehicle Type (Commercial Vehicle, Passenger Car, and Two-Wheeler), Connectivity Solution (Embedded, Integrated Smartphones, and Tethered), and Region
Vehicle telematics is a system that uses GPS technology to track and monitor the location and movements of a vehicle or fleet of vehicles. The data collected can be used to optimize routes, improve fleet management, and reduce fuel costs.
Key Trends
There are several key trends in vehicle telematics technology. One is the increasing use of sensors and other data-gathering devices to track vehicle performance and driver behavior. This data can be used to improve vehicle safety, optimize fuel economy, and reduce emissions. Another trend is the development of cloud-based services that allow data collected by telematics devices to be shared and analyzed by multiple parties. This can help fleet managers to identify trends and problems, and take corrective action. Finally, there is an increasing trend towards the use of artificial intelligence and machine learning to analyze telematics data. This can help to identify patterns and predict future behavior, allowing for more proactive and preventive maintenance.
Key Drivers
The key drivers of the vehicle telematics market are the increasing demand for connected vehicles, the need for improved safety and security, and the need for better fleet management.
The demand for connected vehicles is driven by the need for improved safety and security. Connected vehicles are able to communicate with each other and with the infrastructure around them, allowing for better situational awareness and collision avoidance. In addition, connected vehicles can provide a wealth of data that can be used to improve traffic flow and reduce congestion.
The need for better fleet management is another key driver of the vehicle telematics market. Fleet managers are under constant pressure to improve efficiency and reduce costs. Telematics can help fleet managers to track vehicle location and status, as well as driver behavior. This information can be used to optimize routes, schedule maintenance, and improve driver training.
Restraints & Challenges
The key restraints and challenges in Vehicle Telematics market are:
1. Lack of standardization: There is currently no standardization in the vehicle telematics industry, which makes it difficult for consumers and businesses to compare products and services. This also makes it difficult for new entrants to the market to establish themselves.
2. High costs: Vehicle telematics can be expensive to implement and maintain, especially for small businesses and individual consumers.
3. Privacy concerns: Some people are concerned about the privacy implications of having their vehicle’s movements and data tracked.
4. Limited applications: Currently, vehicle telematics is mostly used for fleet management and tracking. However, there is potential for it to be used for other applications such as insurance, navigation, and infotainment.
5. Complexity: Vehicle telematics can be complex to set up and use, which may deter some potential users.
Market Segments
The Vehicle Telematics Market is segmented on the basis of channel type, vehicle type, connectivity solution, and region. By channel type, it is bifurcated into OEM and aftermarket. By vehicle type, it is categorized into passenger, commercial vehicles, and two-wheeler. By connectivity solution, it is divided into embedded, integrated smartphones, and tethered. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Vehicle Telematics Market report includes players such as Masternaut Limited, TomTom Telematics B.V, Trimble Inc., Omnitracs ,VERIZON, I.D.Systems, Inc., Airbiquity Inc., Harman International Industries, Inc., MiX Telematics, Teletrac Navman, and CARTRACK.
Table of Contents
Chapter 1. Market Introduction
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Methodologies
1.4. Market Estimation Techniques
Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market
Chapter 3. Vehicle Telematics Market Outlook
3.1. Vehicle Telematics Market segmentation
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.3. Porter’s Five Forces Analysis
3.3.1. Threat of New Entrants
3.3.2. Threat of Substitutes
3.3.3. Bargaining Power of Buyers
3.3.4. Bargaining Power of Supplier
3.3.5. Competitive Rivalry
3.4. PESTLE Analysis
3.5. Value Chain Analysis
3.5.1. Raw Material Suppliers
3.5.2. Manufacturers
3.5.3. Wholesalers and/or Retailers
3.6. Impact of the Russia and Ukraine War on the Vehicle Telematics Market
Chapter 4. Economic Impact of COVID-19
4.1. Overall Impact of COVID-19
4.2. Impact of COVID On the Vehicle Telematics Market
4.3. Economic Impact Analysis
Chapter 5. Vehicle Telematics Market By Channel Type
5.1. Market Overview
5.2. OEM
5.2.1. Market Size and Forecast, 2021-2031 ($Million)
5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.3. Aftermarket
5.3.1. Market Size and Forecast, 2021-2031 ($Million)
5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 6. Vehicle Telematics Market By Vehicle Type
6.1. Market Overview
6.2. Passenger vehicle
6.2.1. Market Size and Forecast, 2021-2031 ($Million)
6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.3. Commercial vehicle
6.3.1. Market Size and Forecast, 2021-2031 ($Million)
6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.4. Two wheeler
6.4.1. Market Size and Forecast, 2021-2031 ($Million)
6.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 7. Vehicle Telematics Market By Connectivity Solutions
7.1. Market Overview
7.2. Embedded
7.2.1. Market Size and Forecast, 2021-2031 ($Million)
7.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
7.3. Integrated smartphones
7.3.1. Market Size and Forecast, 2021-2031 ($Million)
7.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
7.4. Tethered
7.4.1. Market Size and Forecast, 2021-2031 ($Million)
7.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 8. Vehicle Telematics Market, by Region
8.1. Overview
8.2. North America
8.2.1. Key Market Trends and Opportunities
8.2.2. North America Vehicle Telematics Market Size and Forecast By Vehicle Type, 2021-2031, ($Million)
8.2.3. North America Vehicle Telematics Market Size and Forecast By Channel Type, 2021-2031, ($Million)
8.2.4. North America Vehicle Telematics Market Size and Forecast By Connectivity Solutions, 2021-2031, ($Million)
8.2.5. The U.S.
8.2.5.1. The U.S. Vehicle Telematics Market Size and Forecast By Vehicle Type, 2021-2031, ($Million)
8.2.5.2. The U.S. Vehicle Telematics Market Size and Forecast By Channel Type, 2021-2031, ($Million)
8.2.5.3. The U.S. Vehicle Telematics Market Size and Forecast By Connectivity Solutions, 2021-2031, ($Million)
8.2.6. Canada
8.2.6.1. Canada Vehicle Telematics Market Size and Forecast By Vehicle Type, 2021-2031, ($Million)
8.2.6.2. Canada Vehicle Telematics Market Size and Forecast By Channel Type, 2021-2031, ($Million)
8.2.6.3. Canada Vehicle Telematics Market Size and Forecast By Connectivity Solutions, 2021-2031, ($Million)
8.2.7. Mexico
8.2.7.1. Mexico Vehicle Telematics Market Size and Forecast By Vehicle Type, 2021-2031, ($Million)
8.2.7.2. Mexico Vehicle Telematics Market Size and Forecast By Channel Type, 2021-2031, ($Million)
8.2.7.3. Mexico Vehicle Telematics Market Size and Forecast By Connectivity Solutions, 2021-2031, ($Million)
8.3. Europe
8.3.1. Key Market Trends and Opportunities
8.3.2. Europe Vehicle Telematics Market Size and Forecast By Vehicle Type, 2021-2031, ($Million)
8.3.3. Europe Vehicle Telematics Market Size and Forecast By Channel Type, 2021-2031, ($Million)
8.3.4. Europe Vehicle Telematics Market Size and Forecast By Connectivity Solutions, 2021-2031, ($Million)
8.3.5. Germany
8.3.5.1. Germany Vehicle Telematics Market Size and Forecast By Vehicle Type, 2021-2031, ($Million)
8.3.5.2. Germany Vehicle Telematics Market Size and Forecast By Channel Type, 2021-2031, ($Million)
8.3.5.3. Germany Vehicle Telematics Market Size and Forecast By Connectivity Solutions, 2021-2031, ($Million)
8.3.6. France
8.3.6.1. France Vehicle Telematics Market Size and Forecast By Vehicle Type, 2021-2031, ($Million)
8.3.6.2. France Vehicle Telematics Market Size and Forecast By Channel Type, 2021-2031, ($Million)
8.3.6.3. France Vehicle Telematics Market Size and Forecast By Connectivity Solutions, 2021-2031, ($Million)
8.3.7. U.K.
8.3.7.1. U.K. Vehicle Telematics Market Size and Forecast By Vehicle Type, 2021-2031, ($Million)
8.3.7.2. U.K. Vehicle Telematics Market Size and Forecast By Channel Type, 2021-2031, ($Million)
8.3.7.3. U.K. Vehicle Telematics Market Size and Forecast By Connectivity Solutions, 2021-2031, ($Million)
8.3.8. Spain
8.3.8.1. Spain Vehicle Telematics Market Size and Forecast By Vehicle Type, 2021-2031, ($Million)
8.3.8.2. Spain Vehicle Telematics Market Size and Forecast By Channel Type, 2021-2031, ($Million)
8.3.8.3. Spain Vehicle Telematics Market Size and Forecast By Connectivity Solutions, 2021-2031, ($Million)
8.3.9. Italy
8.3.9.1. Italy Vehicle Telematics Market Size and Forecast By Vehicle Type, 2021-2031, ($Million)
8.3.9.2. Italy Vehicle Telematics Market Size and Forecast By Channel Type, 2021-2031, ($Million)
8.3.9.3. Italy Vehicle Telematics Market Size and Forecast By Connectivity Solutions, 2021-2031, ($Million)
8.3.10. Rest of Europe
8.3.10.1. Rest of Europe Vehicle Telematics Market Size and Forecast By Vehicle Type, 2021-2031, ($Million)
8.3.10.2. Rest of Europe Vehicle Telematics Market Size and Forecast By Channel Type, 2021-2031, ($Million)
8.3.10.3. Rest of Europe Vehicle Telematics Market Size and Forecast By Connectivity Solutions, 2021-2031, ($Million)
8.4. Asia-Pacific
8.4.1. Key Market Trends and Opportunities
8.4.2. Asia-Pacific Vehicle Telematics Market Size and Forecast By Channel Type, 2021-2031, ($Million)
8.4.3. Asia-Pacific Vehicle Telematics Market Size and Forecast By Vehicle Type, 2021-2031, ($Million)
8.4.4. Asia-Pacific Vehicle Telematics Market Size and Forecast By Connectivity Solutions, 2021-2031, ($Million)
8.4.5. China
8.4.5.1. China Vehicle Telematics Market Size and Forecast By Vehicle Type, 2021-2031, ($Million)
8.4.5.2. China Vehicle Telematics Market Size and Forecast By Channel Type, 2021-2031, ($Million)
8.4.5.3. China Vehicle Telematics Market Size and Forecast By Connectivity Solutions, 2021-2031, ($Million)
8.4.6. India
8.4.6.1. India Vehicle Telematics Market Size and Forecast By Vehicle Type, 2021-2031, ($Million)
8.4.6.2. India Vehicle Telematics Market Size and Forecast By Channel Type, 2021-2031, ($Million)
8.4.6.3. India Vehicle Telematics Market Size and Forecast By Connectivity Solutions, 2021-2031, ($Million)
8.4.7. Japan
8.4.7.1. Japan Vehicle Telematics Market Size and Forecast By Vehicle Type, 2021-2031, ($Million)
8.4.7.2. Japan Vehicle Telematics Market Size and Forecast By Channel Type, 2021-2031, ($Million)
8.4.7.3. Japan Vehicle Telematics Market Size and Forecast By Connectivity Solutions, 2021-2031, ($Million)
8.4.8. South Korea
8.4.8.1. South Korea Vehicle Telematics Market Size and Forecast By Vehicle Type, 2021-2031, ($Million)
8.4.8.2. South Korea Vehicle Telematics Market Size and Forecast By Channel Type, 2021-2031, ($Million)
8.4.8.3. South Korea Vehicle Telematics Market Size and Forecast By Connectivity Solutions, 2021-2031, ($Million)
8.4.9. Rest of APAC
8.4.9.1. Rest of APAC Vehicle Telematics Market Size and Forecast By Vehicle Type, 2021-2031, ($Million)
8.4.9.2. Rest of APAC Vehicle Telematics Market Size and Forecast By Channel Type, 2021-2031, ($Million)
8.4.9.3. Rest of APAC Vehicle Telematics Market Size and Forecast By Connectivity Solutions, 2021-2031, ($Million)
8.5. Rest of the World
8.5.1. Key Market Trends and Opportunities
8.5.2. Rest of the World Vehicle Telematics Market Size and Forecast By Vehicle Type, 2021-2031, ($Million)
8.5.3. Rest of the World Vehicle Telematics Market Size and Forecast By Channel Type, 2021-2031, ($Million)
8.5.4. Rest of the World Vehicle Telematics Market Size and Forecast By Connectivity Solutions, 2021-2031, ($Million)
8.5.5. Latin America
8.5.5.1. Latin America Vehicle Telematics Market Size and Forecast By Vehicle Type, 2021-2031, ($Million)
8.5.5.2. Latin America Vehicle Telematics Market Size and Forecast By Channel Type, 2021-2031, ($Million)
8.5.5.3. Latin America Vehicle Telematics Market Size and Forecast By Connectivity Solutions, 2021-2031, ($Million)
8.5.6. Middle East
8.5.6.1. Middle East Vehicle Telematics Market Size and Forecast By Vehicle Type, 2021-2031, ($Million)
8.5.6.2. Middle East Vehicle Telematics Market Size and Forecast By Channel Type, 2021-2031, ($Million)
8.5.6.3. Middle East Vehicle Telematics Market Size and Forecast By Connectivity Solutions, 2021-2031, ($Million)
8.5.7. Africa
8.5.7.1. Africa Vehicle Telematics Market Size and Forecast By Vehicle Type, 2021-2031, ($Million)
8.5.7.2. Africa Vehicle Telematics Market Size and Forecast By Channel Type, 2021-2031, ($Million)
8.5.7.3. Africa Vehicle Telematics Market Size and Forecast By Connectivity Solutions, 2021-2031, ($Million)
Chapter 9. Competitive Landscape
9.1. Market Overview
9.2. Market Share Analysis/Key Player Positioning
9.3. Developmental Strategy Benchmarking
9.3.1. New Product Development
9.3.2. Product Launches
9.3.3. Business Expansions
9.3.4. Partnerships, Joint Ventures, and Collaborations
9.3.5. Mergers and Acquisitions
Chapter 10. Company Profiles
10.1. Masternaut Limited
10.1.1. Company Snapshot
10.1.2. Financial Performance
10.1.3. Product Offerings
10.1.4. Key Strategic Initiatives
10.1.5. SWOT Analysis
10.2. TomTom Telematics B.V
10.2.1. Company Snapshot
10.2.2. Financial Performance
10.2.3. Product offerings
10.2.4. Key Strategic Initiatives
10.2.5. SWOT Analysis
10.3. Trimble Inc
10.3.1. Company Snapshot
10.3.2. Financial Performance
10.3.3. Product offerings
10.3.4. Key Strategic Initiatives
10.3.5. SWOT Analysis
10.4. Omnitracs
10.4.1. Company Snapshot
10.4.2. Financial Performance
10.4.3. Product offerings
10.4.4. Key Strategic Initiatives
10.4.5. SWOT Analysis
10.5. VERIZON
10.5.1. Company Snapshot
10.5.2. Financial Performance
10.5.3. Product offerings
10.5.4. Key Strategic Initiatives
10.5.5. SWOT Analysis
10.6. I.D.Systems, Inc
10.6.1. Company Snapshot
10.6.2. Financial Performance
10.6.3. Product offerings
10.6.4. Key Strategic Initiatives
10.6.5. SWOT Analysis
10.7. Airbiquity Inc.
10.7.1. Company Snapshot
10.7.2. Financial Performance
10.7.3. Product offerings
10.7.4. Key Strategic Initiatives
10.7.5. SWOT Analysis
10.8. Harman International Industries, Inc.
10.8.1. Company Snapshot
10.8.2. Financial Performance
10.8.3. Product offerings
10.8.4. Key Strategic Initiatives
10.8.5. SWOT Analysis
10.9. MiX Telematics
10.9.1. Company Snapshot
10.9.2. Financial Performance
10.9.3. Product offerings
10.9.4. Key Strategic Initiatives
10.9.5. SWOT Analysis
10.10. Teletrac Navman
10.10.1. Company Snapshot
10.10.2. Financial Performance
10.10.3. Product offerings
10.10.4. Key Strategic Initiatives
10.10.5. SWOT Analysis
*The list of company is subject to change during the final compilation of the report
Key Players
- Masternaut Limited
- TomTom Telematics B.V
- Trimble Inc.
- Omnitracs
- VERIZON
- I.D.Systems, Inc.
- Airbiquity Inc.
- Harman International Industries, Inc.
- MiX Telematics
- Teletrac Navman
- CARTRACK
Market Segments
- By Channel Type
- OEM
- Aftermarket
- By Vehicle Type
- Passenger vehicle
- Commercial vehicle
- Two wheeler
- By Connectivity Solutions
- Embedded
- Integrated smartphones
- Tethered
- By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- The UK
- Germany
- France
- Spain
- Rest of Europe
- The Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- The Middle East
- Africa
- North America