Press release
Rising Electric Vehicle Adoption Fuels Expansion Of The Commercial Vehicle Telematics Market: The Driving Engine Behind Commercial Vehicle Telematics Market Evolution in 2025
Commercial Vehicle Telematics
Commercial Vehicle Telematics Market Size Growth Forecast: What to Expect by 2025?
The size of the commercial vehicle telematics market has seen significant increase recently. It is predicted to expand from $69.39 billion in 2024 to $79.91 billion in 2025, at a compound annual growth rate (CAGR) of 15.2%. The notable growth observed in the past can be linked to regulatory requirements, enhanced fleet management, operation efficiency and cost reduction, as well as the proliferation of e-commerce and logistics, along with increased demand for instant data and analytics.
How Will the Commercial Vehicle Telematics Market Size Evolve and Grow by 2029?
In the approaching years, the commercial vehicle telematics market size is anticipated to experience accelerated growth, reaching a valuation of $147.03 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 16.5%. The expansion during the anticipated period can be linked to factors such as the increase in connected vehicles, surge in demand for last-mile delivery services, a focus on environmentally friendly and sustainable fleets, proliferation of autonomous vehicles, and the need for predictive maintenance. The forecast period will also witness key trends like improved cybersecurity protocols, a telematics-as-a-service (TaaS) model, telematics usage for electric vehicle (EV) enhancement, real-time traffic administration solutions, and integration with cloud-based platforms.
View the full report here:
https://www.thebusinessresearchcompany.com/report/commercial-vehicle-telematics-global-market-report
What Drivers Are Propelling the Growth of Commercial Vehicle Telematics Market Forward?
The surge in electric vehicle usage is projected to boost the commercial vehicle telematics market in the future. Electric vehicles (EVs), powered through one or multiple electric motors, use electrical energy sourced either from rechargeable batteries or externally. Using telematics to gather and convey data about a vehicle's performance, location, and other elements enhances the efficiency and safety of EVs. For instance, the International Energy Agency, an autonomous intergovernmental organization based in France, reported that electric car sales rose by 3.5 million units in 2023 compared to 2022. Electric vehicles account for roughly 18% of total car sales in 2023, increasing from 14% the previous year. Hence, the mounting demand for electric vehicles fuels the expansion of the commercial vehicle telematics market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12340&type=smp
Which Emerging Trends Are Transforming the Commercial Vehicle Telematics Market in 2025?
Leading enterprises in the commercial vehicle telematics industry are adopting cutting-edge technologies, such as fleet management software, to cater to a wider range of clients, increase sales, and enhance revenue. Fleet management software represents a unique type of technology used to help companies and organizations manage their vehicle fleets efficiently. An example of this is the Ford Pro Fleet Management Software unveiled by Ford Motor Company, a US-based automobile manufacturer, in September 2022. The software's unique feature is its capacity to simplify administrative tasks, replacing complex paperwork with an easily accessible and user-friendly digital system. Built on Fleetio software, the system works with both Ford and non-Ford vehicles and is equipped to handle an unlimited number of fuel payment cards, offers a range of maintenance program options, and smoothly integrates into the broader Ford Pro fleet solutions. This groundbreaking innovation allows for real-time tracking of the entire cost of ownership and digitalization of detailed fleet vehicle reports, thus providing an effective, integrated solution for fleet management.
What Are the Key Segments in the Commercial Vehicle Telematics Market?
The commercial vehicle telematics market covered in this report is segmented -
1) By Type: Solutions, Services
2) By Provider Type: Original Equipment Manufacturer (OEM), After market
3) By Vertical: Transportation And Logistics, Government And Utilities, Travel And Tourism, Construction, Education, Healthcare, Other Verticals
Subsegments:
1) By Solutions: Fleet Management Solutions, Navigation And Routing Solutions, Driver Behavior Monitoring Solutions, Vehicle Tracking Solutions, Maintenance Management Solutions, Other Telematics Solutions
2) By Services: Installation Services, Data Analytics Services, Consulting Services, Customer Support Services, Maintenance And Repair Services, Other Related Services (Training, Software Updates)
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=12340&type=smp
Who Are the Key Players Shaping the Commercial Vehicle Telematics Market's Competitive Landscape?
Major companies operating in the commercial vehicle telematics market include Verizon Communications Inc., Cisco Systems Inc., Continental AG, Navistar International Corporation, Garmin Ltd., Trimble Inc., Tata Motors Limited, PTC Inc., Element Fleet Management Corp, Solera Inc., Samsara Inc., TomTom International BV, Omnitracs LLC, Geotab Inc., CalAmp Corp, Inseego Corporation, Mix Telematics International (Pty) Ltd., Lytx Inc., Zonar Systems Inc., Motive Technologies Inc., Platform Science Inc., Microlise Group PLC, Azuga Inc., Masternaut Limited, Spireon Inc., GPS Insight LLC, NexTraq LLC, Cetaris Co, Telemax Telematics Pty Ltd, AirIQ Inc.
What Geographic Markets Are Powering Growth in the Commercial Vehicle Telematics Market?
Asia-Pacific was the largest region in the commercial vehicle telematics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the commercial vehicle telematics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=12340
This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Rising Electric Vehicle Adoption Fuels Expansion Of The Commercial Vehicle Telematics Market: The Driving Engine Behind Commercial Vehicle Telematics Market Evolution in 2025 here
News-ID: 4098996 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Telematics
Construction Equipment Telematics Market Is Booming Worldwide | Rosenberger Tele …
The latest study released on the Global Construction Equipment Telematics Market by AMA Research evaluates market size, trend, and forecast to 2030. The Construction Equipment Telematics market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Download…
Telematics Market SWOT Analysis, Business Growth Opportunities by 2032 | MiX Tel …
The latest Global Telematics Market research report 2022 provides detailed information about the market overview, prevalent trends, demand, and recent developments impacting the market growth during the upcoming years. The Telematics market report also covers the market size, share, potential growth, and market strategy followed by prominent players. This report also includes profiles for major companies within the market. The report focuses on the Telematics Market size, segment share (product…
Drone Telematics Market 2021 Strategic Assessments - Octo Telematics, Verizon Te …
The Global Drone Telematics Market Size, Status and Forecast 2021
The Global Drone Telematics Market Research Report 2021-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances…
Coronavirus Impact Assessment on Insurance Telematics Market 2020-25 Business In …
Telematics car insurance is when your insurance provider monitors your driving habits and adjusts your car insurance premiums based on how you drive. Provider will be able to track things like your driving speed, how you brake and how you handle corners.
The research report on 'Insurance Telematics market' is now available with Market Growth Insight with detailed study on crucial factors, such as drivers, hampering factors, strengths, weakness, trends,…
What's driving the Drone Telematics Market trends? Octo Telematics, Verizon Tele …
Market Research Intellect has recently published a report on the Global Drone Telematics Market, which presents a detailed market analysis and gives accurate market forecasts for the coming years. The study serves as an exhaustive database for any individual or company interested in the Drone Telematics sector, offering essential information about the industry to help readers make strategic investments. The study includes vital information about the market, which is pictorially…
Global Telematics Software Market 2019, Global Telematics Software Market Price, …
Global Telematics Software Market Growth (Status and Outlook) 2019-2024 gives detailed insight, industry knowledge, analytics, and market forecasts for 2019 to 2024 time period. The report provides market-driven results derived from feasibility studies for client needs. The report verifies qualified and verifiable aspects of Telematics Software market data operating in the real-time scenario. The research study aims to assist industry leaders to make confident capital investment decisions, develop strategic plans,…
