openPR Logo
Press release

Electric Vehicle Telematics Market is Anticipated to Expand upto $25.89 Billion in 2029

09-09-2025 08:49 AM CET | Logistics & Transport

Press release from: The Business Research Company

Electric Vehicle Telematics

Electric Vehicle Telematics

Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.

What Is the Forecasted Market Growth Rate of the Electric Vehicle Telematics Industry?
The expansion of the electric vehicle telematics market size has been rapid in the past couple of years. The market is projected to escalate from $10.39 billion in 2024 to $12.66 billion in 2025, with a compound annual growth rate (CAGR) of 21.9%. The exponential growth observed during the historical period can be attributed to several factors including enhanced vehicle tracking, remote diagnostics, integration with charging infrastructure, heightened fleet management, range prediction, driver behavior scrutiny, over-the-air updates, energy management, predictive maintenance, and feedback on eco-driving.

How Will the Electric Vehicle Telematics Market Size Evolve From 2025 to 2029?
Anticipated swift expansion is on the horizon for the electric vehicle telematics market, which is predicted to reach $25.89 billion in 2029, showcasing a compound annual growth rate (CAGR) of 19.6%. Factors contributing to the growth within the projected period include an elevated demand for connected vehicle services, predictions of the battery state of charge (SoC), estimates of driving range, forecasts for energy consumption, capacity of predicting charging station availability, analysis of traffic conditions, assessment of weather impacts, projections of driver behavior, route optimization, predictions of vehicle health and the demand for charging services. Key trends projected within this period encompass advancements in telematics technology, enhancement of charging infrastructure, integration with smart grids, shift towards usage-based insurance models, increased emphasis on data security and privacy, and the emergence of advanced applications such as V2X communication.

Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/electric-vehicle-telematics-global-market-report

What Are the Main Growth Drivers in the Electric Vehicle Telematics Market Today?
The surge in preference for electric vehicles is predicted to stimulate the expansion of the electric vehicle telematics market. This preference reflects the growing embracement of vehicles energized by electricity and electric motors, taking the place of conventional internal combustion engine (ICE) vehicles. The demand surge for this alternative stems from the enhanced accessibility of charging infrastructure, heightened consumer interest, and diverse environmental norms. Telematics for these electric vehicles boosts their functionality and efficiency by delivering real-time information, facilitating remote observation and regulation, making it possible for predictive maintenance, and offering connectivity specifications. For example, as per the Electric Vehicle Council, a national entity based in Australia, there was a substantial spike in electric vehicle (EV) sales in Australia in July 2023, hitting 46,624 by June 2023, almost tripling the number from the corresponding period in 2022 and reflecting a 269% escalation. EVs currently account for 8.4% of new vehicle sales, a climb of 120.5% from 2022. Therefore, the surge in the preference for electric vehicles is the driving force behind the expansion of the electric vehicle telematics market.

Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14350&type=smp

Which Electric Vehicle Telematics Market Segment Is Expected to Lead Through 2029?
The electric vehicle telematics market covered in this report is segmented -

1) By Technology: Embedded, Retrofitted
2) By Vehicle Type: Two Wheelers, Passenger Vehicles, Commercial
3) By Application: Safety And Security, Entertainment, Information And Navigation, Diagnostics, Other Applications

Subsegments:
1) By Embedded: In-Vehicle Telematics Systems, OEM Integrated Telematics, Cloud-Based Telematics Platforms, On-Board Diagnostic (OBD) Systems
2) By Retrofitted: After market Telematics Devices, Plug-And-Play Telematics Kits, Mobile-Based Retrofitting Solutions, External Telematics Units For EVs

Which Market Trends Are Expected to Dominate Electric Vehicle Telematics Industry Growth?
Leading enterprises in the electric vehicle telematics market are concentrating their efforts on innovation, such as data analysis technology for global positioning systems (GPS), to establish an upper hand in the industry. The GPS data analysis technology involves processing and interpreting global position system data, extracting vital insights. By using algorithms, statistical methods, and visualization techniques, it is possible to analyze location-based data obtained from GPS satellites. For instance, Quartix, a tech firm based in the UK, unveiled a new service named EVolve in May 2022. The service aids companies in handling their transition to electric vehicles by examining a fleet's GPS data, the types of vehicles, distances covered, and the latest information on electric vehicles and charging points. It streamlines the selection of the appropriate electric vehicles for fleet inclusion and aids in emission reduction. This tool enables fleets to make significant decisions based on their specific data, making the move to electric vehicles less daunting.

Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=14350&type=smp

Which Companies Hold the Largest Market Share in the Electric Vehicle Telematics Sector?
Major companies operating in the electric vehicle telematics market are Verizon Communications Inc., Robert Bosch GmbH, Tesla Inc., Siemens AG, Denso Corporation, Continental AG, Hundai Kefico, Toyota Industries Corporation, Valeo Corporation, Infineon Technologies AG, Renesas Electronics, HARMAN International, Microchip Technology, Trimble Inc., Vishay Intertechnology Inc., Geotab Inc., Agero Inc., Inventure Ltd., TomTom International BV, Danfoss, Azuga Inc., Airbiquity Inc., Hangzhou Tiecheng Information Technology, Intellicar Telematics

Where Is the Electric Vehicle Telematics Market Experiencing the Highest Growth?
Asia-Pacific was the largest region in the electric vehicle telematics market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the electric vehicle telematics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Speak With Our Expert:
Saumya Sahay,
Americas: +1 310-496-7795,
Asia: +44 7882 955267 & +91 8897263534,
Europe: +44 7882 955267,
Email: saumyas@tbrc.info

The Business Research Company - www.thebusinessresearchcompany.com

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company

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 Electric Vehicle Telematics Market is Anticipated to Expand upto $25.89 Billion in 2029 here

News-ID: 4175061 • Views:

More Releases from The Business Research Company

Top Market Shifts Transforming the Rainwater Harvesting Systems Market Landscape: Key Insights
Top Market Shifts Transforming the Rainwater Harvesting Systems Market Landscape …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Is the Expected CAGR for the Rainwater Harvesting Systems Market Through 2025? Over the past few years, there has been substantial growth in the market size of rainwater harvesting systems. The industry, which was valued at $1.94 billion in 2024, is predicted to rise to $2.07 billion by
Live Concerts Fueling Surge In Percussion Instruments Market Growth: Transformative Forces Shaping the Percussion Instruments Market Landscape in 2025
Live Concerts Fueling Surge In Percussion Instruments Market Growth: Transformat …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Will the Percussion Instruments Industry Market Size Be by 2025? Over the past few years, the market size of percussion instruments has examined a steady rise. With an increase from $1.44 billion in 2024 to $1.47 billion in 2025, it expects a Compound Annual Growth Rate (CAGR) of
Emerging Trends to Drive Hydraulic Equipment Market Growth at 3.5% CAGR Through 2029
Emerging Trends to Drive Hydraulic Equipment Market Growth at 3.5% CAGR Through …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. Hydraulic Equipment Market Size Growth Forecast: What to Expect by 2025? The size of the hydraulic equipment market has consistently increased in the past few years. Projections show that it will rise from $45.21 billion in 2024 to $46.86 billion in 2025, recording a compound annual growth rate (CAGR)
Emerging Trends to Reshape the Fishing Drones Market: Innovative Advancement In Fishing Technology Revolutionizing The Fishing Drone Market as a Key Influencer
Emerging Trends to Reshape the Fishing Drones Market: Innovative Advancement In …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. Fishing Drones Market Size Valuation Forecast: What Will the Market Be Worth by 2025? The market size of fishing drones has seen a swift increase in the past few years. An expansion from $0.89 billion in 2024 to $0.99 billion in 2025, representing a compound annual growth rate (CAGR)

All 5 Releases


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,