Press release
Global Trends Overview: The Rapid Evolution of the Trailer Telematics Retrofit Kit Market
The trailer telematics retrofit kit market is positioned for significant expansion over the coming years, driven by increasing demands for enhanced fleet management solutions. This report offers an insightful overview of market size projections, major players, current trends, and key segmentation, painting a detailed picture of the future landscape.Projected Expansion of the Trailer Telematics Retrofit Kit Market Through 2030
The trailer telematics retrofit kit market is anticipated to grow rapidly, reaching a market value of $2.88 billion by 2030. This represents a robust compound annual growth rate (CAGR) of 13.6%. The market's upward trajectory is supported by several factors, including heightened emphasis on predictive maintenance practices, growing investments in connected fleet systems, greater adoption of data-driven fleet management, the spread of retrofit-compatible telematics technologies, and increased demand for real-time monitoring of cargo conditions. Key trends shaping the market's evolution include advances in telematics sensor technology, innovations in low-power connectivity modules, development of integrated trailer intelligence platforms, AI-driven diagnostics, and improvements in cloud-based remote monitoring solutions.
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Leading Organizations Operating in the Trailer Telematics Retrofit Kit Market
The industry is currently dominated by a range of influential companies such as Continental AG, ZF Friedrichshafen AG, Carrier Global Corporation, Trimble Inc., Sensata Technologies Inc., and Schmitz Cargobull AG. Other key players include Quectel Wireless Solutions Co. Ltd., Samsara Inc., Clarience Technologies, Teltonika Telematics, CalAmp Corporation, ORBCOMM Inc., PowerFleet Inc., Microlise Group plc, Tive Inc., Ruptela Group, Idem Telematics GmbH, Krone Commercial Vehicle SE, Phillips Connect Technologies Private Limited, Globe Tracker ApS, and Hamaton Automotive Technology Co. Ltd.
An important development took place in September 2024 when US-based PowerFleet Inc., a provider of fleet telematics and IoT solutions, acquired Fleet Complete for around $200 million. This acquisition is intended to strengthen PowerFleet's trailer telematics gateway offerings by integrating Fleet Complete's connectivity platform, telematics hardware, and asset-tracking capabilities. Fleet Complete, a Canadian company, is recognized for its reliable trailer telematics retrofit kits and fleet management solutions, with a strong foothold in North America and beyond.
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Technological Innovations Supporting Trailer Telematics Retrofit Kit Market Growth
Leading companies in this market are prioritizing the creation of user-friendly retrofit kits that improve operational efficiency and provide clearer fleet visibility. These kits are designed to be simple to install, enabling existing trailers to be upgraded with modern telematics features without major modifications. Such retrofit solutions help reduce fleet management complexity while enhancing functionality.
For example, in March 2025, Utility Trailer Manufacturing Company LLC, a US trailer manufacturer, introduced significant enhancements to its trailer telematics retrofit kits. These kits can be installed on existing dry vans, flatbeds, or refrigerated trailers within about 15 minutes at dealerships, effectively converting standard trailers into connected smart assets without the need for factory installation.
Defining the Segments Within the Trailer Telematics Retrofit Kit Market
This report divides the trailer telematics retrofit kit market into several key segments to provide a comprehensive analysis:
1) Component Types: Hardware, Software, and Services
2) Product Categories: Gateways and Nosebox Devices, Sensor Bundles, Solar-Powered Battery Modules, Subscriber Identity Modules (SIMs), Cloud-Based Software as a Service (SaaS), and Installation and Professional Retrofit Services
3) Distribution Channels: Original Equipment Manufacturers (OEMs) and Aftermarket
4) Application Areas: Dry Vans and Box Trailers, Refrigerated Reefers and Cold Chain, Tankers and Bulk Trailers, Flatbeds and Specialized Trailers, Rental and Pooled Assets, and Intermodal Trailers
5) End Users: Transportation and Logistics, Construction, Mining, Oil and Gas, and Food and Beverage sectors
Further breakdowns include:
- Hardware components such as Telematics Control Unit (TCU) Gateways, sensors, connectivity modules, and auxiliary devices
- Software elements covering cloud platform SaaS, onboard firmware, analytics engines, and integration services
- Service offerings including professional services, managed services, and aftermarket support
This detailed segmentation helps stakeholders understand the specific areas driving growth and innovation within the trailer telematics retrofit kit market.
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