Press release
Commercial Vehicle Telematics Market Overview: Major Segments, Strategic Developments, and Leading Companies
Commercial Vehicle Telematics Market
Strong Growth Outlook for the Commercial Vehicle Telematics Market Size
The commercial vehicle telematics market is projected to reach $162.43 billion by 2030, growing at an impressive compound annual growth rate (CAGR) of 15.4%. This robust growth is fueled by several factors, including the rising use of connected commercial vehicles, expanding electric fleet telematics, and an increased focus on data-driven fleet optimization. Additionally, investments in predictive maintenance and advanced compliance and safety management tools contribute to this upward trajectory. Key trends expected to influence the market include the adoption of AI-powered fleet intelligence platforms, integration of autonomous and semi-autonomous vehicle monitoring systems, expansion of IoT-enabled real-time telematics, advances in cloud-based fleet optimization, and development of intelligent driver and route management solutions.
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Leading Players Shaping the Commercial Vehicle Telematics Industry
Several prominent companies currently dominate the commercial vehicle telematics market landscape. These 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, Telemax Telematics Pty Ltd, and AirIQ Inc.
Strategic Partnerships Enhancing Market Capabilities
In February 2024, Geotab, a Canada-based telematics provider, partnered with Daimler Truck North America (DTNA) to improve fleet management efficiency. This collaboration integrates Daimler truck data into Geotab's platform, allowing for quicker, data-driven decision-making aimed at boosting safety, operational efficiency, and sustainability. Daimler Truck North America, a major U.S.-based commercial vehicle manufacturer and subsidiary of Daimler Truck AG, benefits from this partnership through enhanced fleet insights and optimization.
View the full commercial vehicle telematics market report:
https://www.thebusinessresearchcompany.com/report/commercial-vehicle-telematics-global-market-report
Innovations and Future Trends in Commercial Vehicle Telematics
Market leaders are placing strong emphasis on developing innovative technologies that reduce costly operational failures and minimize vehicle downtime. One such advancement is the electronic brake performance monitoring system, a digital safety solution that continuously evaluates braking efficiency and component health to detect faults early and ensure optimal function. For example, in April 2025, Samsara Inc., a UK-based IoT and cloud software firm, launched its Electronic Brake Performance Monitoring System (EBPMS). This system helps fleet operators comply with Driver and Vehicle Standards Agency (DVSA) regulations by monitoring trailer braking data in real time, reducing the need for frequent physical brake inspections and enabling proactive maintenance. Samsara's EBPMS integrates with trailer electronic braking systems via its Asset Gateway, providing real-time alerts and detailed compliance reports. This innovation can save fleets up to £1,200 per trailer each year while lowering downtime and preventing costly failures.
How the Commercial Vehicle Telematics Market Is Segmented Globally
This report divides the commercial vehicle telematics market into the following segments:
1) By Type: Solutions and Services
2) By Provider Type: Original Equipment Manufacturer (OEM) and Aftermarket
3) By Vertical Industries: Transportation and Logistics, Government and Utilities, Travel and Tourism, Construction, Education, Healthcare, and Other Verticals
Detailed subcategories include:
- Solutions: Fleet Management Solutions, Navigation and Routing Solutions, Driver Behavior Monitoring Solutions, Vehicle Tracking Solutions, Maintenance Management Solutions, and other telematics solutions
- Services: Installation Services, Data Analytics Services, Consulting Services, Customer Support Services, Maintenance and Repair Services, and other related services such as training and software updates
This segmentation provides a comprehensive view of the market's diverse offerings and the industries it serves, highlighting the various avenues of growth and specialization within commercial vehicle telematics.
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