Press release
Commercial Vehicle Telematics Software Market to Reach US$ 20.3 Billion by 2032, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more. The report covers market size, demand drivers, challenges, and opportunities across defined segments including offering type, vehicle type, propulsion type, sales channel type, end-use type, and region, enabling strategic insights for OEMs, software developers, fleet operators, and investors.
Request a free sample report:
https://www.stratviewresearch.com/Request-Sample/4088/commercial-vehicle-telematics-software-market.html#form
MARKET STATISTICS
• Market size (2024): USD 6.4 billion
• Forecast value (2032): USD 20.3 billion
• CAGR (2025-2032): 15.5 %
• Forecast period: 2025-2032
• Base year: 2024
• Total number of segments: 6
• Tables & figures: 100+
• Country-Level Market Assessment: 15
MARKET SEGMENTATION
By Offering Type
• Software
• Services
By Vehicle Type
• Light Commercial Vehicles (LCVs)
• Medium & Heavy Commercial Vehicles
By Propulsion Type
• IC Engine Vehicles
• EVs
• Hybrid Vehicles
By Sales Channel Type
• OEMs
• Aftermarket
By End-Use Type
• Fleet Operators
• Auto Financing & Insurance Providers
• Logistics & Cargo Operators
• Public Transportation Authorities
• Emergency Services & First Responders
• Autonomous Vehicle OEMs & Technology Providers
• Agri & Farm Operators
• Mine Developers & Operators
• Others
By Region
• North America
• Europe
• Asia-Pacific
• Rest of the World
SEGMENT ANALYSIS
In offering type, software is the dominant segment because advanced fleet management solutions increasingly rely on software functionalities such as real-time monitoring, predictive maintenance, and data analytics, driving fleet operators to shift spending from basic services to comprehensive software platforms that deliver actionable insights and operational intelligence for decision-making.
For vehicle type, Medium & Heavy Commercial Vehicles (MCHVs) hold the largest share, as fleet operators in logistics, transport, and construction adopt telematics solutions to gain operational visibility, optimize routes, and improve compliance, leading suppliers to tailor solutions for these complex and high-value vehicle categories.
Within propulsion type, EVs are anticipated to dominate, reflecting the increasing electrification of commercial fleets which amplifies the need for software that manages battery performance, charging schedules, and energy-efficient routing, prompting software vendors to expand capabilities for electric and hybrid vehicles.
By sales channel, the OEM segment is both leading and fastest-growing as original equipment manufacturers integrate telematics software into vehicle platforms at the production stage to meet customer expectations for built-in connectivity and to support after-sales services, influencing software developers to pursue collaborations with OEMs.
In end-use type, Auto Financing & Insurance Providers are the fastest-growing segment driven by the increasing use of telematics data to underpin usage-based insurance models and credit risk assessment, encouraging software firms to enhance analytics that support financial services applications.
REGIONAL INSIGHTS
Asia-Pacific holds the largest market share due to significant growth in electric vehicle adoption and telematics services, supported by high commercial vehicle production and strong consumer uptake of connected technologies in China, Japan, and India, which structurally amplifies demand for advanced telematics software solutions tailored to diverse fleet applications.
MARKET DRIVERS
• Rising need to reduce fuel consumption and vehicle downtimes increases demand for telematics software that delivers real-time operational insights.
• Regulatory mandates for safety, emissions tracking, and electronic logging systems push fleet operators to adopt compliant telematics platforms.
• Expansion of connected capabilities and AI analytics enhances fleet efficiency and predictive maintenance needs.
• Increasing electrification of commercial vehicles fuels demand for software with energy-management and EV-specific telematics functions.
• OEM integrations of telematics at the manufacturing level drive embedded software adoption across vehicle fleets.
Top Companies in the Market
• Verizon Connect
• Geotab
• PTC Inc.
• Trimble
• TomTom
• Omnitracs
• Masternaut Limited
• Microlise
• Inseego Corporation
• Samsara
FAQs
1.What is the commercial vehicle telematics software market size and outlook to 2032 ?
The global commercial vehicle telematics software market was valued at USD 6.4 billion in 2024 and is forecast to reach USD 20.3 billion by 2032, reflecting strong growth driven by fleet optimization and efficiency needs.
2.What growth rate is expected for commercial vehicle telematics software through 2032 ?
The market is expected to grow at a CAGR of 15.5 % during the 2025-2032 period, as telematics solutions become integral to fleet management, safety, and compliance strategies.
3.Which offering type dominates the commercial vehicle telematics software market ?
The software segment is dominant due to rising demand for advanced features such as predictive analytics, real-time monitoring, and data-driven fleet insights that go beyond basic services.
4.Why is Asia-Pacific the largest regional market for commercial vehicle telematics software ?
Asia-Pacific leads structurally due to rapid EV adoption, high vehicle production, and strong uptake of connected technologies that expand the need for advanced telematics solutions.
5.Who are the key players in the commercial vehicle telematics software market ?
Major participants include Verizon Connect, Geotab, PTC Inc., Trimble, TomTom, Omnitracs, Masternaut Limited, Microlise, Inseego Corporation, and Samsara, reflecting a competitive global landscape.
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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