March 2025
The commercial telematics market is expected to increase from USD 99.86 billion in 2025 to USD 1180.63 billion by 2034, growing at a CAGR of 31.58% throughout the forecast period from 2025 to 2034.
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The commercial telematics market is a prominent sector of the automotive industry. This industry deals in developing advanced telematics solutions for commercial vehicles. There are several types of solutions developed in this sector consisting of OEM solutions and aftermarket solutions. It finds application in numerous end-user industries comprising of transportation & logistics, insurers, healthcare, media and entertainment, vehicle manufacturers/dealers and some others. The rising proliferation of 5G technology in different parts of the world has contributed to the industrial expansion. This market is predicted to rise significantly with the growth of the commercial vehicle industry across the world.
In September 2024, Brad Sutton, the Executive Director of Powertrain Engineering at Cummins Inc announced that,”Cummins is partnering with two industry experts on this project, Bosch Global Software and KPIT, two companies that have extensive expertise in vehicle telematics and CAN communications, Our combined expertise and experience enable us to innovate and create new solutions faster than we could individually, creating real value for our customers and their businesses.”
North America held the highest share of the automotive intercooler market. The growing sales of commercial vehicles in Canada and the U.S. has driven the industrial expansion. Also, the increasing demand for SUVs coupled with technological advancements in automotive sector is crucial for the market growth. Moreover, the rapid investment in automotive components industry along with rising demand for vehicles with high-mileage has shaped the industry in a positive direction.
The commercial telematics market is a highly competitive industry with the presence of several dominating players. Some of the crucial players in this industry consists of Geotab Inc. (Oakville, Canada), Trimble Inc. (U.S.), TomTom Telematics BV (Netherlands), Verizon Telematics, Inc. (U.S.), Mix Telematics International (Pty) Ltd (South Africa), Octo Telematics Ltd. (U.K.), Zonar Systems, Inc. (U.S.), Omnitracs LLC (U.S.), Masternaut Limited. (U.K.) and some others. These companies are constantly engaged in developing advanced systems for tracking commercial vehicles and adopting numerous strategies to maintain their dominant position in this industry.
By Solution Type
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March 2025
March 2025
February 2025
February 2025
Dr. Arjun Patel is a distinguished expert in the automotive industry, holding advanced degrees in Automotive Engineering and Mechanical Engineering. His expertise spans automotive market dynamics, technological advancements, and sustainable practices. Dr. Patel excels in conducting in depth research and analysis on market trends, consumer preferences, and the economic implications within the automotive sector. He is renowned for his insightful publications on topics such as electric vehicles, autonomous driving technologies, and the evolution of sustainable transportation solutions. Dr. Patels research contributions have significantly advanced understanding in the field, earning him recognition as a leading authority in automotive research and analysis.
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