Commercial Telematics Market Dynamics, Competitive Forces and Strategic Pathways

Commercial Telematics Market Size, Innovations and Growth Prospects

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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Introduction

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.

• According to the 5G Americas, there were around 2 billion 5G consumers globally in 2024 that is projected to reach 7.7 billion in 2028.

Highlights of the Commercial Telematics Market

• North America held the largest share of the commercial telematics market due to the presence of several telematics solution providers such as Verizon Connect and Omnitracs in this region.
• Asia Pacific is expected to grow with the highest CAGR due to the rising development in the logistics industry in this region.
• The aftermarket segment dominated the market due to the growing demand for aftermarket telematics for infotainment and navigation services.
• The solution segment led the market due to the increasing demand for 5G ready telematics solutions around the world.

Commercial Telematics: Trends in the Industry

• Numerous automotive brands are collaborating with telematics providers to enhance the operational efficiency of fleet operators. For instance, in February 2025, Targa Telematics collaborated with Volkswagen Group. This collaboration is done for developing advanced telematics solution for fleet operators across Europe.
• Several telematics providers are launching new telematics solutions for enhancing the efficiency of trailer operators. For instance, in July 2024, ZF launched a new range of trailer telematics solution. This solution is designed for improving uptime and performance for the trailer manufacturers.
• The market players are increasing their focus on developing AI-based telematics solutions to improve the operations in commercial fleets. For instance, in November 2024, Fleetx launched an AI-based telematics platform. This telematics solution is designed to manage trailer operations across India.
• The fleet operators are integrating advanced telematics solutions in their vehicles for real time tracking and improved driver safety.

Industry Leader Announcement

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.”

Geographical Insights

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.

Competitive Landscape

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.

• According to the annual report of Trimble, the revenue of the company in 2022 was US$ 3676.30 million that increased to US$ 3798.70 million in 2023.

Market Segmentations

By Solution Type

• OEM
• Aftermarket

By Application

• Solutions
• Services

By End-User

• Transportation & Logistics
• Insurers
• Healthcare
• Media and Entertainment
• Vehicle Manufacturers/Dealers
• Government Agencies

By Region

• North America
• Europe  
• Asia Pacific  
• Latin America
• Middle East and Africa