Commercial Telematics Market Outlook and Opportunities in Grooming Regions with Forecast 2030

Commercial Telematics Market is predicted to reach USD 62.7 Billion at a CAGR of 14% during the forecast period:

Market Research Future (MRFR) has published a cooked research report on the “Commercial Telematics Market” that contains information from 2018 to 2030. The Commercial Telematics Market is estimated to register a CAGR of 14% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global Commercial Telematics Market — Tomtom International Bv., Zonar Systems, Mix Telematics, Daimler Fleetboard Gmbh, Geotab Inc., Masternaut Limited, Cartrack, Omnitracs, Microlise, Verizon, Navistar, Inc, Trimble Inc., and Fleet Complete

Market Highlights

The global Commercial Telematics Market is accounted to register a CAGR of 14% during the forecast period and is estimated to reach USD 62.7 Billion by 2030

The commercial telematics market refers to the use of technology and communication systems in commercial vehicles to collect, transmit, and analyze data related to the vehicle's performance, location, and driver behavior. This information is typically used by businesses and fleet operators to improve operational efficiency, optimize routes, enhance driver safety, and reduce costs.

Segment Analysis

The global Commercial Telematics Market has been segmented based Solution Type, Application, and end user.

Based on solution type, the market is segmented into OEM and aftermarket. The aftermarket segment held the largest market share of 85.1% in 2020 due to the rising demand for aftermarket telematics for navigation and infotainment services. Moreover, being nascent technology, the only handful of OEMs provide pre-installed telematics solutions. Hence, aftermarket telematics is in high demand.

Based on the application, the market is segmented into solutions and services. In 2020, the solution segment accounted for the largest market share of 81.7% and was expected to continue its dominance during the forecast period. The presence of telematics solutions providers in the market is strong as compared to service providers.

Based on end-user type, the market is segmented into transportation & logistics, insurers, healthcare, media and entertainment, vehicle manufacturers/dealers, and government agencies. Transportation & logistics was leading with a market share of 31.4% in 2020. Commercial telematics is highly used in the transportation and logistics industry for navigation purposes and for monitoring the location.

Regional Analysis

The global Commercial Telematics Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America led the market in 2020 with a market size of USD 11.50 billion. North America has the highest market penetration compared to other regions. The North American market is already in the matured phase. Additionally, the presence of well-established telematics solutions providers in the market, such as Verizon Connect, Omnitracs, and others, is the supporting factor for the market. Moreover, the high adoption rate of connected commercial vehicles and electromobility further accelerates market growth.

Asia Pacific is anticipated to witness the fastest growth of CAGR 25.9% over the forecast period. Growing penetration of telematics in emerging economies such as China, India, Japan, and South Korea are anticipated to fuel the market growth in the region. The availability of a strong automotive and transportation industry with increasing adoption of telematics is anticipated to propel market growth. Rising import-export activities fuel the demand for efficient fleet management, resulting in the market's rapid growth.

Europe held the second-largest market share in 2020. The strong presence of telematics in major countries, including the U.K. and Italy, drives the market growth. Additionally, well-established prominent automakers such as MAN, BMW Group, Daimler, and others support market growth. Increasing demand for safe transport, vehicle diagnostics, navigation, and efficient fleet management services are likely to boost the market in years to come. Germany is expected to witness an eye-catching growth rate over the forecast period.

Key Findings of the Study

• The global Commercial Telematics Market is expected to reach USD 62.7 Billion by 2030 at a CAGR of 14% during the forecast period.


• North America led the market in 2020 with a market size of USD 11.50 billion.


• Based on solution type, the market is segmented into OEM and aftermarket. The aftermarket segment held the largest market share of 85.1% in 2020 due to the rising demand for aftermarket telematics for navigation and infotainment services.


• Tomtom International Bv., Zonar Systems, Mix Telematics, Daimler Fleetboard Gmbh, Geotab Inc., Masternaut Limited, Cartrack, Omnitracs, Microlise, Verizon, Navistar, Inc, Trimble Inc., and Fleet Complete