Product Code: GVR-4-68040-569-3
Market Size & Trends:
The global commercial vehicle telematics market size was valued at USD 61.52 billion in 2024 and is expected to grow at a CAGR of 13.8% from 2025 to 2030. The rising demand for fleet management solutions is a significant driver for the commercial vehicle telematics market. Companies are increasingly adopting telematics systems to optimize route planning, monitor driver behavior, and manage vehicle maintenance, all of which lead to improved operational efficiency and reduced costs. Real-time fleet tracking and data insights help businesses streamline their logistics operations and enhance customer satisfaction.
Another major catalyst is government regulations and compliance requirements. Regulatory bodies across regions, particularly in North America and Europe, mandate the use of electronic logging devices (ELDs), vehicle diagnostics, and tracking systems to ensure safety and labor law compliance. Rules such as the Hours of Service (HOS) regulations in the United States have made telematics adoption almost compulsory for commercial fleet operators, further boosting market growth.
The market is further fueled by the increasing penetration of connectivity technologies such as 4G, 5G, and IoT. These advancements allow seamless, real-time data transmission and cloud-based fleet management, making telematics solutions more powerful and accessible. As connected vehicles become the norm, telematics will continue to be a crucial part of commercial vehicle operations. Cost reduction and operational efficiency have become key business imperatives, and telematics technology directly supports these goals. By enabling predictive maintenance, fuel usage monitoring, route optimization, and minimizing vehicle idling, telematics helps fleet operators significantly lower their operating costs while extending the life of their vehicles.
The growing adoption of electric and autonomous commercial vehicles is also driving the telematics market. Electric fleets require continuous monitoring of battery performance, charging infrastructure, and range management, while autonomous vehicles depend heavily on telematics for navigation, vehicle-to-vehicle (V2V) communication, and remote diagnostics. This transition to advanced vehicle technologies naturally elevates the role of telematics solutions.
One significant restraint for the commercial vehicle telematics market is the high initial investment and ongoing operational costs associated with deploying telematics systems. Small and medium-sized fleet operators, in particular, often find the upfront costs of hardware installation (such as GPS trackers, sensors, and onboard diagnostics devices) and the recurring subscription fees for telematics services to be prohibitive. Additionally, integrating telematics solutions into existing fleet management workflows can require considerable time, training, and IT resources. These cost-related barriers can slow down adoption, especially in price-sensitive markets or among companies with limited technology budgets, thereby limiting the overall market growth potential.
Global Commercial Vehicle Telematics Market Report Segmentation
This report forecasts revenue growth at regional and country levels and provides an analysis on the industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the commercial vehicle telematics market report based on component, provider, end use, and region.
- Component Outlook (Revenue, USD Million; 2018 - 2030)
- Solution
- Fleet Tracking and Monitoring
- Driver Management
- Insurance Telematics
- Safety and Compliance
- V2X solutions
- Others
- Services
- Professional Services
- Managed Services
- Provider Outlook (Revenue, USD Million; 2018 - 2030)
- OEM
- Aftermarket
- End use Outlook (Revenue, USD Million; 2018 - 2030)
- Transportation & logistics
- Government & Utilities
- Travel & Tourism
- Construction
- Others
- Region Outlook (Revenue, USD Million; 2018 - 2030)
- North America
- Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Latin America
- Middle East & Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. Country Based Segment Share Calculation
- 1.8. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Commercial Vehicle Telematics Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Drivers Analysis
- 3.2.2. Market Restraints Analysis
- 3.2.3. Industry Challenge
- 3.3. Commercial Vehicle Telematics Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining Power Of The Suppliers
- 3.3.1.2. Bargaining Power Of The Buyers
- 3.3.1.3. Threats Of Substitution
- 3.3.1.4. Threats From New Entrants
- 3.3.1.5. Competitive Rivalry
- 3.3.2. PESTEL Analysis
Chapter 4. Commercial Vehicle Telematics Market: Component Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Commercial Vehicle Telematics Market: Component Movement Analysis, 2024 & 2030 (USD Million)
- 4.3. Solution
- 4.3.1. Solution Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.2. Fleet Tracking and Monitoring
- 4.3.2.1. Fleet Tracking and Monitoring Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.3. Driver Management
- 4.3.3.1. Driver Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.4. Insurance Telematics
- 4.3.4.1. Insurance Telematics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.5. Safety and Compliance
- 4.3.5.1. Safety and Compliance Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.6. V2X solutions
- 4.3.6.1. V2X solutions Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.7. Others
- 4.3.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Services
- 4.4.1. Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.2. Professional Services
- 4.4.2.1. Professional Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.3. Managed Services
- 4.4.3.1. Managed Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Commercial Vehicle Telematics Market: Provider Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Commercial Vehicle Telematics Market: Provider Movement Analysis, 2024 & 2030 (USD Million)
- 5.3. OEM
- 5.3.1. OEM Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Aftermarket
- 5.4.1. Aftermarket Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Commercial Vehicle Telematics Market: End-use Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Commercial Vehicle Telematics Market: End-use Movement Analysis, 2024 & 2030 (USD Million)
- 6.3. Transportation & logistics
- 6.3.1. Transportation & logistics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Government & Utilities
- 6.4.1. Government & Utilities Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Travel & Tourism
- 6.5.1. Travel & Tourism Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. Construction
- 6.6.1. Construction Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.7. Others
- 6.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Commercial Vehicle Telematics Market Region Estimates & Trend Analysis
- 7.1. Commercial Vehicle Telematics Market Share, By Region, 2024 & 2030 (USD Million)
- 7.2. North America
- 7.2.1. North America Commercial Vehicle Telematics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. U.S. Commercial Vehicle Telematics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Canada Commercial Vehicle Telematics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.4. Mexico
- 7.2.4.1. Mexico Commercial Vehicle Telematics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe Commercial Vehicle Telematics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.2. UK
- 7.3.2.1. UK Commercial Vehicle Telematics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.3. Germany
- 7.3.3.1. Germany Commercial Vehicle Telematics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.4. France
- 7.3.4.1. France Commercial Vehicle Telematics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Commercial Vehicle Telematics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.2. China
- 7.4.2.1. China Commercial Vehicle Telematics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.3. India
- 7.4.3.1. India Commercial Vehicle Telematics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.4. Japan
- 7.4.4.1. Japan Commercial Vehicle Telematics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.5. Australia
- 7.4.5.1. Australia Commercial Vehicle Telematics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.6. South Korea
- 7.4.6.1. South Korea Commercial Vehicle Telematics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Commercial Vehicle Telematics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Brazil Commercial Vehicle Telematics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6. MEA
- 7.6.1. MEA Commercial Vehicle Telematics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.2. UAE
- 7.6.2.1. UAE Commercial Vehicle Telematics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.3. KSA
- 7.6.3.1. KSA Commercial Vehicle Telematics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.4. South Africa
- 7.6.4.1. South Africa Commercial Vehicle Telematics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Company Categorization
- 8.2. Company Market Positioning
- 8.3. Company Heat Map Analysis
- 8.4. Company Profiles/Listing
- 8.4.1. Geotab Inc.
- 8.4.1.1. Participant's Overview
- 8.4.1.2. Financial Performance
- 8.4.1.3. Application Benchmarking
- 8.4.1.4. Strategic Initiatives
- 8.4.2. Verizon Communications Inc.
- 8.4.2.1. Participant's Overview
- 8.4.2.2. Financial Performance
- 8.4.2.3. Application Benchmarking
- 8.4.2.4. Strategic Initiatives
- 8.4.3. Omnitracs
- 8.4.3.1. Participant's Overview
- 8.4.3.2. Financial Performance
- 8.4.3.3. Application Benchmarking
- 8.4.3.4. Strategic Initiatives
- 8.4.4. PTC Inc.
- 8.4.4.1. Participant's Overview
- 8.4.4.2. Financial Performance
- 8.4.4.3. Application Benchmarking
- 8.4.4.4. Strategic Initiatives
- 8.4.5. Trimble Inc.
- 8.4.5.1. Participant's Overview
- 8.4.5.2. Financial Performance
- 8.4.5.3. Application Benchmarking
- 8.4.5.4. Strategic Initiatives
- 8.4.6. Samsara Inc.
- 8.4.6.1. Participant's Overview
- 8.4.6.2. Financial Performance
- 8.4.6.3. Application Benchmarking
- 8.4.6.4. Strategic Initiatives
- 8.4.7. Pioneer Corporation
- 8.4.7.1. Participant's Overview
- 8.4.7.2. Financial Performance
- 8.4.7.3. Application Benchmarking
- 8.4.7.4. Strategic Initiatives
- 8.4.8. Fleet Complete
- 8.4.8.1. Participant's Overview
- 8.4.8.2. Financial Performance
- 8.4.8.3. Application Benchmarking
- 8.4.8.4. Strategic Initiatives
- 8.4.9. CalAmp Wireless Networks Corporation
- 8.4.9.1. Participant's Overview
- 8.4.9.2. Financial Performance
- 8.4.9.3. Application Benchmarking
- 8.4.9.4. Strategic Initiatives
- 8.4.10. Fleetx Technologies Private Limited
- 8.4.10.1. Participant's Overview
- 8.4.10.2. Financial Performance
- 8.4.10.3. Application Benchmarking
- 8.4.10.4. Strategic Initiatives
- 8.4.11. FLIR Systems, Inc.
- 8.4.11.1. Participant's Overview
- 8.4.11.2. Financial Performance
- 8.4.11.3. Application Benchmarking
- 8.4.11.4. Strategic Initiatives