- In October 2023, Cummins collaborated with Eclipse Foundation, Microsoft, and other industry leaders to launch a new telematics software for commercial vehicles. The Open Telematics Framework aims to streamline the development process, enabling companies to reduce time to market and cut costs. This initiative is designed to enhance the efficiency of telematics integration for the commercial vehicle sector
- In September 2022, Cambridge Mobile Telematics, a leading provider of vehicle telematics applications, introduced DriveWell Crash & Claims. This innovative solution is designed to streamline the vehicle insurance claims process, offering high efficiency in handling claims related to accidents. The tool leverages telematics data to enhance accuracy and speed, benefiting both insurers and policyholders
- In August 2022, IDEMIA, a leader in identity technologies, launched its Automotive Connectivity Manager Platform, marking the industry's first large-scale remote SIM access campaign. In collaboration with Mercedes-Benz AG, IDEMIA facilitated the transfer of over 700,000 vehicles, transitioning them to a new mobile network application provider via over-the-air applications. This milestone underscores IDEMIA's role in enhancing automotive connectivity and remote management capabilities in the industry
- In June 2022, Geotab, a leading provider of IoT and connected transportation solutions, announced a partnership with Renault to integrate vehicle telematics technologies with its fleet management platform, MyGeotab. This collaboration aims to enhance fleet performance through seamless telematics data integration. By combining Renault's vehicle technologies with Geotab's platform, the partnership seeks to offer more efficient fleet management solutions
- In July 2022, Edelweiss General Insurance, a prominent insurance provider, introduced SWITCH, an on-demand comprehensive motor insurance product in India, under the IRDIA’s Sandbox initiative. SWITCH uses mobile telematics technology to automatically detect vehicle motion and activate insurance coverage as the vehicle is in use. This innovative approach offers customers dynamic, usage-based insurance, bringing flexibility and efficiency to motor insurance policies
Frequently Asked Questions
The market is segmented based on Segmentation, By Provider Type (Original Equipment Manufacturers and Aftermarket), Application (Information and Navigation, Safety and Security, Fleet/Asset Management, Insurance Telematics, Infotainment System, and Others), Technology (Integrated, Tethered, and Embedded), Vertical (Transportation, Logistics, Government, Utilities, Travel, Tourism, Construction, Education, Healthcare, Media, and Entertainment) – Industry Trends and Forecast to 2032
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The Global Vehicle Telematics Market size was valued at USD 102.29 USD Billion in 2024.
The Global Vehicle Telematics Market is projected to grow at a CAGR of 18.5% during the forecast period of 2025 to 2032.
The major players operating in the market include Verizon Connect, Zonar Systems , TomTom Telematics, Robert Bosch GmbH, HARMAN International, Volkswagen Commercial Vehicles, MiX Telematics, Omnitracs, CalAmp, Webfleet Solutions, Inseego Corporation, OCTO Telematics .
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
