North America and Europe to Account for 11 Million Video Telematics Systems in Use by 2027
How will the emerging video telematics market evolve in 2023 and beyond? The report covers the latest trends and developments in the dynamic telematics industry. The analyst forecasts that the active installed base of video telematics systems in Europe and North America will grow at a CAGR of 17.7 percent from almost 5.0 million units at the end of 2022 to 11.3 million by 2027. Get up to date with the latest information about vendors, products and markets.
The integration of cameras to enable various video-based solutions in commercial vehicle environments is a massive trend in the fleet telematics sector. The definition of video telematics includes a broad range of camera-based solutions deployed in commercial vehicle fleets either as standalone applications or as an added feature set to conventional fleet telematics. The frontrunning North American video telematics market is more than three times the size of the European, which is so far largely dominated by activities in the UK. The analyst estimates that the installed base of active video telematics systems in North America reached almost 3.9 million units in 2022. Growing at a compound annual growth rate (CAGR) of 18.0 percent, the active installed base is forecasted to reach 8.8 million units in North America by 2027. In Europe, the installed base of active video telematics systems is estimated to be over 1.1 million units in 2022. The active installed base in the region is forecasted to grow at a CAGR of 17.9 percent to reach 2.5 million video telematics systems in 2027.
The video telematics market is served by a number of different types of players, ranging from specialists focused specifically on video telematics solutions, to general fleet telematics players which have introduced video offerings, and hardware-focused suppliers offering mobile digital video recorders (DVRs) and vehicle cameras used for video telematics. “The analyst ranks Streamax, Lytx and Samsara as the leading video telematics players in their respective categories”, said Rickard Andersson, Principal Analyst. He adds that Streamax is the leading hardware provider, having more than 2.4 million mobile DVRs installed in vehicles worldwide to date. The company also offers software dashboards which are widely used together with its devices. “Lytx has the largest number of video telematics subscriptions, while Samsara stands out among the general fleet telematics players with a significant number of camera units deployed across its subscriber base”, continued Mr. Andersson.
Additional sizeable players in this space include the new channel-focused brand Sensata INSIGHTS (including the acquired video telematics company SmartWitness), the fleet management player Motive (formerly KeepTruckin), the hardware-focused video telematics company Howen, and the fleet management provider Solera Fleet Solutions (which acquired the commercial vehicle telematics pioneer Omnitracs including the video safety specialist SmartDrive).
“The remaining top-10 players are Netradyne, Nauto and VisionTrack which all have a primary focus on camera-based solutions specifically”, said Mr. Andersson. Other noteworthy players competing in the video telematics space include video-focused solution providers such as Bendix (SafetyDirect by Bendix CVS), Idrive, SureCam, LightMetrics, Waylens, Seeing Machines and CameraMatics; fleet telematics players including Trimble, Matrix iQ, MiX Telematics, Forward Thinking Systems, Radius Telematics, ISAAC Instruments, Azuga, Microlise, Trakm8 and AddSecure Smart Transport; as well as the hardware-focused supplier Pittasoft (BlackVue). “These players have all reached estimated installed bases in the tens of thousands”, concluded Mr. Andersson.
Highlights from the report:
- Insights from numerous interviews with market-leading companies.
- Descriptions of video telematics applications and associated concepts.
- Comprehensive overview of the video telematics value chain.
- In-depth analysis of market trends and key developments.
- Updated profiles of 40 companies offering video telematics software and hardware.
- Market forecasts lasting until 2027.
This report answers the following questions:
- What different types of players are involved in the video telematics value chain?
- Which are the major specialised providers of video telematics solutions?
- What offerings are available from the general fleet management solution providers?
- How are the hardware-focused suppliers approaching the market?
- Which are the frontrunning geographic markets for video telematics solutions so far?
- What are the price levels for video telematics hardware and software?
- Which trends and drivers are shaping the market?
- How will the video telematics industry evolve in the future?
Who should read this report?
The Video Telematics Market is the foremost source of information about this fast-growing application area in the transportation sector. Whether you are a telematics vendor, video specialist, vehicle manufacturer, telecom operator, investor, consultant, or government agency, you will gain valuable insights from our in-depth research.
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | April 2023 |
Forecast Period | 2022 - 2027 |
Estimated Market Value in 2022 | 5 Million |
Forecasted Market Value by 2027 | 11.3 Million |
Compound Annual Growth Rate | 17.7% |
Regions Covered | Global |
Table of Contents
Executive Summary
Samples
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Companies Mentioned
A selection of companies mentioned in this report includes:
- AddSecure Smart Transport
- Azuga (Bridgestone)
- Bendix (SafetyDirect by Bendix CVS)
- CameraMatics
- D-TEG
- Exeros Technologies
- Fastview 360
- FleetCam
- Forward Thinking Systems
- Howen
- iCAM Video Telematics
- Idrive
- ISAAC Instruments
- J. J. Keller
- LightMetrics
- Lytx
- Matrix iQ
- Microlise
- Micronet
- MiX Telematics
- Motive (formerly KeepTruckin)
- Nauto
- Pittasoft (BlackVue)
- Positioning Universal
- Radius Telematics
- Samsara
- Seeing Machines
- Sensata INSIGHTS (including SmartWitness)
- Solera Fleet Solutions (including SmartDrive)
- Streamax
- SureCam
- Teltonika
- Trakm8
- Trimble
- Verizon Connect
- Vision Techniques
- VisionTrack
- VUE (Radius Telematics)
- Waylens
Methodology
The Internet of Things is very diverse. There are hundreds of different use cases, each with different dynamics. The starting point is to segment the market.
The analyst begins with a number of sectors: Automotive, Cities, Health, Industry, Home, Industrial, Energy, Retail and Consumer Electronics. Each of these sectors breaks down into a number of applications. In total across all sectors, the analyst examines around 150 separate applications. It is at this application level that they generate their IoT forecast. The analyst builds reliable data bottom-up. They take into consideration the current adoption rate, regulations, demographics, vertical-specific statistics, value chain structure, etc.
The rigorous data collection methods are based on first-hand and secondary sources. The analyst conducts many hundreds of executive interviews on a yearly basis with companies from all parts of the IoT value chain. They talk to on a regular basis all major mobile operator groups and regulators as well as the chipset, module, and terminal vendors. They also interview many companies in each of the vertical markets.
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