Global Commercial Telematics Market Size, Trends & Growth Opportunity, By Application, By Solution Type, By End User By Region and Forecast to 2027

The global Commercial Telematics market was valued at USD 16,871 million in 2020 which expected to reach USD 58,981.5 million by 2027 at a CAGR 13.4% from 2020-2027.



Commercial telematics refers to the technological solution used in commercial automobiles for long-distance information transmission. It is used to track vehicle diagnostics by monitoring the location and movement of vehicles using global positioning systems (GPS) and on-board diagnostic systems. It is also used to monitor trailers and non-motorized assets and to notify the fleet manager of any unauthorized movement.

Market Drivers

Commercial telematics refers to the technological solution used for long-distance transportation. One of the key factors driving the market is significant growth in the transportation industry around the world. Furthermore, widespread adoption of smart transportation systems is driving market expansion. Automobile manufacturers are integrating sophisticated connectivity solutions to provide more accurate insights about the vehicles as the use of digital devices such as smartphones, laptops, and tablets grows. These solutions also help to improve vehicle efficiency, enable smart routing and tracking, provide on-road assistance, and enhance the driver's overall experience.

Market Restraints

Supply chain execution, regulatory & policy changes, labour dependency, working capital management, and liquidity & solvency management are the major risk factors for commercial telematics market participants. Commercial telematics is a high-end technological solution that requires a significant capital investment on the part of the end user.

Impact of COVID-19

Commercial telematics refers to the technological solution used for long-term COVID-19 crisis restrictions in end users such as automotive manufacturers, insurance, and fleet owners. End-user demand has decreased due to limited operational activity, and their primary focus has shifted to the origination's core competencies. These industries' overall production activities have decreased as a result of operations with limited workforce capacity, inadequate health safety measures, and changes in consumer sentiment.

Market Segmentation

The Global Commercial Telematics Market is segmented into Application, Solution Type, Distribution Channel and Growing System. By Application such as Solutions, Services. By Solution Type such as Automotive OEM Services, Aftermarket Telematics. By End User such as Transportation and Logistics, Insurance, Healthcare, Media & Entertainment, Vehicle Manufacturers/Dealers, Government Agencies.

Regional Analysis

Global Commercial Telematics Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America has been the biggest patient entryway market. Rising fuel prices, combined with advancements in mobile connectivity across the automotive industry, present a number of growth opportunities. A high demand for connected vehicles is one of the primary factors expected to fuel commercial telematics market demand over the next seven years.

Key Players

Various key players are listed in this report such as AirIQ Inc., Bridgestone Corporation, General Motors Company, Geotab Inc., Masternaut Limited. (Michelin), Mix Telematics International (Pty) Ltd., Octo Telematics, Omnitracs LLC, Trimble Inc., Verizon Communications Inc.

Market Taxonomy

By Application

• Solutions
• Services

By Solution Type

• Automotive OEM Services
• Aftermarket Telematics

By End User

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

By Region

• North America
• Latin America
• Europe
• China
• Asia Pacific
• Middle East & Africa

Key Questions Addressed by the Report

• What are the Key Opportunities in Global Commercial Telematics Market?
• What will be the growth rate from 2020 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?