Automotive Telematics Global Market Report 2024

The automotive telematics market size has grown exponentially in recent years. It will grow from $129.48 billion in 2023 to $166.43 billion in 2024 at a compound annual growth rate (CAGR) of 28.5%. The growth in the historical period can be attributed to several factors, including robust economic growth in emerging markets, an increase in vehicle ownership, rising incidents of vehicle theft, and widespread adoption of connected cars.

The automotive telematics market size is expected to see exponential growth in the next few years. It will grow to $440.78 billion in 2028 at a compound annual growth rate (CAGR) of 27.6%. Forecasted growth is fueled by rising demand for electric vehicles (EVs), supported by favorable government regulations and a heightened focus on vehicle safety. Anticipated trends include AI integration, ongoing product innovations, strategic collaborations, technological advancements, telematics-based insurance initiatives, cloud technology utilization, and the adoption of self-installed telematics devices.

The surge in car accidents is a significant factor contributing to the growth of the automotive telematics market. Car accidents, also known as collisions, pose a considerable threat, leading to fatalities and injuries. Automotive telematics, a technology that provides real-time feedback to drivers, plays a crucial role in reducing accidents. Major car manufacturers are increasingly adopting automotive telematics systems to enhance vehicle and driver safety. In 2021, car accidents globally resulted in 1.3 million fatalities, according to Vox, a U.S.-based news website and media company. In the U.S. alone, car accidents caused the deaths of 7,485 pedestrians in 2021. As a result, the increasing frequency of car accidents is a driving force behind the growth of the automotive telematics market.

The growth of the automotive telematics market is further supported by the rising demand for electric vehicles (EVs) during the forecast period. The automotive industry has witnessed a rapid adoption of various technologies, especially in the realm of electric vehicles. Automotive telematics, integrated with cutting-edge technologies, facilitates new product innovations by capturing and transmitting vehicle and owner data. China, with the largest and fastest-growing EV market globally, delivered 2.4 million EVs to customers in mainland China in H1 2022, constituting 26% of all car sales in the country, as reported by ZD NET, a UK-based business technology news website. The demand for electric cars in China doubled within a year, making up 10% of car sales in H1 2021 and reaching 26% in H1 2022. Additionally, data from the International Energy Agency (IEA) highlighted a substantial surge in EV sales, reaching 10.2 million units in 2022, nearly double the previous year's figures. The global sales projection for electric cars in 2023 is estimated to reach 14 million units, reflecting a remarkable growth rate of 35%. Hence, the increasing demand for electric vehicles is poised to drive the automotive telematics market.

New product innovations stand out as a prominent trend gaining traction in the automotive telematics market. Major companies within the automotive telematics sector are strategically introducing innovative products to maintain their competitive positions. An illustrative example is Masternaut, a UK-based telematics company specializing in fleet and asset management, which unveiled the MoveElectric transition tool in June 2021. This tool assists in identifying journeys suitable for Electric Vehicles (EVs) over Internal Combustion Engine (ICE) vehicles, considering business needs and working patterns. Leveraging real-world data, fleet managers can measure and demonstrate the broader advantages of transitioning to EVs, encompassing efficiency, CO2 reduction, and cost savings.

Prominent companies operating in the automotive telematics market are placing a strong emphasis on the development of cutting-edge solutions, exemplified by the introduction of the AI-Powered Telematics Solution. This strategic focus is geared towards meeting the evolving demands of the industry and gaining a competitive advantage. The AI-Powered Telematics Solution represents a fusion of advanced artificial intelligence with telematics functionalities, providing a unified platform for streamlined vehicle tracking, utilization, safety, and maintenance planning. In October 2023, Nauto, a leading US-based company specializing in AI-powered safety and operations excellence for commercial vehicles, unveiled its Telematics Solution, featuring enhanced telematics capabilities. These capabilities offer valuable insights into vehicle tracking, utilization, misuse, and maintenance planning. Nauto's latest solution integrates telematics with advanced AI-powered features focused on driver and vehicle safety, all within a single device and software platform. The integration of telematics and AI aims to reduce the number of devices in commercial vehicle cabs, offering fleet operators a means to cut costs and optimize operational efficiency. Notably, Nauto has enhanced safety features by incorporating detectors that provide specific alerts differentiating between pedestrians, bicyclists, and motorcyclists, thereby improving risk detection for these vulnerable road users (VRUs). This innovation underscores major companies' commitment to technological advancements, meeting industry demands, and delivering solutions that contribute to the safety and efficiency of automotive telematics.

In May 2022, Otonomo Technologies, an Israeli car data exchange platform, successfully acquired The Floww for $69 million. This acquisition aims to merge The Floww's vehicle telematics tools with Otonomo's mobility intelligence platform. The Floww, headquartered in the UK, specializes in vehicle telematics solutions.

Major companies operating in the automotive telematics market report are Samsung Electronics Co., Ltd., Robert Bosch GmbH, Michelin Group, Valeo Group, TomTom N.V., Vontier, Trimble Inc., Continental AG, NavInfo Co. Ltd., Ficosa International SA, Mahindra Truck and Bus (MTB), Mitsubishi Fuso Truck, Hyundai, Geely Lynk & Co, Shenzhen Eelink Communication Technology Co., Ltd., 22 DOTS, TruckTrack GmbH, INTRANAV, FLEETIZE – Telematics, Exatrek, Visualix, Trackee.io, IoT Venture GmbH, In Car Telematics, Masternaut, Teletrac Navman, Verizon Connect, Movolytics, QUARTIX, Vodafone Fleet Telematics, RAM Tracking, Samsara, OCTO Automotive, MiX Telematics, Telematika, Kazan Telematics, TrackGPS, Mapon, Intellishift, Linxup, Damoov, Cambridge Telematics, ISAAC Instruments, Frotcom, Argus Telematics, Iveco, Autotrac, Mercedes-Benz, Omnilink, Volkswagen, Teltonika Telematics, Location Solutions Telematics LCC, Norconsult Telematics, FMS Tech, Advanced Telematics Solutions, Ctrack Matrix


North America was the largest region in the automotive telematics market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive telematics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automotive telematics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

Vehicles in the automotive telematics market include commercial cars, passenger vehicles, and two-wheelers. Commercial cars are primarily used for transporting goods or materials, often with the main focus being on cargo capacity rather than passenger space. Connectivity solutions vary from embedded, integrated to tethered setups. Automotive telematics finds applications in fleet or asset management, navigation systems, infotainment, insurance telematics, safety and security, among others. These solutions are distributed through different channels such as original equipment manufacturers (OEMs) and aftermarket services.

The automotive telematics market research report is one of a series of new reports that provides automotive telematics market statistics, including automotive telematics industry global market size, regional shares, competitors with an automotive telematics market share, detailed automotive telematics market segments, market trends and opportunities, and any further data you may need to thrive in the automotive telematics industry. This automotive telematics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Automotive telematics includes revenue earned by entities by black box telematics device, smartphone-based telematics device, Bluetooth-powered telematics device, OBD-ii port telematics device, and OEM telematics device. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.


The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.