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The global commercial telematics market was valued at US$ 46 Billion in 2021.
We expect the global commercial telematics market to exhibit a CAGR of 19.4% during 2022-2027.
The expanding transportation industry, along with the widespread adoption of smart transportation
systems, including commercial telematics, to provide accurate insights about the vehicles, is currently
driving the global commercial telematics market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations resulting in temporary halt in the transportation activities, which in
turn, is limiting the demand for commercial telematics.
Based on the type, the global commercial telematics market has been segmented into services and
solution. Currently, solution holds the majority of the total market share.
Based on the system type, the global commercial telematics market can be divided into embedded,
tethered, and smartphone integrated. Among these, embedded system exhibits a clear dominance in
Based on the provider type, the global commercial telematics market has been categorized into OEM
and aftermarket. Currently, aftermarket accounts for the majority of the global market share.
Based on the end use industry, the global commercial telematics market can be segregated into
transportation and logistics, media and entertainment, government and utilities, travel and tourism,
construction, healthcare, and others. Among these, the transportation and logistics sector holds the
largest market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global commercial telematics market include 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., and
Zonar Systems Inc. (Continental AG).
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