Automotive Telematics Market to Reach US$349.2 Billion by 2033
Chicago, Aug. 14, 2025 (GLOBE NEWSWIRE) -- The global automotive telematics market was valued at US$ 70.8 billion in 2024 and is expected to reach US$ 349.2 billion by 2033, growing at a CAGR of 19.4% during the forecast period 2025-2033.
Competition within the global automotive telematics market is intensifying, with industry leaders posting remarkable financial and operational figures. Samsara achieved a significant milestone, reaching an annual recurring revenue of $1.1 billion by fiscal year 2024. Its growth is further highlighted by an increase of 611 customers with an annual recurring revenue over $100,000, bringing the total to 1,848 such clients. The company's total revenue for the 2024 fiscal year was reported at US$937 million. Samsara's solid financial footing is evident with total assets valued at US$1.73 billion in 2024, and its workforce expanded to 2,895 individuals as of January 2024. Technologically, its App Marketplace now supports over 270 partner integrations, and the platform's real-world impact is immense, having helped prevent an estimated 200,000-plus crashes.
Download Sample Pages:
Meanwhile, competitor Verizon Connect was recognized as a leader in the G2 Grid® Report for Fleet Management in Spring 2024, with its platform featuring a rapid 30-second refresh rate for GPS tracking. Corporate investments are also surging—Chinese state-owned SAIC Motor has planned a massive US$ 43 billion investment into advanced automotive technologies, including connected solutions, over five years from 2022. In early 2024, GE launched a new version of its Predix Asset Performance Management software, enhancing predictive analytics for the automotive sector. Penske Truck Leasing also entered the fray, introducing its Catalyst AI platform in April 2024 to redefine fleet management.
Key Findings in Automotive Telematics Market
Market Forecast (2033)
US$ 349.2 billion
CAGR
19.40%
By Component
Hardware (68.50%)
By Application
Vehicle Tracking Or Recovery Fleet Management (25.30%)
By Connectivity
Satellite Connectivity (66.30%)
By Vehicle Type
Passenger Cars (52.60%)
By Sales Channel
OEM (67.2%)
Top Drivers
Stringent government regulations mandating vehicle safety and tracking features.
Rising consumer demand for advanced in-vehicle connected car services.
The growing adoption of electric vehicles needing specialized telematics.
Top Trends
Integration of AI and machine learning for predictive analytics.
The rapid expansion of 5G connectivity enabling V2X communication.
Increasing focus on data monetization solutions by automotive OEMs.
Top Challenges
High initial hardware and implementation costs for advanced systems.
Navigating complex data privacy regulations and cybersecurity threats.
Ensuring seamless interoperability between different hardware and software platforms.
Operational Excellence Redefined Through Advanced Fleet Management and Data Driven Insights
Telematics solutions are delivering tangible improvements in fleet operations and efficiency in the global automotive telematics market. A 2024 survey of fleet professionals found the average fleet size to be 103 trucks for GVW Classes 4-8. A separate 2024 European report provided a different regional perspective, noting the average fleet size for survey respondents in Portugal was 137 vehicles. The scale of industry engagement in research is substantial. A key survey from Teletrac Navman was based on data from over 500 global fleet businesses. Similarly, Verizon's 2024 Fleet Trends Report gathered insights from a large sample of more than 2,500 fleet managers and professionals across 11 countries. Efficiency gains are not just about tracking. Leading platforms are automating core business processes. For instance, Samsara's platform has successfully digitized over 230 million workflows, drastically reducing administrative burdens and paperwork for its users.
Unprecedented Market Penetration Signals a Future of Ubiquitous Vehicle Connectivity Solutions
The adoption of telematics hardware in the is a primary indicator of market expansion. The automotive telematics market is witnessing incredible growth in unit shipments. Total shipments of embedded Original Equipment Manufacturer (OEM) telematics systems reached an estimated 64.5 million units globally in 2024. Projections for 2029 anticipate these shipments will surge to 82.1 million units. Active subscriptions tell a similar story of robust growth. The number of active embedded telematics subscriptions is projected to be 286.6 million in 2024. By 2029, this number is forecast to nearly double, reaching 528.1 million. The North American commercial vehicle telematics sector is particularly strong. It accounted for 9.03 million units in 2024 and is expected to grow to 10.53 million units in 2025. Looking further ahead, projections for 2030 suggest the North American market will encompass 20.53 million units. Globally, with approximately 27.45 million commercial vehicles sold in 2023, the addressable market for telematics providers remains vast and full of potential.
Usage Based Insurance Transforms Risk Assessment Models for Insurers and Policyholders
The insurance industry is a key beneficiary of telematics data in the automotive telematics market. Usage-Based Insurance (UBI) is moving from a niche product to a mainstream offering. Globally, out of 875 million total auto insurance policies, approximately 20 million are now usage-based. These policies leverage real-time driving data to create more accurate and personalized risk profiles. The mobile UBI segment, which uses smartphone technology instead of dedicated hardware, has also expanded significantly. It now accounts for 4.8 million policyholders worldwide. A shift represents a fundamental change in how insurance risk is calculated. Insurers can reward safer driving behavior, while consumers gain more control over their premiums.
The Digital Exhaust Stream Fuels Big Data Analytics and Sustainable Operations
Connected vehicles are generating an unprecedented volume of data. Leading platforms in the automotive telematics market are harnessing information for powerful analytics and operational improvements. Samsara's platform, for example, processed over 9 trillion data points from its connected devices in fiscal year 2024 alone. The sheer scale of data processing is enabled by a robust infrastructure. The platform supported a volume of over 75 billion API calls during the same period. Beyond operational metrics, data is also driving sustainability efforts. Through route optimization and improved driver behavior, Samsara's platform has contributed to saving approximately 2.3 billion pounds of carbon emissions. A fact demonstrates the growing role of the automotive telematics market in helping corporations meet environmental, social, and governance (ESG) goals.
Astounding Financial Implications of Vehicle Accidents Underscore Telematics' Intrinsic Value Proposition
The financial argument for telematics adoption becomes crystal clear when examining accident costs. The average cost of a crash involving a medium to heavy truck is a staggering $148,279. For a typical commercial truck accident, the average cost for basic health and property damage is $334,892. If a semi-truck is pulling multiple trailers, the average accident cost escalates dramatically to $1.2 million. The costs associated with a fatality are even more profound, with a commercial truck accident resulting in a death having an average cost of $7.2 million. Even a non-fatal, work-related crash carries a significant financial burden, with an average cost of around $75,000 in the automotive telematics market. According to OSHA, even a "best-case" fleet accident scenario involves approximately $16,500 in damages and $57,500 in injury-related costs. An at-fault accident with a luxury vehicle can result in property damage costs between $50,000 and $100,000 alone. Furthermore, the average reduction in a vehicle's value after a crash is around $500, with some estimates closer to $2,200 for higher-end vehicles. These figures powerfully illustrate the immense return on investment offered by safety-focused telematics solutions.
Global Adoption Rates Soar as Regional Markets Rapidly Embrace Embedded Telematics
Different regions are at various stages of telematics adoption, but all show strong upward trends. In 2024, an estimated 79% of all new cars sold worldwide were equipped with an OEM-embedded telematics system. Europe (EU27+EFTA+UK) is leading the charge, driven by regulation. The attach rate for telematics in Europe is expected to reach 100% by 2025. A figure is up from an already high 97% in 2024, largely due to the eCall mandate. North America also demonstrates mature adoption with a high telematics attach rate of about 93% in 2024. China's dynamic automotive telematics market is also expanding quickly, with its telematics attach rate reaching 84% in 2024. These high penetration rates signify a global consensus on the value of connected vehicle technology.
Need a Customized Version? Request It Now:
Advanced Hardware Integration and Accessible Pricing Fuel Widespread Commercial and OEM Adoption
The growth of the automotive telematics market is supported by both technological advancement and accessible business models. Service providers are making powerful technology available at manageable costs. Samsara, for instance, offers its comprehensive telematics solution for a price point of around $27 per vehicle per month. Such pricing makes advanced fleet management accessible to businesses of all sizes. On the hardware front, integration is becoming seamless. Component supplier Valeo is supplying a state-of-the-art 4G communication module for Renault's highly anticipated 2025 Scenic E-TECH model. Similarly, automakers are embedding connectivity directly into their latest vehicles. Hyundai's 2024 Venue and Creta models now come equipped with 4G-enabled BlueLink telematics. A trend towards deep integration ensures that connectivity is no longer an afterthought but a core feature of modern vehicles, paving the way for continued market expansion.
Global Automotive Telematics Market Major Players:
Robert Bosch GmbH
Continental AG
LG Electronics
Verizon
Harman International
Delphi Automotive Plc
Visteon Corporation
Magneti Marelli S.P.A.
Tomtom International BV
Qualcomm Technologies Inc.
Intel Corporation
Trimble Inc
AT&T
Octo Telematics
Airbiquity Inc.
Masternaut Limited
The Descartes Systems Group Inc.
Box Telematics
Act Soft
Other Prominent Players
Key Market Segmentation:
By Component segment:
Hardware
Self-contained Telematics Units (TCU)
GPS Devices
Software Platform
Services
Consulting
Implementation
Maintenance
Telematics as a Service
By Application:
Automatic Crash Notification
Billing Services
Driver Behavior
Emergency Calling
Insurance Risk Assessment
Navigation
On-Road Assistance
Remote Diagnostics
Vehicle Tracking/Recovery (Fleet Management)
Others
By Vehicle Type:
Light Commercial Vehicles
Passenger Car
Electric Vehicles
ICE Vehicles
Heavy Vehicles
Two-Wheeler
Others
By Connectivity:
Satellite
Cellular
By Sales Channel:
Aftermarket
OEMs
By Region:
North America
Europe
Asia Pacific
Middle East & Africa (MEA)
South America
Explore the Report Before You Buy – Book a Walkthrough:
About Astute Analytica
Astute Analytica is a global market research and advisory firm providing data-driven insights across industries such as technology, healthcare, chemicals, semiconductors, FMCG, and more. We publish multiple reports daily, equipping businesses with the intelligence they need to navigate market trends, emerging opportunities, competitive landscapes, and technological advancements.
With a team of experienced business analysts, economists, and industry experts, we deliver accurate, in-depth, and actionable research tailored to meet the strategic needs of our clients. At Astute Analytica, our clients come first, and we are committed to delivering cost-effective, high-value research solutions that drive success in an evolving marketplace.
Contact Us:Astute AnalyticaPhone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World)For Sales Enquiries: sales@astuteanalytica.comWebsite: https://www.astuteanalytica.com/ Follow us on: LinkedIn | Twitter | YouTube
CONTACT: Contact Us: Astute Analytica Phone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World) For Sales Enquiries: sales@astuteanalytica.com Website: https://www.astuteanalytica.com/
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
8 minutes ago
- Yahoo
Earnings Beat and Acquisitions Strengthen Rocket Companies Progress
Rocket Companies, Inc. (NYSE:RKT) is one of the 11 Best Short Squeeze Stocks to Buy Now. The company surpassed Q2 expectations and has bolstered expectations for its Redfin acquisition and pending COOP transaction. A businessperson using a laptop to review the details of a mortgage loan for a client. Rocket Companies, Inc. (NYSE:RKT) is a leading fintech platform delivering mortgage lending, real estate brokerage, personal finance, and homeownership solutions. The Michigan-based company's ecosystem includes Rocket Mortgage, Rocket Homes, Rocket Close, and Rocket Money. Its business model involves leveraging AI to streamline the homebuying and financial management experience. On July 31, 2025, the company reported achieving an EPS of $0.04 that surpassed the analysts' expectations of $0.03 in its Q2 earnings results. Additionally, Rocket Companies, Inc. (NYSE:RKT)'s revenue reached $1.36 billion, exceeding the projected $1.28 billion, further garnering positive attention from investors. In addition to this, Rocket Companies, Inc. (NYSE:RKT) is anticipated to close the COOP transaction in the fourth quarter of 2025, thus eliminating elevated transaction-related expenses that negatively impacted the company's second-half 2025 earnings. Also, the acquisition of Redfin, completed on July 1, 2025, brought a positive outlook to the company as the combination of the most-visited real estate brokerage website and the U.S.'s largest mortgage lender is expected to improve efficacy. With a short float of 58.38%, Rocket Companies, Inc. (NYSE:RKT) potentially has extreme short interest. However, the stock attracts investor interest as it is subject to a dramatic squeeze in positive momentum. While we acknowledge the potential of RKT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best REIT Stocks to Buy Right Now and 10 Stocks with Huge Catalysts on the Horizon Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
8 minutes ago
- Yahoo
Giants' Justin Verlander's brother downplays Dodgers superstar Shohei Ohtani's $240M distraction
Giants' Justin Verlander's brother downplays Dodgers superstar Shohei Ohtani's $240M distraction originally appeared on The Sporting News The Los Angeles Dodgers haven't been playing particularly well lately, including suffering a mid-week sweep at the hands of the Angels. In fact, the Dodgers lost every game they played against the Angels this season. During the series, former Angel Shohei Ohtani found himself on the wrong side of history. 'According to Baseball Almanac's tracker of every triple play in MLB history, it marked just the eighth the Angels have ever turned. As for the Dodgers, they have now fallen victim to 24 triple plays. There had never been a triple play in the 152 games between the Dodgers and Angels since the Freeway Series began in 1997,' SI's Sam Connon wrote. Off the field, Ohtani is facing growing distractions, including an ongoing lawsuit. 'A Hawaii real estate investor and broker are suing Shohei Ohtani, claiming the Los Angeles Dodgers star and his agent got them fired from a $240 million luxury housing development on the Big Island's coveted Hapuna Coast that they brought him in to endorse,' The Associated Press's Jimmy Golen wrote. 'According to the lawsuit filed in Hawaii Circuit Court on Friday, Ohtani's agent, Nez Balelo, increasingly demanded concessions from developer Kevin J. Hayes Sr. and real estate broker Tomoko Matsumoto before demanding that their business partner, Kingsbarn Realty Capital, drop them from the deal.' While the situation is unfolding off the field, MLB analyst and Justin Verlander's brother, Ben Verlander, has attempted to downplay its significance. 'In a since-deleted tweet, Verlander dismissed the $240 million legal fight by telling fans, 'Let's all remember to not just get mad because you see his name attached to something. If his name wasn't Shohei Ohtani we wouldn't even know about this,'' Alvin Garcia wrote. 'He added, 'Never seen so many people care about CIVIL lawsuits regarding real estate.'' Follow The Sporting News on WhatsApp Verlander has certainly minimized the seriousness of the ongoing situation, which could escalate quickly. The Dodgers have done well to keep the matter from becoming a clubhouse distraction. However, Verlander's public comments aren't a good look. Ohtani will continue to play, but if the lawsuit doesn't go well, Verlander's dismissive remarks may come back to haunt him for a long time.
Forbes
10 minutes ago
- Forbes
The A List Writer Launching An Alternative To AI Song Creation
In theory at least, 'writing' a song has never been easier. Instead of spending hours or days hunched over a guitar, keyboard or digital workstation, all you need to do is open up a generative AI app, provide a few prompts and then sit back while the clever software does all the heavy lifting. Within hours, your creation can be vying for the attention of music consumers on a streaming platform, with AI also providing a cover picture and brand identity. But what happens when you score that inevitable multi-platinum hit record? Who actually owns the copyright? Is it you? Is it the Generative AI provider? Or more problematically, is it one or more of the countless musicians, songwriters and singers whose work has been diced, sliced and analysed to provide the software with the wherewithal to produce music tracks to order? And will you perhaps enjoy success with a song, only to be faced with a succession of lawsuits from artists who have noticed a certain similarity with their own work? This is a fast-moving space. Last year, generative AI startups Suno and Udio were on the receiving end of music industry lawsuits. However, as reported this year, talks are underway to allow AI models to be trained on music catalogs, with provision for musicians and songwriters to get paid. There's no denying that generative AI has its uses. Professional songwriters can use it as a means to speed up the production process and try out new ideas. Equally, online influencers with no musical ability can create soundtracks for their YouTube, Instagram and TikTok posts. It can even be used - as in the case of the last Beatles' single, to resurrect a poorly recorded demo and create something of real value. However, when it comes to creating original music for public consumption, there are real question marks around attribution and rights. Andreas Carlsson believes he has an alternative that is equally empowering in terms of music creation while also providing musicians, songwriters, record labels and catalogues with a means to protect their rights and open up new revenue streams. Aimed primarily at Generations Z and Alpha, it is a mobile app designed to create and ultimately distribute new music from rights-protected building blocks. A Lego Box Of Rights As Carlsson stresses, his perspective on this is very different from a Bay Area tech bro. Based in Sweden, he has been a successful songwriter for a quarter of a century, and his name has appeared on the recording credits of artists such as Britney Spears, NSYNC, The Backstreet Boys, Westlife and Celine Dion. 'I am a music man,' he says. 'I don't come from Palo Alto. I don't want to cannibalise the industry.' But what he does want to do is to enable musicians to monetise a market that is potentially huge. Traditionally, music making has required hard-won skills - the infamous 10,000 hours of practice - plus a certain amount of money to buy guitars, amps, computers, software and studio equipment. Despite that investment in time and energy, musicians struggle to secure any kind of decent return. Meanwhile, there are vast numbers of people who would like to put together songs from clips and samples, either for their own amusement or for commercial reasons. Carlsson's app - Hyph - is aimed at bringing these communities together. Musicians can provide stems (music tracks), which they retain full control over. Creators can meld those stems into finished tracks, either for personal use or to further their careers. In addition, record labels and catalog holders can make tracks from name artists available for manipulation, again keeping full control of the rights. 'What we've created is a Lego box of rights,' he says. Carlsson sees a historic precedent here, noting that the MP3 revolution was kicked off by Sweden's Pirate Bay and then Napster before a second Swedish company stepped in to bring order to the market. 'What Spotify got right was that you have to tick two boxes, namely attribution and control,' he says. In between that, you also need the consent of artists.' So who gains here? For instance, why should a major record label put its valuable music assets in the hands of a Generation Z creator? Well, at one level, it can be used for fan outreach. A way to engage music consumers more deeply. Something that can be quite difficult in the streaming age. However, Carlsson believes it is also a means to revive and monetise dormant sections of music catalogues by opening them up to be revisited and manipulated. And for bedroom musicians? Well, they get a chance to sell their music to creators. This isn't a new idea. Either offline or online, entrepreneurial musicians are already selling instrument and voice sample packs, either directly or through third parties. 'You should look at tech in terms of how it gives you the ability to scale your assets,' Carlsson says. You build a bank of assets that you can scale, and if you are a bedroom producer, you can play on a thousand songs.' Carlsson says his motivation is to provide a route to monetisation for those who struggle to make a living in today's music industry. The big names are fine. They generate millions of streams, not only for new releases but also for back catalogue work that might otherwise be dormant. In addition, they cash in on big-ticket shows, VIP access and merchandise. Further down the ladder, artists don't have those opportunities and per-play revenues for streaming are pretty paltry. 'I'm thinking of the self-releasing artists. The people who were like me when I was just starting out,' says Carlsson. The app was originally launched in Scandinavia, with backing from high-net-worth investors, with music stems supplied on a pay-for-work basis. The full launch takes place in September. In the future, he hopes to sign distribution deals with streamers while establishing its own distribution channels. It will be monetized through subscriptions - for professional users - and in-app purchases. Will this help musicians make money and will it prove to me more than a toy? That depends on whether the app can scale and that its alternative monetisation plan, involving active rather than passive consumption, will provide a big enough market. Carlsson thinks it will. 'Everyone is looking for the new format. If you look at the Zeitgeist and what is happening with youth, everyone wants to lean into what they're doing. It makes sense that everything becomes interactive,' he says.
