Video Telematics Market by Component (Hardware, Software, Services), by Solution (Smartphone, Portable, Embedded), by Application (Passenger Cars, Commercial Vehicle, Others), and Geography (North America, Europe, Asia Pacific, Latin America, and MEA) and forecast to 2029.

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Video Telematics Market was valued at USD 937.2 million in 2022 and is expected to grow at an 18.8% CAGR from 2023 to 2029. The term telematics combines two different sectors telecommunication and informatics. It is computerized information transmitted from a long distance. Video telematics usually collect data from the vehicles using the device installed inside the vehicle and provide information. Telematics has evolved from simple information about vehicle to a pipeline of data that provides a wealth of information about the operator and vehicles such as vehicle location, fuel efficiency, information related to areas of improvement, and reduces collision thus saving lives. The increasing adoption of technologies and wide application of artificial intelligence is expected to drive the growth of video telematics market over the forecast period.

In addition, the implementation of video telematics, are expected to save cost significantly by savings in case of accidents where drivers are exonerated and by reducing traffic violations are expected to increase the demand for video telematic over the forecast period. Furthermore, the increasing sales of commercial and passenger vehicles along with the increasing concern of passenger safety are expected to boost the growth of video telematics market over the forecast period. however, the factors such as high cost of installation, lack of skilled knowledge in operating the informatic systems are expected to hinder the growth of video telematics market in the forecast years. Moreover, the increasing investments in the research and development by the market players and the advancement of technologies making the systems user friendly are expected to provide opportunities in the growth of video telematics market over the forecast years. Geographically, Asia Pacific region held the major market share in 2022 and is expected to dominate the global video telematics market in the forecasted years.

Video Telematics Key Developments:
  • In August 2022, Link AT & T Inc launched the next generation suite for fleet management tools built to empower commercial fleet operations.
  • In October 2021, Sensata Technologies acquired SmartWitness Holdings, Inc., a privately-held innovator of video telematics technology for commercial fleets.

Video Telematics Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

18.8%

Largest Market

Asia Pacific

Fastest Growing Market

North America
Video Telematics Market Dynamics

The video telematics market is expected to grow over the forecasted period due to the advancement of technologies and wide application of artificial intelligence in the informatic systems making it user friendly. The increasing need for ease operation leading to more efficient informatic systems and technological advancements. In addition, adoption of various technologies such as Internet of Things, AI dash cameras, safety sensors for various purpose such as reminding speed limits, detecting stop sign violations, having lane-drifting warnings, forwarding collision warnings, and more are expected to boost the growth of video telematics market at a significant rate over the forecast period.

Video Telematics Market Segmentation

By Component
  • Hardware,
  • Software,
  • Services
By solution
  • Smartphone,
  • Portable,
  • Embedded
By Application
  • Passenger Cars,
  • Commercial vehicle
  • Others

Frequently Asked Questions

The video telematics market is projected to expand at a CAGR of 22.8% during the forecast period.

The major players in the global video telematics market are Sensata Technologies, MiX Telematics, Lytx, Netradyne, Lightmetrics Technologies Private Limited, SureCam, SmartDrive Systems, Inc., VisionTrack, Nauto, Inc., FleetCam, and Bendix Corporation

North America is the fastest-growing region for video telematics market

The video telematics market is segmented based on component, solution, application, and geography.

Key Features of the Reports

  • The video telematics market report provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029).
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario.
1. Executive Summary
2. Global Video Telematics Market Introduction
2.1. Global Video Telematics Market Taxonomy
2.2. Global Video Telematics Market Definitions
2.2.1. Component
2.2.2. Solution
2.2.3. Application
3. Global Video Telematics Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Video Telematics Market Dynamic Factors - Impact Analysis
3.6. Global Video Telematics Market Competition Landscape
4. Global Video Telematics Market Analysis,2018 - 2022 and Forecast, 2023 - 2029
4.1. Market Analysis,2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Video Telematics Market, By Component, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.1. Hardware
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Software
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Services
5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global Video Telematics Market Forecast, By Solution, 2018 - 2022 and Forecast, 2022 2028 (Revenue, USD Mn)
6.1. Smartphone
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Portable
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Embedded
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
7. Global Video Telematics Market, By Application, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.1. Passenger Cars
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Commercial vehicle
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
8. Global Video Telematics Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.1. North America
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Video Telematics Market - Opportunity Analysis Index, By Component, Solution, Application, and Region, 2023 - 2029
9. North America Video Telematics Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
9.1. By Component Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
9.1.1. Hardware
9.1.2. Software
9.1.3. Services
9.2. Solution Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Smartphone
9.2.2. Portable
9.2.3. Embedded
9.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.3.1. Passenger Cars
9.3.2. Commercial vehicle
9.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.4.1. USA
9.4.2. Canada
9.5. North America Video Telematics Market - Opportunity Analysis Index, By Component, Solution, Application, and Country, 2023 - 2029
9.6. North America Video Telematics Market Dynamics Trends
10. Europe Video Telematics Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
10.1. By Component Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
10.1.1. Hardware
10.1.2. Software
10.1.3. Services
10.2. Solution Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Smartphone
10.2.2. Portable
10.2.3. Embedded
10.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Passenger Cars
10.3.2. Commercial vehicle
10.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Russia
10.4.7. Poland
10.4.8. Rest of Europe
10.5. Europe Video Telematics Market - Opportunity Analysis Index, By Component, Solution, Application, and Country, 2023 - 2029
10.6. Europe Video Telematics Market Dynamics Trends
11. Asia-Pacific Video Telematics Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
11.1. By Component Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
11.1.1. Hardware
11.1.2. Software
11.1.3. Services
11.2. Solution Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Smartphone
11.2.2. Portable
11.2.3. Embedded
11.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Passenger Cars
11.3.2. Commercial vehicle
11.4. Country Analysis2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.4.1. Japan
11.4.2. China
11.4.3. India
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Video Telematics Market - Opportunity Analysis Index, By Component, Solution, Application, and Country, 2023 - 2029
11.6. Asia-Pacific Video Telematics Market Dynamics Trends
12. Latin America Video Telematics Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
12.1. By Component Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
12.1.1. Hardware
12.1.2. Software
12.1.3. Services
12.2. Solution Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Smartphone
12.2.2. Portable
12.2.3. Embedded
12.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Passenger Cars
12.3.2. Commercial vehicle
12.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Argentina
12.4.4. Rest of Latin America
12.5. Latin America Video Telematics Market - Opportunity Analysis Index, By Component, Solution, Application, and Country, 2023 - 2029
12.6. Latin America Video Telematics Market Dynamics Trends
13. Middle East and Africa Video Telematics Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
13.1. By Component Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
13.1.1. Hardware
13.1.2. Software
13.1.3. Services
13.2. Solution Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.2.1. Smartphone
13.2.2. Portable
13.2.3. Embedded
13.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Passenger Cars
13.3.2. Commercial vehicle
13.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. Israel
13.4.3. South Africa
13.4.4. Rest of MEA
13.5. MEA Video Telematics Market - Opportunity Analysis Index, By Component, Solution, Application, and Country, 2023 - 2029
13.6. MEA Video Telematics Market Dynamics Trends
14. Competition Landscape 
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Solution& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. Sensata Technologies
14.2.2. MiX Telematics
14.2.3. Lytx
14.2.4. Netradyne
14.2.5. Lightmetrics Technologies Private Limited
14.2.6. SureCam
14.2.7. SmartDrive Systems, Inc.
14.2.8. VisionTrack
14.2.9. Nauto, Inc.
14.2.10. FleetCam
14.2.11. Bendix Corporation
15. Research Methodology
16. Key Assumptions and Acronyms
  • Sensata Technologies
  • MiX Telematics
  • Lytx
  • Netradyne
  • Lightmetrics Technologies Private Limited
  • SureCam
  • SmartDrive Systems, Inc.
  • VisionTrack
  • Nauto, Inc.
  • FleetCam
  • Bendix Corporation

Adjacent Markets