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PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1573834

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PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1573834

Video Telematics Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

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PAGES: 270 Pages
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The Global Video Telematics Market was valued at USD 1.3 billion in 2023 and is projected to grow at a CAGR of over 17% from 2024 to 2032. This growth is driven by the demand for fleet safety, real-time monitoring, and better driver behavior analysis. The adoption of Advanced Driver Assistance Systems (ADAS) and AI-driven video telematics is reducing accidents, leading to acceptance in sectors like transportation, logistics, and construction.

Regulatory pushes for fleet safety and insurance telematics are also propelling market growth, as businesses strive to meet stringent safety norms while reducing operational expenses. For example, in May 2024, Exeros Technologies unveiled VideMatics, a robust video telematics and fleet management platform aimed at bolstering fleet safety and efficiency. VideMatics streamlines video management and boasts features like Contextual Driver Scoring and FNOL Automated Accident Management Reporting. By automating routine tasks and spotlighting critical data, VideMatics reduces fleet risk for managers. Its device-agnostic nature ensures smooth integration with pre-existing vehicle technologies, fostering a safer and more efficient commercial fleet ecosystem.

The industry's shift from basic GPS systems to advanced, embedded connectivity solutions underscores the growing focus on real-time analytics, proactive safety, and AI-driven innovations. This surge is a response to rising accident rates and the demand for thorough fleet management, spotlighting the need for video telematics that enhance driver monitoring, prevent accidents, and boost fleet productivity. Ongoing technological advancements and heightened safety protocols are pivotal in driving this industry's growth.

The overall video telematics industry is classified based on technology, vehicle, application, end-use, and region.

In 2023, the hardware segment was valued at over USD 800 million, due to technological advancements and the demand for enhanced safety and efficiency. Key components like dashcams, GPS tracking devices, sensors, and Onboard Diagnostics (OBD) devices are crucial for real-time monitoring and data collection in fleet management. The rise in demand for embedded, connected, and standalone systems reflects the need for comprehensive solutions that ensure vehicle safety, optimize fleet performance, and reduce operational costs. This focus on sophisticated hardware solutions is driving the market forward, highlighting the importance of robust and reliable components in enhancing overall vehicle and fleet management systems.

In 2023, the passenger segment is projected to capture a market share exceeding 87%, spurred by a surge in advanced safety feature adoption and enhanced driver assistance technologies. As consumers increasingly demand integrated safety and entertainment solutions, video telematics has emerged as a pivotal element in contemporary passenger vehicles. This momentum is driven by AI-enhanced dash cams, real-time monitoring, and advanced onboard diagnostics, all of which elevate driving safety and vehicle performance. Cutting-edge features like real-time tracking, driver behavior insights, and predictive maintenance are enriching the driving experience and bolstering vehicle reliability.

In 2023, North America led the global video telematics market with a commanding share of approximately 39%. This dominance is attributed to the region's sophisticated infrastructure, widespread adoption of fleet management technologies, and rigorous safety regulations. North America's leadership is further solidified by its strong commitment to driver safety, the prevalent use of AI and machine learning in telematics, and the presence of major industry players. The escalating demand for integrated fleet solutions only amplifies the region's dominant stance.

Product Code: 11063

Table of Contents

Chapter 1 Methodology and Scope

  • 1.1 Research design
    • 1.1.1 Research approach
    • 1.1.2 Data collection methods
  • 1.2 Base estimates and calculations
    • 1.2.1 Base year calculation
    • 1.2.2 Key trends for market estimation
  • 1.3 Forecast model
  • 1.4 Primary research and validation
    • 1.4.1 Primary sources
    • 1.4.2 Data mining sources
  • 1.5 Market definition

Chapter 2 Executive Summary

  • 2.1 Industry 360° synopsis, 2021-2032

Chapter 3 Industry Insights

  • 3.1 Industry ecosystem analysis
  • 3.2 Supplier landscape
    • 3.2.1 Hardware suppliers
    • 3.2.2 Technology providers
    • 3.2.3 Software developers
    • 3.2.4 Service providers
    • 3.2.5 End user
  • 3.3 Profit margin analysis
  • 3.4 Technology and innovation landscape
  • 3.5 Patent analysis
  • 3.6 Key news and initiatives
  • 3.7 Regulatory landscape
  • 3.8 Impact forces
    • 3.8.1 Growth drivers
      • 3.8.1.1 Increasing demand for enhanced fleet management efficiency
      • 3.8.1.2 Rising adoption of AI in driver safety solutions
      • 3.8.1.3 Rising need for real-time vehicle tracking and monitoring
      • 3.8.1.4 Growing focus on predictive maintenance and analytics
    • 3.8.2 Industry pitfalls and challenges
      • 3.8.2.1 Data privacy and security concerns for users
      • 3.8.2.2 Integration complexities with existing vehicle systems
  • 3.9 Growth potential analysis
  • 3.10 Porter's analysis
  • 3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

  • 4.1 Introduction
  • 4.2 Company market share analysis
  • 4.3 Competitive positioning matrix
  • 4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Component, 2021-2032 ($Bn)

  • 5.1 Hardware
    • 5.1.1 Dash cams
    • 5.1.2 GPS tracking devices
    • 5.1.3 Sensors
    • 5.1.4 Onboard diagnostics (OBD) devices
  • 5.2 Software
  • 5.3 Services
    • 5.3.1 Installation services
    • 5.3.2 Maintenance and support services
    • 5.3.3 Managed services
    • 5.3.4 Consulting services

Chapter 6 Market Estimates and Forecast, By Technology, 2021-2032 ($Bn)

  • 6.1 Embedded systems
  • 6.2 Connected systems
  • 6.3 Standalone system

Chapter 7 Market Estimates and Forecast, By Vehicle, 2021-2032 ($Bn)

  • 7.1 Passenger vehicles
  • 7.2 Commercial vehicles
    • 7.2.1 Light Commercial Vehicles (LCVs)
    • 7.2.2 Heavy Commercial Vehicles (HCVs)

Chapter 8 Market Estimates and Forecast, By Application, 2021-2032 ($Bn)

  • 8.1 Driver and fleet management
  • 8.2 Predictive maintenance
  • 8.3 Insurance telematics
  • 8.4 Asset tracking
  • 8.5 Law enforcement

Chapter 9 Market Estimates and Forecast, By End-use Industry, 2021-2032 ($Bn)

  • 9.1 Transportation and logistics
  • 9.2 Construction
  • 9.3 Healthcare
  • 9.4 Retail
  • 9.5 Government and public safety
  • 9.6 Oil and gas
  • 9.7 Utilities

Chapter 10 Market Estimates and Forecast, By Region, 2021-2032 ($Bn)

  • 10.1 Key trends, by region
  • 10.2 North America
    • 10.2.1 U.S.
    • 10.2.2 Canada
    • 10.2.3 Mexico
  • 10.3 Europe
    • 10.3.1 UK
    • 10.3.2 Germany
    • 10.3.3 France
    • 10.3.4 Spain
    • 10.3.5 Poland
    • 10.3.6 Benelux
    • 10.3.7 Rest of Europe
  • 10.4 Asia Pacific
    • 10.4.1 China
    • 10.4.2 India
    • 10.4.3 Japan
    • 10.4.4 Australia
    • 10.4.5 South Korea
    • 10.4.6 Southeast Asia
    • 10.4.7 Rest of Asia Pacific
  • 10.5 Latin America
    • 10.5.1 Brazil
    • 10.5.2 Colombia
    • 10.5.3 Argentina
    • 10.5.4 Chile
    • 10.5.5 Rest of Latin America
  • 10.6 MEA
    • 10.6.1 South Africa
    • 10.6.2 Saudi Arabia
    • 10.6.3 UAE
    • 10.6.4 Rest of MEA

Chapter 11 Company Profiles

  • 11.1 AT&T Inc.
  • 11.2 Fleet Complete Inc.
  • 11.3 FleetCam (Pty) Ltd
  • 11.4 Geotab Inc.
  • 11.5 LightMetrics Inc.
  • 11.6 Lytx Inc.
  • 11.7 MiX Telematics Ltd
  • 11.8 Motive Technologies Inc.
  • 11.9 Nauto Inc.
  • 11.10 NetraDyne Inc.
  • 11.11 Octo Group SpA
  • 11.12 Omnitracs Solera Holdings Inc.
  • 11.13 One Step GPS LLC
  • 11.14 Samsara Inc.
  • 11.15 Sensata Technologies
  • 11.16 Streamax Technology Co. Ltd
  • 11.17 SureCam (Europe) Limited
  • 11.18 Trimble Inc.
  • 11.19 Verizon Communications Inc.
  • 11.20 VisionTrack
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