Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Consumer Telematics Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Projected Market Size of the Consumer Telematics Industry in 2024 and 2025?
The market size of consumer telematics has seen a significant increase over the years. The market size is anticipated to rise from $25.02 billion in 2024 to $31.37 billion in 2025, with a compound annual growth rate (CAGR) of 25.4%.
What Is the Projected Market Size of the Consumer Telematics Market in 2029?
The global Consumer Telematics Market is predicted to grow to a size of $78.31 billion by 2029 with a compound annual growth rate (CAGR) of 25.7%.
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What Are the Key Drivers of Consumer Telematics Market Growth?
The key drivers in the consumer telematics market are:
• Rising concerns related to vehicle tracking and safety
• Growing consumer adoption of advanced driver assistance systems (ADAS)
• Increasing penetration of smartphones and availability of cost-effective data plans
• Adoption of insurance telematics and increasing focus on vehicle health monitoring
What Are the Primary Segmentation Categories in the Consumer Telematics Market?
The consumer telematics market covered in this report is segmented –
1) By Product Type: Hardware, Software, Services
2) By Connectivity: Cellular, Satellite, Wireless Fidelity (Wi-Fi), Bluetooth
3) By Application: Fleet Management, Usage-Based Insurance, Connected Car Services, Vehicle Diagnostics, Infotainment, Safety And Security, Driver Assistance
4) By End-User: Automotive Original Equipment Manufacturer (OEM), Insurance Companies, Government Agencies, Telecommunication Companies, Retailers
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What Are the Major Trends Shaping the Consumer Telematics Market in 2025 and Beyond?
The key trends in the consumer telematics market are:
• New product innovation in the consumer telematics sector is a leading trend.
• Integration of consumer telematics devices with IoT is an emerging trend.
• Advancements in technology are reshaping the future of the consumer telematics market.
• The trend of integrating telematics with smartphones and strategic partnerships and collaborations are significantly influencing the market.
Who Are the Emerging Players in the Consumer Telematics Market?
Major players in the consumer telematics market are:
• Verizon Connect
• Continental AG
• Trimble Inc.
• Agero Inc.
• TomTom International BV
• Geotab Inc.
• Sierra Wireless Corp.
• CalAmp Corp.
• Spireon Inc.
• Telenav Inc.
• Teletrac Navman US Ltd.
• MiX Telematics International (Pty) Ltd.
• Lytx Inc.
• INRIX Inc.
• Samsara Networks Inc.
• Masternaut Limited
• Insurance & Mobility Solution Ltd.
• Airbiquity Inc.
• The Floow Limited
• Cubic Telecom Limited
• Arvento Mobile Systems
• Abalta Technologies Inc.
• Nauto Inc.
Which Regions Are Leading the Growth in the Global Consumer Telematics Market?
North America was the largest region in the consumer telematics market in 2024
