Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Electric Vehicle Telematics Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Key Forecast Insights for the Electric Vehicle Telematics Market Growth?
The market size of the global Electric Vehicle Telematics has experienced significant expansion recently. The market is projected to increase from $10.39 billion in 2024 to $12.66 billion in 2025, with a compound annual growth rate (CAGR) of 21.9%.
What Is the Predicted Industry Size and CAGR of the Electric Vehicle Telematics Market in 2029?
The Electric Vehicle Telematics Global Market is projected to reach a market size of $25.89 billion in 2029. The market is also expected to grow with a compound annual growth rate (CAGR) of 19.6% throughout the forecast
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Which Factors Are Driving Growth in the Electric Vehicle Telematics Market?
The key drivers in the electric vehicle telematics market are:
• Rising demand for connected services in vehicles and energy consumption forecasting
• Advancements in telematics technology and expansion of charging infrastructure
• Shift towards usage-based insurance models and enhanced focus on data security and privacy
• Emergence of innovative applications like V2X communication and integration with smart grids.
Which Segment Trends Are Covered in the Electric Vehicle Telematics Market Forecast?
The electric vehicle telematics market covered in this report is segmented –
1) By Technology: Embedded, Retrofitted
2) By Vehicle Type: Two Wheelers, Passenger Vehicles, Commercial
3) By Application: Safety And Security, Entertainment, Information And Navigation, Diagnostics, Other Applications
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What Are the Current Market Trends in the Electric Vehicle Telematics Industry?
The key trends in the electric vehicle telematics market are:
• Technological advancements in telematics are shaping the future of the electric vehicle telematic market.
• The expansion of charging infrastructure is a significant upcoming trend.
• The market is significantly influenced by the integration with smart grids and under management systems.
• There is a growing trend towards usage-based insurance models, enhanced focus on data security, privacy and the emergence of innovative applications like Vehicle-to-Everything (V2X) communication.
Who are the Key Companies in the Electric Vehicle Telematics Market?
Major players in the electric vehicle telematics market are:
• Verizon Communications Inc.
• Robert Bosch GmbH
• Tesla Inc.
• Siemens AG
• Denso Corporation
• Continental AG
• Hundai Kefico
• Toyota Industries Corporation
• Valeo Corporation
• Infineon Technologies AG
• Renesas Electronics
• HARMAN International
• Microchip Technology
• Trimble Inc.
• Vishay Intertechnology Inc.
• Geotab Inc.
• Agero Inc.
• Inventure Ltd.
• TomTom International BV
• Danfoss
• Azuga Inc.
• Airbiquity Inc.
• Hangzhou Tiecheng Information Technology
• Intellicar Telematics
What are the Regional Trends Across the Electric Vehicle Telematics Market?
Asia-Pacific was the largest region in the electric vehicle telematics market in 2024
