Telematics in Fleet Management Market Growing Trends and Future Growth

Telematics in Fleet Management Market Growth, Key Players and Developments

The telematics in fleet management market size is poised for significant growth from 2025 to 2034, driven by the increasing demand for real-time tracking, enhanced fuel efficiency, regulatory compliance, and cost optimization in logistics and transportation.

Introduction

The telematics in fleet management market is a prominent sector of the automotive industry. This industry deals in advanced solutions for managing and tracking fleet-related vehicles. There are various components of fleet telematics consisting of hardware, software and services. The telematics in fleet management are used for several applications such as vehicle tracking, fleet management, telematics insurance, remote diagnostics and driver behavior monitoring. It uses different technologies comprising of GSM, GPS, satellite, Bluetooth and Wi-Fi. The growing demand for fleet telematics solutions from construction and trucking sector has contributed to the industrial expansion. This market is likely to rise significantly with the growth of the software industry across the world.

• According to the American Trucking Association, in 2024, the truck tonnage is expected to be around 11.27 billion tons in U.S. that is projected to reach 13.99 billion tons in 2035.

Highlights of the Telematics in Fleet Management Market

• Asia Pacific held the highest share of the telematics in fleet management market due to the rising development in the logistics sector along with numerous government initiatives aimed at infrastructural development.
• North America is expected to grow with the highest CAGR due to advancements in 5G technology coupled with increasing emphasis on developing public transportation.
• Europe held a notable share of market due to the presence of numerous fleet operators in Germany and France.
• The Middle East and Africa held a considerable share of the market due to the growing development in construction sector across UAE, Saudi Arabia and Qatar.

Telematics in Fleet Management: Key Trend and Stats

• The telematics companies are developing advanced solutions for meeting the complex demands of fleet management and other industrial applications. For instance, in August 2024, Queclink launched GV850 telematics gateway. The GV850 is a high-performance telematics solution designed to enhance fleet management operations.
• According to a report by International Tank Container Organization, the global container fleet reached 848,400 in January 2024.
• According to a report of Iawa Organization, the total revenue generated from On-Airport Rental Car Agreements in Los Angeles was US$ 52,540,082 during December 2024.
• According to the leaseurope, in 2023, Leaseurope’s member firms granted a total new leasing volumes of €448 billion.

Industry Leader Announcement

In March 2024, Alberto Falcione, Vice President for Sales of Targa Telematics made an announcement stating that, “Viasat Fleet Start and Advanced are the result of the integration of Viasat solutions into the Targa Telematics technology platform, This integration, accomplished in less than a year after the acquisition, was made possible by the harmony and synergy between the sales and Go to Market teams, who have worked together to provide a highly innovative solution. On the one hand, we have benefited from the expertise in the logistics and transportation sectors. On the other hand, technological innovation has been constantly driven by an ongoing commitment to R&D, allowing us to enrich Viasat solutions with new features”.

Competitive Landscape

The telematics in fleet management market is a fragmented industry with the presence of several dominant players. Some of the crucial players in this industry consists of Verizon Connect, Trimble, Teletrac, Geotab, SmartDrive Systems, Lytx, Omnicomm, Samsara, Teletrac Navman, Fleet Complete, AT and T Fleet Management Solutions and some others. These market players are continuously engaged in research and development of telematics solutions for managing fleets around the world.

• According to the annual report of Trimble, the revenue of the transportation segment in 2022 was US$ 604.2 million in 2022 that increased to US$ 741 million in 2023.