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Commercial Vehicle Telematics Market Share
Continental and Bosch hold a market share of around 15% in the commercial vehicle telematics industry. Continental focuses on expanding its product portfolio with advanced telematics solutions that provide real-time vehicle tracking, diagnostics, and predictive maintenance capabilities. By integrating IoT and AI technologies, Continental aims to offer comprehensive fleet management services, optimizing fuel efficiency, safety, and operational performance. The company also emphasizes partnerships with fleet operators and OEMs to offer customized solutions tailored to specific market needs.
Bosch is enhancing its telematics solutions with a strong focus on connectivity and automation. Its strategies include expanding the Bosch IoT Suite and offering advanced analytics tools for fleet management, driver assistance, and predictive maintenance. Bosch is also investing in cloud-based platforms to streamline data exchange and improve fleet management processes. Both companies are pursuing collaborations, expanding their R&D efforts, and introducing scalable telematics solutions to capture a larger share of the rapidly growing commercial vehicle telematics industry.
Commercial Vehicle Telematics Market Companies
Major players operating in the commercial vehicle telematics industry include:
- Bosch
- Continental
- Geotab
- Omnitracs
- Qualcomm
- Samsara
- Teletrac
- TomTom
- Trimble
- Verizon
Why is the OEM segment leading in the commercial vehicle telematics industry?
The OEM segment held 63% of the market share in 2024 and is expected to grow as manufacturers integrate advanced telematics systems into new vehicles to meet the rising demand for connected and smart vehicles.
How big is the commercial vehicle telematics market?
The market size of commercial vehicle telematics reached USD 24.3 billion in 2024 and is set to grow at a 12.9% CAGR from 2025 to 2034, driven by increasing demand for commercial vehicles.
What is the size of the U.S. commercial vehicle telematics market?
The U.S. market accounted for 80% of the revenue share in 2024, led by the adoption of telematics systems for real-time monitoring and data analysis to optimize fleet operations and reduce fuel consumption.
Who are the major players in the commercial vehicle telematics industry?
The key players in the market include Bosch, Continental, Geotab, Omnitracs, Qualcomm, Samsara, Teletrac, TomTom, Trimble, and Verizon.