Video Telematics Market Size, By Component, By Technology, By Vehicle, By Application, By End Use, By Region, Forecast 2024–2032

Video Telematics Market Size

The video telematics market was valued at USD 1.3 billion in 2023 and is estimated to register a CAGR of 17.8% between 2024 and 2032. The market is growing at a fast pace with increasing demand for keeping fleets safer, real-time monitoring, and improved analyses of driver behavior. ADAS and AI video telematics are reducing accidents, increasing their acceptance in sectors such as transport, logistics, and construction.
 

For example, in May 2024 Exeros Technologies, video telematics and accident management provider, launched the VideMatics platform which concerned promoting fleet safety and efficiency. As a robust video telematics and fleet management platform, VideMatics succeeds in promoting both fleet safety and efficiency.

Regulatory mandates on fleet safety and insurance telematics are helping with video telematics market growth. With safety standards tightened, companies are exploring ways to cut operational costs. Another key driver is the increasing acceptance of connected systems and IoT-enabled solutions. The rise of predictive maintenance and asset tracking technologies is changing fleet management, allowing businesses to optimize operations based on insights derived from real-time data. The growing acceptance of standardized telematics fitment by OEMs contributes to the seamless integration of video telematics into vehicles, thereby lowering entry barriers to implementation.
 

Video Telematics Market Trends

• As companies want to reduce accidents and improve operational efficiency of drivers, companies are embedding telematics in their vehicles. The business has evolved from basic GPS tracking to integration of real-time data analysis tools, mishap risk avoidance, and utilization of artificial intelligence for intelligent decision-making processes. With road accidents on the rise and fleet managers need better ways to oversee their vehicles, there's growing interest in video systems that can watch driver behavior, help prevent crashes, and make fleets run better.
   
• Companies are now integrating AI technologies and instant data analytics for their fleet and video systems to protect drivers. For example, in July 2024 Cautio was able to secure funding to build intelligent dashboard cameras with internal locomotive systems that offer real time data for USD 2 million from Antler, 8I Ventures, and AU Small Finance Bank. This investment portrays increasing confidence in the market for technologies that ensure safety for motorists while also enhancing fleet operations.
   
• Cloud platforms allow for more efficient video and telematics data analysis that helps businesses to optimize expenditures. The rise of IoT and 5G enables seamless real-time monitoring, making it easier for fleet managers to create safer and more efficient operations.
   
• For instance, in December 2024, GPS Trackit acquired Zonar Systems to expand its cloud-based fleet management capabilities. This acquisition enhances GPS Trackit’s position as a leading provider of video telematics and fleet health solutions, particularly in the government and education sectors.
   

Video Telematics Market Analysis

Based on component, the market is divided into hardware, software, and services. In 2023, the hardware segment was valued at over USD 800 million.
 

• Advancements in technology and rising need for improved safety and efficiency are driving growth in the hardware segment of the market. Real-time monitoring and data collection in fleet management depend on essential hardware elements such OBD devices, sensors, GPS tracking systems, and dash cams.
   
• The rise in demand for embedded systems, connected systems, and standalone systems reflects a growing need for comprehensive solutions that ensure vehicle safety, optimize fleet performance, and reduce operational costs. Driven by this emphasis on high-tech equipment solutions, the video telematics market is underscoring the need for strong, dependable parts for improving general fleet and vehicle management systems.
   
• For example, in August 2024 Geo4Net launched AI-driven dashcam equipped with live-connectivity and analytics. This technology will transform fleet management by supplying real-time data on driver performance and improve vehicle safety.
   
• This shows the growing emphasis on advanced hardware solutions to satisfy demand for accuracy and dependability in video telematics. The release of these sophisticated items highlights the continuous transformation of fleet managers using creative technology to meet changing requirements and enhance safety results.

Based on vehicles, the video telematics market is categorized into passenger vehicles and commercial vehicles. The passenger segment is anticipated to register a market share of over 87% in 2023.
 

• The video telematics market for passenger vehicles is experiencing fast growth, driven by the increasing adoption of advanced safety features and enhanced driver assistance technologies. As consumer expectations for integrated safety and entertainment solutions rise, video telematics will become a critical component in modern passenger vehicles. The growth is driven by the integration of AI in dash cams, real-time monitoring system, and advanced ODB, which collectively will improve driving safety and vehicle performance.
   
• Technological advancements such as the integration of video telematics allow for real-time tracking. Furthermore, monitoring driver behavior and performing predictive maintenance increases the overall reliability of the vehicle.
   
• An example of this advancement is MiX Telematics release of an AI-based fleet management solution that comes with driver behavior monitoring and predictive maintenance features in February 2024. The system uses a real-time Machine Learning algorithm to predict vehicle problems, optimize routes, and improve safety.
   
• The launch signifies the increasing industry reliance on Artificial Intelligence for effective decision making and increased operational efficiency. MiX Telemetics hopes to improve standards in fleet management while tackling data privacy and cost-effective challenges by providing detailed insights and actionable alerts.

In 2023, the U.S. region accounted for a video telematics market share of USD 422.7 million. In the U.S., video telematics has revolutionized fleet management, providing real-time tracking, driver behavior insights, and predictive maintenance to improve both safety and operational efficiency.
 

• North America is leading the video telematics sector with wide adoption of fleet management solutions, and strict safety rules. The area's strong focus on driver safety and compliance, combined with the common application of AI and machine learning in telematics solutions, helps drive its dominance. Further underpinning North America's first place are the increasing need of integrated fleet solutions and the existence of major industry leaders.
   
• Increasing regulatory requirements on fleet safety, and the concern of Europe to reduce road accidents, drive a maturing video telematics market in Europe. Advanced telematics in commercial cars and merged video telematics with insurance products also do well to support the market. The commitment of Europe towards innovativeness in technology for transport drives the relatively stable growth of its market.
   
• For instance, in April 2024, Haier Europe, a part of Haier Smart Home and a global leader in domestic appliances, announced substantial advancements in fleet management and risk reduction following the adoption of SureCam’s integrated video telematics ecosystem. This move aims to reduce fleet-related risks and costs while streamlining management processes.
   
• Rise in road safety awareness, rapid digitalization and industrialization, and increasing road safety is driving the video telematics market to grow in Asia Pacific region.
   
• In addition, a thriving e-commerce sector of the region, and a high demand for effective fleet management solutions are contributing factors. Additionally, increasing usage of telematics in commercial vehicles, especially in India and China, is driving the growth in the market.
   

Video Telematics Market Share

Top 7 companies of the market are Geotab, Nauto, Trimble, Sensata, Verizon, Samsara and Lytx collectively hold a significant market share of 59.7% in the video telematics industry in 2023.
 

• Verizon Connect's approach in the video telematics sector revolves in use of AI-driven dashcams to improve fleet safety and operations efficiency. Verizon added road-facing and dual-facing cameras as well as new camera models in August 2022.
   
• Verizon revamped its line to include new camera models, including road-facing and dual-facing photographs. Using Verizon's AI engine and cloud computing, these cameras can identify unsafe driving habits in real time such as drowsiness, distractions, and reckless behaviors. Alerting drivers of risky actions as they happen, the system offers live in-cab coaching.
   
• Furthermore, fleet managers get more visibility on driving events, therefore helping them to train drivers more efficiently. Verizon's dashcam system is upgradable so it retains long-term worth even as new features and improvements are added. The platform helps driving habits across fleets of any size.
   
• Samsara's leads the video telematics market as the company is involved in developing strategic alliances to speed up expansion and improve their telematics system. In April 2024 marks the start of the partnership with United Natural Foods to enhance fleet safety, operational efficiency, and sustainability, a prime case of this approach.
   
• With the use of Samsara’s telematics, environmental monitoring, and video-based safety systems, UNFI has been able to reduce pollution, minimize waste, and enhance operational efficiency. As such, Samsara can integrate different technologies and extend its reach. In the logistics and transportation business, effectiveness and safety of operations are of utmost importance, so partnership is very beneficial.
   
• Important stakeholders in the industry can increase their fleet management systems, add greater value to their customers, and achieve environmental targets with the help of partnerships from the industry.
   

Video Telematics Market Companies

Major players operating in the video telematics industry are:

• AT&T
• Geotab
• Lytx
• MiX Telematics
• Motive Technologies
• Nauto
• Samsara
• Sensata Technologies
• Trimble
• Verizon Communications
   

These companies are focusing on the development of high-end AI-powered video telematics solutions for safety enhancement and operational efficiency. They are also integrating sustainable development into their products to take care of the surging demands of regulations and customers.
 

• In October 2023, Netradyne launched Driveri One Video Telematics for Fleet Safety and Management, with AI-driven risk detection, real-time GPS tracking, and compliance tools all integrated into the Geotab platform, helping fleets to operate and manage themselves better, saving time and money, and optimizing their fleet performance.
   
• Video telematics continues to evolve, companies invest in partnerships and acquisitions to reach a large audience and enhance the breadth of their capabilities in the broader fleet management systems. In May 2024, Geotab launched a new video telematics plan without any cost upfront.
   
• The new plan aims at supporting any kind of firm operating in Latin America in introducing AI-based video telematics within its fleet activities with zero investment at the very start. Geotab brings an integrated package to the customers through its combined use with Surfsight cameras by Lytx Inc. to enhance fleet management in security and driver safety while reducing risk.
   

Video Telematics Industry News

• In July 2024, IdriveAI introduced NEXUS, which is a cloud-based fleet management platform designed to enhance risk management and operational efficiency. By using AI-driven insights and real-time analytics, NEXUS offers advanced video telematics, predictive risk alerts, and customizable reporting.
   
• In June 2024, Geo4Net unveiled AI-powered video telematics solutions. The company also introduced a white-labeling option, allowing partners to offer these advanced technologies under their own brands.
   
• In May 2024, Dalmia Transport & Logistics selected Roadzen’s DrivebuddyAI to enhance its fleet operations. DrivebuddyAI, powered by Roadzen’s ADAMATICS platform, integrates Advanced Driver Assistance Systems (ADAS) with video telematics and telematics technology to improve safety and operational efficiency. The platform offers real-time monitoring, collision avoidance, driver behavior insights, and video-based incident tagging, enabling proactive risk management.
   
• In October 2023, Geotab launched its Order Now program in Australia, featuring Sensata INSIGHTS as the first partner, focusing on video telematics. Sensata’s KP2 AI-powered dashcam integrates with Geotab’s platform, offering road and driver-facing visibility along with advanced driver assistance features like collision and lane departure warnings.
   
• In March 2023, Geotab and Lytx announced the availability of the Surfsight AI-12 dashcam in the Geotab Marketplace in Europe through the Order Now program. This AI-powered dashcam integrates with Geotab’s telematics platform, combining machine vision, artificial intelligence, and live video streaming to enhance fleet safety. It detects risky driving behaviors, provides real-time alerts, and allows seamless ordering through My Geotab.
   

The video telematics market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) from 2021 to 2032, for the following segments:

Click here to Buy Section of this Report

Market, By Component

• Hardware
  • Dash cams
  • GPS tracking devices  
  • Sensors           
  • Onboard Diagnostics (OBD) devices
• Software         
• Services
  • Installation services   
  • Maintenance & support services       
  • Managed services      
  • Consulting services    

Market, By Technology

• Embedded system
• Connected system
• Standalone system

Market, By Vehicle

• Passenger vehicles
• Commercial vehicles
  • Light Commercial Vehicles (LCV)
  • Heavy Commercial Vehicles (HCV)

Market, By Application

• Driver & fleet management
• Predictive maintenance
• Insurance telematics
• Asset tracking
• Law enforcement

Market, By End Use

• Transportation & logistics
• Construction
• Healthcare
• Retail
• Government & public safety
• Oil & gas
• Utilities

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Poland
  • Benelux
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Southeast Asia 
• Latin America
  • Brazil
  • Colombia
  • Argentina
  • Chile 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa