Video Telematics Market size to cross USD 8.67 Billion by 2034

Selbyville, DE. - The global video telematics market was estimated at USD 1.69 billion in 2024 and is expected to grow from USD 1.96 billion in 2025 to USD 8.67 billion by 2034, at a CAGR of 17.9%, according to the latest report published by Global Market Insights Inc.  

Regulations such as the ELD (Electronic Logging Device) mandate in the U.S. and other global safety standards are pushing fleet managers to adopt integrated video and telematics solutions to ensure legal compliance and reporting accuracy.  

Key Insights:

Market Size & Growth:

• 2024 Market Size: USD 1.69 billion
• 2025 Market Size: USD 1.96 billion
• 2034 Forecast Market Size: USD 8.67 billion
• CAGR (2025–2034): 17.9 %  

Regional Insights:

• Largest Market: North America
• Fastest Growing Market: Asia Pacific
• Emerging Countries: China, India, Brazil, Mexico, UAE

Key Growth Drivers:

1. Rising demand for fleet safety and driver monitoring: Fleet operators are increasingly adopting video telematics solutions to enhance driver accountability, reduce accident rates, and promote safer driving behaviors through real-time video insights and AI-powered alerts.  
2. Insurance cost reduction and claims management: Video footage from dashcams and in-cabin cameras provides valuable evidence during insurance claims, helping to reduce fraudulent claims, speed up settlements, and lower overall insurance premiums for commercial fleets.  
3. Integration of AI and advanced analytics: The use of artificial intelligence in video telematics enabling real-time event detection, driver fatigue monitoring, and predictive analytics, empowering fleet operators to make faster, data-driven decisions.  
4. Operational efficiency and cost optimization: Video telematics helps reduce fuel waste, unauthorized vehicle use, and downtime by offering insights into driver behavior and vehicle performance, resulting in significant cost savings and operational improvements.  
5. Growing adoption of cloud-based fleet management solutions: Cloud connectivity allows video telematics data to be accessed remotely and in real time, supporting centralized fleet management and scalability for both small operators and enterprise-level logistics companies.  

Key Players:

• Samsara Inc. is leading the market with over 8.3% share in 2024.  
• Some of the top players in this market include Samsara Inc., SmartWitness (Sensata Technologies), Geotab Inc., Verizon Connect (Verizon Communications Inc.), Lytx Inc., which together held a 32.9% share in 2024.  

Key Challenges:

1. Data privacy and security concerns: Video telematics systems collect vast amounts of personal and location data, raising concerns around data privacy, storage, and potential misuse.  
2. High initial investment and operational costs: The upfront cost of hardware (dashcams, sensors, storage), installation, and ongoing maintenance can be a barrier for small to mid-sized fleets.  
3. Driver resistance and trust issues: Some drivers view in-cabin cameras as intrusive or as tools for surveillance rather than safety.  
4. Bandwidth and storage limitations: Video data requires significant bandwidth and storage infrastructure for real-time streaming or high-resolution footage.  
5. Integration with legacy systems: Many fleet operators still rely on older telematics platforms or proprietary software that may not easily integrate with modern video systems.  

Browse key industry insights spread across 210 pages with 180 market data tables and figures from the report, “Video Telematics Market Size - By Component, By Technology, By Vehicle, By Application, By End Use, Growth Forecast, 2025 - 2034” in detail, along with the table of contents:

https://www.gminsights.com/industry-analysis/video-telematics-market  

Rising Adoption in Hardware

The hardware segment held a notable share in 2024, driven by devices such as dashcams, in-cabin cameras, DVRs, and sensor-enabled accessories. As fleet operators increasingly prioritize real-time visual insights for safety and compliance, the demand for rugged, high-resolution, and AI-integrated hardware continues to rise. Manufacturers are focusing on improving device durability, connectivity, and ease of installation to support diverse vehicle types, from passenger cars to long-haul trucks.  

Growing Demand in Passenger Vehicles

The video telematics market from passenger vehicles segment will witness strong growth during 2025-2034, driven by the rising demand for personal safety, insurance discounts, and theft prevention. Ride-hailing services, company car fleets, and even private consumers are equipping vehicles with intelligent dashcams that offer real-time alerts, driver behavior tracking, and accident recording capabilities. Companies tailoring solutions to be discreet, user-friendly, and compatible with mobile apps to appeal to this tech-savvy demographic.  

Driver & Fleet Management to Gain Traction

The driver & fleet management segment generated a notable share in 2024, driven by the organizations' need to monitor driver behavior, improve fuel efficiency, and reduce operational risk. Real-time video combined with GPS, accelerometers, and AI-powered analytics allows fleet managers to detect fatigue, distracted driving, harsh braking, and route deviations. This data-rich approach empowers managers to coach drivers effectively while optimizing routes and maintenance schedules. The segment is on track to exceed USD 3 billion, with continuous innovations in cloud integration and real-time decision-making driving adoption across industries.  

North America to Emerge as a Propelling Region

North America video telematics market held a robust share in 2024, driven by stringent fleet safety regulations, rising commercial vehicle adoption, and increasing awareness around driver accountability. The U.S. alone is responsible for a significant portion of market revenue, with adoption spanning logistics, field services, passenger transport, and public sector fleets. Robust infrastructure and high technology penetration make North America a favorable environment for continuous innovation and expansion in video telematics applications.  

Major players in the video telematics market are Trimble Transportation (Trimble Inc.), Nauto, Verizon Connect (Verizon Communications Inc.), VisionTrack, Lytx, Geotab, SmartWitness (Sensata Technologies), MiX Telematics, Samsara, and Netradyne.  

To solidify their presence, companies in the video telematics market are focusing on AI-driven innovation, strategic partnerships, and vertical-specific solutions. Market leaders are embedding artificial intelligence to enable real-time driver coaching, automated incident detection, and predictive maintenance insights. Collaborations with insurance firms, fleet leasing companies, and logistics providers help expand customer bases and improve service integration.