Connect with us

Hi, what are you looking for?

Editor's Pick

The installed base of video telematics systems in North America and Europe to exceed 11 million units by 2027

Berg Insight, the leading IoT market research provider, today released a new market study covering the video telematics market.

The integration of cameras to enable various video-based solutions in commercial vehicle environments is a massive trend in the fleet telematics sector.

Berg Insight’s definition of video telematics includes a broad range of camera-based solutions deployed in commercial vehicle fleets either as standalone applications or as an added feature set to conventional fleet telematics.

The frontrunning North American video telematics market is more than three times the size of the European, which is so far largely dominated by activities in the UK. Berg Insight estimates that the installed base of active video telematics systems in North America reached almost 3.9 million units in 2022. Growing at a compound annual growth rate (CAGR) of 18.0 percent, the active installed base is forecasted to reach 8.8 million units in North America by 2027.

In Europe, the installed base of active video telematics systems is estimated to over 1.1 million units in 2022. The active installed base in the region is forecasted to grow at a CAGR of 17.9 percent to reach 2.5 million video telematics systems in 2027.

The video telematics market is served by a number of different types of players, ranging from specialists focused specifically on video telematics solutions, to general fleet telematics players which have introduced video offerings, and hardware-focused suppliers offering mobile digital video recorders (DVRs) and vehicle cameras used for video telematics.

“Berg Insight ranks Streamax, Lytx and Samsara as the leading video telematics players in their respective categories”, said Rickard Andersson, Principal Analyst, Berg Insight. He adds that Streamax is the leading hardware provider, having more than 2.4 million mobile DVRs installed in vehicles worldwide to date. The company also offers software dashboards which are widely used together with its devices.

Mr. Andersson continued:

“Lytx has the largest number of video telematics subscriptions, while Samsara stands out among the general fleet telematics players with a significant number of camera units deployed across its subscriber base.”

Additional sizeable players in this space include the new channel-focused brand Sensata INSIGHTS (including the acquired video telematics company SmartWitness), the fleet management player Motive (formerly KeepTruckin), the hardware-focused video telematics company Howen, and the fleet management provider Solera Fleet Solutions (which acquired the commercial vehicle telematics pioneer Omnitracs including the video safety specialist SmartDrive).

“The remaining top-10 players are Netradyne, Nauto and VisionTrack which all have a primary focus on camera-based solutions specifically”, said Mr. Andersson. Other noteworthy players competing in the video telematics space include video-focused solution providers such as Bendix (SafetyDirect by Bendix CVS), Idrive, SureCam, LightMetrics, Waylens, Seeing Machines and CameraMatics; fleet telematics players including Trimble, Matrix iQ, MiX Telematics, Forward Thinking Systems, Radius Telematics, ISAAC Instruments, Azuga, Microlise, Trakm8 and AddSecure Smart Transport; as well as the hardware-focused supplier Pittasoft (BlackVue). “These players have all reached estimated installed bases in the tens of thousands”, concluded Mr. Andersson.

Download report brochure: The Video Telematics Market

The post The installed base of video telematics systems in North America and Europe to exceed 11 million units by 2027 appeared first on IoT Business News.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.


    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Latest News

    As the United States continues to grapple with the ongoing immigration crisis, the House and Senate have found themselves at odds over how to...

    Latest News

    As the world continues to grapple with the COVID-19 pandemic, the global economy is facing unprecedented challenges. In the United States, President Joe Biden...

    Investing

    American Airlines stock could double from here, according to JPMorgan. The investment bank has upgraded the airline’s stock to “overweight” and set a price...

    Latest News

    Debt anxiety has been a major concern for many Americans, especially during the pandemic. However, recent developments on Capitol Hill have brought some relief...

    Disclaimer: Thedailylaunch.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2020-2024 The Daily Launch. All Rights Reserved.