Electric Vehicle Telematics Market size worth US$13.504 billion by 2029

The electric vehicle telematics market is expected to grow at a CAGR of 10.24% during the forecasted period, with a market valuation of US$8.294 billion in 2024, and is expected to reach US$13.504 billion by 2029.

An electric vehicle telematics is a combination of several information technologies, and communication systems, which are designed to track and collect vehicle information. This information may include details about the location of the vehicle, the behaviour of the driver, and vehicle performance. Telematics are generally used in commercial fleet vehicles, which offers multiple benefits to the operator of the fleets. The electric vehicle telematics systems help the operators to track the vehicles using the on-board GPS systems, and check the performance of the battery. The electric vehicle telematics also updates the operators about the driving range of the vehicle.

The global electric telematics market is sure to witness massive growth with the increase in the market share of electric vehicles in the commercial fleet sectors. With the introduction of new governmental policies and subsidies, the share of electric vehicles in the commercial sector has witnessed significant growth, offering massive opportunities for the growth of telematics in the electric vehicle industry. In the global electric vehicle telematics market, various companies introduced their products and solutions, to offer the fleet operators an efficient management of their vehicles. For instance, in July 2024, Inseego Corporation launched its cutting-edge electric vehicle telematics solutions, which are aimed at streamlining global electric fleet management. The EV telematics is designed to offer a smooth transition of the operators to the electric vehicles, and it also adds information like productivity, preformation, and efficiency of the vehicle.

The global electric vehicle telematics market, by solution, is segmented into hardware, software, and services. The software category of the solution segment, under the global electric vehicle telematics market, is estimated to grow at a higher rate. The electric vehicle telematics software offers a wide range of applications to fleet operators, as it offers real-time monitoring of the vehicles, along with planning the most efficient delivery route, and maintaining the schedule.

The vehicle solution segment of the electric vehicle telematics market is categorized into battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hybrid electric vehicles (HEVs). Under the vehicle solution segment of the global electric vehicle telematics market, the battery electric vehicle category is forecasted to attain a greater market share. The battery electric vehicle demand has grown significantly, in the global commercial vehicle sector, majorly with the introduction of several governmental policies, and the implementation of new technologies, which offer a greater range, and improved efficiency.

The global electric vehicle telematics market, by vehicle weight, is segmented into light and heavy. The heavy vehicle category of the vehicle weight segment is estimated to attain a greater share in the global electric vehicle telematics market. The heavy vehicle category attains a greater share in the global electric vehicle fleets sectors. In heavy vehicles, the telematics solutions offer greater benefits over the light vehicle category, as it helps in the easy maintenance of the vehicle, and helps to identify any problems in advance. It also offers energy efficiency in heavy vehicles and also reduces the cost of operations.

Based on geography, the Asia Pacific region of the electric vehicle telematics market is anticipated to attain significant growth. The Asia Pacific region has witnessed significant growth in its demand for electric vehicles over the years. Multiple Asian Pacific countries like India, China, Vietnam, and Japan are among the biggest producers of sustainable vehicles, which include hybrid vehicles, plug-in hybrids, and fully electric vehicles. Furthermore, the increase in the introduction of governmental initiatives and policies to boost the region’s electric vehicle infrastructure and ecosystem is also estimated to propel the electric vehicle telematics market in the Asia Pacific region. Governments of various countries like India, China, Japan, South Korea, and Singapore have introduced multiple policies, and incentives, to increase the production capabilities of the nation, boosting the market demand for electric vehicle telematics.

The research includes several key players from the electric vehicle telematics market, such as Airbiquity Inc.(Karma Automotive), Geotab Inc., Azuga, Inc., ERM Advanced Telematics, Trimble, Inc., Continental AG, Agero, Inc., Robert Bosch GmbH, TomTom International BV, Intellicar, Sawatch Labs, Electra EV , Samin TekMindz India Pvt. Ltd.

View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-electric-vehicle-telematics-market

This analytics report segments the global electric vehicle power telematics market as follows:

• By Solution
  • Hardware
  • Software
  • Services
•  By Vehicle Type
  • Battery Electric Vehicles (BEVs)
  • Plug-In Hybrid Electric Vehicles (PHEVs)
  • Hybrid Electric Vehicles (HEVs)
• By Vehicle Weight
  • Light
  • Heavy
• By Geography
  • North America
    • USA
    • Canadá
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Others

• Commercial Telematics Market Size

• Connected Car Market Share

• Electric Vehicle Drivetrain Market Report