How big is the Europe Telematics Market?

The Europe Telematics Market size is expected to reach 21.25 million units in 2024 and grow at a CAGR of 15.24% to reach 43.19 million units by 2029. Read More

What is the current Europe Telematics Market size?

In 2024, the Europe Telematics Market size is expected to reach 21.25 million units. Read More

Who are the key players in Europe Telematics Market?

Webfleet Solutions BV, Verizon Communications Inc., ABAX UK Ltd, Masternaut Limited and Targa Telematics SpA are the major companies operating in the Europe Telematics Market. Read More

What years does this Europe Telematics Market cover, and what was the market size in 2023?

In 2023, the Europe Telematics Market size was estimated at 18.44 million units. The report covers the Europe Telematics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Telematics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Europe Telematics Market Size | Industry Analysis & Growth Trends

Europe Telematics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Europe Telematics Market Growth and it is segmented by Vehicle Type (Commercial (Current Market Scenario and Installed Base, Penetration of LCV vs. MCV/HCV, Telematics Service Revenue Analysis, Country (United Kingdom, Germany, France, Italy, Spain, Benelux, Norway, Sweden, Poland, Denmark, Finland, Rest of Europe)), Passenger Vehicle (Current Market Scenario and Installed Base of Embedded OEM Telematics Systems, and Region Analysis - Qualitative Analysis of Trends and Dynamics)). The market sizes and forecasts are provided in terms of the installed base of telematics systems for all the segments.

Europe Telematics Industry Overview

The intensity of competitive rivalry in the European telematics market is high, with the presence of multiple players vying for market share in a fairly contested space. Mergers and acquisitions can be identified as a key strategy followed by market incumbents to strengthen market dominance. Furthermore, the competition is expected to increase further, with newer players looking to offer specialized offerings and innovative business models. Key Vendors include Verizon Communications Inc., Webfleet Solutions BV, ABAX UK Ltd, Masternaut Limited, and Targa Telematics SpA, among others.

In May 2023, Targa Telematics announced the acquisition of Viasat Group Spa to strengthen its leadership in the Italian market and accelerates its expansion in Europe. Through this acquisition, the company aims to mark the creation in the field of IoT and the development of solutions and digital services for connected mobility.

Similarly, in March 2023, Targa Telematics announced a strategic partnership with Ford to expand its range of connected car solutions and the integration of data from the car manufacturer's vehicles.

In October 2022, Webfleet announced a strategic partnership with Muses, a new eOEM based near Paris, to offer integrated telematics solutions. The company's telematics solution enables Muses to monitor fleet health and predictive schedule maintenance. It provides Muses' customers' access to the full Webfleet suite to optimize fleet efficiency and reduce cost.