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CALX CalAmp is mentioned as a notable vendor in the North American aftermarket vehicle telematics hardware market, indicating its presence in this growing sector. IOT Jimi IoT is identified as the runner-up in the global aftermarket vehicle telematics hardware market, suggesting a significant market position. YTRA Queclink is listed as a top player in the aftermarket vehicle telematics hardware market, ranking third with a notable market share. VOD Vodafone Automotive is mentioned as a leading aftermarket telematics service provider that designs and develops telematics hardware in-house.

DUBLIN--( BUSINESS WIRE)--The "The Global Aftermarket Vehicle Telematics Hardware Market - 4th Edition" report has been added to ResearchAndMarkets.com's offering.

The Global Aftermarket Vehicle Telematics Hardware Market is the foremost source of information about the passenger car and commercial vehicle telematics hardware market for aftermarket installation. Whether you are a telematics hardware vendor, vehicle telematics service provider, vehicle manufacturer, telecom operator, investor, consultant, or government agency, you will gain valuable insights from this in-depth research.

It covers the aftermarket segment for passenger cars and commercial vehicles. This strategic research report provides you with 130 pages of unique business intelligence including 5-year industry forecasts and expert commentary on which to base your business decisions.

Telematics is a broad term that may be applied to a wide range of vehicle connectivity solutions. The analyst's definition of a telematics system in this report is an automatic system designed for passenger cars and commercial vehicles that incorporates some form of cellular/GNSS or RF communications technology. All of the world's leading carmakers have now launched mass-market connectivity services in key regions. The OEM initiatives can be seen as competition for aftermarket solutions, but there is still a growing demand for different forms of aftermarket telematics services.

The addressable market for aftermarket telematics solutions is significant. At the end of 2024, an estimated 1.6 billion vehicles were registered worldwide. The analyst has found that 51.2 million aftermarket telematics hardware devices were sold globally during 2024 for a total market value of approximately €2.4 billion. Europe, North America and China were the largest markets, achieving shipments of about 12.2 million, 11.7 million and 10.6 million in 2024. The analyst forecasts that global shipments of aftermarket telematics devices will grow at a compound annual growth rate (CAGR) of 8.6% in the next five years to reach 77.5 million in 2029. Revenues from sales of aftermarket telematics devices are forecasted to grow from €2.4 billion in 2024 to €3.5 billion in 2029, representing a CAGR of 7.6%.

The leading telematics hardware vendors generally have an international market focus and offer products for both passenger cars and commercial vehicle applications. These players often have a number of distribution channels, ranging from direct sales to end-users to indirect sales via fleet management and other aftermarket telematics service providers, system integrators or OEMs. Direct sales remain a principal distribution model to larger clients, while indirect channels are common for distributing solutions to smaller clients. Partnering with resellers is furthermore common when solution providers expand to new geographical markets.

Teltonika was the market leader in terms of aftermarket vehicle telematics hardware sales with a market share of about 7.1%, reaching annual sales of €170 million in 2024. Jimi IoT was the runner-up with a market share of 4.9%. Additional top players include Queclink, Xirgo and BSJ Technology. Queclink ranked third in terms of sales with a market share of about 2.9% while Xirgo and BSJ technology ranked fourth and fifth with market shares of roughly 2.3% and 2.2% respectively. Notable vendors further include ERM Advanced Telematics from Israel; CalAmp, Positioning Universal and Danlaw from North America; ST SUNLAB, Gosuncn RichLink, TOPFLYtech, Neoway Technology, Coban Electronics, Sinotrack, iTriangle, GoSafe, Sinocastel and ATrack from Asia-Pacific; and Ruptela from Europe.

Some telematics service providers are vertically integrated companies with activities spanning hardware design, software development, marketing, sales, project implementation and system operation. Contract manufacturers are commonly used as opposed to in-house production. Examples of vertically integrated companies include Geotab, Webfleet and Samsara in the fleet management market. Leading aftermarket telematics service providers in the aftermarket dealer and vehicle finance space that design and develop telematics hardware in-house include Procon Analytics, Spireon, Vodafone Automotive and PassTime GPS.

Highlights from the report:

The report answers the following questions:

Market Trends

Company Profiles and Strategies

Specialised aftermarket hardware vendors

Vertically integrated telematics and fleet management vendors

For more information about this report visit https://www.researchandmarkets.com/r/cyck3q

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