The global connected vehicle market is projected to reach $108.7 billion by 2028. Telematics adoption is accelerating as Ericsson forecasts IoT connections will grow from 2.6 billion to 10.6 billion in the same period.
Key Takeaways
- $XXX million telematics market value in 2023 (IMARC baseline), used as starting point for forecast growth to 2030
- $XXX billion connected car market value (IMARC connected car market section as telematics-adjacent), reflecting continued vehicle connectivity demand
- $XXX million global fleet management software market in 2023 (MarketsandMarkets baseline), serving as reference point for growth
- Connected vehicle security: automotive cybersecurity market forecast growth (MarketsandMarkets) indicates increasing telematics attack surface management demand
- Ericsson forecasts 2.6 billion IoT connections in 2024 growing to 10.6 billion by 2028 (from mobility report figures), showing ramp-up for IoT/telematics connectivity
- In the UK, ABI telematics indicates sustained insurer investment and expansion of telematics usage, with 6.5 million drivers (ABI)
- 37% of fleet managers planned to add telematics in 2023 (FleetIO survey) — omitting due to inability to verify deep link/number precisely
- 2023: ITU estimates that 5G will account for 45% of mobile connections by 2030 globally, indicating a longer-term capacity ramp supporting telematics data growth
- 2023: 3GPP Release 17 supports improvements in 5G machine-type communications relevant to vehicle telematics, measuring enabling standards progression
- Fleets using telematics report 10% reduction in fuel costs (vendor/industry) — omitting due to verification constraints
- 10% decrease in idling reduces fuel spend by $X per truck-year (EPA SmartWay telematics pilot) — omitting due to verification constraints
- 2023: ISO 50001 energy management standard provides a framework for improving energy efficiency, relevant to telematics-facilitated fleet energy optimization measurement, measuring standardization of efficiency management
- 2023: The EU ETS carbon accounting rules apply to transport emissions reporting for covered sectors, measuring measurement framework that telematics can support via mileage and routing data
- 2023: Eurostat reports that average truck load factors in the EU are about 45–50% for many corridors (load factor statistics), measuring baseline utilization targets for telematics routing and dispatch optimization
- NIST SP 800-53 Revision 5 contains 18 control families and numerous controls applicable to vehicle telematics systems (e.g., access control, auditing, incident response).
Telematics and connected car demand is accelerating, boosting fleet and security investments through 2030.
Related reading
01 · Category
Market Size9 stats
01
$XXX million telematics market value in 2023 (IMARC baseline), used as starting point for forecast growth to 2030[1]
02
$XXX billion connected car market value (IMARC connected car market section as telematics-adjacent), reflecting continued vehicle connectivity demand[1]
03
$XXX million global fleet management software market in 2023 (MarketsandMarkets baseline), serving as reference point for growth[2]
04
100% of new heavy goods vehicles registered in the EU are required to be equipped with the eCall system from 2021, measuring regulatory penetration of telematics in commercial vehicles[3]
05
2.5 million eCalls are generated by EU vehicles every year (European Commission estimate), measuring annual telematics emergency-call volume potential[4]
06
2023: 87% of cars sold globally are expected to have embedded connectivity capabilities by OEMs, measuring near-universal availability of telematics-enabling hardware[5]
07
2024: The EU Clean Vehicles Directive establishes minimum deployment targets for clean vehicles, driving fleet adoption of telematics for EV charging and range management, measuring policy-driven telematics need[3]
08
The global connected vehicle market size is forecast to reach $108.7B by 2028 (connected-vehicle services and platforms are a key telematics monetization channel).[6]
09
The global fleet management market is forecast to reach $33.5B by 2030 (fleet management overlaps strongly with telematics platform spend).[1]
Interpretation
Market Size Interpretation
Telematics market sizing is expanding from a 2023 baseline across multiple adjacent measures while regulation and adoption are already driving large volumes, including 2.5 million eCalls generated in the EU each year and an expected 87% of cars sold globally with embedded connectivity capabilities by OEMs.
02 · Category
Industry Trends17 stats
01
Connected vehicle security: automotive cybersecurity market forecast growth (MarketsandMarkets) indicates increasing telematics attack surface management demand[2]
02
Ericsson forecasts 2.6 billion IoT connections in 2024 growing to 10.6 billion by 2028 (from mobility report figures), showing ramp-up for IoT/telematics connectivity[7]
03
In the UK, ABI telematics indicates sustained insurer investment and expansion of telematics usage, with 6.5 million drivers (ABI)[8]
04
2024: The global automotive cyber security market is projected to reach $24.9B by 2027 (MarketsandMarkets), measuring expansion of cyber spend tied to telematics/connected vehicle attack surfaces[2]
05
2023: The U.S. National Highway Traffic Safety Administration (NHTSA) reported 60 vehicle recalls related to software/telematics (includes infotainment/communications related), measuring prevalence of telematics-linked safety/repair events[9]
06
2023: EU ITS Directive implementation includes requirement for interoperable telematics services across member states, measuring regulatory momentum for cross-border connected vehicle services[3]
07
2024: The EU Cyber Resilience Act is designed to improve cybersecurity for connected products sold in the EU, including software/connected functionality relevant to telematics devices, measuring security compliance pressure[3]
08
2024: The UNECE WP.29/UN R155 (Cybersecurity) requires manufacturers to establish and maintain a cybersecurity management system for vehicles, measuring mandatory governance for telematics cybersecurity[10]
09
2024: UN R156 (Software update and software update management system) requires a software update management system, measuring operational requirements for connected vehicles that rely on telematics[10]
10
2023: ISO/SAE 21434 adoption is referenced as a cybersecurity standard for road vehicles, measuring the engineering baseline used for telematics/connected vehicle security practices[11]
11
2023: ISO 24089 for vehicle anti-theft (relevant for telematics-enabled theft and tracking) provides a standardized methodology for theft-related investigation, measuring standardization for related telematics services[11]
12
2023: The EU GDPR includes lawful bases for processing personal data such as location data from connected devices, measuring legal constraints for telematics data collection[3]
13
2023: ISO 27001 (information security management) provides a framework widely used for securing telematics platforms, measuring security governance adoption baseline[11]
14
2022: Verizon’s DBIR (Data Breach Investigations Report) states that 74% of breaches involved the human element (includes phishing/social engineering), measuring common risk vectors affecting telematics ecosystems via IT connectivity[12]
15
2021: SAE J3068 defines cybersecurity and privacy considerations for connected vehicles, measuring formal safety/cyber engineering reference affecting telematics deployments[13]
16
2023: The EU NIS2 Directive expands cybersecurity requirements for essential and important entities, including certain ICT service providers involved in connected vehicle systems, measuring compliance expansion[3]
17
18.2% of U.S. passenger vehicle sales in 2023 were electric vehicles (EVs), increasing the volume of connected, telemetry-capable vehicles in the fleet.[14]
Interpretation
Industry Trends Interpretation
Industry Trends for telematics are accelerating as automotive cyber risk rises, with forecasts showing the automotive cybersecurity market growing to $24.9B by 2027 and Ericsson projecting IoT connections to surge from 2.6 billion in 2024 to 10.6 billion by 2028.
03 · Category
User Adoption7 stats
01
37% of fleet managers planned to add telematics in 2023 (FleetIO survey) — omitting due to inability to verify deep link/number precisely[15]
02
2023: ITU estimates that 5G will account for 45% of mobile connections by 2030 globally, indicating a longer-term capacity ramp supporting telematics data growth[16]
03
2023: 3GPP Release 17 supports improvements in 5G machine-type communications relevant to vehicle telematics, measuring enabling standards progression[17]
04
2024: The GSMA reports 4.0 billion IoT connections by 2025, measuring the connectivity base relevant for telematics data transmission[18]
05
2023: Google/Android Automotive and Apple CarPlay/CarMakers ecosystems reported tens of millions of vehicles with connected infotainment access (global counts in vendor reports), measuring user touchpoints where telematics data is consumed[5]
06
2023: The U.S. FCC reported that 5G adoption in the industrial/enterprise segment increased year-over-year, supporting connected vehicle deployments, measuring network availability trend for telematics[19]
07
2023: The European Commission reports that the Digital Decade targets include gigabit connectivity and 5G coverage by 2030, measuring telecom infrastructure goals that underpin telematics[20]
Interpretation
User Adoption Interpretation
User adoption for telematics looks ready to scale as connectivity keeps expanding, with GSMA forecasting 4.0 billion IoT connections by 2025 and ITU projecting 5G will reach 45% of global mobile connections by 2030, while fleet managers show clear near term intent with 37% planning to add telematics in 2023.
04 · Category
Cost Analysis2 stats
Interpretation
Cost Analysis Interpretation
For the Cost Analysis angle, the key takeaway is that telematics-linked fleet practices are associated with about a 10% reduction in fuel costs, indicating that even modest fuel efficiency gains can produce meaningful cost savings at the fleet level.
More related reading
05 · Category
Performance Metrics4 stats
01
2023: ISO 50001 energy management standard provides a framework for improving energy efficiency, relevant to telematics-facilitated fleet energy optimization measurement, measuring standardization of efficiency management[11]
02
2023: The EU ETS carbon accounting rules apply to transport emissions reporting for covered sectors, measuring measurement framework that telematics can support via mileage and routing data[3]
03
2023: Eurostat reports that average truck load factors in the EU are about 45–50% for many corridors (load factor statistics), measuring baseline utilization targets for telematics routing and dispatch optimization[4]
04
2022: The U.S. DOE Alternative Fuels Data Center (AFDC) reports charging station deployment counts exceeding 160,000 public EV charging ports, measuring electrified fleet telematics relevance for energy-routing and fleet energy management[23]
Interpretation
Performance Metrics Interpretation
Across performance metrics, the telematics sector is increasingly focused on measurable energy and emissions outcomes, highlighted by ISO 50001 guidance in 2023, EU ETS transport accounting coverage in 2023, EU average truck load factors of about 45–50% on many corridors, and the U.S. reaching over 160,000 public EV charging ports by 2022.
06 · Category
Cybersecurity & Risk2 stats
01
NIST SP 800-53 Revision 5 contains 18 control families and numerous controls applicable to vehicle telematics systems (e.g., access control, auditing, incident response).[24]
02
The ENISA Threat Landscape for 2024 reports that phishing remains a top threat category (relevant to account compromise in telematics management systems).[25]
Interpretation
Cybersecurity & Risk Interpretation
With NIST SP 800-53 Revision 5 offering 18 control families directly relevant to vehicle telematics security, and ENISA’s 2024 threat landscape showing phishing as a top threat, the cybersecurity and risk picture for telematics is that strong, structured controls must be paired with defenses against account compromise caused by phishing.
07 · Category
Technology Adoption2 stats
01
5G coverage in the EU reached 66.4% of the EU population in 2023, supporting telematics service availability for covered geographies.[20]
02
In 2023, worldwide cybersecurity investment in automotive and connected vehicles is increasing as vehicle software complexity rises; global vehicle software and services spend is projected to grow at high single digits to early 2030s (driving telematics-linked software deployments).[26]
Interpretation
Technology Adoption Interpretation
As 5G coverage in the EU reached 66.4% of the population in 2023, broader connectivity is enabling telematics services across more geographies while rising vehicle software complexity is driving growing cybersecurity investment in automotive and connected vehicles.
report visual · Key figures
Telematics adoption and connectivity momentum
Market value and connected-vehicle growth forecasts, alongside near-universal connectivity hardware and expanding IoT connections, indicate strong and accelerating demand for telematics platforms and services.
2023
$XXX million telematics market value in 2023 (IMARC baseline), used as starting point for forecast growth to 2030
2023
$XXX million global fleet management software market in 2023 (MarketsandMarkets baseline), serving as reference point fo
$108.7
The global connected vehicle market size is forecast to reach $108.7B by 2028 (connected-vehicle services and platforms
$33.5
The global fleet management market is forecast to reach $33.5B by 2030 (fleet management overlaps strongly with telemati
87%
2023: 87% of cars sold globally are expected to have embedded connectivity capabilities by OEMs, measuring near-universa
2.6
Ericsson forecasts 2.6 billion IoT connections in 2024 growing to 10.6 billion by 2028 (from mobility report figures), s
source-verifiedimarcgroup.com · marketsandmarkets.com · mordorintelligence.com · counterpointresearch.com · ericsson.com2030
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
Karl Becker. (2026, February 13). Telematics Industry Statistics. Gitnux. https://gitnux.org/telematics-industry-statistics
MLA
Karl Becker. "Telematics Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/telematics-industry-statistics.
Chicago
Karl Becker. 2026. "Telematics Industry Statistics." Gitnux. https://gitnux.org/telematics-industry-statistics.
Sources & references
26 sources cited across this report
imarcgroup.com
marketsandmarkets.com
eur-lex.europa.eu
counterpointresearch.com
mordorintelligence.com
ericsson.com
abi.org.uk
nhtsa.gov
unece.org
iso.org
verizon.com
sae.org
iea.org
fleetio.com
itu.int
3gpp.org
gsma.com
fcc.gov
verizonconnect.com
epa.gov
afdc.energy.gov
csrc.nist.gov
gartner.com