Gothenburg, Sweden (Jan.20, 2025) – IoT analyst firm Berg Insight has released a market report, Aftermarket Car Telematics – 5th Edition, which analyzes the latest developments on the market for applications such as stolen vehicle tracking (SVT), vehicle diagnostics, Wi-Fi hotspot, roadside assistance and convenience applications targeting consumers.This strategic research report from Berg Insight provides you with 190 pages of unique business intelligence including 5-year industry forecasts and expert commentary on which to base your business decisions.

What are the latest developments on the carsharing market? Berg Insight estimates that global carsharing membership will grow at a CAGR of 16.9 percent from 123.4 million at the end of 2022 to 269.4 million by 2027.This report explains all segments including station-based and free floating public carsharing as well as corporate carsharing.Get up to date with the latest information about carsharing organisations, vendors, products and markets.

Executive Summary: Shipments of aftermarket car telematics devices reached 26.7 million in 2023 Telematics is a broad term that may be applied to a wide range of automotive connectivity solutions.Berg Insight’s definition of an aftermarket car telematics solution in this report includes telematics devices created by a company other than the carmakers and are retrofitted into cars mainly via OBD-II and blackbox devices based on both cellular/GNSS and RF technology.The connected car is a major trend in the automotive industry and virtually all of the world’s leading carmakers have launched mass-market services in key regions.

The OEM initiatives can be seen as competition for the aftermarket solutions, but there is still a growing demand for different forms of aftermarket car telematics services.Aftermarket telematics still has a dominant position on the market in many parts of the world.Several categories of aftermarket car telematics applications have become popular including roadside assistance, stolen vehicle tracking (SVT), vehicle diagnostics, usage-based insurance, dealer and inventory management, Wi-Fi hotspot as well as convenience applications targeting consumers.

The addressable market for aftermarket car telematics solutions is significant.At the end of 2022, there were an estimated 1.36 billion passenger cars and light trucks registered worldwide.Even though aftermarket car telematics services face competition from smartphone-only solutions and OEM solutions, Berg Insight is of the opinion that the aftermarket car telematics market is still in a growth phase.

Berg Insight estimates that total shipments of aftermarket car telematics systems reached 26.7 million units worldwide in 2023.Growing at a compound annual growth rate of 7.7 percent, shipments are expected to reach 38.7 million units in 2028.The number of aftermarket car telematics systems in active use is forecasted to grow at a compound annual growth rate of 9.0 percent from 87.7 million in 2023 to 135.1 million worldwide in 2028.

The penetration rate will at the same time grow from 6.3 percent in 2023 to 8.6 percent at the end of the forecast period.The market is characterised by a great diversity of players interacting in a complex value chain that spans multiple industries.The car telematics companies targeting the aftermarket car sector include specialists focusing on this application area only as well as general telematics players that serve a broad range of applications including also for example fleet management for commercial vehicles.

The leading aftermarket car telematics solution providers have reached installed bases in the millions.Examples of leading car telematics solution vendors include OCTO Telematics, Procon Analytics, StarLine, Spireon, Targa Telematics, Ituran, PassTime GPS, Vodafone Automotive, Tracker Connect, Maxtrack and Carsystem.The most common go-to-market strategy is to partner with insurance companies, dealers, OEMs, MNOs and vehicle finance companies.

Leading companies delivering telematics hardware and related services to the aftermarket car telematics market include Teltonika, Jimi IoT, Queclink, Danlaw, Positioning Universal, Xirgo Technologies, ERM Advanced Telematics, Suntech International, Meta System, Munic and Gosuncn RichLink.Stolen vehicle recovery and security-related telematics applications are mature aftermarket car telematics applications.Regional market conditions such as a high level of vehicle crime influence the demand for stolen vehicle tracking and have made SVT solutions popular in countries such as Brazil, Argentina, China, Israel, Russia and South Africa.

Vehicle theft has increased in the past years in many countries.For example, there were thefts of more than 1.0 million motor vehicles in the US in 2023 according to the National Insurance Crime Bureau (NICB).Berg Insight forecasts that the number of active aftermarket SVT units in use worldwide will reach 91.2 million in 2028, up from 58.2 million at year-end 2023.

Telematics has become an important part of the aftersales programmes of dealers and vehicle finance companies, enabling remote diagnostics and direct communication with drivers.There is a tremendous opportunity to turn a reactive way of managing customers into a proactive process by integrating CRM solutions, using data from cars intelligently.Collecting data from the fleet on the lot is also valuable for dealers in order to for example collect information about faulty components and software bugs as well as battery status.

Direct-to-consumer car telematics offerings are available to varying degrees in many regions by companies such as Verizon, Mojio, Tail Light (Bouncie), Agnik (Vyncs), Protectus (CarLock) and Autobrain.Many direct-to-consumer car telematics providers have broadened their product portfolios to include additional telematics application areas such as fleet management as well as powering B2B2C telematics services.Highlights from this report: This report answers the following questions: Access the Report • Aftermarket Car Telematics Telematics – 5th Edition Berg Insight has been covering the automotive telematics market for 19 years.

We put most of the application areas and geographies under the spotlight in our detailed studies with the aim to enhance your business development activities and understanding of the market.The market can be divided into factory installed OEM solutions and retrofitted aftermarket solutions.These solutions support a wide range of applications such as eCall and roadside assistance, stolen vehicle tracking (SVT), vehicle diagnostics, over-the-air updates, connected navigation and infotainment, Wi-Fi hotspots, insurance telematics, carsharing as well as concierge services and convenience applications.

We also cover related topics such as the emerging eVTOL market, bicycle telematics and bike/scooter sharing.As part of our on-going research in this IoT vertical we interview hundreds of companies coming from all parts of the value chain each year.Let us know if you have any questions on these reports.

About Berg Insight Berg Insight is a dedicated IoT market research firm based in Sweden.We have been specialising in all major IoT verticals such as fleet management, car telematics, smart metering, smart homes, mHealth and industrial M2M since 2004.Our vision is to be the most valuable source of intelligence for our customers.

Berg Insight offers numerous market reports, detailed market forecast databases and advisory services.We provide custom research tailored to your requirements including focussed research papers, business case analysis, go-to-market strategies and bespoke market forecasting.We have provided analytical services to 1,400 clients in 72 countries on six continents to date.

Our customers range from many of the world’s largest mobile operators, IT companies and telecom vendors, to venture capitalists, technology start-ups and specialist consultants.For more information, please visit www.berginsight.com.Tags: Berg Insight, Telematics