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North America and Europe to account for 6 million video telematics systems in use in by 2025

The integration of cameras to enable various video-based solutions in commercial vehicle environments is one of the most apparent trends in the fleet telematics sector today. Berg Insight’s definition of video telematics includes a broad range of camera-based solutions deployed in commercial vehicle fleets either as standalone applications or as an additional feature of conventional fleet telematics. Berg Insight estimates that the installed base of active video telematics systems in North America reached 2.1 million units in 2020. Growing at a compound annual growth rate (CAGR) of 16.2 percent, the active installed base is forecasted to reach more than 4.4 million units in North America by 2025. In Europe, the installed base of active video telematics systems reached almost 0.8 million units in 2020. The active installed base is forecasted to grow at a CAGR of 17.9 percent to reach 1.8 million video telematics systems in Europe by 2025.

The video telematics market is served by many companies ranging from specialists focused specifically on video telematics solutions for various commercial vehicles, to general fleet telematics players which have introduced video offerings, and hardware-focused suppliers offering mobile digital video recorders (DVRs) and vehicle cameras used for video telematics. Berg Insight ranks Streamax, Lytx and Samsara as the leading video telematics players in their respective categories. Streamax is the leading hardware provider and the company also offers software dashboards which are widely used together with its devices. Lytx has the largest number of video telematics subscriptions, reaching an estimated installed base of 700,000 connected devices. Among the general fleet telematics players, Samsara stands out as an important provider with a sizable number of camera units deployed across its subscriber base. Additional significant players in this space include the fleet management pioneer Omnitracs (which recently acquired the video safety specialist SmartDrive Systems), the video telematics company SmartWitness and the fleet management player KeepTruckin. The remaining top-10 providers are Nauto, Howen, Trimble and VisionTrack. Other noteworthy players include Matrix Telematics, Netradyne, SureCam, Vision Techniques, MiX Telematics, Seeing Machines, LightMetrics, CameraMatics and Idrive.

For more information, visit http://www.berginsight.com/ShowReport.aspx?m_m=3&id=365.

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