Video Telematics to Enter the Smart Transport Sector
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, says the latest Berg Insight report.
Growing at a compound annual growth rate (CAGR) of 18.0 percent, the active installed base is forecasted to reach 8.8 million units in North America by 2027, and in Europe, the installed base of active video telematics systems reached over 1.1 million units in 2022. The active installed base is forecasted to grow at a CAGR of 17.9 percent to reach 2.5 million video telematics systems in Europe by 2027.
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.
“The remaining top-10 players are Netradyne, Nauto and VisionTrack which all have a primary focus on camera-based solutions specifically”, said Mr. Andersson. Other noteworthy players competing in the video telematics space include video-focused solution providers such as Bendix (SafetyDirect by Bendix CVS), Idrive, SureCam, LightMetrics, Waylens, Seeing Machines and CameraMatics; fleet telematics players including Trimble, Matrix iQ, MiX Telematics, Forward Thinking Systems, Radius Telematics, ISAAC Instruments, Azuga, Microlise, Trakm8 and AddSecure Smart Transport; as well as the hardware-focused supplier Pittasoft (BlackVue). “These players have all reached estimated installed bases in the tens of thousands”, concluded Mr. Andersson.