According to Cognitive Market Research, the global Vehicle Telematics market size is USD 8958.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 12.60% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 3583.40 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.8% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 2687.55 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 2060.46 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.6% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 447.93 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.0% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 179.17 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.3% from 2024 to 2031.
Emergency Call is the dominant section of the Vehicle Telematics Market in 2024.
