The installed base of video telematics systems in North America and Europe will reach 15 million units by 2028, according to Berg Insight.

The integration of cameras to enable various video-based options in commercial vehicles is a massive trend in the fleet telematics sector. Berg’s definition of video telematics includes a broad range of camera-based products deployed in commercial vehicle fleets either as standalone applications or as an added feature to conventional fleet telematics.

The front-running North American video telematics market is more than three times the size of the European, which is so far largely dominated by activities in the UK. Berg estimates the installed base of active video telematics systems in North America reached almost 4.9 million units in 2023. With a CAGR of 19.0 per cent, the active installed base is forecasted to reach 11.7 million units in North America by 2028.

In Europe, the installed base of active video telematics systems is estimated to be almost 1.4 million units in 2023. The active installed base in the region is forecasted to have a CAGR of 18.0 per cent to reach 3.1 million video telematics systems in Europe by 2028.

The video telematics market is served by a number of different types of players, ranging from specialists focused on video telematics, to general fleet telematics players that have introduced video offerings, and hardware-focused suppliers offering mobile digital video recorders (DVRs) and vehicle cameras used for video telematics.

Berg ranks Streamax, Lytx and Samsara as the leading video telematics players in their categories.

“Streamax is the leading hardware provider, having over 2.9 million mobile DVRs installed in vehicles globally to date, and the company also offers software dashboards which are widely used together with its devices,” said Rickard Andersson, principal analyst at Berg Insight.

He added that Lytx had the largest number of video telematics subscribers, having surpassed one million vehicles under subscription.

“Samsara stands out among the general fleet telematics players with a significant number of camera units deployed across its subscriber base,” said Andersson.

Additional sizeable players include the fleet management player Motive, channel-focused brand Sensata Insights including the acquired video telematics company SmartWitness, and hardware-focused video telematics company Howen, all having estimated installed bases of several hundred thousand units.

“The remaining top-ten players are Netradyne, Nauto and VisionTrack, which all have a primary focus on camera-based options specifically, as well as the fleet management provider Solera Fleet,” said Andersson.

Solera acquired the commercial vehicle telematics pioneer Omnitracs including the video safety specialist SmartDrive. Other noteworthy players competing in the video telematics space include video-focused product providers such as LightMetrics, SafetyDirect (Rand McNally), Idrive, SureCam, Waylens, Seeing Machines and CameraMatics; fleet telematics players including Trimble, Radius Telematics, MiX by Powerfleet, Matrix iQ, Forward Thinking Systems, Azuga, Isaac Instruments, Microlise, Trakm8, AddSecure Smart Transport and ERoad; as well as the hardware-focused supplier Pittasoft (BlackVue).

“These players have all reached estimated installed bases in the tens of thousands,” said Andersson.

More details on the report can be found at: media.berginsight.com/2024/04/17091305/bi-videotelematics5-ps.pdf.