"Research from IoT analyst firm Berg Insight has calculated that the total number of aftermarket car telematics shipments worldwide reached 26.5 million in 2024 and projects that it will reach 39.3 million units in 2029 with the installed base of active aftermarket car telematics units growing at a CAGR of 8.7% to 136.8 million worldwide at the end of 2029 from 90.3 million at the end of 2024."
"Berg Insight's definition of an aftermarket car telematics solution in the report comprises both cellular/global navigation satellite system (GNSS) and RF-based solutions. It adds that there are currently many different form factors applicable for aftermarket car telematics ranging from professionally installed hardwired black boxes to self-installed on-board diagnostics (OB) dongles and battery-powered devices. The Aftermarket Car Telematics pointed to aftermarket car telematics solutions as being useful in a number of application areas including stolen vehicle tracking and recovery (SVT/SVR), vehicle diagnostics, Wi-Fi hotspots, convenience"
"Remote vehicle diagnostics allow service providers such as dealers and workshops to improve service offerings to car owners. "Dealers and finance companies can moreover leverage telematics for internal fleet management and manage the customer lifetime value," noted Berg Insight senior analyst Martin Cederqvist. "The number of active aftermarket SVT units in use is forecasted to reach 103.4 million in 2029, up from 67.0 million at year-end 2024.""
Aftermarket car telematics shipments reached 26.5 million in 2024 and are projected to reach 39.3 million in 2029. The installed base of active aftermarket telematics units is projected to grow from 90.3 million in 2024 to 136.8 million by the end of 2029 at a CAGR of 8.7%. Aftermarket telematics comprises cellular/GNSS and RF-based solutions in multiple form factors, from hardwired boxes to OBD dongles and battery-powered devices. Key applications include stolen vehicle tracking and recovery, vehicle diagnostics, Wi‑Fi hotspots, convenience features and usage-based insurance. Cellular solutions are most common, while RF is widely used for SVT in certain regions. Active SVT units are forecast to rise from 67.0 million in 2024 to 103.4 million in 2029, with higher demand in countries with elevated vehicle crime such as Brazil, Israel, Russia and South Africa.
Read at ComputerWeekly.com
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