Berg Insight, the leading IoT market research provider, today released a new market study covering the video telematics market.
The integration of cameras to enable various video-based solutions in commercial vehicle environments is a massive trend in the fleet telematics sector.
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 added feature set to conventional fleet telematics. The frontrunning North American video telematics market is three times the size of the European, which is so far largely dominated by activities in the UK. Berg Insight estimates that the installed base of active video telematics systems in North America reached 2.9 million units in 2021.
Growing at a compound annual growth rate (CAGR) of 16.5 percent, the active installed base is forecasted to reach almost 6.3 million units in North America by 2026. In Europe, the installed base of active video telematics systems is estimated to over 0.9 million units in 2021. The active installed base in the region is forecasted to grow at a CAGR of 17.9 percent to reach 2.1 million video telematics systems in 2026.
The video telematics market is served by a number of different types of players, ranging from specialists focused specifically on video telematics solutions, 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”, said Rickard Andersson, Principal Analyst, Berg Insight.
He adds that Streamax is the leading hardware provider, having more than 2.1 million mobile DVRs installed in vehicles worldwide to date, and the company also offers software dashboards which are widely used together with its devices.
“Lytx has the largest number of video telematics subscriptions, while Samsara stands out among the general fleet telematics players with a significant number of camera units deployed across its subscriber base”, continued Mr. Andersson.
Additional sizeable players in this space include the video telematics company SmartWitness (owned by Sensata), the fleet management player Motive (formerly KeepTruckin), the commercial vehicle telematics pioneer Omnitracs (owned by Solera) including the acquired video safety specialist SmartDrive, the hardware-focused video telematics company Howen, and the vision-based safety platform provider Netradyne.
Other noteworthy players competing in the video telematics space include video-focused solution providers such as Nauto, VisionTrack, Bendix (SafetyDirect by Bendix CVS), SureCam, LightMetrics, Idrive, Seeing Machines, CameraMatics, Exeros Technologies, Waylens and Vision Techniques; fleet telematics players including Trimble, Matrix Telematics, Radius Telematics, MiX Telematics, Azuga, Microlise, Forward Thinking Systems, ISAAC Instruments, Trakm8 and AddSecure Smart Transport; as well as the hardware-focused supplier Pittasoft (BlackVue).
Mr. Andersson concluded:
“These players have all reached estimated installed bases in the tens of thousands.”
This UrIoTNews article is syndicated fromIoTBusinessNews