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Smile, Drivers! Video Telematics Systems in Vehicles to Exceed 6 million by 2026
FROM PRESS RELEASE
Gothenburg, Sweden, April 21, 2022 – Berg Insight, a leading Internet of Things market research provider, has released a new market study covering the video telematics market that projects the number of cameras in commercial vehicles in North America to reach about 6.3 million by 2026.
The integration of cameras to enable various video-based solutions in commercial vehicle environments has grown considerably in just a few years. 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.
Berg reports the North American video telematics market is three times the size of the European sector, which is to date 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
Many Offerings
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 who 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
Additional sizeable players in this space, according to Berg Insight include:
- video telematics company SmartWitness (owned by Sensata)
- fleet management player Motive (formerly KeepTruckin)
- commercial vehicle telematics pioneer Omnitracs (owned by Solera) including the acquired video safety specialist SmartDrive
- hardware-focused video telematics company Howen
- vision-based safety platform provider Netradyne.
Others 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
- Vision Techniques
Fleet telematics players include:
- Trimble
- Matrix Telematics
- Radius Telematics
- MiX Telematics
- Azuga
- Microlise
- Forward Thinking Systems
- ISAAC Instruments
- Trakm8
- AddSecure Smart Transport
- hardware-focused supplier Pittasoft (BlackVue).
“These players have all reached estimated installed bases in the tens of thousands”, Andersson said.
Brochure for download: The Video Telematics Market
