#Factoftheweek
18%
We are seeing the rise of video telematics, which is the integration of cameras to enable various video-based solutions in commercial vehicles.
Let’s review the numbers of the installed base of active video telematics systems.
North America
2024: 6.1 million units
2029: 13.8 million units
Growth rate: 18%
Europe
2024: 1.6 million units
2029: 3.3 million units
Growth rate: 15.2%
Video telematics can help in a number of different ways. It can track data to optimize routes, improve operations, and reduce costs with fuel or maintenance, ultimately improving efficiency for businesses. Video telematics can also investigate speeding, distracted driving, harsh braking, and crashes to determine liability, or provide driver analysis to coach drivers on how to better perform in the vehicle.
What are your thoughts? What is leading to the rapid rise of video telematics in North America? What big trends can we expect in the next five years?
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