The global fleet telematics market is projected to grow from $10.42 billion in 2025 to $21.95 billion by 2032 at an 11.2% CAGR. The aftermarket segment dominates due to broader compatibility across vehicle types, while advanced telematics packages with predictive maintenance and real-time analytics show the fastest growth. Asia Pacific leads regional growth, driven by China's connectivity infrastructure and government safety mandates. Major players are expanding through partnerships and mergers to offer integrated platforms.

After a significant correction, the bottom is in for PowerFleet Inc (AIOT) and a powerful rebound is expected. The company's transformation efforts, including acquisitions and divestitures, have positioned it for growth in its IoT-enabled SaaS video and warehouse safety/security operations.

PowerFleet, a small-cap AI and IoT company, saw its shares surge after reporting strong Q3 earnings and raising full-year guidance. The company's recent acquisition of Fleet Complete has helped drive revenue growth and margin expansion.

The report provides insights into the growing adoption of telematics solutions by car rental and leasing companies in Europe and North America, driven by trends like connected cars, new mobility services, and vehicle electrification. It profiles leading telematics providers and rental/leasing companies in the industry.

The report forecasts healthy growth in the fleet management market in North and Latin America, with the number of systems in use expected to increase significantly by 2028. It also highlights the leading providers of aftermarket fleet management solutions and the increasing involvement of commercial vehicle OEMs in the industry.