Market Trends

The number of participants in electronic offender monitoring programmes reached 1.4 million in Europe and the Americas in 2023

The smart waste sensor technology market will grow at a CAGR of 22.8 percent until 2028

The installed base of video telematics systems in North America and Europe to reach 15 million units by 2028

Smart city technologies continue to shape the cities of tomorrow

The installed base of smart parking sensors to reach 3.2 million units in 2028

The number of telecare solution users in Europe and North America reached 14.2 million at the end of 2023

The installed base of wireless IIoT devices in the oil and gas industry to reach 18.8 million by 2028

 The installed base of GNSS-based on-board units deployed for road user charging exceeds 7 million units worldwide

The public transport ITS market in Europe and North America to reach € 4.3 billion by 2027

The penetration rate of smart gas meters in Europe reached 45 percent in 2023 

Smart electricity meter penetration rate in Europe reached 60 percent at the end of 2023

The shared micromobility fleet to reach 38.2 million vehicles by 2027

Private LTE/5G network deployments reached 2,900 at the end of 2023

The shared micromobility fleet to reach 38.2 million vehicles by 2027

The installed base of connected tanks to reach 23.5 million in 2027

The installed base of fleet management systems in Europe will reach 26.5 million by 2027

The installed base of construction equipment OEM telematics systems will reach 11 million units worldwide by 2027

The number of lone workers using connected safety solutions in Europe and North America reached 1.5 million in 2022

The installed base of smart street lights to reach 64 million worldwide by 2027

Water AMI landscape 2028- Exceeding expectations with over 100 percent growth in Europe and North America

The installed base of fleet management systems in the Americas to reach 37 million units by 2027

The installed base of tracking devices for trailers, containers, rail freight wagons, ULDs and pallets reached 8.8 million in 20225G router and gateway sales gain momentum

The installed base of tracking devices for trailers, containers, rail freight wagons, ULDs and pallets reached 8.8 million in 2022

The vehicle telematics hardware market reached € 10.8 billion worldwide in 2022

Rapid growth on the horizon for the cold chain tracking solutions market

Europe and North America reached 30.4 million active insurance telematics policies in 2022

The installed base of medication compliance monitoring devices to reach 8.2 million worldwide in 2027

The global satellite IoT subscriber base to reach 23.9 million by 2027

The number of connected heavy commercial vehicle charging points in Europe and North America to reach 768,000 by 2030

Cellular IoT connectivity revenues surpassed € 10 billion in 2022

The installed base of fleet management systems in South Africa to reach 3.8 million units by 2027

Cellular IoT module revenues increased 12 percent to reach US$ 5.9 billion in 2022

Embedded car OEM telematics subscribers exceeded 200 million in 2022

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