£1.2bn
£XXX.Xm
4,389
332
£XXX.Xm
Fleet telematics systems have become commonplace in large fleets but continue to grow. Analytical services enable fleet directors to monitor drivers' speed, fuel usage, navigation and maintenance needs, helping to boost efficiency and cut costs. Fleet telematics system providers are transitioning to software-based services, away from hardware (which costs more to produce). They're also working closely with car manufacturers to integrate software into cars on the production line, helping sidestep external competition from free navigational apps on smartphones, like Google and Apple Maps.
Industry revenue has grown at a CAGR of 4.7 % over the past five years, to reach an estimated £1.2bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue (£m)
2024 |
---|---|---|
Microlise Ltd | 60.9 | |
Webfleet Solutions Sales BV | 40.0 | |
Masternaut Ltd | 32.5 |
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Industry revenue is measured across several distinct product and services lines, including GPS fleet tracking , Analytics and insights and Workflow management . GPS fleet tracking is the largest segment of the Fleet Telematics Systems in the UK.
GPS fleet tracking faces heavy competitive pressure
Companies in this industry provide telematics technology, which is required to collect data from remote objects. Fleet telematics systems use electronics and Global Positioning Systems to track the location and other characteristics, such as mileage or speed, of vehicles in a fleet.
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SIC 62.01 - Fleet Telematics Systems in the UK
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
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As the centre of business, London dominates. The capital gives fleet telematics system operators opportunities to seek out investment, form new business relationships and fin...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Price competition continues to surge. It’s easy for small companies to enter the industry and once software is developed, capital costs are pretty low. This means lots of sma...
Learn about the performance of the top companies in the industry.
Open-source software has enabled new entrants. Despite the presence of large international companies, the prevalence of open-source software means smaller companies offering ...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Business profit levels influence demand. When companies make more money, they’re more likely to invest in implementing new systems, like fleet telematics, driving up industry...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Average industry profit is pretty high. However, it does vary a little between companies – those offering SaaS will have higher profitability because their products are cheap...
Including values and annual change:
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Key data sources in the UK include:
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The market size of the Fleet Telematics Systems in the UK industry in United Kingdom is £1.2bn in 2024.
There are 332 businesses in the Fleet Telematics Systems in the UK industry in United Kingdom, which has grown at a CAGR of 5.3 % between 2019 and 2024.
The market size of the Fleet Telematics Systems in the UK industry in United Kingdom has been growing at a CAGR of 4.7 % between 2019 and 2024.
Over the next five years, the Fleet Telematics Systems in the UK industry in United Kingdom is expected to grow.
The biggest companies operating in the Fleet Telematics Systems market in United Kingdom are Microlise Ltd, Webfleet Solutions Sales BV and Masternaut Ltd
GPS fleet tracking and Analytics and insights are part of the Fleet Telematics Systems in the UK industry.
The company holding the most market share in United Kingdom is Microlise Ltd.
The level of competition is high and increasing in the Fleet Telematics Systems in the UK industry in United Kingdom.