
Growth Opportunities in the Mexican Connected Truck Telematics Market, 2025
Description
he connected truck telematics industry in Mexico has been growing, primarily driven by the need to protect vehicles and cargo, reduce the total cost of ownership (TCO) for fleets, and comply with legislation. In 2024, for example, 1.51 million trucks were connected in the country, with fleet management and/or video solutions. This figure indicates a 15% growth year-over-year (YoY). By 2030, the telematics market will connect 3.84 million trucks, growing at a compound annual growth rate (CAGR) of 16.9%.
Currently, fleet companies and industries in Mexico are facing two main challenges that stimulate the adoption of telematics solutions: the increasing levels of insecurity and the need for fuel control services. Therefore, safety and security solutions and trailer and fuel management solutions are in high demand and will remain important during the forecasted period.
In general, large fleets have more connected trucks than small fleets, and HDTs are the largest segment using telematic services. Although TSPs comprise most of the market, the number of trucks with telematic hardware from the factory is increasing. To accomplish it, OEMs have partnered with multiple telematics companies to provide services to the end customer.
This analysis covers developments in the telematics industry for trucks, identifies growth opportunities, provides a market roadmap, and discusses strategic insights. It also provides an overview of the regulatory scenario, key competitors, and technological trends.
Currently, fleet companies and industries in Mexico are facing two main challenges that stimulate the adoption of telematics solutions: the increasing levels of insecurity and the need for fuel control services. Therefore, safety and security solutions and trailer and fuel management solutions are in high demand and will remain important during the forecasted period.
In general, large fleets have more connected trucks than small fleets, and HDTs are the largest segment using telematic services. Although TSPs comprise most of the market, the number of trucks with telematic hardware from the factory is increasing. To accomplish it, OEMs have partnered with multiple telematics companies to provide services to the end customer.
This analysis covers developments in the telematics industry for trucks, identifies growth opportunities, provides a market roadmap, and discusses strategic insights. It also provides an overview of the regulatory scenario, key competitors, and technological trends.
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