
Motor Racing Telematics (MRT)
Description
Global Motor Racing Telematics (MRT) Market to Reach US$915.9 Million by 2030
The global market for Motor Racing Telematics (MRT) estimated at US$558.8 Million in the year 2024, is expected to reach US$915.9 Million by 2030, growing at a CAGR of 8.6% over the analysis period 2024-2030. M2M Application, one of the segments analyzed in the report, is expected to record a 9.0% CAGR and reach US$554.1 Million by the end of the analysis period. Growth in the IoT Application segment is estimated at 7.9% CAGR over the analysis period.
The U.S. Market is Estimated at US$149.0 Million While China is Forecast to Grow at 8.3% CAGR
The Motor Racing Telematics (MRT) market in the U.S. is estimated at US$149.0 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$145.1 Million by the year 2030 trailing a CAGR of 8.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 7.9% and 7.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.8% CAGR.
The report analyzes the Motor Racing Telematics (MRT) market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Application (M2M Application, IoT Application)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
Select Competitors (Total 13 Featured) -
- Agero, Inc.
- Airbiquity, Inc.
- AT&T, Inc.
- Bynx Ltd.
- Comtech TeleCommunication Systems, Inc.
- Connexis LLC
- Continental AG
- Ericsson AB
- Fleetmatics Group PLC
- Luxoft Holding, Inc.
- Magneti Marelli SpA
- Octo Telematics Ltd.
- PTC, Inc.
- Robert Bosch GmbH
- Telogis, Inc.
- TomTom International BV
- Valeo SA
- Verizon Telematics
- Visteon Corporation
- Vodafone Automotive SpA
- WirelessCar
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TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by increasing the Cost of Goods Sold (COGS), reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.
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Table of Contents
- I. METHODOLOGY
- II. EXECUTIVE SUMMARY
- 1. MARKET OVERVIEW
- Influencer Market Insights
- Tariff Impact on Global Supply Chain Patterns
- Global Economic Update
- Motor Racing Telematics (MRT) – Global Key Competitors Percentage Market Share in 2025 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E)
- 2. FOCUS ON SELECT PLAYERS
- 3. MARKET TRENDS & DRIVERS
- Surge in Professional Racing Events Drives Demand for Advanced Telematics Solutions
- Growing Focus on Driver Safety and Performance Enhances MRT System Integrations
- Innovations in Real-Time Data Transmission Propel MRT Adoption in Motor Racing
- Enhanced Analytics and Predictive Insights from MRT Systems Boost Competitive Strategies
- Expansion of Racing Telematics in Off-Road and Rally Competitions Creates New Market Opportunities
- Increasing Sponsorship and Viewer Engagement Spurs Innovations in Racing Telematics
- Development of Wearable Telematics for Enhanced Driver Monitoring and Health Tracking
- Integration of IoT and Connectivity Solutions Expands Functionality of MRT Systems
- Stricter Safety Regulations in Motorsports Strengthen the Business Case for MRT
- Advancements in GPS and Sensor Technologies Drive MRT System Accuracy and Reliability
- Rising Popularity of Electric and Hybrid Race Cars Influences MRT System Requirements
- 4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: World Motor Racing Telematics (MRT) Market Analysis of Annual Sales in US$ Thousand for Years 2015 through 2030
- TABLE 2: World Recent Past, Current & Future Analysis for Motor Racing Telematics (MRT) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2024 through 2030 and % CAGR
- TABLE 3: World 6-Year Perspective for Motor Racing Telematics (MRT) by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2025 & 2030
- TABLE 4: World Recent Past, Current & Future Analysis for M2M Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2024 through 2030 and % CAGR
- TABLE 5: World 6-Year Perspective for M2M Application by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
- TABLE 6: World Recent Past, Current & Future Analysis for IoT Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2024 through 2030 and % CAGR
- TABLE 7: World 6-Year Perspective for IoT Application by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
- III. MARKET ANALYSIS
- UNITED STATES
- Motor Racing Telematics (MRT) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2025 (E)
- TABLE 8: USA Recent Past, Current & Future Analysis for Motor Racing Telematics (MRT) by Application - M2M Application and IoT Application - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 9: USA 6-Year Perspective for Motor Racing Telematics (MRT) by Application - Percentage Breakdown of Value Revenues for M2M Application and IoT Application for the Years 2025 & 2030
- CANADA
- TABLE 10: Canada Recent Past, Current & Future Analysis for Motor Racing Telematics (MRT) by Application - M2M Application and IoT Application - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 11: Canada 6-Year Perspective for Motor Racing Telematics (MRT) by Application - Percentage Breakdown of Value Revenues for M2M Application and IoT Application for the Years 2025 & 2030
- JAPAN
- Motor Racing Telematics (MRT) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2025 (E)
- TABLE 12: Japan Recent Past, Current & Future Analysis for Motor Racing Telematics (MRT) by Application - M2M Application and IoT Application - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 13: Japan 6-Year Perspective for Motor Racing Telematics (MRT) by Application - Percentage Breakdown of Value Revenues for M2M Application and IoT Application for the Years 2025 & 2030
- CHINA
- Motor Racing Telematics (MRT) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2025 (E)
- TABLE 14: China Recent Past, Current & Future Analysis for Motor Racing Telematics (MRT) by Application - M2M Application and IoT Application - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 15: China 6-Year Perspective for Motor Racing Telematics (MRT) by Application - Percentage Breakdown of Value Revenues for M2M Application and IoT Application for the Years 2025 & 2030
- EUROPE
- Motor Racing Telematics (MRT) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2025 (E)
- TABLE 16: Europe Recent Past, Current & Future Analysis for Motor Racing Telematics (MRT) by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2024 through 2030 and % CAGR
- TABLE 17: Europe 6-Year Perspective for Motor Racing Telematics (MRT) by Geographic Region - Percentage Breakdown of Value Revenues for France, Germany, Italy, UK and Rest of Europe Markets for Years 2025 & 2030
- TABLE 18: Europe Recent Past, Current & Future Analysis for Motor Racing Telematics (MRT) by Application - M2M Application and IoT Application - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 19: Europe 6-Year Perspective for Motor Racing Telematics (MRT) by Application - Percentage Breakdown of Value Revenues for M2M Application and IoT Application for the Years 2025 & 2030
- FRANCE
- Motor Racing Telematics (MRT) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2025 (E)
- TABLE 20: France Recent Past, Current & Future Analysis for Motor Racing Telematics (MRT) by Application - M2M Application and IoT Application - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 21: France 6-Year Perspective for Motor Racing Telematics (MRT) by Application - Percentage Breakdown of Value Revenues for M2M Application and IoT Application for the Years 2025 & 2030
- GERMANY
- Motor Racing Telematics (MRT) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2025 (E)
- TABLE 22: Germany Recent Past, Current & Future Analysis for Motor Racing Telematics (MRT) by Application - M2M Application and IoT Application - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 23: Germany 6-Year Perspective for Motor Racing Telematics (MRT) by Application - Percentage Breakdown of Value Revenues for M2M Application and IoT Application for the Years 2025 & 2030
- ITALY
- TABLE 24: Italy Recent Past, Current & Future Analysis for Motor Racing Telematics (MRT) by Application - M2M Application and IoT Application - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 25: Italy 6-Year Perspective for Motor Racing Telematics (MRT) by Application - Percentage Breakdown of Value Revenues for M2M Application and IoT Application for the Years 2025 & 2030
- UNITED KINGDOM
- Motor Racing Telematics (MRT) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2025 (E)
- TABLE 26: UK Recent Past, Current & Future Analysis for Motor Racing Telematics (MRT) by Application - M2M Application and IoT Application - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 27: UK 6-Year Perspective for Motor Racing Telematics (MRT) by Application - Percentage Breakdown of Value Revenues for M2M Application and IoT Application for the Years 2025 & 2030
- REST OF EUROPE
- TABLE 28: Rest of Europe Recent Past, Current & Future Analysis for Motor Racing Telematics (MRT) by Application - M2M Application and IoT Application - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 29: Rest of Europe 6-Year Perspective for Motor Racing Telematics (MRT) by Application - Percentage Breakdown of Value Revenues for M2M Application and IoT Application for the Years 2025 & 2030
- ASIA-PACIFIC
- Motor Racing Telematics (MRT) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2025 (E)
- TABLE 30: Asia-Pacific Recent Past, Current & Future Analysis for Motor Racing Telematics (MRT) by Application - M2M Application and IoT Application - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 31: Asia-Pacific 6-Year Perspective for Motor Racing Telematics (MRT) by Application - Percentage Breakdown of Value Revenues for M2M Application and IoT Application for the Years 2025 & 2030
- REST OF WORLD
- TABLE 32: Rest of World Recent Past, Current & Future Analysis for Motor Racing Telematics (MRT) by Application - M2M Application and IoT Application - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 33: Rest of World 6-Year Perspective for Motor Racing Telematics (MRT) by Application - Percentage Breakdown of Value Revenues for M2M Application and IoT Application for the Years 2025 & 2030
- IV. COMPETITION
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