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Founded Year

2004

Stage

Acquired | Acquired

Total Raised

$285.65M

Valuation

$0000 

About SmartDrive Systems

SmartDrive mitigates risk by improving driver behavior and assessing liability in collisions. By combining sight and sound, event analysis and driver remediation, SmartDrive's automated event recorder (AER) technology and associated web-based service aims to reduce vehicle damages, workers's compensation and personal injury costs. On September 9th, 2020, SmartDrive was acquired by Omnitracs. The terms of the transaction were not disclosed.

Headquarters Location

4790 Eastgate Mall Suite 200

San Diego, California, 92121,

United States

858-225-5580

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Research containing SmartDrive Systems

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned SmartDrive Systems in 2 CB Insights research briefs, most recently on Nov 16, 2021.

Expert Collections containing SmartDrive Systems

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

SmartDrive Systems is included in 5 Expert Collections, including Auto Tech.

A

Auto Tech

2,531 items

Companies working on automotive technology, which includes vehicle connectivity, autonomous driving technology, and electric vehicle technology. This includes EV manufacturers, autonomous driving developers, and companies supporting the rise of the software-defined vehicles.

S

Supply Chain & Logistics Tech

4,552 items

Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).

S

Smart Cities

2,129 items

I

Insurtech

4,184 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

A

Artificial Intelligence

10,944 items

Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.

SmartDrive Systems Patents

SmartDrive Systems has filed 121 patents.

The 3 most popular patent topics include:

  • Sensors
  • Gas sensors
  • Transducers
patents chart

Application Date

Grant Date

Title

Related Topics

Status

12/10/2021

8/22/2023

Sensors, Application programming interfaces, Accelerometers, Computer buses, Wireless sensor network

Grant

Application Date

12/10/2021

Grant Date

8/22/2023

Title

Related Topics

Sensors, Application programming interfaces, Accelerometers, Computer buses, Wireless sensor network

Status

Grant

Latest SmartDrive Systems News

09:00 ET Commercial telematics market size to grow by USD 13,014 million from 2022 to 2027; A descriptive analysis of customer l...

Jan 11, 2023

News provided by Share this article Share this article NEW YORK, Jan. 11, 2023 /PRNewswire/ -- The global commercial telematics market size is estimated to increase by USD 13,014 million between 2022 and 2027. The market's growth momentum will be progressing at a CAGR of 5.88% during the forecast period. Discover some insights on market size before buying the full report. Request a sample report Global Commercial telematics market - Customer Landscape To help companies evaluate and develop growth strategies, the report outlines – Key purchase criteria Commercial telematics market – Vendor Analysis Vendor Landscape – The global commercial telematics market is fragmented. The market comprises some well-established players that provide various commercial telematics solutions. The vendors in the market are continuously developing communication protocols that support high-bandwidth networks for automotive OEMs. They are also focusing on increasing the adoption of ethernet in in-vehicle networks. Hence, the competition among vendors is expected to intensify over the forecast period. A few prominent vendors that offer commercial telematics in the market are AB Volvo, Agero Inc., Airbiquity Inc., AT and T Inc., Bridgestone Corp, Continental AG, Fleet Complete, Geotab Inc, Mercedes Benz Group AG, Michelin Group, Microlise Group Plc, MiX Telematics Ltd., Navistar International Corp., OCTO Telematics S.p.A, Omnitracs LLC, SmartDrive Systems Inc., Trimble Inc., Verizon Communications Inc., Visteon Corp., and Volkswagen AG and others. Vendor Offerings - Agero Inc. - The company offers commercial telematics with exciting opportunities to better support drivers and their vehicles. Airbiquity Inc. - The company offers commercial telematics with a combination of proven and reliable technology, IT system and third-party ecosystem integration, and 99.9% service delivery uptime. AT and T Inc. - The company offers commercial telematics with the latest technology to make the transition and improve efficiencies with vehicle solutions that range from connected cars and fleets to robust management and telematics options. Bridgestone Corp - The company offers commercial telematics innovative end-to-end solutions for commercial fleets, government agencies, insurance companies, and automotive industry suppliers through an integrated approach of hardware technology, fleet management applications, driver gamification, video telematics, and data analytics. Global Commercial Telematics Market - Segmentation Assessment Segment Overview Technavio has segmented the market based on product (solutions and services), platform (embedded systems, tethered systems, and smartphone integration systems), and geography (North America, Europe, APAC, South America, and Middle East and Africa). The market share growth by the solutions segment will be significant during the forecast period. The segment is driven by the growing sales of commercial vehicles globally and the increased deployment of infotainment systems for communication, entertainment, and navigation in commercial vehicles by automakers. Geography Overview By geography, the global commercial telematics market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global commercial telematics market. North America is estimated to contribute 33% to the growth of the global market during the forecast period. The growth of the regional market is driven by the rising adoption of connected car technologies and the increasing demand for enhanced sound quality combined with advanced features, such as navigation systems and vehicle noise compensation, as well as in-vehicle connectivity. Leading Drivers –  The market is driven by the increasing adoption of driver assistance. The increasing adoption of high-end vehicles has led many digital map providers to develop ADAS using their digital maps. The system uses many sensor inputs, such as wheel speed, infrared, video, and radar, along with digital maps. This helps the driver gain more information about roads, such as turning angles, the slope of bridges, speed requirements in different instances, upcoming hills, and support adjustment of the engine throttle. The system also helps improve fuel efficiency by suggesting the shortest routes. Such benefits are increasing the adoption of ADAS in the automobile industry. This, in turn, is driving the growth of the global commercial telematics market. Key Trends –  The use of advanced analytics to reduce the severity of risks is identified as the key trend in the market. Automakers continuously look to understand their consumers in a better way to deliver personalized solutions in a completely connected environment. It also helps them reduce the instances of product recalls, which could incur significant losses. Hence, automotive OEMs are partnering with telecom service providers to understand driver behavior and develop solutions that include over-the-air (OTA) software updates, infotainment, security monitoring, vehicle health checks, and UBI. Such developments are expected to have a positive impact on the growth of the market during the forecast period. Major challenges –  The complexity of telematics software and hardware designs is identified as the key challenge in the market. Embedded telematics systems are becoming more complex with an increasing number of hardware systems for each application. Also, it becomes challenging for consumers to adapt to the complexity, innovation, and new design upgrades of the hardware in vehicles. Such challenges may hinder the growth of the market in focus during the forecast period. CAGR of the market during the forecast period Detailed information on factors that will drive the growth of the Commercial Telematics Market between 2023 and 2027 Precise estimation of the size of the Commercial Telematics Market size and its contribution to the market in focus on the parent market Accurate predictions about upcoming trends and changes in consumer behavior Growth of the Commercial Telematics Market industry across North America, Europe, APAC, South America, and Middle East and Africa A thorough analysis of the market's competitive landscape and detailed information about vendors Comprehensive analysis of factors that will challenge the growth of Commercial Telematics Market vendors Gain instant access to 17,000+ market research reports. Related Reports: The fleet telematics systems market is estimated to grow at a CAGR of 23.18% between 2022 and 2027. The size of the market is forecast to increase by USD 69.57 billion. The benefits in terms of cost savings are notably driving the fleet telematic systems market growth, although factors such as the high costs associated with fleet telematics systems may impede the market growth. The automotive on-board diagnostics (OBD) market is estimated to grow at a CAGR of 18.29% between 2022 and 2027. The size of the market is forecast to increase by USD 35638.36 million. The increase in the adoption of usage-based insurance (UBI) using OBD as a measurement parameter is notably driving the automotive on-board diagnostics (OBD) market growth, although factors such as the increase in the cost of integrating telematics may impede the market growth. Commercial Telematics Market Scope Key companies profiled AB Volvo, Agero Inc., Airbiquity Inc., AT and T Inc., Bridgestone Corp, Continental AG, Fleet Complete, Geotab Inc, Mercedes Benz Group AG, Michelin Group, Microlise Group Plc, MiX Telematics Ltd., Navistar International Corp., OCTO Telematics S.p.A, Omnitracs LLC, SmartDrive Systems Inc., Trimble Inc., Verizon Communications Inc., Visteon Corp., and Volkswagen AG Market dynamics Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. Table of contents: Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million) Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million) Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%) Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%) 4 Historic Market Size Exhibit 18: Historic Market Size – Data Table on Global commercial telematics market 2017 - 2021 ($ million) 4.2 Product Segment Analysis 2017 - 2021  Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million) 4.3 Platform Segment Analysis 2017 - 2021  Exhibit 20: Historic Market Size – Platform Segment 2017 - 2021 ($ million) 4.4 Geography Segment Analysis 2017 - 2021  Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million) 4.5 Country Segment Analysis 2017 - 2021  Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million) 5 Five Forces Analysis Exhibit 33: Data Table on Comparison by Product 6.3 Solutions - Market size and forecast 2022-2027 Exhibit 34: Chart on Solutions - Market size and forecast 2022-2027 ($ million) Exhibit 35: Data Table on Solutions - Market size and forecast 2022-2027 ($ million) Exhibit 36: Chart on Solutions - Year-over-year growth 2022-2027 (%) Exhibit 37: Data Table on Solutions - Year-over-year growth 2022-2027 (%) 6.4 Services - Market size and forecast 2022-2027 Exhibit 38: Chart on Services - Market size and forecast 2022-2027 ($ million) Exhibit 39: Data Table on Services - Market size and forecast 2022-2027 ($ million) Exhibit 40: Chart on Services - Year-over-year growth 2022-2027 (%) Exhibit 41: Data Table on Services - Year-over-year growth 2022-2027 (%) 6.5 Market opportunity by Product  Exhibit 42: Market opportunity by Product ($ million) 7 Market Segmentation by Platform 7.1 Market segments  Exhibit 46: Data Table on Comparison by Platform 7.3 Embedded systems - Market size and forecast 2022-2027 Exhibit 47: Chart on Embedded systems - Market size and forecast 2022-2027 ($ million) Exhibit 48: Data Table on Embedded systems - Market size and forecast 2022-2027 ($ million) Exhibit 49: Chart on Embedded systems - Year-over-year growth 2022-2027 (%) Exhibit 50: Data Table on Embedded systems - Year-over-year growth 2022-2027 (%) 7.4 Tethered systems - Market size and forecast 2022-2027 Exhibit 51: Chart on Tethered systems - Market size and forecast 2022-2027 ($ million) Exhibit 52: Data Table on Tethered systems - Market size and forecast 2022-2027 ($ million) Exhibit 53: Chart on Tethered systems - Year-over-year growth 2022-2027 (%) Exhibit 54: Data Table on Tethered systems - Year-over-year growth 2022-2027 (%) 7.5 Smartphone integration systems - Market size and forecast 2022-2027  Exhibit 55: Chart on Smartphone integration systems - Market size and forecast 2022-2027 ($ million) Exhibit 56: Data Table on Smartphone integration systems - Market size and forecast 2022-2027 ($ million) Exhibit 57: Chart on Smartphone integration systems - Year-over-year growth 2022-2027 (%) Exhibit 58: Data Table on Smartphone integration systems - Year-over-year growth 2022-2027 (%) 7.6 Market opportunity by Platform  Exhibit 59: Market opportunity by Platform ($ million) 8 Customer Landscape Exhibit 64: Data Table on Geographic comparison 9.3 North America - Market size and forecast 2022-2027 Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ million) Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ million) Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%) Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%) 9.4 Europe - Market size and forecast 2022-2027 Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million) Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million) Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%) Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%) 9.5 APAC - Market size and forecast 2022-2027 Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million) Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million) Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%) Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%) 9.6 South America - Market size and forecast 2022-2027 Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million) Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million) Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%) Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%) 9.7 Middle East and Africa - Market size and forecast 2022-2027  Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million) Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million) Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%) Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%) 9.8 US - Market size and forecast 2022-2027 Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million) Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million) Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%) Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%) 9.9 China - Market size and forecast 2022-2027 Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million) Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million) Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%) Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%) 9.10 Germany - Market size and forecast 2022-2027 Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million) Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million) Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%) Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%) 9.11 UK - Market size and forecast 2022-2027 Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million) Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million) Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%) Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%) 9.12 Japan - Market size and forecast 2022-2027 Exhibit 101: Chart on Japan - Market size and forecast 2022-2027 ($ million) Exhibit 102: Data Table on Japan - Market size and forecast 2022-2027 ($ million) Exhibit 103: Chart on Japan - Year-over-year growth 2022-2027 (%) Exhibit 104: Data Table on Japan - Year-over-year growth 2022-2027 (%) 9.13 Market opportunity by geography  Exhibit 105: Market opportunity by geography ($ million) 10 Drivers, Challenges, and Trends 10.1 Market drivers Exhibit 106: Impact of drivers and challenges in 2022 and 2027 10.4 Market trends 11.3 Landscape disruption  11.4 Industry risks  About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contact

SmartDrive Systems Frequently Asked Questions (FAQ)

  • When was SmartDrive Systems founded?

    SmartDrive Systems was founded in 2004.

  • Where is SmartDrive Systems's headquarters?

    SmartDrive Systems's headquarters is located at 4790 Eastgate Mall, San Diego.

  • What is SmartDrive Systems's latest funding round?

    SmartDrive Systems's latest funding round is Acquired.

  • How much did SmartDrive Systems raise?

    SmartDrive Systems raised a total of $285.65M.

  • Who are the investors of SmartDrive Systems?

    Investors of SmartDrive Systems include Omnitracs, Paycheck Protection Program, Oak Investment Partners, WABCO, Michelin Ventures and 14 more.

  • Who are SmartDrive Systems's competitors?

    Competitors of SmartDrive Systems include Decisiv and 7 more.

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  • See competitors' playbooks
  • Stalk the smart money
  • Identify tomorrow's challengers
  • Spot growing industries
  • Kill analyst data work
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Compare SmartDrive Systems to Competitors

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FleetUp provides an online fleet management system. The company enables companies to maximize profitability, improve driver safety, and comply with current and upcoming regulations. It was founded in 2013 and is based in San Jose, California.

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Decisiv

Decisiv provides service relationship management (SRM) solutions for commercial assets in trucking and transportation, coach, construction, power generation, and other on- and off-highway, heavy-duty equipment markets. Its cloud-based software, mobile applications, and services enable enterprises, government entities, leasing and rental companies, and service providers to manage, monitor, and report on service and repair event interactions independent of asset type, service provider, or device. The company was founded in 2001 and is based in Glen Allen, Virginia.

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LocoNav

LocoNav provides fleet management solutions. The company also offers fuel monitoring, vehicle tracking, video safety, and more. It was formerly known as BabaTrucks. The company was founded in 2016 and is based in San Francisco, California.

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Preteckt

Preteckt provides artificial intelligence (AI) driven vehicle maintenance solutions. The platform offers cloud-based vehicle prognostics powered by AI to support all fleet vehicle types and analyzes raw sensor data, using machine learning algorithms to identify issues at an early stage, get the repair in time, improve technician efficiency, and reduce maintenance costs for clients to identify issues and fix them. The company was founded in 2015 and is based in Memphis, Tennessee.

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Ridecell offers a platform providing fleet management and monetization solutions. Its automation platform automates vehicle data that control vehicle availability, maintenance, and access. It provides a solution for fleet owners to manage and monetize fleets for shared services, corporate motor pools, trucking, and logistics fleets. It was founded in 2009 and is based in San Francisco, California.

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