Commercial Vehicle Telematics Market Trends, Research Report, Growth, Opportunities, Forecast 2021-2027

 

The global commercial vehicle telematics is expected to grow at a significant CAGR during the forecast period. The major application of commercial vehicle telematics is to track the vehicle. This telematics enables the transmission of information from long distances in commercial automobiles which includes monitoring of vehicle movement and location by the combination of two major systems, such as on-board diagnostic system and global positioning system (GPS). Telematics system is widely used by fleet management companies, automobiles insurance companies to monitor and record the behavior, speed, and location of the vehicle.  

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The rising instances of highway collisions and automobiles’ high speed are the dominant factor that drives the growth of the market. Emerging technologies such as vehicle telematics monitor automobiles activities and regulate their function that will allow the commercial users to increase the implementation of such systems. This, in turn, is anticipated to explore the growth opportunities for the market. The market is further expected to escalate owing to the increasing adoption of smartphones and 4G/5G technology. The rapid development of the emerging logistics and transportation industries is expected to accelerate the market growth during the forecast period. The increasing privacy and security concerns in a vehicle is also supporting the adoption of commercial vehicle telematics solutions.

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Market Coverage

·        The market number available for – 2020-2027

·        Base year- 2020

·        Forecast period- 2021-2027

·        Segment Covered-

o             By Type

o             By Provider Type

o             By Vertical

·        Competitive Landscape- PTC, Inc., Trimble Inc., TomTom Telematics BV, Verizon Telematics Inc., Mix Telematics International (PTY) Ltd., among others.

Key questions addressed by the report

·        What is the market growth rate?

·        Which segment and region dominates the market in base year?

·        Which segment and region will project fastest growth in the market?

·        How COVID-19 impacted the market?

o             Recovery Timeline

o             Deviation from pre-COVID forecast

o             Most affected region and segment

·        Who is the leader in the market?

·        How players are addressing challenges to sustain growth?

·        Where is the investment opportunity?

Global Commercial Vehicle Telematics Market Report Segment

By Type

·        Solutions

·        Services

By Provider Type

·        OEM

·        Aftermarket

By Vertical

·        Transportation & Logistics

·        Government & Utilities

·        Travel & Tourism

·        Construction

·        Education

·        Healthcare

·        Others

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Commercial Vehicle Telematics Market– Segment by Region

North America          

·        United States

·        Canada

Europe

·        Germany

·        United Kingdom

·        France

·        Spain

·        Italy

·        Rest of Europe

Asia-Pacific   

·        China

·        Japan

·        India

·        Rest of Asia-Pacific

Rest of the World

·        Middle East & Africa

·        Latin America

Company Profiles

·        PTC, Inc.

·        Trimble Inc.

·        TomTom Telematics BV

·        Verizon Telematics Inc.

·        Mix Telematics International (PTY) Ltd.

Reasons to Buying From us –

1.      We cover more than 15 major industries, further segmented into more than 90 sectors.

2.      More than 120 countries are for analysis.

3.      Over 100+ paid data sources mined for investigation.

4.      Our expert research analysts answer all your questions before and after purchasing your report.

 

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