Press release
Commercial Telematics Market 2018 – 2023 Top Key Players: Verizon, Harman, TomTom Telematics BV, AT&T, Vodafone, Ford Motor, Bayerische Motoren Werke AG, Trimble, Telefónica, and Mix Telematics
The prominent players in the global commercial telematics market are – Verizon Communications, Inc.(U.S.), Harman International Industries, Inc.( U.S.), TomTom Telematics BV (Netherlands), AT&T Inc. (U.S.), Vodafone Group Plc (U.K), Ford Motor Company (U.S.), Bayerische Motoren Werke AG (Germany), Trimble Inc. (US), Telefónica S.A. (Spain), and Mix Telematics International Ltd (South Africa), among others.
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Market Highlights
The study reveals that commercial telematics is trending in North America region. The innovation in technology including video capabilities, artificial intelligence and others, are driving factors for the market growth to the large extent. It helps to collect the information about the people who all are using telematics to manage the fleet without bothering much about the cost. In 2012, Verizon Communications Inc. has acquired of HUGHES Telematics Inc. to provide and accelerate growth through the delivery of advanced automotive, fleet telematics and machine-to-machine services. The majority of applications are automotive navigation, real-time vehicle information, infotainment solutions, and others.
In North America region, the commercial telematics market is estimated to grow with huge market size in coming years. The electronic logging devices has been made mandatory in U.S and is leading to high adoption by smaller fleets. The commercial telematics solutions offers to monitor the fuel consumption and measures CO2 emission in the vehicles. The telematics is widely used in automotive connectivity solution. It offers new business model to the automotive, transportation, health care and other industries, which is driven by safety improvements, consumer trends, increasingly connected lifestyles and others.
The global commercial telematics market is growing rapidly over ~18% of CAGR and is expected to reach at USD ~ 42 Billion by the end of forecast period.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Global Commercial telematics Market Research Report -Forecast to 2023”.
Market Research Analysis:
On geographic basis, global commercial telematics market is studied in different regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading with largest market share growth in the commercial telematics market. The commercial telematics is gaining huge demand due to smart phones, availability of high speed internet technologies, low connectivity cost, road infrastructure constraints, and others. In this market, Europe is to be estimated to be the second largest market share for commercial telematics during the forecast period.
Global Commercial Telematics Market Segmentation
The global commercial telematics market is bifurcated on the basis of type, solutions, end- users and region. The type is segmented into vehicle telematics, fleet telematics, insurance telematics and others. The solutions is segmented on the basis of remote alarm & monitoring, navigation and location based, infotainment, V2v and V2i, tele-health and others. The end-users is segmented into government agencies, media & entertainment, transportation and logistics, insurance, healthcare and others. The region includes North America, Europe, Asia Pacific and rest of the world.
Global Commercial Telematics Market by Type:
Vehicle Telematics
Fleet telematics
Insurance Telematics
Others
Global Commercial Telematics Market by Solutions:
Remote Alarm & Monitoring
Navigation and location based
Infotainment
V2v and V2i
Tele-health
Others
Global Commercial Telematics Market by End- Users:
Media & Entertainment
Government agencies
Transportation and Logistics
Insurance
Healthcare
Others
Global Commercial Telematics Market by Regions:
North America
Europe
APAC
Rest of the World
Intended Audience
Commercial telematics manufacturing companies
Automotive Original Equipment Manufacturers
Compliance regulatory authorities
Government agencies
Information technology companies
Investors and Venture Capitalists
Commercial telematics providers
Research and development companies
Market research and consulting firms
Solution providers
Technology standards organizations
Technology investors
System Inegrators
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TABLE OF CONTENTS
1 MARKET INTRODUCTION
1.1 INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS
1.2.3 LIMITATIONS
1.3 MARKET STRUCTURE:
1.3.1 GLOBAL COMMERCIAL TELEMATICS MARKET: BY TYPE
1.3.2 GLOBAL COMMERCIAL TELEMATICS MARKET: BY SOLUTION
1.3.3 GLOBAL COMMERCIAL TELEMATICS MARKET: BY END-USERS
1.3.4 GLOBAL COMMERCIAL TELEMATICS MARKET: BY REGION
2 RESEARCH METHODOLOGY
2.1 RESEARCH
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
2.4 FORECAST MODEL
3 MARKET DYNAMICS
3.1 INTRODUCTION
3.2 MARKET DRIVERS
3.3 MARKET CHALLENGES
3.4 MARKET OPPORTUNITIES
Continued…
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