+16% CAGR Growth to be achieved by Commercial Telematics by 2022 focusing on InfoTrack Telematics, Agero Inc, NXP Semiconductors, BOX Telematics, Coordina Gestion Logistica SL, Verizon Enterprise Solutions, Trimble Navigation Ltd, Calamp Corp, ORBCOMM Inc

Commercial telematics is an automotive information and communications technology / service for vehicles and trucks that use embedded technology or mobile and aftermarket devices. They support networks between commercial vehicles / vehicles and IT applications and focus on improving productivity, efficiency, profitability, cost savings (such as low premiums) and sustainability goals. The global commercial telematics market is driven by increased government penetration of smartphones, reduced connection costs, availability of high-speed Internet technologies such as LTE, compliance with safety obligations, road infrastructure constraints and driver monitoring. The market is projected to Grow at a CAGR of +16% by 2022

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Some of the key players in global Commercial Telematics market are InfoTrack Telematics, Agero Inc, NXP Semiconductors, BOX Telematics, Coordina Gestion Logistica SL, Verizon Enterprise Solutions, Trimble Navigation Ltd, Calamp Corp, ORBCOMM Inc, ClickSoftware Technologies Ltd, Qualcomm, Omnitracs Inc, ZENRIN DataCom, AT&T.
Depending on the type of telematics, the market is divided into automotive Original Equipment Manufacturers (OEM) and aftermarket. Currently, aftermarket has a relatively high market share relative to automotive OEMs. However, automakers that have partnered with telematics providers will drive high growth in the automotive OEM sector.
Based on the application, the telematics market is categorized as solutions and services. Solutions include Vehicle / Asset Management, Infotainment, Telehealth, Insurance Telematics, Vehicle-to-Vehicle (v2v) / Vehicle-to-Infrastructure (v2i), and Remote Alarms. Services include design and consulting, deployment and integration, maintenance and training.

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elematics is used for vehicle tracking, satellite navigation etc. Increasing use of smart phones, high speed internet technologies, government mandate in terms of compliance and driver monitoring are anticipated to increase the market growth. Collaboration between automobile manufacturers and Telematics, Government regulations for the use of Telematics technology are some of the factors accelerating the commercial Telematics market growth. Some of the factors inhibiting the market are high cost involved in deploying Telematics technology, concerns regarding breaching the security and accessing data and lack of awareness among consumers in certain regions.
Logistics and transportation segment has high impact on the commercial Telematics market. Vehicle-embedded Telematics technology is gaining momentum. It is anticipated that commercial fleet segment will be in high demand over the next seven years. North America is the largest market for commercial Telematics in terms of revenue. Europe is expected to be the fastest growing region. Demand from countries such as Japan, China, India, and Australia is expected to drive the Asia Pacific commercial Telematics market.

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