Press release
Truck Telematics Market: growing at a CAGR of 21.6% between 2019 and 2024- Trimble, Wabco, Continental, CalAmp, Delphi, Bosch and more..
Truck Telematics
The global Truck Telematics market is valued at 400 million USD in 2018 and is expected to reach 1290 million USD by the end of 2024, growing at a CAGR of 21.6% between 2019 and 2024.Telematics is a combination of the words telecommunications and informatics. Telematics, in a broad sense, is any integrated use of telecommunications with information and communications technology. It is the technology of sending, receiving and storing information relating to remote objects – like vehicles – via telecommunication devices.
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Scope of the Report:
Truck telematics is a way of monitoring the location, movement, status and behavior of a vehicle within a fleet. This is achieved through a combination of a GPS receiver and an electronic GSM device that is installed in each vehicle, which then communicates with the user and web-based software.Truck telematics is mainly composed of three parts: terminal (hardware), software (mobile Hardwired Install Telematics APP, Client PC) and cloud platform.
The Key Manufacturers of Truck Telematics Market Covered In This Report:
Trimble, Wabco, Continental, CalAmp, Delphi, Bosch, GEOTAB, Automatic, Actsoft, Telic, Mojio, Xirgo Technologies, e6gps, Hirain Technologies
Market Segment by Type, covers
Plug and Play Telematics
Hardwired Install Telematics
Market Segment by Applications, can be divided into
Light Truck
Heavy Truck
Truck Telematics Market report also splits the market by region:
North America (United States, Canada, Mexico)
South America ( Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And More.
There are mainly two type product of truck telematics market: plug and play telematics and hardwired install telematics. Plug and play telematics accounts the largest proportion and will has faster growing rate.
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Geographically, the global truck telematics market has been segmented into North America, Europe, Asia-Pacific, Middle East and Africa The North America held the largest share in the global truck telematics products market, its revenue of global market exceeds 34% in 2016. The next is Europe and Asia-Pacific.
Research objectives:
Focuses on the key global Truck Telematics manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Truck Telematics with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Browse full table of contents and data tables @
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Key Points sheathed in the Truck Telematics Market Report Coverage:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financial and recent developments
– Supply chain trends mapping the latest technological advancements
Further, the Truck Telematics industry research report determines the Marketing Analysis, Regional Marketing Analysis, International Trade Analysis. The market Traders or Distributors with Contact Information by Region and Supply Chain Analysis. That is followed by various business strategies, the report contains essential outcome help could boost the interest level of the individuals in market.
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