Commercial Telematics Market Size, Share, COVID-19 Impact, Growth and Forecast 2021-2026 - IMARC Group
Commercial telematics is a technological solution used for long-distance communication and transmission of information in commercial automobiles. It is used to monitor vehicle location and movement through global positioning systems (GPS) and track automobile diagnostics using on-board diagnostic systems. Commercial telematics also regulates trailers and non-motorized assets and alert fleet managers in case of unauthorized movement. It also provides maintenance insights, insurance risk assessment, and safety tracking. As a result, several insurance providers extensively use commercial telematics to monitor driver behavior for determining risk factors and adjust insurance policies accordingly.
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The expanding transportation industry in confluence with the adoption of smart transportation systems primarily stimulates the market growth. Additionally, the increasing deployment of digital devices, such as smartphones, laptops, and tablets, has led to the integration of advanced connectivity solutions by the manufacturers. These solutions provide more accurate insights, enhance vehicle efficiency, and enable smart routing and tracking, thereby consequently improving the driving experience. Furthermore, the development of open-source frameworks and other technology-neutral systems to integrate back-end components and technical adjustments in commercial vehicles is another growth-inducing factor. Moreover, the implementation of numerous government policies mandating commercial vehicle tracking, and the advent of video-based telematics, are further anticipated to burgeon the market growth.
Commercial Telematics Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
• AirIQ Inc.
• Bridgestone Corporation
• General Motors Company
• Geotab Inc.
• Masternaut Limited. (Michelin)
• Mix Telematics International (Pty) Ltd.
• Octo Telematics
• Omnitracs LLC
• Trimble Inc.
• Verizon Communications Inc.
• Zonar Systems Inc. (Continental AG)
The report has segmented the market on the basis of type, system type, provider type, end use industry and region.
Breakup by Type:
o Fleet Tracking and Monitoring
o Driver Management
o Insurance Telematics
o Safety and Compliance
o V2X Solutions
o Professional services
o Managed services
Breakup by System Type:
• Smartphone Integrated
Breakup by Provider Type:
Breakup by End Use Industry:
• Transportation and Logistics
• Media and Entertainment
• Government and Utilities
• Travel and Tourism
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Breakup by Region:
• North America
o United States
• Asia Pacific
o South Korea
o United Kingdom
• Latin America
• Middle East and Africa
o South Africa
o Saudi Arabia
Key highlights of the report:
• Market Performance (2015-2020)
• Market Outlook (2021-2026)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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