Commercial Telematics Market to 2027, Future Outlook, COVID-19 Impact Analysis, Forecast 2021-2027

The global commercial telematics market is anticipated to grow at a considerable CAGR of 15.8% during the forecast period (2020-2026). The increase in technological advancements by the key providers of commercial telematics solutions & services to differentiate their product offerings to remain competitive in the global market is a key factor to drive the growth of the global commercial telematics market. For instance, in February 2021, Bright Box HK Ltd., a telematics solution provider entered into a partnership with My Policy Group, a UK-based provider of services across intermediation, and product design for niche telematics motor insurance. My Policy has launched a usage-based insurance product, JURNY, in which Bright Box and part of Zurich Insurance Group both will be involved to enable rapid growth of the company.

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Besides, in February 2021, Skoda Auto introduced a traffication infotainment application, which aims to improve driver safety by alerting drivers about forthcoming traffic hazards, which reduces the chances of road accidents and reducing the risk of wrong-way driving on motorways. This application is available in the models of Skoda including Scala, Kamiq, Karoq, Kodiaq, and others. The application is developed after a long-term collaboration between Skoda and Bosch. Thus, the growing efforts of major market players to make advancements in their solutions to gain competitive position s are anticipated to drive the market growth.

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Market Coverage

• The market number available for – 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered-
o By solution
o By end-user
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Bridgestone Corp., General Motors Co., Verizon Communications Inc., Aplicom Ltd., and Omnitracs LLC

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 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 Telematics Market Report Segment

By Solution

• Fleet Tracking and Monitoring
• Driver Management
• Insurance Telematics
• Safety & Compliance
• V2V and V2X systems
• Others (Fuel Monitoring)

By End-User

• Insurance
• Government and Utilities
• Healthcare
• Media and Entertainment
• Transportation & Logistics
• Others (Manufacturing)

By Distribution Channel

• OEM
• Aftermarket

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Commercial 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

• Actsoft Inc.
• Agero Inc.
• AirIQ Inc.
• Aplicom Ltd.
• Box Telematics Ltd.
• Calapm Corp.
• Ctrack (Inseego Corp.)
• Continental AG
• Geotab Inc.
• GPS Insight
• Infotrack Telematics Plc
• Mix Telematics Ltd.
• Octo Telematics S.p.A

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Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
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Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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