Global Commercial Vehicle Telematics Market : Emerging Trends, Major Key Players CARTRACK and DAIMLER FLEETBOARD GmbH

According to the report, The global Commercial Vehicle Telematics market size was valued at $16.92 Billion in 2020 is expected to grow at $50.37 Billion and growing at the CAGR of 14.38% from 2020 to 2027. One of the primary factors driving the global market's growth is the rising number of traffic accidents. In addition, the adoption of smartphones and 4G technology is projected to present a significant opportunity for market participants. Throughout the forecast period, the global commercial vehicle telematics market is expected to benefit from the rapid development of the logistics and transportation industries.

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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global COMMERCIAL VEHICLE TELEMATICS MARKET industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.

Impact of COVID-19

The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the Commercial Vehicle Telematics Market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Key Players
Some of the major Commercial Vehicle Telematics Market players holding highest market share include CARTRACK, DAIMLER FLEETBOARD GmbH, FLEET COMPLETE and GEOTAB INC.. These players use new product development as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• CARTRACK
• DAIMLER FLEETBOARD GmbH
• FLEET COMPLETE
• GEOTAB INC.
• MICROLISE
• MASTERNAUT LIMITED
• MIX TELEMATICS
• NAVISTAR, INC
• OMNITRACS
• TOMTOM INTERNATIONAL BV.

Segmental Analysis

Market Segment By Solution Type with focus on market share, consumption trend, and growth rate of COMMERCIAL VEHICLE TELEMATICS MARKET :
o Automotive OEM Services
o Aftermarket Telematics

Market Segment By End-User with focus on market share, consumption trend, and growth rate of COMMERCIAL VEHICLE TELEMATICS MARKET :
o Transportation and Logistics
o Insurance
o Healthcare
o Media & Entertainment
o Vehicle Manufacturers/Dealers
o Government Agencies

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Global Commercial Vehicle Telematics Market Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

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