Press release
Commercial Telematics Market is estimated to be US$ 182.67 billion by 2020 with a CAGR of 21.9% during the forecast period 2030 With Top Most Key Players - Michelin, Mix Telematics International (Pty) Ltd., Trimble Inc., Geotab Inc., Verizon Communication
To know the upcoming trends and insights prevalent in this market, click the link below:
https://www.prophecymarketinsights.com/market_insight/Commercial-Telematics-Market-4924
The report "Global Commercial Telematics Market, By Type (Bluetooth, Smartphone, Black box, OEM (Original Equipment Manufacturer), OBD (On-board Diagnostics), and Others), By Application (Onboard Connectivity Services, Logistics & Transportation, Automobile Insurance, Vehicle Tracking, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030"
Key Highlights:
• In 2021, Telemetric interventions has offer the new opportunities for managing Type 1 Diabetes Mellitus. Telemetry helps in acquisition of data of patients via telecommunication system, which has gained importance in application in eHealth.
• In 2020, OEMs focusing on bringing design and R&D to India by Sasken Technologies. Based on four key areas like telematics, ADAS & body electronics, infotainment the company is betting to drive growth in automotive sector which will account for overall fifteen percent of annual revenue.
Analyst View:
Telematics innovation is growing around the world, owing to recent advancements in technology. The benefits of commercial Telematics in efficiency & productivity, payroll management, promoting proactive vehicle maintenance, streamlines in organizational & customer communications, reducing fuel and operational expenses has increase the use of Telematics which is driving the boosts growth in Commercial Telematics Market. However, more specified effects of telemetry should be analyzed in healthcare management which will able to provide detail cohorts and rise in target market. As a result, market competition is intensifying, and both big international corporations and start-ups are vying to establish position in the market.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on "Global Commercial Telematics Market, By Type (Bluetooth, Smartphone, Black box, OEM (Original Equipment Manufacturer), OBD (On-board Diagnostics), and Others), By Application (Onboard Connectivity Services, Logistics & Transportation, Automobile Insurance, Vehicle Tracking, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030"
Click To Get Sample Report:-
https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/4924
Segments Covered in the Report:
Global Commercial Telematics Market, By Type:
• Bluetooth
• Smartphone
• Black box
• OEM (Original Equipment Manufacturer)
• OBD (On-board Diagnostics)
• Others
Global Commercial Telematics Market, By Application:
• Onboard Connectivity Services
• Logistics & Transportation
• Automobile Insurance
• Vehicle Tracking
• Others
Key Market Insights from the report:
Global Commercial Telematics Market size accounted for US$ 28.4 billion in 2020 and is estimate to be US$ 182.67 billion by 2030 and is anticipated to register a CAGR of 21.9%.The Global Commercial Telematics Market is segmented based on Type, Application and Region.
• Based on Type, Global Commercial Telematics Market is segmented into Bluetooth, Smartphone, Black box, OEM (Original Equipment Manufacturer), OBD (On-board Diagnostics), and others.
• Based on Application, Global Commercial Telematics Market is segmented into Onboard Connectivity Services, Logistics & Transportation, Automobile Insurance, Vehicle Tracking, and others.
• By Region, the Global Commercial Telematics Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Competitive Landscape & their strategies of Global Commercial Telematics Market:
The prominent players operating in the Global Commercial Telematics Market includes, Michelin, Mix Telematics International (Pty) Ltd., Trimble Inc., Geotab Inc., Verizon Communications Inc., Solera Holdings Inc., Navistar Inc., Daimler AG, Fleet Complete, Masternaut Limited., Continental AG, TomTom Telematics BV, Omnitracs LLC, Inseego Corporation, Octo Telematics Ltd., Volkswagen Commercial Vehicles, Bridgestone Corporation, Google Inc., Zonar Systems Inc., Cisco Systems Inc., LG Electronics Inc., AirlQ Inc., Systems and Technology Corp., etc.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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