Press release
Global Commercial Telematics Market 2024 Opportunity Assessment, Production Analysis, Segmentation And Forecast To 2033
Commercial Telematics Market
The commercial telematics market size is expected to see rapid growth in the next few years. It will grow to $110.14 billion in 2028 at a compound annual growth rate (CAGR) of 18.4%. The growth in the forecast period can be attributed to shift towards sustainability, industry-specific applications, increasing demand for real-time insights, cost efficiency demands, emergence of autonomous vehicles. Major trends in the forecast period include connectivity evolution, fleet management optimization, safety and compliance, data analytics and ai, integration with autonomous vehicles.
Market Overview -
Commercial telematics refers to the use of technology to collect data related to the operation of commercial vehicles, such as trucks, buses, and delivery vans. This data can include information about the vehicle's location, speed, fuel consumption, engine performance, and driver behavior, among other things.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=10510&type=smp
Booming Automotive Sales Fuel Growth In The Commercial Telematics Market
The increasing sales of commercial and passenger vehicles are expected to propel the growth of the commercial telematics market going forward. The demand for commercial and passenger automobiles has increased as a result of economic expansion and technical improvements. Growing economies provide consumers greater purchasing power, which boosts demand for transport services and automobile sales. For fleet managers, technological elements including advanced safety systems and telematics solutions have further improved vehicle allure, effectiveness, and operational optimization. For instance, in January 2022, according to the Office of Energy Efficiency and Renewable Energy, a US-based government agency under the U.S. Department of Energy, sales of new light-duty vehicles rose to 14.9 million in 2021 a 3% increase over 2020. Therefore, the increasing sales of commercial and passenger vehicles are driving the growth of the commercial telematics market.
Competitive Landscape -
Major companies operating in the commercial telematics market report are Geotab Inc., Masternaut Limited, MiX Telematics Limited, Omnitracs LLC, TomTom International BV, Verizon Communications Inc., American Telephone and Telegraph Company, OnStar Corporation, Bayerische Motoren Werke AG, Zonar Systems Inc., Inseego Corporation, Vontier Corporation, Microlise limited, Solera Holdings Inc., Continental AG, Daimler AG, Karooooo Ltd., Michelin SCA, CalAmp Corp., Fleetmatics Group PLC, Garmin Ltd., Transics International NV, Trimble Navigation Limited, Webtech Wireless Inc., Wireless Matrix Corporation, XRS Corporation, Actsoft Inc., AirIQ Inc., AssetWorks LLC, Autotrac Comércio e Telecomunicações Ltd., Azuga Inc., Blue Tree Systems Ltd., CarrierWeb LLC
Atrack Technology Inc. Elevates Fleet Management With The Launch Of Ak300 Lte Vehicle Tracker
Technological advancements are a key trend gaining popularity in the commercial telematics market. Companies operating in the commercial telematics market are innovating new products to sustain their position in the market. For instance, in December 2022, ATrack Technology Inc., a Taiwan-based telematics hardware manufacturer, launched AK300 LTE vehicle tracker to improve fleet management efficiency. The AK300 vehicle tracker is capable of real-time vehicle tracking, providing information on vehicle positioning, mileage, speed, fuel consumption, and engine status. It can also detect abnormal vehicle status and negative driving behaviors such as idling and speeding, enabling fleet managers to perform preventive maintenance and improve driver behavior.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/commercial-telematics-global-market-report
Key Segments -
The commercial telematics market covered in this report is segmented -
1) By Type: Solutions, Services
2) By System: Embedded, Tethered, Smartphone Integrated
3) By Provider: Original Equipment Manufacturer (OEM), Aftermarket
4) By End User: Transportation And Logistics, Insurance, Healthcare, Media And Entertainment, Vehicle Manufacturers Or Dealers, Government Agencies, Other End-Users
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Commercial Telematics Market 2024 Opportunity Assessment, Production Analysis, Segmentation And Forecast To 2033 here
News-ID: 3477239 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Commercial
How Commercial Refrigeration Saves Money - Technological Innovations in Commerci …
Commercial refrigeration plays a crucial role in various industries, especially in food service. It involves equipment like the Remote Glass-Door Multideck Display Fridge [https://www.dusung-refrigeration.com/glass-door-multideck-display-fridge-remote-commercial-refrigerator-product/] and the island freezer with big glass window, designed to store perishable goods efficiently. You benefit from these systems as they offer high capacity open vertical refrigerated shelves, ensuring optimal storage. The most efficient island freezer reduces energy consumption, saving you money. By adopting advanced refrigeration…
Kent Commercial Kitchens Expands Comprehensive Commercial Kitchen Solutions in K …
Kent, UK - Kent Commercial Kitchens, a leading provider of commercial kitchen installations and refurbishments, is proud to announce the expansion of its services across Kent. Offering high-quality kitchen solutions for restaurants, cafes, and other commercial facilities, Kent Commercial Kitchens has a reputation for delivering innovative designs tailored to meet the needs of modern kitchens.
Among the services offered, the company specialises in suspended ceiling systems in Kent [https://kentcommercialkitchens.co.uk/suspended-ceiling-systems-in-kent/]. These ceiling…
Efficient Commercial Moves Made Easy: Choose Expert Commercial Movers
Melrose Movers boasts a team of seasoned professionals with years of experience in the commercial moving sector. From small businesses to large corporations, their expertise spans across various industries, ensuring a seamless transition for every client. Whether it's office furniture, equipment, or sensitive documents, Melrose Movers handles every aspect of the move with precision and care.
The face of commercial movers [https://maps.app.goo.gl/kUfWkxzoGqPZaNYE9#commercial-movers] is rapidly changing, and leading the charge is Melrose…
Commercial Cooking: Commercial Kitchen Appliances Market (2023-2032)
"According to the research report published by Polaris Market Research, the Global Commercial Kitchen Appliances Market Is Anticipated To Reach USD 138.5 Billion By 2026, at a CAGR of 6.6% during the forecast period."
Polaris Market Research has recently published the latest update on Commercial Kitchen Appliances Market: By Size, Latest Trends, Share, Huge Growth, Segments, Analysis and Forecast, 2030 that offers detailed market analysis, encompassing its current industry size, share,…
Automotive Torque Actuator Motor Market : Passenger Car, Light Commercial Vehicl …
The global automotive torque actuator motor market was valued at $8.9 billion in 2021, and is projected to reach $14.9 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
In 2021, Asia-Pacific region dominated the market in terms of revenue, followed by Europe, North America, and LAMEA. China dominated the automotive torque actuator motor market in 2021. The rapid growth of the automobile sector across all segments…
Automotive Torque Actuator Motor Market : Passenger Car, Light Commercial Vehicl …
According to a new report published by Allied Market Research, titled, "Automotive Torque Actuator Motor Market," The automotive torque actuator motor market was valued at $8.9 billion in 2021, and is estimated to reach $14.9 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
In 2021, Asia-Pacific region dominated the market in terms of revenue, followed by Europe, North America, and LAMEA. China dominated the automotive torque…
