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Commercial Telematics Market Size, Trends | Growth, 2024
Commercial Telematics Market Size
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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.
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.
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
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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
Contents of the report:
1. Executive Summary
2. Commercial Telematics Market Report Structure
3. Commercial Telematics Market Trends And Strategies
4. Commercial Telematics Market - Macro Economic Scenario
5. Commercial Telematics Market Size And Growth
…..
27. Commercial Telematics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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