Press release
Commercial Vehicle Telematics Market: Surpassing $79.91 Billion by 2025 and Predicted to Reach $147.03 Billion in 2029
Commercial Vehicle Telematics Market Share
What Is The Projected Market Size Of The Global Commercial Vehicle Telematics Market And Its Growth Rate?
The commercial vehicle telematics market is witnessing rapid growth.
•2024 Market Size: $69.39 billion
•2025 Market Size: $79.91 billion (CAGR: 15.2%)
•2029 Predicted Market Size: $147.03 billion (CAGR: 16.5%)
Key factors driving this growth include fleet management optimization and rising demand for last-mile delivery services.
What Is Driving The Growth In The Commercial Vehicle Telematics Market?
The growth of the commercial vehicle telematics market is being driven by the increasing demand for electric vehicles (EVs). The use of telematics in these vehicles enhances their efficiency and safety by collecting and transmitting data about their performance and location. For instance, according to the International Energy Agency, electric car sales increased by 3.5 million units in 2023 compared to 2022, accounting for approximately 18% of total car sales that year, up from 14% the prior year. This surge in demand for electric vehicles is fueling the growth of the commercial vehicle telematics market.
Request Sample report@ https://www.thebusinessresearchcompany.com/sample.aspx?id=12340&type=smp for a free sample copy.
Who Are the Key Players Driving Commercial Vehicle Telematics Market Growth?
Significant companies operating in the commercial vehicle telematics market include:
•Verizon Communications Inc.
•Cisco Systems Inc.
•Continental AG
•Navistar International Corporation
•Garmin Ltd.
•Trimble Inc.
•Tata Motors Limited
•PTC Inc.
and many more.
What Are The Key Trends In The Commercial Vehicle Telematics Market?
Key trends observed in the market are:
•Enhanced cybersecurity measures
•Telematics-as-a-service (TaaS) model
•Telematics for EV optimization
•Real-time traffic management solutions
•Integration with cloud-based platforms
What Are The Segments Of The Global Commercial Vehicle Telematics Market?
The commercial vehicle telematics market is categorized by:
1) Type: Solutions, Services
2) Provider Type: Original Equipment Manufacturer (OEM), After market
3) Vertical: Transportation And Logistics, Government And Utilities, Travel And Tourism, Construction, Education, Healthcare, Other Verticals
Which Region Leads The Commercial Vehicle Telematics Market?
Asia-Pacific held the largest share in the commercial vehicle telematics market in 2024 and is expected to grow the fastest in the forecast period. The regions covered in this market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Pre-book the report for swift delivery: https://www.thebusinessresearchcompany.com/report/commercial-vehicle-telematics-global-market-report
What Is Covered In The Commercial Vehicle Telematics Market Global Market Report?
- Market Size Analysis: Analyze the Commercial Vehicle Telematics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Commercial Vehicle Telematics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Commercial Vehicle Telematics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Commercial Vehicle Telematics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request customization for this report: https://www.thebusinessresearchcompany.com/customise?id=12340&type=smp
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Commercial Vehicle Telematics Market: Surpassing $79.91 Billion by 2025 and Predicted to Reach $147.03 Billion in 2029 here
News-ID: 3833527 • Views: …
More Releases from The Business Research Company
Offshore Patrol Vessel Global Market Insights: Growth Drivers, Size & Forecasts …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What Is the Forecasted Market Growth Rate of the Offshore Patrol Vessel Industry?
The market size of offshore patrol vessels has seen robust growth in the recent past. The sector, which is projected to be valued at $25.67 billion in 2024, will increase to $27.5 billion in 2025, exhibiting a compound…
Military Exoskeleton Industry Growth Outlook: 12.7% CAGR and $2 Billion by 2029
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Long-Term Growth Forecast for the Military Exoskeleton Market Size 2025?
The size of the military exoskeleton market has seen swift growth in the past few years. It is projected to expand from $1.09 billion in 2024 to $1.24 billion in 2025, with a compound annual growth rate (CAGR) of…
Instrument Landing System And Visual Landing Aids Market to Grow at 5.6% CAGR, R …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Instrument Landing System And Visual Landing Aids Market Outlook: How is the Market Expected to Grow by 2025?
Recent years have seen a substantial growth in the size of the instrument landing system and visual landing aids market. Currently valued at $2.27 billion in 2024, it is projected to rise…
Future of Coherent Radar Market: Size, Share & Forecasts to 2029
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What Is the Projected Market Size Valuation of the Coherent Radar Market by 2025?
There has been a significant expansion in the coherent radar market size in the past few years. The market is set to escalate from a worth of $8.18 billion in 2024 to a higher value of $8.92…
More Releases for Telematics
Construction Equipment Telematics Market Is Booming Worldwide | Rosenberger Tele …
The latest study released on the Global Construction Equipment Telematics Market by AMA Research evaluates market size, trend, and forecast to 2030. The Construction Equipment Telematics market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Download…
Telematics Market SWOT Analysis, Business Growth Opportunities by 2032 | MiX Tel …
The latest Global Telematics Market research report 2022 provides detailed information about the market overview, prevalent trends, demand, and recent developments impacting the market growth during the upcoming years. The Telematics market report also covers the market size, share, potential growth, and market strategy followed by prominent players. This report also includes profiles for major companies within the market. The report focuses on the Telematics Market size, segment share (product…
Drone Telematics Market 2021 Strategic Assessments - Octo Telematics, Verizon Te …
The Global Drone Telematics Market Size, Status and Forecast 2021
The Global Drone Telematics Market Research Report 2021-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances…
Coronavirus Impact Assessment on Insurance Telematics Market 2020-25 Business In …
Telematics car insurance is when your insurance provider monitors your driving habits and adjusts your car insurance premiums based on how you drive. Provider will be able to track things like your driving speed, how you brake and how you handle corners.
The research report on 'Insurance Telematics market' is now available with Market Growth Insight with detailed study on crucial factors, such as drivers, hampering factors, strengths, weakness, trends,…
What's driving the Drone Telematics Market trends? Octo Telematics, Verizon Tele …
Market Research Intellect has recently published a report on the Global Drone Telematics Market, which presents a detailed market analysis and gives accurate market forecasts for the coming years. The study serves as an exhaustive database for any individual or company interested in the Drone Telematics sector, offering essential information about the industry to help readers make strategic investments. The study includes vital information about the market, which is pictorially…
Global Telematics Software Market 2019, Global Telematics Software Market Price, …
Global Telematics Software Market Growth (Status and Outlook) 2019-2024 gives detailed insight, industry knowledge, analytics, and market forecasts for 2019 to 2024 time period. The report provides market-driven results derived from feasibility studies for client needs. The report verifies qualified and verifiable aspects of Telematics Software market data operating in the real-time scenario. The research study aims to assist industry leaders to make confident capital investment decisions, develop strategic plans,…
