Press release
Prominent Commercial Vehicle Telematics Market Trend for 2025: Innovative Solutions In The Commercial Vehicle Telematics Market
Commercial Vehicle Telematics Market
The commercial vehicle telematics market is poised to expand in response to the increasing consumer preference for electric vehicles (EVs). In essence, an electric vehicle is a vehicle that runs on one or more electric motors, drawing power from rechargeable batteries or other external sources. Within these vehicles, telematics plays a crucial role by capturing important data pertaining to the vehicle's functioning, position, among other aspects, thereby boosting its efficiency and safety quotient. In a report published by the International Energy Agency, an autonomous, France-based intergovernmental organization, it was mentioned that, as compared to 2022, there was a jump of 3.5 million units in electric car sales in 2023. This implied that nearly 18% of the total car sales in 2023 were of electric vehicles, an increase from the 14% figure recorded in the previous year. Hence, the heightened popularity of electric vehicles is fuelling the progress of the commercial vehicle telematics market.
Get Your Commercial Vehicle Telematics Market Report Here:
https://www.thebusinessresearchcompany.com/report/commercial-vehicle-telematics-global-market-report
What is the future CAGR of the commercial vehicle telematics market, and how will it impact industry expansion?
The size of the commercial vehicle telematics market has seen significant expansion in the last several years. This trend is expected to continue, with market size predicted to increase from $69.39 billion in 2024 to $79.91 billion in 2025- a compound annual growth rate (CAGR) of 15.2%. The unprecedented growth observed in the historic period is linked to regulatory mandates, the desire for optimized fleet management, cost reduction measures and operational efficiency and a rise in e-commerce and logistics. There is also an increased demand for real-time data and analytics.
The size of the commercial vehicle telematics market is anticipated to experience swift growth in the upcoming years, with an expectation to reach $147.03 billion by 2029, growing at a compound annual growth rate (CAGR) of 16.5%. Factors contributing to the growth in the predictive period include the expansion of connected vehicles, an increase in demand for last-mile delivery services, a prioritization of green and sustainable fleets, the development of autonomous vehicles, and the necessity for predictive maintenance. The forecast period is expected to witness significant trends such as improved cybersecurity measures, the emergence of telematics-as-a-service (TaaS) model, optimization of telematics for EVs, solutions for real-time traffic management, and incorporation with cloud-based platforms.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12340&type=smp
What are the most significant trends transforming the commercial vehicle telematics market today?
Leading corporations in the commercial vehicle telematics market are innovating advanced technologies like fleet management software to accommodate more customers, enhance sales, and amplify revenue. This kind of software is an explicit technology that supports businesses and institutions in maintaining and optimizing their fleet of vehicles. For example, in September 2022, US-based auto manufacturer Ford Motor Company introduced the Ford Pro Fleet Management Software. The unique advantage of the Ford Pro Fleet Management Software is its capacity to streamline administrative operations, replacing bulky paperwork with a constantly accessible and user-friendly digital platform. It's built on Fleetio software and is compatible with both Ford and non-Ford vehicles, accepts unlimited fuel payment cards, offers flexible maintenance program options, and integrates smoothly into the complete range of Ford Pro fleet solutions. This innovative approach allows real-time monitoring of the total cost of ownership and digitalizes extensive fleet vehicle reports, providing an effective and integrated approach for fleet management.
Which key market segments comprise the commercial vehicle telematics market and drive its revenue growth?
The commercial vehicle telematics market covered in this report is segmented -
1) By Type: Solutions, Services
2) By Provider Type: Original Equipment Manufacturer (OEM), After market
3) By Vertical: Transportation And Logistics, Government And Utilities, Travel And Tourism, Construction, Education, Healthcare, Other Verticals
Subsegments:
1) By Solutions: Fleet Management Solutions, Navigation And Routing Solutions, Driver Behavior Monitoring Solutions, Vehicle Tracking Solutions, Maintenance Management Solutions, Other Telematics Solutions
2) By Services: Installation Services, Data Analytics Services, Consulting Services, Customer Support Services, Maintenance And Repair Services, Other Related Services (Training, Software Updates)
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=12340
What regions are at the forefront of commercial vehicle telematics market expansion?
Asia-Pacific was the largest region in the commercial vehicle telematics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the commercial vehicle telematics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the commercial vehicle telematics market?
Major 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., Element Fleet Management Corp, Solera Inc., Samsara Inc., TomTom International BV, Omnitracs LLC, Geotab Inc., CalAmp Corp, Inseego Corporation, Mix Telematics International (Pty) Ltd., Lytx Inc., Zonar Systems Inc., Motive Technologies Inc., Platform Science Inc., Microlise Group PLC, Azuga Inc., Masternaut Limited, Spireon Inc., GPS Insight LLC, NexTraq LLC, Cetaris Co, Telemax Telematics Pty Ltd, AirIQ Inc.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=12340&type=smp
What Is Covered In The Commercial Vehicle Telematics Global Market Report?
• Market Size Forecast: Examine the commercial vehicle telematics market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the commercial vehicle telematics market for a structured understanding.
• Key Players Overview: Analyze major players in the commercial vehicle telematics market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the commercial vehicle telematics market.
• Segment Contributions: Evaluate how different segments drive overall growth in the commercial vehicle telematics market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the commercial vehicle telematics market.
• Industry Challenges: Identify potential risks and obstacles affecting the commercial vehicle telematics market.
• Competitive Landscape: Review strategic developments in the commercial vehicle telematics market, including expansions, agreements, and new product launches.
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 Prominent Commercial Vehicle Telematics Market Trend for 2025: Innovative Solutions In The Commercial Vehicle Telematics Market here
News-ID: 3900609 • Views: …
More Releases from The Business Research Company
Seed Treatment Fungicides Market to Grow at 9.3% CAGR, Reaching $3.15 Billion by …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Seed Treatment Fungicides Market Outlook: How is the Market Expected to Grow by 2025?
Over the past few years, the market for seed treatment fungicides has seen robust growth. Its market value is projected to rise from $2.07 billion in 2024 to $2.21 billion in 2025, signifying a compound annual…
Rheology Modifiers Market Growth to be Driven by Emerging Trends | $10.92 Billio …
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 of the Rheology Modifiers Industry?
There has been a consistent expansion in the size of the rheology modifiers market in the past few years. The market, which was worth $8.59 billion in 2024, is projected to increase to $8.89 billion in 2025, demonstrating a compound…
Polyurethane Foam Market to Record 8.4% CAGR Growth Through 2029 | Global Analys …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Polyurethane Foam Market Outlook: How is the Market Expected to Grow by 2025?
In recent years, the size of the polyurethane foam market has experienced substantial growth. It is projected to increase from a value of $54.27 billion in 2024 to $57.26 billion in 2025, indicating a compound annual growth…
Pharmaceutical Intermediates Market Size to Reach $46.04 Billion by 2029 | Growt …
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 of the Pharmaceutical Intermediates Industry?
There has been consistent growth in the market size of pharmaceutical intermediates over the past few years. The market is predicted to increase from a value of $33.37 billion in 2024, up to $34.95 billion in 2025, with a compound…
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,…
