Press release
Commercial Telematics Market to be Driven by Upgradation of Technologies
OEM telematics and aftermarket telematics are the two types of commercial telematics. Further, OEM telematics include embedded OEM systems and hybrid OEM systems; and aftermarket telematics include embedded aftermarket telematics and portable aftermarket telematics. OEM telematics are already installed in vehicles by automobile manufacturers whereas aftermarket telematics include solutions that are installed by the users of vehicles post purchase. Increasing partnerships between automobile manufacturers and telematics service providers is driving the market for OEM telematics. Further, government mandates for installations of telematics devices such as GPS devices and satellite navigators in commercial vehicles is also driving the growth of commercial telematics market.
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The commercial telematics market has gained significant momentum in recent years due to the features and services offered by telematics solutions. This report provides a comprehensive strategic analysis of the global market for commercial telematics along with the market size and growth forecast for the period 2012 - 2020. Commercial telematics broadly refers to a system using which an electronic or mechanical device communicates with other devices or human users with the help of a telecommunication network. Factors such as government regulations for mandatory use of telematics technology, wide adoption of commercial telematics across various industries including insurance and infotainment, and increasing partnerships between automobile manufacturers and telematics service providers has led to the growth of global commercial telematics market. Furthermore, rising penetration of broadband and high speed long-term evolution (LTE) technologies across the globe and the increasing demand for high-end luxury cars is driving the adoption and demand for commercial telematics.
This research report on the commercial telematics market provides a detailed market analysis and helps understand the driving forces behind the popularity of these systems across various end-use industries. The report also provides a breakdown and review of various factors affecting market growth, which are appropriately described as market drivers, restraints, and opportunities. These factors determine various existing trends and their impact on market growth. It offers a comprehensive coverage of underlying technological and economic factors influencing the commercial telematics business. Furthermore, value chain analysis and Porter’s five forces analysis are included in the report, which aim to provide strategic insights into the supply chain of the commercial telematics market. The prevalent competition in the market is identified and described through market share analysis of key players.
This 119-page report gives readers a comprehensive overview of the Commercial Telematics Market. Browse to unlock the hidden opportunities in this market
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In 2013, North America was the largest market for commercial telematics in terms of revenue. The region has experienced significant adoption of commercial telematics solutions across industries such as transportation and logistics, and government and utilities. This is attributed mainly to high internet penetration in the North American region. Europe is expected to be the fastest growing region owing to the eCall initiative by the European Union. Demand from countries such as Japan, China, India, and Australia is expected to drive the Asia Pacific commercial telematics market in the coming years. Brazil is experiencing very high vehicle theft rate. As per Brazil’s State Department of Public Safety and national traffic department in Rio de Janeiro, everyday 7 or 8 vehicles out of 100,000 are stolen. CONTRAN 245 is an initiative by the Brazilian government for mandatory installation of tracking devices in vehicles sold and manufactured in Brazil.
The global commercial telematics market is led by players such as MiX Telematics Ltd., Omnitracs LLC, Verizon Communications Inc., WirelessCar AB, ORBCOMM Inc., Masternaut Limited, TomTom N.V., Trimble Navigation Limited, and OnStar LLC., among others.
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