Press release
Commercial Telematics Market Set for Rapid Growth, to reach around USD 55.14 billion by 2021
Zion Market Research has published a new report titled “Commercial Telematics Market (OEM Telematics, Aftermarket Telematics) for Insurance Telematics, Fleet / Asset Management, Satellite Navigation, Infotainment, Remote Alarm and Monitoring, Telehealth Solutions and Other Applications : Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021”. According to the report, global demand for commercial telematics market was valued at USD 20.42 billion in 2015 and is expected to generate revenue of USD 55.14 billion by end of 2021, growing at a CAGR of slightly above 18.0% between 2016 and 2021.Request for Free Sample Report @
https://www.zionmarketresearch.com/sample/commercial-telematics-market
Commercial telematics is used in a variety of applications such as infotainment, insurance telematics, fleet/asset management, satellite navigation, telehealth solutions, and others like including emergency warning systems. Commercial telematics is fleet- and trucking-segment-targeted automotive information and communication technologies to use embedded technology and mobile & aftermarket devices. Commercial telematics is used in a number of end-use industries such as healthcare, construction, transportation and logistics, government and utilities, insurance, and manufacturing.
Increasing demand for connectivity and increasing application across various industries, mainly in the healthcare and insurance sector are expected to be the major drivers for the global commercial telematics market. Rising market penetration of smartphones, reducing connectivity cost, accessibility of high-speed internet technologies is expected to support the commercial telematics market growth in the near future. However, the high cost of telematics equipment and lack of awareness may curb the demand for commercial telematics within the forecast period.
The commercial telematics market is segmented on the basis of different types including OEM telematics and aftermarket telematics. OEM Telematics was one of the leading segments and it accounted for significant share of entire global commercial telematics market in 2015. Aftermarket Telematics was another key outlet for embedded system market which is accounted for over 58% share of the total market in 2015.
Request to view Report TOC (Table of Contents) @
https://www.zionmarketresearch.com/toc/commercial-telematics-market
The commercial telematics market is segmented into applications such as insurance telematics, fleet/asset management, satellite navigation, infotainment, remote alarm and monitoring, telehealth solutions and others. Fleet and asset management application dominated the market with over 28% of the total commercial telematics market share in 2015. Growing demand from another application segment such as insurance telematics and infotainment sector is also expected to support market growth in the coming years.
Commercial telematics market was dominated by transportation and logistics segment in 2015 and which accounted for more than 54% share of the overall market. Insurance and healthcare are expected to witness the significant growth in the years to come.
North America acquired the majority of share for commercial telematics market due to the demand for transportation and logistics. Europe is expected to be the fastest growing region in next few years. Demand from countries such as Japan, China, India, and Australia is anticipated to drive the Asia Pacific commercial telematics market in the years to come.
Some of the key players in commercial telematics market include AT&T, Verizon Communications Inc., MiX Telematics Ltd., Trimble Navigation Limited, TomTom, OnStar LLC.,BMW, Verizon, and Telefonica.
Browse Detail Report @
https://www.zionmarketresearch.com/report/commercial-telematics-market
About Us :
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Contact Us :
Zion Market Research
4283, Express Lane,
Suite 634-143,
Sarasota, Florida 34249, United States
Tel: +49-322 210 92714
USA/Canada Toll Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: http://www.zionmarketresearch.com
Blog: https://zionmarketresearch.wordpress.com
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 Telematics Market Set for Rapid Growth, to reach around USD 55.14 billion by 2021 here
News-ID: 661766 • Views: …
More Releases from zion market research
Coffee Beans Roaster Market to Reach USD 2.81 Billion by 2034, Expanding at 6.75 …
The global coffee beans roaster market, valued at USD 1.46 billion in 2024, is anticipated to reach USD 2.81 billion by 2034, advancing at a 6.75% CAGR from 2025 to 2034.
Growing global coffee consumption, rapid café culture expansion, consumer inclination toward fresh & specialty coffee, and technological advancements in roasting systems are fueling market growth.
Comprehensive Market Insights & Key Indicators
2024 Market Value: USD 1.46 Billion
2034 Forecast: USD 2.81 Billion
CAGR: 6.75%
Core…
Global Automotive Lead-Acid Battery Market to Reach USD 48.15 Billion by 2034, E …
The global automotive lead-acid battery market, valued at USD 28.81 billion in 2024, is projected to reach USD 48.15 billion by 2034, growing at a 5.27% CAGR from 2025-2034.
Widespread adoption in passenger vehicles, commercial fleets, and hybrid systems continues to drive market expansion. Affordability, proven reliability, and ease of recycling ensure lead-acid batteries remain a preferred solution for automotive starting, lighting, and ignition (SLI) functions - despite rising lithium-ion penetration.
Key…
Global Foam Protective Packaging Market to Reach USD 24.49 Billion by 2034, Expa …
The global foam protective packaging market, valued at USD 15.22 billion in 2024, is projected to reach USD 24.49 billion by 2034, growing at a 4.87% CAGR between 2025-2034.
Market expansion is fueled by surging e-commerce volumes, global trade acceleration, demand for shock-absorbent protection, and rising electronics shipments. Foam packaging continues to be indispensable in preventing product damage, ensuring logistics resilience, and enhancing customer experience for fragile and high-value goods.
Strategic Market…
Global Portable Generator Market Outlook: USD 5.02 Billion by 2034, Expanding at …
The global portable generator market, valued at USD 2.74 billion in 2024, is projected to reach USD 5.02 billion by 2034, growing at a 5.8% CAGR from 2025 to 2034. Increasing instances of grid failure, rising demand for emergency backup power, expanding outdoor recreational activities, and infrastructure development across emerging economies are key forces propelling industry expansion.
Portable generators remain vital for residential, commercial, and industrial power continuity, enabling uninterrupted access…
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,…
