Commercial Telematics Market: Structure and Overview of Key Market Forces Propelling Market

Transparency Market Research, a leading market research and analysis firm, has released a new report, detailing the global commercial telematics market. According to the report, titled ‘Commercial Telematics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020’, the global market is rising at an 18.0% CAGR from 2014 to 2020, to grow from a valuation of close to US$14.7 bn in 2013 to US$46.2 bn in 2020.

Browse the full Commercial Telematics Market (By Type - OEM Telematics (Embedded and Hybrid) and Aftermarket Telematics (Embedded and Portable); By Application - Fleet/Asset Management, Satellite Navigation, Infotainment, Insurance Telematics, Telehealth Solutions, Remote Alarm and Monitoring, and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020 report at
https://www.transparencymarketresearch.com/commercial-telematics-market.html

The global market for commercial telematics is segmented on the basis of market type into OEM telematics and aftermarket telematics. This refers to the stage when the telematics systems are introduced into the vehicle, with OEM telematics systems being installed during manufacture and aftermarket telematics being bought and installed by the customers themselves. Among these two sales channel segments, aftermarket commercial telematics dominate the market, with a 59% share in 2013.

These services are majorly used to provide services such as satellite navigation and infotainment options. The advent of modern wireless connectivity has enhanced both these application sectors, with wireless streaming of infotainment options catching on rapidly among the customer pool.Due to growing government support for the installation of safety telematics services such as satellite navigation and GPS location tracking, the OEM commercial telematics market is expected to expand at a higher CAGR than aftermarket telematics in the forecast period.

Get A Brochure Of Report @
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2189

Government regulations in developed countries with some of the highest concentrations of vehicles, such as the U.S., the U.K., and Germany, are supportive of and often mandate the incorporation of commercial telematics in new vehicles, particularly passenger vehicles. This will help the global commercial telematics market massively.

Among the product types within OEM telematics, embedded commercial telematics hold a dominant 68% share in the commercial telematics market. Hybrid telematics are the other category of commercial telematics and are expected to remain behind embedded commercial telematics in the coming years.

Within the product category of aftermarket commercial telematics, the major sub-segments are portable and embedded commercial telematics. Unlike the OEM commercial telematics sector, embedded telematics trail in this category, with portable commercial telematics leading with a 71% revenue share in the aftermarket telematics market.

Make An Enquiry @
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2189

“The main reason for this is the easier upgrading possible with portable telematics,” explains a lead TMR analyst. “Replacing embedded telematics systems can be a bothersome task, which doesn’t affect automobile manufacturers, but aftermarket buyers are attracted to portable telematics.”

According to application, fleet and asset management and insurance telematics are the two major segments of the global commercial telematics market: while fleet and asset management led demand from the global market in 2013 with a 30% share, the insurance telematics market is expected to rise at a rampant 34.70% CAGR in the forecast period.

The major commercial telematics market players profiled in the report include Verizon Communications Inc., MIX Telematics Ltd., Masternaut Limited, Omnitracs LLC, WirelessCar AB, and OnStar LLC.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

Contact

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.