Commercial Telematics Market, By Type (Solutions and Services), By Vehicle (Passenger cars and Commercial vehicles), By Product (Hardware and Software), By Provider (Aftermarket and OEM) by Region (North America, Europe, Asia Pacific and RoW) – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025
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Product Code:
RP-ID-10294045 -
Published Date:
21 Oct 2022 -
Region:
Global
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Pages:
195 -
Category:
Semiconductor & Electronics -
Publisher:
Pub-ID-48
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
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The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Market Overview:
Translate Report
REPORT HIGHLIGHT The Commercial Telematics market is estimated to represent a global market of USD 20.53 billion by 2017 with growth rate of 23.8%.
Market Dynamics
The global commercial telematics is majorly driven by the digitization of vehicles. Companies such as DirectLine, Ctrack, Octo Telematics, and Insure The Box Limited are few players that now integrate telematics with insurance. Over the coming years, new vendors are expected to enter this market on account of the growth potential in this space, supporting the industry growth. The market has been segmented on the basis of solution, services, vehicle type, product, and source. In terms of different solution, fleet management solution emerged as the dominant solution segment in 2017 and accounted for 35% of the overall market revenue share.
Service Type Takeaway
Depending upon service type, consulting and design services dominated the market accounting to over 40% of the share in 2017. Cost-effectiveness of this service and low-cost vehicle tracking is one of the major reason for the service to boom in the commercial telematics market.
Key Vendor Takeaway
The telematics market is consolidated in nature and highly competitive. Key players such as PTC, Inc., Octo Telematics, Verizon, Fleetmatics, Mix Telematics, Omnitracs LLC, and TomTom Telematics are covered under the study scope. Many key companies are focusing on developing novel product portfolio. Fleetmatics is one of the leading companies in the Americas with about 600,000 functional units present in the region.
The acquisition of Telogis by Verizon in has made the market more competitive. Maximum automobile manufacturers with significant presence such as Ford, Scania, and Volvo nowadays provide pre-installed OEMs and fleet telematics devices and solutions either through partnership or independent in the Americas. The awareness of telematics is increasing in Central & South America and solutions and services provided by the OEMs are estimated to rise in the coming years.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year – 2014 & 2016
Base Year – 2017
Estimated Year – 2018
Projected Year – 2025
TARGET AUDIENCE
Traders, Distributors, and Suppliers
Manufacturers
Government and Regional Agencies
Research Organizations
Consultants
Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY TYPE
Solutions
Navigation & location-based systems
Insurance telematics
Infotainment systems
Safety & security
Fleet/Asset management
Remote alarm & incident monitoring solutions
V2X
Others
Services
Consulting & design
Integration & deployment
Maintenance & training services
MARKET, BY VEHICLE CATEGORY
Passenger cars
Commercial vehicles
BY PRODUCT
Hardware
Software
BY PROVIDER
Aftermarket
OEM
MARKET, BY REGION
North America
U.S.
Canada
Europe
Germany
France
Rest of Europe
Asia Pacific
India
China
Rest of APAC
Rest of the World
Middle East and Africa
Latin America
Geography Analysis:
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
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