322-Washington,America - 23
Emergency Call- 24/7 support
Home » Automotive and Transport » Smart and Advanced Technologies » ASM-8361117
* For discount/customization and buying a particular chapter click here or write to us at email@example.com
Commercial vehicle telematics includes monitoring and control of a commercial vehicle via telecommunication devices. It is a combination of telecommunication and informatics technology adopted in commercial vehicles. It is possible to record, track, map and navigate commercial vehicles by combination of Global Positioning System (GPS) and on-board diagnostics. The global commercial vehicle telematics market is expected to have a CAGR of 21% during the forecast period of 2016-2023. Adoption of wireless communication, location technology, in-vehicle electronics etc. introduces a way for telematics technology in commercial vehicle. The advantages of telematics technology in commercial vehicles include enhanced vehicle efficiency, improved routing, increased safety of vehicle, prevention of accident, injuries and damages etc.
Adoption of Next Generation Telematics Protocol (NGTP) in commercial vehicles is adding growth in the global commercial vehicle telematics market during the forecast period. NGTP protocols are used to provide connectivity and integrated services to drivers in a commercial vehicle. According to Next Generation Telematics Pattern (ngtp.org), provides distributed off board architecture for building scalable, flexible and cost efficient telematic systems for commercial vehicles which increases the overall efficiency of the commercial vehicle.
Source: OBRC Analysis
The report on global commercial vehicle telematics market is segmented on the basis of type, provider and vertical.
Types of commercial vehicle telematics include:
Provider segment of commercial vehicle telematics is divided as:
The verticals adopting commercial vehicle telematics include:
The report scope is widely categorized on the basis of its segments such as type, provider and vertical. Moreover, the market revenue estimates and forecast includes only commercial vehicle telematics technology. However, report scope excludes telematics of other mechanical instruments.
Geographically, the global commercial vehicle telematics market report is segmented into:
North America accounted for the largest market share in terms of revenue for commercial vehicle telematics market in 2016 and is expected to dominate the market during the forecast period. The dominance of this region is attributed to early adoption of telematics technology for commercial vehicle in countries of North America. Countries such as United States and Canada are the major contributors for the growth of the region in commercial vehicle telematics market during the forecast period. These countries are significantly advanced in terms of technology. Moreover, the commercial automobile industry in United States is more than 10 years old which contribute to the early adoption of telematics technology for commercial vehicles. Asia Pacific is expected to be the fastest growing region for commercial vehicle telematics market during the forecast period. The highest growth rate in the region is attributed to presence of developing countries such as China, Japan, India, South Korea etc. in the region which are the largest producers and manufacturers of automobiles.
Global commercial vehicle telematics market report covers segmentation analysis of type, provider and vertical. Report further covers sub-segments of type which include service and solution. Sub segments of solution include fleet tracking and monitoring, driver management, insurance telematics, safety and compliance, V2X solutions and other solutions. Safety and compliance solutions accounted for the largest market share in terms of revenue in 2016 and it is expected to dominate the segment during the forecast period owing to concerns regarding safety and security of commercial vehicle telematics. Solutions are offered by the providers which integrate the compliance aspect into solutions to facilitate timeline reporting, laws and regulation control speed control etc. to incorporate government rules and regulations of commercial vehicle telematics. Sub segments of service include professional services and managed services. Professional services accounted for the largest market share in terms of revenue in 2016 and it is expected to dominate the segment during the forecast period owing to deployment of smart solutions. Moreover, government sector usually prefer professional services over managed services to keep control over business operations such as support, deployment and maintenance. Provider segment of commercial vehicle telematics is divided as aftermarket and OEMs. OEM accounted for the largest market share in terms of revenue in 2016 and it is expected to dominate the segment during the forecast period. Large growth in the segment is observed due to collaborations of manufacturing companies with telematics providers. Moreover, the verticals adopting commercial vehicle telematics include construction, education, government and utilities, healthcare, media and entertainment, transportation & logistics and travel & tourism.
The major market players of the global commercial vehicle telematics market are:
These companies use various strategies such as merger & acquisition, collaboration, partnership and product launch whereas, mergers and acquisitions is the key strategy adopted by the companies in the global commercial vehicle telematics market.
For example: In 2017, MSD Telematics acquired Heuristics Info Systems (vehicle tracking solutions firm). The aim of this acquisition is to deliver greater value to customers by offering advanced telematics technology in commercial vehicles.
In 2016, Verizon acquired Fleetmatics Group PLC. The aim of this acquisition was to expand telematics technology for commercial vehicles.
The report covers detailed analysis of companies which comprises of overview, SCOT analysis, product portfolio, strategic initiative, strategic analysis, competitive landscape and market share analysis in the global commercial vehicle telematics market.
Key reasons to buy the report:
How are we different from others
At Occams we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on the global commercial vehicle telematics market offers detailed analysis of strategic models such as investment vs. adoption model, see saw analysis and others strategic models. Also, the report contains the detailed analysis of application, adoption scenario and decision support for each segment. The report discusses competitive landscape of the global commercial vehicle telematics market, with giving extensive SCOT analysis of key companies.
Key findings of the global commercial vehicle telematics market: