DUBLIN, Nov. 24, 2020 /PRNewswire/ -- The "Commercial Vehicle Telematics Market - A Global Market and Regional Analysis: Focus on Commercial Vehicle Telematics Product and Application, Supply Chain Analysis, and Country Analysis - Analysis and Forecast, 2019-2025" report has been added to ResearchAndMarkets.com's offering.
The global commercial vehicle telematics market accounted for $4.86 billion in 2019 and is expected to reach $5.93 billion by 2025. The market is anticipated to grow at a CAGR of 7.92% during the forecast period 2020 to 2025.
The growing importance of connectivity and safety, advancement in smartphone technology, and high-speed internet connectivity have largely transformed the telematics industry. The original equipment manufacturers (OEMs) are increasingly incorporating advanced telematics services in all the commercial vehicle categories owing to the system's multiple benefits, thereby driving the adoption of automotive telematics.
The global commercial vehicle telematics market is driven by factors such as increasing safety and security regulations, rising disposable income, lower cost of connectivity, and increased market penetration rate of smartphones. The rising hacking and privacy concerns, and low awareness regarding telematics are some of the factors that are hampering the overall market growth.
However, the growing demand for connected cars, increased adoption of telematics in the insurance industry, and the growth of emerging economies such as India and China are some of the factors thatare expected to fuel the market growth in the forecast period.
Some of the strategies adopted by the companies are new product launches, business expansions, and partnerships and collaborations. Among all the strategies adopted, partnerships and collaborations and product launches have been the leading choices implemented in the competitive landscape. Geotab, CalAmp, Masternaut, Trimble are some of the leading players in the global commercial vehicle telematics market.
The industry landscape is quite competitive because of the large number of players in the market. Therefore, innovation and development have been the key factors for large-scale growth in this market. The manufacturers are expanding their businesses and are also entering into strategic partnerships to increase their customer base and overall global footprint.
Key Topics Covered:
1.1 Industry Outlook
1.1.1 Telematics Overview
188.8.131.52 Telematics-Based Services
184.108.40.206.1 Information and Navigation
220.127.116.11.2 Safety and Security
18.104.22.168.4 Remote Diagnostics
22.214.171.124 Evolution of Automotive Telematics
126.96.36.199 Commercial Vehicle Telematics Insurance
1.1.2 Trends: Current and Future
188.8.131.52 5G: The Next Generation of Connectivity
184.108.40.206 Telematics Data Analytics
220.127.116.11 Truck Platooning
18.104.22.168 Emergence of Connected and Autonomous Vehicles
1.1.3 Ecosystem Participants
1.2 Business Dynamics
1.2.1 Business Drivers
22.214.171.124 Stringent Government Rules and Regulations Regarding Vehicular and Passenger Safety
126.96.36.199 Increasing Connectivity in Commercial Vehicles
188.8.131.52 Increasing Focus on Vehicle Platooning
1.2.2 Business Challenges
184.108.40.206 Rise in Cyber Threats due to Increased Data
220.127.116.11.1 Low Consumer Acceptance in Developing Regions
1.2.3 Business Strategies
18.104.22.168 Product Developments
1.2.4 Corporate Strategies
22.214.171.124 Mergers and Acquisitions
126.96.36.199 Partnerships and Joint Ventures
1.2.5 Business Opportunities
188.8.131.52 Transition from Vehicle Ownership to MaaS
184.108.40.206 Growing Popularity of Telematics-based Insurance and Fleet Management
2.1 Application and Specification
2.1.1 Light Commercial Vehicles
2.1.2 Heavy Trucks
2.1.3 Heavy Buses
2.2 Demand Analysis of Commercial Vehicle Telematics (by Application)
2.2.1 Light Commercial Vehicle
2.2.2 Heavy Trucks
2.2.3 Heavy Buses
3.1 Products and Specification
3.2 Demand Analysis of Commercial Vehicle Telematics (by Product)
3.3 Demand Analysis of Global Commercial Vehicle Market (by Mode of Sales)
3.3.1 Original Equipment Manufacturer (OEM)
3.4 Qualitative Analysis of Commercial Vehicle Telematics Market by Connectivity
3.4.1 Cellular-Based CV Telematics Market
3.4.5 Satellite-Based CV Telematics Market
3.5 Qualitative Analysis of Commercial Vehicle Telematics Market by Device Type
3.5.2 On-board Device (OBD)
5 Markets - Competitive Benchmarking & Company Profiles
5.1 Company Overview
5.2 Product Portfolio
5.3 Corporate Strategies
5.4 R&D and Patent Analysis
5.5 Competitive Position
- CalAmp Corp.
- Intel Corporation
- Masternaut Limited
- Microlise Telematics Pvt. Ltd.
- Octo Group S.p.A
- Omnitracs, LLC
- Qualcomm Inc.
- TomTom International BV.
- Trimble Inc.
- Verizon Communications, Inc.
- Volkswagen AG
- Volvo Trucks
- Zonar Systems
For more information about this report visit https://www.researchandmarkets.com/r/psqxop
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