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Commercial Telematics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Solution (OEM & Aftermarket), By Application (Solution and Services), By End User (Transport and Logistics, Insurers, Healthcare, Media & Entertainment, Vehicle Manufactures/dealers, & Government Agencies), By Region, Competition
Market Report I 2023-05-01 I 119 Pages I TechSci Research
Global Commercial Telematics market was estimated at USD 37.44 billion in 2018, and by the end of the forecasted period through 2028, it is anticipated to grow to around USD 150.43. The factors propelling the demand for telematics in commercial vehicles across various countries in the globe is that with the help of telematics, companies can improve operational efficiency for fleet management. In commercial vehicles, telematics involves a combination of information technology and telecommunication which helps to track the movements and location of the commercial vehicles easily. In Europe, around 8.1 million units of telematics were installed in commercial vehicles, and it is expected that 15.04 million units of telematics will get installed in commercial vehicles in the European market in the forecasted year 2028F.
Nowadays, many commercial vehicle manufacturers are focusing on involving telematics in commercial vehicles, as many e-commerce companies prefer to have commercial vehicles for the delivery of goods, and having telematics in the vehicle helps to track the route and estimate the time of delivery and other status checks.
Tracking Of Vehicles in Real Time
The customers can check their vehicle's location in real-time owing to the telematics that has been installed in the vehicles. This makes it possible to give drivers the best route while escaping accidents, delays, and traffic jams. By selecting the closest vehicle to the customer's location, one may also speed up response times and provide efficient service. Businesses that deliver goods can provide shareable tracking links, so they can track real-time delivery. Consumers can now get prepared for delivery in advance. This help with unnecessary returns and delays and brings more efficiency.
Reduce In Consumption of Fuels
For any company that relies on transportation, fuel is one of the biggest expenses. These costs can be reduced with the aid of GPS vehicle tracking and telematics. Monitoring various Driver Behavior data, such as rapid acceleration, pausing, use of equipment (air conditioning, etc.), and miles per gallon, is made easier by this. With access to this information, company owners can find drivers who need to enhance their performance with less fuel. Telematics helps to find the right route for the drivers; this helps to increase the efficiency of driving and reduces the consumption of fuel.
Adoption of 5G connectivity to create market opportunities
Various telematics companies are using the 5G technology for commercial vehicles to enhance the internet connectivity solution. With the adoption of the 5G technology in telematics, there will be growth in the market as it will provide information to pass in a very shorter time along with accuracy. Commercial vehicle manufacturers are focusing on using 5G for better services, and it will increase the advancement and popularity of commercial vehicles in the market in various countries across the globe in the coming years.
Cost Cutting in Sensor is Expected in the Adoption of Telematics
The price of the automotive sensor, which is used in telematics, is lower in the current year compared to the past few years; due to this, telematics devices are more adopted this year when compared to the previous year. Commercial vehicle manufacturers are adopting telematics devices at a higher rate to install in trucks and in other commercial fleets across various countries. It is anticipated that in the coming years, the adoption of telematics devices will increase in commercial vehicles.
Telematics Can Enhance the Safety of The Driver
Telematics helps the drivers by heightening their awareness of their own driving behavior; telematics also helps to track down the drivers while they are driving. Considering that drivers are being watched, drivers will not make any unnecessary mistakes like texting, eating while driving, etc. Drivers are needed to be careful while driving, maintain a safer speed, keeping a proper distance from the front vehicles.
Market Segmentation
The global commercial telematics market is segmented based on solution, application, end-user, region, and competitional landscape. Based on the solution, the market is further fragmented into OEM and Aftermarket. Based on application, the market is segmented into solutions and services. In terms of end-user, the market is divided into Transport and Logistics, Insurers, Healthcare, Media & Entertainment, Vehicle Manufactures/dealers, and Government Agencies. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Europe & CIS, Asia-Pacific, North America, South America, and Middle East & Africa.
Company Profiles
THE AirIQ Inc, TomTom Telematics BV, Trimble Inc., WirelessCar AB, Verizon Communications Inc, OCTO Telematics S.p.A, Geotab Inc, Mix Telematics International (Pty) Ltd, Google Inc, Omnitracs LLC, are among the major market players in the global platform that lead the market growth of the global commercial telematics market.
Report Scope:
In this report, the global commercial telematics market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
- Global Commercial Telematics Market, By Solution:
o OEM
o Aftermarket
- Global Commercial Telematics Market, By Application:
o Solution
o Service
- Global Commercial Telematics Market, By End User:
o Transport and Logistics
o Insures
o Healthcare
o Media & Entertainment
o Vehicle Manufactures/ Dealers
o Government Agencies
- Global Commercial Telematics Market, By Region:
o Europe
- Germany
- Spain
- Russia
- France
- United Kingdom
- Italy
o Asia-Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Thailand
- Malaysia
- Vietnam
o North America
- United States
- Canada
- Mexico
o South America
- Brazil
- Argentina
- Colombia
o Middle East & Africa
- Saudi Arabia
- Turkey
- South Africa
- Egypt
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the global commercial telematics market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
1. Introduction
1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
4. Impact of COVID-19 on Global Commercial Telematics Market
4.1. Impact Assessment Model
4.1.1. Key Segments Impacted
4.1.2. Key Regions Impacted
4.1.3. Key Countries Impacted
5. Voice of Customer
5.1. Brand Awareness
5.2. Factors Influencing Purchase Decision
6. Global Commercial Telematics Market Outlook, FY2018-FY2028F
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Solution Market Share Analysis (OEM, Aftermarket)
6.2.2. By Application Market Share Analysis Type (Solution, Services)
6.2.3. By End User Market Share Analysis (Transport and Logistics, Insurance, Healthcare, Media & Entertainment, Vehicle Manufactures/dealers, Government Agencies)
6.2.4. By Regional Market Share Analysis
6.2.4.1. Europe & CIS Market Share Analysis
6.2.4.2. Asia-Pacific Market Share Analysis
6.2.4.3. North America Market Share Analysis
6.2.4.4. South America Market Share Analysis
6.2.4.5. Middle East & Africa Market Share Analysis
6.2.5. By Company Market Share Analysis (By Value, 2022)
6.3. Global Commercial Telematics Market Mapping & Opportunity Assessment
6.3.1. By Solution Market Mapping & Opportunity Assessment
6.3.2. By Application Mapping & Opportunity Assessment
6.3.3. By End User Mapping & Opportunity Assessment
6.3.4. By Regional Market Mapping & Opportunity Assessment
7. Europe & CIS Commercial Telematics Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Solution Market Share Analysis
7.2.2. By Application Market Share Analysis
7.2.3. By End User Market Share Analysis
7.2.4. By Country Market Share Analysis
7.3. Europe & CIS: Country Analysis
7.3.1. Germany Commercial Telematics Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Volume and Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Solution Market Share Analysis
7.3.1.2.2. By Application Market Share Analysis
7.3.1.2.3. By End User Market Share Analysis
7.3.2. Spain Commercial Telematics Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Volume and Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Solution Market Share Analysis
7.3.2.2.2. By Application Market Share Analysis
7.3.2.2.3. By End User Market Share Analysis
7.3.3. Russia Commercial Telematics Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Volume and Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Solution Market Share Analysis
7.3.3.2.2. By Application Market Share Analysis
7.3.3.2.3. By End User Market Share Analysis
7.3.4. France Commercial Telematics Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Volume and Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Solution Market Share Analysis
7.3.4.2.2. By Application Market Share Analysis
7.3.4.2.3. By End User Market Share Analysis
7.3.5. United Kingdom Commercial Telematics Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Volume and Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Solution Market Share Analysis
7.3.5.2.2. By Application Market Share Analysis
7.3.5.2.3. By End User Market Share Analysis
7.3.6. Italy Commercial Telematics Market Outlook
7.3.6.1. Market Size & Forecast
7.3.6.1.1. By Volume and Value
7.3.6.2. Market Share & Forecast
7.3.6.2.1. By Solution Market Share Analysis
7.3.6.2.2. By Application Market Share Analysis
7.3.6.2.3. By End User Market Share Analysis
8. Asia-Pacific Commercial Telematics Market Outlook
8.1. Market Size & Forecast
8.1.1. By Volume and Value
8.2. Market Share & Forecast
8.2.1. By Solution Market Share Analysis
8.2.2. By Application Market Share Analysis
8.2.3. By End User Market Share Analysis
8.2.4. By Country Market Share Analysis
8.3. Asia-Pacific: Country Analysis
8.3.1. China Commercial Telematics Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Volume and Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Solution Market Share Analysis
8.3.1.2.2. By Application Market Share Analysis
8.3.1.2.3. By End User Market Share Analysis
8.3.2. India Commercial Telematics Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Volume and Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Solution Market Share Analysis
8.3.2.2.2. By Application Market Share Analysis
8.3.2.2.3. By End User Market Share Analysis
8.3.3. Japan Commercial Telematics Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Volume and Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Solution Market Share Analysis
8.3.3.2.2. By Application Market Share Analysis
8.3.3.2.3. By End User Market Share Analysis
8.3.4. South Korea Commercial Telematics Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Volume and Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Solution Market Share Analysis
8.3.4.2.2. By Application Market Share Analysis
8.3.4.2.3. By End User Market Share Analysis
8.3.5. Indonesia Commercial Telematics Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Volume and Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Solution Market Share Analysis
8.3.5.2.2. By Application Market Share Analysis
8.3.5.2.3. By End User Market Share Analysis
8.3.6. Thailand Commercial Telematics Market Outlook
8.3.6.1. Market Size & Forecast
8.3.6.1.1. By Volume and Value
8.3.6.2. Market Share & Forecast
8.3.6.2.1. By Solution Market Share Analysis
8.3.6.2.2. By Application Market Share Analysis
8.3.6.2.3. By End User Market Share Analysis
8.3.7. Malaysia Commercial Telematics Market Outlook
8.3.7.1. Market Size & Forecast
8.3.7.1.1. By Volume and Value
8.3.7.2. Market Share & Forecast
8.3.7.2.1. By Solution Market Share Analysis
8.3.7.2.2. By Application Market Share Analysis
8.3.7.2.3. By End User Market Share Analysis
8.3.8. Vietnam Commercial Telematics Market Outlook
8.3.8.1. Market Size & Forecast
8.3.8.1.1. By Volume and Value
8.3.8.2. Market Share & Forecast
8.3.8.2.1. By Solution Market Share Analysis
8.3.8.2.2. By Application Market Share Analysis
8.3.8.2.3. By End User Market Share Analysis
9. North America Commercial Telematics Market Outlook
9.1. Market Size & Forecast
9.1.1. By Volume and Value
9.2. Market Share & Forecast
9.2.1. By Solution Market Share Analysis
9.2.2. By Application Market Share Analysis
9.2.3. By End User Market Share Analysis
9.2.4. By Country Market Share Analysis
9.3. North America: Country Analysis
9.3.1. USA Commercial Telematics Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Volume and Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Solution Market Share Analysis
9.3.1.2.2. By Application Market Share Analysis
9.3.1.2.3. By End User Market Share Analysis
9.3.2. Mexico Commercial Telematics Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Volume and Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Solution Market Share Analysis
9.3.2.2.2. By Application Market Share Analysis
9.3.2.2.3. By End User Market Share Analysis
9.3.3. Canada Commercial Telematics Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Volume and Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Solution Market Share Analysis
9.3.3.2.2. By Application Market Share Analysis
9.3.3.2.3. By End User Market Share Analysis
10. South America Commercial Telematics Market Outlook
10.1. Market Size & Forecast
10.1.1. By Volume and Value
10.2. Market Share & Forecast
10.2.1. By Solution Market Share Analysis
10.2.2. By Application Market Share Analysis
10.2.3. By End User Market Share Analysis
10.2.4. By Country Market Share Analysis
10.3. South America: Country Analysis
10.3.1. Brazil Commercial Telematics Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Volume and Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Solution Market Share Analysis
10.3.1.2.2. By Application Market Share Analysis
10.3.1.2.3. By End User Market Share Analysis
10.3.2. Argentina Commercial Telematics Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Volume and Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Solution Market Share Analysis
10.3.2.2.2. By Application Market Share Analysis
10.3.2.2.3. By End User Market Share Analysis
10.3.3. Colombia Commercial Telematics Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Volume and Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Solution Market Share Analysis
10.3.3.2.2. By Application Market Share Analysis
10.3.3.2.3. By End User Market Share Analysis
11. Middle East & Africa Commercial Telematics Market Outlook
11.1. Market Size & Forecast
11.1.1. By Volume and Value
11.2. Market Share & Forecast
11.2.1. By Solution Market Share Analysis
11.2.2. By Application Market Share Analysis
11.2.3. By End User Market Share Analysis
11.2.4. By Country Market Share Analysis
11.3. Middle East & Africa: Country Analysis
11.3.1. Saudi Arabia Commercial Telematics Market Outlook
11.3.1.1. Market Size & Forecast
11.3.1.1.1. By Volume and Value
11.3.1.2. Market Share & Forecast
11.3.1.2.1. By Solution Market Share Analysis
11.3.1.2.2. By Application Market Share Analysis
11.3.1.2.3. By End User Market Share Analysis
11.3.2. Turkey Commercial Telematics Market Outlook
11.3.2.1. Market Size & Forecast
11.3.2.1.1. By Volume and Value
11.3.2.2. Market Share & Forecast
11.3.2.2.1. By Solution Market Share Analysis
11.3.2.2.2. By Application Market Share Analysis
11.3.2.2.3. By End User Market Share Analysis
11.3.3. South Africa Commercial Telematics Market Outlook
11.3.3.1. Market Size & Forecast
11.3.3.1.1. By Volume and Value
11.3.3.2. Market Share & Forecast
11.3.3.2.1. By Solution Market Share Analysis
11.3.3.2.2. By Application Market Share Analysis
11.3.3.2.3. By End User Market Share Analysis
11.3.4. Egypt Commercial Telematics Market Outlook
11.3.4.1. Market Size & Forecast
11.3.4.1.1. By Volume and Value
11.3.4.2. Market Share & Forecast
11.3.4.2.1. By Solution Market Share Analysis
11.3.4.2.2. By Application Market Share Analysis
11.3.4.2.3. By End User Market Share Analysis
12. Market Dynamics
12.1. Market Drivers
12.2. Market Challenges
13. Market Trends & Developments
14. SWOT Analysis
14.1. Strength
14.2. Weakness
14.3. Opportunities
14.4. Threats
15. Porters Five Forces Model
15.1. Competitive Rivalry
15.2. Bargaining Power of Suppliers
15.3. Bargaining Power of Buyers
15.4. Threat of New Entrants
15.5. Threat of Substitutes
16. Competitive Landscape
16.1. Company Profiles
16.1.1. AirIQ Inc
16.1.1.1. Company Details
16.1.1.2. Products & Services
16.1.1.3. Recent Development
16.1.1.4. Key Management Personnel
16.1.2. TomTom Telematics BV (Netherlands)
16.1.2.1. Company Details
16.1.2.2. Products & Services
16.1.2.3. Recent Development
16.1.2.4. Key Management Personnel
16.1.3. Trimble Inc. (US)
16.1.3.1. Company Details
16.1.3.2. Products & Services
16.1.3.3. Recent Development
16.1.3.4. Key Management Personnel
16.1.4. WirelessCar AB
16.1.4.1. Company Details
16.1.4.2. Products & Services
16.1.4.3. Recent Development
16.1.4.4. Key Management Personnel
16.1.5. Verizon Communications Inc
16.1.5.1. Company Details
16.1.5.2. Products & Services
16.1.5.3. Recent Development
16.1.5.4. Key Management Personnel
16.1.6. OCTO Telematics S.p.A
16.1.6.1. Company Details
16.1.6.2. Products & Services
16.1.6.3. Recent Development
16.1.6.4. Key Management Personnel
16.1.7. Geotab Inc
16.1.7.1. Company Details
16.1.7.2. Products & Services
16.1.7.3. Recent Development
16.1.7.4. Key Management Personnel
16.1.8. Mix Telematics International (Pty) Ltd
16.1.8.1. Company Details
16.1.8.2. Products & Services
16.1.8.3. Recent Development
16.1.8.4. Key Management Personnel
16.1.9. Omnitracs LLC
16.1.9.1. Company Details
16.1.9.2. Products & Services
16.1.9.3. Recent Development
16.1.9.4. Key Management Personnel
17. Strategic Recommendations/Action Plan
17.1. Key Focus Areas
17.2. Target Regions & Countries
17.3. Target Application
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