Commercial Automotive Telematics Market is estimated to hit $31.09 billion by 2023

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According to the new market research report by IndustryARC titled “Commercial Automotive Telematics Market: By Vehicle Type (Truck, Semi-Trailer, Motor Coach, Taxicab, Trailers & Others); By Components (Communication, Sensors, Control Unit, Audio/Video); By Services (Safety & Security, Navigation, Others); By Geography – Forecast(2018-2023)”, the market is driven by the increased demand for connected vehicles and a surge in telematics fleet management services customers across each industry.

Americas continues to lead the market share during 2018-2023.

The Americas is the largest market for telematics accounting for revenue of $8.66 billion in 2017, followed by Europe and Asia-Pacific. This region is projected to exhibit high growth due to the low penetration of the market in Latin America and in the Americas, it is estimated to reach $13.96 billion by 2023. The U.S is the largest market in this region (and globally) and is projected to continue throughout the forecast period. The APAC region is forecast to exhibit high growth as awareness rises, resulting in increased adoption. The APAC region is projected to grow from revenue of $4.04 billion in 2017 to $7.16 billion in 2023. The growing infrastructure capabilities and government programs supporting the telematics industry will also help in market growth. In the European region, growth will be largely driven by governmental regulations, making emergency notification systems mandatory. The RoW region is forecast to exhibit a slow growth of 6.7% CAGR through 2023 as uncertain economic conditions coupled with a distinct lack of awareness regarding telematics products will affect the market adoption. In the Americas, Trucks segment is projected to register the highest growth of $5.31 billion by 2023 at a CAGR of 7.82%.

Asia-Pacific is projected to register the highest growth rate of 10.5% CAGR throughout the forecast period, followed by Europe and the Americas.

Selected / Sample Analysis done in the full Report:

Usage-based insurance present high growth opportunities in Europe

Usage-based insurance (UBI) is a fast-growing market, with major growth projected in Europe. The major growth for UBI is forecast in Western European countries such as the U.K, Italy, France, and Germany. The UBI market is also projected to show good growth in APAC, Americas, and Russia. Low cost of insurance with UBI is a major reason for the growth. Because of the high premium costs for younger drivers with traditional insurance, UBI presents an opportunity to attract a customer base. The competition is currently fragmented and growth opportunity is very high in this market. The market share is estimated to grow through consolidation. The growing deployment of telematics devices in vehicles in Europe presents an opportunity to offer UBI at lower costs. This lower cost will significantly propel market adoption. The UBI market is estimated to grow at a high rate. The UBI telematics market presents an opportunity for telematics service providers as it is estimated to be a high growth market globally, with Europe leading the market.

Emerging Economies: High Growth Regions

Lower penetration in the commercial telematics market, especially in the BRIC countries, presents an opportunity for companies to expand into this business. In 2013, there was a lack of awareness and infrastructure in the APAC region. However, the awareness of telematics is on the rise and government initiatives are set to resolve infrastructure challenges. As a result, connected cars market in China is projected to exhibit high growth. Fleet management market in China is estimated to grow at a substantial rate. The growing infrastructure to support commercial telematics is also set to drive the market. The lack of awareness of telematics in the APAC region is a major roadblock and market penetration is low in 2013. However, with increasing awareness, this is estimated to grow. This presents an opportunity to gain a foothold in a potential market.

Excerpts on Market Growth Factors Mentioned in the Full Report:

Changing governmental regulations as well as growth in the fleet management market is set to drive the commercial automotive telematics market growth during the forecast period.

The growth of smart-phones has accelerated the integrated telematics services that are used for real-time updates and alerts. The increased sales of automobiles, as well as smart-phone devices, are set to propel the telematics market.

Increased customer demand for telematics in vehicles, especially cars is projected to propel the market growth.

The declining costs of telematics devices are set to increase penetration and open up new opportunities for this market in APAC and South America.

To access the full report browse the link below

https://industryarc.com/Report/1318/Commercial-Automotive-Telematics-Market.html?

Key Players of the Commercial Automotive Telematics Industry:

The Top five companies in the Commercial Telematics market include CalAmp Corp (U.S.), Fleetmatics Group PLC (U.S.), Bosch (Germany), Descartes (Canada) and Trimble Navigation Ltd (U.S.). CalAmp Launches LMU-200 High-Value CDMA Vehicle tracking device and introduces LMU-330 GPS Tracking Unit for Stolen vehicle recovery and commercial vehicle and trucking applications. Bosch recently introduced its new SMA1300 triaxial sensors for advanced telematics and infotainment applications.

Commercial Automotive Telematics Industry Report is Segmented as below.

Commercial Automotive Telematics Industry By Market Offering Type:

Automotive OEM’s

Aftermarket

Commercial Automotive Telematics Industry By Vehicle Type:

Commercial Vehicle

Trucks

Light Trucks

Medium Truck

Heavy Trucks

Trailers

Service or Utility Trailer

Semi-Trailer

Tilt Based Trailer

Bus or Coach

Public Transport

Private Transport

Specialist Buses

School Bus

Shuttle Bus

Others

Others

Passenger Vehicle Fleet

Others

Commercial Automotive Telematics Industry By Device Type:

Hardwired

Plug and Play

Smartphone-Based

Commercial Automotive Telematics Market – By Components

Telematics Control Unit

Navigation System

Gyroscope

Accelerometer

Positioning Systems

Global Navigation Satellite System (GNSS)

Global Positioning System (GPS)

Others

Communication Devices

Bluetooth

Standard Bluetooth

Bluetooth Low Energy

Wi-Fi

Cellular

3rd Generation

LTE Advanced

5th Generation

Others

Radio

Satellite

Audio/Video Interface

Can Bus

Others

Commercial Automotive Telematics Market – By Services Offered

Safety And Security Services

Driver Behavior Monitoring

Roadside Assistance

Crash Reconstruction System

Black Box Device / On-Board Recorder

Maintenance Schedules

Seat Belt Usage Monitoring

Others

Entertainment Services

Amplitude Modulation(AM) /Frequency Modulated (FM) Radio

Satellite Television

Information And Navigation Systems

Location Based Services

Off Board And Hybrid Navigation

Concierge Services

Fleet Management Systems

Courier and Delivery Fleet

Transportation and Logistics Fleet

Construction and Heavy Equipment Fleet

Food and Beverage Fleet

Oil and Gas Mining Fleet

Police and First Responders Fleet

Government Fleet

Waste Management Fleet

Insurance Risk Assessment

Emergency Notification Services

Remote Diagnostics

Billing Services

Others

Commercial Automotive Telematics Market By Geography ( Covers 28+ Countries )

Commercial Automotive Telematics Market Entropy

Companies Citied / Interviewed

AGM TELEMATICS LTD

ROBERT BOSCH CAR MULTIMEDIA GMBH

BOX TELEMATICS

INTHINC TECHNOLOGY SOLUTIONS, INC.

AGERO, INC.

VERIZON TELEMATICS INC.

ASTRATA GROUP

TELOGIS, INC.

MASTERNAUT LTD.

TOMTOM NV

ROADTECH INC.

QUARTIX HOLDINGS

GENERAL MOTORS COMPANY

ORBCOMM INC.

WIRELESSCAR AB

Company 16+

What can you expect from the report?

The Commercial Automotive Telematics Market Report is Prepared with the Main Agenda to Cover the following 20 points:

Market Size by Product Categories

Market trends

Manufacturer Landscape

Distributor Landscape

Pricing Analysis

Top 10 End-user Analysis

Product Benchmarking

Product Developments

Mergers & Acquisition Analysis

Patent Analysis

Demand Analysis (By Revenue & Volume)

Country-level Analysis (10+)

Competitor Analysis

Market Shares Analysis

Value Chain Analysis

Supply Chain Analysis

Strategic Analysis

Current & Future Market Landscape Analysis

Opportunity Analysis

Revenue and Volume Analysis

Frequently Asked Questions:

Does IndustryARC publish country, or application based reports in Commercial Automotive Telematics Market?

Response: Yes, we do have separate reports and database as mentioned below:

Americas Market for Commercial Automotive Telematics (2018-2023)

APAC Market for Commercial Automotive Telematics (2018-2023)

Europe Market for Commercial Automotive Telematics (2018-2023)

Commercial Vehicle Market for Commercial Automotive Telematics (2018-2023)

Passenger Vehicle Fleet Market for Commercial Automotive Telematics (2018-2023)

Safety And Security Services Market for Commercial Automotive Telematics (2018-2023)

Entertainment Services Market for Commercial Automotive Telematics (2018-2023)

Information And Navigation Systems Market for Commercial Automotive Telematics (2018-2023)

Fleet Management Systems Market for Commercial Automotive Telematics (2018-2023)

Does IndustryARC provide customized reports and charge additionally for limited customization?

Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization

Increase the level of data in the application or end-user industry.

Increase the number of countries in geography or product chapter.

Find out market shares for other smaller companies or companies which are of interest to you.

Company profiles can be requested based on your interest.

Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end-use segment.

Any other major customizations can be discussed with our team, we can provide a separate quote based on your requirements. You can drop in an e-mail to sales@industryarc.com to discuss more our consulting services.

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