The global commercial vehicle telematics market size was US$ 11.4 billion in 2021. The global commercial vehicle telematics market size is forecast to reach US$ 40.8 billion by 2030, growing at a compound annual growth rate (CAGR) of 19.8% during the forecast period from 2022 to 2030.
Telematics allows you to track the location and movement of vehicles through a combination of a global positioning system (GPS) and on-board diagnostics systems. With GPS and the diagnostic system, it is possible to record the speed and internal behavior of the vehicle. It is able to provide functions such as security, navigation, and safety. Telematic system providers track the location and behavior of vehicles for automobile insurers, fleet management firms, and others.
The Commercial Vehicle Telematics Market consists of the services and solutions used for monitoring and controlling a commercial vehicle via a telecommunication device.
Factors Influencing Market Growth
Impact Analysis of COVID-19
COVID-19 has affected businesses large and small, including automobile manufacturers and insurance companies. As a result of the COVID-19 situation, companies and original equipment manufacturers (OEMs) in several countries were shut down, which greatly affected the economy, particularly the economy of developing nations. The pandemic has severely affected the automotive industry, and manufacturing units were closed, leading to several challenges. A number of automobile manufacturing plants across the globe have shut down, customer traffic in showrooms has fallen sharply, and governments have imposed temporary trade restrictions on countries across several regions, resulting in a significant drop in automobile sales.
Regional Insights
Over the forecast period, Asia Pacific is forecast to witness the highest growth in the commercial vehicle telematics market. As a result of increasing awareness about driver safety and accident prevention, upcoming regulations aimed at improving road safety, the presence of leading OEMs, growing logistics and transportation sectors, and the advent of 4G LTE technology and smartphones. In addition, favorable government regulations and rules are likely to support the growth of the Asia Pacific commercial vehicle telematics market.
Leading Competitors
The leading prominent companies profiled in the global commercial vehicle telematics market are:
Scope of the Report
The global commercial vehicle telematics market segmentation focuses on Type, Provider Type, Industry Vertical, and Region.
Segmentation based on Type
Segmentation based on Provider Type
Segmentation based on Industry Vertical
Segmentation based on Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL COMMERCIAL VEHICLE TELEMATICS MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
4 GLOBAL COMMERCIAL VEHICLE TELEMATICS MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE MODEL
4.4 VALUE CHAIN ANALYSIS
5 GLOBAL COMMERCIAL VEHICLE TELEMATICS MARKET, BY TYPE
5.1 OVERVIEW
5.2 SOLUTION
5.3 SERVICES
6 GLOBAL COMMERCIAL VEHICLE TELEMATICS MARKET, BY PROVIDER TYPE
6.1 OVERVIEW
6.2 OEM
6.3 AFTERMARKET
7 GLOBAL COMMERCIAL VEHICLE TELEMATICS MARKET, BY INDUSTRY VERTICAL
7.1 OVERVIEW
7.2 TRANSPORTATION & LOGISTICS
7.3 GOVERNMENT & UTILITIES
7.4 TRAVEL & TOURISM
7.5 CONSTRUCTION
7.6 EDUCATION
7.7 HEALTHCARE
7.8 OTHERS
8 GLOBAL COMMERCIAL VEHICLE TELEMATICS MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3. 1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL COMMERCIAL VEHICLE TELEMATICS MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
10 COMPANY PROFILES
10.1 PTC, INCORPORATED
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.2 TRIMBLE INCORPORATED
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.3 TOMTOM TELEMATICS BV
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.4 VERIZON TELEMATICS, INCORPORATED
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.5 MIX TELEMATICS INTERNATIONAL (PTY) LIMITED
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.6 ZONAR SYSTEMS, INCORPORATED
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.7 OCTO TELEMATICS LIMITED
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.8 OMNITRACS, LLC
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.9 MASTERNAUT LIMITED
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.10 MICROLISE GROUP LIMITED
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
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