A Peek At The Immediate Future of the Commercial Automotive Telematics Market

Telematics is the convergence of telecommunications with information and communications technology. The market for Commercial Automotive Telematics is anticipated to grow at a CAGR of 9.1% during 2018-2023 and generate revenues worth $31.09 Billion by 2023. The increasing demand for connected vehicles for better safety management is expected to further drive the market. The sensors components dominated the Commercial Automotive Telematics market with share of over 23%. Majority of the demand was generated from the North American region given the huge amount of research and development taking place in the connected automotive segment.

Americas continues to lead the Commercial Automotive Telematics 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 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 telematics industry will also help in market growth. In the European region, growth will be largely driven by the 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 distinct lack of awareness regarding telematics products will affect the market adoption. In Americas, Trucks segment is projected to register highest growth of $5.31 billion by 2023 at a CAGR of 7.82%.

Asia-Pacific is projected to register highest growth rate of 10.5% CAGR throughout the forecast period, followed by Europe and Americas. Selected / Sample Analysis done in the Commercial Automotive Telematics Market 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 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 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 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 Commercial Automotive Telematics Market 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 / purchase the full report browse the link below:

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

Key Players of the Commercial Automotive Telematics Market: 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 Market Report is Segmented as below. Commercial Automotive Telematics Market By Market Offering Type: Automotive OEM’s Aftermarket Commercial Automotive Telematics Market 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 Market 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 in Commercial Automotive Telematics Market:

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 Share (2018-2023) APAC Market for Commercial Automotive Telematics Report(2018-2023) Europe Market for Commercial Automotive Telematics Analysis(2018-2023) Commercial Vehicle Market for Commercial Automotive Telematics Growth(2018-2023) Passenger Vehicle Fleet Market for Commercial Automotive Telematics Forecast(2018-2023) Safety And Security Services Market for Commercial Automotive Telematics Insights(2018-2023) Entertainment Services Market for Commercial Automotive Telematics Value (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 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 about our consulting services.

Media Contact: Mr. Venkat Reddy Sales Manager Email 1: sales@industryarc.com Or Email 2: venkat@industryarc.com Contact Sales: +1-614-588-8538 (Ext-101) About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &Healthcare. IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications in a Market. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. We look forward to support the client to be able to better address their customer needs, stay ahead in the market, become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

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