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Commercial Telematics Market

Commercial Telematics Market by Solution Type (OEM and Aftermarket), Application (Solutions and Services), and End User (Transportation & Logistics, Insurance, Healthcare, Media & Entertainment, Vehicle Manufacturers & Dealers and Government Agencies): Global Opportunity Analysis and Industry Forecast, 2021–2030

A00146
Pages: 252
Sep 2021 | 28034 Views
   
Author(s) : Prateek Yadav , Sonia Mutreja
Tables: 140
Charts: 82
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Commercial Telematics Market Statistics 2021-2030:

The global commercial telematics market was valued at $16,871 million in 2020, and is projected to reach $63,981.5 million by 2030, registering a CAGR of 14.3% from 2021 to 2030.

The COVID-19 outbreak severely impacted the automotive sector on a global level. The most direct effect of the COVID-19 on the automotive sector is the standstill of many OEM and supplier factories. Further indications include the interruption in export of Chinese automotive parts, huge manufacturing disruptions across Europe, and the shutting down of assembly plants in the U.S. Furthermore, The pandemic also have impacted the revenue streams allocated towards the R&D and adoption of new technologies in commercial telematics sector. However, owing to the growing vaccination numbers globally coupled with considerable demand for commercial vehicle, the commercial telematics market is foreseen to grow appreciably in near future.

Telematics is methodology of monitoring the location and movement of vehicle by combination of Global Positioning System (GPS) and on-boards diagnostics systems. With the help of GPS and diagnostics system, it is possible to record the speed and internal behavior of the vehicle. Telematics systems are majorly adopted by the automobile insurance companies, fleet management companies, and others to monitor the location and behavior of the vehicle. The global commercial telematics market refers to the services and solutions that are adopted for monitoring and controlling a commercial vehicle through a telecommunication device. A Fleet Telematics System (FTS) allows the exchange of information between a commercial vehicle fleet and the central authority, which enables them to keep a track of vehicle diagnostics and location.  

Commercial-Telematics-Market,-2021-2030

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The spread of the COVID-19 pandemic has negatively impacted the global commercial telematics market, owing to commute restrictions and expected weak financial performance of the market players in 2020.

The economic impact of the pandemic is visible with organizations preparing strategic cost-saving plans. Organizations with vehicle assets are considering sale and leaseback options to improve cash flow. The major risk factors of the commercial telematics market participants are supply chain execution, regulatory & policy changes, dependency on labor, working capital management, and liquidity & solvency management. Commercial telematics is a high-end technological solution dealing with intense capital investment for the end users. In 2020, market participants of the commercial telematics market as well as end users, such as OEM, fleet owners, insurers, and others, witnessed weak financial performance. This expected weak business performance directly impacts the overall sales of the system and service of commercial telematics.

Commercial Telematics Market
By Solution Type

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OEM segment is projected as the most lucrative segment

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For the commercial telematics market, 2020 is estimated to be a negative performing year, owing to the negative demand and supply outlook from the COVID-19 crisis restrictions in end users such as automotive manufacturer, insurance, and fleet owner. The demand from end users has reduced as there is limited operational activity and their main focus shifted to the core competencies of the origination. The overall production activities of these industries have declined, owing to operations with limited workforce capacity, inadequate health safety measures, and change in consumer sentiments. 

In addition, end users, such as automotive OEM, automotive dealer, insurer, and fleet operators, are expected to focus on the working capital management and there are very less chances for heavy investment in advanced technology. However, there are most probable chances of sales momentum for the commercial telematics technology from 2021, owing to its high installation cost and additional infrastructural requirements. Market participants of commercial telematics are following certain approaches to manage the operations by slashed budgets, extended equipment lifecycles, decreased staff sizes, and reduced salaries in the short term to overcome the financial downturn.

Commercial Telematics Market
By Application

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Solutions segment is projected as the most lucrative segment

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The commercial telematics market is segmented on the basis of solution type, application, service, end user, and region. By solution type, the market is bifurcated into OEM and aftermarket. By application, it is classified into solutions, and services. By end user, it is further divided into transportation and logistics, insurance, healthcare, media & entertainment, vehicle manufacturers/dealers, and government agencies. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players analyzed in the global commercial telematics market are Mix Telematics, Navistar, Inc., Trimble Inc., Verizon Communications Inc., Vontier Corporation, Fleet Complete, Geotab Inc., Microlise limited, Solera Holdings, Inc., Continental AG, Daimler AG, Karooooo Ltd., Michelin.

Commercial Telematics Market
By End User

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Transportation & Logistics segment is projected as the most lucrative segment

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Government regulations for vehicle telematics

Government rules and regulations for the safety, security, and tracking of vehicles in different regions drives the growth of the telematics market. For instance, the U.S. Department of Transportation has also issued guidelines for tracking of vehicles. In accordance with the same, the fleet manager is projected to provide reports for all violations as identified by federal or state investigators, the detailed list of all the violations detected during inspections, and state-supplied crash reports. Moreover, it is also mandated that all of the fleet management systems (FMS) should be certified from the Federal Motor Carrier Safety Advisor. Therefore, government regulations for vehicle telematics are driving the growth of the market. Also, in April 2018, government of India passed rule for all the public transport vehicles over six-seater capacity should have tracking device installed in them. 

Rise in trend of connectivity solutions

Smartphones have changed the definition of connectivity over time. People wish to stay connected with the outer world even while travelling. Now that connectivity has become the need of the hour, automobile manufacturers adopt connectivity solutions in their vehicles to boost their automobile sales. Consumers are expecting their vehicles to perform tasks similar to computers and smart phones. Adding connectivity solutions in the vehicle has become the top most priority for automobile manufacturers. Many connectivity solutions are integrated in modern cars. These need internet service to perform their respective functions. Connectivity can be provided in a car using embedded, integrated, or tethered connectivity solutions. The automotive industry is witnessing a phase of digital revolution. Over the next few years, automobiles will be completely transformed into communication objects. Therefore, the telematics market is expected to grow at a promising rate due to the rise in customer demands for staying connected 24*7 even while travelling.

Commercial Telematics Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific would exhibit the highest CAGR of 17.1% during 2021-2030.

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Key Benefits For Stakeholders

  • This study presents analytical depiction of the commercial telematics market analysis along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall market potential is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities of the market with a detailed impact analysis.
  • The current commercial telematics market size is quantitatively analyzed from 2021 to 2030 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the Commercial telematics industry.

Key Market Segments

  • By Application
    • Solutions
    • Services
  • By End User
    • Transportation and Logistics
    • Insurance
    • Healthcare
    • Media & Entertainment
    • Vehicle Manufacturers/Dealers
    • Government Agencies
  • By Solution Type
    • Automotive OEM Services
    • Aftermarket Telematics
  • By Region
    • NORTH AMERICA
      • US
      • CANADA
      • MEXICO
    • EUROPE
      • UK
      • Germany
      • FRANCE
      • RUSSIA
      • ITALY
      • REST OF EUROPE
    • ASIA-PACIFIC
      • CHINA
      • INDIA
      • JAPAN
      • SOUTH KOREA
      • REST OF ASIA-PACIFIC
    • LAMEA
      • LATIN AMERICA
      • MIDDLE EAST
      • AFRICA


Key Market Players

  • CARTRACK
  • DAIMLER FLEETBOARD GmbH
  • FLEET COMPLETE
  • GEOTAB INC.
  • MICROLISE
  • MASTERNAUT LIMITED
  • MIX TELEMATICS
  • NAVISTAR, INC
  • OMNITRACS
  • TOMTOM INTERNATIONAL BV.
  • TRIMBLE INC.,
  • VERIZON
  • ZONAR SYSTEMS
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top impacting factors
3.2.2.Top investment pockets
3.2.3.Top winning strategies

3.3.Porter’s five forces analysis
3.4.Market player positioning, 2020
3.5.Market Dynamics

3.5.1.Drivers

3.5.1.1.Government regulations for vehicle telematics
3.5.1.2.Rise in trend of connectivity solutions
3.5.1.3.Ease of vehicle diagnosis

3.5.2.Restraints

3.5.2.1.Threat of data hacking
3.5.2.2.High installation cost
3.5.2.3.Lack of uninterrupted & seamless internet connectivity

3.5.3.Opportunity

3.5.3.1.Intelligent transportation system
3.5.3.2.Improved performance of autonomous vehicles

3.6.Commercial Telematics Market: Use Cases
3.7.Purchase journey and points of friction/abandonment
3.8.COVID-19 impact analysis

3.8.1.Evolution of outbreak
3.8.2.Micro economic impact analysis

3.8.2.1.Consumer trends
3.8.2.2.Technology trends
3.8.2.3.Regulatory trends

3.8.3.Macro-economic impact analysis

3.8.3.1.GDP
3.8.3.2.Import/export analysis
3.8.3.3.Employment index

3.8.4.Impact on the Commercial Telematics Market

CHAPTER 4:COMMERCIAL TELEMATICS MARKET, BY SOLUTION TYPE

4.1.Overview
4.2.OEM

4.2.1.Key market trends, growth factors and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis by country

4.3.Aftermarket

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis by country

CHAPTER 5:COMMERCIAL TELEMATICS MARKET, BY APPLICATION

5.1.Overview
5.2.Solutions

5.2.1.Key market trends, growth factors and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis by country

5.3.Services

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis by country

CHAPTER 6:COMMERCIAL TELEMATICS MARKET, BY END USER

6.1.Overview
6.2.Transportation & Logistics

6.2.1.Key market trends, growth factors and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis by country

6.3.Insurance

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis by country

6.4.Healthcare

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market analysis by country

6.5.Media & Entertainment

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by region
6.5.3.Market analysis by country

6.6.Vehicle Manufacturers and Dealers

6.6.1.Key market trends, growth factors, and opportunities
6.6.2.Market size and forecast, by region
6.6.3.Market analysis by country

6.7.Government Agencies

6.7.1.Key market trends, growth factors, and opportunities
6.7.2.Market size and forecast, by region
6.7.3.Market analysis by country

CHAPTER 7:COMMERCIAL TELEMATICS MARKET, BY REGION

7.1.Overview
7.2.North America

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by Solution Type
7.2.3.Market size and forecast, by Application
7.2.4.Market size and forecast, by end user
7.2.5.Market analysis by country

7.2.5.1.U.S.

7.2.5.1.1.Market size and forecast, by Solution Type
7.2.5.1.2.Market size and forecast, by Application
7.2.5.1.3.Market size and forecast, by end user

7.2.5.2.Canada

7.2.5.2.1.Market size and forecast, by Solution Type
7.2.5.2.2.Market size and forecast, by Application
7.2.5.2.3.Market size and forecast, by end user

7.2.5.3.Mexico

7.2.5.3.1.Market size and forecast, by Solution Type
7.2.5.3.2.Market size and forecast, by Application
7.2.5.3.3.Market size and forecast, by end user

7.3.Europe

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by Solution Type
7.3.3.Market size and forecast, by Application
7.3.4.Market size and forecast, by end user
7.3.5.Market analysis by country

7.3.5.1.Germany

7.3.5.1.1.Market size and forecast, by Solution Type
7.3.5.1.2.Market size and forecast, by Application
7.3.5.1.3.Market size and forecast, by end user

7.3.5.2.UK

7.3.5.2.1.Market size and forecast, by Solution Type
7.3.5.2.2.Market size and forecast, by Application
7.3.5.2.3.Market size and forecast, by end user

7.3.5.3.France

7.3.5.3.1.Market size and forecast, by Solution Type
7.3.5.3.2.Market size and forecast, by Application
7.3.5.3.3.Market size and forecast, by end user

7.3.5.4.Italy

7.3.5.4.1.Market size and forecast, by Solution Type
7.3.5.4.2.Market size and forecast, by Application
7.3.5.4.3.Market size and forecast, by end user

7.3.5.5.Russia

7.3.5.5.1.Market size and forecast, by Solution Type
7.3.5.5.2.Market size and forecast, by Application
7.3.5.5.3.Market size and forecast, by end user

7.3.5.6.Rest of Europe

7.3.5.6.1.Market size and forecast, by Solution Type
7.3.5.6.2.Market size and forecast, by Application
7.3.5.6.3.Market size and forecast, by end user

7.4.Asia-Pacific

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by Solution Type
7.4.3.Market size and forecast, by Application
7.4.4.Market size and forecast, by end user
7.4.5.Market analysis by country

7.4.5.1.China

7.4.5.1.1.Market size and forecast, by Solution Type
7.4.5.1.2.Market size and forecast, by Application
7.4.5.1.3.Market size and forecast, by end user

7.4.5.2.Japan

7.4.5.2.1.Market size and forecast, by Solution Type
7.4.5.2.2.Market size and forecast, by Application
7.4.5.2.3.Market size and forecast, by end user

7.4.5.3.India

7.4.5.3.1.Market size and forecast, by Solution Type
7.4.5.3.2.Market size and forecast, by Application
7.4.5.3.3.Market size and forecast, by end user

7.4.5.4.South Korea

7.4.5.4.1.Market size and forecast, by Solution Type
7.4.5.4.2.Market size and forecast, by Application
7.4.5.4.3.Market size and forecast, by end user

7.4.5.5.Rest of Asia-Pacific

7.4.5.5.1.Market size and forecast, by Solution Type
7.4.5.5.2.Market size and forecast, by Application
7.4.5.5.3.Market size and forecast, by end user

7.5.LAMEA

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by Solution Type
7.5.3.Market size and forecast, by Application
7.5.4.Market size and forecast, by end user
7.5.5.Market analysis by country

7.5.5.1.Latin America

7.5.5.1.1.Market size and forecast, by Solution Type
7.5.5.1.2.Market size and forecast, by Application
7.5.5.1.3.Market size and forecast, by end user

7.5.5.2.Middle East

7.5.5.2.1.Market size and forecast, by Solution Type
7.5.5.2.2.Market size and forecast, by Application
7.5.5.2.3.Market size and forecast, by end user

7.5.5.3.Africa

7.5.5.3.1.Market size and forecast, by Solution Type
7.5.5.3.2.Market size and forecast, by Application
7.5.5.3.3.Market size and forecast, by end user

CHAPTER 8:COMPANY PROFILES

8.1.CONTINENTAL AG

8.1.1.Company overview
8.1.2.Key executives
8.1.3.Company snapshot
8.1.4.Operating business segments
8.1.5.Product portfolio
8.1.6.R&D expenditure
8.1.7.Business performance
8.1.8.Key strategic moves and developments

8.2.DAIMLER AG

8.2.1.Company overview
8.2.2.Key executives
8.2.3.Company snapshot
8.2.4.Operating business segments
8.2.5.Product portfolio
8.2.6.R&D expenditure
8.2.7.Business performance
8.2.8.Key strategic moves and developments

8.3.FLEET COMPLETE

8.3.1.Company overview
8.3.2.Key executives
8.3.3.Company snapshot
8.3.4.Product portfolio
8.3.5.Key strategic moves and developments

8.4.GEOTAB INC.

8.4.1.Company overview
8.4.2.Key executives
8.4.3.Company snapshot
8.4.4.Product portfolio
8.4.5.Key strategic moves and developments

8.5.KAROOOOO LTD.

8.5.1.Company overview
8.5.2.Key executives
8.5.3.Company snapshot
8.5.4.Operating business segments
8.5.5.Product portfolio
8.5.6.R&D expenditure
8.5.7.Business performance
8.5.8.Key strategic moves and developments

8.6.MICHELIN

8.6.1.Company overview
8.6.2.Key executives
8.6.3.Company snapshot
8.6.4.Operating business segments
8.6.5.Product portfolio
8.6.6.R&D expenditure
8.6.7.Business performance
8.6.8.Key strategic moves and developments

8.7.MICROLISE LIMITED

8.7.1.Company overview
8.7.2.Key executives
8.7.3.Company snapshot
8.7.4.Product portfolio
8.7.5.Key strategic moves and developments

8.8.MIX TELEMATICS

8.8.1.Company overview
8.8.2.Key executives
8.8.3.Company snapshot
8.8.4.Operating business segments
8.8.5.Product portfolio
8.8.6.R&D expenditure
8.8.7.Business performance
8.8.8.Key strategic moves and developments

8.9.NAVISTAR, INC.

8.9.1.Company overview
8.9.2.Key executives
8.9.3.Company snapshot
8.9.4.Operating business segments
8.9.5.Product portfolio
8.9.6.Business performance
8.9.7.Key strategic moves and developments

8.10.SOLERA HOLDINGS, INC.

8.10.1.Company overview
8.10.2.Key executives
8.10.3.Company snapshot
8.10.4.Product portfolio
8.10.5.Key strategic moves and developments

8.11.TRIMBLE INC.

8.11.1.Company overview
8.11.2.Key executives
8.11.3.Company snapshot
8.11.4.Operating business segments
8.11.5.Product portfolio
8.11.6.R&D expenditure
8.11.7.Business performance
8.11.8.Key strategic moves and developments

8.12.VERIZON COMMUNICATIONS INC.

8.12.1.Company overview
8.12.2.Key executives
8.12.3.Company snapshot
8.12.4.Operating business segments
8.12.5.Product portfolio
8.12.6.Business performance
8.12.7.Key strategic moves and developments

8.13.VONTIER CORPORATION

8.13.1.Company overview
8.13.2.Company snapshot
8.13.3.Product portfolio
8.13.4.R&D expenditure
8.13.5.Business performance
8.13.6.Key strategic moves and developments

LIST OF TABLES

TABLE 01.GLOBAL COMMERCIAL TELEMATICS MARKET, BY SOLUTION TYPE, 2020-2030($MILLION)
TABLE 02.COMMERCIAL TELEMATICS MARKET REVENUE FOR OEM, BY REGION 2020-2030 ($MILLION)
TABLE 03.COMMERCIAL TELEMATICS MARKET REVENUE FOR AFTERMARKET, BY REGION 2020-2030 ($MILLION)
TABLE 04.GLOBAL COMMERCIAL TELEMATICS MARKET, BY APPLICATION, 2020-2030($MILLION)
TABLE 05.COMMERCIAL TELEMATICS MARKET REVENUE FOR SOLUTIONS, BY REGION 2020-2030 ($MILLION)
TABLE 06.COMMERCIAL TELEMATICS MARKET REVENUE FOR SERVICES, BY REGION 2020-2030 ($MILLION)
TABLE 07.GLOBAL COMMERCIAL TELEMATICS MARKET, BY END USER, 2020-2030($MILLION)
TABLE 08.COMMERCIAL TELEMATICS MARKET REVENUE FOR TRANSPORTATION & LOGISTICS, BY REGION 2020-2030 ($MILLION)
TABLE 09.COMMERCIAL TELEMATICS MARKET REVENUE FOR INSURANCE, BY REGION 2020-2030 ($MILLION)
TABLE 10.COMMERCIAL TELEMATICS MARKET REVENUE FOR HEALTHCARE, BY REGION 2020-2030 ($MILLION)
TABLE 11.COMMERCIAL TELEMATICS MARKET REVENUE FOR MEDIA & ENTERTAINMENT, BY REGION 2020-2030 ($MILLION)
TABLE 12.COMMERCIAL TELEMATICS MARKET REVENUE FOR VEHICLE MANUFACTURERS AND DEALERS, BY REGION 2020-2030 ($MILLION)
TABLE 13.COMMERCIAL TELEMATICS MARKET REVENUE FOR GOVERNMENT AGENCIES, BY REGION 2020-2030 ($MILLION)
TABLE 14.NORTH AMERICA COMMERCIAL TELEMATICS MARKET, BY SOLUTION TYPE, 2020-2030 ($MILLION)
TABLE 15.NORTH AMERICA COMMERCIAL TELEMATICS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 16.NORTH AMERICA COMMERCIAL TELEMATICS MARKET, BY END USER, 2020-2030 ($MILLION)
TABLE 17.U.S. COMMERCIAL TELEMATICS MARKET, BY SOLUTION TYPE, 2020-2030 ($MILLION)
TABLE 18.U.S. COMMERCIAL TELEMATICS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 19.U.S. COMMERCIAL TELEMATICS MARKET, BY END USER, 2020-2030 ($MILLION)
TABLE 20.CANADA COMMERCIAL TELEMATICS MARKET, BY SOLUTION TYPE, 2020-2030 ($MILLION)
TABLE 21.CANADA COMMERCIAL TELEMATICS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 22.CANADA COMMERCIAL TELEMATICS MARKET, BY END USER, 2020-2030 ($MILLION)
TABLE 23.MEXICO COMMERCIAL TELEMATICS MARKET, BY SOLUTION TYPE, 2020-2030 ($MILLION)
TABLE 24.MEXICO COMMERCIAL TELEMATICS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 25.MEXICO COMMERCIAL TELEMATICS MARKET, BY END USER, 2020-2030 ($MILLION)
TABLE 26.EUROPE COMMERCIAL TELEMATICS MARKET, BY SOLUTION TYPE, 2020-2030 ($MILLION)
TABLE 27.EUROPE COMMERCIAL TELEMATICS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 28.EUROPE COMMERCIAL TELEMATICS MARKET, BY END USER, 2020-2030 ($MILLION)
TABLE 29.GERMANY COMMERCIAL TELEMATICS MARKET, BY SOLUTION TYPE, 2020-2030 ($MILLION)
TABLE 30.GERMANY COMMERCIAL TELEMATICS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 31.GERMANY COMMERCIAL TELEMATICS MARKET, BY END USER, 2020-2030 ($MILLION)
TABLE 32.UK COMMERCIAL TELEMATICS MARKET, BY SOLUTION TYPE, 2020-2030 ($MILLION)
TABLE 33.UK COMMERCIAL TELEMATICS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 34.UK COMMERCIAL TELEMATICS MARKET, BY END USER, 2020-2030 ($MILLION)
TABLE 35.FRANCE COMMERCIAL TELEMATICS MARKET, BY SOLUTION TYPE, 2020-2030 ($MILLION)
TABLE 36.FRANCE COMMERCIAL TELEMATICS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 37.FRANCE COMMERCIAL TELEMATICS MARKET, BY END USER, 2020-2030 ($MILLION)
TABLE 38.ITALY COMMERCIAL TELEMATICS MARKET, BY SOLUTION TYPE, 2020-2030 ($MILLION)
TABLE 39.ITALY COMMERCIAL TELEMATICS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 40.ITALY COMMERCIAL TELEMATICS MARKET, BY END USER, 2020-2030 ($MILLION)
TABLE 41.RUSSIA COMMERCIAL TELEMATICS MARKET, BY SOLUTION TYPE, 2020-2030 ($MILLION)
TABLE 42.RUSSIA COMMERCIAL TELEMATICS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 43.RUSSIA COMMERCIAL TELEMATICS MARKET, BY END USER, 2020-2030 ($MILLION)
TABLE 44.REST OF EUROPE COMMERCIAL TELEMATICS MARKET, BY SOLUTION TYPE, 2020-2030 ($MILLION)
TABLE 45.REST OF EUROPE COMMERCIAL TELEMATICS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 46.REST OF EUROPE COMMERCIAL TELEMATICS MARKET, BY END USER, 2020-2030 ($MILLION)
TABLE 47.ASIA-PACIFIC COMMERCIAL TELEMATICS MARKET, BY SOLUTION TYPE, 2020-2030 ($MILLION)
TABLE 48.ASIA-PACIFIC COMMERCIAL TELEMATICS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 49.ASIA-PACIFIC COMMERCIAL TELEMATICS MARKET, BY END USER, 2020-2030 ($MILLION)
TABLE 50.CHINA COMMERCIAL TELEMATICS MARKET, BY SOLUTION TYPE, 2020-2030 ($MILLION)
TABLE 51.CHINA COMMERCIAL TELEMATICS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 52.CHINA COMMERCIAL TELEMATICS MARKET, BY END USER, 2020-2030 ($MILLION)
TABLE 53.JAPAN COMMERCIAL TELEMATICS MARKET, BY SOLUTION TYPE, 2020-2030 ($MILLION)
TABLE 54.JAPAN COMMERCIAL TELEMATICS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 55.JAPAN COMMERCIAL TELEMATICS MARKET, BY END USER, 2020-2030 ($MILLION)
TABLE 56.INDIA COMMERCIAL TELEMATICS MARKET, BY SOLUTION TYPE, 2020-2030 ($MILLION)
TABLE 57.INDIA COMMERCIAL TELEMATICS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 58.INDIA COMMERCIAL TELEMATICS MARKET, BY END USER, 2020-2030 ($MILLION)
TABLE 59.SOUTH KOREA COMMERCIAL TELEMATICS MARKET, BY SOLUTION TYPE, 2020-2030 ($MILLION)
TABLE 60.SOUTH KOREA COMMERCIAL TELEMATICS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 61.SOUTH KOREA COMMERCIAL TELEMATICS MARKET, BY END USER, 2020-2030 ($MILLION)
TABLE 62.REST OF ASIA-PACIFIC COMMERCIAL TELEMATICS MARKET, BY SOLUTION TYPE, 2020-2030 ($MILLION)
TABLE 63.REST OF ASIA-PACIFIC COMMERCIAL TELEMATICS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 64.REST OF ASIA-PACIFIC COMMERCIAL TELEMATICS MARKET, BY END USER, 2020-2030 ($MILLION)
TABLE 65.LAMEA COMMERCIAL TELEMATICS MARKET, BY SOLUTION TYPE, 2020-2030 ($MILLION)
TABLE 66.LAMEA COMMERCIAL TELEMATICS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 67.LAMEA COMMERCIAL TELEMATICS MARKET, BY END USER, 2020-2030 ($MILLION)
TABLE 68.LATIN AMERICA COMMERCIAL TELEMATICS MARKET, BY SOLUTION TYPE, 2020-2030 ($MILLION)
TABLE 69.LATIN AMERICA COMMERCIAL TELEMATICS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 70.LATIN AMERICA COMMERCIAL TELEMATICS MARKET, BY END USER, 2020-2030 ($MILLION)
TABLE 71.MIDDLE EAST COMMERCIAL TELEMATICS MARKET, BY SOLUTION TYPE, 2020-2030 ($MILLION)
TABLE 72.MIDDLE EAST COMMERCIAL TELEMATICS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 73.MIDDLE EAST COMMERCIAL TELEMATICS MARKET, BY END USER, 2020-2030 ($MILLION)
TABLE 74.AFRICA COMMERCIAL TELEMATICS MARKET, BY SOLUTION TYPE, 2020-2030 ($MILLION)
TABLE 75.AFRICA COMMERCIAL TELEMATICS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 76.AFRICA COMMERCIAL TELEMATICS MARKET, BY END USER, 2020-2030 ($MILLION)
TABLE 77.CONTINENTAL AG: KEY EXECUTIVES
TABLE 78.CONTINENTAL AG: COMPANY SNAPSHOT
TABLE 79.CONTINENTAL AG: OPERATING SEGMENTS
TABLE 80.CONTINENTAL AG: PRODUCT PORTFOLIO
TABLE 81.CONTINENTAL AG: R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 82.CONTINENTAL AG: NET SALES, 2018–2020 ($MILLION)
TABLE 83.DAIMLER AG : KEY EXECUTIVES
TABLE 84.DAIMLER AG: COMPANY SNAPSHOT
TABLE 85.DAIMLER AG: OPERATING SEGMENTS
TABLE 86.DAIMLER AG: PRODUCT PORTFOLIO
TABLE 87.DAIMLER AG: R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 88.DAIMLER AG: NET SALES, 2018–2020 ($MILLION)
TABLE 89.FLEET COMPLETE: KEY EXECUTIVES
TABLE 90.FLEET COMPLETE: COMPANY SNAPSHOT
TABLE 91.FLEET COMPLETE: PRODUCT PORTFOLIO
TABLE 92.GEOTAB INC.:KEY EXECUTIVES
TABLE 93.GEOTAB INC.: COMPANY SNAPSHOT
TABLE 94.GEOTAB INC.: PRODUCT PORTFOLIO
TABLE 95.KAROOOOO LTD.: KEY EXECUTIVES
TABLE 96.KAROOOOO LTD.: COMPANY SNAPSHOT
TABLE 97.KAROOOOO LTD.: OPERATING SEGMENTS
TABLE 98.KAROOOOO LTD.: PRODUCT PORTFOLIO
TABLE 99.KAROOOOO LTD.: R&D EXPENDITURE, 2019–2021 ($MILLION)
TABLE 100.KAROOOOO LTD.: NET SALES, 2019–2021 ($MILLION)
TABLE 101.KAROOOOO LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 102.MICHELIN: KEY EXECUTIVES
TABLE 103.MICHELIN: COMPANY SNAPSHOT
TABLE 104.MICHELIN: OPERATING SEGMENTS
TABLE 105.MICHELIN: PRODUCT PORTFOLIO
TABLE 106.MICHELIN: R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 107.MICHELIN: NET SALES, 2018–2020 ($MILLION)
TABLE 108.MICROLISE LIMITED: KEY EXECUTIVE
TABLE 109.MICROLISE LIMITED: COMPANY SNAPSHOT
TABLE 110.MICROLISE LIMITED: PRODUCT PORTFOLIO
TABLE 111.MIX TELEMATICS:KEY EXECUTIVES
TABLE 112.MIX TELEMATICS: COMPANY SNAPSHOT
TABLE 113.MIX TELEMATICS: OPERATING SEGMENTS
TABLE 114.MIX TELEMATICS: PRODUCT PORTFOLIO
TABLE 115.MIX TELEMATICS: R&D EXPENDITURE, 2019–2021 ($MILLION)
TABLE 116.MIX TELEMATICS: NET SALES, 2019–2021 ($MILLION)
TABLE 117.NAVISTAR, INC.: KEY EXECUTIVE
TABLE 118.NAVISTAR, INC.: COMPANY SNAPSHOT
TABLE 119.NAVISTAR, INC.: OPERATING SEGMENTS
TABLE 120.NAVISTAR, INC.: PRODUCT PORTFOLIO
TABLE 121.NAVISTAR, INC.: NET SALES, 2018–2020 ($MILLION)
TABLE 122.SOLERA HOLDINGS, INC.: KEY EXECUTIVE
TABLE 123.SOLERA HOLDINGS, INC.: COMPANY SNAPSHOT
TABLE 124.SOLERA HOLDINGS, INC.: PRODUCT PORTFOLIO
TABLE 125.TRIMBLE INC.: KEY EXECUTIVE
TABLE 126.TRIMBLE INC.: COMPANY SNAPSHOT
TABLE 127.TRIMBLE INC.: OPERATING SEGMENTS
TABLE 128.TRIMBLE INC.: PRODUCT PORTFOLIO
TABLE 129.TRIMBLE INC.: R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 130.TRIMBLE INC.: NET SALES, 2018–2020 ($MILLION)
TABLE 131.VERIZON COMMUNICATIONS INC.: KEY EXECUTIVE
TABLE 132.VERIZON COMMUNICATIONS INC.: COMPANY SNAPSHOT
TABLE 133.VERIZON COMMUNICATIONS INC.: OPERATING SEGMENTS
TABLE 134.VERIZON COMMUNICATIONS INC.: PRODUCT PORTFOLIO
TABLE 135.VERIZON COMMUNICATIONS INC.: NET SALES, 2018–2020 ($MILLION)
TABLE 136.VONTIER CORPORATION: KEY EXECUTIVES
TABLE 137.VONTIER CORPORATION: COMPANY SNAPSHOT
TABLE 138.VONTIER CORPORATION: PRODUCT PORTFOLIO
TABLE 139.VONTIER CORPORATION: R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 140.VONTIER CORPORATION: NET SALES, 2018–2020 ($MILLION)

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.EXECUTIVE SUMMARY
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.TOP WINNING STRATEGIES, BY YEAR, 2018–2021*
FIGURE 07.TOP WINNING STRATEGIES, BY YEAR, 2018–2021*
FIGURE 08.TOP WINNING STRATEGIES, BY COMPANY, 2018–2021*
FIGURE 09.BARGAINING POWER OF SUPPLIERS
FIGURE 10.THREAT OF NEW ENTRANTS
FIGURE 11.MODERATE THREAT OF SUBSTITUTES
FIGURE 12.HIGH-TO-MODERATE INTENSITY OF RIVALRY
FIGURE 13.HIGH-TO-MODERATE BARGAINING POWER OF BUYERS
FIGURE 14.MARKET PLAYER POSITIONING, 2020
FIGURE 15.COMMERCIAL TELEMATICS MARKET: USE CASE
FIGURE 16.TELEMATICS/CONNECTED DEVICES PRODUCT PURCHASE JOURNEY
FIGURE 17.GLOBAL COMMERCIAL TELEMATICS MARKET SHARE, BY SOLUTION TYPE, 2020-2030 (%)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF COMMERCIAL TELEMATICS MARKET FOR OEM, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF COMMERCIAL TELEMATICS MARKET FOR AFTERMARKET, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 20.GLOBAL COMMERCIAL TELEMATICS MARKET SHARE, BY APPLICATION, 2020-2030 (%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF COMMERCIAL TELEMATICS MARKET FOR SOLUTIONS, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF COMMERCIAL TELEMATICS MARKET FOR SERVICES,  BY COUNTRY, 2020 & 2030 (%)
FIGURE 23.GLOBAL COMMERCIAL TELEMATICS MARKET SHARE, BY END USER, 2020-2030 (%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF COMMERCIAL TELEMATICS MARKET FOR TRANSPORTATION & LOGISTICS, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 25.COMPARATIVE SHARE ANALYSIS OF COMMERCIAL TELEMATICS MARKET FOR INSURANCE,  BY COUNTRY, 2020 & 2030 (%)
FIGURE 26.COMPARATIVE SHARE ANALYSIS OF COMMERCIAL TELEMATICS MARKET FOR HEALTHCARE,  BY COUNTRY, 2020 & 2030 (%)
FIGURE 27.COMPARATIVE SHARE ANALYSIS OF COMMERCIAL TELEMATICS MARKET FOR MEDIA & ENTERTAINMENT,  BY COUNTRY, 2020 & 2030 (%)
FIGURE 28.COMPARATIVE SHARE ANALYSIS OF COMMERCIAL TELEMATICS MARKET FOR VEHICLE MANUFACTURERS AND DEALERS, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 29.COMPARATIVE SHARE ANALYSIS OF COMMERCIAL TELEMATICS MARKET FOR GOVERNMENT AGENCIES, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 30.COMMERCIAL TELEMATICS MARKET, BY REGION, 2020-2030 (%)
FIGURE 31.COMPARATIVE SHARE ANALYSIS OF COMMERCIAL TELEMATICS MARKET, BY COUNTRY, 2020-2030 (%)
FIGURE 32.U.S. COMMERCIAL TELEMATICS MARKET, 2020-2030 ($MILLION)
FIGURE 33.CANADA COMMERCIAL TELEMATICS MARKET, 2020-2030 ($MILLION)
FIGURE 34.MEXICO COMMERCIAL TELEMATICS MARKET, 2020-2030 ($MILLION)
FIGURE 35.COMPARATIVE SHARE ANALYSIS OF COMMERCIAL TELEMATICS MARKET, BY COUNTRY, 2020-2030 (%)
FIGURE 36.GERMANY COMMERCIAL TELEMATICS MARKET, 2020-2030 ($MILLION)
FIGURE 37.UK COMMERCIAL TELEMATICS MARKET, 2020-2030 ($MILLION)
FIGURE 38.FRANCE COMMERCIAL TELEMATICS MARKET, 2020-2030 ($MILLION)
FIGURE 39.ITALY COMMERCIAL TELEMATICS MARKET, 2020-2030 ($MILLION)
FIGURE 40.RUSSIA COMMERCIAL TELEMATICS MARKET, 2020-2030 ($MILLION)
FIGURE 41.REST OF EUROPE COMMERCIAL TELEMATICS MARKET, 2020-2030 ($MILLION)
FIGURE 42.COMPARATIVE SHARE ANALYSIS OF COMMERCIAL TELEMATICS MARKET, BY COUNTRY, 2020-2030 (%)
FIGURE 43.CHINA COMMERCIAL TELEMATICS MARKET, 2020-2030 ($MILLION)
FIGURE 44.JAPAN COMMERCIAL TELEMATICS MARKET, 2020-2030 ($MILLION)
FIGURE 45.INDIA COMMERCIAL TELEMATICS MARKET, 2020-2030 ($MILLION)
FIGURE 46.SOUTH KOREA COMMERCIAL TELEMATICS MARKET, 2020-2030 ($MILLION)
FIGURE 47.REST OF ASIA-PACIFIC COMMERCIAL TELEMATICS MARKET, 2020-2030 ($MILLION)
FIGURE 48.COMPARATIVE SHARE ANALYSIS OF COMMERCIAL TELEMATICS MARKET, BY COUNTRY, 2020-2030 (%)
FIGURE 49.LATIN AMERICA COMMERCIAL TELEMATICS MARKET, 2020-2030 ($MILLION)
FIGURE 50.MIDDLE EAST COMMERCIAL TELEMATICS MARKET, 2020-2030 ($MILLION)
FIGURE 51.AFRICA COMMERCIAL TELEMATICS MARKET, 2020-2030 ($MILLION)
FIGURE 52.CONTINENTAL AG: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 53.CONTINENTAL AG: NET SALES, 2018–2020 ($MILLION)
FIGURE 54.CONTINENTAL AG: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 55.CONTINENTAL AG: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 56.DAIMLER AG: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 57.DAIMLER AG: NET SALES, 2018–2020 ($MILLION)
FIGURE 58.DAIMLER AG: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 59.DAIMLER AG: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 60.KAROOOOO LTD.: R&D EXPENDITURE, 2019–2021 ($MILLION)
FIGURE 61.KAROOOOO LTD.: NET SALES, 2019–2021 ($MILLION)
FIGURE 62.KAROOOOO LTD.: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 63.MICHELIN: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 64.MICHELIN: NET SALES, 2018–2020 ($MILLION)
FIGURE 65.MICHELIN: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 66.MICHELIN: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 67.MIX TELEMATICS: R&D EXPENDITURE, 2019–2021 ($MILLION)
FIGURE 68.MIX TELEMATICS: NET SALES, 2019–2021 ($MILLION)
FIGURE 69.MIX TELEMATICS: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 70.MIX TELEMATICS: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 71.NAVISTAR, INC.: NET SALES, 2018–2020 ($MILLION)
FIGURE 72.NAVISTAR, INC.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 73.NAVISTAR, INC.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 74.TRIMBLE INC.: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 75.TRIMBLE INC.: NET SALES, 2018–2020 ($MILLION)
FIGURE 76.TRIMBLE INC.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 77.TRIMBLE INC.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 78.VERIZON COMMUNICATIONS INC.: NET SALES, 2018–2020 ($MILLION)
FIGURE 79.VERIZON COMMUNICATIONS INC.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 80.VONTIER CORPORATION: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 81.VONTIER CORPORATION: NET SALES, 2018–2020 ($MILLION)
FIGURE 82.VONTIER CORPORATION: REVENUE SHARE BY REGION, 2020 (%)

 
 

The commercial telematics market is expected to experience significant growth in vehicle embedded technology. This market is in its growth stage and is contributing to a good fraction of revenue for the overall automotive industry. This user-friendly technology has increasingly become popular amidst end users. In addition, rise in awareness among consumers is expected to experience rapid growth during the forecast period. Government regulations for vehicle telematics and rise in trend of connectivity solutions are the factors that fuel the growth of the commercial telematics market. However, threat of data hacking and high installation cost are the factors that hinder the growth of the market.

There is an increase in fleet operations across the globe, owing to the adoption of commercial transportation and other commercial activities, thereby driving the U.S. commercial telematics market. In addition, key companies have focused on product launch and partnership to strengthen their foothold in the market. For instance, Cartrack Holdings Limited updated its Mi-Fleet software to simplify the fleet operation at no additional cost. Verizon Communication Inc. partnered with Gravel Conveyors Inc. to implement Verizon Connect REVEAL fleet management software to reduce costs, improve fleet performance, and other such instances. Moreover, innovative marketing and positioning strategies have influenced the expansion of the commercial telematics market.

The key market players profiled in the report include Mix Telematics, Navistar, Inc., Trimble Inc., Verizon Communications Inc., Vontier Corporation, Fleet Complete, Geotab Inc., Microlise limited, Solera Holdings, Inc., Continental AG, Daimler AG, Karooooo Ltd., Michelin.

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FREQUENTLY ASKED QUESTIONS?
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A. The global commercial telematics market was valued at $3.53 billion in 2020, and is projected to reach $30.05 billion by 2030, registering a CAGR of 24.5% from 2021 to 2030.

A. Ease of vehicle diagnosis and Rise in trend of connectivity solutions with the inetgration advenace technology is foreseen to reinforce the commercial telematics market growth.

A. The sample for global commercial telematics market report can be obtained on demand from the AMR website. Also, the 24*7 chat support and direct call services are provided to procure the sample report.

A. Commercial telematics used by commercial vehicles by the fleet management companies, automobile insurance companies, and others

A. The commercial telematics market has witnessed significant growth in pasr few years. However, Government regulations for vehicle telematics is bolstering the demand for commercial telematicss.

A. The company profiles of the top market players of commercial telematics market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the commercial telematics market.

A. Owing to the growing government regulations for vehicle telematics and rise in trend of connectivity solutions the market for commercial telematics is foreseen to grow considerably

A. Commercial telematics refer to the use of telematics systems in commercial vehicles by the fleet management companies, automobile insurance companies, and others

A. North America region is leading the market presently in terms of revenue and foreseen to grow considerably over the forecast period.

A. Factors such as Government regulations for vehicle telematics and rise in trend of connectivity solutions are the factors that fuel the growth of the commercial telematics market. However, threat of data hacking and high installation cost are the factors that hinder the growth of the market.

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