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Telematics system is not just a new concept for advanced commercial vehicle operators, and is also common enough to find truck fleets decked out with little black boxes. The level of connectivity swirling around trucks, drivers, and the businesses operating them is on the rise, through telematics and other connected systems. Telematics technology is becoming more essential in the trucking industry, and it could soon become the default standard for heavy trucks with hardware integrated, according to the experts at the Technology and Maintenance Council of American Trucking Associations in October event in Philadelphia. To do this, manufacturers must agree on a standard data network so that telematics providers ensure their software functions is in sync with all trucks. The steady expansion of the connected truck market is creating significant opportunities in commercial vehicle telematics for original equipment manufacturers, suppliers, software and analytics companies, dealers, and fleets operator. These solutions are still considered relatively expensive, and fleets have a poor understanding of telematics as part of fleet management solutions; however, the opportunity of converting massive data analytics into actionable solutions is appealing for fleets, OEMs, suppliers, and dealers to ignore.
COVID-19 Impact Analysis
Top Impacting Factors
Ease of vehicle diagnosis, rise in trend of connectivity solutions, and better driver and vehicle safety drive the growth of the market.
Threat of data hacking, and high installation cost is expected to hinder the growth of the market.
Intelligent transportation system act as an opportunity for the market investments.
The Connected Trucks Telematics Market Trends are as Follows:
Rise in Trend of Connectivity Solutions
Threat of Data Hacking
High Installation Cost
Intelligent Transportation System
Key Benefits of the Report:
Questions Answered in the Connected Trucks Telematics Market Research Report:
Connected Trucks Telematics Market Report Highlights
Aspects | Details |
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By Type |
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By Services Type |
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By Vehicle Type |
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By Component Type |
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By Region |
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Key Market Players | OTTO MOTORS, Meritor WABCO, DAF, Peloton Technology, Scania AB, Daimler AG, Trimble, Continental AG., AB Volvo, Bendix Commercial Vehicles Systems LLC |
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