The "Commercial Telematics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global commercial telematics market reached a value of US$ 40.3 Billion in 2020. Looking forward, the publisher expects the global commercial telematics market to exhibit strong growth during the next five years.
Commercial telematics refers to the technological solution used for long-distance transmission of information in commercial automobiles. It is used for monitoring the location and movement of vehicles through global positioning systems (GPS) and on-board diagnostic systems to track vehicle diagnostics. It is also used for monitoring trailers and non-motorized assets and alerting the fleet manager in case of any unauthorized movement. Apart from this, commercial telematics also offers insurance risk assessment, maintenance insights and safety tracking. Insurance providers use this technology to monitor driver behavior that enables them to determine risk factors and adjust insurance policies accordingly.
Significant growth in the transportation industry across the globe is one of the key factors creating a positive impact on the market. Furthermore, the widespread adoption of smart transportation systems is stimulating the growth of the market. Due to the increasing utilization of digital devices, such as smartphones, laptops and tablets, automobile manufacturers are integrating sophisticated connectivity solutions to provide more accurate insights about the vehicles. These solutions also aid in improving vehicle efficiency, facilitating smart routing and tracking, providing on-road assistance and enhancing the driver's overall experience.
Additionally, various technological advancements, such as the development of open-source frameworks for commercial telematics, are acting as other growth-inducing factors. For instance, Next-Generation Telematics Protocol (NGTP) is a technology-neutral system that is designed to conveniently integrate back-end components and make technical adjustments in commercial vehicles. Other factors, including the implementation of favorable government policies to mandate commercial vehicle tracking, along with the development of video-based telematics, are anticipated to drive the market further.
General Motors Company
Masternaut Limited. (Michelin)
Mix Telematics International (Pty) Ltd.
Verizon Communications Inc
Zonar Systems Inc. (Continental AG)
Key Questions Answered in This Report:
How has the global commercial telematics market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global commercial telematics market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the system type?
What is the breakup of the market based on the provider type?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global commercial telematics market and who are the key players?
What is the degree of competition in the industry?
Key Topics Covered:
2 Scope and Methodology
2.1 Objectives of the Study
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Commercial Telematics Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6. Market Breakup by Type
6.1.1 Market Trends
6.1.2 Major Types
18.104.22.168 Fleet Tracking and Monitoring
22.214.171.124 Driver Management
126.96.36.199 Insurance Telematics
188.8.131.52 Safety and Compliance
184.108.40.206 V2X Solutions
6.1.3 Market Forecast
6.2.1 Market Trends
6.2.2 Major Types
220.127.116.11 Professional services
18.104.22.168 Managed services
6.2.3 Market Forecast
7 Market Breakup by System Type
7.1.1 Market Trends
7.1.2 Market Forecast
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Smartphone Integrated
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Provider Type
8.1.1 Market Trends
8.1.2 Market Forecast
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by End Use Industry
9.1 Transportation and Logistics
9.2 Media and Entertainment
9.3 Government and Utilities
9.4 Travel and Tourism
10 Market Breakup by Region
10.1 North America
10.2 Asia Pacific
10.4 Latin America
10.5 Middle East and Africa
11 SWOT Analysis
12 Value Chain Analysis
13 Porters Five Forces Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/bqytsw
View source version on businesswire.com: https://www.businesswire.com/news/home/20210421005609/en/
Laura Wood, Senior Press Manager
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