Commercial Telematics Market - Global Industry Analysis

Commercial Telematics Market By Type (OEM Telematics and Aftermarket Telematics), By Application (Insurance Telematics, Fleet / Asset Management, Satellite Navigation, Infotainment, Remote Alarm and Monitoring, Telehealth Solutions), By End User (Healthcare , Construction, Transportation and Logistics, Government and Utilities, and Insurance) : Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 05-May-2021 Category: Technology & Media Report Format : PDF Pages: 140 Report Code: ZMR-69 Status : Published

The global commercial telematics market accounted for USD 39 Billion in 2020 and is expected to reach USD 108 Billion by 2028, growing at a CAGR of 13.9% from 2021 to 2028.

Description

Market Overview

The global commercial telematics market accounted for USD 39 Billion in 2020 and is expected to reach USD 108 Billion by 2028, growing at a CAGR of 13.9% from 2021 to 2028.

Telematics is a field that combines telecommunications with vehicle technologies and information technology. Telematics is generally referred to as joining of telecommunications and computer systems. Telematics has been increasingly used for integrating various computer-based systems for increasing operational efficiency. Telematics is also being utilized in integrating data from Global Positioning System (GPS) with various data collection systems.

Commercial telematics is referred to as telematics technology used by commercial fleets and fleet managements companies for transmission of information over a long distance. Commercial telematics is becoming a popular among automotive manufacturers as it helps in wireless communication and easy data transfer. Commercial telematics also helps in vehicle safety, interchanging safety information, receiving vehicle maintenance data, and fleet productivity. It helps companies in reducing overall fuel costs, planning destination, monitor driver behavior, help in maintenance, and increase driver safety.

COVID-19 Impact Analysis

Global automotive industry sector has been significantly affected by the global COVID-19 pandemic around the world. There has been drastic decrease in commercial as well as passenger vehicles sales owing to closure of car showrooms and vehicle dealerships. Such closures have been caused by government restrictions on travel and trade globally. Such norms have also affected the global automotive manufacturing industry during the pandemic. Further, trade restrictions have also hampered the global supply chain, transportation, and logistics industry worldwide. Decrease in transportation and logistics has hindered the adoption of connectivity solutions by fleet management and transportation and logistics companies, which should affect the global commercial telematics market growth. Further, lack of availability of raw materials and technology around the world should also decrease the global commercial telematics market growth.

Growth Factors

Transportation and logistics by road has increased in recent years owing to growth in trade on global, regional, and country levels, which has been proliferating the demand for transportation by road. Fleet owners have been emphasizing on meet new market demands such as fast, reliable, and safe product transportation. Such trend has influenced fleet managers to adopt new technologies to ensure effective and safe logistic support, which has been a key growth fueling factor for the global commercial telematics market growth.

Global telematics industry has experienced significant growth as there has been increasing adoption of various communication technologies by vehicles manufacturers for data collection and analyzing. Automotive companies are focusing on adopting telematics for exchanging information at large distances and offering enhanced safety. This trend is anticipated to generate opportunities for the global commercial telematics market. Further, rise of data analytics and advanced computing technologies are expected to extend capabilities of telematics in vehicle management applications, which may drive the global commercial telematics market in the future.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Type Segment Analysis Preview

Depending upon types of commercial telematics, the OEM telematics segment held a major share in the global commercial telematics market in 2020. Automotive companies are introducing new technologies in their newly developed vehicles extending product capabilities of fleets. Adoption of advance technologies by vehicle manufacturers for ensuring lower fuel cost, effective management, and improving data-based decision-making abilities should increase in the OEM commercial telematics market growth. Further, rising investment in emerging technologies by companies is also expected to generate avenues for the market growth.

Aftermarket commercial telematics segment is anticipated to grow significantly over the projected period, registering a CAGR of 14.5% over the period 2021-2028. Growing trend of fleet upgrading and modification is likely to trigger integration of new technologies in old fleet systems. Consumers with fleet in good condition may opt for integration of existing components with commercial telematics. Such a trend should also drive the aftermarket commercial telematics market.

Application Segment Analysis Preview

Based on applications, the satellite navigation segment is anticipated to record highest CAGR of nearly 15.0% in the future. Commercial telematics and GPS can be combined to access precise location and safety maintenance information of a fleet. Commercial telematics navigation has gained traction among fleet managers for tracking vehicle through cellular networks and get real time access. Such trends in the fleet management is expected to trigger the use of telematics for satellite navigation applications.

End User Segment Analysis Preview

Based on end users, the transportation and logistics segment is likely to constitute largest market share in the global commercial telematics market in 2020. Transportation and logistics companies have been extensively focusing on reducing operational costs, maintaining vehicle safety, and monitoring driver health and behavior. Such trend has bolstered the demand for advance technologies that can offer real time data for tracking, which should create growth opportunities for commercial telematics in transportation and logistics market.

Regional Analysis Preview

North America region dominated the global commercial telematics market in 2020. Advancements in telematics and development of new communication technologies have lured companies to utilized such technologies to extend their product abilities in offering real time data exchange and collections. This should boost the North America commercial telematics market. Also, presence of major companies that provide integration and development services is expected to attract fleet owners, which should generate new growth avenues for the market.

Key Market Players & Competitive Landscape

Some of key players in commercial telematics market are Verizon Communications Inc., AT&T, TomTom, MiX Telematics Ltd., OnStar LLC., BMW, Trimble Navigation Limited, and Telefonica.

The global Commercial Telematics market is segmented as follows:

By Type

  • OEM Telematics
  • Aftermarket Telematics

By Application

  • Insurance Telematics
  • Fleet / Asset Management
  • Satellite Navigation
  • Infotainment
  • Remote Alarm and Monitoring
  • Telehealth Solutions

By End User Type

  • Healthcare
  • Construction
  • Transportation and Logistics
  • Government and Utilities

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Type
        • 2.1.1.2. Market Attractiveness Analysis, By Application
        • 2.1.1.3. Market Attractiveness Analysis, By Application
        • 2.1.1.4. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Commercial Telematics Market, 2016 – 2028 (USD Million)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Commercial Telematics Market – Type Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Type, 2020 & 2028
    • 4.2. OEM Telematics
      • 4.2.1. Market Size and Forecast, By Region (USD Million)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Aftermarket Telematics
      • 4.3.1. Market Size and Forecast, By Region (USD Million)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Commercial Telematics Market – Application Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 5.2. Insurance Telematics
      • 5.2.1. Market Size and Forecast, By Region (USD Million)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Fleet / Asset Management
      • 5.3.1. Market Size and Forecast, By Region (USD Million)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Satellite Navigation
      • 5.4.1. Market Size and Forecast, By Region (USD Million)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5 Infotainment
      • 5.5.1. Market Size and Forecast, By Region (USD Million)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
  • 5.6 Remote Alarm and Monitoring
    • 5.6.1. Market Size and Forecast, By Region (USD Million)
    • 5.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.6.3. Key Market Trends, Growth Factors, & Opportunities
  • 5.7 Telehealth Sulutions
    • 5.7.1. Market Size and Forecast, By Region (USD Million)
    • 5.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.7.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 Commercial Telematics Market – End User Segment Analysis
    • 6.1. Overview
      • 6.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 6.2. Healthcare
      • 6.2.1. Market Size and Forecast, By Region (USD Million)
      • 6.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.3. Transportation and Logistics
      • 6.3.1. Market Size and Forecast, By Region (USD Million)
      • 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.4. Construction
      • 6.4.1. Market Size and Forecast, By Region (USD Million)
      • 6.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.5. Government and Utilities
      • 6.5.1. Market Size and Forecast, By Region (USD Million)
      • 6.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.6. Insurance
      • 6.6.1. Market Size and Forecast, By Region (USD Million)
      • 6.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.6.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 7 Commercial Telematics Market – Regional Analysis
    • 7.1. Overview
      • 7.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 7.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
    • 7.2. North America
      • 7.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.2.2. North America Market Revenue, By Type, 2016 – 2028
      • 7.2.3. North America Market Revenue, By Application, 2016 – 2028
      • 7.2.4. North America Market Revenue, By End User, 2016 – 2028
      • 7.2.5. U.S.
        • 7.2.5.1. U.S. Market Revenue, By Type, 2016 – 2028
        • 7.2.5.2. U.S. Market Revenue, By Application, 2016 – 2028
        • 7.2.5.3. U.S. Market Revenue, By End User, 2016 – 2028
      • 7.2.6. Canada
        • 7.2.6.1. Canada Market Revenue, By Type, 2016 – 2028
        • 7.2.6.2. Canada Market Revenue, By Application, 2016 – 2028
        • 7.2.6.3. Canada Market Revenue, By End User, 2016 – 2028
      • 7.2.7. Mexico
        • 7.2.7.1. Mexico Market Revenue, By Type, 2016 – 2028
        • 7.2.7.2. Mexico Market Revenue, By Application, 2016 – 2028
        • 7.2.7.3. Mexico Market Revenue, By End User, 2016 – 2028
    • 7.3. Europe
      • 7.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.3.2. Europe Market Revenue, By Type, 2016 – 2028
      • 7.3.3. Europe Market Revenue, By Application, 2016 – 2028
      • 7.3.4. Europe Market Revenue, By End User, 2016 – 2028
      • 7.3.5. Germany
        • 7.3.5.1. Germany Market Revenue, By Type, 2016 – 2028
        • 7.3.5.2. Germany Market Revenue, By Application, 2016 – 2028
        • 7.3.5.3. Germany Market Revenue, By End User, 2016 – 2028
      • 7.3.6. France
        • 7.3.6.1. France Market Revenue, By Type, 2016 – 2028
        • 7.3.6.2. France Market Revenue, By Application, 2016 – 2028
        • 7.3.6.3. France Market Revenue, By End User, 2016 – 2028
      • 7.3.7. U.K.
        • 7.3.7.1. U.K. Market Revenue, By Type, 2016 – 2028
        • 7.3.7.2. U.K. Market Revenue, By Application, 2016 – 2028
        • 7.3.7.3. U.K. Market Revenue, By End User, 2016 – 2028
      • 7.3.8. Italy
        • 7.3.8.1. Italy Market Revenue, By Type, 2016 – 2028
        • 7.3.8.2. Italy Market Revenue, By Application, 2016 – 2028
        • 7.3.8.3. Italy Market Revenue, By End User, 2016 – 2028
      • 7.3.9. Spain
        • 7.3.9.1. Spain Market Revenue, By Type, 2016 – 2028
        • 7.3.9.2. Spain Market Revenue, By Application, 2016 – 2028
        • 7.3.9.3. Spain Market Revenue, By End User, 2016 – 2028
      • 7.3.10. Rest of Europe
        • 7.3.10.1. Rest of Europe Market Revenue, By Type, 2016 – 2028
        • 7.3.10.2. Rest of Europe Market Revenue, By Application, 2016 – 2028
        • 7.3.10.3. Rest of Europe Market Revenue, By End User, 2016 – 2028
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.4.2. Asia Pacific Market Revenue, By Type, 2016 – 2028
      • 7.4.3. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 7.4.4. Asia Pacific Market Revenue, By End User, 2016 – 2028
      • 7.4.5. China
        • 7.4.5.1. China Market Revenue, By Type, 2016 – 2028
        • 7.4.5.2. China Market Revenue, By Application, 2016 – 2028
        • 7.4.5.3. China Market Revenue, By End User, 2016 – 2028
      • 7.4.6. Japan
        • 7.4.6.1. Japan Market Revenue, By Type, 2016 – 2028
        • 7.4.6.2. Japan Market Revenue, By Application, 2016 – 2028
        • 7.4.6.3. Japan Market Revenue, By End User, 2016 – 2028
      • 7.4.7. India
        • 7.4.7.1. India Market Revenue, By Type, 2016 – 2028
        • 7.4.7.2. India Market Revenue, By Application, 2016 – 2028
        • 7.4.7.3. India Market Revenue, By End User, 2016 – 2028
      • 7.4.8. South Korea
        • 7.4.8.1. South Korea Market Revenue, By Type, 2016 – 2028
        • 7.4.8.2. South Korea Market Revenue, By Application, 2016 – 2028
        • 7.4.8.3. South Korea Market Revenue, By End User, 2016 – 2028
      • 7.4.9. South-East Asia
        • 7.4.9.1. South-East Asia Market Revenue, By Type, 2016 – 2028
        • 7.4.9.2. South-East Asia Market Revenue, By Application, 2016 – 2028
        • 7.4.9.3. South-East Asia Market Revenue, By End User, 2016 – 2028
      • 7.4.10. Rest of Asia Pacific
        • 7.4.10.1. Rest of Asia Pacific Market Revenue, By Type, 2016 – 2028
        • 7.4.10.2. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
        • 7.4.10.3. Rest of Asia Pacific Market Revenue, By End User, 2016 – 2028
    • 7.5. Latin America
      • 7.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.5.2. Latin America Market Revenue, By Type, 2016 – 2028
      • 7.5.3. Latin America Market Revenue, By Application, 2016 – 2028
      • 7.5.4. Latin America Market Revenue, By End User, 2016 – 2028
      • 7.5.5. Brazil
        • 7.5.5.1. Brazil Market Revenue, By Type, 2016 – 2028
        • 7.5.5.2. Brazil Market Revenue, By Application, 2016 – 2028
        • 7.5.5.3. Brazil Market Revenue, By End User, 2016 – 2028
      • 7.5.6. Argentina
        • 7.5.6.1. Argentina Market Revenue, By Type, 2016 – 2028
        • 7.5.6.2. Argentina Market Revenue, By Application, 2016 – 2028
        • 7.5.6.3. Argentina Market Revenue, By End User, 2016 – 2028
      • 7.5.7. Rest of Latin America
        • 7.5.7.1. Rest of Latin America Market Revenue, By Type, 2016 – 2028
        • 7.5.7.2. Rest of Latin America Market Revenue, By Application, 2016 – 2028
        • 7.5.7.3. Rest of Latin America Market Revenue, By End User, 2016 – 2028
    • 7.6. The Middle-East and Africa
      • 7.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.6.2. The Middle-East and Africa Market Revenue, By Type, 2016 – 2028
      • 7.6.3. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
      • 7.6.4. The Middle-East and Africa Market Revenue, By End User, 2016 – 2028
      • 7.6.5. GCC Countries
        • 7.6.5.1. GCC Countries Market Revenue, By Type, 2016 – 2028
        • 7.6.5.2. GCC Countries Market Revenue, By Application, 2016 – 2028
        • 7.6.5.3. GCC Countries Market Revenue, By End User, 2016 – 2028
      • 7.6.6. South Africa
        • 7.6.6.1. South Africa Market Revenue, By Type, 2016 – 2028
        • 7.6.6.2. South Africa Market Revenue, By Application, 2016 – 2028
        • 7.6.6.3. South Africa Market Revenue, By End User, 2016 – 2028
      • 7.6.7. Rest of Middle-East Africa
        • 7.6.7.1. Rest of Middle-East Africa Market Revenue, By Type, 2016 – 2028
        • 7.6.7.2. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
        • 7.6.7.3. Rest of Middle-East Africa Market Revenue, By End User, 2016 – 2028
  • Chapter No. 8 Commercial Telematics Market – Industry Analysis
    • 8.1. Introduction
    • 8.2. Market Drivers
      • 8.2.1. Driving Factor 1 Analysis
      • 8.2.2. Driving Factor 2 Analysis
    • 8.3. Market Restraints
      • 8.3.1. Restraining Factor Analysis
    • 8.4. Market Opportunities
      • 8.4.1. Market Opportunity Analysis
    • 8.5. Porter’s Five Forces Analysis
    • 8.6. PEST Analysis
    • 8.7. Regulatory Landscape
    • 8.8. Technology Landscape
    • 8.9. Regional Market Trends
      • 8.9.1. North America
      • 8.9.2. Europe
      • 8.9.3. Asia Pacific
      • 8.9.4. Latin America
      • 8.9.5. The Middle-East and Africa
    • 8.10. Pricing Analysis
    • 8.11. Value Chain Analysis
    • 8.12. Downstream Buyers
    • 8.13. Distributors/Traders List
  • Chapter No. 9 Competitive Landscape
    • 9.1. Company Market Share Analysis – 2019
      • 9.1.1. Global Commercial Telematics Market: Company Market Share, 2019
      • 9.1.2. Global Commercial Telematics Market, Company Market Revenue, 2016 – 2019 (USD Million)
      • 9.1.3. Global Commercial Telematics Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 9.1.4. Global Commercial Telematics Market: Radar Determinant Chart, 2019
    • 9.2. Strategic Developments
      • 9.2.1. Acquisitions & Mergers
      • 9.2.2. New Product Launch
      • 9.2.3. Regional Expansion
    • 9.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 10 Company Profiles
    • 10.1. Verizon Communications Inc.
      • 10.1.1. Company Overview
      • 10.1.2. Key Executives
      • 10.1.3. Product Portfolio
      • 10.1.4. Financial Overview
      • 10.1.5. Operating Business Segments
      • 10.1.6. Business Performance
      • 10.1.7. Recent Developments
    • 10.2. AT&T
    • 10.3. TomTom
    • 10.4. MiX Telematics Ltd.
    • 10.5. OnStar LLC.
    • 10.6. BMW
    • 10.7. Trimble Navigation Limited
    • 10.8. Telefonica
  • Chapter No. 11 Marketing Strategy Analysis
    • 11.1. Marketing Channel
    • 11.2. Direct Marketing
    • 11.3. Indirect Marketing
    • 11.4. Marketing Channel Development Trends
    • 11.5. Economic/Pulitical Environmental Change
  • Chapter No. 12 Research Methodology
    • 12.1. Research Methodology
    • 12.2. Phase I - Secondary Research
    • 12.3. Phase II - Data Modeling
      • 12.3.1. Company Share Analysis Model
      • 12.3.2. Revenue Based Modeling
    • 12.4. Phase III - Primary Research
    • 12.5. Research Limitations
      • 12.5.1. Assumptions

Table Of Figures

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Type
FIG NO. 2. Market Attractiveness Analysis, By Application
FIG NO. 3. Market Attractiveness Analysis, By End User
FIG NO. 4. Market Attractiveness Analysis, By Region
FIG NO. 5. Global Commercial Telematics Market Revenue, 2016 – 2028 (USD Million)
FIG NO. 6. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 7. Market Revenue Share, By Type, 2020 & 2028
FIG NO. 8. Global Commercial Telematics Market for OEM Telematics, Revenue (USD Million) 2016 – 2028
FIG NO. 9. Comparative Revenue Analysis of Commercial Telematics Market for OEM Telematics, By Country, 2020 & 2028
FIG NO. 10. Global Commercial Telematics Market for Aftermarket Telematics, Revenue (USD Million) 2016 – 2028
FIG NO. 11. Comparative Revenue Analysis of Commercial Telematics Market for Aftermarket Telematics, By Country, 2020 & 2028
FIG NO. 12. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 13. Global Commercial Telematics Market for Insurance Telematics, Revenue (USD Million) 2016 – 2028
FIG NO. 14. Comparative Revenue Analysis of Commercial Telematics Market for Insurance Telematics, By Country, 2020 & 2028
FIG NO. 15. Global Commercial Telematics Market for Fleet / Asset Management, Revenue (USD Million) 2016 – 2028
FIG NO. 16. Comparative Revenue Analysis of Commercial Telematics Market for Fleet / Asset Management, By Country, 2020 & 2028
FIG NO. 17. Global Commercial Telematics Market for Satellite Navigation, Revenue (USD Million) 2016 – 2028
FIG NO. 18. Comparative Revenue Analysis of Commercial Telematics Market for Satellite Navigation, By Country, 2020 & 2028
FIG NO. 19. Global Commercial Telematics Market for Infotainment, Revenue (USD Million) 2016 – 2028
FIG NO. 20. Comparative Revenue Analysis of Commercial Telematics Market for Infotainment, By Country, 2020 & 2028
FIG NO. 21. Global Commercial Telematics Market for Remote Alarm and Monitoring, Revenue (USD Million) 2016 – 2028
FIG NO. 22. Comparative Revenue Analysis of Commercial Telematics Market for Remote Alarm and Monitoring, By Country, 2020 & 2028
FIG NO. 23. Global Commercial Telematics Market for Telehealth Solutions, Revenue (USD Million) 2016 – 2028
FIG NO. 24. Comparative Revenue Analysis of Commercial Telematics Market for Telehealth Solutions, By Country, 2020 & 2028
FIG NO. 25. Market Revenue Share, By End User, 2020 & 2028
FIG NO. 36. Global Commercial Telematics Market for Healthcare , Revenue (USD Million) 2016 – 2028
FIG NO. 27. Comparative Revenue Analysis of Commercial Telematics Market for Healthcare , By Country, 2020 & 2028
FIG NO. 28. Global Commercial Telematics Market for Transportation and Logistics, Revenue (USD Million) 2016 – 2028
FIG NO. 29. Comparative Revenue Analysis of Commercial Telematics Market for Transportation and Logistics, By Country, 2020 & 2028
FIG NO. 30. Global Commercial Telematics Market for Government and Utilities, Revenue (USD Million) 2016 – 2028
FIG NO. 31. Comparative Revenue Analysis of Commercial Telematics Market for Government and Utilities, By Country, 2020 & 2028
FIG NO. 32. Global Commercial Telematics Market for Insurance, Revenue (USD Million) 2016 – 2028
FIG NO. 33. Comparative Revenue Analysis of Commercial Telematics Market for Insurance, By Country, 2020 & 2028
FIG NO. 34. Global Commercial Telematics Market Revenue Share, By Region, 2020 & 2028
FIG NO. 35. North America Commercial Telematics Market Revenue, 2016 - 2028 (USD Million)
FIG NO. 36. Porter’s Five Forces Analysis for Global Commercial Telematics Market
FIG NO. 37. PEST Analysis for Global Commercial Telematics Market
FIG NO. 38. Pricing Analysis for Global Commercial Telematics Market
FIG NO. 39. Value Chain Analysis for Global Commercial Telematics Market
FIG NO. 40. Company Share Analysis, 2019
FIG NO. 41. Radar Determinant Chart, 2019
FIG NO. 42. Company Strategic Developments – Heat Map Analysis
FIG NO. 43. Verizon Communications Inc. Business Segment Revenue Share, 2020 (%)
FIG NO. 44. Verizon Communications Inc. Geographical Segment Revenue Share, 2020 (%)
FIG NO. 45. Market Channels
FIG NO. 46. Marketing Channel Development Trend
FIG NO. 47. Growth in World Gross Product, 2008-2018
FIG NO. 48. Research Methodology – Detailed View
FIG NO. 49. Research Methodology
 


Table Of Tables

List of Tables 

TABLE NO. 1. Global Commercial Telematics Market: Snapshot
TABLE NO. 2. Quarterly Commercial Telematics Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Commercial Telematics Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 6. Global Commercial Telematics Market for OEM Telematics, by Region, 2016 – 2028 (USD Million)
TABLE NO. 7. Global Commercial Telematics Market for Aftermarket Telematics, by Region, 2016 – 2028 (USD Million)
TABLE NO. 8. Global Commercial Telematics Market for Insurance Telematics, by Region, 2016 – 2028 (USD Million)
TABLE NO. 9. Global Commercial Telematics Market for Fleet / Asset Management, by Region, 2016 – 2028 (USD Million)
TABLE NO. 10. Global Commercial Telematics Market for Satellite Navigation, by Region, 2016 – 2028 (USD Million)
TABLE NO. 11. Global Commercial Telematics Market for Infotainment, by Region, 2016 – 2028 (USD Million)
TABLE NO. 12. Global Commercial Telematics Market for Healthcare, by Region, 2016 – 2028 (USD Million)
TABLE NO. 13. Global Commercial Telematics Market for Transportation and Logistics, by Region, 2016 – 2028 (USD Million)
TABLE NO. 14. Global Commercial Telematics Market for Construction, by Region, 2016 – 2028 (USD Million)
TABLE NO. 15. Global Commercial Telematics Market for Insurance, by Region, 2016 – 2028 (USD Million)
TABLE NO. 16. Global Commercial Telematics Market Revenue, By Region, 2016 – 2028 (USD Million)
TABLE NO. 17. North America Commercial Telematics Market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 18. North America Commercial Telematics Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 19. North America Commercial Telematics Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 20. North America Commercial Telematics Market Revenue, By End User, 2016 – 2028 (USD Million)
TABLE NO. 21. U.S. Commercial Telematics Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 22. U.S. Commercial Telematics Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 23. U.S. Commercial Telematics Market Revenue, By End User, 2016 – 2028 (USD Million)
TABLE NO. 24. Canada Commercial Telematics Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 25. Canada Commercial Telematics Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 26. Canada Commercial Telematics Market Revenue, By End User, 2016 – 2028 (USD Million)
TABLE NO. 27. Mexico Commercial Telematics Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 28. Mexico Commercial Telematics Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 29. Mexico Commercial Telematics Market Revenue, By End User, 2016 – 2028 (USD Million)
TABLE NO. 30. Drivers for the Commercial Telematics Market: Impact Analysis
TABLE NO. 31. Restraints for the Commercial Telematics Market: Impact Analysis
TABLE NO. 32. Major Buyers of Commercial Telematics
TABLE NO. 33. Distributors/Traders List of Commercial Telematics
TABLE NO. 34. Global Commercial Telematics Market, Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 35. Global Commercial Telematics Market, Company Y-o-Y Growth, 2017 – 2019 (USD Million)
 

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Commercial Telematics market. Zion Research has collected and analyzed key data belong to the global Commercial Telematics market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Commercial Telematics across the world has been calculated through primary and secondary research.

Zion Research employs a combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the Commercial Telematics industry. Primary research makes up a major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Commercial Telematics market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Telemetric is an interdisciplinary field that includes telecommunications, vehicular technologies, road transportation, road safety, electrical engineering and computer science. Commercial telematics market includes the telematics used by the light, medium and heavy commercial vehicles. Commercial telematics is preferably used in a variety of applications such as infotainment, insurance telematics, fleet/asset management, satellite navigation, telehealth solutions, and others like including emergency warning systems. OEM telematics and aftermarket telematics are two main types of commercial telematics.

The global commercial telematics market is mainly driven by the increasing demand for connectivity, helping government rules & regulations and increasing application across various industries, mainly in the healthcare and insurance sector. Increasing market penetration of smart phones, reducing connectivity cost, accessibility of high-speed internet technologies is another driving factor that is expected to boost the commercial telematics market during the years to come. However, a high initial cost concerned in deploying telematics technology and lack of awareness is a major restraint that may slow down the growth of commercial telematics market. Furthermore, increasing digital insurance and integration of web & mobility is likely to open new opportunities for commercial telematics market in near future.

Global Commercial Telematics Market

Based on types of commercial telematics, the market is segmented into OEM telematics and aftermarket telematics. Among two, the OEM telematics was one of the leading segment and it accounted for significant share of entire global commercial telematics market in 2015. Aftermarket telematics was another key outlet for embedded system market which is accounted for over 58% share of the total market.

A range of application segments of commercial telematics market includes insurance telematics, fleet / asset management, satellite navigation, infotainment, remote alarm and monitoring, telehealth solutions and others. Fleet and asset management was leading segment in commercial telematics market and it accounted for over 28% market share of the total market in 2015. Fleet and asset management sector followed by insurance telematics and infotainment sector is also expected to show strong growth in the coming years.

Commercial telematics market can be segmented based on end-users into healthcare, construction, transportation and logistics, government and utilities, insurance, and manufacturing.  Transportation and logistics emerged as the leading end-user segment by accounting for over 54% share of the global market in 2015. It is expected to grow at a significant rate during the forecast period.  Insurance and healthcare are expected to witness the significant growth in the years to come. Government and utility segment is also expected to grow at the moderate rate in next few years.

In terms of revenue, North America dominates the commercial telematics market. North America was followed by Europe and Asia-Pacific in the same year. Asia Pacific commercial telematics market is expected to grow at a moderate rate due to the rapidly growing number of automobiles sold in the region. Europe is expected to be the fastest growing region in next few years. Latin America and the Middle East & Africa is also expected to have moderate growth during the coming years.

Some of the key players in the commercial telematics market include AT&T, Verizon Communications Inc., MiX Telematics Ltd., Trimble Navigation Limited, TomTom, OnStar LLC., BMW, Verizon, and Telefonica.

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FrequentlyAsked Questions

The global Commercial Telematics market was valued at USD 39 Billion in 2020.

The global commercial telematics market is expected to reach USD 108 Billion by 2028, growing at a CAGR of 13.9% from 2021 to 2028.

Transportation and logistics by road has increased in recent years owing to growth in trade on global, regional, and country levels, which has been proliferating the demand for transportation by road. Fleet owners have been emphasizing on meet new market demands such as fast, reliable, and safe product transportation. Such trend has influenced fleet managers to adopt new technologies to ensure effective and safe logistic support, which has been a key growth fueling factor for the global commercial telematics market growth.

North America region dominated the global commercial telematics market in 2020. Advancements in telematics and development of new communication technologies have lured companies to utilized such technologies to extend their product abilities in offering real time data exchange and collections. This should boost the North America commercial telematics market. Also, presence of major companies that provide integration and development services is expected to attract fleet owners, which should generate new growth avenues for the market.

Some of key players in commercial telematics market are Verizon Communications Inc., AT&T, TomTom, MiX Telematics Ltd., OnStar LLC., BMW, Trimble Navigation Limited, and Telefonica.

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