Commercial Vehicle Telematics Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Report Code: ZMR-1117 | Report Format : | Status : Upcoming |

Abstract

Global Commercial Vehicle Telematics Market: Overview

Commercial vehicle telematics market is exploring globally owing to services such as tracking and fleet management. Telematics systems provide fleet management solutions that will assist the organization to minimize the number of empty runs and successively it reduces fuel expenses. Fleet operators are using fleet management services in order to reduce which in turn minimizes overall vehicle downtime. Next-generation telematics protocol (NGTP) offers some advantages such as support for legacy systems, reduced barriers to collaborate and implement, enhanced value proposition of different players, and promotion and adoption of new technologies. This system will offer service providers robust, flexibility, cost-effectiveness, and scalable telematics solutions.

Global Commercial Vehicle Telematics Market: Growth Factors

Escalating demand for monitoring and vehicle tracking systems in the logistics sector is expected to drive the global commercial vehicle telematics market growth in future. Increasing adoption of the NGTP globally will foster the global market growth in the coming years. Increase in fuel prices and developing mobile connectivity across the automotive sector is the key factor responsible for the growth of the market. Telematics acts as a cornerstone for the efficient performance of the fleet management systems and logistic systems. High demand for connected vehicles is anticipated to strengthen the global commercial vehicle telematics market growth. Growing demand for refrigerated vehicles is anticipated to the consolidation of the cold chain logistics sector, which may further fuel the global commercial vehicle telematics market growth in future.

Global Commercial Vehicle Telematics Market: Segmentation

The global commercial vehicle telematics market is classified based on fitment type as aftermarket and original equipment manufacturers. Of these, aftermarket fitment segment is the leading in the global market due to considerable growth in the unorganized logistics sector. It is constantly in demand for fleet management solutions; this is anticipated to boost the global commercial vehicle telematics market growth and it is expected to continue its dominance in the near future. The global market is further fragmented on the basis of applications as retail, courier, tourism, cold chain, and pharma. Of these, cold chain contributed for the largest market share in the telematics technology. It majorly attributed to increased use of telematics in order to monitor the temperature of frozen items. Original equipment manufacturers are a second largest market and it may grab largest market chunk owing to rising partnerships among automobile manufacturers and telematics service providers.

Global Commercial Vehicle Telematics Market: Regional Analysis

The global commercial vehicle telematics market is classified based on geography as Latin America, North America, Asia-Pacific, the Middle East & Africa, and Europe. North America holds the largest market share due to advancement in the technology. Europe is considered a mature market and but is somewhat on a lower side.

Global Commercial Vehicle Telematics Market: Competitive Players

Leading key vendors in the global commercial vehicle telematics market are Ashok Leyland., Arya Omnitalk, Tata Motors, Trimble Navigation, and CMC. Other players influencing the global market are eLogistics, Mahindra & Mahindra, and Dhanus Technologies.

Global Commercial Vehicle Telematics Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Report Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Related Reports

Laser Plastic Welding Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Price : $ 3999.00 | Report Code: ZMR-4020 | Report Format:

Global Laser Plastic Welding Market: Overview In the last few years, the laser has emerged as one of the most preferred methods for welding plastics. It provides improved welding quality as the flexibility it offers is second to none. In spite of these and several other benefits, the penetration...Read More

Electric Vehicle Range Extender Market by Product (Fuel Cell Range Extender, Ice Range Extender, and Others), by Component (Electric Motor, Battery Pack, Power Converter, and Generator), and by Vehicle Type (Passenger and Commercial): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Apr-2019 | Price : $ 4899.00 | Pages: 168 | Report Code: ZMR-4013 | Report Format:

The report covers a forecast and an analysis of the electric vehicle range extender market on a global and regional level. The study provides historical data for 2016, 2017, and 2018 along with a forecast from 2019 to 2025 based on revenue (USD Million) and volume (K Units). The study includes dri...Read More

Automotive Camera Market by Vehicle Type (Light Commercial Vehicles, Heavy Commercial Vehicles, and Passenger Vehicles), by Technology (Thermal Camera, Digital Camera, and Infrared Camera), by View Type (Single View System and Multi-Camera System), and by Application (Lane Departure Warning System, Driver Monitoring System, Park Assist System, Blind Spot Detection, Adaptive Cruise Control System, Autonomous Emergency Braking System, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Mar-2019 | Price : $ 4899.00 | Pages: 182 | Report Code: ZMR-3958 | Report Format:

The report covers a forecast and an analysis of the automotive camera market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion). The study includes drivers and restraints of the automotive came...Read More

Ride Sharing Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3884 | Report Format:

Global Ride Sharing Market: Overview The concept of ridesharing is basically an arrangement that connects passengers with drivers, in business or privately or owned vehicles. The leading transport network companies generally work on peer-to-peer ridesharing business model and charge a commission...Read More

In-Wheel Motor Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3883 | Report Format:

Global In-Wheel Motor Market: Overview In-wheel motor systems are employed to improve the performance of various electric vehicles. These systems replace driveshaft, transmission, differentials, and axles. The in-wheel motors also help in supplying torque to their associated tires along with gen...Read More

Download Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a free research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.