The market for Trucks Telematics is anticipated to grow at a significant CAGR during the forecast period. Telematics essential facilitates increased productivity through a simple web-based interface. Modern fleets can be a lot more efficient if they use data and insights to make better, more educated business decisions. The market is expected to develop due to increasing demand for telematics that displays critical details, maintenance alerts, and trucks vehicle’s current health status to help managers plan more effectively and maximise vehicle use. Furthermore, the trucks telematics market is expanding due to growing awareness of vehicle safety features and higher usage of these systems. The global trucks telematics market is expected to grow remarkably as the internet and digitization spread throughout the transportation and logistics industry.
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Trucks fleet telematics collects data using a combination of GPS technology, sensors, and onboard diagnostics codes, allowing fleet owners to remotely manage their assets. Vehicle location, driver behaviour, vehicle activity, and real-time engine diagnostics are among the data collected. Telematics, which combines telecommunications with informatics, allows for distant communication and processing of data. Telematics has risen in relevance as the internet and communication through multiple networks have grown. Telematics is now essential for efficient fleet management, allowing data to be sent remotely, increased visibility into operations, and improved communications, efficiency, and customer service.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Technology
o By Application
- Regions Covered
o North America
o Europe
o Asia-Pacific
o Rest of the Word
- Competitive Landscape: Trimble Automatic, CalAmp, Wabco, GEOTAB, Continental.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Truck Telematics Market by Segments
By Products
- Plug and Play Telematics
- Hardwired Install Telematics
By Application
- Light Truck
- Heavy Truck
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