The Global Commercial Telematics Market was valued at $27,069.2 million in 2017 and is projected to reach $144,440.7 million by 2027, registering a CAGR of 13.8% from 2021 to 2027.
Commercial telematics refers to technological solutions used for long-distance information transmission in commercial vehicles. It is used to track vehicle diagnostics by monitoring the vehicle’s location and movement through the Global Positioning System (GPS) and onboard diagnostic systems. It is also used to monitor trailers and non-motorized assets and alert fleet managers in case of unauthorized movement. In addition to this, commercial telematics provides insurance risk assessment, maintenance insight, and safety tracking. Insurance providers can use this technology to monitor driver behavior to determine risk factors and adjust insurance policies accordingly.
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Market Segments
By Solution Type
- OEM
- Aftermarket
By Application
- Solutions
- Services
By End-user
- Transportation and Logistics
- Insurance
- Healthcare
- Media & Entertainment
- Vehicle Manufacturers/Dealers
- Government Agencies
Key Players
Some of the key players being AirIQ Inc., Bridgestone Corporation, General Motors Company, Geotab Inc., Masternaut Limited. (Michelin), Mix Telematics International (Pty) Ltd., Octo Telematics, Omnitracs LLC, Trimble Inc., Verizon Communications Inc., and Zonar Systems Inc. (Continental AG).
Scope of the Report
The research study analyzes the global Commercial Telematics industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
A full report of Global Commercial Telematics Market is available at: https://www.orionmarketreports.com/commercial-telematics-market/58816/
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Commercial Telematics Market Report
1.What was the Commercial Telematics Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Commercial Telematics Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Commercial Telematics Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Commercial Telematics market.
- The market share of the global Commercial Telematics market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Commercial Telematics market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Commercial Telematics market.
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