The global commercial telematics market is anticipated to grow at a considerable CAGR of 15.8% during the forecast period (2020-2026). The increase in technological advancements by the key providers of commercial telematics solutions & services to differentiate their product offerings to remain competitive in the global market is a key factor to drive the growth of the global commercial telematics market. For instance, in February 2021, Bright Box HK Ltd., a telematics solution provider entered into a partnership with My Policy Group, a UK-based provider of services across intermediation, and product design for niche telematics motor insurance. My Policy has launched a usage-based insurance product, JURNY, in which Bright Box and part of Zurich Insurance Group both will be involved to enable rapid growth of the company.
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Besides, in February 2021, Skoda Auto introduced a traffication infotainment application, which aims to improve driver safety by alerting drivers about forthcoming traffic hazards, which reduces the chances of road accidents and reducing the risk of wrong-way driving on motorways. This application is available in the models of Skoda including Scala, Kamiq, Karoq, Kodiaq, and others. The application is developed after a long-term collaboration between Skoda and Bosch. Thus, the growing efforts of major market players to make advancements in their solutions to gain competitive position s are anticipated to drive the market growth.
Market Coverage
· The market number available for – 2019-2026
· Base year- 2019
· Forecast period- 2020-2026
Segment Covered-
· By solution
· By end-user
Regions Covered-
· North America
· Europe
· Asia-Pacific
· Rest of the World
· Competitive Landscape- Bridgestone Corp., General Motors Co., Verizon Communications Inc., Aplicom Ltd., and Omnitracs LLC
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Global Commercial Telematics Market Report Segment
By Solution
· Fleet Tracking and Monitoring
· Driver Management
· Insurance Telematics
· Safety & Compliance
· V2V and V2X systems
· Others (Fuel Monitoring)
By End-User
· Insurance
· Government and Utilities
· Healthcare
· Media and Entertainment
· Transportation & Logistics
· Others (Manufacturing)
By Distribution Channel
· OEM
· Aftermarket
Global Commercial Telematics Market Report Segment by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
· Latin America
· Middle East & Africa
Company Profiles
· Actsoft Inc.
· Agero Inc.
· AirIQ Inc.
· Aplicom Ltd.
· Box Telematics Ltd.
· Calapm Corp.
· Ctrack (Inseego Corp.)
· Continental AG
· Geotab Inc.
· GPS Insight
· Infotrack Telematics Plc
· Kore Wireless Group, Inc.
· Mix Telematics Ltd.
· Octo Telematics S.p.A
· ORBCOMM Inc.
· Sprint Telematics Ltd.
· Tantalum Corp.
· ata Motors Ltd.
· Telit Communications Plc Telefonica, S.A.
· WEX Inc.
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