Market Highlights
The study reveals that commercial telematics is trending in
North America region. The innovation in technology including video
capabilities, artificial intelligence and others, are driving factors for the
market growth to the large extent. It helps to collect the information about
the people who all are using telematics to manage the fleet without bothering
much about the cost. In 2012, Verizon Communications Inc. has acquired of
HUGHES Telematics Inc. to provide and accelerate growth through the delivery of
advanced automotive, fleet telematics and machine-to-machine services. The
majority of applications are automotive navigation, real-time vehicle
information, infotainment solutions, and others.
In North America region, the commercial telematics market is
estimated to grow with huge market size in coming years. The electronic logging
devices has been made mandatory in U.S and is leading to high adoption by
smaller fleets. The commercial telematics solutions offers to monitor the fuel
consumption and measures CO2 emission in the vehicles. The telematics is widely
used in automotive connectivity solution. It offers new business model to
the automotive, transportation, health care and other industries, which is
driven by safety improvements, consumer trends, increasingly connected
lifestyles and others.
Taste the market data and market information presented
through more than 30 market data tables and figures spread over 100 numbers of
pages of the project report. Avail the in-depth table of content TOC &
market synopsis on “The Global Commercial telematics Market Research Report
-Forecast to 2023”.
The global commercial telematics market is
expected to grow at USD ~42 Billion by 2023, at ~18% of CAGR between 2017 and
2023.
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Segments:
The global commercial
telematics market has been segmented on the basis of type, operation
system, ruggedness, end- users and region.
Global Commercial Telematics Market by Type:
Vehicle Telematics
Fleet telematics
Insurance Telematics
Others
Global Commercial Telematics Market by Solutions:
Remote Alarm & Monitoring
Navigation and location based
Infotainment
V2v and V2i
Tele-health
Others
Global Commercial Telematics Market by End- Users:
Media & Entertainment
Government agencies
Transportation and Logistics
Insurance
Healthcare
Others
Global Commercial Telematics Market by Regions:
North America
Europe
APAC
Rest of the World
Key Players:
The prominent players in the global commercial telematics
market are – Verizon Communications, Inc.(U.S.), Harman International
Industries, Inc.( U.S.), TomTom Telematics BV (Netherlands), AT&T Inc.
(U.S.), Vodafone Group Plc (U.K), Ford Motor Company (U.S.), Bayerische Motoren
Werke AG (Germany), Trimble Inc. (US), Telefónica S.A. (Spain), and Mix
Telematics International Ltd (South Africa), among others.
Intended Audience
·
Commercial telematics manufacturing companies
·
Automotive Original Equipment Manufacturers
·
Compliance regulatory authorities
·
Government agencies
·
Information technology companies
·
Investors and Venture Capitalists
·
Commercial telematics providers
·
Research and development companies
·
Market research and consulting firms
·
Solution providers
·
Technology standards organizations
·
Technology investors
·
System Inegrators
Continued…
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