Commercial Automotive Telematics - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Commercial Automotive Telematics Market is accounted for $18.45 billion in 2018 and is expected to reach $47.19 billion by 2027 growing at a CAGR of 11.0% during the forecast period. The increasing demand for connected vehicles for better safety management is expected to further drive the market. However, increased communication, leading to security and privacy concerns are hampering the growth of the market.
Commercial telematics is an interdisciplinary branch of information technology and telecommunications, which deals with long distance transmission of information in commercial automobiles. Telematics devices are used to transfer large amount of information from the vehicle to infrastructure. Commercial telematics are used in conjunction with telecommunication systems to provide quick and easy information access. The growth in telecommunications as well as connected vehicles is further driving the telematics market. Subsequently this growth in telematics has led to multiple connectivity features being offered in the vehicle.
Based on offering type, aftermarket segment is constantly enhancing 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 automotive telematics market growth and it is expected to continue its dominance in the near future. By geography, Asia Pacific is likely to have a huge demand due to the untapped market strength, increasing awareness about driver safety and accident prevention, upcoming regulations to improve road safety, transportation and logistics industries, and advent of 4G LTE technology and smartphones.
Some of the key players in Global Commercial Automotive Telematics market include CalAmp Corp, Astrata Group (Omnitracs), Masternaut, Descartes, Fleetmatics, Qualcomm, Intel, PTC, Trimble Inc, TomTom Telematics, Verizon Telematics, Zonar Systems, Octo Telematics, Omnitracs, Microlise Limited, and Inseego Corporation.
Vehicle Types Covered:
• Passenger Vehicle Fleet
• Commercial Vehicle
• Other Vehicle Types
• Navigation System
• Telematics Control Unit
• Audio/Video Interface
• Can Bus
• Communication Devices
Device Types Covered:
• Smartphone Based
• Plug and Play
Offering Types Covered:
• Automotive OEM’s
• Entertainment Services
• Safety and Security Services
• Fleet Management Systems
• Information and Navigation Systems
• Remote Diagnostics
• Insurance Risk Assessment
• Emergency Notification Services
• Billing Services
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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