Commercial Telematics Market Size 2021: Industry Report, Share, Trends, Growth, Analysis and Forecast Till 2026

According to the recent report by IMARC Group, titled “Commercial Telematics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global commercial telematics market size reached around US$ 40.3 Billion in 2020 and expected to exhibit strong growth during the next five years.

Commercial telematics refers to the services and solutions that aid in monitoring a commercial vehicle through telecommunication. The location and movement of the vehicle are detected via Global Positioning System (GPS), whereas diagnostic systems help in recording the speed and behavior of the vehicle. A commercial telematics system allows the interchange of information between the central authority and the commercial vehicle through which the activities of the vehicle can be tracked. In case of any unauthorized movement, this system can alert the fleet manager. Besides this, it also helps in fuel management, optimizing maintenance, safety and financing, and driver downtime. As a result, this system is being adopted by several fleet management companies and automobile insurance companies.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Commercial Telematics Market Trends:

The strong penetration of smartphones and laptops has bolstered the trend of connectivity over the past few decades. Apart from this, government regulations are providing an impetus to the market growth. For instance, the Federal Motor Carrier Safety Administration (FMCSA) has mandated the installation of electronic logging devices (ELD) in commercial vehicles in the United States. Furthermore, research and development (R&D) in the field of telematics have led to the introduction of Vehicle-to-Infrastructure (V2I) solutions that are anticipated to gain significant traction in the near future. It allows vehicles to communicate with other vehicles as well as with the local infrastructure by utilizing Wireless Local Area Network (WLAN) and update the drivers with useful information like vacant parking spaces.

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Global Commercial Telematics Market 2021-2026 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

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).

The report has segmented the market on the basis on region, type, system type, provider type and end use industry.

Breakup by Type:

Solution
- Fleet Tracking and Monitoring
- Driver Management
- Insurance Telematics
- Safety and Compliance
- V2X Solutions
- Others
Services
- Professional services
- Managed services

Breakup by System Type:

Embedded
Tethered
Smartphone Integrated

Breakup by Provider Type:

OEM
Aftermarket

Breakup by End Use Industry:

Transportation and Logistics
Media and Entertainment
Government and Utilities
Travel and Tourism
Construction
Healthcare
Others

Breakup by Region:

North America: (United States, Canada0
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa:(South Africa, Turkey, Saudi Arabia, Others

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If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:

Market Performance (2015-2020)
Market Outlook (2021- 2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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