Published by news degree
Posted on August 3, 2021
The global Commercial Vehicle Telematics Market is expected to reach USD 41.29 Billion by 2026, according to a new report by Reports and Data. Vehicle telematics systems, composed of telecommunication and informatics, provide crucial information for drivers, such as information about live traffic status and weather forecast. Essentially, it is vehicle monitoring systems that empower the drivers to stay updated with real-time performance and safety of the vehicle. Information collected by the telematics system is beneficial in critical circumstances, for instance, to communicate instantaneously with the police or respective authorities for prompt actions in case of an accident. Telematics systems assist automotive companies, insurers, and drivers with the highest safety feature.
The safety and security services of vehicle telematics comprise the automatic crash notification, emergency, and medical assistance, which is anticipated to stimulate market growth in the forecast period. As a component of the Automatic Crash Notification service, the telematics control unit (TCU) monitors several crash sensors of the automotive and in the occurrence of a crash it directs the details of the vehicular location and crash intensity as well as sends a voice call to the telematics call center so that emergency services are dispatched to the accident spot.
Legislative norms and regulations introduced by the governments across the globe pertaining to the increased usage of telematics in the automotive to improve road safety. These government initiatives are projected to propel the market growth in the upcoming years.
Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/2313
Key participants include
Trimble Inc., Verizon Telematics Inc., PTC Inc., OCTO telematics Ltd., TomTom Telematics Bv, Omnitracs LLC, Volkswagen Commercial Vehicle, Inseego Corporation, Masternaut Ltd., and Zonar Systems Inc., among others.
Further key findings from the report suggest
By offering, fleet tracking and monitoring held the largest market share in the market in 2018 and is likely to grow at a rate of 18.1% in the forecast period. By utilizing fleet tracking and monitoring, businesses can gain full control of their fleet, thereby considerably reducing costs and improving productivity.
By product type, retrofitted products contributed to a larger market share in 2018.
By provider type, aftermarket providers dominated the market in 2018 and is estimated to grow at a rate of 17.8% in the forecast period.
By vehicle type, medium & heavy commercial vehicles contributed to a larger market share in 2018 and is likely to grow at a rate of 17.9% in the forecast period.
By industrial vertical, transportation & logistics contributed to the largest market share in 2018 and is expected to grow at a rate of 18.6% in the forecast period. Real-time fleet management is helpful in diverting drivers away from road delays and toward high-priority loads.
North America dominated the market in 2018 and is expected to have a CAGR of 18.4% in the forecast period. The market dominance of North America is owing to rapid technological adoption and increasing demand for commercial vehicles with in-vehicle telematics.
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For this report, Reports and Data have segmented into the global Commercial Vehicle Telematics market on the basis of resin type, composite phases, industry vertical, and region:
Offering Outlook (Revenue, USD Million; 2016-2026)
Fleet Tracking & Monitoring
Safety & Security
Driver Management
Insurance Telematics
Others
Product Type Outlook (Revenue, USD Million; 2016-2026)
Retrofitted
Embedded
Provider Type Outlook (Revenue, USD Million; 2016-2026)
OEM
Aftermarket
Vehicle Type Outlook (Revenue, USD Million; 2016-2026)
Light Commercial Vehicles
Medium & Heavy Commercial Vehicles
Industry Vertical Outlook (Revenue, USD Million; 2016-2026)
Transportation & Logistics
Travel & Tourism
Media & Entertainment
Healthcare
Government & Utilities
Others
Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/2313
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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
The post Commercial Vehicle Telematics Market Revenue Size, Trends and Factors, Regional Share Analysis & Forecast Till 2026 first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
The global Commercial Vehicle Telematics Market is expected to reach USD 41.29 Billion by 2026, according to a new report by Reports and Data. Vehicle telematics systems, composed of telecommunication and informatics, provide crucial information for drivers, such as information about live traffic status and weather forecast. Essentially, it is vehicle monitoring systems that empower the drivers to stay updated with real-time performance and safety of the vehicle. Information collected by the telematics system is beneficial in critical circumstances, for instance, to communicate instantaneously with the police or respective authorities for prompt actions in case of an accident. Telematics systems assist automotive companies, insurers, and drivers with the highest safety feature.
The safety and security services of vehicle telematics comprise the automatic crash notification, emergency, and medical assistance, which is anticipated to stimulate market growth in the forecast period. As a component of the Automatic Crash Notification service, the telematics control unit (TCU) monitors several crash sensors of the automotive and in the occurrence of a crash it directs the details of the vehicular location and crash intensity as well as sends a voice call to the telematics call center so that emergency services are dispatched to the accident spot.
Legislative norms and regulations introduced by the governments across the globe pertaining to the increased usage of telematics in the automotive to improve road safety. These government initiatives are projected to propel the market growth in the upcoming years.
Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/2313
Key participants include
Trimble Inc., Verizon Telematics Inc., PTC Inc., OCTO telematics Ltd., TomTom Telematics Bv, Omnitracs LLC, Volkswagen Commercial Vehicle, Inseego Corporation, Masternaut Ltd., and Zonar Systems Inc., among others.
Further key findings from the report suggest
By offering, fleet tracking and monitoring held the largest market share in the market in 2018 and is likely to grow at a rate of 18.1% in the forecast period. By utilizing fleet tracking and monitoring, businesses can gain full control of their fleet, thereby considerably reducing costs and improving productivity.
By product type, retrofitted products contributed to a larger market share in 2018.
By provider type, aftermarket providers dominated the market in 2018 and is estimated to grow at a rate of 17.8% in the forecast period.
By vehicle type, medium & heavy commercial vehicles contributed to a larger market share in 2018 and is likely to grow at a rate of 17.9% in the forecast period.
By industrial vertical, transportation & logistics contributed to the largest market share in 2018 and is expected to grow at a rate of 18.6% in the forecast period. Real-time fleet management is helpful in diverting drivers away from road delays and toward high-priority loads.
North America dominated the market in 2018 and is expected to have a CAGR of 18.4% in the forecast period. The market dominance of North America is owing to rapid technological adoption and increasing demand for commercial vehicles with in-vehicle telematics.
Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/2313
For this report, Reports and Data have segmented into the global Commercial Vehicle Telematics market on the basis of resin type, composite phases, industry vertical, and region:
Offering Outlook (Revenue, USD Million; 2016-2026)
Fleet Tracking & Monitoring
Safety & Security
Driver Management
Insurance Telematics
Others
Product Type Outlook (Revenue, USD Million; 2016-2026)
Retrofitted
Embedded
Provider Type Outlook (Revenue, USD Million; 2016-2026)
OEM
Aftermarket
Vehicle Type Outlook (Revenue, USD Million; 2016-2026)
Light Commercial Vehicles
Medium & Heavy Commercial Vehicles
Industry Vertical Outlook (Revenue, USD Million; 2016-2026)
Transportation & Logistics
Travel & Tourism
Media & Entertainment
Healthcare
Government & Utilities
Others
Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/2313
Have a Look at Related Reports:
Fintech Market by Technology (AI, Analytics, Blockchain, Mobile Commerce, Cloud Infrastructure, Cryptography, Biometrics, Cyber Security, RPA, and Others), By Services, By Application, and By Region – Forecast Analysis by 2028
Automotive Hydrogen Sensors Market Size, Share & Analysis, By Type (Catalytic Sensors, Electrochemical Sensors), By Vehicle Type (Passenger Vehicle, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)), and By Measurement Range (0-1000 ppm, 0-2000 ppm), and Region, Segment Forecasts To 2027
Automotive Head-Up Display Market Size, Growth & Analysis, By Product Type (Windshield, Combiner), By Technology (Conventional, Augmented Reality), By Vehicle Type (Passenger, Commercial), By Sales Channel (OEM, Aftermarket), 2017-2027
In-Flight Entertainment Systems Market Size, Share & Trends Analysis, By Offering Type (IFE, IFC), By Component (Hardware, Connectivity, Content), By Aircraft Type (NBA, WBA, VLA), By Region, Segment Forecast To 2027
Automotive Biometric Access System Market Size, Share & Analysis, By Vehicle Type (Passenger Car, Battery Electric Vehicle), By Authentication Type (Voice Recognition, Fingerprint Recognition), By Future Technology (Iris Recognition System, Face Recognition System), By Region, Forecast To 2027
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
The post Commercial Vehicle Telematics Market Revenue Size, Trends and Factors, Regional Share Analysis & Forecast Till 2026 first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
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