Commercial Vehicle Telematics Market

Commercial Vehicle Telematics Market: Global Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the global commercial vehicle telematics market. Commercial vehicle telematics is a combination of global positioning system (GPS) and a diagnostic system. It utilizes black box technologies and wireless telematics devices to transfer vehicle data, such as location, servicing, and maintenance requirements to the operator. Commercial vehicle telematics can be differentiated into tethered, embedded, and smartphone-integrated systems.

The commercial vehicle telematics market is majorly being driven by rapid advancements in security systems, and better accessibility to high-speed internet connections. Besides this, significant expansion in the transportation and logistics industries is fueling the escalating demand for commercial vehicle telematics. Other factors, including the rising demand for vehicles with enhanced security features, primarily due to increasing occurrences of road accidents, are contributing to the market growth.

Beginning with a global overview, the report explores the dynamics that have a strong influence on the commercial vehicle telematics market and can also impact its future growth. Taking 2021 as the base year, the report covers the historical market scenarios from 2016-2021 and provides forecasts till 2027. This includes the study of value and volume trends and pricing history. Growth-inducing factors, market restraints, and recent developments have also been analyzed in the report in order to provide deeper knowledge about the industry. On a regional basis, the report examines the commercial vehicle telematics market in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each of these regions, the report studies the commercial vehicle telematics market in detail for the latest trends, outlook, and opportunities.  

Segmentation by Vehicle Type:     

•  M&HCV
•  LCV
   

Segmentation by Type:     

•    Service
•   Solution
   

Segmentation by Fitment Type:     

•     Embedded
•     Tethered
•     Smartphone Integration
   

Segmentation by End-User Type:     

•     Fingerprint Recognition
•     Construction
•     Government & Utilities
•     Healthcare
•     Media & Entertainment
•     Transportation & Logistics
•     Travel & Tourism
•     Others
   

Segmentation by Region:

•     North America
•     Europe
•     Asia Pacific
•     Latin America
•     Middle East and Africa
   

Competitive Landscape:

•     Continental
•     TomTom
•     Trimble
•     Verizon
•     AT&T
•     Bynx
•     Ericsson
•     Luxoft
•     Bosch
•     Others

The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the commercial vehicle telematics industry along with the parameters of Porter’s Five Forces model. This model examines the degree of competition in the commercial vehicle telematics industry by analyzing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities, and threats pertaining to the commercial vehicle telematics industry. Furthermore, the value chain analysis of the commercial vehicle telematics industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing and sales of the products, and their distribution.

Highlights of the Global Commercial Vehicle Telematics Market

•  Historical and current scenario
•  Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
•  SWOT analysis
• Value chain analysis

The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the commercial vehicle telematics industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analysed and presented in the form of easily comprehensible charts, graphs and tables.