Commercial Telematics Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F, Segmented By Solution (OEM & Aftermarket), By Application (Solution and Services), By End User (Transport and Logistics, Insurers, Healthcare, Media & Entertainment, Vehicle Manufactures/dealers, & Government Agencies), By Region, Competition

  • Industry : Automotive
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Summary

Report Description

Global Commercial Telematics market was estimated at USD 37.44 billion in 2018, and by the end of the forecasted period through 2028, it is anticipated to grow around USD 150.43 billion. The factors propelling the demand for the telematics in the commercial vehicle across the various country in globe is because with the help of the telematics, companies can improve the operation efficiency for the fleet management. In commercial vehicles, telematics involves a combination of information technology and telecommunication which helps to track the movements and location of the commercial vehicles easily.  In Europe around 8.1 million unites of telematics were installed in the commercial vehicles, as it is expected that 15.04 million units of telematics will get install in the commercial vehicles in European market in the forecasted year 2028F.

Nowadays many commercial vehicle manufacturers are focusing to involve the telematics in the commercial vehicle, as many e-commerce companies prefer to have commercial vehicles for the delivery of the goods and by having telematics in the vehicle it helps to track the route, estimate time of delivery, and other status checks.

Tracking Of Vehicle in Real Time

The customers can check their vehicle's location in real time owing to telematics that has been installed in the vehicles. This makes it possible to give drivers the best route while escaping accidents, delays, and traffic jams. By selecting the closest vehicle to the customer's location, one may also speed up response times and provide efficient service. Businesses that deliver goods can provide sharable tracking link, so they can track real time delivery. Consumers can now get prepared for delivery in advance. This help in unnecessary returns, delays, and brings more efficiency.

Reduce In Consumption of Fuels

For any company that relies on transportation, fuel is one of the biggest expenses. These costs can be reduced with the aid of GPS vehicle tracking and telematics. Monitoring various Driver Behavior data, such as rapid acceleration, pausing, use of equipment (air conditioning, etc.), and miles per gallon, is made easier by this. With access to this information, company owners can find drivers who need to enhance their performance with less fuel. Telematics helps to find the right route for the drivers this helps to increase the efficiency driving and reduces the consumption of the fuels.

Adoption of the 5G connectivity to create market opportunities

Various telematics company are using the 5G technology for the commercial vehicle to enhance the internet connectivity solution. By the adoption of the 5G technology in the telematics there will be growth in the market as it will provide information to pass in very shorter time along with accuracy. The commercial vehicle manufacturers are focusing to use 5G for better services and it will increase the advancement and popularity of commercial vehicle in the market in various country across the globe in the coming years.

Cost Cutting in Sensor is Expected in Adoption of Telematics

The price of the automotive sensor which are used in the telematics are lower in the current year compared to the past few years, due to this telematics device are more adopted this year, when compared to previous year. Commercial vehicle manufacturers are adopting the telematics device at higher rate to install in trucks and in other commercial fleets across various countries. It is anticipated that in the coming years the adoption of telematics device will increase in commercial vehicles.

Telematics Can Enhance the Safety of The Driver  

Telematics helps the drivers by heightening their awareness to their own driving behavior, telematics also helps to track down the drivers while they are driving. Considering that drivers are being watched drivers will not make any unnecessary mistakes like texting, eating while driving, etc. Drivers are needed to be careful while driving maintain a safer speed, keeping a proper distance from the front vehicles. 


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Market Segmentation

The global commercial telematics market is segmented based on solution, application, end-user, region, and competitional landscape. Based on solution, the market is further fragmented into OEM and aftermarket. Based on application, the market is segmented into solution and services. In terms of end user, the market is divided into Transport and Logistics, Insurers, Healthcare, Media & Entertainment, Vehicle Manufactures/dealers, and Government Agencies. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Europe & CIS, Asia-Pacific, North America, South America, and Middle East & Africa.

Company Profiles

THE AirIQ Inc, TomTom Telematics BV, Trimble Inc., WirelessCar AB, Verizon Communications Inc, OCTO Telematics S.p.A, Geotab Inc, Mix Telematics International (Pty) Ltd, Google Inc, Omnitracs LLC, are among the major market players in the global platform that lead the market growth of the global commercial telematics market.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Billion and CAGR for 2018-2021 and 2023E-2028F

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

By Solution Type

By Application

By End User

By Region

Regional Scope

Europe & CIS, Asia-Pacific, North America, South America, and Middle East & Africa

Country Scope

Germany, Spain, Russia, France, United Kingdom, Italy, China, India, Japan, South Korea, Indonesia, Thailand, Malaysia, Vietnam, United States, Canada, Mexico, Brazil, Argentina, Colombia, Saudi Arabia, Turkey, South Africa, Egypt  

Key Companies Profiled

AirIQ Inc, TomTom Telematics BV, Trimble Inc., WirelessCar AB, Verizon Communications Inc, OCTO Telematics S.p.A, Geotab Inc, Mix Telematics International (Pty) Ltd, Google Inc, Omnitracs LLC

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail of customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, the global commercial telematics market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Global Commercial Telematics Market, By Solution:
    • OEM

o   Aftermarket

  • Global Commercial Telematics Market, By Application:
    • Solution
    • Service
  • Global Commercial Telematics Market, By End User:
    • Transport and Logistics 
    • Insures
    • Healthcare
    • Media & Entertainment
    • Vehicle Manufactures/ Dealers
    • Government Agencies 
  • Global Commercial Telematics Market, By Region:
    • Europe
      • Germany
      • Spain
      • Russia
      • France
      • United Kingdom
      • Italy
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Indonesia
      • Thailand
      • Malaysia
      • Vietnam
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa
      • Saudi Arabia
      • Turkey
      • South Africa
      • Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global commercial telematics market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Commercial Telematics Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected].

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Global Commercial Telematics Market

4.1.  Impact Assessment Model      

4.1.1.     Key Segments Impacted

4.1.2.     Key Regions Impacted

4.1.3.     Key Countries Impacted

5.    Voice of Customer

5.1.  Brand Awareness

5.2.  Factors Influencing Purchase Decision

6.    Global Commercial Telematics Market Outlook, FY2018-FY2028F

Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Solution Market Share Analysis (OEM, Aftermarket)

6.2.2.     By Application Market Share Analysis Type (Solution, Services)

6.2.3.     By End User Market Share Analysis (Transport and Logistics, Insurance, Healthcare, Media & Entertainment, Vehicle Manufactures/dealers, Government Agencies)

6.2.4.     By Regional Market Share Analysis

6.2.4.1.         Europe & CIS Market Share Analysis

6.2.4.2.         Asia-Pacific Market Share Analysis

6.2.4.3.         North America Market Share Analysis

6.2.4.4.         South America Market Share Analysis

6.2.4.5.         Middle East & Africa Market Share Analysis

6.2.5.     By Company Market Share Analysis (By Value, 2022)

6.3.  Global Commercial Telematics Market Mapping & Opportunity Assessment

6.3.1.     By Solution Market Mapping & Opportunity Assessment

6.3.2.     By Application Mapping & Opportunity Assessment

6.3.3.     By End User Mapping & Opportunity Assessment

6.3.4.     By Regional Market Mapping & Opportunity Assessment

7.    Europe & CIS Commercial Telematics Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Solution Market Share Analysis

7.2.2.     By Application Market Share Analysis

7.2.3.     By End User Market Share Analysis

7.2.4.     By Country Market Share Analysis

7.3.  Europe & CIS: Country Analysis

7.3.1.     Germany Commercial Telematics Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Volume and Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Solution Market Share Analysis

7.3.1.2.2.             By Application Market Share Analysis

7.3.1.2.3.             By End User Market Share Analysis

7.3.2.     Spain Commercial Telematics Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Volume and Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Solution Market Share Analysis

7.3.2.2.2.             By Application Market Share Analysis

7.3.2.2.3.             By End User Market Share Analysis

7.3.3.     Russia Commercial Telematics Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Volume and Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Solution Market Share Analysis

7.3.3.2.2.             By Application Market Share Analysis

7.3.3.2.3.             By End User Market Share Analysis

7.3.4.     France Commercial Telematics Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Volume and Value

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Solution Market Share Analysis

7.3.4.2.2.             By Application Market Share Analysis

7.3.4.2.3.             By End User Market Share Analysis

7.3.5.     United Kingdom Commercial Telematics Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Volume and Value

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Solution Market Share Analysis

7.3.5.2.2.             By Application Market Share Analysis

7.3.5.2.3.             By End User Market Share Analysis

7.3.6.     Italy Commercial Telematics Market Outlook

7.3.6.1.         Market Size & Forecast

7.3.6.1.1.             By Volume and Value

7.3.6.2.         Market Share & Forecast

7.3.6.2.1.             By Solution Market Share Analysis

7.3.6.2.2.             By Application Market Share Analysis

7.3.6.2.3.             By End User Market Share Analysis

8.    Asia-Pacific Commercial Telematics Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Volume and Value

8.2.  Market Share & Forecast

8.2.1.     By Solution Market Share Analysis

8.2.2.     By Application Market Share Analysis

8.2.3.     By End User Market Share Analysis

8.2.4.     By Country Market Share Analysis

8.3.  Asia-Pacific: Country Analysis

8.3.1.     China Commercial Telematics Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Volume and Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Solution Market Share Analysis

8.3.1.2.2.             By Application Market Share Analysis

8.3.1.2.3.             By End User Market Share Analysis

8.3.2.     India Commercial Telematics Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Volume and Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Solution Market Share Analysis

8.3.2.2.2.             By Application Market Share Analysis

8.3.2.2.3.             By End User Market Share Analysis

8.3.3.     Japan Commercial Telematics Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Volume and Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Solution Market Share Analysis

8.3.3.2.2.             By Application Market Share Analysis

8.3.3.2.3.             By End User Market Share Analysis

8.3.4.     South Korea Commercial Telematics Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Volume and Value

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Solution Market Share Analysis

8.3.4.2.2.             By Application Market Share Analysis

8.3.4.2.3.             By End User Market Share Analysis

8.3.5.     Indonesia Commercial Telematics Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Volume and Value

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Solution Market Share Analysis

8.3.5.2.2.             By Application Market Share Analysis

8.3.5.2.3.             By End User Market Share Analysis

8.3.6.     Thailand Commercial Telematics Market Outlook

8.3.6.1.         Market Size & Forecast

8.3.6.1.1.             By Volume and Value

8.3.6.2.         Market Share & Forecast

8.3.6.2.1.             By Solution Market Share Analysis

8.3.6.2.2.             By Application Market Share Analysis

8.3.6.2.3.             By End User Market Share Analysis

8.3.7.     Malaysia Commercial Telematics Market Outlook

8.3.7.1.         Market Size & Forecast

8.3.7.1.1.             By Volume and Value

8.3.7.2.         Market Share & Forecast

8.3.7.2.1.             By Solution Market Share Analysis

8.3.7.2.2.             By Application Market Share Analysis

8.3.7.2.3.             By End User Market Share Analysis

8.3.8.     Vietnam Commercial Telematics Market Outlook

8.3.8.1.         Market Size & Forecast

8.3.8.1.1.             By Volume and Value

8.3.8.2.         Market Share & Forecast

8.3.8.2.1.             By Solution Market Share Analysis

8.3.8.2.2.             By Application Market Share Analysis

8.3.8.2.3.             By End User Market Share Analysis

9.    North America Commercial Telematics Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Volume and Value

9.2.  Market Share & Forecast

9.2.1.     By Solution Market Share Analysis

9.2.2.     By Application Market Share Analysis

9.2.3.     By End User Market Share Analysis

9.2.4.     By Country Market Share Analysis

9.3.  North America: Country Analysis

9.3.1.     USA Commercial Telematics Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Volume and Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Solution Market Share Analysis

9.3.1.2.2.             By Application Market Share Analysis

9.3.1.2.3.             By End User Market Share Analysis

9.3.2.     Mexico Commercial Telematics Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Volume and Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Solution Market Share Analysis

9.3.2.2.2.             By Application Market Share Analysis

9.3.2.2.3.             By End User Market Share Analysis

9.3.3.     Canada Commercial Telematics Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Volume and Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Solution Market Share Analysis

9.3.3.2.2.             By Application Market Share Analysis

9.3.3.2.3.             By End User Market Share Analysis

10.  South America Commercial Telematics Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Volume and Value

10.2.              Market Share & Forecast

10.2.1.  By Solution Market Share Analysis

10.2.2.  By Application Market Share Analysis

10.2.3.  By End User Market Share Analysis

10.2.4.  By Country Market Share Analysis

10.3.              South America: Country Analysis

10.3.1.  Brazil Commercial Telematics Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Volume and Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Solution Market Share Analysis

10.3.1.2.2.           By Application Market Share Analysis

10.3.1.2.3.           By End User Market Share Analysis

10.3.2.  Argentina Commercial Telematics Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Volume and Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Solution Market Share Analysis

10.3.2.2.2.           By Application Market Share Analysis

10.3.2.2.3.           By End User Market Share Analysis

10.3.3.  Colombia Commercial Telematics Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Volume and Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Solution Market Share Analysis

10.3.3.2.2.           By Application Market Share Analysis

10.3.3.2.3.           By End User Market Share Analysis

11.  Middle East & Africa Commercial Telematics Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Volume and Value

11.2.              Market Share & Forecast

11.2.1.  By Solution Market Share Analysis

11.2.2.  By Application Market Share Analysis

11.2.3.  By End User Market Share Analysis

11.2.4.  By Country Market Share Analysis

11.3.              Middle East & Africa: Country Analysis

11.3.1.  Saudi Arabia Commercial Telematics Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Volume and Value

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Solution Market Share Analysis

11.3.1.2.2.           By Application Market Share Analysis

11.3.1.2.3.           By End User Market Share Analysis

11.3.2.  Turkey Commercial Telematics Market Outlook

11.3.2.1.      Market Size & Forecast

11.3.2.1.1.           By Volume and Value

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Solution Market Share Analysis

11.3.2.2.2.           By Application Market Share Analysis

11.3.2.2.3.           By End User Market Share Analysis

11.3.3.  South Africa Commercial Telematics Market Outlook

11.3.3.1.      Market Size & Forecast

11.3.3.1.1.           By Volume and Value

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Solution Market Share Analysis

11.3.3.2.2.           By Application Market Share Analysis

11.3.3.2.3.           By End User Market Share Analysis

11.3.4.  Egypt Commercial Telematics Market Outlook

11.3.4.1.      Market Size & Forecast

11.3.4.1.1.           By Volume and Value

11.3.4.2.      Market Share & Forecast

11.3.4.2.1.           By Solution Market Share Analysis

11.3.4.2.2.           By Application Market Share Analysis

11.3.4.2.3.           By End User Market Share Analysis

12.  Market Dynamics

12.1.              Market Drivers

12.2.              Market Challenges

13.  Market Trends & Developments

14.  SWOT Analysis

14.1.              Strength

14.2.              Weakness

14.3.              Opportunities

14.4.              Threats

15.  Porter’s Five Forces Model

15.1.              Competitive Rivalry

15.2.              Bargaining Power of Suppliers

15.3.              Bargaining Power of Buyers

15.4.              Threat of New Entrants

15.5.              Threat of Substitutes

16.  Competitive Landscape

16.1.              Company Profiles

16.1.1.  AirIQ Inc

16.1.1.1.      Company Details

16.1.1.2.      Products & Services

16.1.1.3.      Recent Development

16.1.1.4.      Key Management Personnel

16.1.2.  TomTom Telematics BV (Netherlands)

16.1.2.1.      Company Details

16.1.2.2.      Products & Services

16.1.2.3.      Recent Development

16.1.2.4.      Key Management Personnel

16.1.3.  Trimble Inc. (US)

16.1.3.1.      Company Details

16.1.3.2.      Products & Services

16.1.3.3.      Recent Development

16.1.3.4.      Key Management Personnel

16.1.4.  WirelessCar AB

16.1.4.1.      Company Details

16.1.4.2.      Products & Services

16.1.4.3.      Recent Development

16.1.4.4.      Key Management Personnel

16.1.5.  Verizon Communications Inc

16.1.5.1.      Company Details

16.1.5.2.      Products & Services

16.1.5.3.      Recent Development

16.1.5.4.      Key Management Personnel

16.1.6.  OCTO Telematics S.p.A

16.1.6.1.      Company Details

16.1.6.2.      Products & Services

16.1.6.3.      Recent Development

16.1.6.4.      Key Management Personnel

16.1.7.  Geotab Inc

16.1.7.1.      Company Details

16.1.7.2.      Products & Services

16.1.7.3.      Recent Development

16.1.7.4.      Key Management Personnel

16.1.8.  Mix Telematics International (Pty) Ltd

16.1.8.1.      Company Details

16.1.8.2.      Products & Services

16.1.8.3.      Recent Development

16.1.8.4.      Key Management Personnel

16.1.9.  Omnitracs LLC

16.1.9.1.      Company Details

16.1.9.2.      Products & Services

16.1.9.3.      Recent Development

16.1.9.4.      Key Management Personnel

17.  Strategic Recommendations/Action Plan

17.1.              Key Focus Areas

17.2.              Target Regions & Countries

17.3.              Target Application

  (Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

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Telematics helps in encouraging safe driving as its software detects driver behaviours, telematics also ensures the vehicle maintenance as its software can detect a wide range of vehicle breakdown or maintenance problems, etc. By all these features telematics is in high demand in commercial vehicle.

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By using the telematics in commercial vehicles, the cost of the overall vehicle will increase in the market. Also, there will be lack of quality work.

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Using telematics in vehicles help improve efficiency and productivity as well as promote proactive vehicle maintenance.

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Some of the key components of the telematics devices are engine interface, sim cards, accelerometer, etc.

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Srishti Verma

Business Consultant
Press Release

Asia Pacific to lead Commercial Telematics Market through 2028F

Nov, 2022

The advancement in technologies of telematics and decline in price of telematic sensors along with the adoption of sensors by the commercial vehicle manufacturers is driving the market.

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