About Commercial Vehicle Telematics
The field of vehicle telematics is interdisciplinary and encompasses telecommunications, informatics, computer science, electrical engineering, and vehicular technologies. Its objective is to develop a vehicle telematics system that gathers and analyzes data, gaining insights from it to enhance the overall safety and efficiency of driving. The requirement for better fleet management is one of the primary motivators. Real-time vehicle tracking, route optimization, and performance tracking are all provided by commercial vehicle telematics systems. Fleet managers may increase productivity and efficiency by using these skills to better manage cars, allocate resources, and streamline operations.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The competitive landscape is included in worldwide commercial vehicle telematics. The company's overview, financials, revenue, market potential, R&D investment, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance are all included in the details. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Verizon Connect (US), Geotab (Canada), Trimble (US), PTC Inc (US), TomTom (Netherlands), Omnitracs (US), Masternaut Limited (United Kingdom), Microlise (United Kingdom), Inseego Corporation (US), Samsara (US), Octo Telematics (Italy), MiX Telematics (South Africa), Zonar Systems (US), Teletrac Navman (US), Spireon (US), Lytx (US), Volkswagen Commercial Vehicles (Germany), Motive (US), Nauto (US), GreenRoad Technologies (Israel) and Otonomo Technologies (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Commercial Vehicle Telematics market by and Region.
On the basis of geography, the market of Commercial Vehicle Telematics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by By Sales Channel, the sub-segment i.e. OEMs will boost the Commercial Vehicle Telematics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by By Vehicle Type, the sub-segment i.e. Light Commercial Vehicles will boost the Commercial Vehicle Telematics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by By Offering, the sub-segment i.e. Software will boost the Commercial Vehicle Telematics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by By Propulsion Type, the sub-segment i.e. IC Engine Vehicles will boost the Commercial Vehicle Telematics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The connected truck market is growing in part to the rising production of light-duty trucks
Market Growth Drivers:
There is a growing need to limit fuel use and vehicle downtime.
Challenges:
Gaps in real-time communication brought on by blind patches in-network coverage
Restraints:
The complex nature of telematics solution integration
Opportunities:
Boosting Cooperation and Partnership for Telematics Components
Market Leaders and their expansionary development strategies
On October 2023, Geotab and DKG Group, one of Australia's top suppliers of cutting-edge risk-measured insurance products, announced a collaboration. As part of the collaboration, DKG will introduce Fuse Fleet, a behavior-based insurance program that incentivizes safe driving and makes premium pricing accurate, to Geotab users.
On July 2020, Tata Motors unveiled Fleet Edge, a cutting-edge connected fleet management platform, Fleet Edge offers breakdown and fuel use information in addition to real-time vehicle tracking.
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.