Global Commercial Telematics Market Size, Trends & Growth Opportunity, By Application (Solutions, Services), By Solution Type (Automotive OEM Services, Aftermarket Telematics), By End User (Transportation and Logistics, Insurance, Healthcare, Media & Entertainment, Vehicle Manufacturers/Dealers, Government Agencies) By Region and Forecast till 2027.
Report ID : QR1001459 | Industries : Automotive and Transportation | Published On :March 2022 | Page Count : 223Global Commercial Telematics Market
The global Commercial Telematics market was valued at USD 16,871 million in 2020 which expected to reach USD 58,981.5 million by 2027 at a CAGR 13.4% from 2020-2027.
Commercial telematics refers to the technological solution used in commercial automobiles for long-distance information transmission. It is used to track vehicle diagnostics by monitoring the location and movement of vehicles using global positioning systems (GPS) and on-board diagnostic systems. It is also used to monitor trailers and non-motorized assets and to notify the fleet manager of any unauthorized movement.
Market Drivers
Commercial telematics refers to the technological solution used for long-distance transportation. One of the key factors driving the market is significant growth in the transportation industry around the world. Furthermore, widespread adoption of smart transportation systems is driving market expansion. Automobile manufacturers are integrating sophisticated connectivity solutions to provide more accurate insights about the vehicles as the use of digital devices such as smartphones, laptops, and tablets grows. These solutions also help to improve vehicle efficiency, enable smart routing and tracking, provide on-road assistance, and enhance the driver's overall experience.
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Market Restraints
Supply chain execution, regulatory & policy changes, labour dependency, working capital management, and liquidity & solvency management are the major risk factors for commercial telematics market participants. Commercial telematics is a high-end technological solution that requires a significant capital investment on the part of the end user.
Impact of COVID-19
Commercial telematics refers to the technological solution used for long-term COVID-19 crisis restrictions in end users such as automotive manufacturers, insurance, and fleet owners. End-user demand has decreased due to limited operational activity, and their primary focus has shifted to the origination's core competencies. These industries' overall production activities have decreased as a result of operations with limited workforce capacity, inadequate health safety measures, and changes in consumer sentiment.
Market Segmentation
The Global Commercial Telematics Market is segmented into Application, Solution Type, Distribution Channel and Growing System. By Application such as Solutions, Services. By Solution Type such as Automotive OEM Services, Aftermarket Telematics. By End User such as Transportation and Logistics, Insurance, Healthcare, Media & Entertainment, Vehicle Manufacturers/Dealers, Government Agencies.
Regional Analysis
Global Commercial Telematics Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America has been the biggest patient entryway market. Rising fuel prices, combined with advancements in mobile connectivity across the automotive industry, present a number of growth opportunities. A high demand for connected vehicles is one of the primary factors expected to fuel commercial telematics market demand over the next seven years.
Key Players
Various key players are listed in this report such as 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.
Market Taxonomy
By Application
- Solutions
- Services
By Solution Type
- Automotive OEM Services
- Aftermarket Telematics
By End User
- Transportation and Logistics
- Insurance
- Healthcare
- Media & Entertainment
- Vehicle Manufacturers/Dealers
- Government Agencies
By Region
- North America
- Latin America
- Europe
- China
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Commercial Telematics Market?
- What will be the growth rate from 2020 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
Global Commercial Telematics Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Commercial Telematics Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Commercial Telematics Market, By Application
5.1 Y-o-Y Growth Comparison, By Application
5.2 Global Commercial Telematics Market Share Analysis, By Application
5.3 Global Commercial Telematics Market Size and Forecast, By Application
5.3.1 Solutions
5.3.2 Services
6 Global Commercial Telematics Market, By Solution Type
6.1 Y-o-Y Growth Comparison, By Solution Type
6.2 Global Commercial Telematics Market Share Analysis, By Solution Type
6.3 Global Commercial Telematics Market Size and Forecast, By Solution Type
6.3.1 Automotive OEM Services
6.3.2 Aftermarket Telematics
7 Global Commercial Telematics Market, By End User
7.1 Y-o-Y Growth Comparison, By End User
7.2 Global Commercial Telematics Market Share Analysis, By End User
7.3 Global Commercial Telematics Market Size and Forecast, By End User
7.3.1 Transportation and Logistics
7.3.2 Insurance
7.3.3Healthcare
7.3.4 Media & Entertainment
7.3.5 Vehicle Manufacturers/Dealers
7.3.6 Government Agencies
8 Global Commercial Telematics Market, By Region
8.1 Global Commercial Telematics Market Share Analysis, By Region
8.2 Global Commercial Telematics Market Share Analysis, By Region
8.3 Global Commercial Telematics Market Size and Forecast, By Region
9 North America Commercial Telematics Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 North America Commercial Telematics Market Share Analysis, By Application
9.3 North America Commercial Telematics Market Size and Forecast, By Solution Type
9.4 North America Commercial Telematics Market Size and Forecast, By End User
9.6 North America Commercial Telematics Market Size and Forecast, By Country
9.7.1 U.S.
9.7.2 Canada
9.7.3 Mexico
10 Europe Commercial Telematics Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Europe Commercial Telematics Market Share Analysis, By Application
10.3 Europe Commercial Telematics Market Size and Forecast, By Solution Type
10.4 Europe Commercial Telematics Market Size and Forecast, By End User
10.6 Europe Commercial Telematics Market Size and Forecast, By Country
10.6.1 Germany
10.6.2 France
10.6.3 UK
10.6.4. Rest of Europe
11 Asia Pacific Commercial Telematics Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Asia Pacific Commercial Telematics Market Share Analysis, By Application
11.3 Asia Pacific Commercial Telematics Market Size and Forecast, By Solution Type
11.4 Asia Pacific Commercial Telematics Market Size and Forecast, By End User
11.6 Asia Pacific Commercial Telematics Market Size and Forecast, By Country
11.6.1 China
11.7.2 Japan
11.8.3 India
11.8.4. Rest of Asia Pacific
12 Latin America Commercial Telematics Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Latin America Commercial Telematics Market Share Analysis, By Application
12.3 Latin America Commercial Telematics Market Size and Forecast, By Solution Type
12.4 Latin America Commercial Telematics Market Size and Forecast, By End User
12.6 Latin America Commercial Telematics Market Size and Forecast, Country
12.7.1. Brazil
12.8.2. Rest of Latin America
13 Middle East Commercial Telematics Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Middle East Commercial Telematics Market Share Analysis, By Application
13.3 Middle East Commercial Telematics Market Size and Forecast, By Solution Type
13.4 Middle East Commercial Telematics Market Size and Forecast, By End User
13.6 Middle East Commercial Telematics Market Size and Forecast, By Country
13.7.1. Saudi Arabia
13.8.2. UAE
13.8.3. Egypt
13.9.4. Kuwait
13.10.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 AirIQ Inc
15.1.1 Overview
15.1.2 Applications
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Bridgestone Corporation
15.2.1 Overview
15.2.2 Applications
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. General Motors Company
15.3.1 Overview
15.3.2 Applications
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Geotab Inc
15.4.1 Overview
15.4.2 Applications
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Masternaut Limited
15.5.1 Overview
15.5.2 Applications
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Mix Telematics International (Pty) Ltd
15.6.1 Overview
15.6.2 Applications
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Octo Telematics
15.7.1 Overview
15.7.2 Applications
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Omnitracs LLC
15.8.1 Overview
15.8.2 Applications
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Trimble Inc
15.9.1 Overview
15.9.2 Applications
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Verizon Communications Inc
15.10.1 Overview
15.10.2 Applications
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies