Commercial telematics is an integrated solution consists of vehicle monitoring systems, mobile communication and location technology. The term telematics is used to define vehicles that are connected via wireless technology namely GPS. Commercial telematics applications include trailer tracking, vehicle tracking, fleet management, cold storage freight logistics, satellite navigation, mobile television and mobile data. The government regulations for energy efficiency and safety are pushing the automotive industry and providers to develop innovative solutions in the commercial telematics market. The latest solutions are V2I, V2V and electric vehicle charging among others. Increasing demand for connectivity solutions such as LTE and 3G networks is driving this market.
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The commercial telematics market can be segmented into two major types into commercial telematicstypes and applications. The commercial telematics type segment consists aftermarket telematics, OEM telematics, while the end user segment consists of manufacturing, construction, transportation and logistics, government, insurance and healthcare. The market can also be segmented geographically into North America, Europe, Asia Pacific and RoW (Rest of the World). The commercial telematics market across the globe is expected to show a substantial growth in CAGR, from 2013 to 2019. There is a significant increase in the commercial telematics market because it increases safety and improves energy efficiency.
Some of the key drivers of this market include low cost, government regulations & initiatives and increasing use of smart phones, which are biggest revenue generator for commercial telematics market. Some of the key restraints to this market are lack of standardization in systems and concern for privacy. Increased penetration into insurance market shows huge opportunity for key players in this market. Some of the key players in the commercial telematics market are Masternaut, General Motors, Mix Telematics, Orbocomm, Telogis, Omnitracs, Verizon Tomtom, Trimble and Volvo.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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