The global commercial telematics market is anticipated to register a significant growth of 15.8% during the forecast period. The key factors that propel the market growth include the rise in connectivity solutions and the increasing mandate for deploying vehicle tracking in commercial vehicles. Commercial telematics is a widely adopted concept in the coming vehicles which merges telecommunications and informatics. It enables communication and connects with other devices or individual users through the network. Telematics includes GPS systems to navigation systems and allows them to obtain real-time access to the vehicle. It offers many features in vehicles ranging from hands-free mobile calling to the safety and security of the driver. The rising demand for safety, security & comfort during the transportation is another major factor to motivate the adoption of commercial telematics. Technological advancement enabled the market players to offer innovative solutions such as fleet/asset management, telehealth solutions, navigation, and location-based systems. Besides, favorable Government regulations and compliances for safety and security in vehicles are boosting the global commercial telematics market.
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Consulting & design, automotive data services, integration & deployment, and so on are among the widely adopted commercial telematics services across the globe. The rising adoption of smart transportation systems such as vehicle automation along with rising demand for concept cars is anticipated to propel the growth of the commercial telematics market. Development in advanced driver assistance systems (ADAS) & the rise in the adoption of electric vehicles are creating a huge scope for the commercial telematics market to grow. However, the high cost of service, lack of awareness, and availability of standardized systems are the key concern for the global commercial telematics market to grow.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Commercial Telematics Market by Solution
- Fleet Tracking and Monitoring
- Driver Management
- Insurance Telematics
- Safety & Compliance
- V2V and V2X systems
- Others (Fuel Monitoring)
Global Commercial Telematics Market by End-User
- Insurance
- Government and Utilities
- Healthcare
- Media and Entertainment
- Transportation & Logistics
- Others (Manufacturing)
Global Commercial Telematics Market by Sales Channel
- OEM
- Aftermarket
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Actsoft Inc.
- Agero Inc.
- AirIQ Inc.
- Aplicom Ltd.
- Box Telematics Ltd.
- Calapm Corp.
- Ctrack (Inseego Corp.)
- Continental AG
- Geotab Inc.
- GPS Insight
- Infotrack Telematics Plc
- Kore Wireless Group, Inc.
- Mix Telematics Ltd.
- Octo Telematics S.p.A
- ORBCOMM Inc.
- Sprint Telematics Ltd.
- Tantalum Corp.
- Tata Motors Ltd.
- Telit Communications Plc Telefonica, S.A.
- WEX Inc.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global commercial telematics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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