HOME Top Market Reports Commercial Vehicle Telematics Market by Solution (Fleet Tracking and Monitoring, Driver Management, Insurance Telematics, Safety and Compliance, and V2X Solutions), Service, Provider Type, Vertical, and Region - Global Forecast to 2022

Commercial Vehicle Telematics Market by Solution (Fleet Tracking and Monitoring, Driver Management, Insurance Telematics, Safety and Compliance, and V2X Solutions), Service, Provider Type, Vertical, and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: July 2017
Report Code: TC 2433

 

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The commercial vehicle telematics market is expected to grow from USD 7.31 Billion in 2017 to USD 18.43 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 20.3%. The base year considered for the study is 2016 and the forecast period is 2017-2022.

Objectives of the Study

  • To determine and forecast the global commercial vehicle telematics market on the basis of types (solutions and services), provider types, verticals, and regions from 2017 to 2022, and analyze the various macro and microeconomic factors that affect the market growth
  • To forecast the size of market segments with respect to 5 main regions, namely, North America, Europe, Latin America, Asia Pacific (APAC), and Middle East and Africa (MEA)
  • To provide detailed information regarding the major factors influencing the growth of the commercial vehicle telematics market (drivers, restraints, opportunities, and challenges)
  • To analyze each submarket with respect to individual growth trends, future prospects, and contribution to the total market
  • To analyze the opportunities in the market for stakeholders by identifying high-growth segments of the market
  • To profile key market players, provide comparative analysis on the basis of business overviews, regional presence, product offerings, business strategies, and key financials, and to illustrate the competitive landscape of the market.
  • To track and analyze competitive developments, such as Mergers and Acquisitions, product developments, partnerships and collaborations, and Research and Development (R&D) activities in the market

The research methodology used to estimate and forecast the commercial vehicle telematics market began with the capturing of data on the key vendor revenues. The market size of the individual segments was determined through various secondary sources: industry associations such as The Auto Care Association and Taiwan Telematics Industry Association (TTIA); white papers; and journals such as Directory of Open Access Journals (DOAJ), and International Journal of Mobile Network Communications & Telematics (IJMNCT). The vendor offerings were also taken into consideration to determine the market segmentations. The bottom-up procedure was employed to arrive at the overall market size of the global commercial vehicle telematics market from the individual technology segment. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key industry personnel, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The breakdown of the profiles of the primary discussion participants is depicted in the figure below:

Commercial Telematics Market

To know about the assumptions considered for the study, download the pdf brochure

The commercial vehicle telematics market ecosystem includes players such as PTC, Inc. (US), Trimble Inc. (US), TomTom Telematics BV (Netherlands), Verizon Telematics, Inc. (US), Mix Telematics International (Pty) Ltd (South Africa), Zonar Systems, Inc. (US), Octo Telematics Ltd. (UK), Omnitracs LLC (US), Masternaut Limited. (UK), Microlise Group Ltd. (UK), Inseego Corporation (US), and Volkswagen Commercial Vehicles (UK).

Key Target Audience

  • Automotive Original Equipment Manufacturers (OEMs)
  • Compliance regulatory authorities
  • Government agencies
  • Information technology (IT) companies
  • Investors and Venture Capitalists (VC)
  • Professional and managed service providers
  • Road safety authorities
  • Telecommunication companies
  • Telematics solution providers (TSP)
  • Value-Added Resellers (VARs) and distributors

Scope of the Report

The commercial vehicle telematics market takes in account, the commercial vehicles’ adoption and deployment of telematics technology to achieve control over the vehicle along with improved productivity and increased operational efficiency.

By Type

  • Solution
    • Fleet tracking and monitoring
    • Driver management
    • Insurance Telematics
    • Safety and compliance
    • V2X solutions
    • Others
  • Service
    • Professional services
    • Managed services

By Provider Type

  • OEM
  • Aftermarket

By Vertical

  • Transportation and Logistics
  • Media and Entertainment
  • Government and Utilities
  • Travel and Tourism
  • Construction
  • Healthcare
  • Education

By Region

  • North America
  • Europe
  • APAC
  • MEA
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customization as per the company’s specific requirements. The following customization options are available for the report:

Geographic Analysis

  • Further country-level breakdown of the North American commercial vehicle telematics market
  • Further country-level breakdown of the European market
  • Further country-level breakdown of the APAC market
  • Further country-level breakdown of the MEA market
  • Further country-level breakdown of the Latin American market

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Microquadrant Research Methodology
    2.4 Research Assumptions and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Market Opportunities in the Commercial Vehicle Telematics Market
    4.2 Market By Region, 2017 vs 2022
    4.3 Market By Type, 2017 vs 2022
    4.4 Market By Solution, 2017–2022
    4.5 Market By Service, 2017–2022
    4.6 Lifecycle Analysis, By Region, 2017
    4.7 Market Investment Scenario

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Architecture
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Adoption of Ngtp Would Enhance the Telematics Service Delivery
                    5.3.1.2 Proliferation of Telematics Technology Due to Decreasing Sensor and Connectivity Cost
                    5.3.1.3 Growing Government Mandate for Deploying Vehicle Tracking in Commercial Vehicles
                    5.3.1.4 Rising Demand for Smartphones Supplements the Adoption of Telematics Solutions and Services
           5.3.2 Restraints
                    5.3.2.1 Increased Communication, Leading to Security and Privacy Concern
           5.3.3 Opportunities
                    5.3.3.1 ELD Mandate Offers A New Revenue Stream Opportunity for the Existing Vendors
                    5.3.3.2 Telematics Data Can Be Harnessed to Make Better-Informed Business Decisions
           5.3.4 Challenges
                    5.3.4.1 Legacy Telematics Hardware Capabilities Hinder the Efficiency of Data Communication With Advanced Computing Processing Units
                    5.3.4.2 Complete Network Coverage and Elimination of Blind Spots
                    5.3.4.3 Lack of A Standardized System

6 Commercial Vehicle Telematics Market Analysis, By Type (Page No. - 39)
    6.1 Introduction
    6.2 Solutions
           6.2.1 Fleet Tracking and Monitoring
                    6.2.1.1 Location Tracking
                    6.2.1.2 Dynamic Routing
                    6.2.1.3 Remote Diagnostics
                    6.2.1.4 Engine Predictive Maintenance
                    6.2.1.5 Fuel Management
           6.2.2 Driver Management
                    6.2.2.1 Driver Behavior Assessment
                    6.2.2.2 Driver Information System
                    6.2.2.3 Drive Time Analysis
           6.2.3 Insurance Telematics
           6.2.4 Safety and Compliance
           6.2.5 V2X Solutions
           6.2.6 Others
    6.3 Services
           6.3.1 Professional Services
                    6.3.1.1 Consulting
                    6.3.1.2 System Integration and Deployment
                    6.3.1.3 Support and Maintenance
           6.3.2 Managed Services

7 Commercial Vehicle Telematics Market Analysis, By Provider Type (Page No. - 59)
    7.1 Introduction
    7.2 OEM
    7.3 Aftermarket

8 Commercial Vehicle Telematics Market Analysis, By Vertical (Page No. - 63)
    8.1 Introduction
    8.2 Transportation and Logistics
    8.3 Government and Utilities
    8.4 Travel and Tourism
    8.5 Construction
    8.6 Education
    8.7 Healthcare
    8.8 Media and Entertainment

9 Geographic Analysis (Page No. - 71)
    9.1 Introduction
    9.2 North America
    9.3 Europe
    9.4 Asia Pacific
    9.5 Middle East and Africa
    9.6 Latin America

10 Competitive Landscape (Page No. - 98)
     10.1 Microquadrant Overview
             10.1.1 Visionary Leaders
             10.1.2 Innovators
             10.1.3 Dynamic Differentiators
             10.1.4 Emerging Companies
     10.2 Competitive Benchmarking
             10.2.1 Strength of Product Portfolio Adopted By Major Players in the Commercial Vehicle Telematics Market
             10.2.2 Business Strategy Excellence Adopted By Major Players in the Commercial Vehicle Telematics Market

11 Company Profiles (Page No. - 103)
(Business Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments)*
     11.1 PTC, Inc.
     11.2 Trimble Inc.
     11.3 Tomtom Telematics Bv
     11.4 Verizon Telematics, Inc.
     11.5 Mix Telematics International (PTY) Ltd.
     11.6 Zonar Systems, Inc.
     11.7 OCTO Telematics Ltd.
     11.8 Omnitracs, LLC
     11.9 Masternaut Limited
     11.10 Microlise Group Ltd.
     11.11 Inseego Corporation
     11.12 Volkswagen Commercial Vehicles

*Details on Business Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 141)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets Subscription Portal
     12.3 Introducing RT: Real-Time Market Intelligence
     12.4 Available Customization
     12.5 Related Reports
     12.6 Author Details


List of Tables (81 Tables)

Table 1 United States Dollar Exchange Rate, 2014–2016
Table 2 Commercial Vehicle Telematics Market Size, By Type, 2015–2022 (USD Million)
Table 3 Market Size By Solution, 2015–2022 (USD Million)
Table 4 Solutions: Market Size By Region, 2015–2022 (USD Million)
Table 5 Fleet Tracking and Monitoring Market Size, By Type, 2015–2022 (USD Million)
Table 6 Fleet Tracking and Monitoring Market Size, By Region, 2015–2022 (USD Million)
Table 7 Location Tracking Market Size, By Region, 2015–2022 (USD Million)
Table 8 Dynamic Routing Market Size, By Region, 2015–2022 (USD Million)
Table 9 Remote Diagnostics Market Size, By Region, 2015–2022 (USD Million)
Table 10 Engine Predictive Maintenance Market Size, By Region, 2015–2022 (USD Million)
Table 11 Fuel Management Market Size, By Region, 2015–2022 (USD Million)
Table 12 Driver Management Market Size, By Type, 2015–2022 (USD Million)
Table 13 Driver Management Market Size, By Region, 2015–2022 (USD Million)
Table 14 Driver Behavior Assessment Market Size, By Region, 2015–2022 (USD Million)
Table 15 Driver Information System Market Size, By Region, 2015–2022 (USD Million)
Table 16 Drive Time Analysis Market Size, By Region, 2015–2022 (USD Million)
Table 17 Insurance Telematics Market Size, By Region, 2015–2022 (USD Million)
Table 18 Safety and Compliance Market Size, By Region, 2015–2022 (USD Million)
Table 19 V2X Solutions Market Size, By Region, 2015–2022 (USD Million)
Table 20 Other Solutions Market Size, By Region, 2015–2022 (USD Million)
Table 21 Commercial Vehicle Telematics Market Size, By Service, 2015–2022 (USD Million)
Table 22 Services: Market Size By Region, 2015–2022 (USD Million)
Table 23 Professional Services Market Size, By Type, 2015–2022 (USD Million)
Table 24 Professional Services Market Size, By Region, 2015–2022 (USD Million)
Table 25 Consulting Market Size, By Region, 2015–2022 (USD Million)
Table 26 System Integration and Deployment Market Size, By Region, 2015–2022 (USD Million)
Table 27 Support and Maintenance Market Size, By Region, 2015–2022 (USD Million)
Table 28 Managed Services Market Size, By Region, 2015–2022 (USD Million)
Table 29 Commercial Vehicle Telematics Market Size, By Provider Type, 2015–2022 (USD Million)
Table 30 OEM: Market Size By Region, 2015–2022 (USD Million)
Table 31 Aftermarket: Market Size By Region, 2015–2022 (USD Million)
Table 32 Commercial Vehicle Telematics Market Size, By Vertical, 2015–2022 (USD Million)
Table 33 Transportation and Logistics: Market Size By Region, 2015–2022 (USD Million)
Table 34 Government and Utilities: Market Size By Region, 2015–2022 (USD Million)
Table 35 Travel and Tourism: Market Size By Region, 2015–2022 (USD Million)
Table 36 Construction: Market Size By Region, 2015–2022 (USD Million)
Table 37 Education: Market Size By Region, 2015–2022 (USD Million)
Table 38 Healthcare: Market Size By Region, 2015–2022 (USD Million)
Table 39 Media and Entertainment: Market Size By Region, 2015–2022 (USD Million)
Table 40 Commercial Vehicle Telematics Market Size, By Region, 2015–2022 (USD Million)
Table 41 North America: Market Size By Type, 2015–2022 (USD Million)
Table 42 North America: Market Size By Solution, 2015–2022 (USD Million)
Table 43 Fleet Tracking and Monitoring Market Size, By Type, 2015–2022 (USD Million)
Table 44 Driver Management Market Size, By Type, 2015–2022 (USD Million)
Table 45 North America: Market Size By Service, 2015–2022 (USD Million)
Table 46 Professional Services: Market Size By Type, 2015–2022 (USD Million)
Table 47 North America: Market Size By Provider Type, 2015–2022 (USD Million)
Table 48 North America: Market Size By Vertical, 2015–2022 (USD Million)
Table 49 Europe: Market Size By Type, 2015–2022 (USD Million)
Table 50 Europe: Market Size By Solution, 2015–2022 (USD Million)
Table 51 Fleet Tracking and Monitoring Market Size, By Type, 2015–2022 (USD Million)
Table 52 Driver Management Market Size, By Type, 2015–2022 (USD Million)
Table 53 Europe: Market Size By Service, 2015–2022 (USD Million)
Table 54 Professional Services: Market Size By Type, 2015–2022 (USD Million)
Table 55 Europe: Market Size By Provider Type, 2015–2022 (USD Million)
Table 56 Europe: Market Size By Vertical, 2015–2022 (USD Million)
Table 57 Asia Pacific: Market Size By Type, 2015–2022 (USD Million)
Table 58 Asia Pacific: Market Size By Solution, 2015–2022 (USD Million)
Table 59 Fleet Tracking and Monitoring Market Size, By Type, 2015–2022 (USD Million)
Table 60 Driver Management Market Size, By Type, 2015–2022 (USD Million)
Table 61 Asia Pacific: Commercial Vehicle Telematics Market Size By Service, 2015–2022 (USD Million)
Table 62 Professional Services: Market Size, By Type, 2015–2022 (USD Million)
Table 63 Asia Pacific: Market Size, By Provider Type, 2015–2022 (USD Million)
Table 64 Asia Pacific: Market Size, By Vertical, 2015–2022 (USD Million)
Table 65 Middle East and Africa: Market Size, By Type, 2015–2022 (USD Million)
Table 66 Middle East and Africa: Market Size, By Solution, 2015–2022 (USD Million)
Table 67 Fleet Tracking and Monitoring Market Size, By Type, 2015–2022 (USD Million)
Table 68 Driver Management Market Size, By Type, 2015–2022 (USD Million)
Table 69 Middle East and Africa: Market Size By Service, 2015–2022 (USD Million)
Table 70 Professional Services: Market Size By Type, 2015–2022 (USD Million)
Table 71 Middle East and Africa: Market Size By Provider Type, 2015–2022 (USD Million)
Table 72 Middle East and Africa: Market Size By Vertical, 2015–2022 USD Million)
Table 73 Latin America: Market Size By Type, 2015–2022 (USD Million)
Table 74 Latin America: Market Size By Solution, 2015–2022 (USD Million)
Table 75 Fleet Tracking and Monitoring Market Size, By Type, 2015–2022 (USD Million)
Table 76 Driver Management Market Size, By Type, 2015–2022 (USD Million)
Table 77 Latin America: Commercial Vehicle Telematics Market Size, By Service, 2015–2022 (USD Million)
Table 78 Professional Services: Market Size By Type, 2015–2022 (USD Million)
Table 79 Latin America: Market Size By Provider Type, 2015–2022 (USD Million)
Table 80 Latin America: Market Size By Vertical, 2015–2022 (USD Million)
Table 81 Market Ranking for the Commercial Vehicle Telematics Market, 2017


List of Figures (34 Figures)

Figure 1 Commercial Vehicle Telematics Market Segmentation
Figure 2 Market Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Microquadrant: Criteria Weightage
Figure 8 Commercial Vehicle Telematics Market: Assumptions
Figure 9 Market is Expected to Witness High Growth During the Forecast Period
Figure 10 Top 3 Leading Segments for the Market in 2017
Figure 11 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 12 Electronic Logging Device Mandate is Driving the Market Toward Growth
Figure 13 Asia Pacific is Expected to Witness the Highest CAGR During the Forecast Period
Figure 14 Solutions Segment is Expected to Be the Major Contributor for the Market During the Forecast Period
Figure 15 Fleet Tracking and Monitoring Segment is Expected to Lead the Market During the Forecast Period
Figure 16 Professional Services Segment is Expected to Lead the Market in Terms of Market Share During the Forecast Period
Figure 17 Commercial Vehicle Telematics Market Architecture
Figure 18 Market Drivers, Restraints, Opportunities, and Challenges
Figure 19 Solutions Segment is Expected to Hold A Larger Market Size in the Market During the Forecast Period
Figure 20 Fleet Tracking and Monitoring Segment is Expected to Hold the Largest Market Size in the Market During the Forecast Period
Figure 21 Professional Services Segment is Expected to Hold A Larger Market Size During the Forecast Period
Figure 22 Aftermarket Segment is Expected to Have A Larger Market Size During the Forecast Period
Figure 23 Transportation and Logistics Vertical is Expected to Have the Largest Market Size During the Forecast Period
Figure 24 North America is Expected to Have the Largest Market Size for Commercial Vehicle Telematics During the Forecast Period
Figure 25 Regional Snapshot: Asia Pacific is Expected to Witness the Highest Growth Rate During the Forecast Period
Figure 26 North America: Market Snapshot
Figure 27 Asia Pacific: Market Snapshot
Figure 28 Commercial Vehicle Telematics Market (Global), Competitive Leadership Mapping, 2017
Figure 29 PTC, Inc.: Company Snapshot
Figure 30 Trimble Inc.: Company Snapshot
Figure 31 Tomtom Telematics BV: Company Snapshot
Figure 32 Verizon Telematics, Inc.: Company Snapshot
Figure 33 Mix Telematics International (PTY) Ltd.: Company Snapshot
Figure 34 Inseego Corporation: Company Snapshot

The commercial vehicle telematics market size is expected to grow from USD 7.31 Billion in 2017 to USD 18.43 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 20.3%. The major drivers of the market include growing government mandate for deploying vehicle tracking in commercial vehicles and rising demand for smartphones supplements the adoption of telematics solutions and services.

The scope of the report covers the commercial vehicle telematics market analysis by type (solutions and services), provider type, vertical, and region. The safety and compliance solutions segment is expected to grow at the highest CAGR during the forecast period owing to increasing concerns of governments across the globe for safety and compliance to avoid theft protection, accident communications and others. Various governments across the globe have passed regulations to define the driver work hours, fuel efficiency and consumption, safety policies, laws and others.

The professional services segment is expected to have the largest market share during the forecast period owing to the need of technological consulting, and continuous support and maintenance activities for the deployment of smart technologies.

The OEM telematics provider type segment is expected to grow at the highest CARG during the forecast period owing to increasing trend of providing OEM-embedded telematics solutions and due to their extensive foothold in manufacturing embedded modules and strong technological leadership.

As per the geographic analysis, Asia Pacific is expected to witness a highest growth in the commercial vehicle telematics market during the forecast period due to the untapped market strength, increasing awareness about driver safety and accident prevention, upcoming regulations to improve road safety, presence of leading OEM players, growing transportation and logistics industries, and advent of 4G LTE technology and smartphones.

Commercial Telematics Market

The major restraining factor that is limiting the commercial vehicle telematics market growth is increased communication leading to security and privacy concern, which is affecting and halting the development of government projects midway. The major vendors profiled in the report include PTC, Inc. (US), Trimble Inc. (US), TomTom Telematics BV (Netherlands), Verizon Telematics, Inc. (US), MiX Telematics International (Pty) Ltd (South Africa), Zonar Systems, Inc. (US), Octo Telematics Ltd. (UK), Omnitracs, LLC (US), Masternaut Limited (UK), Microlise Limited (UK), Inseego Corporation (US), and Volkwagen Commercial Vehicles (UK).


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