HOME › Press Releases › Commercial Vehicle Telematics Market worth 47.58 Billion USD by 2020
Commercial Vehicle Telematics Market worth 47.58 Billion USD by 2020
The report “Commercial Vehicle Telematics Market by Type (OEM, Aftermarket), Solutions (Fleet Management, Navigation, Infotainment, Telehealth, Safety, Insurance), Services (Design, Integration, Training), User Type, Region - Global Market Forecast & Analysis (2015-2020)”, segments the global market into various sub-segments with in-depth analysis and forecasting of revenues. It also identifies the drivers and restraints for this market with insights into trends, opportunities, and challenges.
Browse 72 tables and 42 figures spread through 119 pages and in-depth TOC on "Commercial Vehicle Telematics Market - Global Market Forecast & Analysis (2015-2020)"
Early buyers will receive 10% customization on reports.
Navigation, communication, safety, and vehicle problem diagnostics have always been the concern areas of vehicle drivers, transporters, and passengers. The advent of technology, provided a fitting solution to these concerns, the commercial telematics solutions. The commercial telematics market comprises companies which provide the customers with solutions and services that cater to their navigational, vehicular communication, safety and security, and similar needs. Companies such Volvo, Telogis, and MasterNaut provide advanced onboard and portable systems for the commercial telematics market. The commercial telematics market has been a growing trend since the past decade as a result of the decreasing costs of connectivity throughout the globe. Furthermore, with the development of technologies such as VoIP, LTE and others, the telematics market is expected to growth in the coming years.
Consumers’ and enterprises’ demand for telematics devices has increased over the period of time. Enterprises are continuously leveraging the benefits of telematics such as GPS fleet tracking to help streamline overall operations and detect anomalies, vehicle safety, and fleet management. In the consumer segment the majority of applications are automotive navigation, infotainment solutions, real-time vehicle information and reporting. The continuous increase in vehicle production and increased use of infotainment devices would play a crucial role in the growth of the telematics market.
MarketsandMarkets has segmented the global commercial telematics market by type of solution provider; OEM telematics, aftermarket telematics; by type of solution: fleet management, navigation and location based services, infotainment systems, telehealth, insurance telematics and remote monitoring and control solutions, safety and security, compliance; by type of professional service: consulting and design, automotive data services, integration and deployment, maintenance and training services; by type of end user: automotive, transportation and logistics, healthcare, manufacturing, insurance and government, media and entertainment; by region: North America, Asia Pacific (APAC), Europe, Middle East and Africa, and Latin America.
MarketsandMarkets forecasts the global commercial telematics market to grow from USD 20.02 Billion in 2015 to USD 47.58 Billion by 2020. In terms of regions, Europe is expected to be the largest market in terms of market size, while Middle East & Africa and Asia-Pacific (APAC) are expected to experience an increase in market traction, during the forecast period. Latin America is expected to experience a high growth rate and adoption trend in this market.
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India