Commercial Vehicle Telematics: Worldwide Market Opportunities to 2024 - Increasing Adoption of Next Generation Telematics Protocols (NGTP) is Driving Growth
DUBLIN, Dec 13, 2018 /PRNewswire/ --
The "Global Commercial Vehicle Telematics Market- Technologies, Market Share and Industry Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
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The global commercial vehicle telematics market is expected to grow with a CAGR of about 21% during the forecast period of 2017-2024.
Adoption of Next Generation Telematics Protocol (NGTP) in commercial vehicles is adding growth in the global commercial vehicle telematics market. However, concerns regarding security and privacy and lack of standardization are the factors restraining the growth of the global commercial vehicle telematics market during the forecast period.
Geographically, North America accounted for the largest market share in terms of revenue for commercial vehicle telematics market in 2017 and the region is expected to dominate the market during the forecast period. The dominance of the region is attributed to early adoption of telematics technology for commercial vehicle in countries of North America.
Furthermore, Asia Pacific is expected to be the fastest growing region for commercial vehicle telematics market during the forecast period. The highest growth rate in the region is attributed to presence of developing countries such as China, Japan, India, South Korea etc. in the region which are the largest producers and manufacturers of automobiles.
The growth in global commercial vehicle telematics market is also influenced by the presence of major players such as PTC Inc. (U.S.), Verizon Telematics Inc. (U.S.), Mix Telematics International (South Africa), Tomtom Telematics B.V. (Netherlands), Trimble Inc. (U.S.) etc. Major players adopt strategies such as mergers & acquisitions, product launch etc. to gain competitive advantage.
Global commercial vehicle telematics market report covers segmentation analysis of type, provider and vertical.
The report further covers segments of type which includes service and solution. Sub segments of solution include fleet tracking and monitoring, driver management, insurance telematics, safety and compliance, V2X solutions and other solutions. Safety and compliance solution are expected to dominate the segment during the forecast period owing to concerns regarding safety and security of commercial vehicle telematics.
Sub segments of service include professional services and managed services. Professional service is expected to dominate the segment during the forecast period owing to deployment of smart solutions.
Provider segment of commercial vehicle telematics is divided as aftermarket and OEMs. OEM is expected to dominate the segment during the forecast period. Large growth in the segment is observed due to collaborations of manufacturing companies with telematics providers.
Moreover, the verticals adopting commercial vehicle telematics include construction, education, government and utilities, healthcare, media and entertainment, transportation & logistics and travel & tourism.
Key Topics Covered
1. Introduction
1.1. Executive Summary
1.2. Estimation Methodology
2. Market Overview
2.1. Global Commercial Vehicle Telematics Market: Evolution & Transition
2.2. Market Definition & Scope
2.3. Industry Structure
2.4. Regulatory Framework
2.5. Total Market Analysis
2.6. Estimation Analysis
2.7. Strategic Analysis
2.8. Competitive Analysis
2.9. Strategic Recommendations & Key Conclusions
3. Market Determinants
3.1. Market Drivers
3.1.1. Rising Demand For Smartphones
3.1.2. Government Initiatives For Deployment Of Vehicle Tracking
3.1.3. Increasing Adoption Of Next Generation Telematics Protocols (Ngtp)
3.1.4. Increasing Adoption Of Sensors
3.1.5. Increasing Demand For Fleet Management Services
3.2. Market Restraints
3.2.1. Concerns Regarding Security And Privacy
3.3. Market Opportunities
3.3.1. Increasing Adoption Of Telematics In Business Sector
3.3.2. Eld Mandate Offers New Revenue Stream Opportunity For Existing Business
3.4. Market Challenges
3.4.1. Lack Of Standardization
3.4.2. Complete Network Coverage And Elimination Of Blind Spots
4. Market Segmentation
4.2. Commercial Vehicle Telematics Market By Provider
4.3. Commercial Vehicle Telematics Market By Vertical
5. Competitive Landscape
5.1. Key Strategies
6. Geographical Analysis
6.1. Decision Support Database & Estimation Methodology
6.2. Comparative Analysis Across Market Segments
6.3. Opportunity Matrix
6.4. Global Commercial Vehicle Telematics Market By Region 2015-2024 ($ Million)
7. Company Profiles
7.1. PTC Inc. (U.S.)
7.2. Trimble Inc. (U.S.)
7.3. Tomtom Telematics Bv (Netherlands)
7.4. Verizon Telematics Inc. (U.S.)
7.5. Mix Telematics International (South Africa)
7.6. Zonar Systems Inc. (U.S.)
7.7. Octo Telematics Ltd. (U.K.)
7.8. Omnitracs Llc (U.S.)
7.9. Mastenaut Limited (U.K.)
7.10. Microlise Group Ltd. (U.K.)
7.11. Inseego Corporation (U.S.)
7.12. Volkswagen Commercial Vehicles (U.K.)
7.13. Trimble Navigation (U.S.)
7.14. Harman International (U.S.)
7.15. AT&T (U.S.)
For more information about this report visit https://www.researchandmarkets.com/research/gvq66l/commercial?w=5
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