Commercial Telematics Market by Product, Platform, and Geography - Forecast and Analysis 2021-2025

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR41390
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The commercial telematics market size has the potential to grow by USD 12.00 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.87%. 

This report provides a detailed analysis of the market by product (solutions and services), platform (embedded systems, tethered systems, and smartphone integration systems), and geography (North America, Europe, APAC, South America, and MEA). 

Commercial Telematics Market Share

Commercial-Telematics-Market-Market-Size-2020-2025

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • AB Volvo
  • Bridgestone Corp.
  • Continental AG
  • General Motors Co.
  • Geotab Inc.
  • Omnitracs LLC
  • Trimble Inc.
  • Verizon Communications Inc.
  • Visteon Corp.
  • Volkswagen AG

 

The commercial telematics market is fragmented and the vendors are deploying growth strategies such as developing communication protocols that support high-bandwidth networks for automotive OEMs to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as increasing adoption of driver assistance systems to achieve growth opportunities. However, factors such as the complexity of telematics software and hardware design will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the commercial telematics market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This commercial telematics market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Commercial Telematics Market: Key Drivers and Trends

  • The increasing development of advanced driver assistance systems is boosting the growth of the market.
  • Autonomous vehicles have the capability of reaching places such as the inside of a volcano and can also perform tasks that need a high level of concentration.
  • Recent years have witnessed the incorporation of advanced driver assistance systems such as digital maps in high-end cars, which will boost the demand for commercial telematics solutions.
  • Vendors are focusing on the development of usage-based insurance (UBI) in connected cars and smart apps, which will also contribute to the growth of the commercial telematics market.
  • The use of advanced analytics on telematics data, one of the critical commercial telematics market trends, will drive market growth during the forecast period.
  • Companies have adopted telematics to attain transparency with end-users.
  • OEMs in the market are collaborating with telecom operators to provide better services for end-users.
  • Insurance companies have started adopting telematics for real-time monitoring.
  • Intel and Cloudera use telematics data to identify high or low-risk clients to help an auto insurance company personalize their auto insurance coverage. 

 

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Commercial Telematics Market: Segmentation by Geography

Commercial-Telematics-Market-Market-Share-by-Region-2020-2025

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33% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for commercial telematics in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Commercial Telematics Market: Segmentation by Product

Commercial-Telematics-Market-Market-Share-by-Product-2020-2025

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The commercial telematics market share growth by the solutions segment will be significant during the forecast period. Automotive telematics combines telecommunications and informatics to deliver solutions such as navigation, infotainment, diagnosis, as well as safety and security. The adoption of telematics solutions in the healthcare industry is expected to witness rapid growth during the forecast period.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the commercial telematics market size.

 

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Key Highlights of the Commercial Telematics Market Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive commercial telematics market growth during the next five years
  • Precise estimation of the commercial telematics market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the commercial telematics industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of commercial telematics market vendors

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Commercial Telematics Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6%

Market growth 2021-2025

USD 12.00 billion

Market structure

Fragmented

YoY growth (%)

2.50

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

APAC at 33%

Key consumer countries

US, China, Germany, UK, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

AB Volvo, Bridgestone Corp., Continental AG, General Motors Co., Geotab Inc., Omnitracs LLC, Trimble Inc., Verizon Communications Inc., Visteon Corp., and Volkswagen AG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five Forces Summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Solutions - Market size and forecast 2020-2025
    • Services - Market size and forecast 2020-2025
    • Market opportunity by Product

    Market Segmentation by Platform

    • Market segments
    • Comparison by Platform
    • Embedded systems - Market size and forecast 2020-2025
    • Tethered systems - Market size and forecast 2020-2025
    • Smartphone integration systems - Market size and forecast 2020-2025
    • Market opportunity by Platform

    Customer landscape

    • Customer Landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • APAC - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • AB Volvo
    • Bridgestone Corp.
    • Continental AG
    • General Motors Co.
    • Geotab Inc.
    • Omnitracs LLC
    • Trimble Inc.
    • Verizon Communications Inc.
    • Visteon Corp.
    • Volkswagen AG

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    The commercial telematics market growth will increase by $23.15 billion during 2019-2024.
    The commercial telematics market is expected to grow at a CAGR of 9.62% during 2019-2024.
    Technavio has segmented the commercial telematics market by product (Solutions and Services) and geographic (North America, Europe, APAC, and South America).
    Bridgestone Corp., Continental AG, General Motors Co., Geotab Inc., Omnitracs LLC, Trimble Inc., Verizon Communications Inc., Visteon Corp., Volkswagen Group, Volvo Group are a few of the key vendors in the commercial telematics market.
    North America will register the highest growth rate of 32.13% among the other regions. Therefore, the commercial telematics market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the commercial telematics market growth are:
    • Increasing adoption of driver assistance systems
    • Business strategies
    The commercial telematics market vendors should focus on grabbing business opportunities from the solutions segment as it accounted for the largest market share in the base year.
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