Overview of the commercial vehicle telematics market in Europe

Owing to the increased consolidation of logistics players and growing demand for fleet tracking to reduce losses, the logistics sector will be the major contributor to the fleet management services. Fleet tracking is useful to mitigate transit losses and reduce fuel expenses. Technavio’s market study identifies the growing need for fleet management solutions to be one of the primary growth factors for the commercial vehicle telematics market in Europe. Implementation of vehicle tracking system also reduces the number of empty runs and the overall fuel costs. Advanced fleet management solutions offer features such as vehicle management, load monitoring, driver management, and logistics management. Our market analysts estimate that the market will post a CAGR of close to 14% by 2022.

The growing usage of telematics services for truck platooning is one of the key factors driving the growth of the commercial vehicles telematics market in Europe. Truck platooning involves two or more trucks travelling in a convoy, following closely using connectivity technology and automated driving systems. Implementation of truck platooning with telematics aids in better tracking of the truck platoon and reduced platoon disconnection. Also, the truck industry in Europe has high growth potential in terms of smart driving. 

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Companies covered

The commercial vehicle telematics market in Europe is fragmented due to the presence of numerous vendors. This market research report includes information about the companies in this marketspace and their products. Additionally, the report also provides an analysis of the market’s competitive landscape and suggests strategies the companies can follow to sustain the competition in this vehicle tracking device market.

This research report provides an analysis of the various companies in this market including –   

• TomTom International  
• Continental       
• Trimble
• Bosch   
• Verizon Telematics*

Segmentation by application and analysis of the commercial vehicle telematics market in Europe

• LCV
• M&HCV

Commercial vehicle telematics are primarily applied in light commercial vehicles (LCV) throughout the forecast period. The growing emphasis on regulations and increasing consumer demand for higher safety and better driving experiences will drive the growth of the LCV application segment in the vehicle tracking device market.

Geographical segmentation and analysis of the commercial vehicle telematics market in Europe

• The UK
• Germany
• France

UK will be the major revenue contributor to the commercial vehicle telematics market in Europe throughout the forecast period. The increasing regulatory compliance in Europe is encouraging the vehicle manufacturers to offer factory-installed fleet telematics solutions. Telematic solution providers in Europe are offering advanced automotive telematics solutions.

Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the commercial vehicle telematics market in Europe?
• What are the key market trends impacting the growth of the commercial vehicle telematics market in Europe?
• What are the challenges to market growth?
• Who are the key vendors in the commercial vehicle telematics market in Europe?
• What are the market opportunities and threats faced by the vendors in the commercial vehicle telematics market in Europe?
• Trending factors influencing the market shares of Europe.
• What are the key outcomes of the five forces analysis of the commercial vehicle telematics market in Europe?

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