Commercial Vehicle Telematics Market by Application, Type, and Geography - Global Forecast and Analysis 2019-2023

  • Published: Aug 2019
  • Pages: 151
  • SKU: IRTNTR31888
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The global commercial vehicle telematics market size will grow by USD 17.21 billion during 2019-2023. This market report provides a detailed analysis of the market by application (LCVs and M&HCVs), type (embedded telematics, portable telematics, and smartphone-based telematics), and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on many market vendors, including Bridgestone Corp., Continental AG, Geotab Inc., Omnitracs LLC, Trimble Inc., and Verizon Communications Inc.

Key Insights on Commercial Vehicle Telematics Market - Global Forecast 2019-2023

Commercial-Vehicle-Telematics-Market

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Industry Overview

Applications of advanced telematics solutions are increasing in vehicle fleet operations because of their ability to optimize fuel consumption, enhance fleet efficiency, and remotely monitor vehicle components. Traditional automotive suppliers are leveraging on these benefits and are focusing on offering advanced telematics solutions themselves to facilitate business expansion. For instance, Goodyear Tire introduced predictive maintenance of tires for EV fleets. A few automotive suppliers are either merging with or acquiring telematics solutions providers to improve business opportunities. For instance, Bridgestone acquired TomTom telematics BV in April 2019. These developments are helping vendors in improving their geographic presence and establishing long-term partnerships with automotive OEMs, improving sales.

Vendors are offering advanced automotive telematics solutions such as video-based telematics, which have become essential in fleet management. Cameras have become an essential component in modern vehicles with automated systems. In addition to using cameras with sensors to monitor vehicle components and as parking assistance, they are also being considered to monitor driver behavior. Although this application is still in its nascent stage, it is one of the key commercial vehicle telematics market trends that will gain prevalence among fleet operators during 2019-2023. This is because video-based telematics will help fleet operators in mitigating human errors, reducing the chances of accidents. Such factors will drive commercial vehicle telematics market growth at a CAGR of almost 21% during 2019-2023.

Top Companies in Commercial Vehicle Telematics Market

The global commercial vehicle telematics market is moderately concentrated. To help clients improve their market positions, this commercial vehicle telematics market forecast report provides an analysis of the market’s competitive landscape and offers information on the solutions offered by various companies. This commercial vehicle telematics market analysis report also includes 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.

The report offers a detailed analysis of several leading commercial vehicle telematics solutions providers, including:

  • Bridgestone Corp.
  • Continental AG
  • Geotab Inc.
  • Omnitracs LLC
  • Trimble Inc.
  • Verizon Communications Inc.

Market Segmentation

Commercial Vehicle Telematics Market by Type

  • Embedded telematics
  • Portable telematics
  • Smartphone-based telematics

The embedded telematics segment held the largest market share in 2018. It will account for the highest commercial vehicle telematics market share over the forecast period. Increasing connectivity features in vehicles and the rising number of regulations mandating electronic logging device in the US will boost the growth of the market segment during the forthcoming years. This report provides an accurate prediction of the contribution of all the segments to the growth of the commercial vehicle telematics market size.

Commercial Vehicle Telematics Market by Region

  • APAC
  • Europe
  • MEA
  • North America
  • South America

With a complete study of the growth opportunities for companies, it has been identified that APAC will account for the highest share of the commercial vehicle telematics market throughout the forecast period. Factors such as the growing demand for vehicles with in-vehicle telematics services, rising demand for integrating navigation and safety-related solutions in vehicles, and high dependence on roadways for the transportation of goods are contributing to the commercial vehicle telematics mask market growth in this region.

Major Highlights of the Commercial Vehicle Telematics Market - Global Forecast 2019-2023

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will accelerate the growth of the commercial vehicle telematics market during the next five years
  • Precise estimation of the global commercial vehicle 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 vehicle telematics industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on several vendors
  • Comprehensive details of factors that will challenge the growth of commercial vehicle telematics companies 

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

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

PART 06: MARKET SEGMENTATION BY APPLICATION

  • Market segmentation by application
  • Comparison by application
  • LCVs - Market size and forecast 2018-2023
  • M&HCVs - Market size and forecast 2018-2023
  • Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY TYPE

  • Market segmentation by type
  • Comparison by type
  • Embedded telematics - Market size and forecast 2018-2023
  • Portable telematics - Market size and forecast 2018-2023
  • Smartphone-based telematics - Market size and forecast 2018-2023
  • Market opportunity by type

PART 09: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 12: MARKET TRENDS

  • CV telematics to play crucial role in shift toward electric trucks
  • Adoption of video-based telematics to precisely track driver behavior
  • Growing popularity of UBI among fleet operators

PART 13: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 14: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Bridgestone Corp.
  • Continental AG
  • Geotab Inc.
  • Omnitracs LLC
  • Trimble Inc.
  • Verizon Communications Inc.

PART 15: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 16: EXPLORE TECHNAVIO

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
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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
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TechnavioREPORT WRITING

Qualitative

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

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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