PUBLISHER: DataM Intelligence | PRODUCT CODE: 1285057
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1285057
Global Commercial Vehicle Telematics Market - 2023-2030
Market Overview
The Global Commercial Vehicle Telematics Market size reached US$ 18,851.3 million in 2022 and is projected to witness lucrative growth by reaching up to US$ 61721 million by 2030. The market is growing at a CAGR of 12.1% during the forecast period 2023-2030.
The global commercial vehicle telematics market has experienced robust growth over the past decade and is expected to continue expanding. Commercial vehicle telematics solutions provide real-time tracking, monitoring and diagnostics, allowing fleet managers to optimize vehicle performance, reduce fuel consumption and improve overall operational efficiency.
North America is capturing approximately 25% of the total global market share in the year 2022 and is expected to hold a significant market share in the global market during the forecasted period. The U.S. is the leading market in the North American commercial vehicles telematics market, which is accounting for more than 75-80% of the total regional market share.
Market Dynamics
Fleet Management Efficiency Drives the Market Growth
Fleet managers can utilize telematics data to monitor and optimize various aspects of fleet operations, such as route planning, fuel consumption, vehicle maintenance and driver behavior. By analyzing this data, fleet managers can identify inefficiencies and take proactive measures to improve overall operational efficiency. This leads to cost savings, increased productivity and better resource utilization, making telematics solutions highly attractive to fleet operators.
Limited Awareness and Understanding
Lack of awareness can lead to misconceptions and myths about telematics technology. For example, some fleet operators may believe that telematics systems invade driver privacy or create additional administrative burdens. Such misconceptions can discourage adoption and hinder market growth.
Fleet operators may be unaware of the wide range of telematics solutions available in the market. They may not be familiar with the specific features and capabilities that can address their unique operational challenges. This lack of knowledge can result in missed opportunities to improve efficiency and reduce costs.
COVID-19 Impact Analysis
The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).
Segment Analysis
The global commercial vehicle telematics market is segmented based on type, distribution channel, end-user and region.
The Rapidly Growing Manufacturing Process Drives the Transportation and Logistics Sector
As the manufacturing process expands, there is a higher demand for commercial vehicles to transport goods and materials. This growth in the number of commercial vehicles on the road creates a greater need for efficient fleet management, which can be achieved through the implementation of telematics solutions. Telematics systems provide real-time data and insights that enable manufacturers to optimize their fleets, improve operational efficiency and meet the increased transportation demands.
Geographical Analysis
Increased Awareness About Drivers' Safety in Asia-Pacific
Due to untapped market strength, increasing awareness about driver safety and accident prevention, upcoming regulations to improve road safety, the presence of leading OEM players, growing transportation & logistics industries and the introduction of 4G LTE technology and smartphones, Asia-Pacific is expected to witness significant growth in the commercial vehicle telematics market in the projected period.
Regional economic integration, free trade agreements, e-commerce and digitalization, are just a few of the primary drivers predicted to reshape the region. International firms are moving into the region to capitalize on this trend and the associated growth possibilities. India is the second fastest-growing region in the Asia-Pacific market, which approximately accounts for 25% of the regional market share.
Competitive Landscape
The major global players include: PTC Inc., Trimble Inc., TomTom Telematics Bv, Verizon Telematics, Inc., Mix Telematics International (PTY) Ltd., Zonar Systems, Inc., OCTO Telematics Ltd., Omnitracs, LLC, Masternaut Limited and Microlise Group Ltd.
Why Purchase the Report?
- To visualize the global commercial vehicle telematics market segmentation based on type, distribution channel, end-user and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of commercial vehicle telematics market level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Distribution Channel mapping available as Excel consisting of key products of all the major players.
The Global Commercial Vehicle Telematics Market Report Would Provide Approximately 61 Tables, 59 Figures and 170 Pages.
Target Audience 2023
- Manufacturers / Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
Table of Contents
1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
2. Definition and Overview
3. Executive Summary
- 3.1. Snippet by Type
- 3.2. Snippet by Distribution Channel
- 3.3. Snippet by End-User
- 3.4. Snippet by Region
4. Dynamics
- 4.1. Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. Fleet management efficiency drives the market growth
- 4.1.2. Restraints
- 4.1.2.1. Limited awareness and understanding
- 4.1.3. Opportunity
- 4.1.3.1. Rising demand for connected vehicles
- 4.1.4. Impact Analysis
- 4.1.1. Drivers
5. Industry Analysis
- 5.1. Porter's Five Forces Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
6. COVID-19 Analysis
- 6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID-19
- 6.1.2. Scenario During COVID-19
- 6.1.3. Post COVID-19 or Future Scenario
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During the Pandemic
- 6.5. Manufacturers' Strategic Initiatives
- 6.6. Conclusion
7. By Type
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 7.1.2. Market Attractiveness Index, By Type
- 7.2. Solution*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. Service
8. By Distribution Channel
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 8.1.2. Market Attractiveness Index, By Distribution Channel
- 8.2. OEM*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Aftermarket
9. By End-User
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 9.1.2. Market Attractiveness Index, By End-User
- 9.2. Transportation and Logistics*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Media and Entertainment
- 9.4. Government and Utilities
- 9.5. Travel and Tourism
- 9.6. Construction
- 9.7. Healthcare
- 9.8. Education
10. By Region
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 10.1.2. Market Attractiveness Index, By Region
- 10.2. North America
- 10.2.1. Introduction
- 10.2.2. Key Region-Specific Dynamics
- 10.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 10.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 10.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 10.2.6.1. The U.S.
- 10.2.6.2. Canada
- 10.2.6.3. Mexico
- 10.3. Europe
- 10.3.1. Introduction
- 10.3.2. Key Region-Specific Dynamics
- 10.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 10.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 10.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 10.3.6.1. Germany
- 10.3.6.2. The UK
- 10.3.6.3. France
- 10.3.6.4. Italy
- 10.3.6.5. Russia
- 10.3.6.6. Rest of Europe
- 10.4. South America
- 10.4.1. Introduction
- 10.4.2. Key Region-Specific Dynamics
- 10.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 10.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 10.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 10.4.6.1. Brazil
- 10.4.6.2. Argentina
- 10.4.6.3. Rest of South America
- 10.5. Asia-Pacific
- 10.5.1. Introduction
- 10.5.2. Key Region-Specific Dynamics
- 10.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 10.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 10.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 10.5.6.1. China
- 10.5.6.2. India
- 10.5.6.3. Japan
- 10.5.6.4. Australia
- 10.5.6.5. Rest of Asia-Pacific
- 10.6. Middle East and Africa
- 10.6.1. Introduction
- 10.6.2. Key Region-Specific Dynamics
- 10.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 10.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 10.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
11. Competitive Landscape
- 11.1. Competitive Scenario
- 11.2. Market Positioning/Share Analysis
- 11.3. Mergers and Acquisitions Analysis
12. Company Profiles
- 12.1. PTC Inc.*
- 12.1.1. Company Overview
- 12.1.2. Distribution Channel Portfolio and Description
- 12.1.3. Financial Overview
- 12.1.4. Key Developments
- 12.2. Trimble Inc.
- 12.3. TomTom Telematics Bv
- 12.4. Verizon Telematics, Inc.
- 12.5. Mix Telematics International (PTY) Ltd.
- 12.6. Zonar Systems, Inc.
- 12.7. OCTO Telematics Ltd.
- 12.8. Omnitracs, LLC
- 12.9. Masternaut Limited
- 12.10. Microlise Group Ltd.
LIST NOT EXHAUSTIVE
13. Appendix
- 13.1. About Us and Services
- 13.2. Contact Us
