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PUBLISHER: IMARC Services Private Limited | PRODUCT CODE: 1206605

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PUBLISHER: IMARC Services Private Limited | PRODUCT CODE: 1206605

Commercial Telematics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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The global commercial telematics market size reached US$ 54.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 152.1 Billion by 2028, exhibiting a growth rate (CAGR) of 19.2% during 2023-2028.

Commercial telematics refers to a technological solution used to monitor a wide range of information about a vehicle or an entire fleet. It assists in monitoring deliveries, determining routes, improving vehicle efficiency, communicating with drivers, and detecting vehicle maintenance requirements. It offers transparency in operations, improves accountability and safety, enhances productivity and overall operational efficiency, and boosts route planning and fleet optimization for better performance.As a result, it is commonly used in commercial vehicles, including cargo vans, tractor-trailers, and buses, and heavy construction equipmentto gain real-time data.

Commercial Telematics Market Trends:

  • Increasing sales of commercial and passenger vehicles, coupled with rising concerns about the safety and security of the drivers and passengers, represents one of the major factors positively influencing the demand for commercial telematics worldwide. In addition, commercial telematics is widely employed in the construction industry to reducethe fuel consumption of heavy construction equipment and machinery on-site. This, in confluence with the growing construction activities worldwide on account of rapid urbanization, improving income levels, and expanding global population, is creating a positive outlook for the market. Apart from this, the integration of the internet of things (IoT) and fifth-generation (5G) technology supports the faster transfer of high-quality content,facilitates smart routing and tracking, provides on-road assistance,and enhances the experience of the users.This, along with the implementation of favorable government policies to mandate commercial vehicle tracking and the development of video-based telematics, is anticipated to provide a positive thrust to the market in the upcoming years.

Key Market Segmentation:

  • IMARC Group provides an analysis of the key trends in each sub-segment of the global commercial telematics market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, system type, provider type and end use industry.

Breakup by Type:

  • Solution
  • Fleet Tracking and Monitoring
  • Driver Management
  • Insurance Telematics
  • Safety and Compliance
  • V2X Solutions
  • Others
  • Services
  • Professional services
  • Managed services
  • Solution dominates the market as it comes with multiple advanced features that optimize the analysis of connected vehicles effortlessly.

Breakup by System Type:

  • Embedded
  • Tethered
  • Smartphone Integrated
  • The embedded represents the largest system typeas it allows vehicles to connect to the internet.

Breakup by Provider Type:

  • OEM
  • Aftermarket
  • Aftermarket holds the total market share of commercial telematics as it offers the advantages of customization, flexibility, data transparency, and cost optimization.

Breakup by End Use Industry:

  • Transportation and Logistics
  • Media and Entertainment
  • Government and Utilities
  • Travel and Tourism
  • Construction
  • Healthcare
  • Others
  • Transportation and logistics exhibit a clear dominance in the market due to expanding global trade activities and the rising demand for fleet management solutions.

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa
  • South Africa
  • Turkey
  • Saudi Arabia
  • Others
  • North America holds the majority of the global commercial telematics market share due to the rising focus on improving passenger and driver safety in the region.

Competitive Landscape:

  • The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are AirIQ Inc., Bridgestone Corporation, General Motors Company (GM), Geotab Inc., Michelin Group, MiX Telematics International (Pty) Ltd, Octo Telematics S.p.A., Omnitracs, LLC, Trimble Inc., Bell Atlantic Corporation, and Continental AG.

Key Questions Answered in This Report:

  • 1. What was the size of the global commercial telematics market in 2022?
  • 2. What is the expected growth rate of the global commercial telematics market during 2023-2028?
  • 3. What are the key factors driving the global commercial telematics market?
  • 4. What has been the impact of COVID-19 on the global commercial telematics market?
  • 5. What is the breakup of the global commercial telematics market based on the type?
  • 6. What is the breakup of the global commercial telematics market based on the system type?
  • 7. What is the breakup of the global commercial telematics market based on the provider type?
  • 8. What is the breakup of the global commercial telematics market based on the end use industry?
  • 9. What are the key regions in the global commercial telematics market?
  • 10. Who are the key players/companies in the global commercial telematics market?
Product Code: SR1323A77_Report

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Commercial Telematics Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Type

  • 6.1 Solution
    • 6.1.1 Market Trends
    • 6.1.2 Major Types
      • 6.1.2.1 Fleet Tracking and Monitoring
      • 6.1.2.2 Driver Management
      • 6.1.2.3 Insurance Telematics
      • 6.1.2.4 Safety and Compliance
      • 6.1.2.5 V2X Solutions
      • 6.1.2.6 Others
    • 6.1.3 Market Forecast
  • 6.2 Services
    • 6.2.1 Market Trends
    • 6.2.2 Major Types
      • 6.2.2.1 Professional services
      • 6.2.2.2 Managed services
    • 6.2.3 Market Forecast

7 Market Breakup by System Type

  • 7.1 Embedded
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Tethered
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Smartphone Integrated
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast

8 Market Breakup by Provider Type

  • 8.1 OEM
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Aftermarket
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast

9 Market Breakup by End Use Industry

  • 9.1 Transportation and Logistics
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 Media and Entertainment
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast
  • 9.3 Government and Utilities
    • 9.3.1 Market Trends
    • 9.3.2 Market Forecast
  • 9.4 Travel and Tourism
    • 9.4.1 Market Trends
    • 9.4.2 Market Forecast
  • 9.5 Construction
    • 9.5.1 Market Trends
    • 9.5.2 Market Forecast
  • 9.6 Healthcare
    • 9.6.1 Market Trends
    • 9.6.2 Market Forecast
  • 9.7 Others
    • 9.7.1 Market Trends
    • 9.7.2 Market Forecast

10 Market Breakup by Region

  • 10.1 North America
    • 10.1.1 United States
      • 10.1.1.1 Market Trends
      • 10.1.1.2 Market Forecast
    • 10.1.2 Canada
      • 10.1.2.1 Market Trends
      • 10.1.2.2 Market Forecast
  • 10.2 Asia Pacific
    • 10.2.1 China
      • 10.2.1.1 Market Trends
      • 10.2.1.2 Market Forecast
    • 10.2.2 Japan
      • 10.2.2.1 Market Trends
      • 10.2.2.2 Market Forecast
    • 10.2.3 India
      • 10.2.3.1 Market Trends
      • 10.2.3.2 Market Forecast
    • 10.2.4 South Korea
      • 10.2.4.1 Market Trends
      • 10.2.4.2 Market Forecast
    • 10.2.5 Australia
      • 10.2.5.1 Market Trends
      • 10.2.5.2 Market Forecast
    • 10.2.6 Indonesia
      • 10.2.6.1 Market Trends
      • 10.2.6.2 Market Forecast
    • 10.2.7 Others
      • 10.2.7.1 Market Trends
      • 10.2.7.2 Market Forecast
  • 10.3 Europe
    • 10.3.1 Germany
      • 10.3.1.1 Market Trends
      • 10.3.1.2 Market Forecast
    • 10.3.2 France
      • 10.3.2.1 Market Trends
      • 10.3.2.2 Market Forecast
    • 10.3.3 United Kingdom
      • 10.3.3.1 Market Trends
      • 10.3.3.2 Market Forecast
    • 10.3.4 Italy
      • 10.3.4.1 Market Trends
      • 10.3.4.2 Market Forecast
    • 10.3.5 Spain
      • 10.3.5.1 Market Trends
      • 10.3.5.2 Market Forecast
    • 10.3.6 Russia
      • 10.3.6.1 Market Trends
      • 10.3.6.2 Market Forecast
    • 10.3.7 Others
      • 10.3.7.1 Market Trends
      • 10.3.7.2 Market Forecast
  • 10.4 Latin America
    • 10.4.1 Brazil
      • 10.4.1.1 Market Trends
      • 10.4.1.2 Market Forecast
    • 10.4.2 Mexico
      • 10.4.2.1 Market Trends
      • 10.4.2.2 Market Forecast
    • 10.4.3 Others
      • 10.4.3.1 Market Trends
      • 10.4.3.2 Market Forecast
  • 10.5 Middle East and Africa
    • 10.5.1 South Africa
      • 10.5.1.1 Market Trends
      • 10.5.1.2 Market Forecast
    • 10.5.2 Turkey
      • 10.5.2.1 Market Trends
      • 10.5.2.2 Market Forecast
    • 10.5.3 Saudi Arabia
      • 10.5.3.1 Market Trends
      • 10.5.3.2 Market Forecast
    • 10.5.4 Others
      • 10.5.4.1 Market Trends
      • 10.5.4.2 Market Forecast

11 SWOT Analysis

  • 11.1 Overview
  • 11.2 Strengths
  • 11.3 Weaknesses
  • 11.4 Opportunities
  • 11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

  • 13.1 Overview
  • 13.2 Bargaining Power of Buyers
  • 13.3 Bargaining Power of Suppliers
  • 13.4 Degree of Competition
  • 13.5 Threat of New Entrants
  • 13.6 Threat of Substitutes

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players
    • 14.3.1 AirIQ Inc.
      • 14.3.1.1 Company Overview
      • 14.3.1.2 Product Portfolio
      • 14.3.1.3 Financials
      • 14.3.1.4 SWOT Analysis
    • 14.3.2 Bridgestone Corporation
      • 14.3.2.1 Company Overview
      • 14.3.2.2 Product Portfolio
      • 14.3.2.3 Financials
      • 14.3.2.4 SWOT Analysis
    • 14.3.3 General Motors Company (GM)
      • 14.3.3.1 Company Overview
      • 14.3.3.2 Product Portfolio
      • 14.3.3.3 Financials
      • 14.3.3.4 SWOT Analysis
    • 14.3.4 Geotab Inc.
      • 14.3.4.1 Company Overview
      • 14.3.4.2 Product Portfolio
    • 14.3.5 Michelin Group
      • 14.3.5.1 Company Overview
      • 14.3.5.2 Product Portfolio
    • 14.3.6 Mix Telematics International (Pty) Ltd.
      • 14.3.6.1 Company Overview
      • 14.3.6.2 Product Portfolio
    • 14.3.7 Octo Telematics S.p.A.
      • 14.3.7.1 Company Overview
      • 14.3.7.2 Product Portfolio
      • 14.3.7.3 Financials
    • 14.3.8 Omnitracs LLC
      • 14.3.8.1 Company Overview
      • 14.3.8.2 Product Portfolio
    • 14.3.9 Trimble Inc.
      • 14.3.9.1 Company Overview
      • 14.3.9.2 Product Portfolio
      • 14.3.9.3 Financials
      • 14.3.9.4 SWOT Analysis
    • 14.3.10 Bell Atlantic Corporation
      • 14.3.10.1 Company Overview
      • 14.3.10.2 Product Portfolio
      • 14.3.10.3 Financials
      • 14.3.10.4 SWOT Analysis
    • 14.3.11 Continental AG
      • 14.3.11.1 Company Overview
      • 14.3.11.2 Product Portfolio
Product Code: SR1323A77_Report

List of Figures

  • Figure 1: Global: Commercial Telematics Market: Major Drivers and Challenges
  • Figure 2: Global: Commercial Telematics Market: Sales Value (in Billion US$), 2017-2022
  • Figure 3: Global: Commercial Telematics Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 4: Global: Commercial Telematics Market: Breakup by Type (in %), 2022
  • Figure 5: Global: Commercial Telematics Market: Breakup by System Type (in %), 2022
  • Figure 6: Global: Commercial Telematics Market: Breakup by Provider Type (in %), 2022
  • Figure 7: Global: Commercial Telematics Market: Breakup by End Use Industry (in %), 2022
  • Figure 8: Global: Commercial Telematics Market: Breakup by Region (in %), 2022
  • Figure 9: Global: Commercial Telematics (Solutions) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 10: Global: Commercial Telematics (Solutions) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 11: Global: Commercial Telematics (Services) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 12: Global: Commercial Telematics (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 13: Global: Commercial Telematics (Embedded) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 14: Global: Commercial Telematics (Embedded) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 15: Global: Commercial Telematics (Tethered) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 16: Global: Commercial Telematics (Tethered) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 17: Global: Commercial Telematics (Smartphone Integrated) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 18: Global: Commercial Telematics (Smartphone Integrated) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 19: Global: Commercial Telematics (OEM) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 20: Global: Commercial Telematics (OEM) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 21: Global: Commercial Telematics (Aftermarket) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 22: Global: Commercial Telematics (Aftermarket) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 23: Global: Commercial Telematics (Transportation and Logistics) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 24: Global: Commercial Telematics (Transportation and Logistics) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 25: Global: Commercial Telematics (Media and Entertainment) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 26: Global: Commercial Telematics (Media and Entertainment) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 27: Global: Commercial Telematics (Government and Utilities) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 28: Global: Commercial Telematics (Government and Utilities) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 29: Global: Commercial Telematics (Travel and Tourism) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 30: Global: Commercial Telematics (Travel and Tourism) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 31: Global: Commercial Telematics (Construction) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 32: Global: Commercial Telematics (Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 33: Global: Commercial Telematics (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 34: Global: Commercial Telematics (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 35: Global: Commercial Telematics (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 36: Global: Commercial Telematics (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 37: North America: Commercial Telematics Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 38: North America: Commercial Telematics Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 39: United States: Commercial Telematics Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 40: United States: Commercial Telematics Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 41: Canada: Commercial Telematics Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 42: Canada: Commercial Telematics Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 43: Asia Pacific: Commercial Telematics Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 44: Asia Pacific: Commercial Telematics Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 45: China: Commercial Telematics Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 46: China: Commercial Telematics Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 47: Japan: Commercial Telematics Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 48: Japan: Commercial Telematics Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 49: India: Commercial Telematics Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 50: India: Commercial Telematics Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 51: South Korea: Commercial Telematics Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 52: South Korea: Commercial Telematics Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 53: Australia: Commercial Telematics Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 54: Australia: Commercial Telematics Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 55: Indonesia: Commercial Telematics Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 56: Indonesia: Commercial Telematics Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 57: Others: Commercial Telematics Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 58: Others: Commercial Telematics Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 59: Europe: Commercial Telematics Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 60: Europe: Commercial Telematics Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 61: Germany: Commercial Telematics Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 62: Germany: Commercial Telematics Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 63: France: Commercial Telematics Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 64: France: Commercial Telematics Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 65: United Kingdom: Commercial Telematics Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 66: United Kingdom: Commercial Telematics Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 67: Italy: Commercial Telematics Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 68: Italy: Commercial Telematics Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 69: Spain: Commercial Telematics Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 70: Spain: Commercial Telematics Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 71: Russia: Commercial Telematics Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 72: Russia: Commercial Telematics Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 73: Others: Commercial Telematics Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 74: Others: Commercial Telematics Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 75: Latin America: Commercial Telematics Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 76: Latin America: Commercial Telematics Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 77: Brazil: Commercial Telematics Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 78: Brazil: Commercial Telematics Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 79: Mexico: Commercial Telematics Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 80: Mexico: Commercial Telematics Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 81: Others: Commercial Telematics Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 82: Others: Commercial Telematics Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 83: Middle East and Africa: Commercial Telematics Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 84: Middle East and Africa: Commercial Telematics Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 85: South Africa: Commercial Telematics Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 86: South Africa: Commercial Telematics Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 87: Turkey: Commercial Telematics Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 88: Turkey: Commercial Telematics Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 89: Saudi Arabia: Commercial Telematics Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 90: Saudi Arabia: Commercial Telematics Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 91: Others: Commercial Telematics Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 92: Others: Commercial Telematics Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 93: Global: Commercial Telematics Industry: SWOT Analysis
  • Figure 94: Global: Commercial Telematics Industry: Value Chain Analysis
  • Figure 95: Global: Commercial Telematics Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Commercial Telematics Market: Key Industry Highlights, 2022 and 2028
  • Table 2: Global: Commercial Telematics Market Forecast: Breakup by Type (in Million US$), 2023-2028
  • Table 3: Global: Commercial Telematics Market Forecast: Breakup by System Type (in Million US$), 2023-2028
  • Table 4: Global: Commercial Telematics Market Forecast: Breakup by Provider Type (in Million US$), 2023-2028
  • Table 5: Global: Commercial Telematics Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
  • Table 6: Global: Commercial Telematics Market Forecast: Breakup by Region (in Million US$), 2023-2028
  • Table 7: Global: Commercial Telematics Market: Competitive Structure
  • Table 8: Global: Commercial Telematics Market: Key Players
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