PUBLISHER: Orion Market Research | PRODUCT CODE: 1077991
PUBLISHER: Orion Market Research | PRODUCT CODE: 1077991
Global Commercial Telematics Market Size, Share & Trends Analysis Report by Type (Original Equipment Manufacturer (OEM), and After-Market Telematics), By Solution (Navigation and Location-Based System, Fleet/ Asset Management, Infotainment Systems, Compliance, Remote Alarm, and Monitoring Solutions, V2V and V2X systems, Safety and Security, Telehealth Solutions, and Others), ByEnd-User (Insurance, Government and Utilities, Safety and Security, Healthcare, Media and Entertainment, Logistics and Distribution, Manufacturing, and Automotive) Forecast Period 2022-2028
The globalcommercial telematics market is anticipated to register a significant CAGR of 12.5% during the forecast period.The market is driven by growing demand for connectivity in the end-user industry coupled with technological advancements. Further, growth in e-commerce logistics has boosted the demand for commercial telematics across the globe. Commercial telematics isthe convergence of telecommunications and informatics to manage and monitor fleets. The integration of telematics in commercial vehicles has reduced operational costs, encouraged safe driving, fostered employee engagement, ensured vehicle maintenance, and reduced administrative costs.
The global commercial telematics market is segmented based on type, solution, and end-user. Based on the type, the market is sub-segmented intooriginal equipment manufacturer (OEM) and aftermarket telematics.Based on the solution, the market is sub-segmented into navigation and location-based system, fleet/ asset management, infotainment systems, compliance, remote alarm, and monitoring solutions, V2V and V2X systems, safety and security, telehealth solutions, and others. Based on the end-user, the market is segmented into insurance, government and utilities, safety and security, healthcare, media and entertainment, logistics and distribution, manufacturing, and automotive.
The global commercial telematics market is further segmented based on geography including North America, Europe, Asia-Pacific, and the Rest of the World.The key players in the commercial telematics market Include Mix Telematics, Navistar, Inc., Trimble Inc., Verizon Communications Inc., Solera Holdings, Inc., Continental AG, Daimler AG, Karooooo Ltd., Michelin, and others.
Research Methodology
The market study of the global commercial telematicsmarket is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report provides an in-depth analysis of the market size andintended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
OMR Report Covers:
Category- Automotive and Transportation