The latest update of “Global Commercial Telematics Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Commercial Telematics Market.
Overview of the Commercial Telematics Market:
As smartphone penetration grows, the cost of telematics devices is decreasing. New low-cost data-collection options have popped up in the last few years. Device capabilities have improved as well, with more features, easier access, and easier use. Many telematics devices are plug-and-play, so they don't need to be installed by a professional. With the growing adoption of telematics, new regulations have been implemented to drive the market. The Government of India has made telematics devices mandatory for all public transport vehicles with more than six seats. By deploying connectivity in commercial vehicles, these regulations are helping to improve road safety, improve compliance rates, and increase road safety.
Growing advancement in mobile connectivity in automotive industry is driving growth of the commercial telematics market. Moreover, rising demand for connected vehicles is again fostering market growth. For instance, in December 2021, WirelessCar, a global marketer in transformative digital vehicle services for connected cars, announced the company's participation at CES 2022 in its capacity as an AWS partner to Launch Smart EV. It is a dynamic digital product that enables drivers of electric vehicles to optimize their long-distance journeys. Increasing installation of GPS trackers and satellite navigation is again expected to propel growth of the market.
Asia Pacific is expected to gain significant growth over the forecast period owing January 2022, ReadyAssist, an Auto-Tech startup, has announced its collaboration with iTriangle Infotech, one of India’s eminent IoT and telematics services providers for automobiles and a marketer in the transportation telematics domain.
Key Developments:
- In May 2021, Shell Fleet Solutions, a subsidiary of Shell Oil, has expanded with a new Shell Telematics offering that comes with a fully compliant electronic logging device (ELD)
- In September 2020, Navistar International Corporation a producer of International® brand commercial trucks, proprietary diesel engines, and IC Bus® brand school and commercial buses, announces Gateway Integrations, a collection of software integrations with the industry’s telematics and fleet management providers
- In February 2020, Nationwide embraces new insuretech partnerships for commercial telematics support. These are meant to help the insurer streamline its coverage options using telematics
- In February 2022, RentalMatics and Fourth Tier have announced a new partnership for car rental, leasing, and mobility companies.
- In January 2022, ReadyAssist, a leading Auto-Tech startup, has announced its collaboration with iTriangle Infotech, one of India’s eminent IoT and telematics services providers for automobiles and a market leader in the transportation telematics domain
Market Estimation:
The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.
COVID-19 Impact:
The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Commercial Telematics Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.
Market Competition Assessment:
The Commercial Telematics Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are
- CARTRACK
- DAIMLER FLEETBOARD GmbH
- FLEET COMPLETE
- GEOTAB INC.
- MICROLISE
- MASTERNAUT LIMITED
- MIX TELEMATICS
- NAVISTAR, INC
- OMNITRACS
- TOMTOM INTERNATIONAL BV.
- TRIMBLE INC.,
- VERIZON
- ZONAR SYSTEMS
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Commercial Telematics Market report on the basis of Types, Applications, and Regions.
By Product Type, the market is primarily segmented into:
- Automotive OEM Services
- Aftermarket Telematics
By Applications, the market is segmented into:
- Transportation and Logistics
- Insurance
- Healthcare
- Media & Entertainment
- Vehicle Manufacturers/Dealers
- Government Agencies
The report covers the following Regions:
- North America
- Latin America
- Europe
- Asia Pacific
- Africa
- Middle East
Primary Research Insights:
The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.
The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- Which regions might see the demand maturing in certain segments in near future?
- Which government regulations might challenge the status of key regional markets?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
Why You Should Buy This Report:
- The report provides an all-inclusive environment of the analysis for the market
- In-depth secondary research and primary interviews
- Impact of various social, political, and economic factors
- Porter’s Five Forces Analysis
- Competitive Landscape
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Commercial Telematics Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Commercial Telematics Market Share by Application: 2021 VS 2028
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Commercial Telematics Market
1.6.1 How the Covid-19 is Affecting the Commercial Telematics Market
1.6.1.1 Commercial Telematics Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Commercial Telematics Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Commercial Telematics Market Perspective (2015-2028)
2.2 Commercial Telematics Market Growth Trends by Regions
2.2.1 Commercial Telematics Market Size by Regions: 2015 VS 2021 VS 2028
2.2.2 Commercial Telematics Market Historic Market Share by Regions (2015-2021)
2.2.3 Commercial Telematics Market Forecasted Market Size by Regions (2021-2028)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Commercial Telematics Market Growth Strategy
2.3.6 Primary Interviews with Key Commercial Telematics Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Commercial Telematics Market Players by Market Size
3.1.1 Global Top Commercial Telematics Market Players by Revenue (2015-2021)
3.1.2 Global Commercial Telematics Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Commercial Telematics Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Commercial Telematics Market Concentration Ratio
3.2.1 Global Commercial Telematics Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Commercial Telematics Market Revenue in 2019
3.3 Commercial Telematics Market Key Players Head office and Area Served
3.4 Key Players Commercial Telematics Market Product Solution and Service
3.5 Date of entering into Commercial Telematics Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2028)
4.1 Global Commercial Telematics Market Historic Market Size by Type (2015-2021)
4.2 Global Commercial Telematics Market Forecasted Market Size by Type (2021-2028)
5 Commercial Telematics Market Breakdown Data by Application (2015-2028)
5.1 Global Commercial Telematics Market Size by Application (2015-2021)
5.2 Global Commercial Telematics Market Forecasted Market Size by Application (2021-2028)
6 North America
6.1 North America Commercial Telematics Market Size (2015-2021)
6.2 Commercial Telematics Market Key Players in North America (2019-2021)
6.3 North America Commercial Telematics Market Size by Type (2015-2021)
6.4 North America Commercial Telematics Market Size by Application (2015-2021)
7 Europe
7.1 Europe Commercial Telematics Market Size (2015-2021)
7.2 Commercial Telematics Market Key Players in Europe (2019-2021)
7.3 Europe Commercial Telematics Market Size by Type (2015-2021)
7.4 Europe Commercial Telematics Market Size by Application (2015-2021)
8 China
8.1 China Commercial Telematics Market Size (2015-2021)
8.2 Commercial Telematics Market Key Players in China (2019-2021)
8.3 China Commercial Telematics Market Size by Type (2015-2021)
8.4 China Commercial Telematics Market Size by Application (2015-2021)
9 Japan
9.1 Japan Commercial Telematics Market Size (2015-2021)
9.2 Commercial Telematics Market Key Players in Japan (2019-2021)
9.3 Japan Commercial Telematics Market Size by Type (2015-2021)
9.4 Japan Commercial Telematics Market Size by Application (2015-2021)
10 Southeast Asia
10.1 Southeast Asia Commercial Telematics Market Size (2015-2021)
10.2 Commercial Telematics Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Commercial Telematics Market Size by Type (2015-2021)
10.4 Southeast Asia Commercial Telematics Market Size by Application (2015-2021)
11 India
11.1 India Commercial Telematics Market Size (2015-2021)
11.2 Commercial Telematics Market Key Players in India (2019-2021)
11.3 India Commercial Telematics Market Size by Type (2015-2021)
11.4 India Commercial Telematics Market Size by Application (2015-2021)
12 Central & South America
12.1 Central & South America Commercial Telematics Market Size (2015-2021)
12.2 Commercial Telematics Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Commercial Telematics Market Size by Type (2015-2021)
12.4 Central & South America Commercial Telematics Market Size by Application (2015-2021)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Commercial Telematics Market Introduction
13.4 Commercial Telematics Market Business (2015-2021)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Commercial Telematics Market Key Market Segments
Table 2. Key Players Covered: Ranking by Commercial Telematics Market Revenue
Table 3. Ranking of Global Top Commercial Telematics Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Commercial Telematics Market Size Growth Rate by Type (US$ Million): 2021 VS 2028
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Commercial Telematics Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Commercial Telematics Market Players to Combat Covid-19 Impact
Table 10. Global Commercial Telematics Market Size Growth by Application (US$ Million): 2021 VS 2028
Table 11. Global Commercial Telematics Market Size by Regions (US$ Million): 2021 VS 2028
Table 12. Global Commercial Telematics Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Commercial Telematics Market Share by Regions (2015-2021)
Table 14. Global Commercial Telematics Market Forecasted Market Size by Regions (2021-2028) (US$ Million)
Table 15. Global Commercial Telematics Market Share by Regions (2021-2028)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Commercial Telematics Market Growth Strategy
Table 20. Main Points Interviewed from Key Commercial Telematics Market Players
Table 21. Global Commercial Telematics Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Commercial Telematics Market Share by Players (2015-2021)
Table 23. Global Top Commercial Telematics Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Commercial Telematics Market as of 2019)
Table 24. Global Commercial Telematics Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Commercial Telematics Market Product Solution and Service
Table 27. Date of entering into Commercial Telematics Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Commercial Telematics Market Size by Type (2015-2021) (Million US$)
Table 30. Global Commercial Telematics Market Size Share by Type (2015-2021)
Table 31. Global Commercial Telematics Market Revenue Market Share by Type (2021-2028)
Table 31. Global Commercial Telematics Market Size Share by Application (2015-2021)
Table 33. Global Commercial Telematics Market Size by Application (2015-2021) (Million US$)
Table 34. Global Commercial Telematics Market Size Share by Application (2021-2028)
Table 35. North America Key Players Commercial Telematics Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Commercial Telematics Market Share (2019-2021)
Table 37. North America Commercial Telematics Market Size by Type (2015-2021) (Million US$)
Table 38. North America Commercial Telematics Market Share by Type (2015-2021)
Table 39. North America Commercial Telematics Market Size by Application (2015-2021) (Million US$)
Table 40. North America Commercial Telematics Market Share by Application (2015-2021)
Table 41. Europe Key Players Commercial Telematics Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Commercial Telematics Market Share (2019-2021)
Table 43. Europe Commercial Telematics Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Commercial Telematics Market Share by Type (2015-2021)
Table 45. Europe Commercial Telematics Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Commercial Telematics Market Share by Application (2015-2021)
Table 47. China Key Players Commercial Telematics Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Commercial Telematics Market Share (2019-2021)
Table 49. China Commercial Telematics Market Size by Type (2015-2021) (Million US$)
Table 50. China Commercial Telematics Market Share by Type (2015-2021)
Table 51. China Commercial Telematics Market Size by Application (2015-2021) (Million US$)
Table 52. China Commercial Telematics Market Share by Application (2015-2021)
Table 53. Japan Key Players Commercial Telematics Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Commercial Telematics Market Share (2019-2021)
Table 55. Japan Commercial Telematics Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Commercial Telematics Market Share by Type (2015-2021)
Table 57. Japan Commercial Telematics Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Commercial Telematics Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Commercial Telematics Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Commercial Telematics Market Share (2019-2021)
Table 61. Southeast Asia Commercial Telematics Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Commercial Telematics Market Share by Type (2015-2021)
Table 63. Southeast Asia Commercial Telematics Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Commercial Telematics Market Share by Application (2015-2021)
Table 65. India Key Players Commercial Telematics Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Commercial Telematics Market Share (2019-2021)
Table 67. India Commercial Telematics Market Size by Type (2015-2021) (Million US$)
Table 68. India Commercial Telematics Market Share by Type (2015-2021)
Table 69. India Commercial Telematics Market Size by Application (2015-2021) (Million US$)
Table 70. India Commercial Telematics Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Commercial Telematics Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Commercial Telematics Market Share (2019-2021)
Table 73. Central & South America Commercial Telematics Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Commercial Telematics Market Share by Type (2015-2021)
Table 75. Central & South America Commercial Telematics Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Commercial Telematics Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Commercial Telematics Market Business (2015-2021) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Commercial Telematics Market Share by Type: 2021 VS 2028
Figure 2. Global Commercial Telematics Market Share by Application: 2021 VS 2028
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Commercial Telematics Market Report Years Considered
Figure 8. Global Commercial Telematics Market Size YoY Growth 2015-2028 (US$ Million)
Figure 9. Global Commercial Telematics Market Share by Regions: 2021 VS 2028
Figure 10. Global Commercial Telematics Market Share by Regions (2021-2028)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Commercial Telematics Market Share by Players in 2019
Figure 13. Global Top Commercial Telematics Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Commercial Telematics Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Commercial Telematics Market Revenue in 2019
Figure 15. North America Commercial Telematics Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Commercial Telematics Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Commercial Telematics Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Commercial Telematics Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Commercial Telematics Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Commercial Telematics Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Commercial Telematics Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
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