Global Commercial Vehicle Telematics Market is expected to rise from its initial estimated value of USD 8.80 billion to an estimated value of USD 39.07 billion by 2026, registering a CAGR of 20.47% in the forecast period of 2019-2026. Increase in the demand for the sensors is the major factor for the growth of this market.
Telematics is the combination of global positioning system and in- board diagnostics system which is used to monitor the location and movement of a vehicle. It has capabilities like traffic updates, smart routing and tracking, road assistance etc. It also records the speed and internal behaviour of the vehicle. They are usually used by the fleet management companies which they used to exchange information between the commercial vehicle fleet and central authority.
This report additionally talks about the diverse improvement plans and arrangements of the business, item details the way toward assembling the item, creation volume, and item draft. Additionally, the report gives a clear overview of the business practicality, market methodologies, venture return investigation, item volume, free market activity proportion, and the business value chain. In this report, the key distributors, particular merchants, traders, information assets, and supplement, have been examined.
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Major Key players profiled in this report are:
PTC, Trimble Inc., Tomtom Telematics BV, Verizon, Mix Telematics, Zonar Systems, Octo Group S.p.A., Omnitracs, Mastenaut Limited, Microlise Telematics Pvt. Ltd, Inseego Corp., Trimble Inc., Volkswagen Commercial Vehicles, HARMAN International, AT&T.
Major Market Drivers:
- Increasing demand for fleet management services and government initiatives for deployment of vehicle tracking
- There is increase in the adoption of the telematics in business
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
Global commercial vehicle telematics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of commercial vehicle telematics market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
- Transportation and Logistics
- Media &Entertainment
- Vehicle Manufacturer
- Government Agencies
- North America
- South America
- Rest of South America
- United Kingdom
Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
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