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Development in telematics along with connected
vehicles are increasing the demand for automotive telematics market. Telematics
has become an ideal differentiator for car manufacturers, due to some
advancements such as anti-theft tracking, automatic emergency call device, and
GPS anti-theft devices. These factors altogether boosting the demand of
automotive telematics market. A newly compiled market research report from
IndustryARC says that the global commercial automotive market to be valued at
$31.46 billion by 2023. It is set to grow at a CAGR of 7.2% over the forecast
period 2018-2023.
The global commercial automotive telematics market
report contains the competitive landscape, market drivers, market trends, and
strategic analysis of both commercial telematics and automotive telematics
market. “Commercial Automotive Telematics Market: By Vehicle Type (Truck,
Semi-Trailer, Motor Coach, Taxicab, Trailers & Others); By Components
(Communication, Sensors, Control Unit, Audio/Video); By Services (Safety &
Security, Navigation, Others); By Geography – Forecast (2019-2025).”
Commercial Automotive Telematics Market:
Leading Segments
American commercial automotive telematics market
occupied 46% of the global market share in 2017 due to the growing demand for
connected cars with safety and security systems. Autonomous cars are propelling
the widespread of vehicle telematics in the U.S. Escalating penetration of
connected devices such as tablets and smartphones are attributing to rising
demand of connected cars in this region. Additionally, increasing concerns
regarding the safety and security features in the automotive industry is also
contributing to the growth of U.S. commercial Automotive Telematics Market.
Among a wide variety of components, communication
devices are identified as the fastest growing component, set to grow with a
CAGR of 7.9% throughout the aforesaid foreseen period. Majority of the
automotive OEMs install these devices in their vehicles, as it increases
the transparency between car owners and their cars, and between the car owners
and service workshops. Bluetooth, cellular,
radio, Wi-Fi, satellite are varied communication technologies chosen for
infotainment, safety, and navigation applications in vehicle.
Commercial Automotive Telematics Market:
Disruptive Trends
o Government
Regulations
North American and
European government have declared tax credits for telematics customers,
particularly in fleet management and insurance sector. Another compulsory act
by European government make inbuilt emergency services compulsory in vehicles.
These regulations are directing the automobile manufacturers to produce
commercial vehicles with inbuilt telematics systems.
o Decline
in Costs
Technological
advancements paralleled with the modernization of the world, result in drop in
the cost of telematics. Currently, various companies are offering customized
telematics solutions for a cheaper price.
o Recovery
of the Automobile Market
Rise in unit sales of
the automotive industry is driving the sales of telematics. It is mainly owing
to enhanced economic conditions in the U.S., and Europe. New commercial vehicle
models in Europe are fixed with telematics functions, impacted by changing government
regulations.
o Fleet
Management Market
Increasing demand for
operational efficiencies coupled with the decreased price of telematics
hardware systems is driving the growth and acceptance of fleet management
telematics. Increased number of fleet management telematics installations are
observed across logistics and fleet management companies.
Commercial Automotive Telematics Market:
Competitive Landscape
CalAmp, Fleetmatics, Bosch, Descartes, and Trimble are
the most prominent market strategic players, which are operating with larger
market shares in the global commercial automotive telematics market.
Talk to one of our sales representative about the full
report by providing your details in the link below:
https://www.industryarc.com/support.php?id=1318
Related Reports:
A. Indian Commercial Telematics Market
What can you expect from the report?
The commercial automotive
telematics market is prepared with the
main agenda to cover the following 20 points:
1. Market Size by Product Categories &
Application 11.
Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data
12. Country level Analysis
3. Manufacturer Landscape
13. Competitor
Analysis
4. Distributor Landscape
14. Market Shares Analysis
5. Pricing Analysis
15. Value Chain Analysis
6. Top 10 End user Analysis
16. Supply Chain
Analysis
7. Product Benchmarking
17. Strategic Analysis
8. Product Developments
18. Current & Future Market Landscape Analysis
9. Mergers & Acquisitions Analysis
19. Opportunity Analysis
10. Patent Analysis
20. Revenue and
Volume Analysis
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1. Increase the level of data in application or end
user industry.
2. Increase the number of countries in geography
chapter.
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or companies which are of interest to you.
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benchmarking, value and supply chain analysis can be requested for a country or
end use segment.
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About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually, in
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