Market Worldwide Growth 2026

Posted by Pradip on January 8th, 2020

New York, December 20, 2019 - The global commercial vehicle telematics market is expected to reach USD 41.29 Billion by 2026, according to a new report by Reports and Data. Vehicle telematics systems, composed of telecommunication and informatics, provide crucial information for drivers, such as information about live traffic status and weather forecast. Essentially, it is vehicle monitoring systems that empower the drivers to stay updated with real-time performance and safety of the vehicle. Information collected by the telematics system is beneficial in critical circumstances, for instance, to communicate instantaneously with the police or respective authorities for prompt actions in case of an accident. Telematics systems assist automotive companies, insurers, and drivers with the highest safety feature.

The safety and security services of vehicle telematics comprise the automatic crash notification, emergency, and medical assistance, which is anticipated to stimulate market growth in the forecast period. As a component of the Automatic Crash Notification service, the telematics control unit (TCU) monitors several crash sensors of the automotive and in the occurrence of a crash it directs the details of the vehicular location and crash intensity as well as sends a voice call to the telematics call center so that emergency services are dispatched to the accident spot.

Legislative norms and regulations introduced by the governments across the globe pertaining to the increased usage of telematics in the automotive to improve road safety. These government initiatives are projected to propel the market growth in the upcoming years.

Key players in global Commercial Vehicle Telematics market include:

Trimble Inc., Verizon Telematics Inc., PTC Inc., OCTO telematics Ltd., TomTom Telematics Bv, Omnitracs LLC, Volkswagen Commercial Vehicle, Inseego Corporation, Masternaut Ltd., and Zonar Systems Inc., among others.

Browse Full RD with TOC of This Report @ https://www.reportsanddata.com/report-detail/commercial-vehicle-telematics-market

Offering Outlook (Revenue, USD Million; 2016-2026)

• Fleet Tracking & Monitoring
• Safety & Security
• Driver Management
• Insurance Telematics
• Others

Product Type Outlook (Revenue, USD Million; 2016-2026)

• Retrofitted
• Embedded

Provider Type Outlook (Revenue, USD Million; 2016-2026)

• OEM
• Aftermarket

Vehicle Type Outlook (Revenue, USD Million; 2016-2026)

• Light Commercial Vehicles
• Medium & Heavy Commercial Vehicles

Industry Vertical Outlook (Revenue, USD Million; 2016-2026)

• Transportation & Logistics
• Travel & Tourism
• Media & Entertainment
• Healthcare
• Government & Utilities
• Others

Market Segment by Regions, regional analysis covers

• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia)

The report can answer the following questions:

• What is the global (North America, South America, Europe, Africa, Middle East, Asia, China, Japan) production, production value, consumption, consumption value, import and export of Commercial Vehicle Telematics?
• Who are the global key manufacturers of Commercial Vehicle Telematics industry? How are their operating situation (capacity, production, price, cost, gross and revenue)?
• What are the types and applications of Commercial Vehicle Telematics? What is the market share of each type and application?
• What are the upstream raw materials and manufacturing equipment of Commercial Vehicle Telematics? What is the manufacturing process of Commercial Vehicle Telematics?
• Economic impact on Commercial Vehicle Telematics industry and development trend of Commercial Vehicle Telematics industry.
• What will the Commercial Vehicle Telematics market size and the growth rate be in 2026?
• What are the key factors driving the global Commercial Vehicle Telematics industry?
• What are the key market trends impacting the growth of the Commercial Vehicle Telematics market?
• What are the Commercial Vehicle Telematics market challenges to market growth?
• What are the Commercial Vehicle Telematics market opportunities and threats faced by the vendors in the global Commercial Vehicle Telematics market?