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Top Insights on the Global Commercial Vehicle Telematics Market| Technavio
[January 11, 2018]

Top Insights on the Global Commercial Vehicle Telematics Market| Technavio


The global commercial vehicle telematics market is expected to grow at a CAGR of more than 14% from 2017-2021, according to a new market research report by Technavio.

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180111006017/en/

Technavio has published a new market research report on the global commercial vehicle telematics mar ...

Technavio has published a new market research report on the global commercial vehicle telematics market 2017-2021 under their automotive library. (Graphic: Business Wire)

Global commercial vehicle telematics market segmentation by vehicle type and fitment type

Technavio's report on the global commercial vehicle telematics market analyses the business dimensions and presents a comprehensive breakdown in terms of market segmentation by vehicle type, including medium and heavy commercial vehicle and light commercial vehicle. As projected in 2016, around 64% of the market share originated from medium and heavy commercial vehicle. The increase in the demand for medium and heavy commercial vehicle is mainly due to the growing preference for transporting freight through roadways.

Based on fitment type, the global commercial vehicle telematics market has been segmented into embedded, tethered, and smartphone integration. In 2016, the embedded segment led the global commercial vehicle telematics market with around 62% share.

"The growth of the embedded segment is attributed to the increase in the collaboration of OEMs with other players in the value chain. There have been increasing collaborations between OEMs and other players in the telematics industry to encourage the adoptionof embedded telematics," says Keerthi Balu, a lead analyst at Technavio for automotive electronics research.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

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Global commercial vehicle telematics market: competitive vendor landscape

The commercial vehicle telematics market is highly competitive. This is due to the presence of several players. The market is growing because of the growing integration of smartphones or tablets with automobiles to improve the in-vehicle experience of driving. Furthermore, the increasing collaboration of the commercial vehicle telematics market and the automobile insurance industry has enhanced the market growth. The global players dominate the commercial vehicle telematics market due to the direct supplier relationships, partnership and joint ventures with the vehicle manufacturer, mass production facilities to produce cheaper products, and the established distribution networks.

Looking for more information on this market? Request a free sample report

Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Other topics covered in the report:

Market drivers:

  • Commercial vehicle manufacturers entering into partnership with telematics manufacturers
  • High demand for fleet management solutions in the logistics sector

Market challenges:

  • Issues arising due to data insecurity
  • Technical challenges related to telematics system

Market trends:

  • Growing adoption of usage-based insurance (UBI) model
  • Truck platooning using telematics services

Get a sample copy of the global commercial vehicle telematics market report free of cost

Access Technavio's continuously growing automotive electronics research library and find expert analysis on hundreds of markets.

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.


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