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Commercial Telematics Market, By Type (Solutions and Services), By Vehicle (Passenger cars and Commercial vehicles), By Product (Hardware and Software), By Provider (Aftermarket and OEM) by Region (North America, Europe, Asia Pacific and RoW) – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025

195 Pages | Published Date : April 2019  | Report Code: AV253 | Report Format: PDF

The Commercial Telematics market is estimated to represent a global market of USD 20.53 billion by 2017 with growth rate of 23.8%.

Market Dynamics

The global commercial telematics is majorly driven by the digitization of vehicles. Companies such as DirectLine, Ctrack, Octo Telematics, and Insure The Box Limited are few players that now integrate telematics with insurance. Over the coming years, new vendors are expected to enter this market on account of the growth potential in this space, supporting the industry growth. The market has been segmented on the basis of solution, services, vehicle type, product, and source. In terms of different solution, fleet management solution emerged as the dominant solution segment in 2017 and accounted for 35% of the overall market revenue share.

Service Type Takeaway

Depending upon service type, consulting and design services dominated the market accounting to over 40% of the share in 2017. Cost-effectiveness of this service and low-cost vehicle tracking is one of the major reason for the service to boom in the commercial telematics market.

Key Vendor Takeaway

The telematics market is consolidated in nature and highly competitive. Key players such as PTC, Inc., Octo Telematics, Verizon, Fleetmatics, Mix Telematics, Omnitracs LLC, and TomTom Telematics are covered under the study scope. Many key companies are focusing on developing novel product portfolio. Fleetmatics is one of the leading companies in the Americas with about 600,000 functional units present in the region.

The acquisition of Telogis by Verizon in has made the market more competitive. Maximum automobile manufacturers with significant presence such as Ford, Scania, and Volvo nowadays provide pre-installed OEMs and fleet telematics devices and solutions either through partnership or independent in the Americas. The awareness of telematics is increasing in Central & South America and solutions and services provided by the OEMs are estimated to rise in the coming years. 

The market size and forecast for each segment and sub-segments has been considered as below:

  • Historical Year – 2014 & 2016
  • Base Year – 2017
  • Estimated Year – 2018
  • Projected Year – 2025

TARGET AUDIENCE

  • Traders, Distributors, and Suppliers
  • Manufacturers
  • Government and Regional Agencies
  • Research Organizations
  • Consultants
  • Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY TYPE

  • Solutions
    • Navigation & location-based systems
    • Insurance telematics
    • Infotainment systems
    • Safety & security
    • Fleet/Asset management
    • Remote alarm & incident monitoring solutions
    • V2X
    • Others
  • Services
    • Consulting & design
    • Integration & deployment
    • Maintenance & training services

MARKET, BY VEHICLE CATEGORY

  • Passenger cars
  • Commercial vehicles

BY PRODUCT

  • Hardware
  • Software

BY PROVIDER

  • Aftermarket
  • OEM

MARKET, BY REGION

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Rest of APAC
  • Rest of the World
    • Middle East and Africa
    • Latin America

TABLE OF CONTENT

1. COMMERCIAL TELEMATICS MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Key Market Facts
2.2. Geographical Scenario
2.3. Companies in the Market
3. COMMERCIAL TELEMATICS KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. COMMERCIAL TELEMATICS INDUSTRY STUDY
4.1. Porter’s Analysis
4.2. Market Attractiveness Analysis
4.3. Regulatory Framework Analysis
5. COMMERCIAL TELEMATICS MARKET LANDSCAPE
5.1. Market Share Analysis
6. COMMERCIAL TELEMATICS MARKET – BY TYPE
6.1. Overview
6.1.1. Overview
6.1.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.2. Solutions
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.2.3. Navigation & location-based systems
6.2.3.1. Overview
6.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.2.4. Insurance telematics
6.2.4.1. Overview
6.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.2.5. Infotainment systems
6.2.5.1. Overview
6.2.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.2.6. Safety & security
6.2.6.1. Overview
6.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.2.7. Fleet/Asset management
6.2.7.1. Overview
6.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.2.8. Remote alarm & incident monitoring solutions
6.2.8.1. Overview
6.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.2.9. V2X
6.2.9.1. Overview
6.2.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.2.10. Others
6.2.10.1. Overview
6.2.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.3. Services
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.3.3. Consulting & design
6.3.3.1. Overview
6.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.3.4. Integration & deployment
6.3.4.1. Overview
6.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.3.5. Maintenance & training services
6.3.5.1. Overview
6.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.3.5.3. Overview
6.3.5.4. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7. COMMERCIAL TELEMATICS MARKET – BY VEHICLE CATEGORY
7.1. Overview
7.1.1. Overview
7.1.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.2. Passenger cars
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3. Commercial vehicles
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8. COMMERCIAL TELEMATICS MARKET – BY PRODUCT
8.1. Overview
8.1.1. Overview
8.1.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.2. Hardware
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3. Software
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9. COMMERCIAL TELEMATICS MARKET – BY PROVIDER
9.1. Overview
9.1.1. Overview
9.1.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9.2. Aftermarket
9.2.1. Overview
9.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9.3. OEM
9.3.1. Overview
9.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
10. COMMERCIAL TELEMATICS MARKET– BY GEOGRAPHY
10.1. Introduction
10.2. North America
10.2.1. Overview
10.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
10.2.3. U.S.
10.2.3.1. Overview
10.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
10.2.4. Canada
10.2.4.1. Overview
10.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
10.3. Europe
10.3.1. Overview
10.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
10.3.3. France
10.3.3.1. Overview
10.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
10.3.4. Germany
10.3.4.1. Overview
10.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
10.3.5. Rest of Europe
10.3.5.1. Overview
10.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
10.4. Asia Pacific (APAC)
10.4.1. Overview
10.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
10.4.3. China
10.4.3.1. Overview
10.4.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
10.4.4. India
10.4.4.1. Overview
10.4.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
10.4.5. Rest of APAC
10.4.5.1. Overview
10.4.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
10.5. Rest of the World
10.5.1. Overview
10.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
10.5.3. Latin America
10.5.3.1. Overview
10.5.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
10.5.4. Middle East and Africa
10.5.4.1. Overview
10.5.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
11. KEY VENDOR ANALYSIS
11.1. PTC, Inc.
11.1.1. Company Overview
11.1.2. SWOT Analysis
11.1.3. Key Developments
11.2. Octo Telematics
11.2.1. Company Overview
11.2.2. SWOT Analysis
11.2.3. Key Developments
11.3. Verizon
11.3.1. Company Overview
11.3.2. SWOT Analysis
11.3.3. Key Developments
11.4. Fleetmatics
11.4.1. Company Overview
11.4.2. SWOT Analysis
11.4.3. Key Developments
11.5. Mix Telematics
11.5.1. Company Overview
11.5.2. SWOT Analysis
11.5.3. Key Developments
11.6. Omnitracs LLC
11.6.1. Company Overview
11.6.2. SWOT Analysis
11.6.3. Key Developments
11.7. TomTom Telematics
11.7.1. Company Overview
11.7.2. SWOT Analysis
11.7.3. Key Developments
12. 360 DEGREE ANALYSTVIEW
13. APPENDIX
13.1. Research Methodology
13.2. Abbreviations
13.3. Disclaimer
13.4. Contact Us

List of Tables
Table 1 List of Acronyms
Table 2 Key Market Facts, 2014 – 2025
Table 3 Market Drivers: Impact Analysis
Table 4 Market Restraint: Impact Analysis
Table 5 Market Opportunity: Impact Analysis
Table 6 PEST Analysis
Table 7 Porter’s Five Forces Analysis
Table 8 Company Market Share Analysis
Table 9 Global Commercial Telematics Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
Table 10 Commercial Telematics Market, by Type, 2014 – 2025 (USD Billion)
Table 11 Commercial Telematics Market, by Vehicle Category, 2014 – 2025 (USD Billion)
Table 12 Commercial Telematics Market, by Product, 2014 – 2025 (USD Billion)
Table 13 Commercial Telematics Market, by Provider, 2014 – 2025 (USD Billion)
Table 14 Commercial Telematics Market, by Geography, 2014 – 2025 (USD Billion)
Table 15 North America Commercial Telematics Market, 2014 – 2025 (USD Billion)
Table 16 U.S. Commercial Telematics Market, 2014 – 2025 (USD Billion)
Table 17 Canada Commercial Telematics Market, 2014 – 2025 (USD Billion)
Table 18 Europe Commercial Telematics Market, 2014 – 2025 (USD Billion)
Table 19 France Commercial Telematics Market, 2014 – 2025 (USD Billion)
Table 20 Germany Commercial Telematics Market, 2014 – 2025 (USD Billion)
Table 21 Asia Pacific Commercial Telematics Market, 2014 – 2025 (USD Billion)
Table 22 China Commercial Telematics Market, 2014 – 2025 (USD Billion)
Table 23 India Commercial Telematics Market, 2014 – 2025 (USD Billion)
Table 24 Latin America Commercial Telematics Market, 2014 – 2025 (USD Billion)
Table 25 MEA Commercial Telematics Market, 2014 – 2025 (USD Billion)

List of Figures
Figure 1 Research Methodology
Figure 2 Research Process Flow Chart
Figure 3 Comparative Analysis, by Geography, 2016-2025 (Value %)
Figure 4 Value Chain Analysis
Figure 5 Commercial Telematics Market, by Type, 2014 – 2025 (USD Billion)
Figure 6 Commercial Telematics Market, by Vehicle Category, 2014 – 2025 (USD Billion)
Figure 7 Commercial Telematics Market, by Product, 2014 – 2025 (USD Billion)
Figure 8 Commercial Telematics Market, by Provider, 2014 – 2025 (USD Billion)
Figure 9 Commercial Telematics Market, by Geography, 2014 – 2025 (USD Billion)

SCOPE AND OBJECTIVES
The objective of this report is to describe the market trends and revenue forecasts for the market for the upcoming years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.
The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analysing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the market. The scope of this report covers the market by its major segments.

KEY BENEFITS OF THE REPORT
• The report presents macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
• Thorough analysis of relevant statistical data to estimate the market paradigms
• Exceptional understanding of region and country specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts, and growth specific to the countries.
• Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new product developments

RESEARCH METHODOLOGY

Research methodology is developed on a combination of specialist industry analyst knowledge and in-country research experience. We employ data interrogation methodologies to generate new and meaningful analyses and insights. The research study includes extensive use of secondary sources, paid databases (such as Bloomberg, Dun & Bradstreet, and BusinessWeek) and directories, to identify and collect information, useful to understand technical, commercial and market-oriented aspects. Market data and information are also collected (but not limited to) from the secondary sources such as:

  • Official company’s website, financial and annual reporting
  • Government statistical data
  • Online publishing articles
  • Industry player’s investor presentations
  • Economic news articles
  • National and international trade associations
  • The financial, business, and mainstream press
  • Industry study groups and semiofficial sources
  • Informative channels related to the market topics

* Gathering data through secondary sources is only the first step. The ability to cross-refer market data through available secondary            information often conflicting across multiple sources is a key aspect of the added value we provide

In order to verify and validate secondary market data, we engage with the Key Opinion Leaders (KoL’s), operating in the respective markets, through phone calls, emails, and web-based survey responses. This platform help us validate our data in terms of accuracy and gain insight into the current market and future expectations. Furthermore, the obtained information guide us to understand several facets of the market with respect to manufacturers and buyers’ perspectives.

In addition, to assign weights to all the relevant market dynamics and parameters and quantify their market impact for generating projected market growth rate, we used advanced machine learning algorithms in order to collate essential market data. The machine learning method utilizes algorithms such as regression, correlation, and decision tree, among others, to derive the desired output. This tool help us in deriving highly detailed forecasts, profound knowledge of product demand, and others.

These collected data points are carefully filtered, analyzed, compared, and presented in an easy way to develop accurate research study. Furthermore, all collected data is subjected to undergo exhaustive review process at country level, regional level, and global level.

Market Forecast :

Market forecast is primarily based on the year-on-year (YOY) growth rate. Data projection and future performance of each segment is analyzed based on the key aspects extracted from primary and secondary research results. Thus, data projection exhibits the assumption on how the market performs under microeconomic and macroeconomic parameters. Our market forecasting technique represents strategic conclusions which can play a crucial role for our client’s in making strategic marketing plans.

For forecasting, the following parameters were considered:

  • Market drivers and restraints along with their current and expected impacts
  • Technological scenario and expected developments
  • Trends in the consumer behaviors
  • End-user industry trends

We have assigned weights to above-mentioned parameters and quantified their market impacts using the weighted average analysis, to derive an expected market growth rate.

Market Analysis

Another integral part of our research study is that market data is accompanied by clear written analysis. We include detailed information on market segments in terms of market drivers, market restraints, and market opportunities. These offer insights on different channel dynamics, brand preference, incidence/prevalence data, consumption trend, and technology up-gradations.

We also include supporting data from relevant awareness campaigns, new introductions, regulatory norms, government initiatives, and an industry player’s expansion in specific product segments. From research perspective, this information explains and substantiates estimated data finding and forecast.

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