Skip to main content

Commercial Telematics Market Analysis, Size, Share, Demand and Opportunity 2022-2027

 According to the recent report by IMARC Group, titled “Commercial Telematics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global commercial telematics market size reached US$ 46 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 129.3 Billion by 2027, exhibiting at a CAGR of 19.4% during 2022-2027.

Commercial Telematics Industry Definition and Application:

Commercial telematics refers to a technological solution that is primarily adopted for long-distance communication and transmission of information in commercial automobiles. It is utilized for monitoring vehicle location and movement through global positioning systems (GPS) along with tracking automobile diagnostics via onboard diagnostic systems. Commercial telematics also offers maintenance insights, safety tracking, insurance risk assessment, etc. Owing to this, numerous insurance providers are adopting commercial telematics to monitor driver behavior for analyzing risk factors and adjusting insurance policies accordingly.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Commercial Telematics Market Trends:

A significant growth in the transportation sector, along with the rising adoption of smart transportation systems, is primarily stimulating the market growth. Moreover, the growing deployment of digital devices, such as smartphones, tablets, laptops, etc., has led to the incorporation of advanced connectivity solutions by manufacturers. These solutions provide more accurate insights, enhance vehicle efficiency, and enable smart routing and tracking, thereby further improving the overall driving experience. Additionally, the introduction of open-source frameworks and other technology-neutral systems for integrating back-end components and technical adjustments in commercial vehicles is also propelling the global market. Moreover, the implementation of various government policies mandating commercial vehicle tracking, along with the advent of video-based telematics, are further expected to bolster the market growth in the coming years.

Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/commercial-telematics-market/requestsample

Global Commercial Telematics Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

AirIQ Inc., Bridgestone Corporation, General Motors Company, Geotab Inc., Masternaut Limited. (Michelin), Mix Telematics International (Pty) Ltd., Octo Telematics, Omnitracs LLC, Trimble Inc., Verizon Communications Inc. and Zonar Systems Inc. (Continental AG).

The report has segmented the market on the basis on region, type, system type, provider type and end use industry.

Breakup by Type:

  • Solution
  • Fleet Tracking and Monitoring
  • Driver Management
  • Insurance Telematics
  • Safety and Compliance
  • V2X Solutions
  • Others
  • Services
  • Professional services
  • Managed services

Breakup by System Type:

  • Embedded
  • Tethered
  • Smartphone Integrated

Breakup by Provider Type:

  • OEM
  • Aftermarket

Breakup by End-Use Industry:

  • Transportation and Logistics
  • Media and Entertainment
  • Government and Utilities
  • Travel and Tourism
  • Construction
  • Healthcare
  • Others

Breakup by Region:

  • North America: (United States, Canada0
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa:(South Africa, Turkey, Saudi Arabia, Others

Ask Analyst and Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=2496&flag=C

FAQ:

1: How big is the commercial telematics market?

Ans: According to IMARC Group, the market was valued at US$ 46.00 Billion in 2021

2: What is the estimated growth scenario for the commercial telematics market by 2027?

Ans: By 2027, the commercial telematics market is expected to reach a value of US$ 129.32 Billion by 2027

3: What is the key factor contributing to the growth of the commercial telematics market?

Ans: The commercial telematics market is primarily driven by AirIQ Inc., Bridgestone Corporation, General Motors Company (GM), Geotab Inc.,Michelin Group, MiX Telematics International (Pty) Ltd, Octo Telematics S.p.A., Omnitracs, LLC, Trimble Inc., Bell Atlantic Corporation, and Continental AG.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
Email: sales@imarcgroup.com
Toll Free Number: USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Follow us on twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group

Related Reports:

https://community.wongcw.com/blogs/240192/Embedded-Computer-Market-Overview-Trends-Opportunities-Growth-and-Forecast-to

https://community.wongcw.com/blogs/240207/Commercial-Telematics-Market-Overview-Trends-Opportunities-Growth-and-Forecast-to

https://community.wongcw.com/blogs/240218/Thermal-Ceramics-Market-Overview-Trends-Opportunities-Growth-and-Forecast-to

https://community.wongcw.com/blogs/240228/Vegan-Cosmetics-Market-2022-Analysis-Top-Companies-Size-Share-Demand

https://community.wongcw.com/blogs/240244/Automotive-Thermal-System-Market-Overview-Trends-Opportunities-Growth-and-Forecast

https://community.wongcw.com/blogs/240272/Green-Coatings-Market-Overview-Trends-Opportunities-Growth-and-Forecast-to

https://community.wongcw.com/blogs/240303/Orthobiologics-Market-Overview-Trends-Opportunities-Growth-and-Forecast-to-2022

https://community.wongcw.com/blogs/240308/Automotive-Heat-Shield-Market-Overview-Trends-Opportunities-Growth-and-Forecast

https://community.wongcw.com/blogs/240326/Biocides-Market-Overview-Trends-Opportunities-Growth-and-Forecast-to-2022

https://community.wongcw.com/blogs/240347/Fiber-Laser-Market-Trends-2022-Industry-Demand-Revenue-Growth-and

 


Comments

Popular posts from this blog

Market Report 2022-2027 | Industry Trends, Market Share, Size, Growth and Opportunities

http://markethub.bravesites.com/entries/general/Medical-Foods-Market-2022-2027-Industry-Growth--Size--Share--Trends--Analysis-and-Research-Report http://markethub.bravesites.com/entries/general/Online-Grocery-Market-Market-Size-Share--Demand--Key-Players--Growth-and-Industry-Trends-2022-27 http://markethub.bravesites.com/entries/general/Peer-to-Peer-P2P--Lending-Market-Size--Share--Top-Companies--New-Technology--Demand-and-Forecast-2022-2027 http://networks786.ovh/read-blog/59514_insurtech-market-2022-2027-global-industry-analysis-share-size-growth-and-foreca.html http://networks786.ovh/read-blog/59523_endoscope-reprocessing-market-trends-2022-growth-share-size-demand-and-future-sc.html http://networks786.ovh/read-blog/59530_hospital-gowns-market-trends-2022-growth-share-size-demand-and-future-scope-2027.html http://networks786.ovh/read-blog/59532_medical-ceramics-market-growth-2022-2027-industry-size-share-trends-and-forecast.html http://networks786.ovh/read-blog/59536_online-grocery-

Adhesives & Sealants for Insulated Glass Market Size, Share Report 2024-32

 IMARC Group's report titled " Adhesives & Sealants for Insulated Glass Market Report by Resin Type (Polyisobutylene, Polysulfide, Polyurethane, Silicone, Acrylic, Hot-melt, PVC, Butyl, Epoxy), End User (Building and Construction, Automotive and Transportation, and Others), and Region 2024-2032 ". The global adhesives & sealants for insulated glass market size reached US$ 6,730.9 Million in 2023 Looking forward, IMARC Group expects the market to reach US$ 11,934.1 Million by 2032, exhibiting a growth rate (CAGR) of 6.37% during 2024-2032. For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/adhesives-sealants-for-insulated-glass-market/requestsample Factors Affecting the Growth of the Adhesives & Sealants for Insulated Glass Industry: Implementation of Energy Efficiency Regulations: Stringent energy efficiency regulations and sustainability standards in the construction sector are pivotal drivers for adhesives and seala

Global Ambulance Services Market Size, Share | Report By 2032

 IMARC Group's report titled " Ambulance Services Market Report by Transport Vehicle (Ground Ambulance, Air Ambulance, Water Ambulance), Emergency Services (Emergency Services, Non-Emergency Services), Equipment (Advanced Life Support (ALS) Ambulance Services, Basic Life Support (BLS) Ambulance Services), and Region ​2024-2032 ​". The global ambulance services market size reached US$ 53.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 106.4 Billion by 2032, exhibiting a growth rate (CAGR) of 7.6% during 2024-2032. For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/ambulance-services-market/requestsample Factors Affecting the Growth of the Ambulance Services Industry: Technological Advancements: Technological innovations are leading to the development of advanced medical equipment and devices onboard ambulances. These include portable diagnostic tools, ventilators, defibrillators, and monitoring sys