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Learn details of the commercial telematics market to decline at a CAGR of 18.42% during the period 2017-2021

The following companies as the key players in the global commercial telematics market: MiX Telematics, TomTom Telematics, Trimble, and Verizon. Other Prominent Vendors in the market are: Actsoft, AirIQ, Ctrack, Daimler FleetBoard, Ituran Group, KORE Wireless Group, Masternaut, Octo Telematics (acquired by RENOVA GROUP), Omnitracs (acquired by Astrata Group), Teletrac Navman Group, Traceon, Trakm8, and Webtech Wireless.

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The analysts forecast Global Commercial Telematics Market to decline at a CAGR of 18.42% during the period 2017-2021.The latest trend gaining momentum in the market is advanced analytics on telematics data to reduce the severity risks. Customers are reluctant to use connected features in their vehicles due to the lack of trust regarding data privacy and also the risk of cyber-attacks.

Companies have started applying advanced analytics to telematics data to attain transparency. Automotive companies have gained the opportunity to understand their customers in a better way and deliver personalized solutions in a completely connected environment.

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Telematics enables control and understanding of recall issues, which could potentially cost OEMs billions of dollars. OEMs partnering with telecoms service providers are expected to gain huge profits.

Cloud-based solutions play a vital role in developing solutions that include over-the-air (OTA) software updates, infotainment, security monitoring, vehicle health checks, and UBI.”

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About Commercial Telematics

Telematics is defined as the automated system designed for vehicles that incorporate communication systems for real-time information transfer to achieve efficient solutions. Auto manufacturers have diverse options for online connectivity in vehicles to deliver two-way communication.

These options include embedded telematics, tethered telematics, and integrated smartphone telematics. The automobile industry has significantly transformed from mechanical or hydraulic control to accommodate the rapidly growing computer-based control systems during the last two decades.

The addition of sensor-based intelligent vehicle functions is enabling in-vehicle digital systems. Telematics has three capabilities, namely two-way communications (wireless), location technology (geographic position), as well as a computing platform that controls automotive electronic systems.

Telematics technology also has a decisive impact on automotive electronics systems such as automotive control systems, x-by-wire, and intelligent vehicle systems.

According to the report, one of the major drivers for this market is Globalization of the telematics supply chain. Global trade activities have increased the fragmentation of logistics and production centers, creating new markets for commercial vehicle telematics.

Supply chains have to be broken up into multiple stages with an increase in manufacturing costs in developed countries and the continued search for low-cost sources. Assembly operations are outsourced to countries, such as China, where the manufacturing costs are lower to reduce costs.

The resulting need for the efficient transportation of assembled goods between various supply points increases demand for commercial vehicle telematics systems.

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Covered in this report

The report covers the present scenario and the growth prospects of the global commercial telematics market for 2017-2021. To calculate the market size, the report considers the revenue obtained from telematics solutions that include fleet/asset management, insurance, infotainment, navigation, telehealth, as well as remote alarm and monitoring.

It also considers the revenue obtained from telematics services that include design and consulting, integration and deployment, as well as maintenance and training.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA

Further, the report states that one of the major factors hindering the growth of this market is Fleet tracking prices. Hidden costs for the application of telematics solutions could pose a challenge to the growth of this market.

Fleet providers levy roaming charges for vehicles that go beyond the country’s borders. Companies will also charge in situations such as vehicle replacement and end-contractual equipment termination.

Moreover, perpetual licensing involves very high initial costs that customer must pay upfront. The initial investment includes the license fee, setup and installation cost, as well as the cost of customization and integration with existing systems.

Integration or customization is very expensive. In some cases, it can be more expensive than the telematics device or the license fees itself.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
 

This report, Global Commercial Telematics Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.

The report also includes a discussion of the key vendors operating in this market.

Key vendors

  • MiX Telematics,
  • TomTom Telematics,
  • Trimble,
  • Verizon

Other prominent vendors

  • Actsoft
  • AirIQ
  • Ctrack
  • Daimler FleetBoard
  • Ituran Group
  • KORE Wireless Group
  • Masternaut
  • Octo Telematics (acquired by RENOVA GROUP)
  • Omnitracs (acquired by Astrata Group)
  • Teletrac Navman Group
  • Traceon
  • Trakm8
  • Webtech Wireless

Market driver

  • Advanced analytics on telematics data to reduce the severity risks
  • For a full, detailed list, view our report

Market challenge

  • Fleet tracking prices
  • For a full, detailed list, view our report

Market trend

  • Globalization of the telematics supply chain
  • For a full, detailed list, view our report

Key questions answered in this report

  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?

Table of Contents

  • PART 01: Executive summary
  • PART 02: Scope of the report
  • PART 03: Research Methodology
  • PART 04: Introduction
  • PART 05: Market landscape
  • PART 06: Market segmentation by product
  • PART 07: Market segmentation by end-user
  • PART 08: Market segmentation by platform
  • PART 09: Geographical segmentation
  • PART 10: Decision framework
  • PART 11: Drivers and challenges
  • PART 12: Market trends
  • PART 13: Vendor landscape
  • PART 14: Key vendor profiles
  • PART 15: Appendix

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