Market Forecast By Vendor Types (OEM and Aftermarket), By Sectors (Construction & Infrastructure, Logistics, Government & Infrastructure, Transportation and Others), By Commercial Vehicle Types (Light Duty Commercial Vehicle, Medium Commercial Vehicle Duty and Heavy Commercial Vehicle Duty), By Applications (On-board diagnostics and Vehicle Tracking), By Regions (Northern and Southern) and Competitive Landscape.
During last few years, UAE witnessed substantial growth in commercial telematics systems owing to growing number of commercial vehicles across the country. Deployment of telematics hardware in heavy duty commercial vehicles has been low and was primarily noticeable across construction and logistics sectors.
Installation of telematics systems surged following the government regulation to install GPS tracking system in public transport system such as rental cars and taxis. Rising security concerns among truck and car fleet owners have further resulted in an increase in demand for telematics systems in the country.
According to 6Wresearch, UAE Commercial Vehicle Telematics market size is projected to grow at a CAGR of 7.5 % during 2018-24. Dubai Transportation Authority is planning to add 3,268 new taxi by 2020.
This would further propel the growth of UAE commercial vehicle telematics market forecast period revenues. Amongst all the sectors, vehicles under logistics and transportation were key adopters of telematics system in UAE.
Significant growth prospects lies ahead for construction, government and infrastructure applications.
Amongst all the regions, the Northern region holds maximum revenue share in overall UAE Commercial Vehicle Telematics market share as compared to the Southern region owing to the upcoming EXPO 2020 in Dubai which is expected to attract large number of tourists in the region.
Some of the key players in UAE Commercial Vehicle Telematics market include: Teltonika Ltd., Ruptela, Atrack Technology Inc., Cartrack Technologies LLC, Meitrack, and CERT Telematics LLC.
The UAE Commercial Vehicle Telematics market report thoroughly covers the market by vendor types, sectors, commercial vehicle types, applications, and regions. The UAE Commercial Vehicle Telematics market outlook report provides an unbiased and detailed analysis of the on-going UAE Commercial Vehicle Telematics market trends, opportunities/ high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
Commercial Vehicle Telematics
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