DUBLIN–(BUSINESS WIRE)–The “Commercial Vehicle Telematics – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Global Commercial Vehicle Telematics Market to Reach $37.3 Billion by 2027
Amid the COVID-19 crisis, the global market for Commercial Vehicle Telematics, estimated at US$10.4 Billion in the year 2020, is projected to reach a revised size of US$37.3 Billion by 2027, growing at a CAGR of 20.1% over the period 2020-2027.
Service, one of the segments analyzed in the report, is projected to record 18.7% CAGR and reach US$19.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Solution segment is readjusted to a revised 21.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3.1 Billion, While China is Forecast to Grow at 19.4% CAGR
The Commercial Vehicle Telematics market in the U.S. is estimated at US$3.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.4 Billion by the year 2027 trailing a CAGR of 19.4% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.9% and 17.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.9% CAGR.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Telematics Shapes the Future of Automobiles in the 21st Century by Ushering in a New Era of Intelligence
Recent Market Activity
Commercial Vehicle Telematics: Market Overview
Market Outlook
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
Airbiquity, Inc. (USA)
AirIQ, Inc. (Canada)
Agero, Inc. (USA)
BOX Telematics Ltd. (UK)
BSM Technologies, Inc. (Canada)
CalAmp (USA)
Ctrack (UK)
Davis Instruments (USA)
Fleetmatics Group PLC (Ireland)
Geotab, Inc. (Canada)
Intelligent Telematics (Ireland)
Omnitracs, LLC (USA)
OnStar Corporation (USA)
Orbcomm, Inc. (USA)
QUALCOMM, Inc. (USA)
Telit Wireless Solutions (UK)
Transport Management Solutions Ltd. (UK)
Trimble Transport & Logistics (Belgium)
Zonar Systems (USA)
3. MARKET TRENDS & DRIVERS
A Peek Into Key Trends Providing the Stepping Stone for Growth of Telematics in the CV Market
Growing Production of CVs
Automobile Electronification
Growing ITS Investments
The Rise of Connected Vehicles
Mandatory Telematics Regulations in the CV Industry
Developments in Connectivity Technologies like Cellular Networks, Wi-Fi, Bluetooth & Satellite Commutations
Cost Pressures in the Logistics Industry Spurs Market Opportunities for CV Telematics in Fleet Management
Innovation in Telematics Services to Boost Revenue Potential of the Market
One-stop Telematics Solutions of the Future
Unique Platforms for Different Fleet Sizes
A Glance at Other Major Technology Trends
Growing Investments in Public Transportation to Benefit Growth of CV Telematics
Aftermarket Telematics Emerges Over the Horizon to Compete With OEM Embedded Telematics
Big Data on Wheels: Automotive Telematics to Derive New Value From Emerging Big Data Technologies
Telematics: The New Fuel Source for Big Data
Need to Reduce Vehicle Insurance Costs & Risks Drives Interest in Telematics Usage-Based Insurance
UBI Pricing Scheme
Advantages & Challenges
Effect of Telematics on the Insurance Industry
Developments in Mobile Telemedicine, Emergency Care & First Responder Networks Drive Demand for Telematics
Spurt in Infrastructure Development in Emerging Markets Drives Demand for Off-Highway Vehicle Telematics
Strong Growth in Car Sharing, Car Rental & Carpooling Services Expands the Business Case for Transport Telematics
Developing Regions to Drive Future Market Growth
Challenges to Growth: A Review
Concerns Over Driver Distraction
Hacking Emerges Into a Potent Threat to Privacy & Data Security
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
United States
Canada
Japan
China
Europe
France
Germany
Italy
United Kingdom
Rest Of Europe
Asia-Pacific
Rest Of World
IV. COMPETITION
Total Companies Profiled: 75
For more information about this report visit https://www.researchandmarkets.com/r/79kwor