Commercial Vehicle Telematics Market Set To Reach $25.9 Bn In 2017
09 August 2017
Visiongain’ has released a new automotive report Commercial Vehicle Telematics Market Report 2017-2027: Forecasts By Type of Connectivity Solutions (Embedded, Tethered, Integrated) By Service Provider (OEM Hardware, Aftermarket Hardware, Telematics Service Providers, Connectivity Hardware) Plus Analysis of Fleet Management, Logistics, Tracking, Routing & Navigation For Fuel Efficiency, Driver Monitoring, Safety, Diagnostics & Predictive Analytics which reveals that the market will achieve revenues of $25.9bn in 2017.
Commercial vehicle fleets use telematics to capture, analyse and report data associated with vehicle’s drive time, idling, diagnostics, fuel economy and infotainment. Additionally, companies use telematics to increase drivers’ productivity and manage the routes. For the service fleet, adding an extra stop can add up to hundreds of thousands dollars towards total expenses. In the coming years, telematics will play a greater role in maximizing the utility of the delivery capacity, fuel economy and overall productivity.
As the commercial vehicle fleets understanding and use of telematics grows, so will its use in vehicles in general, as well as the ability to trend out data and come up with predictive as well as responsive analytics for maintenance. These solutions will give more ways to cut time spent and labour expenditure, boost operational efficiencies, further accentuate safety and make more automated adjustments.
The Visiongain report analyst commented ““With the global commercial vehicle telematics market gaining traction significantly over the past few years the market has witnessedentry of new players in the market, creating a boost in global market competition .Increasing adoption of vehicle telematics by small fleet owners will be a major demand driver over the forecast period”
Leading companies featured in the report who are developing commercial vehicle telematics technologies include AirIQ Inc. Cisco Systems Inc. Daimler FleetBoard GmbH, DigiCore Holdings Limited, Fleetmatics Group PLC, Garmin Ltd, MAN SE, Masternaut Limited, MiX Telematics, Navman Wireless, Omnitracs, Scania SE, Telogis Inc., TomTom NV, Trimble and Volvo Trucks.
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