Commercial Vehicle Telematics Market Set To Reach $25.9 Bn In 2017

09 August 2017
Automotive

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.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

Visiongain Publishes Automotive Chips Market Report 2021-2031

The US is ahead of the global automotive chips adoption and application in terms of automakers and vehicle owners approaching the chip manufacturing companies for different components. Many US companies, semiconductor suppliers are concentrated in North America which allows for low shipping costs and thus lower unit prices and also ensures a high level of awareness among vehicle owners.

07 January 2021

Read

Visiongain Publishes 3D Concrete Printing Market Report 2021-2031

With the construction company’s ongoing efforts to bring 3D concrete printing into mainstream construction, it is projected that the global 3D concrete printing market will gain significant momentum in the coming years.

16 December 2020

Read

Visiongain Publishes Automotive Plastics Market Report 2021-2031

The global automotive plastics market is driven by factors such as increasing demand of automotive vehicles across the globe, growing demand of lightweight materials to reduce the overall weight of the vehicles to obtain better fuel efficiency, strict government regulations to lower the emission and increase fuel efficiency, excellent properties of plastics as compared to the conventional metals.

15 December 2020

Read

Visiongain Publishes Automotive Fuse Market Report 2020-2030

Increase in demand for high battery capacity and vehicle power, stringent government regulations regarding vehicle safety, growing vehicle electrification, consumer preference for safety and comfort in vehicles, and increase in demand for high voltage vehicles are the key factors which drive the growth of automotive fuse market during the forecast period.

09 November 2020

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever