Commercial Telematics Trends and Forecast
The future of the global commercial telematics market looks promising with opportunities in the transportation and logistics, insurance, healthcare, media & entertainment, vehicle manufacturers/dealer, and government agency markets. The global commercial telematics market is expected to reach an estimated $120 billion by 2030 with a CAGR of 15.3% from 2024 to 2030. The major drivers for this market are increasing demand for real-time data analytics and fleet optimization, along with the growth in vehicle safety in order to boost productivity and make wise business decisions.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Commercial Telematics by Segment
The study includes a forecast for the global commercial telematics by solution type, application, end use, and region.
Commercial Telematics Market by Solution Type [Shipment Analysis by Value from 2018 to 2030]:
• Automotive OEM Services
• Aftermarket Telematics
Commercial Telematics Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Solutions
• Services
Commercial Telematics Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Transportation And Logistics
• Insurance
• Healthcare
• Media & Entertainment
• Vehicle Manufacturers/Dealers
• Government Agencies
• Others
Commercial Telematics Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Commercial Telematics Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies commercial telematics companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the commercial telematics companies profiled in this report include-
• Mix Telematics
• Navistar
• Trimble
• Verizon Communications
• Vontier
• Fleet Complete
• Geotab
• Microlise
• Solera
• Continental
Commercial Telematics Market Insights
Lucintel forecasts that solution will remain the larger segment over the forecast period.
Within this market, transportation and logistics will remain the largest segment.
APAC is expected to witness highest growth over the forecast period due to growing e-commerce, growing business sectors, and rising demand for effective logistics and transportation solutions.
Features of the Global Commercial Telematics Market
Market Size Estimates: Commercial telematics market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Commercial telematics market size by solution type, application, end use, and region in terms of value ($B).
Regional Analysis: Commercial telematics market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different solution type, application, end use, and regions for the commercial telematics market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the commercial telematics market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the commercial telematics market size?
Answer: The global commercial telematics market is expected to reach an estimated $120 billion by 2030.
Q2. What is the growth forecast for commercial telematics market?
Answer: The global commercial telematics market is expected to grow with a CAGR of 15.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the commercial telematics market?
Answer: The major drivers for this market are increasing demand for real-time data analytics and fleet optimization, along with the growth in vehicle safety in order to boost productivity and make wise business decisions.
Q4. What are the major segments for commercial telematics market?
Answer: The future of the global commercial telematics market looks promising with opportunities in the transportation and logistics, insurance, healthcare, media & entertainment, vehicle manufacturers/dealer, and government agency markets.
Q5. Who are the key commercial telematics market companies?
Answer: Some of the key commercial telematics companies are as follows:
• Mix Telematics
• Navistar
• Trimble
• Verizon Communications
• Vontier
• Fleet Complete
• Geotab
• Microlise
• Solera
• Continental
Q6. Which commercial telematics market segment will be the largest in future?
Answer: Lucintel forecasts that solution will remain the larger segment over the forecast period.
Q7. In commercial telematics market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to growing e-commerce, growing business sectors, and rising demand for effective logistics and transportation solutions.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the commercial telematics market by solution type (automotive OEM services and aftermarket telematics), application (solutions and services), end use (transportation and logistics, insurance, healthcare, media & entertainment, vehicle manufacturers/dealers, government agencies, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Commercial Telematics Market, Commercial Telematics Market Size, Commercial Telematics Market Growth, Commercial Telematics Market Analysis, Commercial Telematics Market Report, Commercial Telematics Market Share, Commercial Telematics Market Trends, Commercial Telematics Market Forecast, Commercial Telematics Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.