Strategic Outlook of Commercial Vehicle Telematics Market in 2015
Recap of 2014
Acquisition and partnerships with non telematics vendors aided regional market leaders to bolster and broaden global footprint.
CV Telematics Market Outlook: Recap of 2014, Global, 2015
Government mandated all trucks to be equipped with tracking devices in China.
Indian government mandated location-based systems in school buses and vans.
Brazil’s CONTRAN 245 was scheduled for % implementation at the end of 2014, and it is expected to be completely mandated by December 2015.
Russia’s ERA GLONASS mandate will be fully operational after January 2015.
Implementation of Electronic Logging Device (ELD) and eCall were delayed and expected beyond 2016.
The French government ruled out Eco tax implementation indefinitely citing obstacles (2014).
European Vehicle OEMs such as Scania, Volvo Trucks, and Daimler continued to offer factory fit telematics as a standard across a wide variety of models.
Vehicle OEMs in emerging markets such as South Africa, India, and China are geared up to offer optional telematics fitment with free services until warranty period.
TomTom, with the acquisition of Coordina and Fleetlogic, extended its geographical service offerings to regions such as France, Netherlands, and Spain.
Transics, on a contractual agreement with Almarai, entered the Middle East providing services for more than fleet vehicles.
Customers, to get relief from the primary hurdle of initial installation and hardware cost, gradually moved their preference towards installment-based business models. The transformation was noted in markets such as South Africa, Europe, and North America.
The evolution of network connectivity from 2G to 3G resulted in service disconnections at certain areas due to compatibility issues. FMS providers addressed this by replacing the old hardware boxes with new 3G compatible models for free of cost for their existing customer-base.
The study aims to analyse and forecast the global commercial vehicle telematics market for 2015. The major focus is on market trends and regional trends in services, solutions, and technologies for specific segments such as light commercial vehicles, medium commercial vehicles, and heavy and extra heavy commercial vehicles. The study highlights the telematics opportunities by segment, application, business model, and regions, and it also offers growth/revenue analysis for vendors and regions. In addition, emerging market trends and importance of CV telematics in Big Data and cyber security are highlighted, and the market’s key predictions have been analysed. The forecast period is 2015, with 2014 as the base year.
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