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Global Commercial Vehicle Telematics Market 2017-2021

About Commercial Vehicle Telematics

The telematics system involves the integrated use of telecommunications that facilitates communication (sending, receiving, and storing information) in the vehicle. The telematics system receives information from different sensors such as airbags, vehicle speed, advanced driver assistance system, braking system, and transmission control system. The global automotive telematics market is dominated by the commercial vehicles segment as nearly two-thirds of the global automotive telematics market was occupied by the segment in 2016.

Technavio’s analysts forecast the global commercial vehicle telematics market to grow at a CAGR of 14.19% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global commercial vehicle telematics market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Commercial Vehicle Telematics Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Continental
  • TomTom
  • Trimble
  • Verizon
Other prominent vendors
  • AT&T
  • Bynx
  • Ericsson
  • Luxoft
  • Magneti Marelli
  • Masternaut
  • Octo Telematics
  • Omnitracs
  • Bosch
  • Telenav
  • Valeo
Market driver
  • High demand for fleet management solutions in the logistics sector
  • For a full, detailed list, view our report
Market challenge
  • Issues arising due to data insecurity
  • For a full, detailed list, view our report
Market trend
  • Growing adoption of usage-based insurance (UBI) model
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Commercial Vehicle Telematics Market 2017-2021

Technavio recognizes the following companies as the key players in the global commercial vehicle telematics market: Continental, TomTom, Trimble, and Verizon.

Other Prominent Vendors in the market are: AT&T, Bynx, Ericsson, Luxoft, Magneti Marelli, Masternaut, Octo Telematics, Omnitracs, Bosch, Telenav, and Valeo.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing adoption of usage-based insurance (UBI) model. UBI is a service wherein the insurer is charged based on the information collected by the vehicle telematics system regarding the driving style and other parameters such as driving speed and distance driven. By using UBI, insurance companies can create risk profiles of insurers based on the data gathered from telematics systems. It has already been adopted in the passenger vehicle and commercial vehicle segments.”

According to the report, one driver in the market is high demand for fleet management solutions in the logistics sector. The growth in the logistics sector has led to the demand for the efficient fleet management services to reduce the delivery time. The adoption of telematics systems leads to the reduction in the fuel expenses. Fleet management solutions help in the reduction of the empty runs, and thus, reduce the operational cost. As a result, the fleet management solutions are adopted by several fleet owners to reduce the overall vehicle downtime. This has also fostered the evolution of the fleet management solutions over the years. Earlier, the fleet management solutions used to offer basic telematics services such as fleet tracking with GPS and geographical information systems (GIS).

Further, the report states that one challenge in the market is issues arising due to data insecurity. Machine to machine (M2M) communications, earlier, involved the use of proprietary private networks or protocols for connectivity. However, the growing demand for connectivity has forced the industry players to provide the Internet connectivity in their offerings. In the process of adopting Internet connectivity, the industry has neglected many non-functional and security requirements of systems, like data security. Several security vulnerabilities can also arise due to the incorporation of multiple web applications and connecting Bluetooth in automobiles. It also makes users data susceptible to hacking. In 2015, a Jeep Cherokee was remotely hacked by renowned hackers Charlie Miller and Chris Valasek.

Companies Mentioned

Continental, TomTom, Trimble, and Verizon, AT&T, Bynx, Ericsson, Luxoft, Magneti Marelli, Masternaut, Octo Telematics, Omnitracs, Bosch, Telenav, and Valeo.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Services facilitated by the telematics system
      • Table Connectivity solutions
      • Table Digital insurance telematics solution
    • Product lifecycle
      • Table Product life cycle of telematics system
    • Regulatory framework
  • Market landscape
    • Market overview
      • Table Segmentation of the global commercial vehicle telematics market
    • Market size and forecast
      • Table Global commercial vehicle telematics market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by vehicle type
    • Global commercial vehicle telematics market by vehicle type
      • Table Global commercial vehicle telematics market by vehicle type 2016 and 2021
    • Commercial vehicle telematics market by LCV
      • Table Global commercial vehicle telematics market by the LCV segment 2016-2021 ($ billions)
      • Table Geographical Segmentation: Global commercial vehicle telematics market by the LCV segment 2016-2021 ($ billions)
    • Global commercial vehicle telematics market in M&HCV
      • Table Global commercial vehicle telematics market by the M&HCV segment 2016-2021 ($ billions)
      • Table Geographical Segmentation: Global commercial vehicle telematics market by the M&HCV segment 2016-2021 ($ billions)
  • Geographical segmentation
    • Commercial vehicle telematics market by geography
      • Table Global commercial vehicle telematics market by geography 2016 and 2021
    • Commercial vehicle telematics market in Americas
      • Table Commercial vehicle telematics market in the Americas 2016-2021 ($ billions)
      • Table Key strategic partnership of OEMs with telematics system provider
    • Commercial vehicle telematics market in EMEA
      • Table Commercial vehicle telematics market in EMEA 2016-2021 ($ billions)
    • Commercial vehicle telematics market in APAC
      • Table Commercial vehicle telematics market in APAC 2016-2021 ($ billions)
  • Market segmentation by fitment type
    • Global commercial vehicle telematics market by fitment type
      • Table Global commercial vehicle telematics market by fitment type 2016 and 2021
      • Table Global commercial vehicle telematics market by fitment type 2016 and 2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Growing adoption of usage-based insurance (UBI) model
    • Truck platooning using telematics services
    • Emergence of next-generation telematics protocol (NGTP)
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Trimble
      • Table Trimble: Business segmentation by revenue 2016
      • Table Trimble: Geographical segmentation by revenue 2016
      • Table Trimble: Recent development
    • Continental
      • Table Continental: Business segmentation by revenue 2016
      • Table Continental geographical segmentation: sales by region
      • Table Continental: Recent development
    • TomTom
      • Table TomTom: Business segmentation by revenue 2016
      • Table TomTom: Recent development
    • Verizon
      • Table Verizon: Recent development
  • Appendix
    • List of abbreviations
  • Explore Technavio

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