The global commercial telematics market size was pegged at $28.27 billion in 2018 and is expected to account $144.23 billion by 2030, registering a CAGR of 13.7% through 2030.
Growing trend of connectivity solutions and increasing need for easy diagnosis of vehicles drive the growth of the market. Moreover, government regulations for vehicle telematics supplement the growth of the market. However, concerns related to data hacking, high cost of installation, and lack of uninterrupted & seamless internet connectivity hamper the market growth. On the contrary, development of intelligent transportation systems and improved performance of autonomous vehicles are expected to create promising opportunities for the market players in the coming years.
OEM segment to create lucrative opportunities through 2026
OEM segment held the largest share in 2017, contributing more than half of the total market revenue, owing to the large number of vehicles embedded with OEM-installed telematics solutions, which enable fleet management companies to monitor their fleet and effectively manage their resources. Moreover, the segment is expected to portray the fastest CAGR of 14.8% during the forecast period, owing the growing demand for company-fitted telematics solutions backed with government regulations mandating their use. Furthermore, the aftermarket segment is expected to witness steady growth during the forecast period.
Services segment to manifest fastest growth through 2026
The services segment is expected to register the CAGR of 15.3% during the study period, owing to increasing adoption of commercial telematics solutions worldwide. Moreover, telematics service providers help customers with designing, consultation, integration, and deployment of telematics solutions, which would boost the growth of the segment. However, the solutions segment accounted for the largest share in 2017, contributing nearly three-fourths of the total revenue, as they provide various products to customers such as location-based solution and remote fleet management.
Transportation and logistics segment to hold lion's share through 2026
The transportation and logistics segment held the largest share in 2017, accounting for nearly half of the total revenue, owing to features such as better fleet management, access to real-time information, and quick vehicle diagnostics. However, the healthcare segment is expected to register the fastest CAGR of 18.3% during the forecast period, owing to the increasing applications of telematics such as telehealth. The other segments analyzed in the report include insurance, media & entertainment, vehicle manufacturers/dealers, and government agencies.
North America to dominate the market throughout forecast period
The commercial telematics market in North America accounted for about 45.4% share of the global market revenue in 2017, owing to expansion of commercial telematics network due to surge in the number of connected cars. However, Asia-Pacific region is expected to manifest the fastest CAGR of 17.9% through 2030, owing to partnerships between telematics companies and AI solution providers coupled with innovations from telematics companies. The other regions analyzed in the report include Europe and LAMEA (Latin America, Middle East, and Africa).
Major market players
The major market players analyzed in this report include Cartrack, Fleet Complete, Microlise, Mix Telematics, Omnitracs, Trimble Inc., Zonar Systems, Daimler Fleetboard GmbH, Geotab Inc., Masternaut Limited, Navistar Inc., TomTom International BV, and Verizon Connect.
Report coverage
Segmentation:
By Solution Type
OEM
Aftermarket
By Application
Solutions
Services
By End-user
Transportation and Logistics
Insurance
Healthcare
Media & Entertainment
Vehicle Manufacturers/Dealers
Government Agencies
Table of Content
Section 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
Section 2: EXECUTIVE SUMMARY
2.1. CXO perspective
Section 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies
3.3. Porter’s five forces analysis
3.4. Key player positioning (2017)
3.5. Gross margins
3.6. Market dynamics
3.6.1. Drivers
3.6.1.1. Government regulations for vehicle telematics
3.6.1.2. Rise in trend of connectivity solutions
3.6.1.3. Ease of vehicle diagnosis
3.6.2. Restraints
3.6.2.1. Threat of data hacking
3.6.2.2. High installation cost
3.6.2.3. Lack of uninterrupted & seamless internet connectivity
3.6.3. Opportunities
3.6.3.1. Intelligent transportation system
3.6.3.2. Improved performance of autonomous vehicles
Section 4: COMMERCIAL TELEMATICS MARKET, BY SOLUTION TYPE
4.1. Overview
4.2. Automotive OEM Services
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Embedded Solution
4.2.4. Hybrid Solution
4.2.5. Market analysis by country
4.3. Aftermarket Telematics
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Embedded Solution
4.3.4. Portable after market system
4.3.5. Market analysis by country
Section 5: COMMERCIAL TELEMATICS MARKET, BY APPLICATION
5.1. Overview
5.2. Solutions
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Fleet/Asset management solution
5.2.4. Navigation and location-based Solution
5.2.5. Infotainment
5.2.6. Insurance telematics
5.2.7. V2V and V2I
5.2.8. Tele-health solutions
5.2.9. Remote alarm and monitoring
5.2.10. Market analysis by country
5.3. Services
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Design and consulting
5.3.4. Integration and deployment
5.3.5. Maintenance and training
5.3.6. Market analysis by country
Section 6: COMMERCIAL TELEMATICS MARKET, BY END USER
6.1. Overview
6.2. Transportation and Logistics
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis by country
6.3. Insurance
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis by country
6.4. Healthcare
6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market analysis by country
6.5. Media & Entertainment
6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market analysis by country
6.6. Vehicle Manufacturers/Dealers
6.6.1. Key market trends, growth factors, and opportunities
6.6.2. Market size and forecast, by region
6.6.3. Market analysis by country
6.7. Government Agencies
6.7.1. Key market trends, growth factors, and opportunities
6.7.2. Market size and forecast, by region
6.7.3. Market analysis by country
Section 7: COMMERCIAL TELEMATICS MARKET, BY REGION
7.1. Overview
7.2. North America
7.2.1. Key market trends, growth factors, and opportunities
7.2.2. Market size and forecast, by solution type
7.2.3. Market size and forecast, by application
7.2.4. Market size and forecast, by end user
7.2.5. Market analysis by country
7.2.5.1. U.S.
7.2.5.1.1. Market size and forecast, by solution type
7.2.5.1.2. Market size and forecast, by application
7.2.5.1.3. Market size and forecast, by end user
7.2.5.2. Canada
7.2.5.2.1. Market size and forecast, by Solution type
7.2.5.2.2. Market size and forecast, by application
7.2.5.2.3. Market size and forecast, by end user
7.2.5.3. Mexico
7.2.5.3.1. Market size and forecast, by Solution type
7.2.5.3.2. Market size and forecast, by application
7.2.5.3.3. Market size and forecast, by end user
7.3. Europe
7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast, by solution type
7.3.3. Market size and forecast, by application
7.3.4. Market size and forecast, by end user
7.3.5. Market analysis by country
7.3.5.1. UK
7.3.5.1.1. Market size and forecast, by Solution type
7.3.5.1.2. Market size and forecast, by application
7.3.5.1.3. Market size and forecast, by end user
7.3.5.2. Germany
7.3.5.2.1. Market size and forecast, by solution type
7.3.5.2.2. Market size and forecast, by application
7.3.5.2.3. Market size and forecast, by end user
7.3.5.3. France
7.3.5.3.1. Market size and forecast, by solution type
7.3.5.3.2. Market size and forecast, by application
7.3.5.3.3. Market size and forecast, by end user
7.3.5.4. Russia
7.3.5.4.1. Market size and forecast, by Solution type
7.3.5.4.2. Market size and forecast, by application
7.3.5.4.3. Market size and forecast, by end user
7.3.5.5. Italy
7.3.5.5.1. Market size and forecast, by Solution type
7.3.5.5.2. Market size and forecast, by application
7.3.5.5.3. Market size and forecast, by end user
7.3.5.6. Rest of Europe
7.3.5.6.1. Market size and forecast, by Solution type
7.3.5.6.2. Market size and forecast, by application
7.3.5.6.3. Market size and forecast, by end user
7.4. Asia-Pacific
7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Market size and forecast, by solution type
7.4.3. Market size and forecast, by application
7.4.4. Market size and forecast, by end user
7.4.5. Market analysis by country
7.4.5.1. China
7.4.5.1.1. Market size and forecast, by solution type
7.4.5.1.2. Market size and forecast, by application
7.4.5.1.3. Market size and forecast, by end user
7.4.5.2. India
7.4.5.2.1. Market size and forecast, by solution type
7.4.5.2.2. Market size and forecast, by application
7.4.5.2.3. Market size and forecast, by end user
7.4.5.3. Japan
7.4.5.3.1. Market size and forecast, by solution type
7.4.5.3.2. Market size and forecast, by application
7.4.5.3.3. Market size and forecast, by end user
7.4.5.4. South Korea
7.4.5.4.1. Market size and forecast, by solution type
7.4.5.4.2. Market size and forecast, by application
7.4.5.4.3. Market size and forecast, by end user
7.4.5.5. Rest of Asia-Pacific
7.4.5.5.1. Market size and forecast, by Solution type
7.4.5.5.2. Market size and forecast, by application
7.4.5.5.3. Market size and forecast, by end user
7.5. LAMEA
7.5.1. Key market trends, growth factors, and opportunities
7.5.2. Market size and forecast, by solution type
7.5.3. Market size and forecast, by application
7.5.4. Market size and forecast, by end user
7.5.5. Market analysis by country
7.5.5.1. Latin America
7.5.5.1.1. Market size and forecast, by solution type
7.5.5.1.2. Market size and forecast, by application
7.5.5.1.3. Market size and forecast, by end user
7.5.5.2. Middle East
7.5.5.2.1. Market size and forecast, by solution type
7.5.5.2.2. Market size and forecast, by application
7.5.5.2.3. Market size and forecast, by end user
7.5.5.3. Africa
7.5.5.3.1. Market size and forecast, by solution type
7.5.5.3.2. Market size and forecast, by application
7.5.5.3.3. Market size and forecast, by end user
Section 8: COMPANY PROFILE
8.1. CARTRACK
8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Product portfolio
8.1.4. Business performance
8.1.5. Key strategic moves and developments
8.2. DAIMLER FLEETBOARD GmbH
8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.2.4. Product portfolio
8.2.5. Business performance
8.2.6. Key strategic moves and developments
8.3. FLEET COMPLETE
8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Operating business segments
8.3.4. Product portfolio
8.3.5. Key strategic moves and developments
8.4. GEOTAB INC.
8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Product portfolio
8.4.4. Key strategic moves and developments
8.5. MICROLISE
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Product portfolio
8.5.5. Key strategic moves and developments
8.6. MASTERNAUT LIMITED
8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Product portfolio
8.6.4. Business performance
8.6.5. Key strategic moves and developments
8.7. MIX TELEMATICS
8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Product portfolio
8.7.5. Business performance
8.7.6. Key strategic moves and developments
8.8. NAVISTAR, INC
8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Operating business segments
8.8.4. Product portfolio
8.8.5. Business performance
8.8.6. Key strategic moves and developments
8.9. OMNITRACS
8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Operating business segments
8.9.4. Product portfolio
8.9.5. Key strategic moves and developments
8.10. TOMTOM INTERNATIONAL BV.
8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Operating business segments
8.10.4. Product portfolio
8.10.5. Business performance
8.10.6. Key strategic moves and developments
8.11. TRIMBLE INC.,
8.11.1. Company overview
8.11.2. Company snapshot
8.11.3. Operating business segments
8.11.4. Product portfolio
8.11.5. Business performance
8.11.6. Key strategic moves and developments
8.12. VERIZON
8.12.1. Company overview
8.12.2. Company snapshot
8.12.3. Operating business segments
8.12.4. Product portfolio
8.12.5. Business performance
8.12.6. Key strategic moves and developments
8.13. ZONAR SYSTEMS
8.13.1. Company overview
8.13.2. Company snapshot
8.13.3. Operating business segments
8.13.4. Product portfolio
8.13.5. Business performance
8.13.6. Key strategic moves and developments
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers