Global Commercial Telematics Market 2023-2027

Global Commercial Telematics Market 2023-2027

Technavio has been monitoring the commercial telematics market and it is poised to grow by $13014 million during 2023-2027, accelerating at a CAGR of 5.88% during the forecast period. Our report on the commercial telematics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increasing adoption of driver assistance, globalization of telematics supply chains, and government initiatives encouraging the use of telematics.

Technavio's commercial telematics market is segmented as below:

By PlatformEmbedded systemsTethered systemsSmartphone integration systemsBy ProductSolutionsServicesBy Geographical LandscapeNorth AmericaEuropeAPACSouth AmericaMiddle East and AfricaThis study identifies the advanced analytics on telematics data to reduce the severity of risks as one of the prime reasons driving the commercial telematics market growth during the next few years. Also, optimized customer communication with insurance telematics and the adoption of high-bandwidth automotive networks will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the commercial telematics market covers the following areas:Commercial telematics market sizingCommercial telematics market forecastCommercial telematics market industry analysisTechnavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading commercial telematics market vendors that include AB Volvo, Agero Inc., Airbiquity Inc., AT and T Inc., Bridgestone Corp, Continental AG, Fleet Complete, Geotab Inc, Mercedes Benz Group AG, Michelin Group, Microlise Group Plc, MiX Telematics Ltd., Navistar International Corp., OCTO Telematics S.p.A, Omnitracs LLC, SmartDrive Systems Inc., Trimble Inc., Verizon Communications Inc., Visteon Corp., and Volkswagen AG. Also, the commercial telematics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.