Global Commercial Telematics Market, 2015 – 2021 for Insurance Telematics, Fleet / Asset Management, Satellite Navigation, Infotainment, Remote Alarm and Monitoring, Telehealth Solutions and Other Applications
Commercial telematics is used in a variety of applications such as infotainment, insurance telematics, fleet/asset management, satellite navigation, telehealth solutions, and others like including emergency warning systems. Commercial telematics support networks between commercial vehicles/fleets and IT applications, and focus on efficiency, improving productivity, reduced cost and sustainability objectives.
North America regional market is by far the largest market in the global commercial telematics and is set to continue to dominate the world marketplace over the forecast period. Commercial telematics market in this region is mainly driven by the high demand for telematics in industries such as transportation and logistics. The U.S. is the leading market in North America. U.S. Commercial acquired the majority of share for commercial telematics market due to the demand for CE device telematics.
Europe is expected to be fastest growing region due to the eCall initiative by the European Union. Moreover, commercial telematics market is expected to grow at the rapid space in Europe due to the government support in developed countries.
Asia Pacific is another leading regional market and is expected to be the fastest regional segment for the commercial telematics market within the forecast period. The scope for telematics in fleet management is high in emerging economies. Asia Pacific is expected to witness the highest growth in the fleet management market in terms of revenue during the next few years. Moreover, Asia pacific is expected to grow at moderate rate in this market due to demand for insurance telematics applications. In Asia Pacific, demand for countries such as China, Japan, India, and Australia are anticipated to drive the commercial telematics market in next few years. The telematics market is also driven by navigation and its associated services as well as infotainment.
Latin America, Middle East and Africa are likely to have moderate growth for commercial telematics market during the forecast period. Latin America is expected to experience a high growth rate. Brazil is the largest market in Latin America.
Some of the key players in commercial telematics market include AT&T, Verizon Communications Inc., MiX Telematics Ltd., Trimble Navigation Limited, TomTom, OnStar LLC.,BMW, Verizon, and Telefonica.
This report segments the global commercial telematics market as follows:
Global Commercial Telematics Market: Type Segment Analysis
- OEM Telematics
- Aftermarket Telematics
Global Commercial Telematics Market: Application Segment Analysis
- Insurance Telematics
- Fleet / Asset Management
- Satellite Navigation
- Remote Alarm and Monitoring
- Telehealth Solutions
Global Commercial Telematics Market: End-User Segment Analysis
- Transportation and Logistics
- Government and Utilities