Commercial Vehicle Telematics Market is forecasted to grow at 20.47% for 2019 to 2026 to an estimated value with factors such as increasing security & privacy concerns among population hampering the market growth.
Commercial vehicle telematics market has shown a significant adoption rate and preferences from the Asia-Pacific. Rising concern associated with the driver safety & accident prevention and strict rules & norms to enhance the road safety will increase the demand for commercial vehicles in the forecast period of 2019 to 2026.
According to Data Bridge Market Research the commercial vehicle telematics market in developing regions is witnessing a growth in terms of its adoption rate, due to growing demand for NGTP, increasing penetration of smartphones and rising government initiatives to deploy vehicle tracking in commercial vehicles will boost the demand for commercial vehicles telematics in the forecast period of 2019 to 2026.
Now the question is which are the regions that commercial vehicle telematics market players should target? Data Bridge Market Research has forecasted market leaders to target Asia-Pacific developing regions to help them in attaining better volume of revenue generation.
Commercial vehicle telematics market is becoming more competitive every year with OEM currently being the largest market type for the forecasted period of 2019 to 2026. Data Bridge Market Research’s new report highlights the major growth factors and opportunities in the commercial vehicle telematics market.
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Michelin announced the acquisition of Masternaut in May 2019. This acquisition will help the company to enhance their services & solutions for light vehicles and improve consumer quality and build applications in data science, such as predictive maintenance. With this, the company will also enhance their geographical range and strengthen their market position.
Global commercial vehicle telematics market is segmented on the basis of countries into U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa
All country based analysis of the commercial vehicle telematics market is further analyzed based on maximum granularity into further segmentation. On the basis of type, the market is segmented into OEM and aftermarket. Based on application, the commercial vehicle telematics market is segmented into solutions and services. On the basis of end- users, the market is segmented into transportation and logistics, insurance, healthcare, media & entertainment, vehicle manufacturer and government agencies.
A telematics system includes a vehicle tracking device which is mounted in a vehicle that allows telemetry information to be sent, retrieved and processed. They have the ability to track and record the internal speed and other internal behavior of the vehicles. Some of the common types of telematics are GPS receiver, engine interface, accelerometer, buzzer, and input/output interface. They are widely used by vehicle manufacturer, transportation & logistics, government agencies, media & entertainment among others.
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Key Pointers Covered in the Commercial Vehicle Telematics Market Industry Trends and Forecast to 2026
Key Market Competitors Covered in the Report
Above are the key players covered in the report to know about more and exhaustive list of commercial vehicle telematics companies, contact us https://www.databridgemarketresearch.com/speak-to-analyst?dbmr=global-commercial-vehicle-telematics-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global Vs Regional Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Commercial Vehicle Telematics Market – Industry Trends and Forecast to 2026