The global commercial vehicle telematics market is expected to reach USD 41.29 Billion by 2028, according to a new report by Reports and Data. Vehicle telematics systems, composed of telecommunication and informatics, provide crucial information for drivers, such as information about live traffic status and weather forecast. Essentially, it is vehicle monitoring systems that empower the drivers to stay updated with real-time performance and safety of the vehicle. Information collected by the telematics system is beneficial in critical circumstances, for instance, to communicate instantaneously with the police or respective authorities for prompt actions in case of an accident. Telematics systems assist automotive companies, insurers, and drivers with the highest safety feature.
The safety and security services of vehicle telematics comprise the automatic crash notification, emergency, and medical assistance, which is anticipated to stimulate market growth in the forecast period. As a component of the Automatic Crash Notification service, the telematics control unit (TCU) monitors several crash sensors of the automotive and in the occurrence of a crash it directs the details of the vehicular location and crash intensity as well as sends a voice call to the telematics call center so that emergency services are dispatched to the accident spot.
Legislative norms and regulations introduced by the governments across the globe pertaining to the increased usage of telematics in the automotive to improve road safety. These government initiatives are projected to propel the market growth in the upcoming years.
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For the purpose of this report, Reports and Data have segmented the global commercial vehicle telematics market on the basis of offering, product type, provider type, vehicle type, industry vertical, and region:
Offering Outlook (Revenue, USD Million; 2016-2026)
Product Type Outlook (Revenue, USD Million; 2016-2026)
Provider Type Outlook (Revenue, USD Million; 2016-2026)
Vehicle Type Outlook (Revenue, USD Million; 2016-2026)
Industry Vertical Outlook (Revenue, USD Million; 2016-2026)
Regional Outlook (Revenue, USD Million; 2016-2026)
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Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2026
Chapter 3. Indicative Metrics
Chapter 4. Commercial Vehicle Telematics Segmentation & Impact Analysis
4.1. Commercial Vehicle Telematics Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing concern for safety and security among commercial vehicle consumers
4.2.2.2. Proliferation of smart devices
4.2.2.3. Growing deployment of Next Generation Telematics Protocol (NGTP)
4.2.2.4. Legislation pertaining to road safety and accidents
4.2.3. Market restraints analysis
4.2.3.1. Growing Security and Privacy concern
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis…
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