Global Commercial Vehicle Telematics Market will be worth $11.2BN in 2014

Wednesday 29 January 2014, Amsterdam

An analysis indicates that the global Commercial Vehicle Telematics market will be worth $11.2bn in 2014, as global regulations for safety, increased demand for tracking, and logistics competition drive the incremental telematics penetration into commercial vehicle fleets.

The author of the Commercial Vehicle Telematics Market Forecast 2014-2024: What Are The Prospects For Leading Players? report commented that “Growth in the Commercial Vehicle Telematics market is mainly driven by three factors. Firstly, the increasing fuel prices accompanied with strong price-competition in logistics drive transportation companies and fleet operators to adopt telematics to sustain profitability and gain competitive advantage. Secondly, global regulatory mandates (eCall in EU, GLONASS in Russia, SVT in Brazil) require the usage of telematics for safety purposes and the installation of basic Telematics Control Units (TCU) in all new commercial vehicles in Europe from 2015 and in other countries from 2016 onwards. Thirdly, the increased demand for wireless connectivity, demonstrated by the high level of penetration of smartphones and tablets, offers the opportunity to substitute functions of the onboard computer with smartphones and tablets. These drivers offer the opportunity to car OEMs, aftermarket service providers, software developers and Telematics Services Providers (TSPs) to provide a broad range of new services that could lead to new revenue streams and enhancement of customer loyalty due to the Commercial Vehicle Telematics ecosystem. Still though, the market needs to overcome data privacy concerns in order to become a standard feature”.

The 151 page report contains 205 tables, charts and graphs that add visual analysis in order to explain developing trends within the Commercial Vehicle Telematics market. This new report provides forecasts for the period 2014-2024 in terms of revenues ($bn) for the Global Commercial Vehicle Telematics market. In addition, 5 regional and13 leading national Commercial Vehicle Telematics markets are forecasted and analysed over the period 2014-2024.

Within the report, the global Commercial Vehicle Telematics market is segmented into two submarkets by type of connectivity -Embedded Solutions, Integrated Solutions, Tethered Solution and also by service provider: OEM Hardware, Aftermarket Hardware, Telematics Hardware, Connectivity Hardware submarkets. The report also provides profiles of 8 leading companies operating within the market, and an exclusive interview with a principal player in the Commercial Vehicle Telematics market, providing expert insight complementing analysis.

The Commercial Vehicle Telematics Market Forecast 2014-2024: What Are The Prospects For Leading Players? report will be of value to current and future potential investors into the automotive industry, as well as companies and research centres who wish to broaden their knowledge of the Commercial Vehicle Telematics market.