Commercial telematics is an integrated solution consists of vehicle
monitoring systems, mobile communication and location technology. The term
telematics is used to define vehicles that are connected via wireless
technology namely GPS. Commercial telematics applications include trailer
tracking, vehicle tracking, fleet management, cold storage freight logistics,
satellite navigation, mobile television and mobile data. The government
regulations for energy efficiency and safety are pushing the automotive
industry and providers to develop innovative solutions in the commercial
telematics market. The latest solutions are V2I, V2V and electric vehicle
charging among others. Increasing demand for connectivity solutions such as LTE
and 3G networks is driving this market.
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The commercial telematics
market can be segmented into two major types into commercial telematicstypes
and applications. The commercial telematics type segment consists aftermarket
telematics, OEM telematics, while the end user segment consists of manufacturing,
construction, transportation and logistics, government, insurance and
healthcare. The market can also be segmented geographically into North America,
Europe, Asia Pacific and RoW (Rest of the World). The commercial telematics
market across the globe is expected to show a substantial growth in CAGR, from
2013 to 2019. There is a significant increase in the commercial telematics
market because it increases safety and improves energy efficiency.
Some of the key drivers of
this market include low cost, government regulations & initiatives and
increasing use of smart phones, which are biggest revenue generator for
commercial telematics market. Some of the key restraints to this market are
lack of standardization in systems and concern for privacy. Increased
penetration into insurance market shows huge opportunity for key players in
this market. Some of the key players in the commercial telematics market are
Masternaut, General Motors, Mix Telematics, Orbocomm, Telogis, Omnitracs,
Verizon Tomtom, Trimble and Volvo.
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This
research report analyzes this market depending on its market segments, major
geographies, and current market trends. Geographies analyzed under this
research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides
comprehensive analysis of
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- Factors limiting market growth
- Current market trends
- Market structure
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