NEW YORK, Feb. 9, 2016 /PRNewswire/ -- Connected Truck Market in Japan: Telematics Penetration Likely to Grow Twofold by 2018; OEMs' Standard Telematics Fitment to Create Opportunities
The objective of the research service is to provide an overview of the connected truck (commercial vehicle telematics) market in Japan. The market insight focuses on the current market scenario—trends, drivers and restraints, and challenges. The research also briefly analyses the competitive landscape by focusing on the key vendors (aftermarket or third party and vehicle original equipment manufacturers) such as Hino Trucks, UD Trucks, ISUZU, and Hitachi Automotive. Additionally, it focuses on the telematics installed base and the total addressable market for commercial vehicles.
Executive Summary—Key findings
The size of the total connected truck market was approximately units in 2015 with about % penetration across the total addressable market.
Entry-level services such as track and trace, performance records (pick-ups and drop-offs), traffic information, and arrival time prediction are the immediate requirements of the fleet operators.
ISUZU is the first mover offering optional telematics since 2002. Other notable OEMs are Hino and UD Trucks, while Horiba Ltd., Hitachi Automotive Systems, Fujitsu, and Yazaki are the key aftermarket vendors.
The most prevalent and preferred business model is the upfront one where hardware cost is claimed initially followed by a monthly service subscription fee.
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