NEW YORK, June 3, 2021 /PRNewswire/ -- Technavio has been monitoring the commercial telematics market and it is poised to grow by USD 12.00 billion during 2021-2025, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Based on segmentation by product, which is the leading segment in the market? The commercial telematics market share growth by the solutions segment will be significant during the forecast period.
What are the major trends in the market? Globalization of the telematics supply chain is one of the major trends in the market.
At what rate is the market projected to grow? Growing at a CAGR of almost 6%, the incremental growth of the market is anticipated to be USD 12 billion.
Who are the top players in the market? AB Volvo, Bridgestone Corp., Continental AG, General Motors Co., Geotab Inc., Omnitracs LLC, Trimble Inc., Verizon Communications Inc., Visteon Corp., and Volkswagen AG are some of the major market participants.
What are the key market drivers and challenges? Increasing adoption of driver assistance systems is one of the major factors driving the market. However, the complexity of telematics software and hardware design restraints the market growth.
How big is the APAC market? The APAC region will contribute 33% of market growth.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AB Volvo, Bridgestone Corp., Continental AG, General Motors Co., Geotab Inc., Omnitracs LLC, Trimble Inc., Verizon Communications Inc., Visteon Corp., and Volkswagen AG are some of the major market participants. The increasing adoption of driver assistance systems will offer immense growth opportunities.
In a bid to help players strengthen their market foothold, this commercial telematics market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
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Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The commercial telematics market report covers the following areas:
Commercial Telematics Market Size
Commercial Telematics Market Trends
Commercial Telematics Market Analysis
This study identifies globalization of the telematics supply chain as one of the prime reasons driving the Commercial Telematics Market growth during the next few years.
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CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist commercial telematics market growth during the next five years
Estimation of the commercial telematics market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the commercial telematics market across North America, Europe, APAC, South America, and MEA
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of commercial telematics market vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
Five Forces Summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Product
Comparison by Product
Solutions - Market size and forecast 2020-2025
Services - Market size and forecast 2020-2025
Market opportunity by Product
Market Segmentation by Platform
Comparison by Platform
Embedded systems - Market size and forecast 2020-2025
Tethered systems - Market size and forecast 2020-2025
Smartphone integration systems - Market size and forecast 2020-2025
Market opportunity by Platform
North America - Market size and forecast 2020-2025
Europe - Market size and forecast 2020-2025
APAC - Market size and forecast 2020-2025
South America - Market size and forecast 2020-2025
MEA - Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
Market positioning of vendors
General Motors Co.
Verizon Communications Inc.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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