Technavio has been monitoring the commercial vehicle telematics market and it is poised to grow by USD 17.21 bn during 2019-2023, progressing at a CAGR of almost 21% 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.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200518005378/en/
Technavio has announced its latest market research report titled Global Commercial Vehicle Telematics Market 2019-2023 (Graphic: Business Wire)
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact
The market is moderately concentrated, and the degree of concentration will accelerate during the forecast period. Bridgestone Corp., Continental AG, Geotab Inc., Omnitracs LLC, Trimble Inc., and Verizon Communications Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Focus of traditional automotive suppliers on offering telematics has been instrumental in driving the growth of the market.
Commercial Vehicle Telematics Market 2019-2023 : Segmentation
Commercial Vehicle Telematics Market is segmented as below:
-
Application
- LCVs
- M&HCVs
-
Type
- Embedded Telematics
- Portable Telematics
- Smartphone-based Telematics
-
Geographic Landscape
- APAC
- Europe
- MEA
- North America
- South America
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR31888
Commercial Vehicle Telematics Market 2019-2023 : Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our commercial vehicle telematics market report covers the following areas:
- Commercial Vehicle Telematics Market Size
- Commercial Vehicle Telematics Market Trends
- Commercial Vehicle Telematics Market Industry Analysis
This study identifies use of 5G technology in automotive telematics as one of the prime reasons driving the commercial vehicle telematics market growth during the next few years.
Commercial Vehicle Telematics Market 2019-2023 : Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the commercial vehicle telematics market, including some of the vendors such as Bridgestone Corp., Continental AG, Geotab Inc., Omnitracs LLC, Trimble Inc., and Verizon Communications Inc. Backed with competitive intelligence and benchmarking, our research reports on the commercial vehicle telematics market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio’s SUBSCRIPTION platform
Commercial Vehicle Telematics Market 2019-2023 : Key Highlights
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will assist commercial vehicle telematics market growth during the next five years
- Estimation of the commercial vehicle telematics market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the commercial vehicle telematics market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of commercial vehicle telematics market vendors
Table Of Contents :
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Market segmentation by application
- Comparison by application
- LCVs – Market size and forecast 2018-2023
- M&HCVs – Market size and forecast 2018-2023
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY TYPE
- Market segmentation by type
- Comparison by type
- Embedded telematics – Market size and forecast 2018-2023
- Portable telematics – Market size and forecast 2018-2023
- Smartphone-based telematics – Market size and forecast 2018-2023
- Market opportunity by type
PART 09: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2018-2023
- Europe – Market size and forecast 2018-2023
- APAC – Market size and forecast 2018-2023
- South America – Market size and forecast 2018-2023
- MEA – Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 12: MARKET TRENDS
- CV telematics to play crucial role in shift toward electric trucks
- Adoption of video-based telematics to precisely track driver behavior
- Growing popularity of UBI among fleet operators
PART 13: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 14: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Bridgestone Corp.
- Continental AG
- Geotab Inc.
- Omnitracs LLC
- Trimble Inc.
- Verizon Communications Inc.
PART 15: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 16: EXPLORE TECHNAVIO
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200518005378/en/