Table of Contents
CV Telematics Market is Anticipated to Grow at 25% by 2020
This research service presents an analysis of commercial vehicle telematics market in Australia including Medium and Heavy Commercial Vehicles during 2013–2020. It analyzes the developments in telematics industry for commercial vehicles and presents an outlook of domestic growth opportunities. It also identifies the evolution roadmap and provides strategic recommendations for market opportunity assessment to the stake holders. The RS includes executive summary, research scope and segmentation, total market dynamics, product analysis, opportunity analysis, market measurements, vendor analysis, key conclusion and recommendations, appendix, Market Engineering methodology, and list of related studies that have been either published or in the works, or planned for 2014.
Executive Summary—Key Findings
Growth of commercial vehicle (CV) telematics market is likely to be % by 2020. Commercial Vehicle Telematics Market: Top 5 Market Highlights, Australia, 2013
1 Telematics Growth Penetration
The newly introduced Higher Mass Limit regulation is expected to increase the adoption of telematics-enabled fleet management systems (FMS) as fleet operators look to take advantage of the higher load capacity allowed under this law.
2 Safety is Priority
As workplace safety continues to become a major consideration for fleet operators, FMS solutions that can help monitor and modify driver behavior, and will gain more acceptance in the market.
3 Customized Insurance
Telematics-enabled insurance has been recently introduced to the private market in Australia. It is predicted that the partnerships between Telematics FMS providers and local insurance providers, will see similar solutions offered to the commercial market.
4 The Rise of the OEMs
CV original equipment manufacturers (OEMs) are expected to gain more market share in the coming years as FMS are bundled in with the sale of new modern vehicles.
5 Larger Fleets Due to Consolidation
Consolidation of the Australian trucking industry will create larger fleets, which are likely to have a greater need for the solutions offered by Telematics FMS service providers.
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