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Executive Analysis of Internet Use Cases in Trucks 

  • September 2015
  • 45 pages
  • Frost & Sullivan
Report ID: 3312058

Summary

Table of Contents

Executive Analysis of Internet Use Cases in Trucks : Internet-enabled Services to Reduce the Average Truck Driver Age to 35–40 in the Next 7 Years

This research study analyzes the current and future developments in truck ecosystem with the Internet of Things (IoT) taking shape in the trucking industry. Growing awareness of IoT in the automotive industry has unveiled a number of smart trucking services that could significantly benefit the fraternity in various aspects. While OEMs are building Internet-based–real-time technologies which strongly emphasize on safety, fuel saving, and emission reduction, telematics vendors are gearing up with advanced fleet management services for effective fleet and driver utilization. IoT in trucks will add new revenue streams for OEMs and telematics vendors by bringing in data aggregators and analytics companies into their partnership ecosystem. The benefits are passed on to fleet operators and drivers in the form of a transparent and foolproof system, resulting in enhanced operational efficacy and ease of work flow. Implications and use cases of Internet-enabled smart services for OEMs, telematics vendors, and drivers are covered comprehensively in this report.

Key Findings

Going forward, fleet companies will unanimously agree to share operational data on a unified SaaS-based platform to benchmark, compare, improve and learn from the industry's best practices.

Truck Telematics Market: Key Findings, Global, 2014

Unified Platform
Telematics vendors will build a common platform in the likes of fleet operators for easy installation of third-party applications

Future Entrants
With the advent of IoT-enabled services in truck telematics market, tech giants such as Google and Apple are expected to compete in the mainstream market.

Attract Younger Drivers
IoT1 in trucks will embrace younger drivers, as the system will significantly ease out work flow for drivers while providing added connectivity to external world.

OEM Focus
OEMs2 will leverage partnerships with telematics vendors for ECM3 reprogramming through over-the-air (OTA) capability.

Telematics Vendors
Telematics vendors will gradually transform into IoT enablers by adding data aggregators and cloud analytics providers to their partnership portfolio.

Key Questions this Study will Answer

- What is Internet of Things (IoT) and what does it mean to the commercial vehicle industry?
- Who are the essentials in the IoT-enabled truck ecosystem and who are the key beneficiaries?
- What are the implications of IoT-enabled telematics for OEMs, aftermarket vendors and truck drivers?
- What are some of the futuristic services which will evolve as a result of enabling IoT in trucks?

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