1. Market Research
  2. > Automotive Market Trends

Commercial Telematics Market: By Vehicle Type (Truck, Semi-Trailer, Motor Coach, Taxicab, Trailers & Others) By Components (Communication, Sensors, Control Unit, Audio/Video) By Services (Safety & Security, Navigation, Othrs)-Forecast (2015-2020)

  • August 2015
  • 224 pages
  • Industry ARC
Report ID: 3759132

Summary

Table of Contents

Commercial telematics are vehicle-centric information and communication technologies (vehicle ICTs) and services. While safety and security are the cornerstones of commercial telematics offerings, the current global economic scenario also indicates development of a market for technologies which provide the end-user with a system which ensures ease of driving along with ubiquitous net connectivity without compromising on safety and security. With the fuel prices on the rise, applications that contribute to cost savings, by increasing engine efficiency will become a necessity in the future. Focus has also shifted to information and navigation devices, which experts believe is going to be a big market in the coming days led by the remote vehicle diagnostics market.

As the services offered by telematics systems are quite wide-ranging, this market requires the participation of a number of industries such as Automotive OEMs, which have to come up with economically-viable and high quality telematics systems. These systems again are made of a number of components such as telematics control units, navigation systems, communication devices, audio video interfaces, sensors etc., so electronics manufacturing industries have a major role to play in this segment. Finally the onus to carry out these services falls on the tele-communications industry that are the key to supply mobile data-connections, satellite connections, and also the customer service industry to provide hassle-free 24x7 service to the end-users.

In the current market scenario for commercial telematics, market size is estimated to be around the $14.2 billion mark in 2014. Based on the growth rate seen in the various services and the market share of the major players in this sector, we have forecasted the market numbers for the year 2020.
As the safety of the user is the most important factor, governments in some countries have been considering the idea of implementing compulsory safety measures in passenger vehicles such as emergency notification in case of accidents which include the vehicle making an emergency call to the state helpline, and sending the exact GPS co-ordinates of the place where the accident has occurred. Emergency crash notification and remote diagnostics are preventative measures designed for the anticipation, avoidance and fast reconciliation of troublesome situations. These services include continuous automotive manufacturing systems, non-continuous monitoring systems, diagnostic services as well as communication networks. These services monitor the vehicle information such as oxygen and fuel monitoring and ignition and catalyst monitoring through in-built devices and alert user in case of problems.Telematics insurance applications are becoming more popular as they allow drivers to reduce their premiums. With schemes such as Pay-as-you-Drive (PAYD), Pay-how-you-drive (PAHD) the passenger has the opportunity to save money by avoiding over-priced premiums. Fleet management is one more area wherein telematics play a vital role, as telematics can be used to make the management system more efficient by maintaining a real-time track of all the vehicle in the fleet not only with regards to location, but also with speeds, uptime, downtime etc.,. Fleet Telematics System (FTS) facilitates the exchange of information between a commercial fleet of vehicles and their central authority i.e., their dispatch office. With high fuel prices in the market, implementation of telematics systems seems like a logical step especially in fast growing markets like China. For service providers looking to expand to markets that have yet to reach maturity, China and other developing markets (especially in Asia-Pacific) provide an ample scope of opportunities in the future.

As a healthy growth has been forecasted for the commercial telematics industry, it has generated a lot of interest in the automotive, tele-communications and information technology segments as companies look to gain a foot-hold in this market Major players in these industries are either investing into the R&D of their own telematics platform or are collaborating with already existing commercial telematics suppliers to to produce vehicular telematics systems.

Key Players in Telematics Services:
CalAmp Corp.,
Astrata Group (Omnitracs)
Masternaut
Descartes
Fleetmatics and others
This market is oligopoly in nature and is highly fragmented. The report also highlights the developments taking place in the market such as improvement of security of telematics systems by identifying the ad hoc security communication issues plaguing the market. In order to assist Vehicle to Vehicle (V2V) and Vehicle to Infrastructure (V2I) communication, a Vehicle Link layer standard was introduced. This Link Layer enhances the geographical addressing, security of communication and multihop forwarding feature thereby facilitating improved intra vehicular wireless communication. Another key standard introduced is a standard randomized MAC address in order to improve privacy and security of information and the network. The co-operative vehicle infrastructure (CVIS) project has focused on development of standards for the components in a telematics system and various initiatives that drive cooperation, communication, safety and efficiency of vehicles and their movements. These standardizations and other communication and integration platform unifications are analyzed to understand the growth and opportunity prospects of the commercial telematics market.

Please note: this report requires certain updates. We have all the information available but require 2 working days business days to complete the process and ensure it is as up-to-date as possible.


Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Amrita helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

US Automotive Technicians’ Choice Survey of Replacement Parts, 2016

  • $ 20000
  • Industry report
  • May 2017
  • by Frost & Sullivan

Technicians Shifting to Digital Platforms The importance of technicians as customers for part suppliers continues to grow with the continued expansion of the Do-It-For-Me (DIFM) channel in the US automotive ...

Liquid and Gas Filtering and Purifying Equipment Markets in the World to 2021 - Market Size, Development, and Forecasts

  • $ 22464
  • Industry report
  • July 2017
  • by Global Research & Data Services

The industry report package Liquid and Gas Filtering and Purifying Equipment Markets in the World to 2021 offers the most up-to-date market data on the actual market situation, and future outlook for liquid ...

Rubber Tyre Markets in the World to 2021 - Market Size, Trends, and Forecasts

  • $ 22464
  • Industry report
  • July 2017
  • by Global Research & Data Services

This industry report package offers the most up-to-date market data on the actual market situation, trends, and future outlook for rubber tyres in the world. Along with a global rubber tyre market report ...


Download Unlimited Documents from Trusted Public Sources

Auto Parts Markets in the US

  • August 2017
    50 pages
  • Auto Parts  

  • United States  

    World  

View report >

Auto Parts Markets in the US

  • August 2017
    50 pages
  • Auto Parts  

  • United States  

    World  

View report >

Auto Parts Markets in the US

  • August 2017
    50 pages
  • Auto Parts  

  • United States  

    World  

View report >

ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.