The global commercial telematics market is being driven by the strict regulations introduced by different governments across the globe.Commercial telematics refers to the services and solutions that aid in monitoring a commercial vehicle through telecommunication. The location and movement of the vehicle are detected via Global Positioning System (GPS), whereas diagnostic systems help in recording the speed and behavior of the vehicle. A commercial telematics system allows the interchange of information between the central authority and the commercial vehicle through which the activities of the vehicle can be tracked. In case of any unauthorized movement, this system can alert the fleet manager. Besides this, it also helps in fuel management, optimizing maintenance, safety and financing, and driver downtime. As a result, this system is being adopted by several fleet management companies and automobile insurance companies.
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Note: The regularly tracking direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Commercial Telematics Market 2021-2026 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
AirIQ Inc., Bridgestone Corporation, General Motors Company, Geotab Inc., Masternaut Limited. (Michelin), Mix Telematics International (Pty) Ltd., Octo Telematics, Omnitracs LLC, Trimble Inc., Verizon Communications Inc. and Zonar Systems Inc. (Continental AG).
The report has segmented the market on the basis on region, type, system type, provider type and end use industry.
Breakup by Type:
- Solution
- Services
- Embedded
- Tethered
- Smartphone Integrated
- OEM
- Aftermarket
- Transportation and Logistics
- Media and Entertainment
- Government and Utilities
- Travel and Tourism
- Construction
- Healthcare
- Others
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Figure: https://www.imarcgroup.com/Commercial-Telematics-Market
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