Commercial Telematics Market (By Type: Aftermarket, OEM; By Application: Solution, Services; By System: Media and Entertainment, Insurers, Vehicle Manufacturers/Dealers, Transportation & Logistics, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032

The global commercial telematics market size was exhibited at USD 42.46 billion in 2022 and is projected to hit around USD 302.62 billion by 2032, growing at a CAGR of 21.7% during the forecast period 2023 to 2032.

commercial telematics market size

Key Pointers:

  • North America market was valued at USD 12.18 billion in 2022.
  • North America represented highest market share 53% in 2022.
  • Asia Pacific is supposed to create at the speediest rate with a CAGR of 26.6% from 2023 to 2032.
  • By application, the solution segment accounted market share of around 83% in 2022.
  • By end user, the transportation and operations segment accounted 33% market share in 2022.
  • The OEM segment is expected to grow at a CAGR of 15.3% over the forecast timeframe 2023 to 2032.
  • The services segment is expected to reach at a CAGR of 15.4% from 2023 to 2032.

Commercial Telematics Market Report Scope

Report Coverage

Details

Market Size in 2023

USD 51.68 Billion

Market Size by 2032

USD 302.62 Billion

Growth Rate From 2023 to 2032

CAGR of 21.7%

Base Year

2022

Forecast Period

2023 to 2032

Segments Covered

Type, Application, System Type, End-User,

Market Analysis (Terms Used)

Value (US$ Million/Billion) or (Volume/Units)

Regional Scope

North America; Europe; Asia Pacific; Central and South America; the Middle East and Africa

Key Companies Profiled

Zonar Systems, Inc., Trimble Inc., Verizon Telematics, Inc., Omnitracs LLC, Inseego Corporation

 

Telematics is methodology of monitoring the location and movement of vehicle by combination of Global Positioning System (GPS) and on-boards diagnostics systems. With the help of GPS and diagnostics system, it is possible to record the speed and internal behavior of the vehicle. Telematics systems are majorly adopted by the automobile insurance companies, fleet management companies, and others to monitor the location and behavior of the vehicle. The global commercial telematics market refers to the services and solutions that are adopted for monitoring and controlling a commercial vehicle through a telecommunication device. A Fleet Telematics System (FTS) allows the exchange of information between a commercial vehicle fleet and the central authority, which enables them to keep a track of vehicle diagnostics and location.  

The spread of the COVID-19 pandemic has negatively impacted the global commercial telematics market, owing to commute restrictions and expected weak financial performance of the market players in 2020. The economic impact of the pandemic is visible with organizations preparing strategic cost-saving plans. Organizations with vehicle assets are considering sale and leaseback options to improve cash flow. The major risk factors of the commercial telematics market participants are supply chain execution, regulatory & policy changes, dependency on labor, working capital management, and liquidity & solvency management. Commercial telematics is a high-end technological solution dealing with intense capital investment for the end users. In 2020, market participants of the commercial telematics market as well as end users, such as OEM, fleet owners, insurers, and others, witnessed weak financial performance. This expected weak business performance directly impacts the overall sales of the system and service of commercial telematics.

For the commercial telematics market, 2020 is estimated to be a negative performing year, owing to the negative demand and supply outlook from the COVID-19 crisis restrictions in end users such as automotive manufacturer, insurance, and fleet owner. The demand from end users has reduced as there is limited operational activity and their main focus shifted to the core competencies of the origination. The overall production activities of these industries have declined, owing to operations with limited workforce capacity, inadequate health safety measures, and change in consumer sentiments. 

In addition, end users, such as automotive OEM, automotive dealer, insurer, and fleet operators, are expected to focus on the working capital management and there are very less chances for heavy investment in advanced technology. However, there are most probable chances of sales momentum for the commercial telematics technology from 2021, owing to its high installation cost and additional infrastructural requirements. Market participants of commercial telematics are following certain approaches to manage the operations by slashed budgets, extended equipment lifecycles, decreased staff sizes, and reduced salaries in the short term to overcome the financial downturn.

The commercial telematics market is segmented on the basis of solution type, application, service, end user, and region. By solution type, the market is bifurcated into OEM and aftermarket. By application, it is classified into solutions, and services. By end user, it is further divided into transportation and logistics, insurance, healthcare, media & entertainment, vehicle manufacturers/dealers, and government agencies. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Some of the prominent players in the Commercial Telematics Market include:

  • Zonar Systems, Inc. 
  • Trimble Inc.
  • Verizon Telematics, Inc.
  • Omnitracs LLC
  • Inseego Corporation

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the global Commercial Telematics market.

By Type

  • Aftermarket
  • OEM

By Application

  • Solution
    • Fleet Tracking and Monitoring
    • Driver Management
    • Insurance Telematics
    • Safety and Compliance
    • V2X Solutions
    • Others
  • Services
    • Professional services
    • Managed services

By System Type

  • Embedded
  • Tethered
  • Smartphone Integrated

By End user

  • Government Agencies.
  • Media and Entertainment
  • Insurers
  • Vehicle Manufacturers/Dealers
  • Transportation & Logistics
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa (MEA)

Frequently Asked Questions

The global commercial telematics market size was exhibited at USD 42.46 billion in 2022 and is projected to hit around USD 302.62 billion by 2032

The global commercial telematics market is poised to grow at a CAGR of 21.67 from 2023 to 2032.

The major players operating in the commercial telematics market are Zonar Systems, Inc., Trimble Inc., Verizon Telematics, Inc., Omnitracs LLC, Inseego Corporation

North America region will lead the global commercial telematics market during the forecast period 2022 to 2030.

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Commercial Telematics Market 

5.1. COVID-19 Landscape: Commercial Telematics Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Commercial Telematics Market, By Type

8.1. Commercial Telematics Market, by Type, 2023-2032

8.1.1. Aftermarket

8.1.1.1. Market Revenue and Forecast (2020-2032)

8.1.2. OEM

8.1.2.1. Market Revenue and Forecast (2020-2032)

Chapter 9. Global Commercial Telematics Market, By Application

9.1. Commercial Telematics Market, by Application e, 2023-2032

9.1.1. Solution

9.1.1.1. Market Revenue and Forecast (2020-2032)

9.1.2. Services

9.1.2.1. Market Revenue and Forecast (2020-2032)

Chapter 10. Global Commercial Telematics Market, By System Type 

10.1. Commercial Telematics Market, by System Type, 2023-2032

10.1.1. Embedded

10.1.1.1. Market Revenue and Forecast (2020-2032)

10.1.2. Tethered

10.1.2.1. Market Revenue and Forecast (2020-2032)

10.1.3. Smartphone Integrated

10.1.3.1. Market Revenue and Forecast (2020-2032)

Chapter 11. Global Commercial Telematics Market, By End user 

11.1. Commercial Telematics Market, by End user, 2023-2032

11.1.1. Government Agencies

11.1.1.1. Market Revenue and Forecast (2020-2032)

11.1.2. Media and Entertainment

11.1.2.1. Market Revenue and Forecast (2020-2032)

11.1.3. Insurers

11.1.3.1. Market Revenue and Forecast (2020-2032)

11.1.4. Vehicle Manufacturers/Dealers

11.1.4.1. Market Revenue and Forecast (2020-2032)

11.1.5. Transportation & Logistics

11.1.5.1. Market Revenue and Forecast (2020-2032)

11.1.6. Others

11.1.6.1. Market Revenue and Forecast (2020-2032)

Chapter 12. Global Commercial Telematics Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Forecast, by Type (2020-2032)

12.1.2. Market Revenue and Forecast, by Application (2020-2032)

12.1.3. Market Revenue and Forecast, by System Type (2020-2032)

12.1.4. Market Revenue and Forecast, by End user (2020-2032)

12.1.5. U.S.

12.1.5.1. Market Revenue and Forecast, by Type (2020-2032)

12.1.5.2. Market Revenue and Forecast, by Application (2020-2032)

12.1.5.3. Market Revenue and Forecast, by System Type (2020-2032)

12.1.5.4. Market Revenue and Forecast, by End user (2020-2032)

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Forecast, by Type (2020-2032)

12.1.6.2. Market Revenue and Forecast, by Application (2020-2032)

12.1.6.3. Market Revenue and Forecast, by System Type (2020-2032)

12.1.6.4. Market Revenue and Forecast, by End user (2020-2032)

12.2. Europe

12.2.1. Market Revenue and Forecast, by Type (2020-2032)

12.2.2. Market Revenue and Forecast, by Application (2020-2032)

12.2.3. Market Revenue and Forecast, by System Type (2020-2032)

12.2.4. Market Revenue and Forecast, by End user (2020-2032)

12.2.5. UK

12.2.5.1. Market Revenue and Forecast, by Type (2020-2032)

12.2.5.2. Market Revenue and Forecast, by Application (2020-2032)

12.2.5.3. Market Revenue and Forecast, by System Type (2020-2032)

12.2.5.4. Market Revenue and Forecast, by End user (2020-2032)

12.2.6. Germany

12.2.6.1. Market Revenue and Forecast, by Type (2020-2032)

12.2.6.2. Market Revenue and Forecast, by Application (2020-2032)

12.2.6.3. Market Revenue and Forecast, by System Type (2020-2032)

12.2.6.4. Market Revenue and Forecast, by End user (2020-2032)

12.2.7. France

12.2.7.1. Market Revenue and Forecast, by Type (2020-2032)

12.2.7.2. Market Revenue and Forecast, by Application (2020-2032)

12.2.7.3. Market Revenue and Forecast, by System Type (2020-2032)

12.2.7.4. Market Revenue and Forecast, by End user (2020-2032)

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Forecast, by Type (2020-2032)

12.2.8.2. Market Revenue and Forecast, by Application (2020-2032)

12.2.8.3. Market Revenue and Forecast, by System Type (2020-2032)

12.2.8.4. Market Revenue and Forecast, by End user (2020-2032)

12.3. APAC

12.3.1. Market Revenue and Forecast, by Type (2020-2032)

12.3.2. Market Revenue and Forecast, by Application (2020-2032)

12.3.3. Market Revenue and Forecast, by System Type (2020-2032)

12.3.4. Market Revenue and Forecast, by End user (2020-2032)

12.3.5. India

12.3.5.1. Market Revenue and Forecast, by Type (2020-2032)

12.3.5.2. Market Revenue and Forecast, by Application (2020-2032)

12.3.5.3. Market Revenue and Forecast, by System Type (2020-2032)

12.3.5.4. Market Revenue and Forecast, by End user (2020-2032)

12.3.6. China

12.3.6.1. Market Revenue and Forecast, by Type (2020-2032)

12.3.6.2. Market Revenue and Forecast, by Application (2020-2032)

12.3.6.3. Market Revenue and Forecast, by System Type (2020-2032)

12.3.6.4. Market Revenue and Forecast, by End user (2020-2032)

12.3.7. Japan

12.3.7.1. Market Revenue and Forecast, by Type (2020-2032)

12.3.7.2. Market Revenue and Forecast, by Application (2020-2032)

12.3.7.3. Market Revenue and Forecast, by System Type (2020-2032)

12.3.7.4. Market Revenue and Forecast, by End user (2020-2032)

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Forecast, by Type (2020-2032)

12.3.8.2. Market Revenue and Forecast, by Application (2020-2032)

12.3.8.3. Market Revenue and Forecast, by System Type (2020-2032)

12.3.8.4. Market Revenue and Forecast, by End user (2020-2032)

12.4. MEA

12.4.1. Market Revenue and Forecast, by Type (2020-2032)

12.4.2. Market Revenue and Forecast, by Application (2020-2032)

12.4.3. Market Revenue and Forecast, by System Type (2020-2032)

12.4.4. Market Revenue and Forecast, by End user (2020-2032)

12.4.5. GCC

12.4.5.1. Market Revenue and Forecast, by Type (2020-2032)

12.4.5.2. Market Revenue and Forecast, by Application (2020-2032)

12.4.5.3. Market Revenue and Forecast, by System Type (2020-2032)

12.4.5.4. Market Revenue and Forecast, by End user (2020-2032)

12.4.6. North Africa

12.4.6.1. Market Revenue and Forecast, by Type (2020-2032)

12.4.6.2. Market Revenue and Forecast, by Application (2020-2032)

12.4.6.3. Market Revenue and Forecast, by System Type (2020-2032)

12.4.6.4. Market Revenue and Forecast, by End user (2020-2032)

12.4.7. South Africa

12.4.7.1. Market Revenue and Forecast, by Type (2020-2032)

12.4.7.2. Market Revenue and Forecast, by Application (2020-2032)

12.4.7.3. Market Revenue and Forecast, by System Type (2020-2032)

12.4.7.4. Market Revenue and Forecast, by End user (2020-2032)

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Forecast, by Type (2020-2032)

12.4.8.2. Market Revenue and Forecast, by Application (2020-2032)

12.4.8.3. Market Revenue and Forecast, by System Type (2020-2032)

12.4.8.4. Market Revenue and Forecast, by End user (2020-2032)

12.5. Latin America

12.5.1. Market Revenue and Forecast, by Type (2020-2032)

12.5.2. Market Revenue and Forecast, by Application (2020-2032)

12.5.3. Market Revenue and Forecast, by System Type (2020-2032)

12.5.4. Market Revenue and Forecast, by End user (2020-2032)

12.5.5. Brazil

12.5.5.1. Market Revenue and Forecast, by Type (2020-2032)

12.5.5.2. Market Revenue and Forecast, by Application (2020-2032)

12.5.5.3. Market Revenue and Forecast, by System Type (2020-2032)

12.5.5.4. Market Revenue and Forecast, by End user (2020-2032)

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Forecast, by Type (2020-2032)

12.5.6.2. Market Revenue and Forecast, by Application (2020-2032)

12.5.6.3. Market Revenue and Forecast, by System Type (2020-2032)

12.5.6.4. Market Revenue and Forecast, by End user (2020-2032)

Chapter 13. Company Profiles

13.1. Zonar Systems, Inc.

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. Trimble Inc.

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. Verizon Telematics, Inc

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. Omnitracs LLC

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. Inseego Corporation

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

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