Global Commercial Telematics Market 2022-2027

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    GLOBAL COMMERCIAL TELEMATICS MARKET

     

    INTRODUCTION

    This technology is a means of tracking a car’s position and speed using a mix of GPS and on-board troubleshooting devices. The GPS plus monitoring systems can be used to capture the driving behaviour plus internal behaviour.

     

    Vehicle insurance carriers, transportation and logistics businesses, and others have used telemetry technology to track the position and behaviour of vehicles. The worldwide commercial telematics market encompasses the products and solutions used to monitor and manage a company vehicle via a communications device.

     

    A Fleet Telemetry Solution (FTS) permits data to be exchanged between a commercial vehicle fleet and a centralized administration, companies can keep control with equipment diagnostics and position.

     

    Corporate technology comprises automobile information and communication technologies/services aimed towards the commercial business transportation segments that employ inbuilt technologies, portable and supplementary components.

     

    They enable networks connecting commercial vehicles/fleets and IT applications, with an emphasis on productivity improvement, effectiveness, competitiveness, cost savings (such as cheaper premiums and deductibles), and environmentalism.

     

    infographic: Commercial Telematics Market, Commercial Telematics Market Size, Commercial Telematics Market Trends, Commercial Telematics Market Forecast, Commercial Telematics Market Risks, Commercial Telematics Market Report, Commercial Telematics Market Share

     

    Vehicle tracking services providers include a mix of IoT vehicle tracking alternatives, cloud, components, and management software, such as GPS tracking, cloud-based platforms with easy integration for numerous partners, telematics sensors, fleet management software, a streamlined and accessible dashboard with visualisations, reporting functionality, computer controlled and easily adaptable notices and alarm systems, conformance specifications, and real-time Machine Intelligence.

     

    These devices capture and send GPS and vehicle-specific data over GPRS, 4G, and wireless communications.

     

    GLOBAL COMMERCIAL TELEMATICS MARKET DEVELOPMENTS AND INNOVATIONS

    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 Ford aims to be the Tesla of connected commercial vehicles Ford is focusing on development of new commercial vehicles-based connectivity and telematics technology for deployment in the global market. Global Scale This would enhance better Technologies production

     

    GLOBAL COMMERCIAL TELEMATICS MARKET DYNAMICS

    Organizations are planning smart cost-cutting initiatives in response to the pandemic’s financial consequences. To enhance cash flow, organisations owning car assets are contemplating sale and purchase possibilities.

     

    Supply management performance, governmental & changes in policy, labour reliance, working capital management, and liquidity & solvency management are the primary risk considerations for commercial telematics market participants. Commercial telematics is a high-end technology solution that requires a significant capital commitment on the part of the end customer.

     

    End-user interest has decreased due to restricted operational activity, and their primary attention has switched to the organization’s core strengths. Several businesses’ overall productivity activities have decreased as a result of operations with limited staff capacity, poor health safety measures, and changes in customer mood.

     

    Furthermore, service providers including car OEMs, automobile dealers, insurers, and transport providers, for example, are required to prioritise financial performance, with little room for large investment in innovative technologies. However, due to its high installation cost and other infrastructure needs, commercial telematics technology is likely to gain traction beginning in 2021.

     

    The expansion of the telematics market is being driven by government laws and regulations for car safety, security, and monitoring in various areas. The United States Department of Transportation, for example, has published standards for traffic surveillance.

     

    Accordingly, the transportation management is expected to give reports for any infractions discovered by federal or state investigators, as well as a full record of all violations observed.

     

    GLOBAL COMMERCIAL TELEMATICS MARKET SEGMENTATION

    The Global Commercial Telematics Market can be segmented into following categories for further analysis.

    By Application

    • Median Commercial Application
    • Heavy Commercial Application
    • High-Capacity User Application

     

    By Internal Application Type

    • Safety and Security
    • Entertainment
    • Information and Navigation
    • Diagnostics
    • Others

     

    By Embedding Type

    • Embedded
    • Retrofitted

     

    By Propulsion Type

    • Conventional Fuel
    • Hydrogen Fuel Cells
    • Hybrid Vehicles
    • BEV
    • PHEV

     

    By Regional Classification

    • Asia Pacific Region – APAC
    • Middle East and Gulf Region
    • Africa Region
    • North America Region
    • Europe Region
    • Latin America and Caribbean Region

     

    RECENT TECHNOLOGICAL TRENDS IN GLOBAL COMMERCIAL TELEMATICS MARKET

    Many networking technologies are built into current automobiles. These require internet access to carry out their particular duties. In an automobile, connection can be delivered through embedded, integrated, or tethered networking options.

     

    The automobile sector is undergoing a digital transformation. Automobiles will be entirely turned into communication devices during the next few years. Deployment of telematics by heavy commercial vehicles offers various advantages since the technology enables fleet-based enterprises to reduce fuel usage.

     

    Fleet managers are frequently under the misconception that monitoring solutions only deliver a big volume of data with little or no actionable information, which might stymie industry progress.

     

    As a result, building a feeling of understanding throughout commercial vehicle managers about the advantages of the technology is critical to the fuel industry.

     

    Furthermore, providers must develop solutions which concentrate on incorporating sophisticated analytical approaches across one of these technologies that collect data from numerous vehicles and analyse it to provide fleet managers with real-time, strategic, and business-critical intelligence.

     

    A monitoring unit, sometimes known as a Black Box, is the most important component of a telematics system. The black box is connected to the microcontroller and may gather and transmit vital information about the car as well as the driver to the telematics system.

     

    To acquire data, the black box may connect to different ports such as CAN-bus, OBD-port, or native sensors like ignition, fuel injection system, doors detectors, and so forth. This information is parsed by the proprietary algorithms, which generates pre-formatted output.

     

    This information is sent to a third-party platform or programme in real-time over a normal cellular network utilising the internal SIM card The end user may then view and evaluate all of these KPIs from a single dashboard.

     

    GLOBAL COMMERCIAL TELEMATICS MARKET RECENT ACQUISITION

     

    The commercial fleet telematics provider NexTraq, based in the United States, will be purchased by Michelin in an all-cash deal. NexTraq is an Atlanta-based division of FLEETCOR Technologies, Inc., one of the world’s top suppliers of workforce payment solutions and fuel cards.

     

    NexTraq offers solutions for improving fleet productivity, managing fuel costs, and ensuring driver safety. Since its founding, NexTraq has established itself as a market leader in providing GPS fleet management solutions for small commercial vehicle (classes 3–5) fleets with two to fifty vehicles.

     

    The Michelin Group’s long-term business goals include an important area of telematics and fleet management services, which are a rapidly expanding industry globally.

     

    With synergies that improve size, broaden the geographic reach, and boost overall competitiveness in fleet management technology and services in the US, NexTraq is a strategic purchase that quickens the growth of telematics.

     

    The technology used by NexTraq, among other things, can track reckless driving and prohibit texting while driving. This capability is a perfect cultural match for Michelin’s mission and ongoing dedication to traffic safety. T

     

    he completion of a few usual requirements, such as clearance under the Hart-Scott-Rodino Act, is required before the transaction can close.

     

    GLOBAL COMMERCIAL TELEMATICS MARKET RECENT LAUNCH

    The introduction of Element Connectivity Solutions, a new solution that consists of the two products QConnect and DriverCare CoPilot, is announced by Element Fleet Management Corp. The goods are designed for fleet managers looking for mobile device and OEM-embedded vehicle connectivity solutions.

     

    To increase driver and vehicle efficiency and to provide a comprehensive knowledge of fleet health and usage, QConnect collects data directly from OEM linked vehicles. This data is then used to provide snapshots of vehicle and fleet performance.

     

    The Cambridge Mobile Telematics platform-based DriverCare CoPilot software combines a smartphone app for drivers with a web site and makes driving trend data accessible to fleet and safety managers.

     

    The division, which integrates ZF’s old Commercial Vehicle Technology and Commercial Vehicle Control Systems, was created, according to a statement from ZF. ZF will exhibit its technology trailer outside the convention centre, which includes TrailerCAST, a telematics system that provides connectivity services for fleets, in addition to its booth display.

     

    It offers GPS position tracking, notifications for essential issues, optimum planning of important maintenance cycles, and other features that are all designed to interpret and disseminate crucial insights to keep trailers on the road.

     

    Innovative app-based vehicle and driver tracking has been introduced by MiX Telematics, a top global SaaS provider of connected fleet management systems. With this solution, MiX Telematics increases its capacity to assist clients in enhancing driver security and controlling the hazards associated with overseeing varied and dynamic fleets.

     

    An expansion of MyMiX, a comprehensive driver engagement software, the smartphone-based solution gives drivers useful data and notifications to help them improve their driving habits, including quick, in-cab aural feedback.

     

    Geotab, a telematics company, recently unveiled a new solution that modifies the conventional SaaS approach. With the help of the new product, Extended Services, fleets will be able to develop secondary databases for securely allowing access to third parties and exchanging car telemetry data with their own applications (API).

     

    The database created by Extended Services only contains the information that fleets want to exchange.

     

    COMPETITIVE LANDSCAPE

    Substantial increase in the transportation system throughout the world is one of the primary reasons propelling the market growth forward. Additionally, the increased deployment of smart transportation systems is fuelling market development.

     

    Vehicle manufacturers are adding advanced connection technologies to deliver more precise data about just the cars as the use of smartphones and mobile, notebooks, and tablet devices grows. The growing worries of governments all over the world about safety protocols anticipated driving demand for the safety and compliance solutions segment and were expected to produce increased needs.

     

    Ford has been part of the automotive sector of integrating new technologies for several decades. It has been now focusing on better mobilisation of telematics requirements within the vehicles.

     

    Ford Telematics, a web-based software platform and subscription service aimed to assist commercial vehicle clients in better managing and optimising the effectiveness of commercial operations, has been released.

     

    It enables commercial vehicle clients to manage commercial operations using GPS monitoring and geofencing, get live vehicle health warnings to plan and restrict downtime, create recommendations for automotive care, evaluate driver behaviour, and ultimately decrease expenses.

     

    Commercial clients will then have accessibility to Ford Telematics Drive, the smartphone app that operators can use to complete daily regular inspections and report faults and also that transit agencies may correlate with cars so that fleet managers understand whose driver is using a vehicle. Companies that own commercial trucks may use Ford Telematics to track their fleets using GPS.

     

    BMW AG is a global scale developer of the mobility telematics solutions within the market. BMW Telematics, as well as the launch of the BMW Assistance Bundle, which includes Personalized Experience, traffic updates, and automated emergencies dialling.

     

    BMW Telematics is participating in activities in which, if the airbags deployed, the request would be routed first from the authorities. A Motorola GPS receiver, mobile transmitter, and modem/transceiver control system are housed in the Telematics Control Unit (TCU).

     

    It is linked to the engine control unit as well as the airbags component. The very first built-in Micro sim is installed in a BMW, and it was incorporated into the telematics module. Some cards can be switched, although doing so may cause the vehicle to lose connection to BMW databases. Most vehicles’ TCUs communicate with the infotainment system through a MOST Bus.

     

    COMPANIES PROFILED

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in theIndustry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2027
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2027
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2027
    21 Product installation rate by OEM, 2022
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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