Global Commercial Vehicle Telematics Market 2021-2026

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    GLOBAL COMMERCIAL VEHICLE TELEMATICS MARKET

     

    INTRODUCTION

    There are several different types of telematics devices on the market today. Speed, acceleration, and turning force are just a few of the variables that are recorded by the gadget while driving. Connection to car computers can offer extra information on mechanical usage and vehicle condition. Using mobile networks, all of this information may be sent to a central database for analysis. It is advanced to have properly developed additional services portrayed as a result of the information supplied, such as Usage Based Insurance (UBI).

     

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

     

    Telematic devices are becoming more and more common in modern cars, allowing for more computing capabilities and improved vehicle performance. Road accidents and deaths can be reduced by using data from telematic devices, coupled with other advantages such as reduced emissions and driver distraction and the preservation or enhancement of vehicle value. Through the use of telematics data, inter-car connection is also feasible, allowing for better traffic flow and vehicle routing. Battery life and performance will improve significantly in commercial vehicles that use telematics to improve fuel efficiency.

     

    GLOBAL COMMERCIAL VEHICLE TELEMATICS MARKET DEVELOPMENTS AND INNOVATIONS

    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 Continental receives serial orders for intelligent antennas from European OEMs Global automotive component supplier Continental announced that two major European vehicle manufacturers have once again decided to work with the company to supply innovative telematics and antenna solutions. India This would enhance better Technologies production

     

    GLOBAL COMMERCIAL VEHICLE TELEMATICS MARKET DYNAMICS

    The memory storage, CPU processing, and data transfer capabilities of telematic devices are restricted. As the computing demands of resource-intensive applications rise, these telematic components must be improved. Telematic devices with higher computing capability might result in higher costs for insurers and users. Due to the above-described technological restrictions, fuel reduction strategies and battery health and charge monitoring systems utilised in Commercial Vehicles may not function properly.

     

    Technical and regulatory restrictions will limit the use of telematic data. The European Union has just released a consultation paper to expressly limit third-party access to personal information. Existing regulatory restrictions will be enforced on any future smart systems that are based on telematics. Defined restrictions will apply to the use of geolocation data, for example These rules will also limit the potential benefits of telematic devices in terms of safety and economics, as well.

     

    Increasing safety and security standards, greater disposable income, decreasing connectivity costs, and a growing market penetration rate of smartphones are driving the worldwide commercial vehicle telematics industry. Growing hacking and privacy issues, as well as limited knowledge of telematics, are some of the problems that are impeding the overall market’s growth.” An increasing desire for connected vehicles, higher use of telematics by insurance companies, and the expansion of emerging economies such as India and China are among the reasons that are likely to drive market growth.

     

     

    GLOBAL COMMERCIAL VEHICLE TELEMATICS MARKET SEGMENTATION

     

    The Global Commercial Vehicle 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 Regional Classification

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

     

     

    RECENT MARKET TECHNOLOGICAL TRENDS IN GLOBAL COMMERCIAL VEHICLE TELEMATICS MARKET

    There has been recent technological advancement made within the operational capability of electric vehicles in order to increase its viability and operational efficiency through varied multidisciplinary integration of IC Engine and Electric Motor based EV Technology in order to form a hybrid operational component. The focus has been on implementing better telematics into the vehicles at all times.

     

    The Major revamp of technology has been within the safety integration of the telematics to the complete automotive requirements. Telematics-based safety features include car warning systems, real-time traffic information, and cooperative driving approaches, to name a few examples. Through the monitoring of driver behaviour and environmental variables, ADAS-enabled cars may minimise driver error and increase safety.

     

    Connected safety features that use telematics data can disseminate relevant vehicle metrics to a group of vehicles in the vicinity. In linked collision warning systems, telematics data may be utilised to inform drivers of adjacent vehicle movement intentions and other possible risks. As the transition from manual to autonomous driving progresses, infotainment services will become inclusive to the driving experience. Infotainment services will be provided in a similar fashion to mobile or Internet Service Provider (ISP) packages.

     

    Stolen Vehicle Tracking, Anti-Theft Alarm Notification, and Remote Door Services are some of the security services supplied by telematics service providers. To transmit periodic accurate position update signals to the Telematics Operations Centre, the in-car TCU can be remotely actuated, or the anti-theft sensors in the vehicle can trigger it automatically. It is possible to follow a car using the Telematics Operations Centre once it has been activated, as well as collaborate with law enforcement authorities to retrieve and secure the vehicle and its passengers. Door lock and unlock actions can be performed remotely by the TCU as part of the Remote Door Services.

     

     

    COMPETITIVE LANDSCAPE

    At its core, automotive telematics deals with services provided to vehicles over a telecommunications device. The future of Telematics would be affected by the increased availability of bandwidth and the penetration of the wireless network infrastructure. As a result of telematics technology, a wide range of in-vehicle services may be available, which might change the driving experience. This may help carmakers generate a steady source of income and regulators make progress towards intelligent transportation systems and their related benefits of pollution reduction, shorter transit times, and fewer road deaths.

     

    Trimble has been one of the pioneers in development of the latest technologies within the commercial automotive segment of operations. It offers a full range of GPS software license products ranging from pure software GPS to GPS Navigation Engines running on industry leading GPS Chipsets. The most recently launched Bison BN1919 has been a latest release module working towards constellations integration. It has an integrated GPS/GLONASS microprocessor and GNSS receiver module with a three-axis gyro and three-axis accelerometer to give location even in the toughest of vehicle conditions. As a result of these factors, the Bison module is able to identify the vehicle’s whole dynamics with ease. There is no limit to the number of GPS and GLONASS satellites that can be tracked by the Bison GNSS engine anywhere in the world.

     

    Zonar Solutions has been focused on commercial trucking experience improvement at varied levels of compliance. With the combination of Zonar’s V4™ telematics hardware units and mounted and detachable tablets, Zonar is the one of the first ELD vendors to complete FMCSA end-to-end testing, be independently third-party validated and also FMCSA self-certified. The Zonar EVIR and Remote Sensing has been integrated with the trucking segment to have a better diagnostic toolbox maintained at all times. Zonar also captures extensive truck performance and GPS fleet tracking data, including fuel consumption and idle time, to help you reduce overall fuel use.

     

     

    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 the Industry
    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, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    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, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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