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

 

The division, which combines ZF’s old Commercial Vehicle Technology and Commercial Vehicle Control Systems, the latter of which was created as a result of ZF’s acquisition of WABCO, was announced by the company.

 

ZF will exhibit its technology trailer, 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.

 

Ford Telematics, a web-based software platform and subscription service created to assist commercial vehicle clients in better managing and maximizing the effectiveness of their fleets, is formally launched by Ford Commercial Solutions.

 

Ford Telematics offers commercial vehicle customers the ability to follow their fleets using GPS and geofencing, receive real-time vehicle health warnings to plan and minimize downtime, establish service reminders, track driver behavior, and potentially control fuel expenditures. 

 

The debut of Mahindra iMAXX was announced by Mahindra Truck and Bus (MTB). Mahindra’s commercial vehicles, including the BLAZO X series of HCVs, the FURIO range of ICVs & LCVs, and the CRUZIO range of buses, will be equipped with this new vehicle telematics platform.

 

FUELSMART technology in conjunction with the new Mahindra iMAXX technology. 

 

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).

 

Rand McNally declared that the new platform for the business supported its Rand Video Telematics (RVT) solution. The Rand Platform is an API-first solution with technology that lowers risks, quickens development, promotes flexibility, and fosters creativity.

 

With a single sign-on, fleets that employ asset monitoring and the RVT package, which includes cameras for the road and the cab, can view drivers, assets, and cars all at once.

 

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.

 

Commercial Vehicle Telematics Market By Application

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

 

Commercial Vehicle Telematics Market By Internal Application Type

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

 

Commercial Vehicle Telematics Market By Embedding Type

  • Embedded
  • Retrofitted

 

Commercial Vehicle Telematics Market 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 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 behavior and environmental variables, ADAS-enabled cars may minimize 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 utilized 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.

 

infographic: 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

GLOBAL COMMERCIAL VEHICLE TELEMATICS MARKET 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.

 

 

GLOBAL COMMERCIAL VEHICLE TELEMATICS MARKET COMPANIES PROFILED

 

THIS GLOBAL COMMERCIAL VEHICLE TELEMATICS MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

  1. Commercial Vehicle Telematics Market size and Forecast, by region, by application
  2. Average B-2-B price for Commercial Vehicle Telematics Market, by region, per user
  3. Technology trends and related opportunity for new Commercial Vehicle Telematics Market tech suppliers
  4. Commercial Vehicle Telematics Market share of leading vendors, by region,
  5.  Coronavirus impact on Commercial Vehicle Telematics Market earnings
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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