Commercial Telematics Market 2020-2024 | The Increasing Adoption Of Driver Assistance Systems To Boost Growth | Technavio

Technavio has been monitoring the commercial telematics market and it is poised to grow by $ 23.15 bn during 2020-2024, progressing at a CAGR of 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Commercial Telematics Market 2020-2024 (Graphic: Business Wire)

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Bridgestone Corp., Continental AG, General Motors Co., Geotab Inc., Omnitracs LLC, Trimble Inc., Verizon Communications Inc., Visteon Corp., Volkswagen Group, and Volvo Group are some of the major market participants. Although the increasing adoption of driver assistance systems will offer immense growth opportunities, complexity of telematics software and hardware design will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The increasing adoption of driver assistance systems has been instrumental in driving the growth of the market. However, the complexity of telematics software and hardware design might hamper market growth.

Commercial Telematics Market 2020-2024 : Segmentation

Commercial Telematics Market is segmented as below:

• Product
• Solutions
• Services
• Platform
• Embedded Systems
• Tethered Systems
• Smartphone Integration Systems
• Geographic Landscape
• APAC
• Europe
• MEA
• North America
• South America

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Commercial Telematics Market 2020-2024 : Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our commercial telematics market report covers the following areas:

• Commercial Telematics Market size
• Commercial Telematics Market trends
• Commercial Telematics Market industry analysis

This study identifies growth of embedded telematics solutions as one of the prime reasons driving the commercial telematics market growth during the next few years.

Commercial Telematics Market 2020-2024 : Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the commercial telematics market, including some of the vendors such as Bridgestone Corp., Continental AG, General Motors Co., Geotab Inc., Omnitracs LLC, Trimble Inc., Verizon Communications Inc., Visteon Corp., Volkswagen Group, and Volvo Group. Backed with competitive intelligence and benchmarking, our research reports on the commercial telematics market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Commercial Telematics Market 2020-2024 : Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist commercial telematics market growth during the next five years
• Estimation of the commercial telematics market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the commercial telematics market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of commercial telematics market vendors

Table Of Contents :

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product placement
• Solutions - Market size and forecast 2019-2024
• Services - Market size and forecast 2019-2024
• Market opportunity by Product

Market Segmentation by Platform

• Market segments
• Comparison by Platform placement
• Embedded systems - Market size and forecast 2019-2024
• Tethered systems - Market size and forecast 2019-2024
• Smartphone integration systems - Market size and forecast 2019-2024
• Market opportunity by Platform

Customer Landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Drivers, Challenges, and Trends

• Market drivers
• Volume driver - Demand led growth
• Volume driver - Supply led growth
• Volume driver - External factors
• Volume driver - Demand shift in adjacent markets
• Price driver - Inflation
• Price driver - Shift from lower to higher-priced units
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Landscape disruption
• Vendor Analysis

Vendors covered

• Market positioning of vendors
• Bridgestone Corp.
• Continental AG
• General Motors Co.
• Geotab Inc.
• Omnitracs LLC
• Trimble Inc.
• Verizon Communications Inc.
• Visteon Corp.
• Volkswagen Group
• Volvo Group

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200527005749/en/