出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2024年1月
Commercial Vehicle Telematics Market – Global Forecast To 2028
商用車テレマティクス市場 : 提供内容 [ソフトウェア (フリート管理、テレマティクス生産性)、サービス]、車両タイプ (LCV、MHCV)、推進タイプ (IC エンジン、電気、ハイブリッド)、販売チャネル、エンドユーザー＆地域別 – 2028年までの世界予測
Commercial Vehicle Telematics Market by Offering (Software (Fleet Management, Telematics Productivity), Services), Vehicle Type (LCV, MHCV), Propulsion Type (IC Engine, Electric, Hybrid), Sales Channel, End-user and Region – Global Forecast to 2028
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| 種別 | 英文調査報告書 |
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Report Overview
The commercial vehicle telematics market is projected to grow from USD 5.2 billion in 2023 to USD 10.3 billion by 2028, at a compound annual growth rate (CAGR) of 14.3% during the forecast period. The growth of the commercial vehicle telematics market is primarily driven by the urgent need for streamlined fleet management, rising demand to decrease vehicle fuel consumption and downtime, stricter regulations prioritizing passenger and vehicle safety.
“By offering, telematics compliance software segment is expected to register the fastest market growth rate during the forecast period”
Telematics compliance software in the commercial vehicle telematics sector is expected to experience the fastest growth rate during the forecast period due to increasing regulatory requirements. Governments worldwide are implementing stringent standards related to driver safety, emissions, and operational protocols. Telematics compliance software offers fleet operators a comprehensive solution to efficiently manage and adhere to these regulations, ensuring both legal compliance and operational optimization. As the regulatory landscape evolves, the demand for telematics compliance solutions is anticipated to surge, driving rapid growth in this segment.
“By sales channel, aftermarket segment is expected to account for the largest market share during the forecast period”
The aftermarket segment of the commercial vehicle telematics market is poised to capture the largest market share during the forecast period primarily due to the increasing trend of retrofitting existing fleets with telematics solutions. Fleet operators are recognizing the benefits of post-purchase installations, such as cost-effectiveness and flexibility, enabling them to upgrade vehicles with the latest telematics technologies without the need for significant upfront investments. This trend is expected to drive substantial growth in the aftermarket segment as businesses seek to enhance operational efficiency and stay competitive in the evolving landscape.
“By Region, Asia Pacific is slated to grow at the fastest rate and North America to have the largest market share during the forecast period”
The Asia Pacific region is anticipated to experience accelerated growth in the commercial vehicle telematics market due to factors such as rising urbanization, increased e-commerce activities, and stringent regulatory measures promoting road safety and environmental sustainability. Meanwhile, North America is projected to hold the largest market share, driven by the region’s advanced infrastructure, widespread adoption of telematics solutions, and a matured transportation industry. The combination of these factors positions North America as a dominant market player, while Asia Pacific showcases significant potential for rapid expansion.
Breakdown of primaries
In-depth interviews were conducted with Chief Executive Officers (CEOs), vice presidents, innovation and technology directors, system integrators, and executives from various key organizations operating in the commercial vehicle telematics market.
§ By Company: Tier I–45%, Tier II–35%, and Tier III–20%
§ By Designation: C-Level Executives–40%, D-Level Executives–35%, and others–25%
§ By Region: North America– 30%, Europe – 20%, Asia Pacific– 35% and Middle East Africa- 10%, Latin america-5%
The report includes the study of key players offering commercial vehicle telematics software and services. The major players in the commercial vehicle telematics market include Verizon Connect (US), Geotab (Canada), Trimble (US), PTC (US), TomTom (Netherlands), Omnitracs (US), Masternaut Limited (United Kingdom), Microlise (United Kingdom), Inseego Corporation (US), Samsara (US), Octo Telematics (Italy), MiX Telematics (South Africa), Zonar Systems (US), Teletrac Navman (US), Spireon (US), Lytx (US), Volkswagen Commercial Vehicles (Germany), Motive (US), Nauto (US), GreenRoad Technologies (US), Otonomo Technologies (Israel), Fleetx.io (India), Onfleet (US), Vontier (US), Tangerine (US), Mojio (Canada), Gurtam (Lithunia), Fleetable (India), Avrios (Switzerland), and Platform Science (US).
Research coverage
This research report categorizes the commercial vehicle telematics market by Offering (Software and Services), by Propulsion Type (IC engine vehicle, electric vehicle, and hybrid vehicle), by sales channel (OEM and aftermarket), by Vehicle Type (light commercial vehicles (LCVs), and medium & heavy commercial vehicles (MHCVs), by End-User (fleet operators, auto auto financing & insurance providers, logistics & cargo operators, public transportation authorities, emergency services & first responders, autonomous vehicle OEMs & technology providers, agri & farm operators, mine developers & operators, and others (construction & infrastructure companies)), and by region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the commercial vehicle telematics market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; contracts, partnerships, agreements, new product & service launches, mergers and acquisitions, and recent developments associated with the commercial vehicle telematics market. Competitive analysis of upcoming startups in the commercial vehicle telematics market ecosystem is covered in this report.
Key Benefits of Buying the Report
The report would provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall commercial vehicle telematics market and its subsegments. It would help stakeholders understand the competitive landscape and gain more insights better to position their business and plan suitable go-to-market strategies. It also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (increasing need for efficient fleet management, rising demand for reduced fuel consumption and vehicle downtime, increasing regulatory mandates to improve safety and security of the vehicle and passengers, growing awareness for predictive maintenance), restraints (dependence on fluctuating vehicle demand, integration complexity of telematic solutions, the high initial cost of implementing telematics systems), opportunities (the potential of V2X communication and autonomous driving integration, integration of advanced analytics & AI powered insights with telematics software, expansion of the transportation and logistics industry, ELD mandate offers new revenue stream opportunity ofr the existing vendors), and challenges (legacy telematics hardware capabilities hinder the efficiency of data communication with advanced computing processing units, complete network coverage and elimination of blind spots, lack of standardized system).
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the commercial vehicle telematics market
• Market Development: Comprehensive information about lucrative markets – the report analyses the commercial vehicle telematics market across varied regions
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the commercial vehicle telematics market
• Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Verizon Connect (US), Geotab (Canada), Trimble (US), PTC (US), TomTom (Netherlands), Omnitracs (US), Masternaut Limited (United Kingdom), Microlise (United Kingdom), Inseego Corporation (US), and Samsara (US), among others in the commercial vehicle telematics market. The report also helps stakeholders understand the pulse of the commercial vehicle telematics market and provides them information on key market drivers, restraints, challenges, and opportunities.
Table of Contents
1 INTRODUCTION 48
1.1 STUDY OBJECTIVES 48
1.2 MARKET DEFINITION 48
1.2.1 INCLUSIONS & EXCLUSIONS 49
1.3 MARKET SCOPE 50
1.3.1 MARKET SEGMENTATION 50
1.3.2 REGIONS COVERED 51
1.3.3 YEARS CONSIDERED 51
1.4 CURRENCY CONSIDERED 52
TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE, 2018–2022 52
1.5 STAKEHOLDERS 52
1.6 SUMMARY OF CHANGES 53
1.6.1 IMPACT OF RECESSION 54
2 RESEARCH METHODOLOGY 55
2.1 RESEARCH DATA 55
FIGURE 1 COMMERCIAL VEHICLE TELEMATICS MARKET: RESEARCH DESIGN 55
2.1.1 SECONDARY DATA 56
2.1.2 PRIMARY DATA 56
TABLE 2 PRIMARY INTERVIEWS 57
2.1.2.1 Breakup of primary profiles 57
2.1.2.2 Key industry insights 58
2.2 MARKET BREAKUP AND DATA TRIANGULATION 59
FIGURE 2 DATA TRIANGULATION 59
2.3 MARKET SIZE ESTIMATION 60
FIGURE 3 COMMERCIAL VEHICLE TELEMATICS MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES 60
2.3.1 TOP-DOWN APPROACH 60
2.3.2 BOTTOM-UP APPROACH 61
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 1, BOTTOM-UP (SUPPLY SIDE): REVENUE FROM SOLUTIONS/SERVICES OF COMMERCIAL VEHICLE TELEMATICS MARKET 61
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 2, BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE FROM ALL SOLUTIONS/SERVICES OF COMMERCIAL VEHICLE TELEMATICS MARKET 62
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 3, BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE FROM ALL SOLUTIONS/SERVICES OF COMMERCIAL VEHICLE TELEMATICS MARKET 63
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 4, BOTTOM-UP (DEMAND SIDE): SHARE OF COMMERCIAL VEHICLE TELEMATICS THROUGH OVERALL COMMERCIAL VEHICLE TECHNOLOGY SPENDING 64
2.4 MARKET FORECAST 65
TABLE 3 FACTOR ANALYSIS 65
2.5 RESEARCH ASSUMPTIONS 66
2.6 STUDY LIMITATIONS 67
2.7 IMPLICATIONS OF RECESSION ON COMMERCIAL VEHICLE TELEMATICS MARKET 68
TABLE 4 IMPACT OF RECESSION ON GLOBAL COMMERCIAL VEHICLE TELEMATICS MARKET 69
3 EXECUTIVE SUMMARY 70
TABLE 5 GLOBAL COMMERCIAL VEHICLE TELEMATICS MARKET SIZE AND GROWTH RATE, 2018–2022 (USD MILLION, Y-O-Y%) 72
TABLE 6 GLOBAL COMMERCIAL VEHICLE TELEMATICS MARKET SIZE AND GROWTH RATE, 2023–2028 (USD MILLION, Y-O-Y%) 72
FIGURE 8 SOFTWARE SEGMENT TO DOMINATE MARKET IN 2023 73
FIGURE 9 FLEET MANAGEMENT SOFTWARE TO ACCOUNT FOR LARGEST SHARE OF MARKET IN 2023 73
FIGURE 10 PROFESSIONAL SERVICES TO LEAD MARKET IN 2023 73
FIGURE 11 TRAINING & CONSULTING SERVICES TO ACCOUNT FOR LARGEST SHARE OF PROFESSIONAL SERVICES SEGMENT 74
FIGURE 12 ELECTRIC VEHICLE PROPULSION TYPE SEGMENT TO GROW AT HIGHEST RATE BETWEEN 2023 TO 2028 74
FIGURE 13 MEDIUM & HEAVY COMMERCIAL VEHICLES SEGMENT TO HOLD LARGEST MARKET SHARE IN 2023 75
FIGURE 14 OEM SALES CHANNEL SLATED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 75
FIGURE 15 AUTONOMOUS VEHICLE OEMS & TECHNOLOGY PROVIDERS TO WITNESS HIGHEST GROWTH RATE DURING FORECAST PERIOD 76
FIGURE 16 ASIA PACIFIC TO REGISTER HIGHEST GROWTH RATE DURING FORECAST PERIOD 76
4 PREMIUM INSIGHTS 77
4.1 OPPORTUNITIES IN COMMERCIAL VEHICLE TELEMATICS MARKET 77
FIGURE 17 AMPLIFIED DEMAND FOR FLEET OPTIMIZATION AND REAL-TIME ASSET MONITORING TO DRIVE MARKET GROWTH 77
4.2 COMMERCIAL VEHICLE TELEMATICS MARKET: TOP THREE PROPULSION TYPES 78
FIGURE 18 ELECTRIC VEHICLE PROPULSION SEGMENT TO ACCOUNT FOR HIGHEST GROWTH RATE DURING FORECAST PERIOD 78
4.3 NORTH AMERICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING AND END USER 78
FIGURE 19 SOFTWARE AND FLEET OPERATORS TO BE LARGEST SHAREHOLDERS IN MARKET IN NORTH AMERICA IN 2023 78
4.4 COMMERCIAL VEHICLE TELEMATICS MARKET: BY REGION 79
FIGURE 20 NORTH AMERICA TO HOLD LARGEST MARKET SHARE IN 2023 79
5 MARKET OVERVIEW AND INDUSTRY TRENDS 80
5.1 INTRODUCTION 80
5.2 MARKET DYNAMICS 80
FIGURE 21 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: COMMERCIAL VEHICLE TELEMATICS MARKET 81
5.2.1 DRIVERS 81
5.2.1.1 Increasing need for efficient fleet management 81
FIGURE 22 GROWING POPULARITY OF TELEMATICS TOOLS IN FLEET MANAGEMENT GLOBALLY 82
5.2.1.2 Rising demand for reduced fuel consumption and vehicle downtime 82
FIGURE 23 FUEL COST TO CONTINUE TO BE BIGGEST FLEET OPERATIONS EXPENSE GLOBALLY IN 2023 83
5.2.1.3 Increasing regulatory mandates to improve safety & security of vehicles and passengers 83
FIGURE 24 NUMBER OF LARGE TRUCK INJURY CRASHES IN US, 2001–2020 (THOUSANDS) 84
5.2.1.4 Growing awareness of predictive maintenance 84
5.2.2 RESTRAINTS 84
5.2.2.1 Dependence on fluctuating vehicle demand 84
5.2.2.2 Integration complexity of telematic solutions 85
5.2.2.3 High initial cost of implementing telematics systems 85
FIGURE 25 TELEMATICS SOFTWARE COSTS CAN BE 7X HIGHER COMPARED TO HARDWARE UNITS 86
5.2.3 OPPORTUNITIES 86
5.2.3.1 Potential of V2X communication and autonomous driving integration 86
5.2.3.2 Integration of advanced analytics & AI-powered insights with telematics software 87
5.2.3.3 Expansion of transportation and logistics industry 87
5.2.3.4 New revenue stream offered by ELD mandate for existing vendors 88
5.2.4 CHALLENGES 88
5.2.4.1 Reduced efficiency of data communication with advanced computing processing units due to legacy telematics hardware 88
5.2.4.2 Complete network coverage and elimination of blind spots 89
5.2.4.3 Lack of standardized systems 89
5.3 EVOLUTION OF COMMERCIAL VEHICLE TELEMATICS 90
FIGURE 26 COMMERCIAL VEHICLE TELEMATICS MARKET EVOLUTION 90
5.4 TYPES OF TELEMATICS SYSTEMS 91
5.4.1 OBD II TELEMATICS SYSTEMS 91
5.4.2 BLUETOOTH-POWERED TELEMATICS SYSTEMS 92
5.4.3 SMARTPHONE-BASED TELEMATICS SYSTEMS 92
5.4.4 BLACKBOX TELEMATICS SYSTEMS 92
5.4.5 OEM HARD-WIRED TELEMATICS SYSTEMS 93
5.4.6 12V PLUG-IN SELF INSTALLATION TELEMATICS SYSTEMS 93
5.5 VALUE CHAIN ANALYSIS 94
FIGURE 27 COMMERCIAL VEHICLE TELEMATICS MARKET: VALUE CHAIN ANALYSIS 94
TABLE 7 COMMERCIAL VEHICLE TELEMATICS MARKET: VALUE CHAIN ANALYSIS 95
5.6 ECOSYSTEM/MARKET MAP 97
TABLE 8 ROLE OF PLAYERS IN COMMERCIAL VEHICLE TELEMATICS MARKET 97
FIGURE 28 KEY PLAYERS IN COMMERCIAL VEHICLE TELEMATICS MARKET ECOSYSTEM 99
5.6.1 TELEMATICS SOFTWARE PROVIDERS 99
5.6.2 TELEMATICS SERVICE PROVIDERS 100
5.6.3 ORIGINAL EQUIPMENT MANUFACTURERS (OEMS) 100
5.6.4 SYSTEM INTEGRATORS 100
5.6.5 END USERS 100
5.6.6 GOVERNMENT & REGULATORY BODIES 101
5.7 INVESTMENT LANDSCAPE 101
FIGURE 29 LEADING GLOBAL AUTO TECH STARTUPS, BY NUMBER OF INVESTORS AND FUNDING ROUNDS, 2023 101
FIGURE 30 VALUE OF AUTO TECH M&A DEALS WORLDWIDE BETWEEN 2016 AND 2019 (USD BILLION) 102
FIGURE 31 GLOBAL VENTURE FUNDING OF URBAN MOBILITY COMPANIES FROM 2014 TO 2018 (USD BILLION) 103
FIGURE 32 ANNUAL AUTOMOTIVE STARTUP FUNDING WORLDWIDE FROM 2010 TO 2018 (USD BILLION) 104
FIGURE 33 PRIVATE EQUITY INVESTMENTS IN INDIAN AUTOMOTIVE SECTOR, BY CATEGORY (2021–2023) 105
5.8 CASE STUDY ANALYSIS 106
5.8.1 CASE STUDY 1: KRP RENTALS AND TRUCKING IMPROVES PRODUCTIVITY AND SAFETY WITH VERIZON CONNECT 106
5.8.2 CASE STUDY 2: SHAZIMAN TRANSPORT IMPROVES PERFORMANCE, SAVES MONEY, AND REDUCES ENVIRONMENTAL FOOTPRINT WITH DATA 107
5.8.3 CASE STUDY 3: MIDDLESBORO COCA-COLA’S MOVE TO TMT SAAS FOR FLEET MAINTENANCE GENERATES MEASURABLE SAVINGS 107
5.8.4 CASE STUDY 4: VESTERGAARD COMPANY LEVERAGES IOT TO OPTIMIZE EFFICIENCY OF ITS MISSION-CRITICAL AIRCRAFT EQUIPMENT 108
5.8.5 CASE STUDY 5: MERCHANTS FOODSERVICE APPLYING ADVANCED TECHNOLOGIES TO ENSURE DRIVERS AND PRODUCTS ARRIVE SAFELY, ON TIME, AND INTACT 109
5.8.6 CASE STUDY 6: JAGA BROTHERS OPTIMIZED MANAGEMENT OF TRUCKS & TRAILERS, GENERATING FUEL SAVINGS AND REDUCING DOWNTIME ACROSS ENTIRE FLEET 109
5.9 TECHNOLOGY ANALYSIS 110
5.9.1 KEY TECHNOLOGY 110
5.9.1.1 Global Positioning System (GPS) 110
5.9.1.2 Telematics Control Unit (TCU) 110
5.9.1.3 IoT Connectivity 111
5.9.1.4 Advanced Driver Assistance Systems (ADAS) 111
5.9.2 COMPLEMENTARY TECHNOLOGIES 111
5.9.2.1 Edge computing 111
5.9.2.2 Cloud computing 112
5.9.2.3 Machine learning and artificial intelligence 112
5.9.2.4 Mobile app integration 112
5.9.3 ADJACENT TECHNOLOGIES 113
5.9.3.1 Blockchain 113
5.9.3.2 5G connectivity 113
5.9.3.3 Augmented reality (AR) 113
5.9.3.4 Cybersecurity 114
5.10 TARIFF AND REGULATORY LANDSCAPE 114
5.10.1 TARIFF RELATED TO COMMERCIAL VEHICLE TELEMATICS SOFTWARE 114
TABLE 9 TARIFF RELATED TO COMMERCIAL VEHICLE TELEMATICS SOFTWARE, 2022 114
5.10.2 REGULATORY LANDSCAPE 115
5.10.2.1 Regulatory bodies, government agencies, and other organizations 116
TABLE 10 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 116
TABLE 11 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 116
TABLE 12 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 117
TABLE 13 MIDDLE EAST & AFRICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 117
TABLE 14 LATIN AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 118
5.10.3 REGULATIONS: COMMERCIAL VEHICLE TELEMATICS MARKET 118
5.10.3.1 North America 118
5.10.3.1.1 Electronic Logging Device (ELD) Mandate 118
5.10.3.1.2 California Consumer Privacy Act (CCPA) 119
5.10.3.1.3 Transportation of Dangerous Goods (TDG) Regulations 119
5.10.3.2 Europe 119
5.10.3.2.1 General Data Protection Regulation 119
5.10.3.2.2 eCall Regulation 120
5.10.3.2.3 EU Regulation 2019/2144 on CO2 Emission Performance Standards for New Heavy-duty Vehicles 120
5.10.3.3 Asia Pacific 120
5.10.3.3.1 India: AIS-140 (Automotive Industry Standard 140) 120
5.10.3.3.2 China: GB/T 32960 120
5.10.3.3.3 Australia: Telematics Data Privacy Guidelines 120
5.10.3.4 Middle East & Africa 121
5.10.3.4.1 South Africa: Road Traffic Management System (RTMS) Act 2008 121
5.10.3.4.2 Nigeria: National Road Traffic Regulations 121
5.10.3.4.3 United Arab Emirates (UAE): Federal Law on Road Transport and Traffic 121
5.10.3.5 Latin America 121
5.10.3.5.1 Brazil: CONTRAN Resolution 245/2007 121
5.10.3.5.2 Mexico: General Law of National Public Security 121
5.10.3.5.3 Argentina: Resolution 39/2017 – ANSV 121
5.11 PATENT ANALYSIS 122
5.11.1 METHODOLOGY 122
5.11.2 PATENTS FILED, BY DOCUMENT TYPE 122
TABLE 15 PATENTS FILED, 2013–2023 122
5.11.3 INNOVATION AND PATENT APPLICATIONS 122
FIGURE 34 NUMBER OF PATENTS GRANTED IN LAST 10 YEARS, 2013–2023 122
5.11.3.1 Top 10 applicants in commercial vehicle telematics market 123
FIGURE 35 TOP 10 APPLICANTS IN COMMERCIAL VEHICLE TELEMATICS MARKET, 2013–2023 123
TABLE 16 TOP 20 PATENT OWNERS IN COMMERCIAL VEHICLE TELEMATICS MARKET, 2013–2023 123
TABLE 17 LIST OF FEW PATENTS IN COMMERCIAL VEHICLE TELEMATICS MARKET, 2022–2023 124
FIGURE 36 REGIONAL ANALYSIS OF PATENTS GRANTED, 2013–2023 128
5.12 PRICING ANALYSIS 128
5.12.1 AVERAGE SELLING PRICE TRENDS OF KEY PLAYERS, BY SOFTWARE TYPE 129
FIGURE 37 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TOP 3 SOFTWARE TYPES 129
TABLE 18 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TOP 3 SOFTWARE TYPES 130
5.12.2 INDICATIVE PRICING ANALYSIS, BY COMMERCIAL VEHICLE TELEMATICS VENDOR 130
TABLE 19 INDICATIVE PRICING LEVELS OF COMMERCIAL VEHICLE TELEMATICS SOFTWARE TYPES 130
5.13 TRADE ANALYSIS 131
5.13.1 EXPORT SCENARIO OF COMPUTER SOFTWARE 131
FIGURE 38 COMPUTER SOFTWARE EXPORT, BY KEY COUNTRY, 2015–2022 (USD BILLION) 132
5.13.2 IMPORT SCENARIO OF COMPUTER SOFTWARE 133
FIGURE 39 COMPUTER SOFTWARE IMPORT, BY KEY COUNTRY, 2015–2022 (USD BILLION) 134
5.14 KEY CONFERENCES & EVENTS IN 2023–2024 135
TABLE 20 COMMERCIAL VEHICLE TELEMATICS MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2023–2024 135
5.15 PORTER’S FIVE FORCES ANALYSIS 136
FIGURE 40 PORTER’S FIVE FORCES’ ANALYSIS: COMMERCIAL VEHICLE TELEMATICS MARKET 136
5.15.1 THREAT OF NEW ENTRANTS 137
5.15.2 THREAT OF SUBSTITUTES 137
5.15.3 BARGAINING POWER OF SUPPLIERS 137
5.15.4 BARGAINING POWER OF BUYERS 137
5.15.5 INTENSITY OF COMPETITION RIVALRY 137
5.16 COMMERCIAL VEHICLE TELEMATICS TECHNOLOGY ROADMAP 138
FIGURE 41 COMMERCIAL VEHICLE TELEMATICS TECHNOLOGY ROADMAP 138
5.17 COMMERCIAL VEHICLE TELEMATICS BUSINESS MODELS 139
FIGURE 42 COMMERCIAL VEHICLE TELEMATICS BUSINESS MODELS 139
5.17.1 SOFTWARE VENDOR MODEL 140
5.17.2 CONSULTING SERVICES MODEL 140
5.17.3 OEM COLLABORATION MODEL 140
5.17.4 DATA MONETIZATION MODEL 140
5.17.5 FLEET MANAGEMENT-AS-A-SERVICE MODEL 140
5.18 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 141
FIGURE 43 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 141
5.19 KEY STAKEHOLDERS & BUYING CRITERIA 142
5.19.1 KEY STAKEHOLDERS IN BUYING PROCESS 142
FIGURE 44 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS 142
TABLE 21 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS 142
5.19.2 BUYING CRITERIA 143
FIGURE 45 KEY BUYING CRITERIA FOR TOP THREE END USERS 143
TABLE 22 KEY BUYING CRITERIA FOR TOP THREE END USERS 143
6 COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING 144
6.1 INTRODUCTION 145
6.1.1 OFFERING: COMMERCIAL VEHICLE TELEMATICS MARKET DRIVERS 145
FIGURE 46 SOFTWARE SEGMENT TO ACCOUNT FOR HIGHER MARKET SHARE DURING FORECAST PERIOD 146
TABLE 23 COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2018–2022 (USD MILLION) 146
TABLE 24 COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 146
6.2 SOFTWARE 147
FIGURE 47 FLEET MANAGEMENT SOFTWARE TO DOMINATE MARKET DURING FORECAST PERIOD 147
TABLE 25 COMMERCIAL VEHICLE TELEMATICS SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION) 148
TABLE 26 COMMERCIAL VEHICLE TELEMATICS SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION) 148
6.2.1 FLEET MANAGEMENT SOFTWARE 148
6.2.1.1 Need for comprehensive vehicle tracking, maintenance scheduling, and route optimization to boost demand 148
TABLE 27 FLEET MANAGEMENT SOFTWARE: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2018–2022 (USD MILLION) 149
TABLE 28 FLEET MANAGEMENT SOFTWARE: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2023–2028 (USD MILLION) 149
6.2.1.2 Predictive maintenance 150
6.2.1.3 Fuel management 150
6.2.1.4 Route optimization 151
6.2.1.5 Idling trend analytics 151
6.2.1.6 Engine diagnostics 152
6.2.1.7 Fleet benchmarking 152
6.2.1.8 Digital keys 153
6.2.2 SAFETY MANAGEMENT SOFTWARE 153
6.2.2.1 Increasing focus on reducing accidents and improving driver behavior to boost market growth 153
TABLE 29 SAFETY MANAGEMENT SOFTWARE: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2018–2022 (USD MILLION) 154
TABLE 30 SAFETY MANAGEMENT SOFTWARE: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2023–2028 (USD MILLION) 154
6.2.2.2 Seat belt usage analytics 155
6.2.2.3 Driver scorecards 155
6.2.2.4 Collision notification & reconstruction 156
6.2.2.5 Over speeding & aggressive driving analytics 156
6.2.2.6 Video telematics 157
6.2.2.7 Reverse driving analytics 157
6.2.2.8 In-vehicle driver feedback analytics 158
6.2.2.9 Risk management 158
6.2.2.10 Weather hazard alerts 159
6.2.3 TELEMATICS PRODUCTIVITY SOFTWARE 159
6.2.3.1 Demand for tools that streamline workflows and provide insights into operational productivity to support market growth 159
TABLE 31 TELEMATICS PRODUCTIVITY SOFTWARE: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2018–2022 (USD MILLION) 160
TABLE 32 TELEMATICS PRODUCTIVITY SOFTWARE: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2023–2028 (USD MILLION) 160
6.2.3.2 Asset tracking 160
6.2.3.3 True Trip miles analytics 161
6.2.3.4 Vehicle tracking 162
6.2.3.5 Routing & dispatching 162
6.2.3.6 Geofencing 163
6.2.4 TELEMATICS COMPLIANCE SOFTWARE 164
6.2.4.1 Need to ensure adherence to safety standards to propel demand for telematics compliance software 164
TABLE 33 TELEMATICS COMPLIANCE SOFTWARE: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2018–2022 (USD MILLION) 164
TABLE 34 TELEMATICS COMPLIANCE SOFTWARE: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2023–2028 (USD MILLION) 165
6.2.4.2 Vehicle temperature monitoring 165
6.2.4.3 Fuel tax reporting 166
6.2.4.4 Electronic driver logs (ELDs) 166
6.2.4.5 Driver vehicle inspection report (DVIR) 167
6.2.5 V2X SOFTWARE 168
6.2.5.1 Growing integration of vehicle-to-everything communication and smart transportation to boost market 168
TABLE 35 V2X SOFTWARE: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2018–2022 (USD MILLION) 169
TABLE 36 V2X SOFTWARE: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2023–2028 (USD MILLION) 169
6.2.5.2 V2C communication 169
6.2.5.3 V2I communication 170
6.2.5.4 V2X security 171
6.2.5.5 Traffic signal optimization 171
6.2.6 OTHER SOFTWARE 172
TABLE 37 OTHER SOFTWARE: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2018–2022 (USD MILLION) 173
TABLE 38 OTHER SOFTWARE: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2023–2028 (USD MILLION) 173
6.3 SERVICES 173
FIGURE 48 MANAGED SERVICES TO REGISTER HIGHER GROWTH RATE IN COMMERCIAL VEHICLE TELEMATICS MARKET BETWEEN 2023 TO 2028 174
TABLE 39 COMMERCIAL VEHICLE TELEMATICS SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION) 174
TABLE 40 COMMERCIAL VEHICLE TELEMATICS SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION) 174
6.3.1 PROFESSIONAL SERVICES 175
6.3.1.1 Growing demand for specialized expertise in telematics system implementation to support growth 175
TABLE 41 PROFESSIONAL SERVICES: COMMERCIAL VEHICLE TELEMATICS MARKET, BY TYPE, 2018–2022 (USD MILLION) 175
TABLE 42 PROFESSIONAL SERVICES: COMMERCIAL VEHICLE TELEMATICS MARKET, BY TYPE, 2023–2028 (USD MILLION) 175
6.3.1.2 Training & consulting services 176
TABLE 43 TRAINING & CONSULTING SERVICES: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2018–2022 (USD MILLION) 176
TABLE 44 TRAINING & CONSULTING SERVICES: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2023–2028 (USD MILLION) 176
6.3.1.3 System integration & deployment services 177
TABLE 45 SYSTEM INTEGRATION & DEPLOYMENT SERVICES: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2018–2022 (USD MILLION) 177
TABLE 46 SYSTEM INTEGRATION & DEPLOYMENT SERVICES: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2023–2028 (USD MILLION) 177
6.3.1.4 Support & maintenance services 178
TABLE 47 SUPPORT & MAINTENANCE SERVICES: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2018–2022 (USD MILLION) 178
TABLE 48 SUPPORT & MAINTENANCE SERVICES: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2023–2028 (USD MILLION) 179
6.3.2 MANAGED SERVICES 179
6.3.2.1 Growing preference among businesses to outsource ongoing operations to drive demand for managed services 179
TABLE 49 MANAGED SERVICES: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2018–2022 (USD MILLION) 180
TABLE 50 MANAGED SERVICES: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2023–2028 (USD MILLION) 180
7 COMMERCIAL VEHICLE TELEMATICS MARKET, BY VEHICLE TYPE 181
7.1 INTRODUCTION 182
7.1.1 VEHICLE TYPE: COMMERCIAL VEHICLE TELEMATICS MARKET DRIVERS 182
FIGURE 49 MEDIUM & HEAVY COMMERCIAL VEHICLES TO DOMINATE MARKET DURING FORECAST PERIOD 183
TABLE 51 COMMERCIAL VEHICLE TELEMATICS MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION) 183
TABLE 52 COMMERCIAL VEHICLE TELEMATICS MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION) 184
7.2 LIGHT COMMERCIAL VEHICLES (LCVS) 184
7.2.1 INCREASING DEMAND FOR TELEMATICS SOLUTIONS TO ENHANCE OPERATIONAL EFFICIENCY AND SAFETY IN LCVS 184
TABLE 53 LIGHT COMMERCIAL VEHICLES: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2018–2022 (USD MILLION) 185
TABLE 54 LIGHT COMMERCIAL VEHICLES: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2023–2028 (USD MILLION) 185
7.2.2 VANS & DELIVERY VEHICLES 185
7.2.3 TAXIS & RIDE-SHARING VEHICLES 186
7.2.4 UTILITY SERVICE VEHICLES 187
7.2.5 REFRIGERATED TRUCKS 187
7.2.6 SPECIALTY VEHICLES 188
7.2.7 AMBULANCES 189
7.2.8 TOW TRUCKS & RECOVERY VEHICLES 189
7.2.9 OTHER LCVS 190
7.3 MEDIUM & HEAVY COMMERCIAL VEHICLES (LCVS) 191
7.3.1 REAL-TIME MONITORING & FUEL MANAGEMENT VIA TELEMATICS TO HELP OPTIMIZE LOGISTICS IN MHCVS 191
TABLE 55 MEDIUM & HEAVY COMMERCIAL VEHICLES: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2018–2022 (USD MILLION) 191
TABLE 56 MEDIUM & HEAVY COMMERCIAL VEHICLES: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2023–2028 (USD MILLION) 192
7.3.2 BUSES & COACHES 192
7.3.3 MEDIUM-DUTY HAULERS 193
7.3.4 LONG-HAUL TRUCKS & LORRIES 193
7.3.5 FIRE TRUCKS 194
7.3.6 CONSTRUCTION & HEAVY EQUIPMENT VEHICLES 195
7.3.7 OTHER MHCVS 195
8 COMMERCIAL VEHICLE TELEMATICS MARKET, BY PROPULSION TYPE 197
8.1 INTRODUCTION 198
8.1.1 PROPULSION TYPE: COMMERCIAL VEHICLE TELEMATICS MARKET DRIVERS 198
FIGURE 50 INTERNAL COMBUSTION ENGINE VEHICLES TO DOMINATE MARKET DURING FORECAST PERIOD 199
TABLE 57 COMMERCIAL VEHICLE TELEMATICS MARKET, BY PROPULSION TYPE, 2018–2022 (USD MILLION) 199
TABLE 58 COMMERCIAL VEHICLE TELEMATICS MARKET, BY PROPULSION TYPE, 2023–2028 (USD MILLION) 200
8.2 IC ENGINE VEHICLES 200
8.2.1 GROWING USE OF REAL-TIME DATA ANALYTICS TO ENHANCE ROUTE PLANNING AND MONITOR FUEL EFFICIENCY TO BOOST MARKET 200
TABLE 59 IC ENGINE VEHICLES: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2018–2022 (USD MILLION) 201
TABLE 60 IC ENGINE VEHICLES: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2023–2028 (USD MILLION) 201
8.3 ELECTRIC VEHICLES 201
8.3.1 INCREASING PROMOTION OF ELECTRIC MOBILITY THROUGH GOVERNMENT INCENTIVES TO DRIVE GROWTH 201
TABLE 61 ELECTRIC VEHICLES: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2018–2022 (USD MILLION) 202
TABLE 62 ELECTRIC VEHICLES: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2023–2028 (USD MILLION) 202
8.4 HYBRID VEHICLES 203
8.4.1 ABILITY OF TELEMATICS TO OPTIMIZE COORDINATION BETWEEN COMBUSTION ENGINE AND ELECTRIC COMPONENTS TO SUPPORT GROWTH 203
TABLE 63 HYBRID VEHICLES: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2018–2022 (USD MILLION) 203
TABLE 64 HYBRID VEHICLES: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2023–2028 (USD MILLION) 204
9 COMMERCIAL VEHICLE TELEMATICS MARKET, BY SALES CHANNEL 205
9.1 INTRODUCTION 206
9.1.1 SALES CHANNEL: COMMERCIAL VEHICLE TELEMATICS MARKET DRIVERS 206
FIGURE 51 AFTERMARKET SALES CHANNEL TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 207
TABLE 65 COMMERCIAL VEHICLE TELEMATICS MARKET, BY SALES CHANNEL, 2018–2022 (USD MILLION) 207
TABLE 66 COMMERCIAL VEHICLE TELEMATICS MARKET, BY SALES CHANNEL, 2023–2028 (USD MILLION) 208
9.2 OEMS 208
9.2.1 OEM TELEMATICS SYSTEMS ARE TIGHTLY INTEGRATED WITH ONBOARD SYSTEMS FOR ENHANCED FUNCTIONALITY AND RELIABILITY 208
TABLE 67 OEMS: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2018–2022 (USD MILLION) 209
TABLE 68 OEMS: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2023–2028 (USD MILLION) 209
9.3 AFTERMARKET 209
9.3.1 INCREASING DEMAND FOR FLEXIBLE AND SCALABLE SOLUTIONS TO BOOST AFTERMARKET SALES CHANNEL 209
TABLE 69 AFTERMARKET: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2018–2022 (USD MILLION) 210
TABLE 70 AFTERMARKET: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2023–2028 (USD MILLION) 210
10 COMMERCIAL VEHICLE TELEMATICS MARKET, BY END USER 211
10.1 INTRODUCTION 212
10.1.1 END USERS: COMMERCIAL VEHICLE TELEMATICS MARKET DRIVERS 212
FIGURE 52 AUTONOMOUS VEHICLE OEMS & TECHNOLOGY PROVIDERS TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 213
TABLE 71 COMMERCIAL VEHICLE TELEMATICS MARKET, BY END USER, 2018–2022 (USD MILLION) 214
TABLE 72 COMMERCIAL VEHICLE TELEMATICS MARKET, BY END USER, 2023–2028 (USD MILLION) 214
10.2 FLEET OPERATORS 215
10.2.1 ABILITY OF TELEMATICS TO MAXIMIZE PRODUCTIVITY AND STREAMLINE LOGISTICS FOR FLEET OPERATORS TO BOOST MARKET 215
TABLE 73 FLEET OPERATORS: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2018–2022 (USD MILLION) 215
TABLE 74 FLEET OPERATORS: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2023–2028 (USD MILLION) 216
10.3 AUTO FINANCING & INSURANCE PROVIDERS 216
10.3.1 ABILITY OF TELEMATICS TO ENABLE COMPREHENSIVE RISK EVALUATION AND TAILOR PREMIUM CUSTOMIZATION TO SUPPORT MARKET 216
TABLE 75 AUTO FINANCING & INSURANCE PROVIDERS: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2018–2022 (USD MILLION) 217
TABLE 76 AUTO FINANCING & INSURANCE PROVIDERS: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2023–2028 (USD MILLION) 217
10.4 LOGISTICS & CARGO OPERATORS 217
10.4.1 GROWING NEED FOR TELEMATICS INTEGRATION TO OPTIMIZE ROUTE PLANNING AND ENHANCE CARGO TRACKING TO FAVOR MARKET GROWTH 217
TABLE 77 LOGISTICS & CARGO OPERATORS: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2018–2022 (USD MILLION) 218
TABLE 78 LOGISTICS & CARGO OPERATORS: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2023–2028 (USD MILLION) 218
10.5 PUBLIC TRANSPORTATION AUTHORITIES 219
10.5.1 IMPROVED SCHEDULING, ROUTE OPTIMIZATION, AND ENHANCED PASSENGER EXPERIENCES TO DRIVE TELEMATICS ADOPTION 219
TABLE 79 PUBLIC TRANSPORTATION AUTHORITIES: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2018–2022 (USD MILLION) 219
TABLE 80 PUBLIC TRANSPORTATION AUTHORITIES: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2023–2028 (USD MILLION) 220
10.6 EMERGENCY SERVICES & FIRST RESPONDERS 220
10.6.1 ABILITY OF TELEMATICS TO PROVIDE FIRST RESPONDERS WITH REAL-TIME DATA TO DRIVE MARKET GROWTH 220
TABLE 81 EMERGENCY SERVICES & FIRST RESPONDERS: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2018–2022 (USD MILLION) 221
TABLE 82 EMERGENCY SERVICES & FIRST RESPONDERS: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2023–2028 (USD MILLION) 221
10.7 AUTONOMOUS VEHICLE OEMS & TECHNOLOGY PROVIDERS 221
10.7.1 ABILITY OF TELEMATICS TO ENABLE SEAMLESS COMMUNICATION AND NAVIGATION FOR SELF-DRIVING VEHICLES TO BOOST MARKET 221
TABLE 83 AUTONOMOUS VEHICLE OEMS & TECHNOLOGY PROVIDERS: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2018–2022 (USD MILLION) 222
TABLE 84 AUTONOMOUS VEHICLE OEMS & TECHNOLOGY PROVIDERS: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2023–2028 (USD MILLION) 222
10.8 AGRI & FARM OPERATORS 223
10.8.1 GROWING USE OF TELEMATICS-DRIVEN INSIGHTS FOR CROP MANAGEMENT AND FARMING EQUIPMENT MONITORING TO PROPEL MARKET 223
TABLE 85 AGRI & FARM OPERATORS: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2018–2022 (USD MILLION) 223
TABLE 86 AGRI & FARM OPERATORS: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2023–2028 (USD MILLION) 224
10.9 MINE DEVELOPERS & OPERATORS 224
10.9.1 GROWING NEED TO ENHANCE SAFETY PROTOCOLS AND OPTIMIZE MINING OPERATIONS TO DRIVE GROWTH 224
TABLE 87 MINE DEVELOPERS & OPERATORS: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2018–2022 (USD MILLION) 225
TABLE 88 MINE DEVELOPERS & OPERATORS: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2023–2028 (USD MILLION) 225
10.10 OTHER END USERS 225
TABLE 89 OTHER END USERS: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2018–2022 (USD MILLION) 226
TABLE 90 OTHER END USERS: COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2023–2028 (USD MILLION) 226
11 COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION 227
11.1 INTRODUCTION 228
FIGURE 53 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 228
FIGURE 54 INDIA TO REGISTER HIGHEST GROWTH RATE IN COMMERCIAL VEHICLE TELEMATICS MARKET DURING FORECAST PERIOD 229
TABLE 91 COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2018–2022 (USD MILLION) 229
TABLE 92 COMMERCIAL VEHICLE TELEMATICS MARKET, BY REGION, 2023–2028 (USD MILLION) 229
11.2 NORTH AMERICA 230
11.2.1 NORTH AMERICA: COMMERCIAL VEHICLE TELEMATICS MARKET DRIVERS 230
11.2.2 NORTH AMERICA: RECESSION IMPACT 231
FIGURE 55 NORTH AMERICA: COMMERCIAL VEHICLE TELEMATICS MARKET SNAPSHOT 232
TABLE 93 NORTH AMERICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2018–2022 (USD MILLION) 232
TABLE 94 NORTH AMERICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 233
TABLE 95 NORTH AMERICA: COMMERCIAL VEHICLE TELEMATICS SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION) 233
TABLE 96 NORTH AMERICA: COMMERCIAL VEHICLE TELEMATICS SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION) 233
TABLE 97 NORTH AMERICA: COMMERCIAL VEHICLE TELEMATICS SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION) 234
TABLE 98 NORTH AMERICA: COMMERCIAL VEHICLE TELEMATICS SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION) 234
TABLE 99 NORTH AMERICA: COMMERCIAL VEHICLE TELEMATICS MARKET FOR PROFESSIONAL SERVICES, BY TYPE, 2018–2022 (USD MILLION) 234
TABLE 100 NORTH AMERICA: COMMERCIAL VEHICLE TELEMATICS MARKET FOR PROFESSIONAL SERVICES, BY TYPE, 2023–2028 (USD MILLION) 234
TABLE 101 NORTH AMERICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION) 235
TABLE 102 NORTH AMERICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION) 235
TABLE 103 NORTH AMERICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY PROPULSION TYPE, 2018–2022 (USD MILLION) 235
TABLE 104 NORTH AMERICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY PROPULSION TYPE, 2023–2028 (USD MILLION) 235
TABLE 105 NORTH AMERICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY SALES CHANNEL, 2018–2022 (USD MILLION) 236
TABLE 106 NORTH AMERICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY SALES CHANNEL, 2023–2028 (USD MILLION) 236
TABLE 107 NORTH AMERICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY END USER, 2018–2022 (USD MILLION) 236
TABLE 108 NORTH AMERICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY END USER, 2023–2028 (USD MILLION) 237
TABLE 109 NORTH AMERICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 237
TABLE 110 NORTH AMERICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 237
11.2.3 US 238
11.2.3.1 Increasing adoption of advanced analytics and AI for data-driven insights to drive growth 238
TABLE 111 US: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2018–2022 (USD MILLION) 238
TABLE 112 US: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 238
11.2.4 CANADA 239
11.2.4.1 Growing awareness of operational efficiency to encourage businesses to invest in telematics 239
TABLE 113 CANADA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2018–2022 (USD MILLION) 239
TABLE 114 CANADA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 239
11.3 EUROPE 240
11.3.1 EUROPE: COMMERCIAL VEHICLE TELEMATICS MARKET DRIVERS 240
11.3.2 EUROPE: RECESSION IMPACT 241
TABLE 115 EUROPE: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2018–2022 (USD MILLION) 241
TABLE 116 EUROPE: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 242
TABLE 117 EUROPE: COMMERCIAL VEHICLE TELEMATICS SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION) 242
TABLE 118 EUROPE: COMMERCIAL VEHICLE TELEMATICS SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION) 242
TABLE 119 EUROPE: COMMERCIAL VEHICLE TELEMATICS SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION) 243
TABLE 120 EUROPE: COMMERCIAL VEHICLE TELEMATICS SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION) 243
TABLE 121 EUROPE: COMMERCIAL VEHICLE TELEMATICS MARKET FOR PROFESSIONAL SERVICES, BY TYPE, 2018–2022 (USD MILLION) 243
TABLE 122 EUROPE: COMMERCIAL VEHICLE TELEMATICS MARKET FOR PROFESSIONAL SERVICES, BY TYPE, 2023–2028 (USD MILLION) 243
TABLE 123 EUROPE: COMMERCIAL VEHICLE TELEMATICS MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION) 244
TABLE 124 EUROPE: COMMERCIAL VEHICLE TELEMATICS MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION) 244
TABLE 125 EUROPE: COMMERCIAL VEHICLE TELEMATICS MARKET, BY PROPULSION TYPE, 2018–2022 (USD MILLION) 244
TABLE 126 EUROPE: COMMERCIAL VEHICLE TELEMATICS MARKET, BY PROPULSION TYPE, 2023–2028 (USD MILLION) 244
TABLE 127 EUROPE: COMMERCIAL VEHICLE TELEMATICS MARKET, BY SALES CHANNEL, 2018–2022 (USD MILLION) 245
TABLE 128 EUROPE: COMMERCIAL VEHICLE TELEMATICS MARKET, BY SALES CHANNEL, 2023–2028 (USD MILLION) 245
TABLE 129 EUROPE: COMMERCIAL VEHICLE TELEMATICS MARKET, BY END USER, 2018–2022 (USD MILLION) 245
TABLE 130 EUROPE: COMMERCIAL VEHICLE TELEMATICS MARKET, BY END USER, 2023–2028 (USD MILLION) 246
TABLE 131 EUROPE: COMMERCIAL VEHICLE TELEMATICS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 246
TABLE 132 EUROPE: COMMERCIAL VEHICLE TELEMATICS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 247
11.3.3 UK 247
11.3.3.1 Regulatory initiatives and real-time analysis of telematics solutions to fuel adoption of telematics in UK 247
TABLE 133 UK: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2018–2022 (USD MILLION) 248
TABLE 134 UK: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 248
11.3.4 GERMANY 248
11.3.4.1 Integration of telematics with emerging technologies like 5G connectivity, AI, and ML to boost growth 248
TABLE 135 GERMANY: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2018–2022 (USD MILLION) 249
TABLE 136 GERMANY: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 249
11.3.5 FRANCE 249
11.3.5.1 Increasing demand for GPS tracking, vehicle diagnostics, and fuel management to support market growth 249
TABLE 137 FRANCE: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2018–2022 (USD MILLION) 250
TABLE 138 FRANCE: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 250
11.3.6 ITALY 251
11.3.6.1 Need for efficient fleet management and cost optimization to drive adoption of telematics solutions 251
TABLE 139 ITALY: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2018–2022 (USD MILLION) 251
TABLE 140 ITALY: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 252
11.3.7 SPAIN 252
11.3.7.1 Need to improve route planning, fuel efficiency, and driver productivity in Spain to drive market 252
TABLE 141 SPAIN: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2018–2022 (USD MILLION) 253
TABLE 142 SPAIN: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 253
11.3.8 REST OF EUROPE 253
TABLE 143 REST OF EUROPE: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2018–2022 (USD MILLION) 254
TABLE 144 REST OF EUROPE: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 254
11.4 ASIA PACIFIC 254
11.4.1 ASIA PACIFIC: COMMERCIAL VEHICLE TELEMATICS MARKET DRIVERS 255
11.4.2 ASIA PACIFIC: RECESSION IMPACT 255
FIGURE 56 ASIA PACIFIC: COMMERCIAL VEHICLE TELEMATICS MARKET SNAPSHOT 256
TABLE 145 ASIA PACIFIC: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2018–2022 (USD MILLION) 256
TABLE 146 ASIA PACIFIC: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 257
TABLE 147 ASIA PACIFIC: COMMERCIAL VEHICLE TELEMATICS SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION) 257
TABLE 148 ASIA PACIFIC: COMMERCIAL VEHICLE TELEMATICS SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION) 257
TABLE 149 ASIA PACIFIC: COMMERCIAL VEHICLE TELEMATICS SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION) 258
TABLE 150 ASIA PACIFIC: COMMERCIAL VEHICLE TELEMATICS SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION) 258
TABLE 151 ASIA PACIFIC: COMMERCIAL VEHICLE TELEMATICS MARKET FOR PROFESSIONAL SERVICES, BY TYPE, 2018–2022 (USD MILLION) 258
TABLE 152 ASIA PACIFIC: COMMERCIAL VEHICLE TELEMATICS MARKET FOR PROFESSIONAL SERVICES, BY TYPE, 2023–2028 (USD MILLION) 258
TABLE 153 ASIA PACIFIC: COMMERCIAL VEHICLE TELEMATICS MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION) 259
TABLE 154 ASIA PACIFIC: COMMERCIAL VEHICLE TELEMATICS MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION) 259
TABLE 155 ASIA PACIFIC: COMMERCIAL VEHICLE TELEMATICS MARKET, BY PROPULSION TYPE, 2018–2022 (USD MILLION) 259
TABLE 156 ASIA PACIFIC: COMMERCIAL VEHICLE TELEMATICS MARKET, BY PROPULSION TYPE, 2023–2028 (USD MILLION) 259
TABLE 157 ASIA PACIFIC: COMMERCIAL VEHICLE TELEMATICS MARKET, BY SALES CHANNEL, 2018–2022 (USD MILLION) 260
TABLE 158 ASIA PACIFIC: COMMERCIAL VEHICLE TELEMATICS MARKET, BY SALES CHANNEL, 2023–2028 (USD MILLION) 260
TABLE 159 ASIA PACIFIC: COMMERCIAL VEHICLE TELEMATICS MARKET, BY END USER, 2018–2022 (USD MILLION) 260
TABLE 160 ASIA PACIFIC: COMMERCIAL VEHICLE TELEMATICS MARKET, BY END USER, 2023–2028 (USD MILLION) 261
TABLE 161 ASIA PACIFIC: COMMERCIAL VEHICLE TELEMATICS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 261
TABLE 162 ASIA PACIFIC: COMMERCIAL VEHICLE TELEMATICS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 262
11.4.3 CHINA 262
11.4.3.1 Growing need for comprehensive solutions to enhance value chain to boost market 262
TABLE 163 CHINA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2018–2022 (USD MILLION) 263
TABLE 164 CHINA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 263
11.4.4 INDIA 263
11.4.4.1 Need to enhance vehicle tracking, fuel efficiency, and overall fleet management to drive market 263
TABLE 165 INDIA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2018–2022 (USD MILLION) 264
TABLE 166 INDIA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 264
11.4.5 JAPAN 264
11.4.5.1 Commitment to technological innovation, coupled with highly developed automotive industry, to propel market 264
TABLE 167 JAPAN: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2018–2022 (USD MILLION) 265
TABLE 168 JAPAN: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 265
11.4.6 SOUTH KOREA 266
11.4.6.1 Ability of telematics solutions to enhance operational efficiency and improve fuel economy to fuel adoption 266
TABLE 169 SOUTH KOREA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2018–2022 (USD MILLION) 266
TABLE 170 SOUTH KOREA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 266
11.4.7 SINGAPORE 267
11.4.7.1 Need to monitor vehicle locations in real-time, optimize routes, and analyze driver behavior to favor market growth 267
TABLE 171 SINGAPORE: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2018–2022 (USD MILLION) 267
TABLE 172 SINGAPORE: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 267
11.4.8 AUSTRALIA & NEW ZEALAND 268
11.4.8.1 Growing government focus on addressing environmental concerns to promote adoption of telematics solutions 268
TABLE 173 AUSTRALIA & NEW ZEALAND: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2018–2022 (USD MILLION) 268
TABLE 174 AUSTRALIA & NEW ZEALAND: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 269
11.4.9 REST OF ASIA PACIFIC 269
TABLE 175 REST OF ASIA PACIFIC: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2018–2022 (USD MILLION) 270
TABLE 176 REST OF ASIA PACIFIC: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 270
11.5 MIDDLE EAST & AFRICA 270
11.5.1 MIDDLE EAST & AFRICA: COMMERCIAL VEHICLE TELEMATICS MARKET DRIVERS 271
11.5.2 MIDDLE EAST & AFRICA: RECESSION IMPACT 271
TABLE 177 MIDDLE EAST & AFRICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2018–2022 (USD MILLION) 271
TABLE 178 MIDDLE EAST & AFRICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 272
TABLE 179 MIDDLE EAST & AFRICA: COMMERCIAL VEHICLE TELEMATICS SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION) 272
TABLE 180 MIDDLE EAST & AFRICA: COMMERCIAL VEHICLE TELEMATICS SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION) 272
TABLE 181 MIDDLE EAST & AFRICA: COMMERCIAL VEHICLE TELEMATICS SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION) 273
TABLE 182 MIDDLE EAST & AFRICA: COMMERCIAL VEHICLE TELEMATICS SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION) 273
TABLE 183 MIDDLE EAST & AFRICA: COMMERCIAL VEHICLE TELEMATICS MARKET FOR PROFESSIONAL SERVICES, BY TYPE, 2018–2022 (USD MILLION) 273
TABLE 184 MIDDLE EAST & AFRICA: COMMERCIAL VEHICLE TELEMATICS MARKET FOR PROFESSIONAL SERVICES, BY TYPE, 2023–2028 (USD MILLION) 273
TABLE 185 MIDDLE EAST & AFRICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION) 274
TABLE 186 MIDDLE EAST & AFRICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION) 274
TABLE 187 MIDDLE EAST & AFRICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY PROPULSION TYPE, 2018–2022 (USD MILLION) 274
TABLE 188 MIDDLE EAST & AFRICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY PROPULSION TYPE, 2023–2028 (USD MILLION) 274
TABLE 189 MIDDLE EAST & AFRICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY SALES CHANNEL, 2018–2022 (USD MILLION) 275
TABLE 190 MIDDLE EAST & AFRICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY SALES CHANNEL, 2023–2028 (USD MILLION) 275
TABLE 191 MIDDLE EAST & AFRICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY END USER, 2018–2022 (USD MILLION) 275
TABLE 192 MIDDLE EAST & AFRICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY END USER, 2023–2028 (USD MILLION) 276
TABLE 193 MIDDLE EAST & AFRICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 276
TABLE 194 MIDDLE EAST & AFRICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 277
11.5.3 GCC 277
11.5.3.1 Growing adoption of commercial vehicle telematics for logistics efficiency and fleet management to propel market 277
TABLE 195 GCC: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2018–2022 (USD MILLION) 278
TABLE 196 GCC: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 278
11.5.4 EGYPT 278
11.5.4.1 Increasing focus on embracing advanced technologies for better fleet management to boost market growth 278
TABLE 197 EGYPT: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2018–2022 (USD MILLION) 279
TABLE 198 EGYPT: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 279
11.5.5 SOUTH AFRICA 279
11.5.5.1 Government initiatives aimed at promoting road safety and efficiency to contribute to growth 279
TABLE 199 SOUTH AFRICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2018–2022 (USD MILLION) 280
TABLE 200 SOUTH AFRICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 280
11.5.6 TURKEY 280
11.5.6.1 Increasing adoption of telematics technologies to monitor vehicle locations and improve route planning to drive growth 280
TABLE 201 TURKEY: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2018–2022 (USD MILLION) 281
TABLE 202 TURKEY: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 281
11.5.7 REST OF MIDDLE EAST & AFRICA 281
TABLE 203 REST OF MIDDLE EAST & AFRICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2018–2022 (USD MILLION) 282
TABLE 204 REST OF MIDDLE EAST & AFRICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 282
11.6 LATIN AMERICA 282
11.6.1 LATIN AMERICA: COMMERCIAL VEHICLE TELEMATICS MARKET DRIVERS 283
11.6.2 LATIN AMERICA: RECESSION IMPACT 283
TABLE 205 LATIN AMERICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2018–2022 (USD MILLION) 284
TABLE 206 LATIN AMERICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 284
TABLE 207 LATIN AMERICA: COMMERCIAL VEHICLE TELEMATICS SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION) 284
TABLE 208 LATIN AMERICA: COMMERCIAL VEHICLE TELEMATICS SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION) 285
TABLE 209 LATIN AMERICA: COMMERCIAL VEHICLE TELEMATICS SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION) 285
TABLE 210 LATIN AMERICA: COMMERCIAL VEHICLE TELEMATICS SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION) 285
TABLE 211 LATIN AMERICA: COMMERCIAL VEHICLE TELEMATICS MARKET FOR PROFESSIONAL SERVICES, BY TYPE, 2018–2022 (USD MILLION) 286
TABLE 212 LATIN AMERICA: COMMERCIAL VEHICLE TELEMATICS MARKET FOR PROFESSIONAL SERVICES, BY TYPE, 2023–2028 (USD MILLION) 286
TABLE 213 LATIN AMERICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION) 286
TABLE 214 LATIN AMERICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION) 286
TABLE 215 LATIN AMERICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY PROPULSION TYPE, 2018–2022 (USD MILLION) 287
TABLE 216 LATIN AMERICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY PROPULSION TYPE, 2023–2028 (USD MILLION) 287
TABLE 217 LATIN AMERICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY SALES CHANNEL, 2018–2022 (USD MILLION) 287
TABLE 218 LATIN AMERICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY SALES CHANNEL, 2023–2028 (USD MILLION) 287
TABLE 219 LATIN AMERICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY END USER, 2018–2022 (USD MILLION) 288
TABLE 220 LATIN AMERICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY END USER, 2023–2028 (USD MILLION) 288
TABLE 221 LATIN AMERICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 289
TABLE 222 LATIN AMERICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 289
11.6.3 BRAZIL 289
11.6.3.1 Commitment to environmental sustainability to foster integration of telematics for eco-driving practices 289
TABLE 223 BRAZIL: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2018–2022 (USD MILLION) 290
TABLE 224 BRAZIL: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 290
11.6.4 MEXICO 290
11.6.4.1 Thriving logistics & transportation industry to propel adoption of telematics solutions in Mexico 290
TABLE 225 MEXICO: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2018–2022 (USD MILLION) 291
TABLE 226 MEXICO: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 291
11.6.5 ARGENTINA 291
11.6.5.1 Growing need for enhanced fleet management to boost market 291
TABLE 227 ARGENTINA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2018–2022 (USD MILLION) 292
TABLE 228 ARGENTINA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 292
11.6.6 REST OF LATIN AMERICA 292
TABLE 229 REST OF LATIN AMERICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2018–2022 (USD MILLION) 293
TABLE 230 REST OF LATIN AMERICA: COMMERCIAL VEHICLE TELEMATICS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 293
12 COMPETITIVE LANDSCAPE 294
12.1 OVERVIEW 294
12.2 KEY PLAYER STRATEGIES 294
TABLE 231 OVERVIEW OF STRATEGIES ADOPTED BY KEY COMMERCIAL VEHICLE TELEMATICS VENDORS 294
12.3 REVENUE ANALYSIS 296
FIGURE 57 TOP 5 PLAYERS DOMINATED MARKET IN LAST FIVE YEARS 297
12.4 MARKET SHARE ANALYSIS 298
FIGURE 58 MARKET SHARE ANALYSIS FOR KEY PLAYERS, 2022 298
TABLE 232 COMMERCIAL VEHICLE TELEMATICS MARKET: DEGREE OF COMPETITION 299
12.5 BRAND/PRODUCT COMPARATIVE ANALYSIS 302
12.5.1 BRAND/PRODUCT COMPARATIVE ANALYSIS, BY FLEET MANAGEMENT SOFTWARE 302
FIGURE 59 BRAND/PRODUCT COMPARATIVE ANALYSIS, BY FLEET MANAGEMENT SOFTWARE 302
12.5.1.1 Verizon Connect 303
12.5.1.2 Geotab 303
12.5.1.3 Samsara 303
12.5.1.4 Omnitracs 303
12.5.2 BRAND/PRODUCT COMPARATIVE ANALYSIS, BY SAFETY MANAGEMENT SOFTWARE 304
FIGURE 60 BRAND/PRODUCT COMPARATIVE ANALYSIS, BY SAFETY MANAGEMENT SOFTWARE 304
12.5.2.1 MiX Telematics 305
12.5.2.2 Lytx 305
12.5.2.3 Teletrac Navman 305
12.5.2.4 Motive 305
12.5.3 BRAND/PRODUCT COMPARATIVE ANALYSIS, BY FLEET PRODUCTIVITY SOFTWARE 306
FIGURE 61 BRAND/PRODUCT COMPARATIVE ANALYSIS, BY FLEET PRODUCTIVITY SOFTWARE 306
12.5.3.1 Trimble 306
12.5.3.2 Octo Telematics 306
12.5.3.3 Spireon 307
12.5.3.4 Zonar Systems 307
12.6 VALUATION AND FINANCIAL METRICS OF KEY VENDORS 307
FIGURE 62 VALUATION AND FINANCIAL METRICS OF KEY VENDORS 307
FIGURE 63 YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OF KEY VENDORS 308
12.7 COMPANY EVALUATION MATRIX 308
12.7.1 STARS 308
12.7.2 EMERGING LEADERS 308
12.7.3 PERVASIVE PLAYERS 309
12.7.4 PARTICIPANTS 309
FIGURE 64 COMMERCIAL VEHICLE TELEMATICS MARKET: COMPANY EVALUATION MATRIX, 2022 309
12.7.5 COMPANY FOOTPRINT OF KEY PLAYERS 310
TABLE 233 PRODUCT FOOTPRINT (17 COMPANIES) 310
TABLE 234 END-USER FOOTPRINT (17 COMPANIES) 311
TABLE 235 REGIONAL FOOTPRINT (17 COMPANIES) 312
TABLE 236 COMPANY FOOTPRINT (17 COMPANIES) 313
12.8 STARTUP/SME EVALUATION MATRIX 313
12.8.1 PROGRESSIVE COMPANIES 314
12.8.2 RESPONSIVE COMPANIES 314
12.8.3 DYNAMIC COMPANIES 314
12.8.4 STARTING BLOCKS 314
FIGURE 65 COMMERCIAL VEHICLE TELEMATICS MARKET: STARTUP/SME EVALUATION MATRIX, 2022 315
12.8.5 COMPETITIVE BENCHMARKING 316
TABLE 237 COMMERCIAL VEHICLE TELEMATICS MARKET: DETAILED LIST OF STARTUPS/SMES 316
TABLE 238 COMMERCIAL VEHICLE TELEMATICS MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES 317
12.9 COMPETITIVE SCENARIO AND TRENDS 318
12.9.1 PRODUCT LAUNCHES & ENHANCEMENTS 318
TABLE 239 COMMERCIAL VEHICLE TELEMATICS MARKET: PRODUCT LAUNCHES & ENHANCEMENTS, JANUARY 2020–DECEMBER 2023 318
12.9.2 DEALS 320
TABLE 240 COMMERCIAL VEHICLE TELEMATICS MARKET: DEALS, JANUARY 2020– DECEMBER 2023 320
13 COMPANY PROFILES 327
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
13.1 INTRODUCTION 327
13.2 KEY PLAYERS 327
13.2.1 VERIZON CONNECT 327
TABLE 241 VERIZON CONNECT: BUSINESS OVERVIEW 328
TABLE 242 VERIZON CONNECT: PRODUCTS/SOLUTIONS/SERVICES OFFERED 328
TABLE 243 VERIZON CONNECT: PRODUCT LAUNCHES & ENHANCEMENTS 330
TABLE 244 VERIZON CONNECT: DEALS 330
13.2.2 GEOTAB 332
TABLE 245 GEOTAB: BUSINESS OVERVIEW 332
TABLE 246 GEOTAB: PRODUCTS/SOLUTIONS/SERVICES OFFERED 333
TABLE 247 GEOTAB: PRODUCT LAUNCHES & ENHANCEMENTS 334
TABLE 248 GEOTAB: DEALS 334
13.2.3 PTC 337
TABLE 249 PTC: BUSINESS OVERVIEW 337
FIGURE 66 PTC: COMPANY SNAPSHOT (2022) 338
TABLE 250 PTC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 338
TABLE 251 PTC: PRODUCT LAUNCHES & ENHANCEMENTS 339
13.2.4 TRIMBLE 341
TABLE 252 TRIMBLE: BUSINESS OVERVIEW 341
FIGURE 67 TRIMBLE: COMPANY SNAPSHOT (2023) 342
TABLE 253 TRIMBLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 342
TABLE 254 TRIMBLE: PRODUCT LAUNCHES & ENHANCEMENTS 344
TABLE 255 TRIMBLE: DEALS 344
13.2.5 TOMTOM 346
TABLE 256 TOMTOM: BUSINESS OVERVIEW 346
FIGURE 68 TOMTOM: COMPANY SNAPSHOT (2022) 347
TABLE 257 TOMTOM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 347
TABLE 258 TOMTOM: PRODUCT LAUNCHES & ENHANCEMENTS 348
TABLE 259 TOMTOM: DEALS 348
13.2.6 OMNITRACS 350
TABLE 260 OMNITRACS: BUSINESS OVERVIEW 350
TABLE 261 OMNITRACS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 351
TABLE 262 OMNITRACS: PRODUCT LAUNCHES & ENHANCEMENTS 352
TABLE 263 OMNITRACS: DEALS 352
13.2.7 MASTERNAUT LIMITED 354
TABLE 264 MASTERNAUT LIMITED: BUSINESS OVERVIEW 354
TABLE 265 MASTERNAUT LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 355
TABLE 266 MASTERNAUT LIMITED: PRODUCT LAUNCHES & ENHANCEMENTS 356
TABLE 267 MASTERNAUT LIMITED: DEALS 356
13.2.8 MICROLISE 357
TABLE 268 MICROLISE: BUSINESS OVERVIEW 357
TABLE 269 MICROLISE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 358
TABLE 270 MICROLISE: DEALS 359
13.2.9 INSEEGO CORPORATION 360
TABLE 271 INSEEGO CORPORATION: BUSINESS OVERVIEW 360
FIGURE 69 INSEEGO CORPORATION: COMPANY SNAPSHOT (2022) 361
TABLE 272 INSEEGO CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 361
TABLE 273 INSEEGO CORPORATION: DEALS 362
13.2.10 SAMSARA 363
TABLE 274 SAMSARA: BUSINESS OVERVIEW 363
FIGURE 70 SAMSARA: COMPANY SNAPSHOT (2023) 364
TABLE 275 SAMSARA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 364
TABLE 276 SAMSARA: PRODUCT LAUNCHES & ENHANCEMENTS 365
TABLE 277 SAMSARA: DEALS 365
13.2.11 OCTO TELEMATICS 367
13.2.12 MIX TELEMATICS 368
13.2.13 ZONAR SYSTEMS 369
13.2.14 TELETRAC NAVMAN 370
13.2.15 SPIREON 371
13.2.16 LYTX 372
13.2.17 VOLKSWAGEN COMMERCIAL VEHICLES 373
13.3 STARTUP/SME PROFILES 374
13.3.1 MOTIVE 374
13.3.2 NAUTO 375
13.3.3 GREENROAD TECHNOLOGIES 376
13.3.4 OTONOMO TECHNOLOGIES 377
13.3.5 FLEETX.IO 378
13.3.6 ONFLEET 379
13.3.7 VONTIER 380
13.3.8 TANGERINE 381
13.3.9 MOJIO 382
13.3.10 GURTAM 383
13.3.11 FLEETABLE 384
13.3.12 AVRIOS 385
13.3.13 PLATFORM SCIENCE 386
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
14 ADJACENT AND RELATED MARKETS 387
14.1 INTRODUCTION 387
14.2 FLEET MANAGEMENT MARKET – GLOBAL FORECAST TO 2027 387
14.2.1 MARKET DEFINITION 387
14.2.2 MARKET OVERVIEW 387
14.2.2.1 Commercial vehicle telematics security market, by component 388
TABLE 278 FLEET MANAGEMENT MARKET, BY COMPONENT, 2017–2021 (USD MILLION) 388
TABLE 279 FLEET MANAGEMENT MARKET, BY COMPONENT, 2022–2027 (USD MILLION) 388
14.2.2.2 Fleet management market, by deployment mode 388
TABLE 280 FLEET MANAGEMENT MARKET, BY DEPLOYMENT TYPE, 2017–2021 (USD MILLION) 388
TABLE 281 FLEET MANAGEMENT MARKET, BY DEPLOYMENT TYPE, 2022–2027 (USD MILLION) 389
14.2.2.3 Fleet management market, by fleet type 389
TABLE 282 FLEET MANAGEMENT MARKET, BY FLEET TYPE, 2017–2021 (USD MILLION) 389
TABLE 283 FLEET MANAGEMENT MARKET, BY FLEET TYPE, 2022–2027 (USD MILLION) 389
14.2.2.4 Fleet management market, by vertical 389
TABLE 284 FLEET MANAGEMENT MARKET, BY VERTICAL, 2017–2021 (USD MILLION) 390
TABLE 285 FLEET MANAGEMENT MARKET, BY VERTICAL, 2022–2027 (USD MILLION) 390
14.2.2.5 Fleet management market, by region 390
TABLE 286 FLEET MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION) 391
TABLE 287 FLEET MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 391
14.3 SMART TRANSPORTATION MARKET – GLOBAL FORECAST TO 2028 391
14.3.1 MARKET DEFINITION 391
14.3.2 MARKET OVERVIEW 391
14.3.2.1 Smart transportation market, by transportation mode 392
TABLE 288 SMART TRANSPORTATION MARKET, BY TRANSPORTATION MODE, 2018–2022 (USD MILLION) 392
TABLE 289 SMART TRANSPORTATION MARKET, BY TRANSPORTATION MODE, 2023–2028 (USD MILLION) 392
14.3.2.2 Smart transportation market, by roadway 392
TABLE 290 ROADWAY: SMART TRANSPORTATION MARKET, BY TYPE, 2018–2022 (USD MILLION) 393
TABLE 291 ROADWAY: SMART TRANSPORTATION MARKET, BY TYPE, 2023–2028 (USD MILLION) 393
14.3.2.3 Smart transportation market, by railway 393
TABLE 292 RAILWAY: SMART TRANSPORTATION MARKET, BY TYPE, 2018–2022 (USD MILLION) 393
TABLE 293 RAILWAY: SMART TRANSPORTATION MARKET, BY TYPE, 2023–2028 (USD MILLION) 393
14.3.2.4 Smart transportation market, by region 394
TABLE 294 SMART TRANSPORTATION MARKET, BY REGION, 2018–2022 (USD MILLION) 394
TABLE 295 SMART TRANSPORTATION MARKET, BY REGION, 2023–2028 (USD MILLION) 394
15 APPENDIX 395
15.1 DISCUSSION GUIDE 395
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 402
15.3 CUSTOMIZATION OPTIONS 404
15.4 RELATED REPORTS 404
15.5 AUTHOR DETAILS 405