Your Catalyst to a Lucrative Business
Integration and deployment have important features such as safety-related data, location-based data,
diagnostic data, communication features and interactivity features. These features help the commercial
vehicles to keep a complete track of the vehicle and are very useful in various instances such as
breaking down of the vehicle, track fuel efficiency and radio communication. The segment is likely to
grow at a 24.4% CAGR over the forecast period.
North America and Europe together dominated the global market contributing to over 65% of the
revenues generated in 2016. The rise in concern of security, driver safety, and the increase in the need
for vehicle tracking are some of the key factors resulting in the technology establishing a strong
foothold in the regions over the past few years.
PTC, Inc., TomTom Telematics, Zonar Systems, Inc., OCTO Telematics Ltd, Trimble Inc., Verizon
Telematics, Inc., Mix Telematics International (PTY) Ltd, Koito Manufacturing, Omnitracs, LLC,
Masternaut Limited, Inseego Corporation and Volkswagen Commercial Vehicles are some of the key
players in the market.
Hexa Research has segmented the global commercial telematics market on the basis of solution,
services, vehicle type, product, source and region:
Segmentation By Solution, 2014 - 2025 (USD Million)
• Fleet/Asset Management
• Navigation & Location Based Systems
• Infotainment Systems
• Insurance Telematics
• Safety and Security
• Remote Alarm and Incident Monitoring Solutions
• V2X
• Others
Segmentation By Service, 2014 - 2025 (USD Million)
• Integration & Deployment
• Consulting & Design
• Maintenance & Training Services
Segmentation By Vehicle Type, 2014 - 2025 (USD Million)
• Passenger Cars
• Commercial Vehicles
Segmentation By Product, 2014 - 2025 (USD Million)
• Hardware
• Software
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