Zion Market Research Global Commercial Vehicle Telematics Market, 2016– | Page 3

Commercial Vehicle Telematics Market
Global Commercial Vehicle Telematics Market: Growth Factors
Escalating demand for monitoring and vehicle tracking systems in the logistics sector is
expected to drive the global commercial vehicle telematics market growth in future.
Increasing adoption of the NGTP globally will foster the global market growth in the
coming years. Increase in fuel prices and developing mobile connectivity across the
automotive sector is the key factor responsible for the growth of the market. Telematics
acts as a cornerstone for the efficient performance of the fleet management systems
and logistic systems. High demand for connected vehicles is anticipated to strengthen
the global commercial vehicle telematics market growth. Growing demand for
refrigerated vehicles is anticipated to the consolidation of the cold chain logistics sector,
which may further fuel the global commercial vehicle telematics market growth in
future.
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Global Commercial Vehicle Telematics Market: Segmentation
The global commercial vehicle telematics market is classified based on fitment type as
aftermarket and original equipment manufacturers. Of these, aftermarket fitment
segment is the leading in the global market due to considerable growth in the
unorganized logistics sector. It is constantly in demand for fleet management solutions;
this is anticipated to boost the global commercial vehicle telematics market growth and
it is expected to continue its dominance in the near future. The global market is further