Commercial Vehicle Telematics Market is expected to develop at a 18.5% CAGR, reaching a value of USD$ 183.41 Bn by 2030
Commercial Vehicle Telematics Market is expected to develop at a 18.5% CAGR, reaching a value of USD$ 183.41 Bn by 2030 | Trimble Inc, Omnitracs LLC, Masternaut
NEW YORK, NY, UNITED STATES, April 18, 2023/EINPresswire.com/ -- ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ:According to MRFR analysis, the global Commercial Vehicle Telematics market is expected to register a CAGR of ~18.5% from 2023 to 2030 and hold a value of over USD 183.41 billion by 2030.
Commercial Vehicle Telematics refers to the use of GPS, sensors, and other technologies to track and monitor the performance, location, and behavior of commercial vehicles such as trucks, buses, and delivery vans. It provides valuable data and insights to fleet managers, helping them optimize their operations, reduce costs, and improve customer service. The COVID-19 pandemic has significantly impacted the commercial vehicle industry, leading to changes in demand, supply chains, and consumer behavior. The economic slowdown and the reduction in overall commercial vehicle usage have impacted the growth of the commercial vehicle telematics market.
๐๐๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ @ https://www.marketresearchfuture.com/sample_request/10447
๐๐จ๐ฆ๐ ๐จ๐ ๐ญ๐ก๐ ๐ค๐๐ฒ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐ซ๐
PTC Inc.
Trimble Inc.
TomTom Telematics BV
Verizon Telematics Inc.
Mix Telematics International (PTY) Ltd.
Zonar Systems Inc.
OCTO Telematics Ltd.
Omnitracs LLC
Masternaut Limited
Microlise Group Ltd, among others
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
The Asia Pacific region is expected to witness the highest growth in the commercial vehicle telematics market due to factors such as the rapidly growing e-commerce industry, increasing government regulations mandating the use of telematics in commercial vehicles, and the large pool of potential customers in the region. Additionally, countries in the Asia Pacific region, such as China, India, and Japan, are investing heavily in the development of smart cities and the adoption of new technologies, which is expected to drive the growth of the commercial vehicle telematics market in the region.
๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ข๐๐ฅ ๐๐๐ก๐ข๐๐ฅ๐ ๐๐๐ฅ๐๐ฆ๐๐ญ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐๐ฅ ๐๐๐ฏ๐๐ง๐๐๐ฆ๐๐ง๐ญ:
The commercial vehicle telematics market has been rapidly advancing with technological advancements in recent years. Some of the key technological advancements in this market include:
Connectivity technologies such as 4G LTE, 5G, and IoT that enable real-time monitoring and communication of vehicles.
Advanced GPS systems with higher accuracy and reliability for vehicle tracking and fleet management.
Big Data analytics tools and machine learning algorithms that enable better decision making and optimization of fleet operations.
Development of cloud-based telematics solutions that provide scalable and cost-effective telematics services.
Integration of telematics with other technologies such as advanced driver-assistance systems (ADAS), autonomous driving, and electric vehicles (EVs).
Development of new sensors and actuators that provide more comprehensive data on vehicle performance and behavior.
These advancements have led to the creation of new and improved telematics services and applications that help commercial vehicle operators improve safety, efficiency, and profitability.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ ๐จ๐ซ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ: https://www.marketresearchfuture.com/check-discount/10447
๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ข๐๐ฅ ๐๐๐ก๐ข๐๐ฅ๐ ๐๐๐ฅ๐๐ฆ๐๐ญ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ข๐๐ฅ ๐๐๐ก๐ข๐๐ฅ๐ ๐๐๐ฅ๐๐ฆ๐๐ญ๐ข๐๐ฌ ๐๐ฒ๐ฉ๐ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค
Solutions
Services
๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ข๐๐ฅ ๐๐๐ก๐ข๐๐ฅ๐ ๐๐๐ฅ๐๐ฆ๐๐ญ๐ข๐๐ฌ ๐๐ซ๐จ๐ฏ๐ข๐๐๐ซ ๐๐ฒ๐ฉ๐ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค
OEM
Aftermarket
๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ข๐๐ฅ ๐๐๐ก๐ข๐๐ฅ๐ ๐๐๐ฅ๐๐ฆ๐๐ญ๐ข๐๐ฌ ๐๐๐ซ๐ญ๐ข๐๐๐ฅ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค
Transportation & Logistics
Government & Utilities
Travel & Tourism
Construction
Education
Healthcare
Others
๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ข๐๐ฅ ๐๐๐ก๐ข๐๐ฅ๐ ๐๐๐ฅ๐๐ฆ๐๐ญ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฐ๐ฌ:
2021, the global commercial vehicle telematics market was experiencing steady growth and was expected to continue to do so in the coming years. Telematics refers to the use of technology to transmit data and information between vehicles and a central system.
In 2020, there were several noteworthy developments in the commercial vehicle telematics market. For example, Verizon Connect launched a new AI-powered telematics platform called Reveal, while Omnitracs acquired fleet management software provider SmartDrive Systems.
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐ง-๐๐๐ฉ๐ญ๐ก ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.marketresearchfuture.com/reports/commercial-vehicle-telematics-market-10447
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
E-Bike Market: https://www.marketresearchfuture.com/reports/e-bike-market-1876
Automotive Natural Gas Vehicle Market: https://www.marketresearchfuture.com/reports/automotive-natural-gas-vehicle-market-5750
Autonomous Trucks Market: https://www.marketresearchfuture.com/reports/autonomous-trucks-market-6126
๐๐๐จ๐ฎ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐ ๐ฎ๐ญ๐ฎ๐ซ๐ -
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
MRFR team has the supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country-level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with the technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Larry Wilson
WantStats Research And Media Pvt. Ltd.
+ +1 855-661-4441
sales@marketresearchfuture.com
Visit us on social media:
Facebook
Twitter
LinkedIn
YouTube