The content of this report will be updated with the latest scenarios based on the global COVID-19 Pandemic
The Europe Commercial Vehicle Telematics Market would witness market growth of 18.0% CAGR during the forecast period (2018 – 2024). Adding connectivity solutions in the vehicle has become the top most priority for the automobile manufacturers. Many applications integrated into smarter vehicles require an internet service to function. Connectivity can be provided in vehicles by using embedded, or after-market products and services. The connectivity solutions are used for offering internet connection, to the driver, as well as the passengers travelling in the vehicle. Different options like cellular network, Bluetooth tethering and Wi-Fi etc. available for the network connectivity provide an opportunity for growth to the telematics market.
The factors contributing to the high growth of the market are the adoption of NGTP protocol, increased usage of smartphones, decreasing cost of sensors, and growing government mandate for adoption of telematics in commercial vehicles. These factors are also expected to shape up the future of the global commercial vehicle telematics market. However, the market faces security and privacy issues as the major hurdle.
Based on Application, the market is segmented into Solution and Services. Solutions are further segmented into Fleet / Asset Management, Navigation, Infotainment, Insurance, Tele-Health, and Others. Services are further bifurcated into Design & Consulting, Deployment and Maintenance. Based on Deployment type, the market is segmented into Aftermarket and OEM (Original Equipment Manufacturers). Based on End User, the market is segmented into Transportation & Logistics, Insurance, Healthcare, Media & Entertainment, Automotive Industry, and Government Agencies.Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include Verizon communications, AT&T Inc., Ford Motor Company, BMW AG, Robert Bosch GmbH, Valeo S.A, Harman International industries, Vodafone Group Plc., Telefonica S.A, and Continental AG.