Brazilian Connected Trucks Telematics Growth Opportunities
The Brazilian connected trucks telematics market is showing good indicators for growth. Although most of the connected trucks only have the basic solutions installed (for example, track & trace) due to the exigency of carriers and insurance companies, the demand for more advanced solutions, such as video cameras, is increasing and turning the market more technological. Other solutions related to risk management are being requested, especially by large fleets. As a result, more TSPs are providing safety & security and driver management solutions to fleet managers. In addition to rising tech solutions, another driver for this market is the several partnerships being established among OEMs, TSPs, and start-ups.
In 2021, telematics units were estimated at 1.12 million units, bringing the penetration rate to approximately 40.6%. At the end of 2021, an estimated 2.76 million trucks were serving different transportation needs and catering to industries, such as agriculture, food & beverage, healthcare, retail & delivery services, and oil & gas. The market is moderately fragmented, with 54.7% concentrated in 5 TSPs. This study covers key telematics service providers Sascar, Positron, Omnilink, and Autotrac. Notable OEMs include Mercedes-Benz, Volvo, Scania, Volkswagen, and Iveco. This Frost & Sullivan research service performs a comprehensive analysis of the Brazilian connected trucks telematics market, which includes market growth opportunities and considers industry KPIs and the micro and macroeconomic growth trends. This research will provide meaningful insights for telematics providers (OEMs, TSPs, and start-ups) wishing to explore this growing and competitive market.
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