Global Connected Medium & Heavy Commercial Vehicles Growth Opportunities

Global Connected Medium & Heavy Commercial Vehicles Growth Opportunities

Video Solutions Adoption, OEM Standardization, and Innovative AI Applications Drive Global Penetration Rates

The global telematics ecosystem in the medium and heavy commercial vehicles (M&HCV) industry is undergoing a tech-driven transformation, steering a new era of vehicle connectivity in the commercial vehicle space. The main Megatrends driving transformation in the M&HCV telematics industry include driver-centric services, OEM telematics proliferation, and truck electrification.

Incumbent industry players with a well-established base and emerging tech startups from various core industries beyond telematics compete to secure industry share. Legacy participants hold the majority market share.

Top third-party M&HCV telematics service providers include Solera Omnitracs, Geotab, Verizon Connect, Webfleet Solutions, Samsara, Lytx, Motive, Michelin Connected Solutions, Microlise, and Astrata; while leading OEMs in this space are Scania, Navistar, Daimler, Volvo, Paccar, and Traton.

This analysis of the global connected M&HCV industry examines telematics trends, regional assessments, competitor evaluations, revenue predictions, and industry size analyses. It provides a regional snapshot into industry metrics and installed bases, highlights leading third-party service providers and OEMs by product categories, and outlines potential avenues for expansion. This analysis will benefit industry stakeholders in formulating pertinent strategies to navigate industry obstacles and explore fresh growth opportunities.