Global Connected Truck Telematics Outlook, 2022

Global Connected Truck Telematics Outlook, 2022

In the 2021 outlook study, Frost & Sullivan predicted strategic mergers and acquisitions (M&A) in the global connected truck telematics market to involve participants from various industries, including transport service providers (TSP), original equipment manufacturers (OEM), Tier I suppliers, and key technology participants. This 2022 outlook study expects a continuation of the trend as market consolidation and convergence dynamically transforms the global market.

New product launches, Canadian electronic logging device certification, cross-vertical partnerships, and new market entries are highlights of the global connected truck telematics market. As leading market participants gear up with R&D in emerging solutions, such as electric vehicle telematics, artificial intelligence, and machine learning applications, the market will undergo a tectonic change on technological and business fronts. Big corporations will seek to penetrate new regions or markets through organic growth and M&As.

This Frost & Sullivan research discusses global micro- and macro-trends influencing the connected truck telematics market and provides regional deep-dive market analyses, key competitor analyses, revenue forecasts, and market sizing. The study also comprehensively analyzes key market metrics, generating insights into vehicle segments, fleet sizes, telematics penetration, OEM shares, and telematics contribution by product type, region, and segment. In this research, market participants will find effective strategies to address market challenges and growth opportunities for new revenue streams. Capitalizing on these growth opportunities and potential revenue and business streams will be crucial for TSPs, fleets, and other stakeholders in the value chain.