Commercial Vehicle Telematics Market In Americas 2024-2028
The commercial vehicle telematics market in americas is forecasted to grow by USD 20716.4 mn during 2023-2028, accelerating at a CAGR of 31.3% during the forecast period. The report on the commercial vehicle telematics market in americas provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by cost savings due to adoption of telematics-enabled ubi, increasing electronic content and telematics adoption, and adoption of lone worker safety regulations in canada.
Technavio's commercial vehicle telematics market in americas is segmented as below:
- By Type
- Embedded telematics
- Smartphone-based telematics
- Portable telematics
- By Application
- LCV
- M and HCVs
- By Geographical Landscape
- Americas
This study identifies the usage of advanced analytics to optimize fleet efficiency as one of the prime reasons driving the commercial vehicle telematics market in americas growth during the next few years. Also, government initiatives increasing adoption of obd telematics systems and emergence of next-generation telematics protocol will lead to sizable demand in the market.
The report on the commercial vehicle telematics market in americas covers the following areas:
- Commercial Vehicle Telematics Market in Americas sizing
- Commercial Vehicle Telematics Market in Americas forecast
- Commercial Vehicle Telematics Market in Americas industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading commercial vehicle telematics market in americas vendors that include AB Volvo, Agero Inc., Airbiquity Inc., AT and T Inc., Bayerische Motoren Werke AG, Continental AG, DrivSafe LLC, Ford Motor Co., Garmin Ltd., General Motors Co., Michelin Group, MiX Telematics Ltd., Omnitracs LLC, Robert Bosch GmbH, Samsung Electronics Co. Ltd., TomTom NV, Trimble Inc., Valeo SA, Verizon Communications Inc., and Visteon Corp.. Also, the commercial vehicle telematics market in americas analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.