Truck Telematics Market shall reach a value of $2x61.4 Million in 2027, growing with a CAGR of 12.13% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
For the purpose of this market research report, Truck Telematics is defined as the use of fleet telematics in the trucking industry to gather data about vehicle location, driver behavior, vehicle activity and real-time engine diagnostics. This data is collected with the use of GPS technology, sensors and on-board diagnostic codes. The use of Truck Telematics allows the fleet owners to remotely manage them. The Truck Telematics system have a GPS tracking device which is installed on vehicles on-board diagnostic port and a fleet communication software system which is usually located at a dispatch center or the fleet manager’s office.
Truck Telematics Market Growth and Trends
Truck Telematics Market Regional Analysis
Vehicle connectivity and widespread business proliferation globally has resulted in soaring growth in the global truck telematics market. Europe is a leading market player is expected to register an inflating growth owing to smart mobility and well-developed ICT infrastructure along with the implementation of regulatory policies in the region.
The Asia Pacific region is expected to witness an upsurge in the market due to fast-growing telematics technology in the trucking industry while the high price and fleets of the truck telematics technology are expected to hamper the market growth.
However, Europe and the Middle East are expected to drive ranging growth in the regional market owing to the probability of both the regions converting massive data analytics into actionable procedures.
Truck Telematics Market Share and Competition
Key companies operating in this industry are: Trimble, Wabco, Continental, CalAmp, Delphi, Bosch, GEOTAB, Automatic, Actsoft, Telic, Mojio, Xirgo Technologies, e6gps and Hirain Technologies.
Truck Telematics Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2020 - 2027)
• Plug and Play Telematics
• Hardwired Install Telematics
Application Analysis (Revenue, USD Million, 2020 - 2027)
• Light Truck
• Heavy Truck
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Truck Telematics Market Companies
• Xirgo Technologies
• Hirain Technologies
United States Truck Telematics Market Research Report
Europe Truck Telematics Market Research Report
Asia Pacific Truck Telematics Market Research Report
India Truck Telematics Market Research Report