Global Commercial Telematics Market will grow at a CAGR of above 18.0% between 2016 & 2021.
Zion Research has published a new report titled “Commercial Telematics (OEM Telematics, Aftermarket Telematics)Market for Insurance Telematics, Fleet / Asset Management, Satellite Navigation, Infotainment, Remote Alarm and Monitoring, Telehealth Solutions and others application : Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021 .” According to the report, global demand for commercial telematics market was valued at USD 20.42 billion in 2015, and is expected to generate revenue of USD 55.14 billion by end of 2021, growing at a CAGR of slightly above 18.0% between 2016 and 2021.
Commercial telematics is used in a variety of applications such as infotainment, insurance telematics, fleet/asset management, satellite navigation, telehealth solutions, and others like including emergency warning systems. Commercial telematics are fleet- and trucking-segment-targeted automotive information and communication technologies to use embedded technology and mobile & aftermarket devices. Commercial telematics is used in number of end-use industries such as healthcare, construction, transportation and logistics, government and utilities, insurance, and manufacturing.
Request Report Samplehttps://www.zionmarketresearch.com/sample/commercial-telematics-market
Increasing demand for connectivity and increasing application across various industries, mainly in the healthcare and insurance sector are expected to be the major drivers for the global commercial telematics market. Rising market penetration of smart phones, reducing connectivity cost, accessibility of high speed internet technologies is expected to support the commercial telematics market growth in the near future. However, high cost of telematics equipment and lack of awareness may curb the demand for commercial telematics within the forecast period.
The commercial telematics market is segmented on the basis of different types including OEM telematics and aftermarket telematics. OEM Telematics was one of the leading segments and it accounted for significant share of entire global commercial telematics market in 2015. Aftermarket Telematics was another key outlet for embedded system market which is accounted for over 58% share of the total market in 2015.
Get Inquiry for buying report https://www.zionmarketresearch.com/inquiry/commercial-telematics-market
The commercial telematics market is segmented into applications such as insurance telematics, fleet / asset management, satellite navigation, infotainment, remote alarm and monitoring, telehealth solutions and others. Fleet and asset management application dominated the market with over 28% of the total commercial telematics market share in 2015. Growing demand from another application segment such as insurance telematics and infotainment sector is also expected to support market growth in the coming years.
Commercial telematics market was dominated by transportation and logistics segment in 2015 and which accounted for more than 54% share of the overall market. Insurance and healthcare is expected to witness the significant growth in the years to come.
North America acquired the majority of share for commercial telematics market due to the demand for transportation and logistics. Europe is expected to be the fastest growing region in next few years. Demand from countries such as Japan, China, India, and Australia is anticipated to drive the Asia Pacific commercial telematics market in the years to come.
Browse the full report at https://www.zionmarketresearch.com/report/commercial-telematics-market
Some of the key players in commercial telematics market include AT&T, Verizon Communications Inc., MiX Telematics Ltd., Trimble Navigation Limited, TomTom, OnStar LLC.,BMW, Verizon, and Telefonica.
This report segments the global commercial telematics market as follows:
Global Commercial Telematics Market: Type Segment Analysis
- OEM Telematics
- Aftermarket Telematics
Global Commercial Telematics Market: Application Segment Analysis
- Insurance Telematics
- Fleet / Asset Management
- Satellite Navigation
- Remote Alarm and Monitoring
- Telehealth Solutions
Global Commercial Telematics Market: End-Users Segment Analysis
Request for table of Contents https://www.zionmarketresearch.com/toc/commercial-telematics-market
- Transportation and Logistics
- Government and Utilities
Zion Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Zion Market Research experienced team of Analysts, Researchers, and Consultants uses proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Zion Market Research
4283, Express Lane,
Sarasota, Florida 34249, United States
Tel: +49-322 210 92714
USA/Canada Toll Free No.1-855-465-4651