Future of CV (Commercial Vehicle) Telematics Market – Global Forecast to 2030
The global commercial vehicle telematics market size is projected to grow from USD 5.4 Billion in 2024 to USD 12.8 Billion by 2030, at a CAGR of 15.2%.
世界の商用車テレマティクス市場規模は、2024 年の 54 億米ドルから 2030 年までに 128 億米ドルまで、CAGR 15.2% で成長すると予測されています。
Growth in the commercial vehicle telematics market is mainly driven due to regulations focus on driver safety and real-time monitoring of light-duty vehicles. The growing demand for improved and reliable fleet management solutions with e-commerce & logistics giant is increasing, resulting in the adoption of latest telematics system which helps to deliver higher degrees of vehicle connectivity. Additionally, the drive for sustainability and carbon footprint reduction creates a demand to utilize telematics over their usage to enhance fuel efficiency and bring down greenhouse gas emissions.
The report provides insights on the following pointers:
- Analysis of key drivers (Rising demand for efficient fleet management, Emphasis on fuel efficiency and reducing vehicle downtime, Rapid advancements in telematics technology, Regulatory mandates and compliance requirements), restraints (Dependance on commercial vehicle demand fluctuations, Data privacy concerns), opportunities (Merger of V2X communication and autonomous driving, Integration of advanced analytics, GenAI, and smart city infrastructure with telematics, Growth of logistics and transportation sectors), and challenges (User acceptance and training issues, Lack of standardization) influencing the growth of the commercial vehicle telematics market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the commercial vehicle telematics market.
- Market Development: Comprehensive information about lucrative markets – the report analyses the commercial vehicle telematics market across varied regions.
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the commercial vehicle telematics market.
- Competitive Assessment: In-depth assessment of market ranking, growth strategies, and service offerings of leading players like Verizon (US), Geotab Inc. (Canada), Samsara Inc. (US), MiX by Powerfleet (US), Omnitracs (US), and Teletrac Navman US Ltd. (US) among others in the commercial vehicle telematics market.
- Strategies: The report also helps stakeholders understand the pulse of the commercial vehicle telematics market and provides them with information on key market drivers, restraints, challenges, and opportunities.