Commercial Telematics Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The Commercial Telematics Market is projected to reach $144,440.7 million by 2028, registering a CAGR of 13% from 2022 to 2028. Commercial telematics refers to technological solutions used for long-distance information transmission in commercial vehicles. It is used to track vehicle diagnostics by monitoring the vehicle’s location and movement through the Global Positioning System (GPS) and onboard diagnostic systems. It is also used to monitor trailers and non-motorized assets and alert fleet managers in case of unauthorized movement. In addition to this, commercial telematics provides insurance risk assessment, maintenance insight, and safety tracking. Insurance providers can use this technology to monitor driver behavior to determine risk factors and adjust insurance policies accordingly.

Company Profile

Some of the key players being AirIQ Inc., Bridgestone Corporation, General Motors Company, Geotab Inc., Masternaut Limited. (Michelin), Mix Telematics International (Pty) Ltd., Octo Telematics, Omnitracs LLC, Trimble Inc., Verizon Communications Inc., and Zonar Systems Inc. (Continental AG).

Market Segmentation

By Solution Type

• OEM
• Aftermarket

By Application

• Solutions
• Services

By End-user

• Transportation and Logistics
• Insurance
• Healthcare
• Media & Entertainment
• Vehicle Manufacturers/Dealers
• Government Agencies

Scope of the Report

The research study analyzes the Commercial Telematics Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Commercial Telematics Market Report

1. What was the Commercial Telematics Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Commercial Telematics Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Commercial Telematics Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.