Increasing Adoption of Driver Assistance Systems to Boost the Market Growth | Technavio

LONDON--Technavio has been monitoring the commercial telematics market and it is poised to grow by USD 23.15 billion during 2020-2024, progressing at a CAGR of almost 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Frequently Asked Questions-

Based on segmentation by product, which is the leading segment in the market?

The solutions segment is expected to be the leading segment in the global market during the forecast period.

What are the major trends in the market?

Growth of embedded telematics solutions is one of the major trends in the market.

At what rate is the market projected to grow?

Growing at a CAGR of almost 10%, the incremental growth of the market is anticipated to be USD 23.15 billion.

Who are the top players in the market?

Bridgestone Corp., Continental AG, General Motors Co., Geotab Inc., Omnitracs LLC, Trimble Inc., Verizon Communications Inc., Visteon Corp., Volkswagen Group, and Volvo Group are some of the major market participants.

What are the key market drivers and challenges?

Increasing adoption of driver assistance systems is one of the major factors driving the market. However, the fleet tracking prices restraints the market growth.

How big is the North America market?

The North America region will contribute 31% of market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Bridgestone Corp., Continental AG, General Motors Co., Geotab Inc., Omnitracs LLC, Trimble Inc., Verizon Communications Inc., Visteon Corp., Volkswagen Group, and Volvo Group are some of the major market participants. The increasing adoption of driver assistance systems will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Commercial Telematics Market 2020-2024: Segmentation

Commercial Telematics Market is segmented as below:

Product
- Solutions
- Services
Platform
- Embedded Systems
- Tethered Systems
- Smartphone Integration Systems
Geographic Landscape
- APAC
- Europe
- MEA

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Commercial Telematics Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The commercial telematics market report covers the following areas:

Commercial Telematics Market Size
Commercial Telematics Market Trends
Commercial Telematics Market Analysis

This study identifies the growth of embedded telematics solutions as one of the prime reasons driving the commercial telematics market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Commercial Telematics Market 2020-2024: Key Highlights

CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist commercial telematics market growth during the next five years
Estimation of the commercial telematics market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the commercial telematics market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of commercial telematics market vendors

Table of Contents:

Executive Summary

Market Overview

Market Landscape

Market ecosystem
Value chain analysis

Market Sizing

Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

Market Segmentation by Product

Market segments
Comparison by Product placement
Solutions - Market size and forecast 2019-2024
Services - Market size and forecast 2019-2024
Market opportunity by Product

Market Segmentation by Platform

Market segments
Comparison by Platform placement
Embedded systems - Market size and forecast 2019-2024
Tethered systems - Market size and forecast 2019-2024
Smartphone integration systems - Market size and forecast 2019-2024
Market opportunity by Platform

Customer landscape

Overview

Geographic Landscape

Geographic segmentation
Geographic comparison
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography

Drivers, Challenges, and Trends

Market drivers
Volume driver - Demand led growth
Volume driver - Supply led growth
Volume driver - External factors
Volume driver - Demand shift in adjacent markets
Price driver - Inflation
Price driver - Shift from lower to higher-priced units
Market challenges
Market trends

Vendor Landscape

Overview
Landscape disruption
Vendor Analysis

Vendors covered

Market positioning of vendors
Bridgestone Corp.
Continental AG
General Motors Co.
Geotab Inc.
Omnitracs LLC
Trimble Inc.
Verizon Communications Inc.
Visteon Corp.
Volkswagen Group
Volvo Group

Appendix

Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations