Truck Telematics Market Size, Industry is growing at 21.6% CAGR to 2023

Truck Telematics Market


Telematics is a combination of the words telecommunications and informatics. Telematics, in a broad sense, is any integrated use of telecommunications with information and communications technology. It is the technology of sending, receiving and storing information relating to remote objects – like vehicles – via telecommunication devices.

Truck telematics is a way of monitoring the location, movement, status and behavior of a vehicle within a fleet. This is achieved through a combination of a GPS receiver and an electronic GSM device that is installed in each vehicle, which then communicates with the user and web-based software.

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Over the next five years, Truck Telematics will register a 21.6% CAGR in terms of revenue, reach US$ 1290 million by 2023, from US$ 400 million in 2017.

Major Players in Truck Telematics market are: Trimble, Wabco, Continental, CalAmp, Delphi, Bosch, GEOTAB, Automatic, Actsoft, Telic, Mojio, Xirgo Technologies, e6gps, Hirain Technologies.

Major Regions play vital role in Truck Telematics market are: Americas, APAC, Europe, Middle East & Africa.

Research Framework

Truck telematics is mainly composed of three parts: terminal (hardware), software (mobile Hardwired Install Telematics APP, Client PC) and cloud platform.There are mainly two type product of truck telematics market: plug and play telematics and hardwired install telematics. Plug and play telematics accounts the largest proportion and will has faster growing rate.

Geographically, the global truck telematics market has been segmented into North America, Europe, Asia-Pacific, Middle East and Africa The North America held the largest share in the global truck telematics products market, its revenue of global market exceeds 34% in 2016. The next is Europe and Asia-Pacific.

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Scope of the Report:

Global Truck Telematics Market: Type Outlook: Plug and Play Telematics, Hardwired Install Telematics.

Global Truck Telematics Market: Application Outlook: Light Truck, Heavy Truck.

Reasons to Purchase this Report:

1.The report analyses how the stringent emission control norms will drive the global Truck Telematics.

2.Analyzing various perspectives of the market with the help of Porters five forces analysis.

3.Study on the product type that is expected to dominate the Truck Telematics.

4.Study on the regions that are expected to witness fastest growth during the forecast period.

5.Identify the latest developments, market shares and strategies employed by the major players of Truck Telematics.

6.To obtain research based business decision and add weight to presentations and marketing material and also gain competitive knowledge of leading players.

This research report is an exhaustive study of the Truck Telematics market report 2018, which attempts to present a clear picture of the key factors that shape this market to the readers. The assessments of a number of market segments, distinguished on the basis of the products, their applications, and the geographies, comes under the scope of this research study.

For studying the report in a detailed yet brief manner have a look at the parts used in the Truck Telematics Market report:

PART 01: Truck Telematics Executive Summary

PART 02: Scope of The Report

PART 03: Research Methodology

PART 04: Market Landscape

PART 05: Market Sizing

PART 06: Five Forces Analysis

PART 07: Market Segmentation by Product

PART 08: Customer Landscape

PART 09: Regional Landscape and many more

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