Commercial Telematic Market: Future Growth and Opportunities 2028

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Commercial Telematic Market Industry Size and
Share Expected to Grow Rapidly by 2028
Telematics uses a wireless network to provide
information generated from automobiles utilized
in the automotive industry, according to the
TechSci Research report "Global Commercial
Telematic Market- Industry Size, Share, Trends,
Competition, Opportunity and Forecast,
2018-2028F". Telematics insurance helps
individuals become better drivers by providing
information, while telemetry in the healthcare
sector simply gives acquired data and sensor
information. Mercedes- Benz, Citroen, BMW,
Vauxhall, and Peugeot all incorporate telematics
as a standard feature in their vehicles.
Telematics aids in gathering data such as
driving habits, vehicle location, activity, and
engine diagnostics, which is then visualized on
software that aids in fleet operating
management. Fleet management businesses, auto
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insurance providers, and others use telematics to
track the whereabouts and driving habits of
their fleets of vehicles, and it makes use of
GPS technology to assist in tracking vehicle
speed. Browse more than XX market data Figures
spread through XX Pages and an in-depth TOC on
"Global Commercial Telematics Market" -
https//www.techsciresearch.com/report/commercial-
telematics- market/14251.html Segmentation of
the Global Commercial Telematic Market can be
done based on solution, application type,
end-user, region, and company. As of 2021,
services dominate the market in terms of
application type, but it is expected that
solutions will gain a decent share in the coming
year. Automotive manufacturers in Europe have
observed that the service segment generates most
of the revenue in the commercial telematics
market. Telematics offers various services such
as real-time communication, software for vehicle
maintenance and safety monitoring, and detection
of harsh acceleration or braking. All these
services have been generating high amount for the
telematics companies and due to this commercial
vehicle manufacturing company are installing
telematics sensors at higher rate. Europe
currently holds the highest market share in the
regional segment of the commercial telematic
market, and it is expected to continue growing
in the forecasted year. In several European
countries, it is mandatory to install the
112-based eCall in-vehicle alarm system in all
new commercial vehicles and passenger cars,
which has resulted in the installation of around
8.1 million units in commercial vehicles in 2022
alone. The forecasted year 2028F is
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expected to see an increase in the installation
of about 15.04 million units in commercial
vehicles. The demand for technology that
facilitates online diagnostic, navigation, and
safety has led to the expansion of the market
for commercial and passenger vehicles. The key
forces driving vehicle telematics include
European Union legislation, local policy
regulations, the rise in automotive vehicle
production, and narrow profits in the
transportation sector. Telematics technology has
become increasingly popular and widespread due
to the growing variety of telematics products and
services, as well as focused government
regulations and industry- specific
guidelines. In the end-user segment, the
transport and logistics has the highest market
share among the other segments. The telematics
companies have generated higher revenue from
various end user such as healthcare, media
entertainment, vehicle manufactures/dealers,
etc. All these users have helped the telematics
and automotive industry to grow a decent revenue
from this user. In various countries across the
globe, commercial vehicles are mostly used by
these end users and by the help of telematics in
the vehicle owners can find it easy to drive. By
seeing the demand from these end user commercial
telematics market, it is anticipated to grow in
the coming years. One the main restriction for
the global commercial telematics market is that
the high installation cost in the commercial
vehicles as the fleet size of the vehicles
across the various countries are higher as the
cost associated with the system, such as,
maintenance, installation, and recurring
subscription charges, among others, may vary and
would become unaffordable for small businesses to
implement. This high installation cost may
restrict the adoption of
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• telematics among the vehicle owner in many
  countries.
• Some of the major players operating in the global
  commercial telematics market include
• AirIQ Inc
• TomTom Telematics BV
• Trimble Inc
• WirelessCar AB
• Verizon Communications Inc
• OCTO Telematics S.p.A
• GeoTab Inc
• Mix Telematics International (Pty) Ltd
• Google Inc
• Omnitracs LLC
• Download Free Sample Report - https//www.techsci
  research.com/sample-report.aspx?cid14251
• Customers can also request for 10 free
  customization on this report.
• Many companies are investing in research and
  development of telematics, which will introduce
  the electric commercial vehicle with telematics
  that will meet the demand of the buyers in the
  market, also many companies are focusing to make
  the product cost effective for the commercial
  vehicle users. In many countries the adoption of
  telematics has increased as the purchasing power
  of the vehicle owners are increasing and they
  are willing to pay more for their

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safety."said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based global
management consulting firm. Commercial
Telematics Market Global Industry Size, Share,
Trends, Opportunity, and Forecast, 2018-2028F
Segmented By Solution (OEM, Aftermarket), By
Application (Solutions, Services), By End User
(Transport and Logistics, Insurers, Healthcare,
Media Entertainment, Vehicle
Manufactures/dealers, Government Agencies), By
Region, Competition has evaluated the future
growth potential of global Commercial Telematic
Market and provides statistics information on
market size, structure, and future market
growth. The report intends to provide
cutting-edge market intelligence and help
decision makers take sound investment decisions.
Besides, the report also identifies and analyzes
the emerging trends along with essential
drivers, challenges, and opportunities in the
Global Commercial Telematic Market. About
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