The North America Commercial Vehicle Telematics Market Size would witness market growth of 17.3% CAGR during the forecast period (2018-2024). Telematics embraces a wide array of technologies (including GPS trackers, for example) which help with monitoring the various aspects of driving a vehicle. Telematics systems employ GPS technologies to deliver numerous services to drivers; navigation is one of the basic services offered by telematics. Different telecommunication devices send, receive and store information through computer networks. For remote monitoring and controlling of motion objects via navigation systems, the information accessed via the networks is put to use.
Various alert systems provided in vehicles with the help of telematics, inform the drivers about the speed traps, traffic cameras, traffic signals, and permissible speed limit on a certain route. With help of such alerts, the drivers will know well before time, in case of over speeding, route change to avoid jams and so on. Thus, these systems would help the driver to follow traffic rules and regulations and also plan on the most convenient route for reaching the desired destination.
Based on Application, the market is segmented into Solution and Services. Solutions are further segmented into Fleet / Asset Management, Navigation, Infotainment, Insurance, Tele-Health, and Others. Services are further bifurcated into Design & Consulting, Deployment and Maintenance. Based on Deployment type, the market is segmented into Aftermarket and OEM (Original Equipment Manufacturers). Based on End User, the market is segmented into Transportation & Logistics, Insurance, Healthcare, Media & Entertainment, Automotive Industry, and Government Agencies.Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report Verizon communications, AT&T Inc., Ford Motor Company, BMW AG, Robert Bosch GmbH, Valeo S.A, Harman International industries, Vodafone Group Plc., Telefonica S.A, and Continental AG.
Market Segmentation:
By Application
By Deployment Type
By End User
By Country
Companies Profiled
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