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Commercial Automotive Telematics Market Research Report - Segmentation By Market Offering Type (Automotive OEM’s, Aftermarket); Vehicle Type (Passenger Vehicles, Commercial Vehicles); Device Type (Hardwired, Plug and Play, Smartphone Based); Component (Telematics Control Unit, Navigation System, Communication Devices, Audio/Video Interface, CAN Bus, Others); Services (Safety and Security Services, Entertainment Services, Information & Navigation Systems, Fleet Management Systems, Insurance Risk Assessment, Emergency Notification Services, Remote Diagnostics, Billing Services, Others); Geography (North America, Europe, Asia Pacific, Rest of the World) - Size, Share, Trends, COVID-19 Impact and Growth Analysis Report - Industry Forecast (2022 to 2027)

Commercial Automotive Telematics Market Size (2022 - 2027)

The global commercial automotive telematics market is expected to reach a value of $XX USD million by 2027 from $XX USD million in 2022 with a CAGR of XX% during the forecast period 2022-2027. 

Vehicle telematics is a combination of information technology and telecommunications. The system is used to monitor the locations and movements of the vehicle with the support of diagnostic systems and GPS. 

Telematics provides services like safety, security, and navigation to the vehicle. Automobile insurance companies, fleet management companies make use of telematics to identify the vehicle location and behavior of the vehicle. Commercial automotive telematics is used for tracking and maintaining the vehicle along with the safety of the passengers. For example, the Federal Motor Carrier Safety Administration (FMCSA)made necessary the installation of electronic logging device (ELD) among the commercial vehicles, in the U.S. 

COVID-19 Impact on Commercial Automotive Telematics Market

The recent outbreak of novel coronavirus (COVID-19) has spread across the globe affecting millions of people and severely affecting all the business sectors primarily the automotive industry. The automotive telematics industry is directly connected with the transportation and logistics industry. Since the beginning of complete lockdown, manufacturing and sales of vehicles have come to an end due to the wide expanse of COVID-19. Automotive companies are framing research and development investments and CAPEX planned targeted portfolio in the present COVID-19. 

Market Drivers 

The rising adoption of NGTP boost the market growth 

The Next-Generation Telematics Protocol (NGTP) is a telematics protocol that was developed by the Telematics Service Providers (TSP), providing end-to-end telematics services to passengers, drivers, and vehicles. Moreover, NGTP allows the customers to access new services without adjusting any technical systems inside the vehicle. The factor helps the OEMs to deliver new services, boosting the commercial automotive telematics market growth during the forecast period. 

In countries like India and China, the demand for connected vehicles like cars is surging, and growth in the adoption of telematics in the insurance sector are some factors propelling the commercial automotive telematics market growth.

Market Restrains

High cost of maintenance and installation

The cost for installing and maintaining telematics like GPS and other telecom services hinders the commercial automotive services market growth.  Less knowledge about telematics and privacy issues restrain the commercial automotive telematics market.

Cyber threat diminishes market growth

The increasing risk of cyber hackers acquiring the data system in the vehicle along with prohibited access to connectivity solutions in vehicles curbs the commercial automotive telematics market growth.

Segment Analysis

The recent research report on the global automotive telematics market has been segmented and sub-segmented based on market offering type, vehicle type, device type, component, and services.

Global Commercial Automotive Telematics Market - By Market Offering Type

•    Automotive OEM’s
•    Aftermarket

By market, the aftermarket segment is accounted to hold the largest share in the commercial automotive telematics market throughout the timeline period. 

Automotive OEM's segment is expected to witness significant growth over the next upcoming years. The segment growth in commercial automotive telematics is due to growing partnerships in the telematics service providers and automobile manufacturers. 

Global Commercial Automotive Telematics Market - By Vehicle Type

•    Passenger Vehicles
•    Commercial Vehicle

The commercial vehicle by vehicle segment is expected to dominate the commercial automotive telematics market. 

Global Commercial Automotive Telematics Market - By Device Type

•    Hardwired
•    Plug and Play
•    Smartphone-Based

By device, the smartphone-based segment is accounted to hold the largest share in the commercial automotive telematics market. With telematics, smartphones can be easily connected to vehicles. In 2016, Honda, BMW, and Yamaha together found CMS (Connected Motorcycle Consortium) to launch a new technology for motorcycles to allow safety on roads through connectivity and communication. 

Global Commercial Automotive Telematics Market - By Component

•    Telematics Control Unit
•    Navigation System
•    Communication Devices
•    Audio/Video Interface
•    CAN Bus
•    Others

By component, the telematics control unit segment has an exponential growth in the commercial automotive telematics market growth during the forecast period. 

Global Commercial Automotive Telematics Market - By Services

•    Safety and Security Services
•    Entertainment Services
•    Information & Navigation Systems
•    Fleet Management Systems
•    Insurance Risk Assessment
•    Emergency Notification Services
•    Remote Diagnostics
•    Billing Services
•    Others

Fleet management systems serve the service segment in the commercial automotive telematics market. The segment for industrial vehicles is projected to hold the maximum share in the market. 

Regional Analysis

North America dominates the commercial automotive telematics market. The market in the region is developing at a prominent growth rate and with a CAGR of 18.0% during the historical period. The U.S and Canada are mainly concentrating on the commercial automotive telematics market. The United States is leading the region with the highest share in the market. The growth is due to the rising occurrences of vehicle robbery is one factor driving the commercial automotive telematics market forward. Canadian commercial automotive telematics market is witnessing quick growth over the forecast period. For example, in Canada, the Mojio Organization provides combined hardware and software acting as a Wi-Fi hotspot for commercial vehicles drivers to know their vehicle location and provides information about the continuous mechanical problems the vehicle is undergoing. 

European commercial automotive telematics is scheduled to grow with a significant growth rate during the historical period. The approval for the telematics system resulted in favorable mandates and government initiatives like Europe's E-Call initiative to install an automatic emergency call device. Countries like the UK, France, Italy, and the Rest of Europe form the commercial automotive telematics market growth. 

Asia-Pacific exhibits quick growth in the commercial automotive telematics market growth with fast development and early adoption of telematics solutions. China, India, and Japan contribute a major share of the commercial automotive telematics market. For instance, in 2018, as per the Automotive Industry Standard, the Indian government made it necessary to supply vehicle tracking devices in all commercial vehicles for every vehicle that is a six-seater capacity. China holds the largest share in the automotive components sector due to quick adoption in APAC automotive telematics market. 

The commercial automotive telematics market in both Latin America, and the Middle East & African regions are anticipated to have a constant and slow growth rate during the historical period. 

Commercial Automotive Telematics Market - By Company

Major market players involved in the Global Commercial Automotive Telematics Market include:
•    Fleetmatics
•    Qualcomm
•    Intel
•    CalAmp Corp
•    Astrata Group
•    Masternaut
•    Descartes
•    Verizon
•    Omnitracs
•    Trimble Inc.
•    Zonar Systems

Recent Happenings in the Commercial Automotive Telematics Market

•    On January 26, 2022, Qualcomm's goal is to integrate auto systems and extend AG. Qualcomm decided to expand its partnership with General Motors and unites with Amazon's Alexa.
•    In February 2017, Octo Telematics united with GuideWire Software Inc, as a solution partner. 
•    In May 2017, TomTom Telematics partnered with OBS Logistics to design a new vehicle checking solution for resistance and logistic operations. The solution helps the drivers in providing appropriate information and Vehicle Standard Agency (DVSA) and Fleet Operator Recognition Scheme (FORS). 
•    In March 2022, Ford revealed the launch of a new connected uptime system, Ford Live. The system has been designed to support the Ford vehicle operators to upgrade their productivity by increasing vehicle uptime and maintain their vehicles by decreasing the number of breakdowns.
•    In October 2022, Airbiquity launched a new tool, the OTAmatic vehicle configurator. The tool is designed to define and manage connected vehicle software.
•    In July 2022, Verizon Coommunications Inc. introduced Inseego 5G MiFi M1000 in the U.S. Inseego's 
•    MiFi device ll be available to the Verizon customers as the device will be connected to 5G ultra-wideband network. 

Commercial Automotive Telematics Market - Forecast (2021 - 2026)

Chapter 1. Commercial Automotive Telematics Market  – Scope & Methodology

1.1. Market Segmentation

1.2. Assumptions

1.3. Research Methodology

1.4. Primary Sources

1.5. Secondary Sources

Chapter 2. Commercial Automotive Telematics Market  – Executive Summary

2.1. Market Size & Forecast – (2021 – 2026) ($M/$Bn)

2.2. Key Trends & Insights

2.3. COVID-19 Impact Analysis

                2.3.1. Impact during 2021 - 2026

                2.3.2. Impact on Supply – Demand

                2.3.3. Impact on Production Cost

                2.3.4. Impact on Supply Chain

Chapter 3. Commercial Automotive Telematics Market  – Competition Scenario

3.1. Market Share Analysis

3.2. Product Benchmarking

3.3. Competitive Strategy & Development Scenario

3.4. Competitive Pricing Analysis

3.5. Supplier - Distributor Analysis

Chapter 4. Commercial Automotive Telematics Market  Entry Scenario

4.1. Case Studies – Start-up/Thriving Companies

4.2. Regulatory Scenario - By Region

4.3  Customer Analysis

4.4. Porters Five Force Model

                4.4.1. Bargaining Power of Suppliers

                4.4.2. Bargaining Powers of Customers

                4.4.3. Threat of New Entrants

                4.4.4. Rivalry among Existing Players

                4.4.5. Threat of Substitutes

Chapter 5. Commercial Automotive Telematics Market  - Landscape

5.1. Value Chain Analysis – Key Stakeholders Impact Analysis

5.2. Market Drivers

5.3. Market Restraints/Challenges

5.4. Market Opportunities

Chapter 6. Commercial Automotive Telematics Market – By Market Offering Type

6.1. Automotive OEM’s

6.2. Aftermarket

Chapter 7. Commercial Automotive Telematics Market  – By Vehicle Type

7.1. Passenger Vehicles

7.2. Commercial Vehicles

Chapter 8. Commercial Automotive Telematics Market  – By Device Type

8.1. Hardwired

8.2. Plug and Play

8.3. Smartphone Based

Chapter 9. Commercial Automotive Telematics Market  – By Component

9.1. Telematics Control Unit

9.2. Navigation System

9.3. Communication Devices

9.4. Audio/Video Interface

9.5. CAN Bus

9.6. Others

Chapter 10. Commercial Automotive Telematics Market  - Services

10.1. Safety and Security Services

10.2. Entertainment Services

10.3. Information & Navigation Systems

10.4. Fleet Management Systems

10.5. Insurance Risk Assessment

10.6. Emergency Notification Services

10.7. Remote Diagnostics

10.8. Billing Services

10.9. Others

Chapter 11. Commercial Automotive Telematics Market , By Geography – Market Size, Forecast, Trends & Insights

11.1. North America

                11.1.1. U.S.A

                11.1.2. Canada

                11.1.3. Mexico

11.2. Europe

                11.2.1. Italy

                11.2.2. Spain

                11.2.3. Russia

                11.2.4. Germany

                11.2.5. UK

                11.2.6. France

                11.2.7. Rest of Europe

11.3. Asia Pacific

                11.3.1. Japan

                11.3.2. South Korea

                11.3.3. China

                11.3.4. India

                11.3.5. Australia & New Zealand

                11.3.6. Rest of Asia-Pacific

11.4. Rest of the World

                11.4.1. Middle East

                11.4.2. Africa

                11.4.3. South America

Chapter 12. Commercial Automotive Telematics Market  – Company Profiles – (Overview, Product Portfolio, Financials, Developments)

12.1. Company 1

12.2. Company 2

12.3. Company 3

12.4. Company 4

12.5. Company 5

12.6. Company 6

12.7. Company 7

12.8. Company 8

12.9. Company 9

12.10. Company 10

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