Market Overview:
The global commercial connected vehicles market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for connected vehicles from both consumer and enterprise applications. Additionally, the increasing focus on safety and security is also driving the growth of this market. The global commercial connected vehicles market can be segmented by type into light commercial vehicles (LCVs) and other types of vehicles. The LCV segment is expected to account for a major share of the global commercial connected vehicles market during the forecast period owing to their high adoption rate across various industries. The global commercial connected vehicles market can also be segmented by application into consumer and enterprise applications.
Product Definition:
Commercial Connected Vehicles are vehicles that are used for business purposes. They can be used to transport goods, passengers, or equipment. Commercial Connected Vehicles can also be used for deliveries or service calls.
LCVs:
LCVs are low-speed vehicles, which can be used for the transportation of goods and passengers. They are autonomous or semi-autonomous connected trucks, vans or buses that allow companies to track their freight in real time and reduce overall operating costs by up to 50%. LCVs use wireless technologies such as Bluetooth and cellular networks for data transfer.
Others:
Others is the data that is not accounted for in the vehicle’s main systems. The Others segment includes infotainment, telematics and navigation, advanced driver assistance system (ADAS), body- temperature sensors, tire pressure monitoring system (TPMS) and other miscellaneous functions. ADAS has gained popularity due to its safety features such as lane departure warning and collision avoidance braking system which helps avoid or reduce a possible accident situation.
Application Insights:
The consumer application segment accounted for the largest revenue share of over 70% in 2017. The growing adoption of these vehicles in urban areas particularly in major countries such as Germany, China, and Japan on account of high ownership rates is expected to drive the growth. Moreover, government initiatives to promote electric vehicle usage such as ¢â‚¬Å“Tax-Incentive Electric Vehicle (TEV) Program¢â‚¬ are expected to increase LCV sales over the forecast period.
Enterprise application accounted for a significant share owing to increasing deployment at corporate offices and public places where there is a need for large vehicles with high capacity tires. These trucks can be used both by private companies as well as public utility companies that provide logistics and transportation services within cities across various regions globally including North America, Europe, Asia Pacific and Middle East & Africa.
Regional Analysis:
The North American region dominated the global market in terms of revenue share in 2017. The growth can be attributed to the presence of prominent players such as Ford, GM, and Tesla Motors. These companies are actively engaged in deploying connected vehicle solutions for commercial use. For instance, GM has developed a fleet management system that enables businesses to track their vehicles’ locations and usage patterns over time.
Growth Factors:
- Increasing demand for commercial vehicles from the logistics and transportation sector
- Proliferation of connected vehicle technologies across different vehicle segments
- Growing demand for fleet management and telematics services
- Rising number of public-private partnerships to develop smart cities
- Increasing focus on environment-friendly transport solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Connected Vehicles Market Research Report
By Type
LCVs, Others
By Application
Consumer, Enterprise
By Companies
Airbiquity, ATandT, Cisco Jasper, Ctrack, KORE Wireless, Mojio, MiX Telematics, Octo Telematics, Tech Mahindra, Verizon, Airbiquity, WirelessCar
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
215
Number of Tables & Figures
151
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Connected Vehicles Market Report Segments:
The global Commercial Connected Vehicles market is segmented on the basis of:
Types
LCVs, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Consumer, Enterprise
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Airbiquity
- ATandT
- Cisco Jasper
- Ctrack
- KORE Wireless
- Mojio
- MiX Telematics
- Octo Telematics
- Tech Mahindra
- Verizon
- Airbiquity
- WirelessCar
Highlights of The Commercial Connected Vehicles Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- LCVs
- Others
- By Application:
- Consumer
- Enterprise
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Commercial Connected Vehicles Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Commercial connected vehicles are autonomous and electric vehicles that are used for commercial purposes, such as delivery, logistics, or ride-sharing.
Some of the major players in the commercial connected vehicles market are Airbiquity, ATandT, Cisco Jasper, Ctrack, KORE Wireless, Mojio, MiX Telematics, Octo Telematics, Tech Mahindra, Verizon, Airbiquity, WirelessCar.
The commercial connected vehicles market is expected to register a CAGR of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Commercial Connected Vehicles Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Commercial Connected Vehicles Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Commercial Connected Vehicles Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Commercial Connected Vehicles Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Commercial Connected Vehicles Market Size & Forecast, 2020-2028
4.5.1 Commercial Connected Vehicles Market Size and Y-o-Y Growth
4.5.2 Commercial Connected Vehicles Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 LCVs
5.2.2 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Consumer
6.2.2 Enterprise
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Connected Vehicles Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Commercial Connected Vehicles Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 LCVs
9.6.2 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Consumer
9.10.2 Enterprise
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 LCVs
10.6.2 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Consumer
10.10.2 Enterprise
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 LCVs
11.6.2 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Consumer
11.10.2 Enterprise
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 LCVs
12.6.2 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Consumer
12.10.2 Enterprise
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 LCVs
13.6.2 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Consumer
13.10.2 Enterprise
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Commercial Connected Vehicles Market: Competitive Dashboard
14.2 Global Commercial Connected Vehicles Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Airbiquity
14.3.2 ATandT
14.3.3 Cisco Jasper
14.3.4 Ctrack
14.3.5 KORE Wireless
14.3.6 Mojio
14.3.7 MiX Telematics
14.3.8 Octo Telematics
14.3.9 Tech Mahindra
14.3.10 Verizon
14.3.11 Airbiquity
14.3.12 WirelessCar
