Market Overview:
The global truck telematics market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for fleet management and safety solutions among commercial vehicle owners. Truck telematics is a system that enables real-time tracking and monitoring of commercial vehicles, which helps fleet managers improve their operations by reducing fuel costs, improving safety, and optimizing routes. The truck telematics market can be segmented on the basis of type into plug-and-play telematics, hardwired install telematics, and truck telematic. Plug-and-play Telematics are systems that can be installed without any wiring or modifications to the vehicle’s electrical system. Hardwired Install Telematics are systems that require installation by qualified professionals in order to function properly. Truck Telematic is a term used for advanced systems that provide features such as predictive maintenance, remote diagnostics, driver coaching etc.
Product Definition:
Truck Telematics is a technology that uses sensors and GPS tracking to monitor the location and performance of commercial trucks. This information can be used to improve fuel efficiency, optimize routes, and reduce truck downtime. Truck telematics is important because it helps businesses save money by improving operational efficiency.
Plug and Play Telematics:
Plug and play telematics is a system that enables the connection of an aftermarket radio to a vehicle's on-board diagnostics (OBD) port. The term was first used in the automotive industry for aftermarket add-on devices that enabled owners to use mobile phones with car infotainment systems.
Hardwired Install Telematics:
Hardwired install telematics is a method of installing vehicle safety and security systems without using any cables. It uses radio frequency identification to operate. The main objective of this system is to provide better connectivity between the vehicle and the outside world, which includes other vehicles, road signs, traffic signals and pedestrians. This technology has been gaining popularity in developed countries due to stringent government regulations about driver safety and security concerns.
Application Insights:
The light truck application segment dominated the global market in 2017. The growth of this segment can be attributed to the growing demand for commercial vehicles, such as mini trucks, delivery vans and passenger van among others. Furthermore, increasing penetration of telematics systems in light trucks is expected to drive the overall industry growth over the forecast period.
The heavy truck application segment is expected to witness significant growth over the forecast period owing to rising demand from countries such as India and China among others.
Regional Analysis:
The North American region dominated the global truck telematics market in 2017. The growth of this regional market can be attributed to the presence of a large number of players operating in this region, along with technological advancements and high demand for efficient transportation services. Furthermore, rising cases of accidents have led governments across North America to increase investment in safety initiatives such as driver distraction mitigation systems and advanced vehicle technologies for enhanced road safety.
The Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period owing to increasing government mandates pertaining to fuel economy improvement and emission control standards coupled with growing awareness about maintaining vehicular security are some major factors driving industry growth across this region.
Growth Factors:
- Increasing demand for freight transportation and logistics services
- Rising number of on-road commercial vehicles
- Proliferation of advanced telematics technologies
- Stringent government regulations for safety and security of goods transport
- Growing trend of fleet management outsourcing
Scope Of The Report
Report Attributes
Report Details
Report Title
Truck Telematics Market Research Report
By Type
Plug and Play Telematics, Hardwired Install Telematics, Truck Telematic
By Application
Light Truck, Heavy Truck
By Companies
Trimble, Wabco, Continental, CalAmp, Delphi, Bosch, GEOTAB, Automatic, Actsoft, Telic, Mojio, Xirgo Technologies, e6gps, Hirain Technologies, Truck Telematic
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Truck Telematics Market Report Segments:
The global Truck Telematics market is segmented on the basis of:
Types
Plug and Play Telematics, Hardwired Install Telematics, Truck Telematic
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
Light Truck, Heavy Truck
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:
- Trimble
- Wabco
- Continental
- CalAmp
- Delphi
- Bosch
- GEOTAB
- Automatic
- Actsoft
- Telic
- Mojio
- Xirgo Technologies
- e6gps
- Hirain Technologies
- Truck Telematic
Highlights of The Truck Telematics 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:
- Plug and Play Telematics
- Hardwired Install Telematics
- Truck Telematic
- By Application:
- Light Truck
- Heavy Truck
- 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 Truck Telematics 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.
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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?
Truck telematics is a technology that allows truck drivers to communicate with their trucks remotely. This can include things like receiving alerts about maintenance needs, getting information about the status of the trucku2019s engine, and even being able to control the vehicleu2019s navigation system. Truck telematics can help improve safety and efficiency for both drivers and companies who rely on them.
Some of the major companies in the truck telematics market are Trimble, Wabco, Continental, CalAmp, Delphi, Bosch, GEOTAB, Automatic, Actsoft, Telic, Mojio, Xirgo Technologies, e6gps, Hirain Technologies, Truck Telematic.
The truck telematics market is expected to register a CAGR of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Truck Telematics Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Truck Telematics Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Truck Telematics Market - Supply Chain
4.5. Global Truck Telematics Market Forecast
4.5.1. Truck Telematics Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Truck Telematics Market Size (000 Units) and Y-o-Y Growth
4.5.3. Truck Telematics Market Absolute $ Opportunity
5. Global Truck Telematics Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Truck Telematics Market Size and Volume Forecast by Type
5.3.1. Plug and Play Telematics
5.3.2. Hardwired Install Telematics
5.3.3. Truck Telematic
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Truck Telematics Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Truck Telematics Market Size and Volume Forecast by Application
6.3.1. Light Truck
6.3.2. Heavy Truck
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Truck Telematics Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Truck Telematics Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Truck Telematics Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Truck Telematics Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Truck Telematics Demand Share Forecast, 2019-2026
9. North America Truck Telematics Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Truck Telematics Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Truck Telematics Market Size and Volume Forecast by Application
9.4.1. Light Truck
9.4.2. Heavy Truck
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Truck Telematics Market Size and Volume Forecast by Type
9.7.1. Plug and Play Telematics
9.7.2. Hardwired Install Telematics
9.7.3. Truck Telematic
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Truck Telematics Demand Share Forecast, 2019-2026
10. Latin America Truck Telematics Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Truck Telematics Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Truck Telematics Market Size and Volume Forecast by Application
10.4.1. Light Truck
10.4.2. Heavy Truck
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Truck Telematics Market Size and Volume Forecast by Type
10.7.1. Plug and Play Telematics
10.7.2. Hardwired Install Telematics
10.7.3. Truck Telematic
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Truck Telematics Demand Share Forecast, 2019-2026
11. Europe Truck Telematics Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Truck Telematics Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Truck Telematics Market Size and Volume Forecast by Application
11.4.1. Light Truck
11.4.2. Heavy Truck
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Truck Telematics Market Size and Volume Forecast by Type
11.7.1. Plug and Play Telematics
11.7.2. Hardwired Install Telematics
11.7.3. Truck Telematic
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Tpe
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Truck Telematics Demand Share, 2019-2026
12. Asia Pacific Truck Telematics Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Truck Telematics Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Truck Telematics Market Size and Volume Forecast by Application
12.4.1. Light Truck
12.4.2. Heavy Truck
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Truck Telematics Market Size and Volume Forecast by Type
12.7.1. Plug and Play Telematics
12.7.2. Hardwired Install Telematics
12.7.3. Truck Telematic
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Truck Telematics Demand Share, 2019-2026
13. Middle East & Africa Truck Telematics Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Truck Telematics Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Truck Telematics Market Size and Volume Forecast by Application
13.4.1. Light Truck
13.4.2. Heavy Truck
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Truck Telematics Market Size and Volume Forecast by Type
13.7.1. Plug and Play Telematics
13.7.2. Hardwired Install Telematics
13.7.3. Truck Telematic
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Truck Telematics Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Truck Telematics Market: Market Share Analysis
14.2. Truck Telematics Distributors and Customers
14.3. Truck Telematics Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Trimble
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Wabco
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Continental
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. CalAmp
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Delphi
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Bosch
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. GEOTAB
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Automatic
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Actsoft
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Telic
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Mojio
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Xirgo Technologies
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. e6gps
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Hirain Technologies
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Truck Telematic
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
