Commercial telematics is used in various applications such as fleet/asset management, satellite navigation, infotainment, insurance telematics, telehealth solutions, remote alarm and monitoring, and others (including emergency warning systems and wireless vehicle safety communication). Commercial telematics caters to a number of end-use industries including transportation and logistics, healthcare, construction, government and utilities, insurance, and manufacturing. The global commercial telematics market was valued at USD 14.67 billion in 2013 and is expected to grow at a CAGR of 18.0% during the forecast period 2014 – 2020.
OEM telematics and aftermarket telematics are the two types of commercial telematics. Further, OEM telematics include embedded OEM systems and hybrid OEM systems; and aftermarket telematics include embedded aftermarket telematics and portable aftermarket telematics. OEM telematics are already installed in vehicles by automobile manufacturers whereas aftermarket telematics include solutions that are installed by the users of vehicles post purchase. Increasing partnerships between automobile manufacturers and telematics service providers is driving the market for OEM telematics. Further, government mandates for installations of telematics devices such as GPS devices and satellite navigators in commercial vehicles is also driving the growth of commercial telematics market.
Of the mentioned applications, fleet/asset management is one of the most important applications of commercial telematics. Vehicle tracking, driver behavior analysis, navigation, entertainment, and asset monitoring are some of the functions carried out by commercial telematics solutions. In recent years, vehicle theft rates in countries such as Brazil and the U.S. are increasing, which is leading to the increased adoption of insurance telematics solutions. Furthermore, telematics is finding wide applications in industries such as healthcare, and government and utilities. Japan, Germany, U.S. and China are experiencing significant growth in the commercial telematics market for healthcare applications due to rising investments in technology to upgrade healthcare facilities in these countries. However, high cost incurred in initial installation and by network service providers are some challenges for wide adoption of commercial telematics solutions.
In 2013, North America was the largest market for commercial telematics in terms of revenue. The region has experienced significant adoption of commercial telematics solutions across industries such as transportation and logistics, and government and utilities. This is attributed mainly to high internet penetration in the North American region. Europe is expected to be the fastest growing region owing to the eCall initiative by the European Union. Demand from countries such as Japan, China, India, and Australia is expected to drive the Asia Pacific commercial telematics market in the coming years. Brazil is experiencing very high vehicle theft rate. As per Brazil’s State Department of Public Safety and national traffic department in Rio de Janeiro, everyday 7 or 8 vehicles out of 100,000 are stolen. CONTRAN 245 is an initiative by the Brazilian government for mandatory installation of tracking devices in vehicles sold and manufactured in Brazil.
The global commercial telematics market is led by players such as MiX Telematics Ltd., Omnitracs LLC, Verizon Communications Inc., WirelessCar AB, ORBCOMM Inc., Masternaut Limited, TomTom N.V., Trimble Navigation Limited, and OnStar LLC., among others.
List of Figures
FIG. 1 Market Segmentation: Global Commercial Telematics Market
FIG. 2 Global Commercial Telematics Market, 2012 – 2020, Revenue (USD Billion) and Y-o-Y Growth (%)
FIG. 3 Global Commercial Telematics Market, by Type, 2013 (USD Billion)
FIG. 4 Global OEM Telematics Market, by Type, 2013 (USD Billion)
FIG. 5 Global Aftermarket Telematics Market, by Type, 2013 (USD Billion)
FIG. 6 Global Commercial Telematics Market, by Application, 2013 (USD Billion)
FIG. 7 Global Commercial Telematics Market, by End-use Industry, 2013 (USD Billion)
FIG. 8 Global Commercial Telematics Market, by Geography, 2013 (USD Billion)
FIG. 9 Value Chain Analysis for Commercial Telematics Market
FIG. 1 Porter’s Five Force Analysis: Global Commercial Telematics Market
FIG. 2 Global Commercial Telematics Market Share Analysis, 2013 (% Revenue)
FIG. 3 Global Commercial Telematics Market Attractiveness Analysis
FIG. 4 Comparative Analysis: Global Commercial Telematics Market Revenue, by Type, 2013 & 2020 (Value %)
FIG. 5 Global OEM Telematics Market Revenue, 2012 – 2020 (USD Billion)
FIG. 6 Global Embedded OEM Systems Market Revenue, 2012 – 2020 (USD Billion)
FIG. 7 Global Hybrid OEM Systems Market Revenue, 2012 – 2020 (USD Billion)
FIG. 8 Global Aftermarket Telematics Market Revenue, 2012 – 2020 (USD Billion)
FIG. 9 Global Embedded Aftermarket Telematics Systems Market Revenue, 2012 – 2020 (USD Billion)
FIG. 10 Global Portable Aftermarket Systems Market Revenue, 2012 – 2020 (USD Billion)
FIG. 11 Comparative Analysis: Global Commercial Telematics Market Revenue, by Application, 2013 & 2020 (Value %)
FIG. 12 Global Fleet/Asset Management Application in Commercial Telematics Market Revenue, 2012 – 2020 (USD Billion)
FIG. 13 Global Satellite Navigation Application in Commercial Telematics Market Revenue, 2012 – 2020 (USD Billion)
FIG. 14 Global Infotainment Application in Commercial Telematics Market Revenue, 2012 – 2020 (USD Billion)
FIG. 15 Global Insurance Telematics Application in Commercial Telematics Market Revenue, 2012 – 2020 (USD Billion)
FIG. 16 Global Telehealth Solutions Application in Commercial Telematics Market Revenue, 2012 – 2020 (USD Billion)
FIG. 17 Global Remote Alarm and Monitoring Application in Commercial Telematics Market Revenue, 2012 – 2020 (USD Billion)
FIG. 18 Global Other Applications in Commercial Telematics Market Revenue, 2012 – 2020 (USD Billion)
FIG. 19 Comparative Analysis: Global Commercial Telematics Market Revenue, by End-use Industry, 2013 & 2020 (Value %)
FIG. 20 Global Commercial Telematics in Transportation and Logistics Market Revenue, 2012 – 2020 (USD Billion)
FIG. 21 Global Commercial Telematics in Healthcare Market Revenue, 2012 – 2020 (USD Billion)
FIG. 22 Global Commercial Telematics in Construction Market Revenue, 2012 – 2020 (USD Billion)
FIG. 23 Global Commercial Telematics in Government and Utilities Market Revenue, 2012 – 2020 (USD Billion)
FIG. 24 Global Commercial Telematics in Insurance Market Revenue, 2012 – 2020 (USD Billion)
FIG. 25 Global Commercial Telematics in Manufacturing Market Revenue, 2012 – 2020 (USD Billion)
FIG. 26 Comparative Analysis: Global Commercial Telematics Market Revenue, by Geography, 2013 & 2020 (Value %)
FIG. 27 North America Commercial Telematics Market Revenue, 2012 – 2020 (USD Billion)
FIG. 28 Europe Commercial Telematics Market Revenue, 2012 – 2020 (USD Billion)
FIG. 29 Asia Pacific Commercial Telematics Market Revenue, 2012 – 2020 (USD Billion)
FIG. 30 RoW Commercial Telematics Market Revenue, 2012 – 2020 (USD Billion)
FIG. 31 Global MiX Telematics : Market Revenue, 2011 – 2013 (USD Million)
FIG. 32 Verizon Communication Inc.: Annual Revenue, 2011 – 2013 (USD Billion)
FIG. 33 Volvo Group: Annual Revenue, 2011 – 2013 (USD Billion)
FIG. 34 ORBCOMM Inc.: Annual Revenue, 2011 – 2013 (USD Million)
FIG. 35 TomTom N.V.: Annual Revenue, 2011 – 2013 (USD Billion)
FIG. 36 Trimble Navigation Ltd.: Annual Revenue, 2011 – 2013 (USD Billion)
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Commercial Telematics Market
