Transparency Market Research is publishing a new report titled, “Connected Truck Telematics Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the connected truck telematics market. The TMR report anticipates that the Rise in adoption of advanced driver-assistance systems will boost the connected truck telematics market during the forecast period i.e, 2018-2026. Steady expansion of the connected truck market is creating significant opportunities in commercial vehicle telematics for original equipment manufacturers, suppliers, software and analytics companies, dealers, and fleets operator. These solutions are still considered comparatively high-priced, and fleets have a low understanding of telematics as part of fleet management solutions; however, the possibility of converting massive data analytics into actionable solutions is too attractive for fleets, OEMs, suppliers, and dealers to ignore, says TMR analyst.
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The report has segregated the global connected truck telematics market in terms of component, technology, vehicle, and region. Based on component, the connected truck telematics market is classified into RADAR-based collision mitigation and four other segments. Rise in adoption of advanced driver-assistance systems in connected truck telematics has fueled the RADAR-based collision mitigation segment. The system not only aids the vehicle in collision detection, warning, avoidance, and mitigation, but also in lane change assistance, pedestrian protection systems, and blind spot monitoring. These features are expected to rise in demand for RADAR-based collision mitigation segment during the forecast period. The other segments are also estimated to expand significantly in the next few years. In terms of on technology, the connected truck telematics market can be classified into DSRS vehicle–to-vehicle communication and four more segments. The DSRS vehicle–to-vehicle communication segment is expected to hold a major share of the global connected truck telematics market during the forecast period. Automobile manufacturers and technical vendors are investing in vehicle-to-vehicle communication in order to gain competitive advantage in the connected truck telematics market. Based on vehicle, the connected truck telematics market can be bifurcated into light commercial vehicle and heavy commercial vehicle. Increase in urbanization is estimated to boost the heavy commercial vehicle segment during the forecast period, TMR analyst further adds.
From a regional perspective, the global connected truck telematics market is split into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Among these, Europe is a mature region of the automotive sector; thus, it holds high potential for the connected truck telematics market. The region is well-placed in terms of smart mobility and developed ICT infrastructure. The market in Europe is anticipated to expand substantially during the forecast period owing to the implementation of favorable regulatory mandates in the region. Major companies operating in the global connected truck telematics market are profiled in this report to give a better competitive analysis and these include Daimler AG, Scania AB, AB Volvo, Peloton Technology, DAF, OTTO MOTORS, Bendix Commercial Vehicles Systems LLC, Meritor WABCO, and Continental AG.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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