Truck Telematics Size, Status, Top Players, Trends and Forecast to 2024
MarketResearchNest.com adds “Global Truck Telematics Market 2019 by Manufacturers, Countries, Type and Application, Forecast to 2024” new report to its research database. The report spread across in a 116 pages with table and figures in it.
Telematics is a combination of the words telecommunications and informatics. Telematics, in a broad sense, is any integrated use of telecommunications with information and communications technology. It is the technology of sending, receiving and storing information relating to remote objects – like vehicles – via telecommunication devices.
This report studies the Truck Telematics Market with many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers. Find the complete Truck Telematics market analysis segmented by companies, region, type and applications in the report.
Truck telematics is a way of monitoring the location, movement, status and behavior of a vehicle within a fleet. This is achieved through a combination of a GPS receiver and an electronic GSM device that is installed in each vehicle, which then communicates with the user and web-based software.
Truck telematics is mainly composed of three parts: terminal (hardware), software (mobile Hardwired Install Telematics APP, Client PC) and cloud platform.
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Scope of the Report:
This report studies the Truck Telematics market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Truck Telematics market by product type and applications/end industries.
There are mainly two type product of truck telematics market: plug and play telematics and hardwired install telematics. Plug and play telematics accounts the largest proportion and will has faster growing rate.
Geographically, the global truck telematics market has been segmented into North America, Europe, Asia-Pacific, Middle East and Africa The North America held the largest share in the global truck telematics products market, its revenue of global market exceeds 34% in 2016. The next is Europe and Asia-Pacific.
The global Truck Telematics market is valued at 400 million USD in 2018 and is expected to reach 1290 million USD by the end of 2024, growing at a CAGR of 21.6% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Truck Telematics.
Europe also play important roles in global market, with market size of xx million USD in 2019 and will be xx million USD in 2024, with a CAGR of xx%.
Market Segment by Companies, this report covers
- Xirgo Technologies
- Hirain Technologies
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Market Segment by Regions, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Colombia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
- Plug and Play Telematics
- Hardwired Install Telematics
Market Segment by Applications, can be divided into
- Light Truck
- Heavy Truck
Highlights of the Global Truck Telematics report:
- A complete backdrop analysis, which includes an assessment of the Truck Telematics market
- An objective assessment of the trajectory of the market
- Market segmentation up to the second or third level
- Reporting and evaluation of recent industry developments
- Important changes in market dynamics
- Emerging niche segments and regional markets
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
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