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Commercial Vehicle Telematics Market in the Americas Market Anticipated Forecast To 2023 Based On Historic Data Of The Period 2011-2019

Commercial Vehicle Telematics Market in the Americas Market Report in 360MarketUpdates.com

Commercial Vehicle Telematics Market in the Americas Market report represents an evaluation of the overall market size from 2019 to 2023 in terms of value at USD XX million in 2019 and is expected to extend USD XX million by the end of 2023. The research report analyzes the Commercial Vehicle Telematics Market in the Americas market in a detailed manner by explaining the key point of the market that are expected to have a quantifiable influence on its developmental prospects over the forecast period (2019-2023).

There are 3 key segments covered in this report: Geography segment, end user/application segment and competitor segment.

About

In the recent years, the commercial vehicles segment witnessed high adoption of electronic content due to the modernization of vehicles. Solutions like telematics are witnessing increasing demand in the commercial vehicles segment in the Americas. Additionally, the demand for safety, comfort, navigation, and content is pushing the adoption of electrical distribution systems in these vehicles. Hence, manufacturers of electronic components have seen an increase in demand for high-speed wiring, connectors, and other electronic technologies to enable telematics and infotainment systems in commercial vehicles. As a result, telematics services are being adopted in the commercial vehicles where these electronic systems form the medium of data collection. Thus, viability of advanced telematics services will drive the commercial vehicle telematics market growth during the forecast period.

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Commercial Vehicle Telematics Market in the Americas Report Scope: The primary aim of the report is to study the Commercial Vehicle Telematics Market in the Americas market potential, exhibited by the industry and evaluate the Commercial Vehicle Telematics Market in the Americas manufacturing segment globally. Through a detailed analysis, the report finds the best avenues of investment for the worldwide Commercial Vehicle Telematics Market in the Americas market. Throughout, the Commercial Vehicle Telematics Market in the Americas report maintains an analytical approach to present an executive-level blueprint of the Commercial Vehicle Telematics Market in the Americas market.

Key regions: APAC, EMEA, Americas | No. of Pages: 132

Leading Players of Commercial Vehicle Telematics Market in the Americas Market Space:

  • Agero
  • Continental
  • Omnitracs
  • TomTom International
  • Trimble
  • Verizon

    Market Overview

      Cost saving due to adoption of telematics-enabled UBI Regulations play a critical role in the adoption of insurance in the automotive segment. Regulations for mandatory motor insurance are becoming a crucial driver for UBI adoption. UBI allows insurers to create risk profiles for individual customers based on real-time driving behavior tracked by onboard units. As UBI benefits both insurers and drivers, it is registering high growth in developed regions like Europe and North America. Hence, it will be beneficial for fleet operators to adopt UBI and reduce the premium amounts by encouraging the safe driving behavior.High cost associated with embedded telematics services Initial costs of setting up telematics include the license, setup, and installation fee, in addition to the payment for customization and integration with current systems. Additionally, the license fee has to be renewed periodically, which adds to the overall cost. Also, integration or customization can be more expensive than the price of telematics devices and license fees. For instance, Verizon has a hardware cost of about $100 for its telematics offering, with a monthly fee of about 526 for a one-year subscription.For the detailed list of factors that will drive and challenge the growth of the commercial vehicle telematics market during the 2019-2023, view our report.

      Competitive Landscape

        The market appears to be fragmented and with the presence of several companies including Trimble and Verizon the competitive environment is quite intense. Factors such as the presence of a conducive environment to enable viability of advanced telematics services, will provide considerable growth opportunities to commercial vehicle telematics companies. Agero, Continental, Omnitracs, TomTom International, Trimble, and Verizon are some of the major companies covered in this report.

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      Research Objectives of Commercial Vehicle Telematics Market in the Americas Market

      • To study the factors affecting the Commercial Vehicle Telematics Market in the Americas Market growth as well as the market drivers driving the Commercial Vehicle Telematics Market in the Americas Market
      • To provide revenue forecast of the market segments & sub-segments w.r.t to three key regions APAC,EMEA & Americas
      • To study & predict the accurate market share, revenue & size during the period 2019-2023
      • To provide future perspective of the Commercial Vehicle Telematics Market in the Americas Market size in various regions & its key performing countries.
      • To provide the information regarding the challenges & restraints faced by the new entrants of Commercial Vehicle Telematics Market in the Americas Market along with the threat of substitutes & threats of rivalry
      • To study, track & analyze competitive developments such as joint ventures, strategic alliance, mergers, acquisitions & new product developments
      • To provide detailed analysis of the market structure along with forecast for 2019-2023 duration.
      • To provide the segmentation analysis based on application & geographical location

      Commercial Vehicle Telematics Market in the Americas Market Pictorial Data Available In The Report: Part 01, Part 02, Part 03, Part 04, Part 05 and so on.

      Exhibit 01, Exhibit 02, Exhibit 03, Exhibit 04 and so on are available in the report for understanding the Commercial Vehicle Telematics Market in the Americas Market completely.

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      The next part of the report contains additional information like Commercial Vehicle Telematics Market in the Americas Market executive summary, market sizing, market scope, research methodology adopted & vendor analysis for the forecast period 2019-2023. The report is analyzed thoroughly with respect to three points, viz. raw material and equipment suppliers, various manufacturing associated costs (material cost, labour cost, etc.) and the actual process.

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