Truck Telematics Market Synopsis:
In this report, PMR studies the present scenario with the base year being 2017 and the growth prospects of global Truck Telematics market for 20182023.
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.
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.
There is mainly two types of product of truck telematics market: plug and play telematics and hardwired install telematics. Plug and play telematics accounts for the largest proportion and will have a faster-growing rate.
Geographically, the global truck telematics market has been segmented into North America, Europe, AsiaPacific, Middle East and Africa 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 AsiaPacific.
Over the next five years, LPILP Information projects that Truck Telematics will register a 21.6% CAGR in terms of revenue, reach US$ 1290 million by 2023, from US$ 400 million in 2017.
This report presents a comprehensive overview, market shares and growth opportunities of Truck Telematics market by product type, application, key companies and key regions.
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To calculate the market size, LP Information considers value generated from the sales of the following segments:
Segmentation by product type:
Plug and Play Telematics
Hardwired Install Telematics
Segmentation by application:
We can also provide the customized separate regional or countrylevel reports, for the following regions:
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report:
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Truck Telematics market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Truck Telematics market by identifying its various subsegments.
Focuses on the key global Truck Telematics players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Truck Telematics with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industryspecific challenges and risks.
To project the size of Truck Telematics submarkets, with respect to key regions along with their respective key countries.
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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