Global Commercial Telematics Market is Expected to Reach Around $ 49.12 Billion, by 2020

According to a new report by Allied Market Research entitled, “Global Commercial Telematics Market”, the global commercial telematics market is expected to reach $49.12 billion by 2020, at an estimated CAGR of 18.4 % during the forecast period (2014-2020).

Telematics are information and telecommunication products that combine computers and telecommunication services for transferring large amounts of data in vehicles in real-time. Commercial telematics market includes the telematics used by light, medium and heavy commercial vehicles. All major automotive manufacturers across the globe are now concentrating on developing and implementing the Telematics concept into their vehicles. Vehicles manufactured today offer unique connectivity solutions for better monitoring and tracking.


Aftermarket, a segment categorized on the basis of type of telematics, is expected to grow swiftly and remain the largest revenue generator, contributing to over 50% of the total market revenue throughout the forecast period (2014-2020). In addition, fleet/asset management as an application segment, is the highest revenue-generating solution, contributing about 50% of the total commercial telematics solutions market revenue. In certain economies like Brazil and China, the government legislations mandate the adoption of telematics given the rising concern of vehicle tracking and safety and security, thereby driving the demand for telematics solutions.

Telematics industry has grown from traditional navigation services to broadened scope in vehicle tracking, monitoring, fleet management, location-based services and traffic and weather information. The report segments the market by type viz., automotive OEM and aftermarket. Among these, the automotive OEM is expected to grow at a higher rate given the technological alliance between telematics service providers and device manufacturers due to its varied application in many verticals including healthcare, media and entertainment, insurance and logistics. Transportation and logistics segment is observed to have the largest share in the total market size by revenue in 2013 and will remain the largest revenue-generating end user segment given the need for vehicle diagnostics and vehicle tracking etc. The technology is also witnessing increased adoption from sectors such as insurance and healthcare.

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