Commercial telematics refers to a technology used to monitor the location and movement of a vehicle. It relies on Global Positioning System (GPS) and on-boards diagnostics such as braking system, vehicle speed, airbags, advanced driver assistance (ADAS) and transmission control system. In addition, it provides technical solutions to assist in controlling a commercial vehicle via a telecommunication device.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The market is primarily driven by stringent safety regulations imposed by the government of Japan to mandate commercial vehicle tracking. Besides this, the rising adoption of vehicles and the emerging semiconductor industry is escalating the demand for high-end telematics services and connectivity solutions across the country. In addition, the expanding transportation sector, along with increasing dependence on digital devices, such as laptops, tablets, and smartphones, are fueling the market growth. Furthermore, key players in the market are integrating advanced connectivity solutions to help in providing on-road assistance, enhancing vehicle efficiency, and facilitating smart routing and tracking. These factors are expected to provide substantial growth to the market in the upcoming years.
Breakup by Type:
Solution
Fleet Tracking and Monitoring
Driver Management
Insurance Telematics
Safety and Compliance
V2X Solutions
Others
Services
Professional Services
Managed Services
Breakup by System Type:
Embedded
Tethered
Smartphone Integrated
Breakup by Provider Type:
OEM
Aftermarket
Breakup by End Use Industry:
Transportation and Logistics
Media and Entertainment
Government and Utilities
Travel and Tourism
Construction
Healthcare
Others
Breakup by Region:
Kanto Region
Kinki Region
Central/ Chubu Region
Kyushu-Okinawa Region
Tohoku Region
Chugoku Region
Hokkaido Region
Shikoku Region
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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