Ahead of the Curve: Commercial OEMs Racing to Factory-Fit Solutions
October 31, 2017 | ABI ResearchEstimated reading time: 1 minute
Commercial vehicle original equipment manufacturers (OEMs) have driven exponential growth in factory-fit telematics, new partnerships, and open platforms/marketplaces over the last two years according to ABI Research, a leader in emerging technology intelligence.
“This growth provides a solid foundation for upcoming Freight as a Service, Uptime as a Service and Over-the-Air Updates.” says Susan Beardslee, Senior Analyst at ABI Research. “Market leaders in this space include Daimler Trucks, Volvo Trucks, Volkswagen Truck and Bus, Scania, Navistar and Paccar.”
Factory-fit benefits are significant and include: zero aftermarket installation downtime, upgradeable VAS for connected vehicles, quick-turn compliance for the ELD Mandate, all costs included in OEM purchase price/financing, and dealer-backed factory warranty hardware options.
The commercial telematics segment is growing faster than the commercial vehicle market. Globally, hardware shipments of commercial fleet telematics systems for trucks are expected to increase by a 15% CAGR between 2016-2021 to over 5 million aftermarket and OEM units in 2021. The OEMs see this growth and are moving from home-grown solutions toward sourcing partnerships with leading telematics suppliers such as Geotab, Omnitracs, PeopleNet, Telogis, TomTom Telematics, and Zonar.
Newer telematics options are in development or in-service, including biometrics and in-cab video to assess driver fatigue. Eventually, platooning and V2X services like parking and payments augmented through blockchain technologies will enter the market.
These findings are from ABI Research’s OEM Commercial Telematics Solutions. This report is part of the company’s Intelligent Transportation and eFreight service, which includes research reports, market data, insights and competitive assessments.
Suggested Items
Simbe Partners with Plexus to Scale Manufacturing and Meet Global Retail Demand
05/08/2024 | Globe NewswireSimbe, the leading provider of Store Intelligence™ solutions that increase retailer performance through unprecedented visibility and insights, today announced a partnership with Plexus Corp. to bring its best-in-class retail robotics-as-a-service to market quickly and at global scale.
IDTechEx Discusses Low-Loss Materials: The Enabler of Future Connected Vehicles?
05/06/2024 | IDTechExFuture connected vehicles will offer future drivers a safer, smoother, and more convenient driving experience. Not only will drivers get access to more navigation and entertainment options, but they will also gain access to safety technologies that will potentially reduce accidents, improve congestion, and reduce emissions globally by allowing vehicle safety systems to communicate with each other and with city traffic infrastructure.
HBM Prices to Increase by 5–10% in 2025, Accounting for Over 30% of Total DRAM Value
05/06/2024 | TrendForceAvril Wu, TrendForce Senior Research Vice President, reports that the HBM market is poised for robust growth, driven by significant pricing premiums and increased capacity needs for AI chips.
Tablet Shipments Show Signs of Recovery in Q1 2024
05/06/2024 | IDCAfter more than two years of decline, worldwide tablet shipments posted modest year-over-year growth of 0.5% in the first quarter of 2024 (1Q24), totaling 30.8 million units, according to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker.
Industrial PC Market Size to Record $1.75 Billion Growth from 2023-2027
05/03/2024 | PRNewswireThe global industrial pc market size is estimated to grow by USD 1.75 billion from 2023 to 2027, according to Technavio. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of almost 6.29% during the forecast period.