Global Commercial Telematics System Revenue to Reach $24B by 2022

Reading time ( words)

The explosive growth stimulated by the Electronic Logging Devices (ELD) Mandate in the U.S., emerging market opportunities, and last mile delivery is providing tremendous upside for numerous telematics service providers. ABI Research, a market-foresight advisory firm providing guidance on the most compelling transformative technologies, forecasts that opportunities for further telematics penetration exist, especially for segments such as services, government and public transport, with CAGR’s all between 16-19%.

“According to the Federal Motor Carrier Safety Administration (FMCSA), in 2017, 67% of U.S.-based fleets have 20 or fewer units.  Many of these fleets were without telematics units, providing a significant upside this year for ELD’s,” says Susan Beardslee, Senior Analyst at ABI Research. “Substantial growth in e-commerce is putting further emphasis on last mile delivery and the need to manage capacity for fleets, both in North America and across multiple geographies.”

ABI Research anticipates global commercial telematics system subscriptions to rise across trucking segments from 33 million this year to over 67 million by 2022. The industry continues to develop innovative solutions, targeted to specific geographies and/or verticals as well as evolve existing technologies to support Advanced Driver-Assistance Systems (ADAS) and regulatory requirements.  Companies such as Verizon, Omnitracs, G7, Trimble, TomTom Telematics, Gurtam, Geotab and MiX Telematics are addressing many of these segments.

“Commercial telematics providers will continue to expand their market presence through the introduction of connected, secure and scalable innovations including gateways, prognostics, open APIs/SDK’s, and ecosystem marketplaces. More nascent technologies such as blockchain, autonomy, and electrification will impact the industry in the coming years," concludes Beardslee.

These findings are from ABI Research’s Commercial Telematics Market Data report. This report is part of the company’s Intelligent Transportation and eFreight research service, which includes research, data, and analyst insights. 

About ABI Research

ABI Research provides strategic guidance for visionaries needing market foresight on the most compelling transformative technologies, which reshape workforces, identify holes in a market, create new business models and drive new revenue streams. ABI’s own research visionaries take stances early on those technologies, publishing groundbreaking studies often years ahead of other technology advisory firms. ABI analysts deliver their conclusions and recommendations in easily and quickly absorbed formats to ensure proper context. Our analysts strategically guide visionaries to take action now and inspire their business to realize a bigger picture.


Suggested Items

DARPA's Hallmark Seeks to Revolutionize U.S. Space Enterprise Command and Control

01/11/2018 | DARPA
The growing complexity of space operations coupled with an increased need for timely decisions demands innovative approaches to battle management command and control (BMC2) technologies.

What’s Coming in 3D Printing Technology in 2018

12/27/2017 | Cullen Hilkene, 3Diligent
First, the arrival of extrusion metal printing. Today's extrusion printers are the most prevalent and, arguably, user-friendly 3D Printers in the market. Now, after years of there being zero metal extrusion printers, there will be two in the new year from Desktop Metal and Markforged. These technologies promise new materials and a higher degree of user friendliness for metal printing.

OFFSET 'Sprinters' Encouraged to Share Innovative Ideas for Swarm Systems

10/16/2017 | DARPA
DARPA’s OFFensive Swarm-Enabled Tactics (OFFSET) program envisions future small-unit infantry forces using small unmanned aircraft systems (UASs) and/or small unmanned ground systems (UGSs) in swarms of 250 robots or more to accomplish diverse missions in complex urban environments.

Copyright © 2018 I-Connect007. All rights reserved.