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The global commercial telematics market was valued at US$ 46.00 Billion in 2021.
We expect the global commercial telematics market to exhibit a CAGR of 19.40% during 2022-2027.
The expanding transportation industry and the widespread adoption of smart transportation systems to
provide more accurate insights about the vehicles are primarily driving the global commercial telematics
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations resulting in the temporary halt in numerous transportation activities,
thereby limiting the demand for commercial telematics.
Based on the type, the global commercial telematics market has been segmented into solution and
services. Currently, solution holds the majority of the total market share.
Based on the system type, the global commercial telematics market can be divided into embedded,
tethered, and smartphone integrated. Among these, embedded system currently exhibits a clear
dominance in the market.
Based on the provider type, the global commercial telematics market has been categorized into OEM
and aftermarket. Currently, aftermarket accounts for the majority of the global market share.
Based on the end use industry, the global commercial telematics market can be segregated into
transportation and logistics, media and entertainment, government and utilities, travel and tourism,
construction, healthcare, and others. Among these, the transportation and logistics sector holds the
largest market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global commercial telematics market include AirIQ Inc., Bridgestone
Corporation, General Motors Company (GM), Geotab Inc.,Michelin Group, MiX Telematics International
(Pty) Ltd, Octo Telematics S.p.A., Omnitracs, LLC, Trimble Inc., Bell Atlantic Corporation, and Continental
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