Market Overview:

The Europe commercial telematics market is expected to exhibit robust growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Commercial telematics refers to solutions and services that assist in monitoring commercial vehicles via telecommunication. It relies on global positioning systems (GPS) and onboard diagnostic systems to record the speed and behavior of vehicles. It allows the interchange of information between the central authority and the commercial vehicle and alerts the fleet manager in case of an emergency. As a result, it is extensively utilized in Europe by insurance providers to assist the driver behavior in determining risk factors and regulate insurance policy accordingly.

The increasing incidences of workers' accidents have propelled governing agencies to take stringent measures and protect the well-being and safety of employees. This represents one of the key factors strengthening the growth of the market in Europe. Moreover, the rising adoption of mobile resource management is fueling the utilization of the telematics system in the region. Apart from this, commercial telematics finds extensive application across oil, mining, gas, utilities, courier delivery, food and beverage (F&B), waste management, and construction sectors, which is driving the market. Additionally, considerable growth in the transportation industry, along with the widespread usage of smart transportation systems, is stimulating market growth in Europe. Furthermore, leading players are heavily investing in research and development (R&D) activities. They are also focusing on the development of video-based telematics to expand their overall sales and existing consumer base in the region.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Europe commercial telematics market, along with forecasts at the country and regional level from 2021-2026. Our report has categorized the market based on type, system type, provider type and end use industry.

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 Country:

• Germany
• France
• United Kingdom
• Italy
• Spain
• Others
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Key Questions Answered in This Report:

• How has the Europe commercial telematics market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Europe commercial telematics market?
• What are the key regional markets?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the system type?
• What is the breakup of the market based on the provider type?
• What is the breakup of the market based on the end use industry?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the Europe commercial telematics market and who are the key players?
• What is the degree of competition in the industry?