Market Overview:
The GCC commercial telematics market size reached 1.9 Million Units in 2023. Looking forward, IMARC Group expects the market to reach 8.4 Million Units by 2032, exhibiting a growth rate (CAGR) of 17.55% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
1.9 Million Units |
Market Forecast in 2032
|
8.4 Million Units |
Market Growth Rate (2024-2032) |
17.55% |
Commercial telematics is utilized in commercial automobiles for long-distance transmission of information. It aids in monitoring location, tracking diagnostics, and observing trailers and non-motorized assets of commercial vehicles. It also assists in alerting the fleet manager about any unauthorized movement using a global positioning system (GPS) and onboard diagnostic system. Besides this, as it provides maintenance insights, safety tracking and insurance risk assessment, commercial telematics is gaining traction across the GCC region.
The thriving transportation industry represents one of the primary factors strengthening the growth of the market in the GCC region. Moreover, there is a rise in the adoption of smart transportation systems, along with the rising utilization of digital devices like tablets, laptops and smartphones. This is propelling market players operating in the region to introduce sophisticated connectivity solutions that generate more accurate insights about vehicles. These solutions enhance the driver’s overall experience, provide on-road assistance, facilitate smart routing and tracking, and improve vehicle efficiency. Besides this, numerous technological advancements, including the development of open-source frameworks for commercial telematics, are offering a positive market outlook. Furthermore, factors like the implementation of favorable government policies to mandate commercial vehicle tracking, in confluence with the development of video-based telematics, are influencing the overall sales of commercial telematics. Besides this, increasing research and development (R&D) is impelling the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the GCC commercial telematics market report, along with forecasts at the regional and country levels from 2024-2032. 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:
Breakup by End Use Industry:
- Transportation and Logistics
- Media and Entertainment
- Government and Utilities
- Travel and Tourism
- Construction
- Healthcare
- Others
Breakup by Country:
- Saudi Arabia
- UAE
- Qatar
- Oman
- Kuwait
- Bahrain
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
Million Units |
Segment Coverage |
Type, System Type, Provider Type, End Use Industry, Country |
Countries Covered |
Saudi Arabia, UAE, Qatar, Oman, Kuwait, Bahrain |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the GCC 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 GCC 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 GCC commercial telematics market and who are the key players?
- What is the degree of competition in the industry?