Webinar investigates truck telematics global growth opportunities

The Frost & Sullivan webcast on 5 April at 1500 BST will present the 2016 truck market outlook and will investigate the evolving global connected truck telematics industry discussing top market, technology and regional trends impacting market dynamics in 2016. Besides truck OEMs, after-market telematics providers, tier-1 suppliers, start-ups become considerable stake holders in the connected truck value chain. Start-ups focusing on mobile-based freight brokering, ELD (Electronic Logging Device) hardware and
March 30, 2016 Read time: 2 mins
RSSThe 2097 Frost & Sullivan webcast on 5 April at 1500 BST will present the 2016 truck market outlook and will investigate the evolving global connected truck telematics industry discussing top market, technology and regional trends impacting market dynamics in 2016. Besides truck OEMs, after-market telematics providers, tier-1 suppliers, start-ups become considerable stake holders in the connected truck value chain. Start-ups focusing on mobile-based freight brokering, ELD (Electronic Logging Device) hardware and applications, and driver behaviour are penetrating the connected trucks market in developed regions.

Frost & Sullivan believes that 2016 is likely to be game-changing in the Global Connected Truck/Commercial Vehicle (CV) telematics market. Developed regions such as North America and Europe will continue to dominate the global connected truck market in 2016, contributing more than 57 per cent of the total telematics installed base.

Emerging regions such as Latin America, India, China, and South Africa will grow at an average 16 percent year on year in 2016 guiding the total connected truck installed base to reach more than 20 million in 2016. Connected truck market in India, and China will crop up significantly, augmented by estimated GPD growth of 7.9 per cent, and 6.6 percent respectively in 2016.

Top market trends such as OEMs partnering with multiple third party TSPs (telematics service providers); open architecture platform technology; and the impact of regulatory mandates together will drive the total service revenue generated through connected truck to reach US$4.96 Billion in 2016.

“Opportunities will emerge for OEMs and third-party solution providers with the advent of independent smart phone solutions and evolving business models. The ascendance of interest from fleet managers towards middle- and high-end telematics services will fuel additional growth in 2016,” states Frost & Sullivan Research Manager Sathyanarayana Kabirdas.

To attend the webcast, email Jana Schoeneborn, Corporate Communications, at [email protected] with full contact details.
Location Based Systems

For more information on companies in this article

Related Content

  • Kapsch preferred bidder on Ohio River Bridges toll project
    March 13, 2015
    The Indiana Finance Authority (IFA) and Ohio River Bridges Joint Board have again selected Kapsch TraffiCom to manage and maintain an all-electronic toll-collection system for the Louisville-Southern Indiana Ohio River Bridges Project. Kapsch TrafficCom was selected from among three bidders who participated in the proposal process. A joint evaluation committee, made up of officials from both Indiana and Kentucky, scored the proposals based on the best value. Kapsch TrafficCom's proposal estimate was US$41.5
    Read More
  • On a WIM – a global view of weigh in motion
    May 25, 2016
    Q-Free’s Andrew Lees looks at regional characteristics and technology trends in the global Weigh-In-Motion market. The principles of Weigh-In-Motion (WIM) are well established. Data derived from vehicles passing over in-ground sensors can be interpreted for vehicle classification (axle counts and spacing) and positive identification (especially when linked to image capture) applications as well as to derive individual axle and gross vehicle weight (GVW).
    Read More
  • Road usage charge pilot under way
    November 22, 2012
    The Oregon Department of Transportation (ODOT) is undertaking a pilot project to test the next generation of a road usage charge system designed to address funding gaps caused by a rise in fuel efficiency and a decline in gas tax revenue. Around forty volunteers have begun testing the new system, where, instead of paying the gas tax, automatically added at the pump, pilot participants will pay a per mile charge based on the number of miles they drive. The charge is roughly equal to the amount of gas tax the
    Read More
  • Need for real-time traffic information systems on the rise
    March 11, 2015
    New analysis from Frost & Sullivan, Strategic Analysis of Real-time Traffic Information Market in Europe and North America, finds that the number of real-time traffic information subscribers in North America stood at 1.9 million units in 2014 and estimates this to reach 14.2 million in 2021. In Europe, the number is expected to go up from 2.2 million in 2014 to 10.2 million in 2021. With traffic expanding at three times the rate of the economy, the research says the need for intelligent systems like real-ti
    Read More

Highlighted Content