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

  • MasterCard and Cubic join forces on smart city payment solutions
    March 4, 2015
    MasterCard today is to partner with Cubic Transportation Systems, combining MasterCard’s everyday payments and loyalty management expertise with Cubic’s NextCity platform to develop solutions that: Enable transportation operators to offer flexible pricing based on system demand; Provide individual travellers with real-time guidance on their mobile devices on the smartest way to travel, offering fare incentives if the system becomes congested or overcrowded; Offer retailers at and around transportation hu
    Read More
  • TfL ‘fastest growing contactless merchant in Europe’
    March 17, 2015
    Transport for London (TfL) claims to be the fastest growing contactless Visa merchant in Europe and the UK for Mastercard and American Express just six months after it was launched on London Underground, tram, DLR, London Overground, buses and most National Rail services in London. The world leading technology is now being used by millions of customers, providing them with easier and more convenient journeys. Customers using contactless pay the same adult-rate pay as you go fare as Oyster and benefit from h
    Read More
  • ‘Free’ power for signs, shelters and so much more
    March 17, 2016
    David Crawford looks at the sunny side of the street. Solar power has been relatively slow in entering the transport sector, but a current blossoming of activity bodes well for the large-scale harnessing of an alternative energy that is zero-emission at source and, in practical terms, infinitely renewable. Traffic management and traveller information systems, and actual vehicles, are all emerging as areas for deployment. Meanwhile roads themselves are being viewed as new-style, fossil fuel-free ‘power stati
    Read More
  • Indra to implement Kuwait’s traffic monitoring system
    April 7, 2015
    In a contract valued at around US$18 million, Indra is to implement a traffic monitoring system in Kuwait City on behalf of the Kuwait Municipality. The contract includes the technology for the traffic management centre, installation of over 200 permanent traffic sensors and gathering and integration of data from about 3,000 locations throughout the city within the new monitoring system, including integration of different vehicle detection technologies, with radar systems, loops, video cameras and weighing
    Read More

Highlighted Content