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

  • Public safety demand driving ITS market growth, says report
    April 13, 2016
    The latest report from RnR Market Research indicates that one of the major factors positively impacting the intelligent transport systems market is the growing need for public safety as collision avoidance and dynamic warning systems are introduced to reduce the frequency of accidents by making users more aware of their surroundings. The analysts forecast global intelligent transport systems market to grow at a CAGR of 8.23 per cent during the period 2016-2020. The report, Global Intelligent Transport Sy
    Read More
  • ANSI forms EV standards panel
    May 17, 2012
    The American National Standards Institute (ANSI) has formed a cross-sector Electric Vehicles Standards Panel (EVSP) and is seeking participants with relevant expertise and interest to begin the critical work of developing a standardisation roadmap to enable the safe, mass deployment of electric vehicles and associated infrastructure in the United States. The goal is to develop version one of the roadmap this year.
    Read More
  • Cubic names new general manager of Melbourne transport operations
    September 25, 2015
    Following its recent short-listing in the request for tender stage of the tender process to run the myki system in Melbourne, Australia, when the current contract expires in 2016, Cubic Transportation Systems has appointed Bruce Were as general manager of the company’s operations in Victoria. Were will have responsibility for handling the myki smart card ticketing project and will lead a Cubic team in Melbourne that is dedicated to working on the tender process, which is expected to be completed in mid-2
    Read More
  • CARTES 2013: Guest of Honour Country Brazil is land of opportunity
    November 20, 2013
    A touch of the Rio Carnival came to Paris yesterday as CARTES 2013 welcomed Brazil as the show’s Guest of Honour Country. The drums, whistles, vivid colour and excitement of a parade of Samba dancers on the exhibition hall floor lit up the wealth of exciting opportunities available for the smart security sector in one of the world’s most populous nations.
    Read More

Highlighted Content