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

  • Weigh-in-motion accreditation for WheelRight
    February 28, 2014
    UK company WheelRight has scored what it says is an industry first by achieving accreditation from the National Measurement Office (NMO) for its combined weigh-in-motion (WiM) and pressure in motion (PiM) tyre pressure and vehicle weight checks. The globally recognised Organisation Internationale de Métrologie Légale (OIML) weigh in motion standard R134 provides users with independent verification of the product’s consistent performance. WheelRight’s drive-over solution enables transport companies, po
    Read More
  • Technology overcomes EV range challenges
    February 4, 2013
    According to new analysis from Frost and Sullivan, Strategic Analysis of Global Market for Range Extenders, major challenges currently faced by the electric vehicle (EV) revolve around the inability to provide long range in a single charge as well as the lengthy charging times that can vary from thirty minutes to ten hours. This has limited the number of adopters for EVs. Range extender technology overcomes these challenges, strategically positioned to make strong gains in the EV market. Currently, the mark
    Read More
  • World ITS market expected to grow at a steady rate to 2020
    August 4, 2014
    The global market for intelligent transportation systems (ITS) is expected to reach US$38.68 billion by 2020, according to a new study by Grand View Research. Growing demand for optimising fuel consumption and reducing emissions is expected to be the key driving force for the market. ITS aids in reducing incidents such as road accidents and boost safety, which is estimated to positively impact demand over the next six years.
    Read More
  • The need for a higher voltage power net for vehicles
    June 27, 2012
    Electrification of the automobile is not limited to the electric vehicles (EVs). As a new report from Frost & Sullivan points out, conventional cars of today are partly electric in their own way, with most systems in the vehicle having electrical and electronic connections for better functionality. Certain high-end vehicles possess more than 90 electronic control units (ECUs) to control the various modules within the car, making the car both sophisticated and complicated. However, added functions such as el
    Read More

Highlighted Content