Selbyville, DE -- (SBWIRE) -- 06/03/2019 -- According to this study, over the next five years the Truck Telematics market will register a 21.6% CAGR in terms of revenue, the global market size will reach US$ 1290 million by 2024, from US$ 400 million in 2019. In particular, this report presents the global revenue market share of key companies in Truck Telematics business, shared in Chapter 3.

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Telematics is a combination of the words telecommunications and informatics. Telematics, in a broad sense, is any integrated use of telecommunications with information and communications technology. It is the technology of sending, receiving and storing information relating to remote objects like vehicles ? via telecommunication devices.

Truck telematics is a way of monitoring the location, movement, status and behavior of a vehicle within a fleet. This is achieved through a combination of a GPS receiver and an electronic GSM device that is installed in each vehicle, which then communicates with the user and web-based software.
Truck telematics is mainly composed of three parts: terminal (hardware), software (mobile Hardwired Install Telematics APP, Client PC) and cloud platform.

There are mainly two type product of truck telematics market: plug and play telematics and hardwired install telematics. Plug and play telematics accounts the largest proportion and will has faster growing rate.
Geographically, the global truck telematics market has been segmented into North America, Europe, Asia-Pacific, Middle East and Africa The North America held the largest share in the global truck telematics products market, its revenue of global market exceeds 34% in 2016. The next is Europe and Asia-Pacific.

A brief run-through of the industry segmentation encompassed in the Truck Telematics market report:

Competitive landscape:

Companies involved: Trimble, Wabco, Continental, CalAmp, Delphi, Bosch, GEOTAB, Automatic, Actsoft, Telic, Mojio, Xirgo Technologies, e6gps and Hirain Technologies

Vital pointers enumerated:
- Sales area
- Distribution
- Company profile
- Company overview
- Products manufactured
- Price patterns
- Revenue procured
- Gross margins
- Product sales

The Truck Telematics market report provides an outline of the vendor landscape that includes companies such as Trimble, Wabco, Continental, CalAmp, Delphi, Bosch, GEOTAB, Automatic, Actsoft, Telic, Mojio, Xirgo Technologies, e6gps and Hirain Technologies. Parameters such as the distribution and sales area, alongside other pivotal details such as the firm profiling and overview have also been mentioned.

The study mentions the products manufactured by these esteemed companies as well the product price prototypes, profit margins, valuation accrued, and product sales.

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Geographical landscape:
Regions involved: USA, Europe, Japan, China, India, South East Asia

Vital pointers enumerated:
- Product consumption patterns
- Valuation that each of these regions account for in the industry
- Market share which every region holds
- Consumption market share across the geographies
- Product consumption growth rate
- Geographical consumption rate

Segmented into USA, Europe, Japan, China, India, South East Asia, as per the regional spectrum, the Truck Telematics market apparently covers most of the pivotal geographies, claims the report, which compiles a highly comprehensive analysis of the geographical arena, including details about the product consumption patterns, revenue procured, as well as the market share that each zone holds.

The study presents details regrading the consumption market share and product consumption growth rate of the regions in question, in tandem with the geographical consumption rate with regards to the products and the applications.

Application landscape:

Application sectors involved: Light Truck and Heavy Truck

Vital pointers enumerated:
- Market share held by each application segment
- Forecast valuation of each application
- Consumption patterns

The Truck Telematics market report, with respect to the application spectrum, splits the industry into Light Truck and Heavy Truck, while enumerating details regarding the market share held by each application and the projected value of every segment by the end of the forecast duration.

The Truck Telematics market report also includes substantial information about the driving forces impacting the commercialization landscape of the industry as well as the latest trends prevailing in the market. Also included in the study is a list of the challenges that this industry will portray over the forecast period.
Other parameters like the market concentration ratio, enumerated with reference to numerous concentration classes over the projected timeline, have been presented as well, in the report.

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