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(I-AutoNewsWire.com, February 21, 2018 ) The telematics system is a device that deals with communication (sending, receiving, and storing information) regarding the vehicle and other parameters. The telematics system receives information through different sensors, such as air bags, vehicle speed, advanced driver assistance system, braking system, and transmission control system.
Publisher's analysts forecast the commercial vehicle telematics market in Europe to grow at a CAGR of 13.85% during the period 2018-2022.
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Owing to the increased consolidation of logistics players and growing demand for fleet tracking to reduce losses, the logistics sector will be the major contributor to the fleet management services. Fleet tracking is useful to mitigate transit losses and reduce fuel expenses. ReportsWeb market study identifies the growing need for fleet management solutions to be one of the primary growth factors for the commercial vehicle telematics market in Europe. Implementation of vehicle tracking system also reduces the number of empty runs and the overall fuel costs.
Key vendors -TomTom International -Continental -Trimble -Bosch -Verizon Telematics
Market driver -Growing need for fleet management solutions
Market challenge -Low return on investment for small fleet owners
Market trend -Truck platooning using telematics services
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Fundamentals of Table of Content:
PART 01: Executive summary PART 02: Scope of the report PART 03: Market research methodology PART 04: Introduction PART 05: Global construction market PART 06: Market drivers PART 07: Market trends PART 08: Global AEC market PART 09: Market segmentation by product PART 10: Geographical segmentation PART 11: Market challenges PART 12: Impact of drivers and challenges PART 13: Five forces model PART 14: Key vendor analysis PART 15: Key vendor profiles
Complete report is available @ http://www.reportsweb.com/commercial-vehicle-telematics-market-in-europe-2018-2022
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Rajat Sahni
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Source: EmailWire.Com
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