Market Report

Telematics is the convergence of telecommunications with information and communications technology. The market for Commercial Automotive Telematics is anticipated to grow at a CAGR of 9.1% during 2018-2023 and generate revenues worth $31.09 Billion by 2023. The increasing demand for connected vehicles for better safety management is expected to further drive the market. The sensors components dominated the Commercial Automotive Telematics market with share of over 23%. Majority of the demand was generated from the North American region given the huge amount of research and development taking place in the connected automotive segment. What is Commercial Automotive Telematics Market? Commercial telematics is an interdisciplinary branch of information technology and telecommunications, which deals with long distance transmission of information in commercial automobiles. Telematics devices are used to transfer large amount of information from the vehicle to infrastructure. Commercial telem...