The global Commercial Telematics market size is estimated to be $25.38 billion in 2023, and Market IntelliX analysts predict it will reach $66.5 billion by 2031, growing at a CAGR of 12.8% during the forecast period from 2023 to 2031.
This report studies the Commercial Telematics market, covering market size for segment by type (Hardwired Install Telematics, Plug-and-Play Telematics, etc.), by application (Light Duty Trucks, Medium Duty Trucks, etc.), by sales channel (Direct Channel, Distribution Channel), by player (Trimble, Verizon Connect, Geotab, Webfleet (formerly TomTom Telematics), Solera (formerly Omnitracs), etc.) and by region (North America, Europe, Asia-Pacific, South America and Middle East & Africa).
This report provides detailed historical analysis of global market for Commercial Telematics from 2017-2022, and provides extensive market forecasts from 2023-2031 by region/country and subsectors. It covers the sales/revenue/value, gross margin, historical growth and future perspectives in the Commercial Telematics market.
Leading Players of Commercial Telematics including:
Trimble
Verizon Connect
Geotab
Webfleet (formerly TomTom Telematics)
Solera (formerly Omnitracs)
CalAmp
Daimler Fleetboard
MiX Telematics
Zonar Systems
Teletrac Navman
Masternaut (Michelin)
KORE Wireless
Motive Technologies
Continental
Bosch
Wabco
Ctrack
AirIQ
Actsoft
Market split by Type:
Hardwired Install Telematics
Plug-and-Play Telematics
Smartphone-based Telematics
Market split by Application:
Light Duty Trucks
Medium Duty Trucks
Heavy Duty Trucks
Market split by Sales Channel:
Direct Channel
Distribution Channel
Market split by Region/Country:
North America (United States and Canada)
Europe (Germany, UK, France, Italy, Spain, and Russia, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia, etc.)
South America (Brazil, Mexico, and Argentina, etc.)
Middle East & Africa (Turkey, UAE, Saudi Arabia, and South Africa, etc.)
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Chapter 1 Commercial Telematics Market Overview
1.1 Commercial Telematics Definition
1.2 Global Commercial Telematics Market Size Status and Outlook (2017-2031)
1.3 Global Commercial Telematics Market Size Comparison by Region (2017-2031)
1.4 Global Commercial Telematics Market Size Comparison by Type (2017-2031)
1.5 Global Commercial Telematics Market Size Comparison by Application (2017-2031)
1.6 Global Commercial Telematics Market Size Comparison by Sales Channel (2017-2031)
1.7 Commercial Telematics Market Dynamics
1.7.1 Market Drivers/Opportunities
1.7.2 Market Challenges/Risks
1.7.3 Market News (Merger/Acquisition/Expansion)
1.7.4 Key Trends in Commercial Telematics Market
Chapter 2 Commercial Telematics Market Competition by Player
2.1 Global Commercial Telematics Sales and Market Share by Player (2020-2022)
2.2 Global Commercial Telematics Revenue and Market Share by Player (2020-2022)
2.3 Global Commercial Telematics Average Price by Player (2020-2022)
2.4 Players Competition Situation & Trends
2.5 Conclusion of Segment by Player
Chapter 3 Commercial Telematics Market Segment by Type
3.1 Global Commercial Telematics Market by Type
3.1.1 Hardwired Install Telematics
3.1.2 Plug-and-Play Telematics
3.1.3 Smartphone-based Telematics
3.2 Global Commercial Telematics Sales and Market Share by Type (2017-2022)
3.3 Global Commercial Telematics Revenue and Market Share by Type (2017-2022)
3.4 Global Commercial Telematics Average Price by Type (2017-2022)
3.5 Conclusion of Segment by Type
Chapter 4 Commercial Telematics Market Segment by Application
4.1 Global Commercial Telematics Market by Application
4.1.1 Light Duty Trucks
4.1.2 Medium Duty Trucks
4.1.3 Heavy Duty Trucks
4.2 Global Commercial Telematics Revenue and Market Share by Application (2017-2022)
4.3 Conclusion of Segment by Application
Chapter 5 Commercial Telematics Market Segment by Sales Channel
5.1 Global Commercial Telematics Market by Sales Channel
5.1.1 Direct Channel
5.1.2 Distribution Channel
5.2 Global Commercial Telematics Revenue and Market Share by Sales Channel (2017-2022)
5.3 Conclusion of Segment by Sales Channel
Chapter 6 Commercial Telematics Market Segment by Region & Country
6.1 Global Commercial Telematics Market Size and CAGR by Region (2017-2031)
6.2 Global Commercial Telematics Sales and Market Share by Region (2017-2022)
6.3 Global Commercial Telematics Revenue and Market Share by Region (2017-2022)
6.4 North America
6.4.1 North America Market by Country
6.4.2 North America Commercial Telematics Market Share by Type
6.4.3 North America Commercial Telematics Market Share by Application
6.4.4 United States
6.4.5 Canada
6.5 Europe
6.5.1 Europe Market by Country
6.5.2 Europe Commercial Telematics Market Share by Type
6.5.3 Europe Commercial Telematics Market Share by Application
6.5.4 Germany
6.5.5 UK
6.5.6 France
6.5.7 Italy
6.5.8 Spain
6.5.9 Russia
6.6 Asia-Pacific
6.6.1 Asia-Pacific Market by Country
6.6.2 Asia-Pacific Commercial Telematics Market Share by Type
6.6.3 Asia-Pacific Commercial Telematics Market Share by Application
6.6.4 China
6.6.5 Japan
6.6.6 Korea
6.6.7 India
6.6.8 Southeast Asia
6.6.9 Australia
6.7 South America
6.7.1 South America Market by Country
6.7.2 South America Commercial Telematics Market Share by Type
6.7.3 South America Commercial Telematics Market Share by Application
6.7.4 Brazil
6.7.5 Mexico
6.7.6 Argentina
6.7.7 Colombia
6.8 Middle East & Africa
6.8.1 Middle East & Africa Market by Country
6.8.2 Middle East & Africa Commercial Telematics Market Share by Type
6.8.3 Middle East & Africa Commercial Telematics Market Share by Application
6.8.4 Turkey
6.8.5 UAE
6.8.6 Saudi Arabia
6.8.7 South Africa
6.9 Conclusion of Segment by Region
Chapter 7 Profile of Leading Commercial Telematics Players
7.1 Trimble
7.1.1 Company Snapshot
7.1.2 Product/Service Offered
7.1.3 Business Performance (Sales, Price, Revenue, Gross Margin and Market Share)
7.2 Verizon Connect
7.3 Geotab
7.4 Webfleet (formerly TomTom Telematics)
7.5 Solera (formerly Omnitracs)
7.6 CalAmp
7.7 Daimler Fleetboard
7.8 MiX Telematics
7.9 Zonar Systems
7.10 Teletrac Navman
7.11 Masternaut (Michelin)
7.12 KORE Wireless
7.13 Motive Technologies
7.14 Continental
7.15 Bosch
7.16 Wabco
7.17 Ctrack
7.18 AirIQ
7.19 Actsoft
Chapter 8 Upstream and Downstream Analysis of Commercial Telematics
8.1 Industrial Chain of Commercial Telematics
8.2 Upstream of Commercial Telematics
8.3 Downstream of Commercial Telematics
Chapter 9 Development Trend of Commercial Telematics (2023-2031)
9.1 Global Commercial Telematics Market Size (Sales and Revenue) Forecast (2023-2031)
9.2 Global Commercial Telematics Market Size and CAGR Forecast by Region (2023-2031)
9.3 Global Commercial Telematics Market Size and CAGR Forecast by Type (2023-2031)
9.4 Global Commercial Telematics Market Size and CAGR Forecast by Application (2023-2031)
9.5 Global Commercial Telematics Market Size and CAGR Forecast by Sales Channel (2023-2031)
Chapter 10 Appendix
10.1 Research Methodology
10.2 Data Sources
10.3 Disclaimer
10.4 Analysts Certification
List of Tables and Figures_x000D_
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Figure Commercial Telematics Example_x000D_
Figure Global Commercial Telematics Revenue (Million $) Status and Outlook (2017-2031)_x000D_
Figure Global Commercial Telematics Revenue (Million $) Comparison by Region (2017-2031)_x000D_
Figure Global Commercial Telematics Revenue (Million $) Comparison by Type (2017-2031)_x000D_
Figure Global Commercial Telematics Revenue (Million $) Comparison by Application (2017-2031)_x000D_
Figure Global Commercial Telematics Revenue (Million $) Comparison by Sales Channel (2017-2031)_x000D_
Table Global Commercial Telematics Sales by Player (2020-2022)_x000D_
Table Global Commercial Telematics Sales Market Share by Player (2020-2022)_x000D_
Figure Global Commercial Telematics Sales Market Share by Player in 2022_x000D_
Table Global Commercial Telematics Revenue (Million $) by Player (2020-2022)_x000D_
Table Global Commercial Telematics Revenue Market Share by Player (2020-2022)_x000D_
Figure Global Commercial Telematics Revenue Market Share by Player in 2022_x000D_
Table Global Commercial Telematics Average Price by Player (2020-2022)_x000D_
Figure Global Commercial Telematics Average Price by Player in 2022_x000D_
Figure Global Commercial Telematics Players Competition Situation – Top 5 Players’ Revenue Market Share in 2020_x000D_
Figure Global Commercial Telematics Players Competition Trends – Top 5 Players’ Revenue Market Share in 2022_x000D_
Figure Example of Hardwired Install Telematics_x000D_
Figure Global Hardwired Install Telematics Revenue (Million $) and Growth Rate (2017-2022)_x000D_
Figure Example of Plug-and-Play Telematics_x000D_
Figure Global Plug-and-Play Telematics Revenue (Million $) and Growth Rate (2017-2022)_x000D_
Figure Example of Smartphone-based Telematics_x000D_
Figure Global Smartphone-based Telematics Revenue (Million $) and Growth Rate (2017-2022)_x000D_
Table Global Commercial Telematics Sales by Type (2017-2022)_x000D_
Table Global Commercial Telematics Sales Market Share by Type (2017-2022)_x000D_
Figure Global Commercial Telematics Sales Market Share by Type in 2022_x000D_
Table Global Commercial Telematics Revenue (Million $) by Type (2017-2022)_x000D_
Table Global Commercial Telematics Revenue Market Share by Type (2017-2022)_x000D_
Figure Global Commercial Telematics Revenue Market Share by Type in 2022_x000D_
Table Global Commercial Telematics Average Price by Type (2017-2022)_x000D_
Figure Global Commercial Telematics Average Price by Type in 2022_x000D_
Table Leading Players of Commercial Telematics by Type in 2022_x000D_
Figure Example of Light Duty Trucks_x000D_
Figure Global Commercial Telematics for Light Duty Trucks Revenue (Million $) and Growth Rate (2017-2022)_x000D_
Figure Example of Medium Duty Trucks_x000D_
Figure Global Commercial Telematics for Medium Duty Trucks Revenue (Million $) and Growth Rate (2017-2022)_x000D_
Figure Example of Heavy Duty Trucks_x000D_
Figure Global Commercial Telematics for Heavy Duty Trucks Revenue (Million $) and Growth Rate (2017-2022)_x000D_
Table Global Commercial Telematics Sales by Application (2017-2022)_x000D_
Table Global Commercial Telematics Sales Market Share by Application (2017-2022)_x000D_
Figure Global Commercial Telematics Sales Market Share by Application in 2022_x000D_
Table Leading Consumers of Commercial Telematics by Application in 2022_x000D_
Figure Example of Direct Channel_x000D_
Figure Global Commercial Telematics for Direct Channel Revenue (Million $) and Growth Rate (2017-2022)_x000D_
Figure Example of Distribution Channel_x000D_
Figure Global Commercial Telematics for Distribution Channel Revenue (Million $) and Growth Rate (2017-2022)_x000D_
Table Global Commercial Telematics Revenue by Sales Channel (2017-2022)_x000D_
Table Global Commercial Telematics Revenue Market Share by Sales Channel (2017-2022)_x000D_
Figure Global Commercial Telematics Revenue Market Share by Sales Channel in 2022_x000D_
Table Leading Distributors/Dealers of Commercial Telematics by Sales Channel in 2022_x000D_
Table Global Commercial Telematics Market Size and CAGR by Region (2017-2031)_x000D_
Table Global Commercial Telematics Sales by Region (2017-2022)_x000D_
Table Global Commercial Telematics Sales Market Share by Region (2017-2022)_x000D_
Figure Global Commercial Telematics Sales Market Share by Region in 2022_x000D_
Table Global Commercial Telematics Revenue (Million $) by Region (2017-2022)_x000D_
Table Global Commercial Telematics Revenue Market Share by Region (2017-2022)_x000D_
Figure Global Commercial Telematics Revenue Market Share by Region in 2022_x000D_
Table North America Commercial Telematics Sales by Country (2017-2022)_x000D_
Figure North America Commercial Telematics Sales Market Share by Country (2017-2022)_x000D_
Table North America Commercial Telematics Revenue by Country (2017-2022)_x000D_
Figure North America Commercial Telematics Revenue Market Share by Country (2017-2022)_x000D_
Figure North America Commercial Telematics Market Share by Type in 2022_x000D_
Figure North America Commercial Telematics Market Share by Application in 2022_x000D_
Figure United States Commercial Telematics Sales and Growth Rate (2017-2022)_x000D_
Figure United States Commercial Telematics Revenue (Million $) and Growth Rate (2017-2022)_x000D_
Figure Canada Commercial Telematics Sales and Growth Rate (2017-2022)_x000D_
Figure Canada Commercial Telematics Revenue (Million $) and Growth Rate (2017-2022)_x000D_
Table Europe Commercial Telematics Sales by Country (2017-2022)_x000D_
Figure Europe Commercial Telematics Sales Market Share by Country (2017-2022)_x000D_
Table Europe Commercial Telematics Revenue by Country (2017-2022)_x000D_
Figure Europe Commercial Telematics Revenue Market Share by Country (2017-2022)_x000D_
Figure Europe Commercial Telematics Market Share by Type in 2022_x000D_
Figure Europe Commercial Telematics Market Share by Application in 2022_x000D_
Figure Germany Commercial Telematics Sales and Growth Rate (2017-2022)_x000D_
Figure Germany Commercial Telematics Revenue (Million $) and Growth Rate (2017-2022)_x000D_
Figure UK Commercial Telematics Sales and Growth Rate (2017-2022)_x000D_
Figure UK Commercial Telematics Revenue (Million $) and Growth Rate (2017-2022)_x000D_
Figure France Commercial Telematics Sales and Growth Rate (2017-2022)_x000D_
Figure France Commercial Telematics Revenue (Million $) and Growth Rate (2017-2022)_x000D_
Figure Italy Commercial Telematics Sales and Growth Rate (2017-2022)_x000D_
Figure Italy Commercial Telematics Revenue (Million $) and Growth Rate (2017-2022)_x000D_
Figure Spain Commercial Telematics Sales and Growth Rate (2017-2022)_x000D_
Figure Spain Commercial Telematics Revenue (Million $) and Growth Rate (2017-2022)_x000D_
Figure Russia Commercial Telematics Sales and Growth Rate (2017-2022)_x000D_
Figure Russia Commercial Telematics Revenue (Million $) and Growth Rate (2017-2022)_x000D_
Table Asia-Pacific Commercial Telematics Sales by Country (2017-2022)_x000D_
Figure Asia-Pacific Commercial Telematics Sales Market Share by Country (2017-2022)_x000D_
Table Asia-Pacific Commercial Telematics Revenue by Country (2017-2022)_x000D_
Figure Asia-Pacific Commercial Telematics Revenue Market Share by Country (2017-2022)_x000D_
Figure Asia-Pacific Commercial Telematics Market Share by Type in 2022_x000D_
Figure Asia-Pacific Commercial Telematics Market Share by Application in 2022_x000D_
Figure China Commercial Telematics Sales and Growth Rate (2017-2022)_x000D_
Figure China Commercial Telematics Revenue (Million $) and Growth Rate (2017-2022)_x000D_
Figure Japan Commercial Telematics Sales and Growth Rate (2017-2022)_x000D_
Figure Japan Commercial Telematics Revenue (Million $) and Growth Rate (2017-2022)_x000D_
Figure Korea Commercial Telematics Sales and Growth Rate (2017-2022)_x000D_
Figure Korea Commercial Telematics Revenue (Million $) and Growth Rate (2017-2022)_x000D_
Figure India Commercial Telematics Sales and Growth Rate (2017-2022)_x000D_
Figure India Commercial Telematics Revenue (Million $) and Growth Rate (2017-2022)_x000D_
Figure Southeast Asia Commercial Telematics Sales and Growth Rate (2017-2022)_x000D_
Figure Southeast Asia Commercial Telematics Revenue (Million $) and Growth Rate (2017-2022)_x000D_
Figure Australia Commercial Telematics Sales and Growth Rate (2017-2022)_x000D_
Figure Australia Commercial Telematics Revenue (Million $) and Growth Rate (2017-2022)_x000D_
Table South America Commercial Telematics Sales by Country (2017-2022)_x000D_
Figure South America Commercial Telematics Sales Market Share by Country (2017-2022)_x000D_
Table South America Commercial Telematics Revenue by Country (2017-2022)_x000D_
Figure South America Commercial Telematics Revenue Market Share by Country (2017-2022)_x000D_
Figure South America Commercial Telematics Market Share by Type in 2022_x000D_
Figure South America Commercial Telematics Market Share by Application in 2022_x000D_
Figure Brazil Commercial Telematics Sales and Growth Rate (2017-2022)_x000D_
Figure Brazil Commercial Telematics Revenue (Million $) and Growth Rate (2017-2022)_x000D_
Figure Mexico Commercial Telematics Sales and Growth Rate (2017-2022)_x000D_
Figure Mexico Commercial Telematics Revenue (Million $) and Growth Rate (2017-2022)_x000D_
Figure Argentina Commercial Telematics Sales and Growth Rate (2017-2022)_x000D_
Figure Argentina Commercial Telematics Revenue (Million $) and Growth Rate (2017-2022)_x000D_
Figure Colombia Commercial Telematics Sales and Growth Rate (2017-2022)_x000D_
Figure Colombia Commercial Telematics Revenue (Million $) and Growth Rate (2017-2022)_x000D_
Table Middle East & Africa Commercial Telematics Sales by Country (2017-2022)_x000D_
Figure Middle East & Africa Commercial Telematics Sales Market Share by Country (2017-2022)_x000D_
Table Middle East & Africa Commercial Telematics Revenue by Country (2017-2022)_x000D_
Figure Middle East & Africa Commercial Telematics Revenue Market Share by Country (2017-2022)_x000D_
Figure Middle East & Africa Commercial Telematics Market Share by Type in 2022_x000D_
Figure Middle East & Africa Commercial Telematics Market Share by Application in 2022_x000D_
Figure Turkey Commercial Telematics Sales and Growth Rate (2017-2022)_x000D_
Figure Turkey Commercial Telematics Revenue (Million $) and Growth Rate (2017-2022)_x000D_
Figure UAE Commercial Telematics Sales and Growth Rate (2017-2022)_x000D_
Figure UAE Commercial Telematics Revenue (Million $) and Growth Rate (2017-2022)_x000D_
Figure Saudi Arabia Commercial Telematics Sales and Growth Rate (2017-2022)_x000D_
Figure Saudi Arabia Commercial Telematics Revenue (Million $) and Growth Rate (2017-2022)_x000D_
Figure South Africa Commercial Telematics Sales and Growth Rate (2017-2022)_x000D_
Figure South Africa Commercial Telematics Revenue (Million $) and Growth Rate (2017-2022)_x000D_
Table Company Snapshot of Trimble_x000D_
Table Commercial Telematics Introduction of Trimble_x000D_
Table Commercial Telematics Sales, Price, Revenue, Gross Margin and Market Share of Trimble (2020-2022)_x000D_
Table Industrial Chain of Commercial Telematics_x000D_
Table Manufacturing Cost Structure of Commercial Telematics_x000D_
Table General Manufacturing Process of Commercial Telematics_x000D_
Table Leading Distributors/Dealers of Commercial Telematics_x000D_
Table Leading Consumers of Commercial Telematics_x000D_
Figure Global Commercial Telematics Sales and Growth Rate Forecast (2023-2031)_x000D_
Figure Global Commercial Telematics Revenue and Growth Rate Forecast (2023-2031)_x000D_
Table Global Commercial Telematics Market Size and CAGR Forecast by Region (2023-2031)_x000D_
Table Global Commercial Telematics Market Size and CAGR Forecast by Type (2023-2031)_x000D_
Table Global Commercial Telematics Market Size and CAGR Forecast by Application (2023-2031)_x000D_
Table Global Commercial Telematics Market Size and CAGR Forecast by Sales Channel (2023-2031)_x000D_
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Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
Historical Data (2015-2019) |
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Influencing Factors |
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Market Forecast (2021-2026) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
Market Size |
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Market Position of Top Company |
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Qualitative Analysis |
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
Primary Sources | Parameters | Key Data |
Market Segments(by Application, by Type) |
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Total Market |
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