DUBLIN, Sept. 21, 2022 /PRNewswire/ — The “China Commercial Vehicle T-Box Report, 2022” report has been added to ResearchAndMarkets.com’s offering.
TOP 10 commercial vehicle T-Box suppliers: using terminal data to build telematics platforms will become a megatrend.
From the perspective of market size, the pace of popularizing T-Box accelerates in the era of Chinese Phase VI Emission Standards.
Since July 1, 2021the Chinese Phase VI Emission Standards for heavy-duty diesel vehicles have been implemented in an all-round way. Before leaving factories, the vehicles subject to the standards should be equipped with compliant remote emission management terminals (T-Box). Driven by policies, China’s The commercial vehicle T-Box market has made a rapid expansion.
In 2021, China’s commercial vehicle T-Box installation rate hit 45.9%, an increase of 20.3 percentage points over the previous year; the market was valued at RMB1.26 billion.
With the full implementation of the Chinese Phase VI Emission Standards and the growing demand for commercial vehicle telematics, the market demand for T-Box will sustain growth from 2022 to 2025. It is expected that in 2025, the installation rate of commercial vehicle T- Box in China will reach 90%, and the market will be worth over RMB2.2 billionwith an AAGR of around 24%.
Through the lens of products, data application centering on AD/ADAS and telematics will be a trend.
To support more abundant commercial vehicle telematics functions, T-Box technology keeps advancing. Boosted by 5G, big data and cloud computing among others, commercial vehicle T-Box that meets the basic national regulations will head in the following directions:
5G T-Box, C-V2X and high-precision positioning. For example, Jingwei Hirain Technologies …
