DUBLIN, Nov. 25, 2022 /PRNewswire/ — The “Global Commercial Vehicle Telematics Market: OEM and Aftermarket” report has been added to ResearchAndMarkets.com’s offering.
Telematics for commercial vehicles is continuously growing with the prevalence of subscription-based pricing models. This model allows telematics users (fleet managers and vehicle owners) to pay a premium according to the chosen telematics features. Due to this trend, core software in estan in the business. Automotive vehicle and hardware manufacturers are working collaboratively as software rapidly replaces vehicle hardware. Apart from the automotive companies, there is a wide variety of end users for telematic businesses interested only in the data collected through compliance risks for telematics ( strategic planning).
The aftermarket players have notable command of commercial vehicle telematics. The OEM segment is emerging with government support. The regional government is mandated to use essential telematics features (safety services, vehicle navigation and others). neutral economy.
Commercial vehicle telematic service providers are focused on working with OEMs to activate telematics devices in factor-fitted vehicles without installing additional hardware. Telematics service providers in North America and Europe are highly focused OEMs (General Motors, Ford, Toyota, …