TelecomTV TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Directory
  • Smart Studio
  • Surveys
  • Debates
  • Perspectives
  • DSP Leaders World Forum
  • DSP Leaders
  • Great Telco Debate
    • |
    • Follow
    • |
    • Subscribe
  • |
  • More
  • Webcasts
  • Surveys
  • Debates
  • Perspectives
  • Great Telco Debate
  • |
  • Follow TelecomTV
  • |
    • Subscribe
    • |
  • About
  • Privacy
  • Help
  • Contact
  • Follow TelecomTV
  • About
  • Privacy
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

Automotive

TelecomTV TRACKER

Sourced by TelecomTV's TRACKER platform
from ABI Research Media Releases

Automotive

Emerging Markets, ADAS, and Cold-Chain Driving Global Commercial Vehicle Telematics Revenues to Over US$29 Billion by 2024

Via ABI Research Media Releases

Apr 25, 2019

Oyster Bay, New York - 25 Apr 2019

Global commercial telematics system revenues will nearly double by 2024 to over US$29 Billion, with subscriptions to exceed 86 million in the same timeframe, according to ABI Research , a market-foresight advisory firm providing strategic guidance on the most compelling transformative technologies. Increasing opportunities in last-mile delivery led by e-commerce, the need for greater transparency and connectivity as well as the emergence of Level 2 SAE commercial vehicles all will enable the technology to achieve a subscription CAGR of approximately 14%.

“The commercial telematics industry continues to attract investments, acquisitions, and geographic expansion to capture recurring revenue streams as well as new vertical and market penetration opportunities,” said Susan Beardslee, Principal Analyst at ABI Research. Services-based commercial vehicles including utilities, cable/telco, and trades will see a 19% CAGR from 2019 to 2024.

Telematics for cold-chain applications represent a significant opportunity, especially for fresh and processed food, as food safety concerns grow in light of multiple recent recalls. Global revenues will grow to nearly US$2 Billion by 2024 for this category alone. Commercial telematics providers that offer cold-chain solutions include MiX Telematics, Trimble, Verizon, Gurtam, and Orbcomm.

ADAS capabilities will increasingly be integrated with factory-installed telematics and transmit data to those telematics devices. Trucks will begin to ship this year with SAE Level 2 automation, and growing to over 224,000 units shipped by 2024, at a nearly 18% CAGR for use cases such as driver behavior monitoring and insurance telematics.

These findings are from ABI Research’s Commercial Telematics market data report. This is part of the company’s Intelligent Transportation & eFreight research service, which includes research, data, and Executive Foresights. Market Data spreadsheets are composed of deep data, market share analysis, and highly segmented, service-specific forecasts to provide detailed insight where opportunities lie.

Related Topics
  • ABI Research,
  • Automotive,
  • Global,
  • Internet of Things,
  • IoT Devices,
  • IoT Services & Applications,
  • Tracker

More Like This

Access Evolution

What’s up with… Broadband cord cutting, HPE, Deutsche Telekom

Mar 3, 2021

AI, Analytics & Automation

What’s up with… Verizon, Dish Network, CETIN, Telenor Myanmar

Feb 16, 2021

5G

What’s up with… Qualcomm + Altran, Orange, Coherent

Feb 15, 2021

5G

Qualcomm drives 4G LTE and 5G global momentum for connected cars with Snapdragon Automotive Wireless Platforms

Jan 27, 2021

5G

Qualcomm and NIO bring immersive driving experiences with Intelligent Cockpit and 5G technologies to NIO ET7

Jan 9, 2021

This content extract was originally sourced from an external website (ABI Research Media Releases) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.

Subscribe

Top Picks

Highlights of our content from across TelecomTV today

15:12

Deutsche Telekom's Abdurazak Mudesir on the expanding Open RAN ecosystem

38:41

The pros and cons of open DSP architectures

10:32

Vodafone UK's Andrea Dona on Open RAN's progress

49:54

Open RAN: what’s the plan for 2021?

  • TelecomTV
  • Decisive Media

TelecomTV is produced by the team at Decisive Media

Menu
  • News
  • Videos
  • Channels
  • Directory
  • Smart Studio
 
  • Surveys
  • Debates
  • Perspectives
  • Events
  • About Us
Our Brands
  • TelecomTV Tracker
  • TelecomTV Perspectives
  • DSP Leaders
  • DSP Leaders World Forum
  • The Great Telco Debate
Get In Touch
[email protected]
+44 (0) 207 448 1070

Request a Media Pack

Follow
  • © Decisive Media Limited 2021. All rights reserved. All brands and products are the trademarks of their respective holder(s).
  • Privacy
  • Terms
  • Legal Notices