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(IT-NEWSWIRE.COM, February 17, 2018 ) Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled “Commercial Telematics Market “
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The global market for commercial telematics is segmented on the basis of market type into OEM telematics and aftermarket telematics. This refers to the stage when the telematics systems are introduced into the vehicle, with OEM telematics systems being installed during manufacture and aftermarket telematics being bought and installed by the customers themselves. Among these two sales channel segments, aftermarket commercial telematics dominate the market, with a 59% share in 2013.
These services are majorly used to provide services such as satellite navigation and infotainment options. The advent of modern wireless connectivity has enhanced both these application sectors, with wireless streaming of infotainment options catching on rapidly among the customer pool.Due to growing government support for the installation of safety telematics services such as satellite navigation and GPS location tracking, the OEM commercial telematics market is expected to expand at a higher CAGR than aftermarket telematics in the forecast period. Government regulations in developed countries with some of the highest concentrations of vehicles, such as the U.S., the U.K., and Germany, are supportive of and often mandate the incorporation of commercial telematics in new vehicles, particularly passenger vehicles. This will help the global commercial telematics market massively.
Among the product types within OEM telematics, embedded commercial telematics hold a dominant 68% share in the commercial telematics market. Hybrid telematics are the other category of commercial telematics and are expected to remain behind embedded commercial telematics in the coming years.
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Within the product category of aftermarket commercial telematics, the major sub-segments are portable and embedded commercial telematics. Unlike the OEM commercial telematics sector, embedded telematics trail in this category, with portable commercial telematics leading with a 71% revenue share in the aftermarket telematics market.
“The main reason for this is the easier upgrading possible with portable telematics,” explains a lead MRRSE analyst. “Replacing embedded telematics systems can be a bothersome task, which doesn’t affect automobile manufacturers, but aftermarket buyers are attracted to portable telematics.”
According to application, fleet and asset management and insurance telematics are the two major segments of the global commercial telematics market: while fleet and asset management led demand from the global market in 2013 with a 30% share, the insurance telematics market is expected to rise at a rampant 34.70% CAGR in the forecast period.
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The major commercial telematics market players profiled in the report include Verizon Communications Inc., MIX Telematics Ltd., Masternaut Limited, Omnitracs LLC, WirelessCar AB, and OnStar LLC.
The global commercial telematics market is segmented as follows:
Commercial Telematics Market, by Type
OEM Telematics
Embedded OEM Systems
Hybrid OEM Systems
Aftermarket Telematics
Embedded Aftermarket Telematics
Portable Aftermarket Telematics
Commercial Telematics Market, by Application
Fleet/Asset Management
Satellite Navigation
Infotainment
Insurance Telematics
Telehealth Solutions
Remote Alarm and Monitoring
Others
Commercial Telematics Market, by End-use Industry
Transportation and Logistics
Healthcare
Construction
Government and Utilities
Insurance
Manufacturing
Commercial Telematics Market, by Geography
North America
Europe
Asia Pacific
Rest of the World
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About Market Research Reports Search Engine (MRRSE)
Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.
MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.
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MRRSE
Alok Kumar
+1-518-730-0559
sales@mrrse.com
Source: EmailWire.Com 
Source: EmailWire.com
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