Global Commercial Telematics System Revenue to Reach $24B by 2022

"According to the Federal Motor Carrier Safety Administration (FMCSA), in 2017, 67% of U.S.-based fleets have 20 or fewer units.  Many of these fleets were without telematics units, providing a significant upside this year for ELD's," says Susan Beardslee, Senior Analyst at ABI Research.  "Substantial growth in e-commerce is putting further emphasis on last mile delivery and the need to manage capacity for fleets, both in North America and across multiple geographies." 

"According to the Federal Motor Carrier Safety Administration (FMCSA), in 2017, 67% of U.S.-based fleets have 20 or fewer units.  Many of these fleets were without telematics units, providing a significant upside this year for ELD's," says Susan Beardslee, Senior Analyst at ABI Research.  "Substantial growth in e-commerce is putting further emphasis on last mile delivery and the need to manage capacity for fleets, both in North America and across multiple geographies." 

ABI Research anticipates global commercial telematics system subscriptions to rise across trucking segments from 33 million this year to over 67 million by 2022.  The industry continues to develop innovative solutions, targeted to specific geographies and/or verticals as well as evolve existing technologies to support Advanced Driver-Assistance Systems (ADAS) and regulatory requirements.  Companies such as Verizon, Omnitracs, G7, Trimble, TomTom Telematics, Gurtam, Geotab and MiX Telematics are addressing many of these segments.

"Commercial telematics providers will continue to expand their market presence through the introduction of connected, secure and scalable innovations including gateways, prognostics, open APIs/SDK's, and ecosystem marketplaces. More nascent technologies such as blockchain, autonomy and electrification will impact the industry in the coming years," concludes Beardslee.

These findings are from ABI Research's Commercial Telematics Market Data report. This report is part of the company's Intelligent Transportation and eFreight  research service, which includes research, data, and analyst insights.  

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