Press release
Trailer Telematics Market Is Booming Across the Globe and Witness Huge Growth by Key Players to 2028
Trailer Telematics Market
Telematic systems gives their customers a diagnosis of a vehicle`s different operating data and trailer tracking services. Through the telematics system, the user can monitor axle load, brake wear, tire pressure, mileage, and trailer's electronic braking system among other functions.
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Competitive Landscape: Trailer Telematics Market:
• PTC, Inc.
• TomTom Telematics BV
• WABCO Corporation
• NOVACOM SERVICES
• MiX Telematics
• Verizon
• BPW Bergische Achsen Limited
• Tirsan
• Truck-Lite Co.
• CalAmp Corporation
The tracking system assists in enhancing fleet management and facilitates remote diagnostics to give immediate support for drives of fleets to lower downtime. As data can be accessed by utilizing computer, iPad, or mobile, and it decreases operational cost & damages, their demand is increasing. Thus, telematics is receiving popularity in vehicles especially trucks. In addition to this, rising demand for crash-free & safe transportation and need to optimize the fleet management is likely is positively providing ample of growth opportunities to the players operating in the trailer telematics market.
The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the global landscape. The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Trailer Telematics market. The researcher provides an extensive analysis of the Trailer Telematics market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.
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Based on power source, the trailer telematics market is segmented into wired devices, solar battery operated devices, self-contained battery operated devices. On the basis of component, the trailer telematics market is segmented into solution, services. On the basis of products, the trailer telematics market is segmented into telematics, control unit navigation, unit communication devices, others. On the basis of component, the trailer telematics market is segmented into full trailer, semi-trailer.
IMPACT OF COVID-19 ON TRAILER TELEMATICS MARKET
The outbreak of the COVID-19 has negatively impacted the growth of trailer telematics market. The pandemic has caused drastic impact in automorive production and sales. This factor also impacted the procurement of systems like telematics, infotainment, and, ADAS among others used in vehicles to enhance the driving experience. However, with automotive manufactuirng plants started coming back to business, the demand, supply of vehicles increased which resulited into more registrations. This fact will gradually assist in accelerating the penetration of trailer telematics.
The report analyzes factors affecting the trailer telematics market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the trailer telematics in these regions.
In Market Segmentation by Geographical Regions, the report has analyzed the following regions-
• North America (USA, Canada and Mexico)
• Europe(Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Columbia etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.
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