Commercial Vehicle Telematics Market 2022 Global Outlook, Research, Trends and Forecast to 2030
Commercial Vehicle Telematics Market Highlights Commercial Vehicle Telematics Market size is anticipated to register a significant CAGR of 9% Forecast Period. Telematics is methodology of monitoring the location and movement of vehicle by combination of Global Positioning System (GPS) and on-boards diagnostics systems. With the help of GPS and diagnostics system, it is possible to record the speed and internal behavior of the vehicle. It provides services such as safety, security, and navigation to the vehicle. Telematics systems are majorly adopted by the automobile insurance companies, fleet management companies, and others to monitor the location and behavior of the vehicle. Global Commercial Vehicle Telematics Market refers to the services and solutions that are adopted for monitoring and controlling a commercial vehicle through a telecommunication device. A Fleet Telematics System (FTS) allows the exchange of information between a commercial vehicle fleet and the central auth