Trailer Telematics Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

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.

MARKET DYNAMICS

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.

MARKET SCOPE

The "Global Trailer Telematics Market Analysis to 2031" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of the trailer telematics market with detailed market segmentation - power source, component, products, type, and geography. The global trailer telematics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading trailer telematics market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

  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.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global trailer telematics market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America (SAM). The trailer telematics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

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.

MARKET PLAYERS

The reports cover key developments in the trailer telematics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from trailer telematics market are anticipated to lucrative growth opportunities in the future with the rising demand for trailer telematics in the global market. Below mentioned is the list of few companies engaged in the trailer telematics market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the trailer telematics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   PTC, Inc.
  
•   TomTom Telematics BV
  
•   WABCO Corporation
  
•   NOVACOM SERVICES
  
•   MiX Telematics
  
•   Verizon
  
•   BPW Bergische Achsen Limited
  
•   Tirsan
  
•   Truck-Lite Co.
  
•   CalAmp Corporation
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Trailer Telematics Report Scope

Report Attribute	Details
Market size in 2023	US$ XX Million
Market Size by 2031	US$ XX Million
Global CAGR (2023 - 2031)	XX%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Power Source Wired Devices Solar Battery Operated Devices Self-contained Battery Operated Devices By Component Solution Services By Component Telematics Control Unit Navigation Unit Communication Devices By Type Full Trailer Semi-Trailer
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	PTC, Inc. TomTom Telematics BV WABCO Corporation NOVACOM SERVICES MiX Telematics Verizon BPW Bergische Achsen Limited Tirsan Truck-Lite Co.