Global Connected Truck Telematics Outlook, 2020

Global Connected Truck Telematics Outlook, 2020

Delicate Global Economic Situation Due to the COVID-19 Pandemic Presents Precarious Market Conditions; Revival Likely in the Later Half of the Year

RELEASE DATE
03-Jun-2020
REGION
Global
Research Code: MED3-01-00-00-00
SKU: AU02005-GL-MO_24454

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Description

The global COVID-19 pandemic and the subsequent recession like global economic slowdown has left governments and markets stumbling in a directionless chaos and uncertainty. In the midst of a lurking global recession catalysed by the uncontrolled spread of the COVID-19 virus, companies and leaders invariably fall short of prompt decision-making, subsequently missing out on potential opportunities during such times of great distress.

The connected truck telematics market in 2019 was marked by several key strategic acquisitions and new market entries all over the globe. It is undergoing a tectonic change on technological and business aspects. Overall growth in 2020 seems to be in a precarious state. Companies worldwide are expected to be conservative in making big financial decisions and acquisitions. The full extent of the pandemic and its effects will be hard to predict at an early stage. Most nations are expected to see growth rates in single digits for the first time owing to the COVID-19 pandemic. Recovery is expected to be slow around the second half of 2020.


Research Highlights

The research focuses deeply on key market trends. Key trends covered include convergence, 3G sunset, video intelligence, data monetisation, prognostics and electrification. In addition, this research also analyses regional trends in services, solutions and technologies for specific segments, such as light commercial vehicles, medium commercial vehicles and heavy commercial vehicles. Top connected fleet services and features are highlighted along with a fleet pricing analysis. A comparison of performance of the connected truck ecosystem in 2019 and in 2020 with respect to acquisitions, new product developments, OEM introductions and new technologies, along with imminent predictions for 2020, is presented in detail.

OEM sales are expected to plummet to record low levels. From a more common perspective, along with OEMs, telematics service providers (TSPs) will also be expected to witness a decline in their sales. Connectivity solutions will play a crucial role during such tough times. There will be more fleets that will be looking to save money by improving whatever minimal operation that the situation allows for. Implementation of large-scale deployments in enterprise fleets and owner-operator fleets will likely be postponed. Enterprise fleets will halt any large-scale deployment of telematics solutions because of the cash crunch that they might be facing during this situation. Small- and medium-sized fleets are likely to adopt a basic range of solutions on a flexible purchase model.

This research sheds light on strategies to tackle the current challenge and to find hidden potential or opportunity that can be converted to growth prospects. Telematics vendors will have to look for opportunities during these challenging times and play them to their advantage. TSPs will have to zero in on ways the current market situation will impact their business and should realign their strategies and implement immediate best practices and methods to ensure that they ride out the high tide. Finding and leveraging potential growth opportunities will be crucial for both TSPs and fleets/fleet owners.

This research also provides several interesting perceptions based on extensively conducted comprehensive scenario based analysis centred on the current world scenario on key industries and markets to enable clients survive the present challenge and to thrive in the future.

Author: Mugundhan Deenadayalan

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

2019 Recap

Key Findings—Top 5 Predictions for 2020

Regional Connected Truck Telematics Market—LCV, MCV, and HCV

Frost & Sullivan Regional Outlook—Key Talking Points

Regional Analysis by Service Revenue

Connected Truck Telematics Market—Management’s Top-of-Mind Issues

Key Questions this Study will Answer

COVID-19 Global Economic Impact—Visioning Scenarios

Regional GDP—Quarter by Quarter Impact Analysis for Key Regions

Crude Oil Forecast—Quarter by Quarter (price to drop by $34.8 or less)

Global, Advanced, and Emerging Markets Growth

Global Economic Outlook 2020—Top 5 Predictions

Global Economic Outlook 2020—Top 5 Predictions (continued)

2020 World GDP Growth Snapshot

Major Economies—Key Predictions for 2020

Economic Stimulus Measures By Country—Revenue Grant

Research Scope

CV—Definitions and Segments

Definitions—Types of Telematics Solutions

Definitions—Types of Business Models

Notable Regulations and Mandates—A Snapshot

Notable Regulations and Mandates—A Snapshot (continued)

Notable Mergers & Acquisitions in 2019

Start-up Ecosystem

Impact of COVID-19 on Start-up Companies

Top Global TSPs

Top Global TSPs (continued)

Top Global TSPs (continued)

OEM Telematics

OEM Telematics (continued)

Tier-1 Telematics

Top Trends Driving the Global Connected Truck Telematics Market

Trend 1—COVID-19 and Global Recession

Trend 2—Convergence

Trend 3—3G Sunset

Trend 4—Video Intelligence

Trend 5—Data Monetisation

Trend 6—Prognostics as a Service

Trend 7—Electrification

Trends Across Regions

Regional Connected Truck Market Forecast by Product Type

Regional Pricing and Service Model Analysis—2019

FMS Packaging—Outlook for Individual Services’ Integration

Impact of COVID-19 on Telematics Solutions—Growth Opportunities

Mortality Matrix—Fleet Telematics Services Impact Recovery Matrix

Impact of COVID-19 on Telematics Solutions

Impact of COVID-19 on Telematics Solutions (continued)

Telematics Services To Find Growth During COVID-19—20 Growth Areas

Global LCV Trucks Market Forecast—By Weight Segment

Global MD and HD Trucks Market Forecast—By Region

Global MD and HD Trucks Market Forecast—Overview

Global LCV Sales of Top 20 OEM Groups

CV Market—2019 OEM Sales Performance

2019 Regional Analysis—NA

2019 Vendor Analysis—NA

2019 Regional Analysis—Europe

2019 Vendor Analysis—Europe

2019 Regional Analysis—LATAM

2019 Vendor Analysis—LATAM

2019 Regional Analysis—RSA

2019 Vendor Analysis—RSA

2019 Regional Analysis—India

2019 Vendor Analysis—India

2019 Regional Analysis—Russia & CIS

2019 Vendor Analysis—Russia & CIS

2019 Regional Analysis—ANZ

2019 Vendor Analysis—ANZ

Telematics Installed Base—YoY Growth Scenarios

Snapshot of Global Installed Base of Connected Trucks by Region

Regional Connected Truck Market Outlook—LCV, MCV and HCV

Global Connected LCV and M/HCV Contribution

Regional LCV and M/HCV Telematics Penetration

Regional Connected Truck Telematics Market—Service Revenue Analysis

Regional Analysis by Service Revenue

Growth Opportunity—Technology and Partnerships

Strategic Imperatives

Outlook 2020—Top Global Vendors To Look Out For

Key OEM Risk Mitigation Strategies by Region

The Last Word—3 Big Predictions

Legal Disclaimer

Abbreviations and Acronyms Used

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

Related Research
The global COVID-19 pandemic and the subsequent recession like global economic slowdown has left governments and markets stumbling in a directionless chaos and uncertainty. In the midst of a lurking global recession catalysed by the uncontrolled spread of the COVID-19 virus, companies and leaders invariably fall short of prompt decision-making, subsequently missing out on potential opportunities during such times of great distress. The connected truck telematics market in 2019 was marked by several key strategic acquisitions and new market entries all over the globe. It is undergoing a tectonic change on technological and business aspects. Overall growth in 2020 seems to be in a precarious state. Companies worldwide are expected to be conservative in making big financial decisions and acquisitions. The full extent of the pandemic and its effects will be hard to predict at an early stage. Most nations are expected to see growth rates in single digits for the first time owing to the COVID-19 pandemic. Recovery is expected to be slow around the second half of 2020.--BEGIN PROMO--

Research Highlights

The research focuses deeply on key market trends. Key trends covered include convergence, 3G sunset, video intelligence, data monetisation, prognostics and electrification. In addition, this research also analyses regional trends in services, solutions and technologies for specific segments, such as light commercial vehicles, medium commercial vehicles and heavy commercial vehicles. Top connected fleet services and features are highlighted along with a fleet pricing analysis. A comparison of performance of the connected truck ecosystem in 2019 and in 2020 with respect to acquisitions, new product developments, OEM introductions and new technologies, along with imminent predictions for 2020, is presented in detail.

OEM sales are expected to plummet to record low levels. From a more common perspective, along with OEMs, telematics service providers (TSPs) will also be expected to witness a decline in their sales. Connectivity solutions will play a crucial role during such tough times. There will be more fleets that will be looking to save money by improving whatever minimal operation that the situation allows for. Implementation of large-scale deployments in enterprise fleets and owner-operator fleets will likely be postponed. Enterprise fleets will halt any large-scale deployment of telematics solutions because of the cash crunch that they might be facing during this situation. Small- and medium-sized fleets are likely to adopt a basic range of solutions on a flexible purchase model.

This research sheds light on strategies to tackle the current challenge and to find hidden potential or opportunity that can be converted to growth prospects. Telematics vendors will have to look for opportunities during these challenging times and play them to their advantage. TSPs will have to zero in on ways the current market situation will impact their business and should realign their strategies and implement immediate best practices and methods to ensure that they ride out the high tide. Finding and leveraging potential growth opportunities will be crucial for both TSPs and fleets/fleet owners.

This research also provides several interesting perceptions based on extensively conducted comprehensive scenario based analysis centred on the current world scenario on key industries and markets to enable clients survive the present challenge and to thrive in the future.

Author: Mugundhan Deenadayalan

More Information
No Index No
Podcast No
Author Mugundhan Deenadayalan
Industries Automotive
WIP Number MED3-01-00-00-00
Is Prebook No
GPS Codes 9800-A6,9B01-A6,9963-A6,9AF6-A6