Mexican Connected Truck Telematics Growth Opportunities

Mexican Connected Truck Telematics Growth Opportunities

Owing to the Growing Emphasis on Security, Fuel Management and Vehicle and Cargo Safety Solutions are Gaining Momentum in this Intensely Competitive Market

RELEASE DATE
21-Sep-2022
REGION
North America
Research Code: K80B-01-00-00-00
SKU: AU02396-NA-MR_26873
$2,450.00
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$2,450.00

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Description

At present, only 24% of truck fleets in Mexico utilize telematics services; nevertheless, this number is expected to grow in the medium term. Basic solutions are installed in most connected trucks (usually, track and trace solutions), mainly to meet the demands of carriers and insurance companies. However, the need for advanced solutions, such as AI-controlled video cameras, is increasing and making the market more sophisticated, particularly for large fleets. Other solutions related to vehicle management and safety and security are also being requested. In addition to innovative technology, drivers for this market include partnerships between OEMs and TSPs.

In 2021, telematics units in the Mexican market were estimated at 1.01 million, and they were used in a wide range of segments—from agriculture and oil and gas to retail and delivery services, healthcare, food and beverage, and automotive. The key telematics service providers covered in this study include Copiloto Satelital, Encontrack, Omnitracks, Sitrack, and Tecnomotum. Other notable OEMs include Volvo, Scania, MAN/Volkswagen, Freightliner, Kenworth, and International Navistar. The market is heavily fragmented, with companies specializing in specific solutions.

This Frost & Sullivan research service performs a comprehensive analysis of the Mexican connected trucks telematics market, which includes market growth opportunities; industry KPIs and micro and macroeconomic growth trends have been taken into consideration for the market forecast. The study provides meaningful insights for telematics providers (OEMs and TSPs) wishing to explore this growing and competitive market.

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Connected Truck Telematics Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Key Findings

Roadmap of the Mexican Connected Truck Telematics Market

Growth Metrics

PESTLE Analysis, 2021

Connected Trucks Telematic Outlook

Regulations

Regulations (continued)

Regulations (continued)

Regulations (continued)

Scope of Analysis

Questions this Study will Answer

Vehicle Segmentation

Fleet Size and Distance Driven Segmentation

Business Model Types

Solution Types

Overview of Main Telematics Services

Market Trends

Installed Base Forecast

TSPs Operating in Mexico

OEMs Operating in Mexico

Ecosystem Partners and Local Partnerships

Telematics Product Type Range

Telematics Product Package Range

Competitive Force Analysis

Mexican Telematics Market—Installed Base by Contribution

Installed Base Forecast

Market Share Analysis

Opportunity by Hardware Type

Opportunity by Package Type

Opportunity by Service—Top 3 Services

Opportunity by Vehicle Type

Opportunity by Fleet Type

Opportunity by Industry Type

Opportunity by Solution Type

Opportunity by Solution Type (continued)

Main Opportunity by Region

Growth Opportunity 1—AI Solutions and Real-time Communication

Growth Opportunity 1—AI Solutions and Real-time Communication (continued)

Growth Opportunity 2—Last-mile Delivery

Growth Opportunity 2—Last-mile Delivery (continued)

Growth Opportunity 3—Open Telematics Systems

Growth Opportunity 3—Open Telematics Systems (continued)

Strategic Imperatives for Success and Growth

The Last Word—3 Big Predictions

Abbreviations and Acronyms

List of Exhibits

Legal Disclaimer

At present, only 24% of truck fleets in Mexico utilize telematics services; nevertheless, this number is expected to grow in the medium term. Basic solutions are installed in most connected trucks (usually, track and trace solutions), mainly to meet the demands of carriers and insurance companies. However, the need for advanced solutions, such as AI-controlled video cameras, is increasing and making the market more sophisticated, particularly for large fleets. Other solutions related to vehicle management and safety and security are also being requested. In addition to innovative technology, drivers for this market include partnerships between OEMs and TSPs. In 2021, telematics units in the Mexican market were estimated at 1.01 million, and they were used in a wide range of segments—from agriculture and oil and gas to retail and delivery services, healthcare, food and beverage, and automotive. The key telematics service providers covered in this study include Copiloto Satelital, Encontrack, Solera Omnitracs, Sitrack, and Tecnomotum. Other notable OEMs include Volvo, Scania, MAN/Volkswagen, Freightliner, Kenworth, and International Navistar. The market is heavily fragmented, with companies specializing in specific solutions. This Frost & Sullivan research service performs a comprehensive analysis of the Mexican connected trucks telematics market, which includes market growth opportunities; industry KPIs and micro and macroeconomic growth trends have been taken into consideration for the market forecast. The study provides meaningful insights for telematics providers (OEMs and TSPs) wishing to explore this growing and competitive market.
More Information
Author Victoria Rinaldi
Industries Automotive
No Index No
Is Prebook No
Keyword 1 Mexican Connected Truck Market
Keyword 2 Vehicle Telematics Market
Keyword 3 Mexican connected trucks telematics market
Podcast No
WIP Number K80B-01-00-00-00