PTOLEMUS forecasts that 83% of all new on- and off-road vehicles will have embedded telematics by 2024. The number of active fleet telematics subscriptions for on- and off-road fleet vehicles is expected to multiply sixfold, surpassing 150 million in 2030.
By then OEMs will be near parity with TSPs in the fleet management services market, worth €24 billion globally. The fastest growth will come from Asia Pacific, which will expand twice as fast as Europe and North America.
A free abstract of the 635-page report is available here.
Dr Andrew Jackson, Research Director at PTOLEMUS, said: “The majority of OEMs have adopted the strategy of offering free, but often time-limited, telematics solutions with new vehicle or machinery purchases. Scania and John Deere are good examples in this regard.”
This shift from third-party to embedded connectivity will strengthen OEMs’ positioning and help them become a major source of vehicle data for both fleets and TSPs. Furthermore, OEMs’ integrations with TSPs are on the rise, as the examples of Navistar´s partnerships with Geotab, Samsara and Cloudera as well as Daimler’s fully “open” Virtual Vehicle™ illustrate.
The report analyses the strategies, challenges and opportunities for all key players and demonstrates how telematics can provide a 10% cost reduction in the Total Cost of Ownership (TCO) of commercial vehicles. Spanning 18 key countries and regions across 5 continents, the research includes in-depth profiles of 39 TSPs and OEMs. Its market forecasts to 2030 cover Light Commercial Vehicles (LCVs); Heavy Goods Vehicles (HGVs); buses and coaches; construction equipment such as excavators and backhoe loaders; mining vehicles; forestry vehicles and agricultural equipment including tractors and combines.
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PTOLEMUS Consulting Group is the first strategy consulting & research firm entirely focused on connected & autonomous mobility. It assists all leading mobility stakeholders including vehicle manufacturers, tier-1 suppliers, leasing companies and Telematics Service Providers in defining and deploying their strategies.
For more information, please contact Andrew Jackson, Research Director, at fleet@ptolemus.com or visit: www.ptolemus.com.