Wilmington, Delaware, United States, March 15, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. – The global Trailer Telematics Market is likely to grow at a CAGR of 13.5% between 2023 and 2031. Telematics in trailers is the integration of technology in transportation for collecting and transmitting data about the trailer’s operational performance. The information derived from this technology can further be used for multiple applications such as speed monitoring, and live location. The rise in the preference of transport companies to monitor trailers for critical information is projected to boost the global Trailer Telematics Market outlook.
Telematics is capable of monitoring the driving behavior of the operator such as braking patterns, acceleration, and speed. The availability of security and safety features in trailers is projected to help create new business opportunities for the overall industry growth during the forecast period.
According to TMR report, the global Trailer Telematics Market value stood at US$ 780.0 Mn in 2022 and is projected to reach US$ 2.4 Bn by the end of 2031.
Request for a Sample PDF Report with Latest Industry Insights:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=44273
(Use Corporate Mail Id for Quick Response)
Key Findings of Study
- Advent of Geofencing: A telematics system installed in trailers provides multiple security and safety features for protecting the contents of the trailer. Features, such as geofencing, offers the power to fleet managers to virtually set boundaries and receive alerts if a trailer crosses these boundaries. Such features help ensure that the trailers remain in their designated areas.
- Increase in Global Trade Activities: The rise in trade activities at regional, local, as well as international levels is projected to promote the demand for commercial vehicles for goods and product transportation. This directly propels the demand for trailer telematics, thus, creating new business opportunities in the market.
- Record Keeping Feature for Improved Performance of Trailers: Telematics systems help streamline job dispatch, communication, and routing as well as transmit and record information about speed, driver conduct, and engine performance. These factors are further anticipated to aid in market expansion during the forecast period.
Key Drivers
- Rise in adoption of monitoring options for trailers is projected to boost market growth
- Additional facilities such as humidity and temperature control in trailer telematics may accelerate market growth
- Increase in practice of deployment of GPS sensors for tracking location in real time is projected to assist market development for trailer telematics during the forecast period
Buy this Premium Research Report (230 Pages PDF with Insights, Charts, Tables, and Figures):
https://www.transparencymarketresearch.com/checkout.php?rep_id=44273<ype=S
Regional Growth Dynamics
- North America is anticipated to hold dominant global market share during the forecast period on account of the presence of well-established players. Additionally, the presence of a strong trucking sector and stringent road safety rules are anticipated to help North America take a dominant position in the global market during the forecast period.
- The market in Europe is projected to stand in close competition with the market in North America on account of a developed transportation sector. Stringent road safety laws and rapid adoption of advanced technologies are expected to help the Europe Trailer Telematics Market register notable growth in the next few years.
- The market in Asia Pacific is projected to register a stable growth rate during the forecast period owing to the increased presence of major automobile manufacturers and OEMs in countries such as Japan and India. Development of the transportation industry in these nations is further anticipated to help the region register notable growth in the next few years.
Key Players
Prominent players in the global Trailer Telematics Market include
- WBCO Corporation,
- Verizon,
- Truck-Lite Co.LLC.,
- Trimble Inc.,
- TomTom International B.V.,
- Tirsan Solutions,
- Robert Bosch GmbH,
- Philips Connect Technologies,
- Omnitracs,
- Novacom Services,
- MiX Telematics,
- Microlise,
- Masternaut Limited,
- Intel Corporation,
- Inseego Corp.,
- Delphi Technologies,
- Continental AG,
- CalAmp Corporation, and BPW Bergische Achsen KG.
Budget constraints? Contact us for special Pricing:
https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=44273
Trailer Telematics Market Segmentation
Solutions & Services
- Solutions
- Fleet Tracking & Monitoring
- Vehicle Tracking
- Dynamic Routing
- Predictive Maintenance
- Fuel Management
- Driver Management
- Driver Time Analysis
- Driver Behavior Assessment
- Driver Information System
- Safety and Compliance
- Insurance Telematics
- V2X Solutions
- Others
- Fleet Tracking & Monitoring
- Services
- Professional Services
- Managed Services
Application
- Transportation & Logistics
- Healthcare
- Government & Utilities
Trailer Type
- Dry Van
- Flatbed Trailer
- Refrigerated Trailer
- Step Deck Trailer
Utility Trailer
- Semi-trailer
- Tilt-based trailer
- Others
Sales Channel
- Original Equipment Manufacturer (OEM)
- Aftermarket
Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
Country
- U.S.
- Canada
- Germany
- U.K.
- France
- Italy
- Russia & CIS
- Spain
- Japan
- China
- India
- ASEAN
- GCC
- South Africa
- Brazil
- Mexico
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
Contact:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
