OTR Telematics Market Industry Size, Share, Trends, Competition, Opportunity and Forecast 2026

Summary

Report Description

Global OTR Telematics market is anticipated to grow at a rate of an impressive CAGR in the forecast period, 2022-2026. The need to monitor and analyze the location and behavior of the automobiles by the automotive insurance companies, fleet management companies is the key influencing factor driving the demand for the global OTR Telematics market.

The OTR Telematics is an interdisciplinary field comprising computer science, electrical engineering, informatics, telecommunications, and vehicular technologies to form the OTR telematics systems. OTR Telematics collects and transmits vehicle data, such as speed, maintenance requirements, location, and compares and analyzes the information obtained with other automobiles. OTR Telematics helps in the real-time analysis of the automobile to enhance the efficiency and performance of commercial vehicles, ensure driver safety, and reduce operational and maintenance costs. OTR Telematics solutions can be integrated with the existing automotive system and application and, therefore, can efficiently manage fleets. The main function of OTR Telematics solutions is vehicle tracking, maintenance improvements, insurance risk assessment, safety tracking, and trailer and asset tracking.

High Demand for Ride Sharing Services Driving Market Growth

The ease and convenience of availing ride-sharing services by the consumers are majorly influencing the demand for the global OTR Telematics market. The development of user-friendly mobile applications and website interfaces, along with the availability of lucrative discounts and offers, is accelerating the demand for OTR Telematics solutions around the globe. Consumers actively adopt ride-sharing services for daily commuting purposes as it picks up the consumers from their desired spot. Companies indulging in providing ride-sharing services is fueling the demand for OTR Telematics solutions to monitor the driver behavior and performance, provide easy payment gateways and calculate the ride fare based on the ride maps, and monitor the vehicle behavior through smartphones. The high internet penetration in the developing economies and the proliferation of smart devices are fostering the adoption of OTR Telematics solutions across the globe.

Surge in Adoption of Cloud Solutions Fuels Market Growth

Cloud solutions provide cost-effective solutions, enhanced performance, and are highly scalable according to consumer requirements. The growing adoption of cloud solutions by automotive companies provides the options for data recovery and backup options that are accessible through secondary storage, accelerating the demand for the global OTR Telematics market. The demand for fleet management solutions, increased connectivity, and the surge in awareness regarding the benefits of using smart applications and devices is expected to create huge potential for the growth of global OTR Telematics market. Cloud management solutions help manage the fleet optimization services, track the assets, and monitor the driver behavior efficiently.

Technological Advancements are Influencing the Market Growth

The increase in emerging technologies such as artificial intelligence, the internet of things, big data analytics to develop smart fleet management-based solutions is expected to create huge potential for market growth. These solutions help to analyze and monitor the various information about fleet management, such as fuel analytics, driving patterns, and route planning to increase fuel efficiency and improve the vehicle's overall performance. The use of advanced technologies helps establish seamless connectivity and generate insights that help identify vehicle needs.

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Market Segmentation

The global OTR Telematics market is segmented on the basis of application type, service, connectivity solution, regional distribution, and company. Based on the application type, the market is divided into mining, construction & industrial equipment, agriculture vehicles, and others. Based on the service, the market is segregated into fleet/asset management, navigation, infotainment system, diagnostic, and others. Based on the connectivity solution, the market is categorized into embedded, integrated, and tethered. To analyze the market based on the region, the global OTR Telematics market is studied in major regions namely North America, Asia-pacific, Europe & CIS, South America, Middle East, and Africa.

Market Players

AirIQ Inc., Verizon Communications Inc, MiX Telematics Europe L.td., TomTom N.V., TRIMBLE INC., Actsoft, Inc., HARMAN International Industries, Incorporated, SenSight Technologies Pvt Ltd, Robert Bosch GmbH, Masternaut Limited, are among the major market players that lead the market of the global OTR Telematics market.

Attribute	Details
Base Year	2020
Historical Years	2016–2019
Estimated Year	2021
Forecast Period	2022–2026
Quantitative Units	Revenue in USD Million, and CAGR for 2016-2020 and 2021-2026
Report Coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	· Application Type · Service · Connectivity Solution
Regional Scope	North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa
Country Scope	United States; Canada; Mexico; China; India; Japan; Malaysia; Thailand; Indonesia; Vietnam; South Korea; Germany; France; United Kingdom; Spain; Italy; Belgium; Russia; Brazil; Argentina; Colombia; South Africa; UAE; Saudi Arabia; Egypt
Key Companies Profiled	AirIQ Inc.; Verizon Communications Inc; MiX Telematics Europe L.td.; TomTom N.V.; TRIMBLE INC.; Actsoft, Inc.; HARMAN International Industries, Incorporated; SenSight Technologies Pvt Ltd; Robert Bosch GmbH; Masternaut Limited
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, global OTR Telematics market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

OTR Telematics Market, By Application Type:

Mining
Construction & Industrial Equipment
Agriculture Vehicles
Others

All-Terrain Vehicles
Sports Vehicles

OTR Telematics Market, By Service:

Fleet/Asset Management
Navigation
Infotainment System
Diagnostic
Others

OTR Telematics Market, By Connectivity Solution:

Embedded
Integrated
Tethered

OTR Telematics Market, By Region:

North America

United States
Canada
Mexico

Asia-Pacific

China
India
Japan
Malaysia
Thailand
Indonesia
Vietnam
South Korea

Europe & CIS

Germany
France
United Kingdom
Spain
Italy
Belgium
Russia

South America

Brazil
Argentina
Colombia

Middle East & Africa

South Africa
UAE
Saudi Arabia
Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global OTR Telematics market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global OTR Telematics Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Impact of COVID-19 on Global OTR Telematics Market

5. Voice of Customer

6. Global OTR Telematics Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Application Type (Mining, Construction & Industrial Equipment, Agriculture Vehicles, Others (Includes All-Terrain Vehicles, Sports Vehicles, etc.))

6.2.2. By Service (Fleet/Asset Management, Navigation, Infotainment System, Diagnostic, Others)

6.2.3. By Connectivity Solution (Embedded, Integrated, Tethered)

6.2.4. By Region (North America; Europe; Asia Pacific; South America and Middle East & Africa)

6.2.5. By Company (2020)

6.3. Product Market Map (By Application Type, By Region)

7. North America OTR Telematics Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Application Type

7.2.2. By Service

7.2.3. By Connectivity Solution

7.2.4. By Country (United States; Canada; Mexico)

7.3. Product Market Map (By Application Type, By Country)

7.4. North America: Country Analysis

7.4.1. United States OTR Telematics Market Outlook

7.4.1.1. Market Size & Forecast

7.4.1.1.1. By Value

7.4.1.2. Market Share & Forecast

7.4.1.2.1. By Application Type

7.4.1.2.2. By Service

7.4.1.2.3. By Connectivity Solution

7.4.2. Canada OTR Telematics Market Outlook

7.4.2.1. Market Size & Forecast

7.4.2.1.1. By Value

7.4.2.2. Market Share & Forecast

7.4.2.2.1. By Application Type

7.4.2.2.2. By Service

7.4.2.2.3. By Connectivity Solution

7.4.3. Mexico OTR Telematics Market Outlook

7.4.3.1. Market Size & Forecast

7.4.3.1.1. By Value

7.4.3.2. Market Share & Forecast

7.4.3.2.1. By Application Type

7.4.3.2.2. By Service

7.4.3.2.3. By Connectivity Solution

8. Asia Pacific OTR Telematics Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Application Type

8.2.2. By Service

8.2.3. By Connectivity Solution

8.2.4. By Country (China, India, Japan, Malaysia, Thailand, Indonesia, Vietnam, South Korea)

8.3. Product Market Map (By Application Type, By Country)

8.4. Asia Pacific: Country Analysis

8.4.1. China OTR Telematics Market Outlook

8.4.1.1. Market Size & Forecast

8.4.1.1.1. By Value

8.4.1.2. Market Share & Forecast

8.4.1.2.1. By Application Type

8.4.1.2.2. By Service

8.4.1.2.3. By Connectivity Solution

8.4.2. India OTR Telematics Market Outlook

8.4.2.1. Market Size & Forecast

8.4.2.1.1. By Value

8.4.2.2. Market Share & Forecast

8.4.2.2.1. By Application Type

8.4.2.2.2. By Service

8.4.2.2.3. By Connectivity Solution

8.4.3. Japan OTR Telematics Market Outlook

8.4.3.1. Market Size & Forecast

8.4.3.1.1. By Value

8.4.3.2. Market Share & Forecast

8.4.3.2.1. By Application Type

8.4.3.2.2. By Service

8.4.3.2.3. By Connectivity Solution

8.4.4. Malaysia OTR Telematics Market Outlook

8.4.4.1. Market Size & Forecast

8.4.4.1.1. By Value

8.4.4.2. Market Share & Forecast

8.4.4.2.1. By Application Type

8.4.4.2.2. By Service

8.4.4.2.3. By Connectivity Solution

8.4.5. Thailand OTR Telematics Market Outlook

8.4.5.1. Market Size & Forecast

8.4.5.1.1. By Value

8.4.5.2. Market Share & Forecast

8.4.5.2.1. By Application Type

8.4.5.2.2. By Service

8.4.5.2.3. By Connectivity Solution

8.4.6. Indonesia OTR Telematics Market Outlook

8.4.6.1. Market Size & Forecast

8.4.6.1.1. By Value

8.4.6.2. Market Share & Forecast

8.4.6.2.1. By Application Type

8.4.6.2.2. By Service

8.4.6.2.3. By Connectivity Solution

8.4.7. Vietnam OTR Telematics Market Outlook

8.4.7.1. Market Size & Forecast

8.4.7.1.1. By Value

8.4.7.2. Market Share & Forecast

8.4.7.2.1. By Application Type

8.4.7.2.2. By Service

8.4.7.2.3. By Connectivity Solution

8.4.8. South Korea OTR Telematics Market Outlook

8.4.8.1. Market Size & Forecast

8.4.8.1.1. By Value

8.4.8.2. Market Share & Forecast

8.4.8.2.1. By Application Type

8.4.8.2.2. By Service

8.4.8.2.3. By Connectivity Solution

9. Europe & CIS OTR Telematics Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Application Type

9.2.2. By Service

9.2.3. By Connectivity Solution

9.2.4. By Country (Germany, France, United Kingdom, Spain, Italy, Belgium, Russia)

9.3. Product Market Map (By Application Type, By Country)

9.4. Europe & CIS: Country Analysis

9.4.1. Germany OTR Telematics Market Outlook

9.4.1.1. Market Size & Forecast

9.4.1.1.1. By Value

9.4.1.2. Market Share & Forecast

9.4.1.2.1. By Application Type

9.4.1.2.2. By Service

9.4.1.2.3. By Connectivity Solution

9.4.2. France OTR Telematics Market Outlook

9.4.2.1. Market Size & Forecast

9.4.2.1.1. By Value

9.4.2.2. Market Share & Forecast

9.4.2.2.1. By Application Type

9.4.2.2.2. By Service

9.4.2.2.3. By Connectivity Solution

9.4.3. United Kingdom OTR Telematics Market Outlook

9.4.3.1. Market Size & Forecast

9.4.3.1.1. By Value

9.4.3.2. Market Share & Forecast

9.4.3.2.1. By Application Type

9.4.3.2.2. By Service

9.4.3.2.3. By Connectivity Solution

9.4.4. Spain OTR Telematics Market Outlook

9.4.4.1. Market Size & Forecast

9.4.4.1.1. By Value

9.4.4.2. Market Share & Forecast

9.4.4.2.1. By Application Type

9.4.4.2.2. By Service

9.4.4.2.3. By Connectivity Solution

9.4.5. Italy OTR Telematics Market Outlook

9.4.5.1. Market Size & Forecast

9.4.5.1.1. By Value

9.4.5.2. Market Share & Forecast

9.4.5.2.1. By Application Type

9.4.5.2.2. By Service

9.4.5.2.3. By Connectivity Solution

9.4.6. Belgium OTR Telematics Market Outlook

9.4.6.1. Market Size & Forecast

9.4.6.1.1. By Value

9.4.6.2. Market Share & Forecast

9.4.6.2.1. By Application Type

9.4.6.2.2. By Service

9.4.6.2.3. By Connectivity Solution

9.4.7. Russia OTR Telematics Market Outlook

9.4.7.1. Market Size & Forecast

9.4.7.1.1. By Value

9.4.7.2. Market Share & Forecast

9.4.7.2.1. By Application Type

9.4.7.2.2. By Service

9.4.7.2.3. By Connectivity Solution

10. South America OTR Telematics Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Application Type

10.2.2. By Service

10.2.3. By Connectivity Solution

10.2.4. By Country (Brazil, Argentina, Colombia)

10.3. Product Market Map (By Application Type, By Country)

10.4. South America: Country Analysis

10.4.1. Brazil OTR Telematics Market Outlook

10.4.1.1. Market Size & Forecast

10.4.1.1.1. By Value

10.4.1.2. Market Share & Forecast

10.4.1.2.1. By Application Type

10.4.1.2.2. By Service

10.4.1.2.3. By Connectivity Solution

10.4.2. Argentina OTR Telematics Market Outlook

10.4.2.1. Market Size & Forecast

10.4.2.1.1. By Value

10.4.2.2. Market Share & Forecast

10.4.2.2.1. By Application Type

10.4.2.2.2. By Service

10.4.2.2.3. By Connectivity Solution

10.4.3. Colombia OTR Telematics Market Outlook

10.4.3.1. Market Size & Forecast

10.4.3.1.1. By Value

10.4.3.2. Market Share & Forecast

10.4.3.2.1. By Application Type

10.4.3.2.2. By Service

10.4.3.2.3. By Connectivity Solution

11. Middle East and Africa OTR Telematics Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Application Type

11.2.2. By Service

11.2.3. By Connectivity Solution

11.2.4. By Country (South Africa, UAE, Saudi Arabia, Egypt)

11.3. Product Market Map (By Application Type, By Country)

11.4. Middle East and Africa: Country Analysis

11.4.1. South Africa OTR Telematics Market Outlook

11.4.1.1. Market Size & Forecast

11.4.1.1.1. By Value

11.4.1.2. Market Share & Forecast

11.4.1.2.1. By Application Type

11.4.1.2.2. By Service

11.4.1.2.3. By Connectivity Solution

11.4.2. UAE OTR Telematics Market Outlook

11.4.2.1. Market Size & Forecast

11.4.2.1.1. By Value

11.4.2.2. Market Share & Forecast

11.4.2.2.1. By Application Type

11.4.2.2.2. By Service

11.4.2.2.3. By Connectivity Solution

11.4.3. Saudi Arabia OTR Telematics Market Outlook

11.4.3.1. Market Size & Forecast

11.4.3.1.1. By Value

11.4.3.2. Market Share & Forecast

11.4.3.2.1. By Application Type

11.4.3.2.2. By Service

11.4.3.2.3. By Connectivity Solution

11.4.4. Egypt OTR Telematics Market Outlook

11.4.4.1. Market Size & Forecast

11.4.4.1.1. By Value

11.4.4.2. Market Share & Forecast

11.4.4.2.1. By Application Type

11.4.4.2.2. By Service

11.4.4.2.3. By Connectivity Solution

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends and Developments

14. Competitive Landscape

14.1. Company Profiles (Partial List of Leading Companies)

14.1.1. AirIQ Inc.

14.1.2. Verizon Communications Inc

14.1.3. MiX Telematics Europe L.td.

14.1.4. TomTom N.V.

14.1.5. TRIMBLE INC.

14.1.6. Actsoft, Inc.

14.1.7. HARMAN International Industries, Incorporated

14.1.8. SenSight Technologies Pvt Ltd

14.1.9. Robert Bosch GmbH

14.1.10. Masternaut Limited

15. Strategic Recommendations

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Press Release

OTR Telematics Market to be dominated by Fleet/Asset Management segment through 2026

Nov, 2021

Increasing electrification in automobiles and the rising government initiatives are driving the growth in Global OTR Telematics Market in the forecast period, 2022-2026.

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