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Trailer Telematics: Introduction

  • Telematics is a combination of telecommunications and informatics. Telematics helps to process and transport information over distance in real time. Trailer telematics enables the monitoring of brake wear, mileage, trailer’s electronic braking system (EBS), tire pressure, and axle load. Trailer telematics also enables the monitoring of temperature changes inside the trailer to maintain optimum temperature. Trailer telematics also enables built-in route guidance, alerts and alarms for better connection, advanced reporting tools enable logistics companies with varying fleet sizes to more efficiently manage their vehicles and the fleets, improve maintenance costs, and achieve operational efficiency all through the comfort of using their smartphones or computers.

Key Drivers of Global Trailer Telematics Market:

  • The tracking system helps improve fleet management and enables remote diagnostics to provide immediate support for drives of fleets to reduce downtime. Data can be accessed by using mobile, computer, or iPad, and it reduces operational cost and damages. Therefore, telematics is gaining popularity in the trucking industry. Rise in demand for safe and crash-free transportation and need to optimize fleet management is likely to drive the trailer telematics market during the forecast period.
  • In terms of component, the navigation unit segment of the trailer telematics market is estimated to expand considerably during the forecast period due to advantages such as GPS tracking, which provides the exact position of the trailer. GPS tracking ensures that the routes are optimized, which reduces downtime and delays and provides notification through text message and/or email.
  • Safety and security services offered through trailer telematics include vehicle & trip monitoring, identification and protection of drives, vehicle access control, and driver behavior monitoring; therefore, these services are gaining importance among fleet operators. These factors are likely to boost the trailer telematics market during the forecast period.

Global Trailer Telematics Market to Offer Attractive Opportunities:

  • Presently, telematics is gaining popularity in the truck industry. Rise in demand for safe and crash-free transport, optimal management of the fleet, and a surge in the adoption of commercial vehicle telematics technology offer significant opportunity for key players operating in the trailer telematics market. Consistent expansion of the commercial vehicle market is also further boosting the global market for trailer telematics.

COVID–19 Pandemic to Hamper Market

  • The COVID-19 crisis is affecting economies and industries in various countries due to lockdowns, travel bans, and business lockdowns. The global materials industry is suffering serious disruptions such as supply chain breaks and office shutdowns. For instance, China is a global manufacturing hub and raw material supplier of various industries, and it is also one of the worst affected countries. The lockdown of various plants and factories in China is restricting the global supply chains and disrupting manufacturing, delivery schedules, and various material sales. Various companies announced possible delays in product deliveries and slump in future sales of their products. All these factors are anticipated to hamper the global trailer telematics market across the globe.

North America to Hold Significant Share of Global Trailer Telematics Market:

  • Increasing concerns among consumers over on-road safety have driven the demand for safe and crash-free transport, which in turn is compelling automakers to adopt advanced technologies for better management of fleet. The presence of a huge transportation and automotive industries and a large number of prominent automakers in the region have provided North America an edge over other regions. Early adoption of telematics technology in commercial vehicles is another important factor contributing to the dominant position held by North America in the global market. The trailer telematics market in North America is expected to maintain its position due to the consistent expansion of the commercial vehicle market in the region.

Key Players Operating in Global Market:

The global trailer telematics market is highly fragmented with top manufacturers across the global market. A few of the key players operating and potential in the global trailer telematics market are:

  • PTC, Inc.
  • TomTom Telematics BV
  • WABCO Corporation
  • NOVACOM SERVICES
  • MiX Telematics
  • Verizon
  • BPW Bergische Achsen Limited
  • Tirsan
  • Truck-Lite Co.
  • CalAmp Corporation
  • Astrata Group (Omnitracs)
  • Masternaut
  • Descartes
  • Intel Corporation
  • Philips

Global Trailer Telematics Market: Research Scope

Global Trailer Telematics Market, by Power Source

  • Wired Devices
  • Solar Battery Operated Devices
  • Self-contained Battery Operated Devices

Global Trailer Telematics Market, by Vehicle Type

  • Full Trailer
  • Semi-Trailer
  • Other

Global Trailer Telematics Market, by Component

  • Telematics Control Unit
  • Navigation Unit
  • Communication Devices
  • Others

Global Trailer Telematics Market, by Services Offered

  • Safety and Security Services
  • Entertainment Services
  • Fleet Management Services
  • Others

Global Trailer Telematics Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Trailer Telematics Market

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