Commercial Telematics Market Expected to Generate Revenue of $55.14 Bn, Growing at a CAGR of Slightly Above 18.0% by 2021.
Telemetric is an interdisciplinary field that includes telecommunications, vehicular technologies, road transportation, road safety, electrical engineering and computer science. Commercial telematics market includes the telematics used by the light, medium and heavy commercial vehicles. Commercial telematics is preferably used in a variety of applications such as infotainment, insurance telematics, fleet/asset management, satellite navigation, telehealth solutions, and others like including emergency warning systems. OEM telematics and aftermarket telematics are two main types of commercial telematics.
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