The global Commercial Vehicle Internet of Vehicles market size is projected to reach USD 49743 million by 2029

Commercial Vehicle Internet of Vehicles Market Summary

Commercial vehicle Internet of Vehicles is a vehicle-mounted device that uses wireless communication technology to effectively utilize all commercial vehicle dynamic information in the information network platform and provide different functional services during vehicle operation.

The commercial vehicle Internet of Vehicles industry is mainly composed of terminal equipment manufacturers, communication operators, data service providers, vehicle companies, Internet of Vehicles operation service providers (TSP), content service providers, and end users (individuals, fleets, and enterprises). Among them, terminal equipment manufacturers mainly supply vehicle machines and T-Boxes to OEMs; communication operators, such as China Mobile, China Unicom, and China Telecom, mainly provide communication services to terminal equipment manufacturers and operation service providers. The statistical scope of enterprises in this report mainly includes Internet of Vehicles operation service providers (TSP).

Telematics operation service providers (TSP) mainly provide vehicle compliance, vehicle positioning/tracking, fleet management (attendance, scheduling, efficiency optimization, route planning, driving safety behavior), cost reduction and value addition (fuel consumption, ETC functions) and other services. The downstream application scenarios of commercial vehicles are mainly divided into: urban public transportation, long-distance passenger transportation, express transportation, automobile logistics, chemical transportation, cold chain transportation, and e-commerce logistics. Due to the differences in commercial vehicle application scenarios, the service requirements for Internet of Vehicles functions are also different.

According to the new market research report "Global Commercial Vehicle Internet of Vehicles Market Report 2023-2029", published by GIResearch, the global Commercial Vehicle Internet of Vehicles market size is projected to reach USD 49743 million by 2029, at a CAGR of 22.3% during the forecast period.

• Global Commercial Vehicle Internet of Vehicles MarketSize(US$ Million), 2018-2029

Source: GlobalInfoResearch, “Global Commercial Vehicle Internet of Vehicles market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030” (published in 2023). If you need the latest data, plaese contact GIResearch.

• Global Commercial Vehicle Internet of Vehicles Top31Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)

Source: GlobalInfoResearch, “Global Commercial Vehicle Internet of Vehicles market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030”(published in 2023). If you need the latest data, plaese contact GIResearch.

This report profiles key players of Commercial Vehicle Internet of Vehicles such as Microlise Limited, Faw Jiefang, MiX Telematics, Trimble, Beijing Huitong, AT&T, MAN Telematics, Webfleet Solutions, Fleetboard, Dynafleet, Verizon Connect, Teletrac Navman, Solera.

In 2022, the global top five Commercial Vehicle Internet of Vehicles players account for 26% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Commercial Vehicle Internet of Vehicles.

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