LONDON--(BUSINESS WIRE)--Aug 29, 2018--According to the latest market research report released by Technavio, the commercial vehicle telematics market in Europe is expected to register a CAGR of nearly 14% during the forecast period. However, the growth momentum of the market is expected to decelerate due to a decline in the year-over-year growth.

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Technavio has published a new market research report on the commercial vehicle telematics market in Europe from 2018-2022. (Graphic: Business Wire)

This research report titled ‘ ’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.

This report is available at a USD 1,000 discount for a limited time only:

The market research analysis categorizes the commercial vehicle telematics market in Europe into the following applications:

LCV M&HCV

In 2017, the LCV segment accounted for 83% of the global market and is projected to reach 86% by 2022, exhibiting almost 3% increase in market share.

Commercial vehicle telematics market in Europe: Top emerging trend

Truck platooning using telematics services is an emerging trend in the commercial vehicle telematics space. Truck platooning is linking two or more trucks in convoy. Such vehicles follow each other at a close distance with the use of connectivity technology and automated driving systems. The vehicle at the head of the platoon acts as a leader and the vehicles behind it react and adapt to the changes in the leader. This system requires little or no action from drivers. But the drivers are still in full control of the vehicles always and can choose to leave the platoon and drive independently at any time.

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Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Technavio’s report provides expert market research on the following topics:

Executive Report

Market Outline Commercial Vehicle Telematics Market in Europe Overview

Market Insights

Market Sizing and Forecasts Market Growth Market Drivers and Challenges Key Emerging Trends

Market Segmentation Analysis

Regional comparison (the UK, Germany, France, and Rest of Europe) Market segmentation by application (LCV and M&HCV)

Vendor Landscape

Vendor classification Market positioning of vendors Competitive scenario Analysis of top vendors (TomTom International, Continental, Trimble, Bosch, and Verizon Telematics)

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20180829005346/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD: EUROPE

INDUSTRY KEYWORD: AUTOMOTIVE AFTERMARKET GENERAL AUTOMOTIVE

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 08/29/2018 07:41 AM/DISC: 08/29/2018 07:41 AM

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