Telematics Growth Seen In Commercial Fleet Management.(Brief Article)

The next five years will bring increased penetration of telematics systems in the commercial vehicles sector built around fleet management, and 'tracking and tracing' applications, according to a new study. Further growth will also be seen in the demand for traffic information, automatic navigation routing, security and other location based services, according to the "Telematics in the Commercial Vehicles Sector," a new report published by Strategy Analytics.

According to Joanne Downie, Director of Strategy Analytics In-vehicle Telematics and Multimedia Service, "The early telematics market as a whole is still highly fragmented with revenue generation largely confined to the sale of specific systems and equipment, and technology and applications development. But the commercial vehicle sector has emerged as a clearly defined target market for telematics players. We estimate that the sector generated $898M in telematics service and equipment revenues in the U.S. and W. Europe in 2000, and market growth is expected to reach over $1.7billion by 2007."

"The players to watch out for in this sector are both traditional and new entrant telematics players and include Omnitracs and Euteltracs, but also ComRoad and Minorplanet, and we expect the list of players to keep on growing over the next couple of years," Downie said.

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