Topic Discussed : Future of Brazilian Connected Truck Market, Forecast to 2025
Speaker: Ingrid Schumann
Key Takeaways:
The Mobility’s Team at Frost & Sullivan recently published the study “Future of Brazilian Connected Truck Market, Forecast to 2025”. These are its key takeaways. Brazil has a moderately fragmented connected truck telematics market that is served by over 20 telematics companies, leading OEMs and more than 35 start-ups that work with the commercial trucking and transport and logistics industry. The major part of the market is composed by independent telematics system providers, which constitute over 93% of the market, while OEM solution providers make up about 6 to 8%. This market share is expected to change slightly by 2025 as OEMs are starting to offer their own fleet management system solution as standard on their vehicles. Currently, the market is concentrated in few companies: the top four participants serve approximately 57% of the market. For the next years, telematics penetration is expected to rise, fueled by increasing awareness and a larger number of vehicles with factory installed fleet management systems.
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Related Keywords: Frost & Sullivan, Telematics Market, Brazil, Market Trends, Drivers, Challenges, Pain-Points, Restraints, Market Share, Company Profile, Competitive Structure, Competitors Analysis, Forecast, Growth Opportunities, Market Bench-marking
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