DUBLIN--(BUSINESS WIRE)--The "UAE Commercial Vehicle Telematics Market (2018-2024): Market Forecast By Vendor Types, By Sectors, By Commercial Vehicle Types, By Applications, By Regions and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.
UAE Commercial Vehicle Telematics market is projected to grow at a CAGR of 7.5 % during 2018-24.
UAE is one of the most potential markets for telematics solutions globally. Over the last few years, the country registered an increase in deployment of telematics solutions especially in the commercial vehicle segment. Government regulations as well as an increase in demand for information transparency along with high level of services in commercial fleets are some of the key factors which are driving the growth of Commercial Vehicle Telematics (CVT) in UAE.
Dubai Transportation Authority is planning to add 3,268 new taxi by 2020. This would further propel the growth of commercial telematics market in UAE. Amongst all the sectors, vehicles under logistics and transportation were key adopters of telematics system in UAE. Significant growth prospects lies ahead for construction, government and infrastructure applications.
Amongst all the regions, the Northern region holds maximum revenue share as compared to the Southern region owing to the upcoming EXPO 2020 in Dubai which is expected to attract large number of tourists in the region.
Some of the key players in UAE Commercial Vehicle Telematics market include: Teltonika Ltd., Ruptela, Atrack Technology Inc., Cartrack Technologies LLC, Meitrack, and CERT Telematics LLC.
The report provides detailed analysis of the following market segments:
By Vendor Types
- Construction & Infrastructure
- Government & Infrastructure
By Commercial Vehicle Types
- Light Duty Commercial Vehicle
- Medium Commercial Vehicle Duty
- Heavy Commercial Vehicle Duty
- On-board diagnostics
- Vehicle Tracking
- Atrack Technology Inc.
- Cartrack Technologies LLC
- CERT Telematics LLC
- Mix Telematics
- Teltonika Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/dmlw95/uae_commercial?w=4