March 15, 2018
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 newtaxi 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 attractlarge number of tourists in the region.
Some of the key players in UAE Commercial Vehicle Telematics marketinclude: Teltonika Ltd., Ruptela, Atrack Technology Inc., Cartrack Technologies LLC, Meitrack, and CERT Telematics LLC.
*Link to the article