Commercial Telematics Market Share

Asia Pacific Market Forecast

The Asia Pacific commercial telematics market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. The growth of the market can be attributed majorly to the integration of the internet of things (IOT) and fifth generation (5G) technology. 5G is commercially available in 14 markets, with others including India and Vietnam.  5G adoption is set to grow across Asia-Pacific, with more than 400 million 5G connections by 2025. Moreover, the rising cases of car accidents in the region is also expected to augment the market growth. According to the statistics of Accidental Deaths & Suicides in India 2021, traffic accidents in India have jumped from 368,828 in 2020 to 422,659 in 2021.