Global Truck Video Safety Solutions Market, Forecast to 2025

Global Truck Video Safety Solutions Market, Forecast to 2025

  • January 2020 •
  • 67 pages •
  • Report ID: 5149314 •
  • Format: PDF
The research service analyzes the global truck video safety solutions market (2018-2025) and presents an overview of growth opportunities and implications.According to the Federal Motor Carrier Safety Administration (FMCSA)’s safety compliance and enforcement program—Compliance, Safety, And Accountability (CSA)—fleets must improve safe driving practices and reduce risks through the use of advanced safety technologies.

Fleets must also evaluate the return on investment (RoI) of safety solutions based on a system’s ability to improve driver behavior and performance, which directly influences the fleets’ operating economics and collision costs.Growing awareness regarding video safety solutions in North America and Europe has drawn the attention of telematics and safety system vendors and they are looking to enter the market.

The integration of telematics, safety systems, artificial intelligence, and machine learning with video safety solutions—to offer a one-stop-shop solution—will be the key trend of the future.Why the Connected Trucks Market?
• By 2020, about 30 million trucks across the world will be connected.
• Nearly 40% of fleet managers are of the opinion that connected trucks are a “must have”.
• With smart roads and smart cities, smart trucks will become a necessity.
• All ecosystem partners can avail a high value proposition.
• The trucks of the future will allow users to easily pay for fuel, toll, parking, and infotainment, among other things, in real time.