Frost & Sullivan’s recent analysis, COVID-19 Growth Impact Assessment for the Commercial Vehicle Industry, shows that digital and connectivity services will significantly influence market recovery post-COVID-19 as telematics services, automated digital freight brokerage solutions, and digital retailing are expected to thrive.

Original equipment manufacturers (OEMs) in Europe are competing for the top position in the connected car segment as its two key domains, connected services and human-machine interfaces (HMI), unlock tremendous growth prospects by offering new revenue streams, as revealed by Frost & Sullivan’s recent analysis. Telematics services are expected to achieve a penetration of 90% in Europe, while more than 60% of vehicles will have wider (12.3+ inch) infotainment displays controlled by touch or gestures, with artificial intelligence (AI)-based digital assistants being omnipresent, by 2025.

According to a new research report from the IoT analyst firm Berg Insight, the number of insurance telematics policies in force on the European market reached 10.3 million in Q4-2018. Growing at a compound annual growth rate (CAGR) of 36.0 percent, this number is expected to reach 47.9 million by 2023.