Telematics can be described as a segment within information technology which enables communication and transmission of computer data across long distances. On the other hand, automotive telematics provides precise relevant information regarding the position and movement of a particular vehicle. Vehicle telematics integrates GPS technology with real-time communication inside the vehicle. Such a telematics system has revolutionized vehicle safety by improvement various aspects of navigation, diagnostics, etc. As far as the future is concerned, telematics technology is expected to play a vital role in taking the science of transportation to a whole new level by optimizing the flow of traffic, eliminating automobile accidents, ensuring proper maintenance of a fleet of vehicles, etc. Thus, the Commercial Automotive Telematics Market is in a tremendous position to register a strong amount of growth during the forecast period of 2017-2022.
Scope & Regional Forecast of the Commercial Automotive Telematics Market
The Commercial Automotive Telematics Market considers the prime growth drivers to be a few factors like: global need to reduce traffic congestion in prominent urban areas; private and public demand for ensuring elegant coordination of large-scale fleet tracking; enabling precise tracking of vehicles for a variety of purposes; and to enhance transportation safety on roads. Currently, telematics companies have observed that the demand for for fleet management solutions hold the largest share.
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Although North America dominates the Commercial Automotive Telematics Market right now, Asia-Pacific is expected to register fastest growing demand during the forecast period. Asia-Pacific’s is expected to be largely down to a dramatic rise in the number of commercial vehicles being registered in countries like China and India. Government regulations have also made tracking devices compulsory for certain purposes. In the long-term future a telematics device will eventually be an absolute must whenever a vehicle is being primed for a journey.
Segmentations & Key Players Involved in the Commercial Automotive Telematics Market
The Commercial Automotive Telematics Market can be broken down into various segmentations on the basis of –
Vehicle Type: Trucks (Light Trucks, Medium Truck, Heavy Trucks), Semi-Trailer Trucks, Motor Coach Or Bus, Taxi Cab (Fleet, Individual), Trailers and Others.
Component: Telematics Control Unit, Navigation System, Communication Devices (Bluetooth, Wi-Fi, Cellular, Radio, Satellite), Audio/Video Interface, Sensors, Can Bus and Others.
Service Offered: Safety And Security Services (Driver Behavior Monitoring, Automatic Vehicle Location, Roadside Assistance, Crash Reconstruction System, Black Box Device / On Board Recorder, Exception Reporting, Maintenance Schedules), Entertainment Services (Am/Fm, Satellite Tv), Information And Navigation Systems (Location Based Services, Off Board And Hybrid Navigation, Concierge Services), Fleet Management Systems, Usage Based Insurance, Emergency Notification Services, Remote Diagnostics and Billing Services.
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Geographical Location: Americas, Europe, Asia-Pacific and Rest of the World.
Some of the key players involved in the Commercial Automotive Telematics Market are as follows:
Robert Bosch Car Multimedia Gmbh
Inthinc Technology Solutions, Inc.
Verizon Telematics Inc.
Descartes System Group
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