Vehicle Telematics in Public Sector Market Scope
Telematics combines navigation, safety, security and communication into one convenient piece of technology that fits in a vehicle's dashboard. Automotive telematics systems receive wireless information and transmit it through a crash-resistant box. The vehicle telematics market has been greatly affected by rising operational costs, rooting from the increased demand for utility vehicles, rising expenditure on maintenance, and steady growth in compliance costs. Vehicle telematics solutions are being widely used by large- and medium-scale fleet owners for streamlining operations. The rate of adoption among small fleet owners has been slow, owing to factors, like lack of awareness, limited operation scale, smaller budgets, limited compliance norms, high capital requirements, and rise in operational costs.
The Vehicle Telematics in Public Sector market study is segmented, by Application (Public Transportation, Logistics, Defence and Other) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Omnitracs Ltd. (United States), BMW AG (Germany), Toyota Motors (Japan), Bosch Automotive Technologies (Thailand), Ford Motor Co. (United States), General Motors (United States), Continental Automotive (Germany), Agero Connected Services Inc. (United States), Harman Infotainment (United States) and Alpine Electronics Inc. (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Airbiquity Inc. (United States), Trimble Navigation Ltd (United States), Novatel Wireless (United States), Telogis Inc (United States) and MiX Telematics (South Africa).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market of Global Vehicle Telematics in Public Sector market by Type, Application and Region.
On the basis of geography, the market of Vehicle Telematics in Public Sector has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
Omnitracs LLC, a global pioneer of fleet management solutions to transportation and logistics companies, announced that it has signed an agreement to acquire from Shaw Communications Inc. the assets of Shaw Tracking, the leading fleet management solutions provider in Canada
Omnitracs builds on 25-year relationship with covenant transport services through new technology integrations
- Increasing concern of vehicle tracking and safety and security
- Advanced technologies will reduce the production costs of telematics products
- Government regulations for higher security measures
- Growing amplified market penetration of smartphones propelling the vehicle telematics market
- Development in upcoming models of vehicles, the system is designed with by default mobile connectivity to satisfy government regulations
- Growing concern towards safety and security, with infotainment and navigation services is bringing new opportunities
- High cost associated with the product
- Unacceptable concept in some places
- Lack of skilled person for handling
- Fluctuation in the material price
- User interface complexity
Key Target AudienceVehicle Telematics Systems Industry Investors, Vehicle Telematics Systems Providers/Vendors, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Product Suppliers/ Buyers, Research Institutes, Original Equipment Manufacturer, Component Supplier, Distributors, Government Body & Associations and End-user
Frequently Asked Questions (FAQ):
1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Vehicle Telematics in Public Sector Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.