Telematics is an interdisciplinary field that encompasses telecommunications, vehicular technologies, including road safety, road transportation; electrical engineering including sensors, instrumentation, wireless communications, etc. Telematics is a system of monitoring a vehicle. By combining a Global Positioning System (GPS) with on-board diagnostics, it's possible to record and map. This system is capable to find where exactly a car is and how fast it's traveling, and cross-reference that with how a car is behaving internally. By adding communication over a 3G network, telematics can be used to send both data and communications back and forth between a vehicle and a central management system. Telematics is also a term used to describe linked car features in general, which include live weather, traffic, and parking info on the dashboard, apps, voice-activated features such as featured on the and even gulp Facebook integration. By rising safety issues, the car telematics market has been propelling across the globe.This growth is primarily driven by Increased Safety Awareness, Technological Advancement, The Need for Safety Measures and Government Regulations Regarding Accidents and Safety of Road Transportation.
Globally, a noticeable market trend is evident The Widespread Mobile Communications Technology Constantly Connecting the Entire World Including Individuals, Businesses and Machines Is Targeted To Be Implemented In the Automotive Industry. Major Vendors, such as Agero Inc. (United States), Airbiquity Inc. (United States), At&T, Inc (United States), Continental Ag (Germany), Delphi Automotive Plc (Ireland), Intel Corporation (United States), Mix Telematics (South Africa), Robert Bosch Gmbh (United States), Verizon Communications Inc (United States) and Teletrac Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 4 June 2018, Internet of Things Inc. acquired Weather Telematics Inc. The acquisition is expected to combine a world-leader in Weather Telematics providing real-time road condition predictive weather analytics with a strong business partner in IoT Inc. to accelerate sales and to expand the potential vertical applications for WTX Inc.’s Artificial Intelligence platform.
Recently, Agero has announced a new AI-powered mobile telematics platform for crash detection, response, and prevention. Driver360, a holistic mobile solution that utilizes a smartphone’s native sensors to provide automatic crash detection, response, and prevention, without the need for additional hardware. The Driver360 mobile software development kit (SDK) will be easily integrated into existing automotive manufacturers and insurance providers mobile apps. By replacing costly embedded telematics systems with the consumer’s mobile phone, Driver360 brings crash services and driver behavior analysis mainstream.
- Increased Safety Awareness
- Technological Advancement
- The Need for Safety Measures
- Government Regulations Regarding Accidents and Safety of Road Transportation
- The Widespread Mobile Communications Technology Constantly Connecting the Entire World Including Individuals, Businesses and Machines Is Targeted To Be Implemented In the Automotive Industry
- Lack of Concerns Related to Data Security and Privacy
Double digit growth in Fleet
High Error Rates and Breakdown in Communication
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Market Share Movements
Growth Drivers and Constraints
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Key Decision in Planning and to Further Expand Market Share
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