Automotive Telematics Market to be driven by call for utmost Safety and Precision
The basic purpose of an automotive telematics system is that of monitoring locations and movements of automobiles through on-board diagnostic systems and GPS. The other functionalities include automobile tracking, automatic crash notification, monitoring behaviour, emergency calling, navigation assistance, and on-road assistance services.
The ongoing trend implies an increasing demand for smartphone features, 5G connectivity and incorporation of ITS (Intelligent Transportation System). Persistence Market Research has mentioned about these developments along with the subsequent calls to action in its latest market study entitled “Automotive Telematics Market”.
Automotive Telematics Market Segregation
The global automotive telematics market, by type of vehicle, spans commercial and passenger. By type of technology, it’s smartphone, tethered, and embedded. By sales channel, it’s OEM and aftermarket. By end-user, it’s diagnosis, infotainment, navigation, safety & security, and likewise. Out of these, passenger vehicles are holding the largest market share and the status quo is expected to remain unchanged even in the upcoming period. Persistence Market Research has sketched these findings along with insights in its latest market study entitled “Automotive Telematics Market”.
Region-wise Analysis
North America holds the largest market share due to improvisation on industrialization coupled with higher volumes of commercial cars being doled out. As such, growing concerns regarding security and safety of automotives, passengers, and drivers are expected to keep the hopes high for North America. On the developments front, the government of the US has, of late inked a contract with Geotab for equipping 217,000 automobiles with the fleet management telematics technology.
Europe stands second on this count. This could be reasoned with the government imposing safety regulations. For instance – the European Commission has mandated equipping telematics eCall systems in every new passenger and commercial car from the year 2018. This measure has certainly brought down the number of road accidents. The Asia-Pacific is expected to grow at a decent rate in the forecast period with automotive safety measures picking up pace. Persistence Market Research has given a detailed analysis in this regard with probable calls to action. The name of the latest market study report is “Automotive Telematics Market”.
Competitive Telematics
Persistence Market Research has profiled the key players in automotive telematics market as Trimble Inc., Visteon Corporation, Airbiquity Inc., Applicom Oy, Scorpion Automotive Ltd., iTriangle Infotech Pvt. Ltd., Shenzhen Concox Information & Technology Co., Ltd., MInda Corporation Ltd., idem Telematics GmbH, Road Track, Actia Group, Lavinta Buana Sakti, Microlise Ltd., BOX Telematics Corporation, and likewise.
Persistence Market Research has also gone further with mentioning about the developments on this count. For instance – Cerence Inc., in July 2021, entered into partnership with Harman International for offering voice-enable in-vehicle third-party applications in Harman Ignite Store. Also, IMS, in February 2021, launched IMS Vehicle Data Exchange. It comes across as a new-fangled service making ways for real-time, live access to vehicle insights as well as mobility data from the OEM-embedded hardware nd aftermarket device. Webfleet Solution has its software-as-a-service solution helping in saving fuel, assisting drivers, improving performance, and increase fleet efficiency on the whole. This company was known as “TomTom Telematics” before Bridgestone acquired it to be renamed as “Webfleet Solutions”.
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