Telematics by the synonym itself defines the integration of telecommunications and information and communications technologies abruptly called as informatics. It can be simply the technology of transmitting, receiving, sending and storing of information relating to various objects via telecommunication devices. Telematics will include everything from GPS systems to navigation systems. It will include many features in vehicles such as without touch mobile calling, wireless television remote unlocking, roadside assistance of vehicles and internet on vehicles. It also includes a wide range of different features, devices and options that can be brought together by a unique principle – data and communication. Telematics is heavily used in fleet tracking and management. Hardware providers like OEM manufacturers and embedded system manufacturers can find the huge advantage in investing in this market segment along with the vehicle manufacturers. OEM and embedded system manufacturers will provide the equipments needed for installing the software application on to the vehicles whereas the software applications may range from tracking the devices to the safety mechanisms and precautionary measures been implemented in the vehicles.
The upcoming market technologies and trends like the evolution of 4G/LTE networks and high-speed data connectivity speeds will boost the growth in the adoption solutions by the end users. However, lack of knowledge about latest technologies and high cost of equipments are hindering the growth of market. Usage of telematics in passenger cars and light commercial vehicles provides an opportunity for the market. Moreover, growing government regulations concerning safety incorporated automotive telematics systems also provide with opportunity for the growth of market in developing nations.
The market is segmented on the basis of software, hardware, type of services, verticals and geography. Based on software the market is further segmented into tracking solutions, fleet management, navigation systems, intelligent systems, insurance telematics, and social telematics and safety mechanisms. Based on hardware the market is bifurcated into OEM manufacturers and embedded system manufacturers. Furthermore, based on the type of services the market is segmented into professional and managed services. Based on verticals, the marketed is segmented into Government, transportation and logistics, Healthcare and Life Sciences, Manufacturing and automotive, insurance and Media and Entertainment. Geographically, the market is divided into North America, Europe, Asia-Pacific and RoW.
Major companies operating in this market segment may include AirIQ, Airbiquity, Inc., Agero Inc., AT&T, Verizon Telematics Inc., Ford Motors Co, Fleetmatics Group PLC, mixtelematics, BOX Telematics Ltd., TomTom, Davis Instruments, and Zonar Systems.
The key takeaways from the report
- The report will provide detailed analysis of telematics market with respect to major segments such as software, hardware, type of services and verticals of the market.
- The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024.
- Comprehensive analysis of market dynamics including factors and opportunities.
- An exhaustive regional analysis of telematics market.
- Profile of key players of the telematics market, which include key financials, product & services and new developments.
Scope of Telematics Market
- Tracking Solutions
- Fleet Management
- Navigation Systems
- Intelligent Systems
- Insurance Telematics
- Social Telematics
- Safety Mechanisms
- OEM Manufacturers
- Embedded System Manufacturers
Type of Services Segments
- Managed Services
- Transportation And Logistics
- Healthcare And Life Sciences
- Manufacturing And Automotive
- Media and Entertainment.
- North America
- United Kingdom
- South Korea
- South America
- Middle East