Automotive Telematics Market Top Key Players - VERIZON CONNECT, HARMAN INTERNATIONAL, OMNITRACS, MIX TELEMATICS, CARTRACK, MASTERNAUT LTD., PIONEER

Telematics encompasses two words Telecommunication and Informatics. It includes a broad range of working areas from GPS systems to navigation systems, wireless data communication, remote unlocking and fleet tracking, among other things.

Most of the telematics technology is being used in making smart vehicle nowadays for monitoring location, the behavior of vehicle or fleet of vehicle, remote control access, integrated hands-free cell phone, Advanced Driving Assistance Systems (ADAS) and many more.

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GLOBAL AUTOMOTIVE TELEMATICS MARKET DYNAMICS

1. BY CHANNEL TYPE

OEM (ORIGINAL EQUIPMENT MANUFACTURER)
OEM provides integrated sensors and capabilities which can deliver a high degree of data related to vehicle operation. Smartphones can be easily connected to vehicle communication equipment which can enhance the driving experience with support like failure warnings and voice alerts in case of emergency, among other features.

AFTERMARKET

Aftermarket telematics services have increased drastically in the last couple of years with significantly adding connectivity and services to the vehicles. It has opened a new business for mobile operators which are using Internet-of-Things to provide services via telecommunication.

2. BY VEHICLE TYPE

COMMERCIAL VEHICLE

Advanced Driving Assistance System (ADAS) to help monitor drivers with-
• Closed eye detection
• Yawning detection
• Smoking detection
• Calling detection

PASSENGER VEHICLE
Telematics is boon to Passenger Vehicle such as rail. With freight traffic analysis to signal processing along with path allocation, train running report and interruption in services, all these data and messages are harmonized with telematics.

Telematics is increasing infrastructure capacities which ultimately reduces the operational costs.

TWO-WHEELER

Digital innovations in Two-wheelers are becoming the driving force to implement telematics. Using telematics in two-wheeler can reduce risk of road accident by prompting driver against over speeding, failure of control etc. and it can also mitigate motorcycle theft incidence as it can be tracked.

Vodafone is providing embedded telematics for two-wheelers.


3. BY APPLICATION

Telematics market is subdivided based on the type of application or services being provided by the vendor or companies. This can be classified in following-

• NAVIGATION AND LOCATION-BASED
• INSURANCE TELEMATIC BASED
• INFOTAINMENT SYSTEM BASED
• SAFETY AND SECURITY BASED
• FLEET MANAGEMENT BASED



4. BY CONNECTIVITY SOLUTIONS

EMBEDDED

Embedded telematics systems are providing users with advanced telematics and mobile connectivity services in new vehicles which features vehicle tracking, battery notification, stolen vehicle tracking and recovery option and software updates over FOTA (Firmware Over the Air).

INTEGRATED SMARTPHONES

Smartphones can be easily connected to vehicles with telematics. It enables the user to use most of the specifications of a phone on a system integrated with the vehicle like GPS navigation, nearby service centre, maps, panic alerts and many more.

5. BY REGION

NORTH AMERICA

Due to the presence of several players, the North American market is highly competitive. Integration of smartphones with automobiles for better driving experience is the crucial factor for the market in this region. The collaboration of vehicle telematics provider with insurance companies has also boosted the demand.

EUROPE

European government had passed a regulatory mandate in 2015 for e-Call facilities along with the installation of basic TCU (Telematics Control Unit) in all new vehicles for safety purpose. This has projected the market growth of telematics in Europe to reach new levels in the coming years.

ASIA PACIFIC

The Asia Pacific is the emerging market for telematics. With regulations and policies, related to the safety of the vehicle, being mandated by governments of different countries like India, Japan, China, telematics market is expected to grow at a faster rate than any other region in the world.

REGULATION AND POLICIES

Companies providing Telematics or any kind of services that includes collection of data in any form must know about data protection or privacy legal requirements in their operating region.

• The Data protection/Privacy regulations in South East Asian countries have clear rules about collection of consent to personal data with obligations like its storage, retention, protection and use among other limitations.

• In European Union (EU), General Data Protection Regulation (GDPR) is the legal framework which includes guidelines for collection and processing of personal information via any format.

• Australia Privacy Principles (APP) includes collection of 13 principles which guide the handling of personal information.

KEY PLAYERS

VERIZON CONNECT
HARMAN INTERNATIONAL
OMNITRACS
MIX TELEMATICS
CARTRACK
MASTERNAUT LTD.
PIONEER

Read More Information: https://mobilityforesights.com/product/automotive-telematics-market/

Contact:
Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: Send Email
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State: Karnataka

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This release was published on openPR.