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Vehicle Telematics Market Driven by Increasing Demand for Connected Vehicles and the Need for Better Fleet Management | Trimble, Omnitracs ,VERIZON, I.D.Systems, Airbiquity
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Key Trends
There are several key trends in vehicle telematics technology. One is the increasing use of sensors and other data-gathering devices to track vehicle performance and driver behavior. This data can be used to improve vehicle safety, optimize fuel economy, and reduce emissions. Another trend is the development of cloud-based services that allow data collected by telematics devices to be shared and analyzed by multiple parties. This can help fleet managers to identify trends and problems, and take corrective action. Finally, there is an increasing trend towards the use of artificial intelligence and machine learning to analyze telematics data. This can help to identify patterns and predict future behavior, allowing for more proactive and preventive maintenance.
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Key Drivers
The key drivers of the vehicle telematics market are the increasing demand for connected vehicles, the need for improved safety and security, and the need for better fleet management.
The demand for connected vehicles is driven by the need for improved safety and security. Connected vehicles are able to communicate with each other and with the infrastructure around them, allowing for better situational awareness and collision avoidance. In addition, connected vehicles can provide a wealth of data that can be used to improve traffic flow and reduce congestion.
The need for better fleet management is another key driver of the vehicle telematics market. Fleet managers are under constant pressure to improve efficiency and reduce costs. Telematics can help fleet managers to track vehicle location and status, as well as driver behavior. This information can be used to optimize routes, schedule maintenance, and improve driver training.
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Market Segments
The Vehicle Telematics Market is segmented on the basis of channel type, vehicle type, connectivity solution, and region. By channel type, it is bifurcated into OEM and aftermarket. By vehicle type, it is categorized into passenger, commercial vehicles, and two-wheeler. By connectivity solution, it is divided into embedded, integrated smartphones, and tethered. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
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Key Players
The Vehicle Telematics Market report includes players such as Masternaut Limited, TomTom Telematics B.V, Trimble Inc., Omnitracs , VERIZON, I.D.Systems, Inc., Airbiquity Inc., Harman International Industries, Inc., MiX Telematics, Teletrac Navman, and CARTRACK.
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