Transparency Market Research Report Added "Automotive Telematics Market" to its database.
Albany, NY -- (SBWIRE) -- 01/13/2015 -- Automotive telematics is a combination of telecommunication and informatics used in road transportation, vehicular technologies and road and vehicle safety. Automotive telematics uses integrated systems comprising of electronic devices such as sensors, wireless communication technologies such as satellite navigation, mobile data and vehicle tracking and computer science. The sensors such as gyroscope, accelerometer, odometer etc. calculate parameters such as distance, speed, direction and detect surrounding objects. This information collected by sensors is send to the control unit over a wireless communication network such as radio, cellular or satellite. The control unit uses pre-programmed algorithms to process and analyze such information and take decisions pertaining to vehicle motoring. Such integrated systems provide functionalities such as transport feasibility check, automatic vehicle motoring and road safety.
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Thus, automotive telematics has led to the inventions such as driving assistance systems, automatic driving systems, vehicular emergency warning systems, wireless safety communications and global positioning system (GPS) navigation. This system based on telecommunications and informatics is encapsulated into the Wireless Access for Vehicular Environment (WAVE) and is used in Intelligent Transportation Systems (ITS).
One of the major factors driving the automotive telematics market is increasing occurrences of road accidents and vehicular mishaps. With the increasing number of vehicles and transportation requirements, the need for safety measures has grown immensely. The need to minimize vehicular damages and human casualties caused during transportation provides a major boost to the automotive telematics market, globally. Another factor leading to the growth of automotive telematics market is the need for efficient mass vehicular transportation. Increasing number of vehicles on roads has led to issues such as traffic congestions and disoriented transits. Automotive telematics systems provide a solution over such problems through its intuitive motoring guidance capabilities which help in redirecting traffic and automatic vehicle motoring. Government policies and regulations towards road safety also play an important role in incorporating automotive telematics systems into commercial and personal vehicles.
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However, automotive telematics market faces few hurdles such as error rates and communication breakdowns. Since the control unit takes major motoring decisions based on information gathered by sensors, even an iota of error could lead to catastrophic events. Moreover, due to its heavy reliance on communication networks, automotive telematics systems could be rendered useless in case of communication breakdown.
Automotive telematics systems have found immense applications in fleet telematics systems for navigating several vehicles and coordinating mass transportation. The mobile vehicle system in individual vehicles is in communication with a stationary communication system. Additional features such as visualization of vehicular position on digital maps and use of simple input devices provide ease of use and efficiency to the automotive telematics systems. Other applications of this system such as vehicle and trailer tracking and car clubs and automobile insurance have provided promising prospects to the automotive telematics market. Existing companies as well as new entrants in the market are seeking to gain advantages by developing diverse telematics systems using advanced technologies.
Some of the key players in the automotive telematics market are Autotrac, ID Systems Inc., Teletrac Inc., Fleetmatics IrL Limited, Trimble Navigations and Omnitracs LLC, DigiCore, Masternaut Limited, MiX Telematics, TomTom Telematics and Telogis.
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