Pune, India -- (SBWIRE) -- 04/22/2019 -- Infinium Global Research has produced a new premium report Automotive Telematics Market. The report covers the analysis of global as well as regional markets of automotive telematics. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. The report also deep dives into the sub-segments of automotive telematics market by technology type (embedded telematics, integrated, and tethered), vehicle type (passenger cars, and commercial vehicles), services (infotainment and navigation, safety and security), sales channel (OEMs, and aftermarket) through main geographies in the global market such as North America, Europe, Asia-Pacific and RoW.

The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encourage the expansion of the automotive telematics market during the said period. The report also provides market attractiveness analysis, by geography, and market share analysis, by key players respectively. Some of the prominent participants in the global automotive telematics market are Airbiquity Inc, Continental AG, Delphi Automotive PLC, HARMAN International, Intel Corporation, Trimble Inc., MiX Telematics, AT&T Inc, Autotrac, and Teletrac Inc.

Automotive telematics is a method of monitoring a vehicle. In the telematics system, an onboard device provides informatics and telecommunications assistance to the driver. The telematics system has a GPS system with an onboard diagnostic system that helps to map and record the exact location of the car and how fast it's traveling. The telematics system has two-way communication feature between a vehicle and a central management system that sends, receives and stores the information but generally does not include entertainment features. The automotive telematics system offers several features including Turn-by-turn navigation, remote access, control of vehicle speed, vehicle location by GPS. The automotive telematics system also provides emergency call, notification of vehicle collision, vehicle diagnostics, and maintenance notifications facilities.

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Report Findings

1. Drivers

High Adoption of Telematics System by Car Rental Service Providers and Cab Service Providers

Use of Telematics in Usage-Based Insurance

Government Regulations on the Vehicle and the Passenger's Safety

Benefits offered by the Automotive Telematics system

2. Restraints

Less Adoption of Telematics System across the Developing Region

3. Opportunities

Increasing Consumer Inclination Toward the Autonomous Cars

Growing Adoption of Data-Driven Services in the Vehicles

Introduction of 5G Technology

North America Holds the Maximum Market Share in the Automotive Telematics Market

Geographically, North America holds the maximum market share in the automotive telematics market owing to the high adoption of innovative technology, strict government regulation for the vehicle and passengers safety. Till now, the U.S has the high telematics penetration by the country and the rate of adoption is increasing at a decent rate owing to its potential to increase road safety, improve driving behaviour, align insurance premiums with actual need via usage-based insurance (UBI).

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Automotive Grade Linux Enables Telematics and Instrument Cluster Applications with Latest UCB 6.0 Release

In October 2018, Automotive Grade Linux (AGL), a collaborative cross-industry effort developing an open platform for the connected car, announced the latest release of the AGL platform, Unified Code Base (UCB) 6.0, which features device profiles for telematics and instrument cluster.

Developed through a joint effort by dozens of member companies, the AGL Unified Code Base (UCB) is an open source software platform that can serve as the de facto industry standard for infotainment, telematics, and instrument cluster applications. Sharing a single software platform across the industry reduces fragmentation and accelerates time-to-market by encouraging the growth of a global ecosystem of developers and application providers that can build a product once and have it work for multiple automakers.

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