Albany, NY -- (SBWIRE) -- 09/20/2017 -- Telematics is defined as the automated system designed for vehicles that incorporate communication systems for real-time information transfer to achieve efficient solutions. Auto manufacturers have diverse options for online connectivity in vehicles to deliver two-way communication. These options include embedded telematics, tethered telematics, and integrated smartphone telematics. The automobile industry has significantly transformed from mechanical or hydraulic control to accommodate the rapidly growing computer-based control systems during the last two decades. The addition of sensor-based intelligent vehicle functions is enabling in-vehicle digital systems.
The global commercial telematics market to decline at a CAGR of 18.42% during the period 2017-2021. Telematics has three capabilities, namely two-way communications (wireless), location technology (geographic position), as well as a computing platform that controls automotive electronic systems. Telematics technology also has a decisive impact on automotive electronics systems such as automotive control systems, x-by-wire, and intelligent vehicle systems.
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The report covers the present scenario and the growth prospects of the global commercial telematics market for 2017-2021. To calculate the market size, the report considers the revenue obtained from telematics solutions that include fleet/asset management, insurance, infotainment, navigation, telehealth, as well as remote alarm and monitoring. It also considers the revenue obtained from telematics services that include design and consulting, integration and deployment, as well as maintenance and training.
The market is divided into the following segments based on geography:
Technavios report, Global Commercial Telematics Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
- MiX Telematics,
- TomTom Telematics,
Other prominent vendors
- Daimler FleetBoard
- Ituran Group
- KORE Wireless Group
- Octo Telematics (acquired by RENOVA GROUP)
- Omnitracs (acquired by Astrata Group)
- Teletrac Navman Group
- Webtech Wireless
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
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