Rising Road Accidents Promotes Automotive Embedded Telematics Sales
A report recently added to the vast repository of MarketResearchReports.biz, titled, “Global Automotive Embedded Telematics Sales Market Report 2018,” offers a 360-degree overview of the market. At the outset the report discusses the technology and then goes on to discuss its growth scope.
Albany, NY -- (SBWire) -- 08/22/2018 --Automotive embedded telematics, put simply, is the usage of some form of cellular communication technology to monitor a vehicle. Telematics is typically a black box that receives wireless information which it uses to improve safety and vehicle functioning. While it does not necessarily involve a two-way communication, it is usually more beneficial that way. These days, the connected smartphones are often leveraged to do telematics work, as happens with Ford Sync. Automotive embedded telematics sales is gaining momentum because of its futuristic nature.
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The global automotive embedded telematics market is a combination of vehicular emergency warning systems, automatic driving systems, Global Positioning Systems (GPS), driving assistance systems, and wireless safety communications. Those are used to enhance safety, bring about better navigation, remote vehicle diagnostics or vehicular health report, and entertainment.
The global automotive telematics market is set to soar at a healthy clip over the next couple of years owing to the rising instances of road accidents. This has led to stringent laws being framed with respect to car and road safety. In response, players in the global automotive embedded telematics market are adopting the system to effectively deal with disoriented transits, mass vehicular transportation, and traffic congestions. Through intuitive vehicular guidance, automotive embedded telematics systems are predicted to be have a major positive impact on the transport sector.
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There are nonetheless a few product drawbacks that the global automotive embedded telematics market has to contend with. Those include communication breakdowns and other errors. In fact, a single error can result in serious breakdowns. This is because information gathered by sensors helps to take key monitoring decisions. Challenges such as these may be overcome in the future with the roll out of powerful 5G networks. Besides, increasing disposable incomes of people resulting in demand for more sophisticated car models is also expected to have a positive impact on the global embedded telematics market.
From a geographical standpoint, North America, at present, is the leading https://www.marketresearchreports.biz/reports/1871995/global-automotive-embedded-telematics-sales-market-research-reports">automotive embedded telematics market. Presence of key original equipment manufacturers (OEMs) such as Ford Motor Company and General Motors and their constant thrust on product development, alongside the robust communication infrastructure and high spending capacity of people have played a role is stoking the automotive embedded telematics sales in the region. Going forward, Asia Pacific, powered mainly by China and India, is predicted to spell good opportunity with regard to production and sales.
Some of the prominent companies operating in the global automotive embedded telematics market are Omnitracs, Autotrac, DigiCore, Teletrac, Telogis, Maternaut Limited, and Tom Tom Telematics.
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