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(I-AutoNewsWire.com, March 03, 2016 ) The growth of the global telematics market is being driven due to several factors, including government initiatives to include advanced technology in public safety on roads, increasing demand for premium passenger cars and growing demand for connectivity in vehicles. The use of telematics has been constantly increasing in insurance sector for tracking the driving conditions to calculate precise vehicle insurance premium. North America dominated the global market; however Asia-Pacific is estimated to grow at the highest pace during the forecast period. The high cost of telematics equipment and hacking threats are the key restraints in the global market. The poor internet infrastructure in the developing countries is also hindering the adoption of telematics.
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The information and data in the publication Global Telematics Market Size, Share, Development, Growth and Demand Forecast to 2022 represent the research and analysis of data from various primary and secondary sources. A bottom-up approach has been used to calculate the global telematics market by solution, application, end-user and distribution channel. P&S Market Research analysts and consultants interact with leading companies of the concerned domain to substantiate every value of data presented in this report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online and offline research.
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With the advancement in technology, the demand for connectivity is increasing everywhere. Vehicle telematics, trailer tracking, and container tracking are the common application areas of telematics. They are used to transform automobiles into communication objects. Earlier telematics were integrated only on premium vehicles; now its either offered as standard feature on select vehicles, or as an option for the low-priced vehicles. It also enables patients health tracking while travelling.
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In order to assure vehicular safety, the government in several countries has been promoting the use of telematics in vehicles. For instance, eCall project promoted by European Commission (EC) was adopted in Europe in 2013. eCall is targeted to provide assistance to motorists, who have met with road accident and are unable to speak due to injuries. It is applicable for the vehicles in which telematics is installed.
The key competitors in the global telematics market include Verizon Communication Inc., Harman International Industries Inc., TomTom International BV, AT&T, Vodafone Group Plc, Ford Motor Company, BMW Group, Telefonica SA, MiX Telematics, Trimble Navigation Ltd.
GLOBAL TELEMATICS MARKET SEGMENTATION By Sector Commercial o By Application Solutions o Fleet/Asset Management o Navigation o Infotainment o Insurance o V2V & V2I o Tele-health o Remote Alarm & Monitoring Services o Design & Consulting o Integration & Deployment o Maintenance & Training o By Distribution Channel Aftermarket o Embedded o Portable OEM o Embedded o Hybrid o By End-user Logistics & Transportation Insurance Healthcare Media & Entertainment Automotive Manufacturers & Dealers Government Agencies & Utilities Consumer o By Application Solutions o Fleet/Asset Management o Navigation o Infotainment o Insurance o V2V & V2I o Tele-health o Remote Alarm & Monitoring Services o Design & Consulting o Integration & Deployment o Maintenance & Training o By Distribution Channel Aftermarket o Embedded o Hybrid OEM o Embedded o Hybrid o By End-user Passenger Car Insurance Healthcare Media & Entertainment Automotive Manufacturers & Dealers Government Agencies GEOGRAPHICAL SEGMENTATION By Geography North America o By Application o By Sector By End-User Europe o By Application o By Sector By End-User Asia-Pacific o By Application o By Sector By End-User Rest of the World (RoW) o By Application o By Sector By End-User
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