Telematics In Automotive Market:
Executive Summary
Telematics in automotive is a system used in the automotive industry that merges telecommunications with informatics. The telematics in automotive provides features like GPS system, Navigation, hands-free calling, etc. Telematics in automotive are connected to the Internet of Things (IoT), which makes it a very effective tool. This system comes with a User-based insurance (UBI) feature that tracks the driver’s behavior considering the aspects like acceleration, braking, etc. This helps the insurer to claim insurance from the insurance company, in a very efficient way without facing many problems.
The telematics in automotive is an innovation in the automotive industry, through which the users can track locations through GPS and also use navigations and hands-free calling features, which makes the telematics in automotive a popular system among vehicle users. Many vehicle users are adopting and installing these systems, which has created a huge demand for telematics in automotive. The market for telematics in automotive is growing with a constant pace and many companies entering the market to meet the market demands.
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The Global Telematics in Automotive Market provides deep analysis on the emerging trends in the market, services, and other important factors present in the telematics in the automotive market. The report analyzes the scope for growth, key areas for growth, etc in the telematics in automotive market based on the statistics and historical data available in the previous years. The report divides the market into segments based on types and applications. The report predicts the future trends and scope in the market for the forecast period 2019-2025.
Market Segmentation
The telematics in automotive is connected to IoT, which enables smart features in the vehicles. The telematics in automotive offers smart features like collision avoidance, pedestrian passing alerts, traffic alerts, etc, which ensure the safety of the vehicles and drivers. For a better understanding of the telematics in automotive market, the market is segmented into two parts based on the types and applications. The types segment includes Embedded, Integrated, and Tethered. Embedded systems come built-in with the vehicles. Integrated systems are set up separately by the users. The tethered systems are connected to the wirings of vehicles. The applications segment includes Passenger Car, LCV, and HCV.
Regional Overview
The report on the telematics in automotive market analyzes the market at the regional and global levels. The report studies the growth opportunities, key market players, lucrative opportunities, challenges, and other factors present in the telematics in automotive market, at the regional levels. The report examines the risks and challenges associated with the telematics in automotive market, which would help companies entering the market to get a complete view of the market. The report analyzes the consumption rate, market price, and revenue, production capacity of different market players operating in the regions of North America, Europe, China, Japan, Southeast Asia, and India. The report additionally, covers the potential areas for growth present in these regions.
Industry News
Omnitracs, the US-based telematics company restores its ELD services which were disrupted due to some issues. The ELD service provided by Omnitracs allows the vehicle users to record the hours of service, driving time, etc automatically, and also keep a track on engine movements. The company representative says, the company is building new and updated software to solve the time and location issues.
Continuous…
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