Telematics Market has widely adopted the concept in vehicles which merges telecommunications and informatics. It enables to communicate and connects with other devices or individual user through the network. Telematics includes GPS systems to navigation systems and allows them to obtain real-time access to the vehicle. It contributes to many features in vehicles from a hands-free mobile calling to the safety and security of the driver. Commercial Telematics are widely adopted due to rising demand for safety, security & comfort. Technological advancement enabled the market players to offer innovative solutions such as fleet/asset management tele-health solutions, navigation and location-based systems. Favorable Government regulations and compliances for safety and security in vehicles are boosting the global Commercial Telematics market. The rise in adoption of smartphone and connectivity solution across the globe enabled Commercial Telematics market to grow fast.
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Most widely adopted Commercial Telematics services include consulting & design, automotive data services, integration & deployment and so on. Vehicle automation and demand for concept cars are expected to boost the global commercial telematics market. Growth in digital integration enables the commercial telematics market to grow fast. Development in advance driver assistance systems (ADAS) & rise in the adoption of electric vehicles are creating a huge demand for commercial telematics market. However, high cost, lack of awareness and standardized system are the key concern for the global commercial telematics market.
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Geographically, the global commercial telematics market is bifurcated into North America, Europe, Asia Pacific and Rest of the world. North America has the highest contribution to the Global Commercial Telematics market followed by Europe. Untapped APAC region such as China, India, Japan and Korea are expected to create huge opportunity for global Commercial Telematics market due to emerging demand of Commercial Telematics in automotive industries. APAC region is predicted to be a lucrative region due to the huge demand of Commercial Telematics, low-cost manufacturing, cheap labor and improved infrastructure. Developed economies such as US, UK and other EU nations have favorable government policies for safety, security and comfort of the vehicles which are driving the Global Commercial Telematics Market.
Commercial Telematics Market Segmentation
By Type
- Original Equipment Manufacturer (Oem)
- Fully Embedded Oem Systems
- Hybrid Oem Systems
- After Market Telematics
- Embedded
- Portable
- Others
By Solution
- Navigation and Location Based Systems
- Fleet/Asset Management
- Infotainment Systems
- Compliance
- Remote Alarm and Monitoring Solutions
- V2v And V2x Systems
- Safety and Security
- Telehealth Solutions
- Others
By End User
- Insurance
- Government and Utilities
- Safety and Security
- Healthcare
- Media and Entertainment
- Logistics and Distribution
- Manufacturing
- Automotive
Competitive Landscape
- Key Stratergy Analysis
- Key Company Analysis
- (This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
