Consumer Telematics Systems Market Concierge Services Will Well Prove To Be the Key to Survive In the Market In The Future.
According to the research report “Consumer Telematics Systems Market: By Technology (Integrated, Embedded & Tethered); Services (GPS, Navigation Systems, Car Diagnostics, Fleet Management & Others), Industry, Components & Geography - Forecast (2017-2022)”, published by IndustryARC, estimates the market trend likely to go up-to more than 60% in the coming years.
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The word “Telematics” broadly says that, a system through which mechanical or electronic devices interconnect with each individual device or with human users interface over the network. Over the years the term is used to refer to on board communication capabilities in segments of automotive telematics.
The simple business model for telematics device in automotive segment is changing with the advent of mobile data connectivity.Smartphone plays a major role in showing the advantages of having mobile data connections, and now the automobile industry is gradually awakening to the fact that providing the customers with internet connectivity on the going process.
This highly used service could well prove to be the key to survive in the market in the future.
Scope & Regional Forecast of the Consumer Telematics Systems Market
The Consumer Telematics Systems Market has improved the technological advancement where the telematic wireless system address some of the factors with features such as car insurance telematics, eco driving assist, fuel-theft monitoring, anti-theft, Geo-fencing for safety, and traffic telematics diagnostics. This is achieved by connecting to the vehicle’s on-board display and gathering information.
Such as mileage, speed, braking style, fuel level and driver behavior.
The global positioning system provides the vehicle tracking data that can be superimposed onto realistic maps and views. The custom-built products and car telematics services are increasingly being developed, thanks to technology that can originate meaningful insights from customer behavior captured at a multitude of touch points and through various means.
Automotive companies are increasingly embedding telematics to monitor system failure, guide the driver and vehicle performance. By the end of the 2022, the proportion of new vehicles sold with embedded telematics is likely to increase rapidly of the cars on the road.
The vehicle telematics market is expected to come with the technological advancement to compete with the car’s best performance. North & South America, Europe, Asia-Pacific and Rest of the World play a major role in consumer telematics system market in accordance to install in the automotive industry.
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Segmentations & Key Players Involved in the Consumer Telematics Systems Market
The Consumer Telematics Systems Market can be broken down into various segmentations on the basis of -
- Classification: Industry (Automotive, Information Technology, Telecom, Insurance, Logistics, Customer service providers)
- Services Offered: GPS Tracking, Navigation Systems(Intelligent Transport System), Car Diagnostics System, Fleet Management Services, User based Insurance service(UBI), Emergency Notification Service, Local Search and Concierge Services, Infotainment Systems)
- Components: Control Unit, On-board RAM, Network Operations System, CAN-bus (Controller Area Network), Wireless communication infrastructure- Bluetooth device and Wi-fi device), GPS antenna, GNSS receiver, Visual & Audio interface, Sensors, Mobile Router
- Markets: Passenger Vehicle Telematics, Commercial Vehicle Telematics
- Technology: Integrated Telematics, Embedded Telematics and Tethered Telematics
- Geography: North & South America, Europe, Asia-Pacific and Rest of the World
Some of the key players involved in the Consumer Telematics Systems Market are as follows:
- Ford Motor Co. (SYNC)
- General Motors (OnStar)
- Agero Connected Services Inc.
- Harman Infotainment
- Toyota Motors(Entune)
- Bosch Automotive Technologies
Why access this report?
* The overall market has been consolidated from the perspective of different geographic locations and key economies for this market.
* Identifies growth sectors and factors driving or constraining the market.
* The market is analyzed based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants.
* The study includes the demand of this particular market on a global and regional scale for a five year period of 2017 - 2022, to assess how the market will develop.
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