Automotive Telematics Market to Benefit from Deployment of Modern Transport Management Systems

2024-11-08 12:25:50 News & Society

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Transparency Market Research presents a study on the global automotive telematics market, titled ?Automotive Telematics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020?. The report delves into the various factors that will favor the adoption of automotive telematics technology, a relatively new technology, in the bid to offer a satisfactory driving experience in terms of vehicle mechanism in different driving conditions.

The automotive telematics market is bound for favorable growth during the forecast period, says the report. Automotive telematics involves a combination of telecommunication and informatics to offer a host of benefits for road transportation, road and vehicle safety, and vehicular technologies applications. Typically, automotive telematics is an integrated system of wireless communication technologies such as mobile data, satellite navigation, vehicle tracking, electronic devices such as sensors, and computer science.

In the system, each and every point is important for receiving and sending signal, the failure of which can crash the entire system. To explain this, sensors such as the accelerometer, gyroscope, odometer etc. calculate parameters of speed, distance, direction, and objects in the vehicle?s proximity, which are sent over a wireless communication network such as cellular, radio, and satellite to the control unit that the vehicle is connected with. On receiving this information, using pre-programmed algorithms, the control unit analyzes the information for decisions that are relevant to vehicle motoring.

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Automotive telematics has bestowed benefits such as driving assistance, automatic driving, vehicular emergency warnings, global positioning system (GPS) navigation, and wireless safety communications, all which add to a safe and enjoyable driving experience on the roads.

An increasing number of vehicular mishaps and road accidents across the world has been a major factor driving the automotive telematics market. Economic development, urbanization predominantly in developing nations, has led to an abrupt increase in the number of vehicles that require efficient transportation management for the same. This has given a boost to the automotive telematics market as the technology helps in minimizing vehicular damage and human casualties in developing nations, and other parts of the world as well.

The need for efficient vehicular transportation for handling mass traffic congestions and unorganized transits is another factor leading to the installation of automotive telematics systems. With automotive telematics, drivers can better manage such problems through motoring guidance capabilities that help with re-routing and automatic vehicle motoring.

However, the market for automotive telematics is challenged with communication breakdown and device error problems. As the control unit is dependent on signals received from sensors for motoring decisions, even a minuscule error can be catastrophic, causing both human loss and damage of property. Automotive telematics is heavily dependent on communication networks, which in the event of a breakdown, renders the entire system useless.

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