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Commercial Telematics Market – Forecasts from 2016 to 2021 DESCRIPTION Global Commercial Telematics Market is expected to grow at a compound annual growth rate of 20.28% over the forecast period to reach US$51.289 billion by 2021, growing from US$20.375 billion in 2016.
Vehicle Tracking Channel is the go-to- website for the Telematics industry.
Emission, Chassis, Engine, Powertrain, Safety, Telematics);
Telematics is the term utilized for the technology that entails auto interaction systems.
Connected Car finds its major application in navigation, telematics and infotainment.
New offerings in the vehicle include telematics, voice assistance, and automatic calls for emergency services that will be supported by 4G and 5G networks.
Cellular Modules, OEM Services, Aftermarket Services, Processors, Sensors), by Connectivity Solutions (Integrated, Embedded, Tethered), by Technology (3G, 4G, 2G), by Application (Navigation, Infotainment, Telematics), by Geography (North America, Europe, AsiaPacific, Latin America, Middle-East, Africa) – Global Market Size, Share, Development, Growth and Demand Forecast, 2013-2023"at:
It is also estimated that digital services segment such as telematics, vehicle diagnosis, and fleet management among others will increase exponentially from currently 6% to 20% within the next 10 years.
Connected navigation and telematics systems require embedded software to manage an increasing number of services such as superior communication access and management.
Telematics is a fairly new technology - a minimum of in car insurance terms, nonetheless, there are a growing number of insurance providers and brokers in the UK turning to telematics to aid lower the cost of insurance coverage for young vehicle drivers.