GLOBAL TRANSPORTATION TELEMATICS MARKET

INTRODUCTION

Information and communication technologies (ICT) are used in the field of transportation and mobility, which is known as transportation telematics. In order to increase the effectiveness, safety, and sustainability of transportation networks, numerous technologies must be integrated.

To enable real-time monitoring, data collecting, and analysis of transportation-related information, telematics blends telecommunications, computer science, and vehicle technology. We shall discuss the idea of transportation telematics, its essential elements, and its applications in this post.

A wide range of technologies and systems are included in transportation telematics. GPS, wireless technology, sensors, data analytics, and geographic information systems (GIS) are a few of them. Utilizing these technologies, transportation telematics makes it possible to gather data from people, infrastructure, and vehicles, which may subsequently be utilized to improve a variety of transportation-related functions.

Fleet management and vehicle tracking are two of the core uses of transportation telematics. Fleet managers can track the whereabouts, speeds, and routes of their cars in real time thanks to GPS technology.

With the aid of this data, the fleet's total efficiency may be increased while routing can be improved and fuel consumption can be decreased. In order to improve operational performance, fleet management systems also include functions like remote diagnostics, maintenance planning, and driver behavior monitoring.

Traffic management is a key component of transportation telematics. Transportation authorities can develop a thorough picture of traffic patterns and degrees of congestion by integrating real-time traffic data from numerous sources, including sensors, cameras, and GPS-equipped vehicles.

This information can be utilized to optimize signalized intersections, dynamically change traffic signal timings, and give drivers real-time traffic information. Telematics-based traffic management systems contribute to increased traffic flow, reduced congestion, and overall road safety.Transport telematics also contributes significantly to ITS (intelligent transportation systems).

ITS stands for the application of cutting-edge technologies to increase transportation's sustainability, safety, and efficiency. The integration of several ITS elements, including traffic management systems, electronic toll collection, public transportation systems, and traveler information services, is made possible by telematics.

ITS supports seamless mobility, cuts down on travel times and improves the overall user experience by building interconnected transportation networks.The development of connected and autonomous cars (CAVs) is also aided by telematics.

To enable automated driving, vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) connection, CAVs rely on a combination of sensors, communication technologies, and cutting-edge algorithms.

By delivering real-time data on traffic conditions, road dangers, and other pertinent information necessary for safe and effective autonomous operations, telematics plays a significant role in CAVs.

Additionally, transportation telematics aids initiatives for eco-driving and sustainable transportation. Telematics systems can offer feedback and coaching to improve fuel-efficient driving habits by tracking vehicle performance and driver behavior.

This helps to minimize emissions, use less fuel, and enhance the quality of the air. By providing charging station information, battery state monitoring, and range optimization, telematics can also make it easier for electric cars (EVs) to be integrated into transportation systems.

In conclusion, the multidisciplinary discipline of transportation telematics uses technology, data, and communication to raise the sustainability, safety, and efficiency of transportation networks.

Telematics provides real-time tracking, traffic control, fleet optimization, intelligent transportation systems, connected and autonomous cars, and eco-driving by leveraging the capabilities of GPS, wireless connection, sensors, and data analytics.Telematics in transportation offers significant potential for developing intelligent, effective, and environmentally friendly mobility systems.

GLOBAL TRANSPORTATION TELEMATICS MARKET SIZE AND FORECAST

The Global Transportation Telematics Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

NEW PRODUCT LAUNCH

With the introduction of electric and autonomous vehicles to the market, Clarence Technologies and Wabash have formed a new technology collaboration with an emphasis on trailer applications. This alliance will also include new, enhanced connection applications. All Wabash dealer stock trailers will initially come equipped with Road Ready advanced trailer telematics systems as standard equipment.

 Truck-Lite, the North American market leader in LED lighting solutions for commercial transportation, as well as Road Ready, advanced telematics, ECCO Safety Systems, DAVCO filtering solutions, and several other technology brands, are all owned by Michigan-based Clarence Technologies.

MARKET DYNAMICS

Several announcements were made by Phillips Connect to help fleets and drivers use smarter trailers. These included the debut of the Utility Connect trailer telematics system in partnership with Utility, new intelligent nose box gateways, backup cameras, and other initiatives that demonstrate the market's potential for expansion.

A reputable Premium European finished automobile manufacturing firm gave LG the go-ahead to adopt connected car telematics. In accordance with the agreement, LG will concentrate on providing hardware and software that is compatible with vehicle-to-everything (V2X) systems for cutting-edge 5G network integration.

In order to advance into the Society of Autonomous Engineers (SEA) Level 4 Autonomous driving technology, LG will also provide Dual Sim Dual Active (DSDA) technology for connected automobiles and autonomous driving features at some point in the future.

PARTNERSHIP

With the help of Hino Trucks' Edge, MiX Telematics, a provider of linked fleet, telematics, and mobile asset management systems, has partnered with the Hino data services partner network. Through this agreement, MiX clients that drive Hino trucks in North America will have access to the trucks' data, which will make it easier for them to manage their fleets of cars and trucks.

For the purpose of providing a smart telematics solution, Geotab teamed up with Free2move, a Stallantis subsidiary. In order to deliver a smooth experience, Geotab has planned to develop a single MyGeotab platform, combining data from the servers of Geotab and Free2move.The forum would be made available to Stallantis' North American qualified automakers, including Ram, Dodge, Jeep, and Chrysler.

THIS REPORT WILL ANSWER THE FOLLOWING QUESTIONS

1. How many Transportation Telematics are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global Transportation Telematics and key vendor selection criteria
3. Where is the Transportation Telematics manufactured? What is the average margin per unit?
4. Market share of Global Transportation Telematics market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global Transportation Telematics in-house
6. key predictions for the next 5 years in the Global Transportation Telematics market
7. Average B-2-B Transportation Telematics market price in all segments
8. Latest trends in the Transportation Telematics market, by every market segment
9. The market size (both volume and value) of the Transportation Telematics market in 2023-2030 and every year in between?
10. Production breakup of the Transportation Telematics market, by suppliers and their OEM relationship