Global Advanced Telematics In Trucks Industry
A new report recently added to the online inventory of Wise Guys Reports (WGR) reveals that the Global Advanced Telematics In Trucks Market is anticipated to inflate and achieve an exceptional compound annual growth rate during the forecast period 2017 and 2025. Growing security concerns worldwide besides the technological advancements in the field of automobiles are the significant factors dictating the skyward market trend.
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The report covers a detailed competitive outlook that includes the market share and company profiles of key players operating in the global market. Key players profiled in the report include Qualcomm Inc., Aether Systems Inc., Masternaut, People Net Communications Corp., and Daimler Fleet board GmbH.
Advanced telematics in trucks can be broadly defined as a science of informatics and telecommunications, which is being widely implemented in applications such as high-level computational systems and advanced wireless technologies. Telematics technology is a modern version and amalgamation of telecommunications, road transport and automotive technologies that has tremendously affected the navigation system of the automobiles for decades and is likely to increase the demand of the technology across multiple motor verticals. Telematics equipment offers several characteristics that augment the intelligence of a vehicle. Advanced truck telematics provides a link of communication between the motorist and the dispatcher. Data can be transferred directly from the carrier to a central server from which the dispatcher can gain access to the location of the truck. Stakeholders and fleet operators can reap tremendous benefits from the Advanced Telematics in Trucks. Some of major advantages include precise tracking for improved safety, increased productivity, reduced maintenance expenses borne through remote vehicle diagnostics, besides others.
In a few regions, however, advanced telematics technology in the truck market is still in its initial stage. With massive funding in research and software development across various verticals in the automotive industry, the sector is expected to have a considerable growth potential in years to come. Advanced telematics technology incorporates Global Positioning System (GPS) technology, on-board computing, and other communication techniques which help to generate endless possibilities for various applications— This could propel the Global Advanced Telematics In Trucks Market towards an unprecedented growth during the forecast period. Truck tracking, wagon tracking, container tracking, cold storage, fuel management, driver behaviour, navigation, wireless vehicle security communications, and carrier mileage are few applications of the advanced telematics.
However, the Intricacies associated with the high-cost telematics services, dependence on several entities besides privacy concerns are few factors that pose a challenge in the growth path of Advanced Telematics In Trucks Market
Global Advanced Telematics In Trucks Market: Segmental Analysis
Based on segmentation, the Global Advanced Telematics In Trucks Market is fragmented into the provider, application, industry verticals and the regional demand.
Global Advanced Telematics In Trucks Market: Regional Analysis
Based on the region, the Global Advanced Telematics In Trucks Market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
North America has earlier led the global advanced telematics market, and the trend is expected to continue during the projection period. Decreased cost of implementation and competitive regional players are expected to drive the Asia Pacific advanced telematics market towards a new high in the coming future.
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