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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Report Copy :
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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