Trends in Vehicle Fleet Management Dominate Commercial Telematics Market

ORBCOMM is happy to expand its client list with the latest inclusion, Fairchild Freight, on its list. The company boasts of a wide array of commercial telematics solutions and services for fleet managers in the market. Fairchild Freight chose the cold chain telematics solution for its refrigerated trailers. It intends to build a support database for fuel and temperature maintenance of refrigerated trailers through the customized service. Fairchild is one among the many market players to adopt services from commercial telematics providers. The service packages, on the other hand, keep getting more diverse in their solutions, tailored to customer specifics.

Commercial Telematics Market Offerings

Growth in complexity of businesses and foreign business trading leads to sundry confusions in company operations. Commercial telematics offerings simplify the same for enterprises. It provides route guidance maps while transport of assets, while monitoring their movement on geographical grounds. Importer security filing (ISF) servers of USA, present an example of how advanced telematics protect cargo movement from potential mishandling and stock black marketing. Logistics is, however, only a dominant subscriber in current scenario. Machine-to-machine communication in tele health, government operations, insurance, entertainment, and vehicle manufacturing also prevail in the industry.

In terms of installation, automotive OEM and aftermarket systems are the type of systems available to consumers. Automotive OEM, has limited shares in the market as compared to aftermarket equipment that provides a wider scope of customization for its clients. Enterprises provide both telematics solutions and services as auxiliaries for its business verticals. While, solutions aim for more generalized customer requirements, services take a detailed approach on issues that might be specific to its clients.

Technological Take On Growth Drivers

The introduction of electronic logging devices (ELDs) into carriers is being mandated by prominent shippers around the world. These would enable automatic logging for elimination of alternative hard copies. End-consumers of commercial telematics market need to remain conscious of their needs and compliance to government customs before adopting a technology into their vehicles. Telecomm providers have up their marketing game to convince and include more participants to subscribe to their services.

Rapid intrusion of smart portable devices in daily lives hands down another advantage to the industry. Embedded or installed telematics device and software, are connected over the internet through smartphones, tablets and electronic wearables.

Business Prospects In Commercial Telematics Market

Vehicle manufacturers are aware of consumer trends and, in that case, believe commercial telematics to be a promising one. Global businesses witness prominent collaborations between major vehicle manufacturers and telecom providers, posing expansion opportunities for automotive OEM segment. Commercial telematics is an added input to the internet of things (IoT) scenario. Remote access to vehicles provide automated plus manual control during events of contingency. Crisis recovery at any location is performed from another end halfway across the globe through interconnected infrastructure and devices over the web. This would call for new partnerships among third party IoT solution vendors, the most recent example being Telular Corporation and Jasper partnering to improve their deliverability.

Allied Market Research in its report “World Commercial Telematics Market - Opportunities and Forecasts, 2013 – 2020” indicates strong market growth for Asia-Pacific and LAMEA regions. Yet, forecasts favor North America region to emerge as the highest revenue generating region by 2020. The report includes primary driving and limiting factors, plus resultant financial projections. It provides a comprehensive understanding of profitable segments for market stakeholders.

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