Application segments performance in the global automotive telematics market

The global automotive telematics market is expected to grow at a CAGR of (16.28%) during the forecast period. Based on application, the global automotive telematics market is segmented into commercial vehicles and passenger cars.

The commercial vehicles segment has been witnessing rapid technological advances with the incorporation of intelligent vehicle systems. The growing demand for better fuel efficiency and safety is among the factors responsible for the increased adoption of telematics in the commercial vehicles segment. The use of in-vehicle telematics helps monitor driver behavior, reduces fuel consumption, improves driver safety, and enables cost savings. OEMs provide numerous connectivity options, such as embedded telematics devices, tethered handsets, and smartphone integrated systems, for connected vehicles. Increasing smartphone penetration has resulted in OEMs developing telematics systems that can be controlled through handheld devices.

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OnCommand Connection is an open architecture design that can be integrated with a fleet’s existing telematics platform. The reduction in downtime is achieved on the back of vehicle health reports and repair recommendation data provided by the OnCommand Connection system. OEMs are also moving toward the release of open data platform, which allows customers to use third-party services in a secure and transparent way. This will be a crucial driver for the growth of telematics in commercial vehicles, thereby boosting the growth of the global automotive telematics market during the forecast period.