Vehicle telematics solutions are used to gather and monitor a wide range of information from fleets of cars, trucks, ships, and other vehicles. These systems track vehicle activity using GPS, sensors, geographical points of interest (geofencing), and onboard engine diagnostics. These solutions record movements and vehicle conditions at different points in time.
Telematics systems gather data related to the vehicle location, time & velocity, driver behavior, safety metrics such as excessive speed, engine condition & maintenance requirements, sudden braking, rapid lane changes, stopping in an unsafe location, and in-vehicle consumption of entertainment content. This data is visualized and transmitted to a central location for aggregation and analysis in order to help fleet managers and operators to optimize their operations.
Vehicle telematics solutions are used for both commercial and non-commercial purposes for managing individual vehicles and fleets. Sensors are used to monitor all in-vehicle activity, including door opening, tail lift raising, aggressive acceleration, harsh braking, erratic cornering, and trailer temperature. Engine diagnostics solutions collect real-time data on fuel efficiency, vehicle odometer readings, and other information in order to enhance fleet maintenance and management.
In vehicle telematics, a small device is installed in the vehicle itself for collecting data. This device collects, stores, and transmits different types of data related to vehicle performance, condition, and usage. There are several types of telematics devices available in the market that vary based on functionality and benefits. Telematics devices are connected to in-cab driver interfaces that enable drivers to receive jobs, capture proof of delivery, complete pre-trip inspections, and get real-time feedback on their driving performance.
Today, companies offer secure telematics devices that are hardwired and offer tamper-proof functionality as well as connectivity to numerous peripheral devices. Telematics devices capture data related to vehicle location, geographical points of interest, vehicle speed, vehicle routing, vehicle incidents, vehicle diagnostics, vehicle status, remote vehicle inspection reports, panic alerts, electrical or sensor activity, dashboard camera footage, job dispatch, and messaging.
Modern telematics systems have been widely adopted over the last decade due to the rise of many new remote communication technologies, especially the Internet. A shortage of drivers, coupled with continuous changes in regulations, has led to a major impact on the demand for telematics. Internet of Things that Move (IoTtM) is gaining importance in the transport and freight sector due to its many benefits compared to traditional fleet management methods. The benefits of IoTtM include minimized fuel costs, cost-effective maintenance, reduction of downtime, simplified communication, enhanced safety, improved service, precise location information, real-time knowledge of vehicle availability and weather conditions, reliable monitoring of vehicle and equipment performance, and the availability of swift emergency assistance.
Commercial vehicle telematics solutions include embedded telematics, portable telematics, and smartphone-based telematics. The commercial vehicle telematics market is classified based on fitment types, such as aftermarket and original equipment manufacturers. The aftermarket segment is leading due to considerable growth in the unorganized logistics sector. The OEM sector features a large market turnover due to a rising number of partnerships between automobile manufacturers and telematics service providers. The commercial vehicle telematics market is further divided on the basis of applications, such as courier, tourism, retail, pharmaceuticals, and cold chain logistics. The cold chain logistics market has the largest market share in telematics technology.
The leading manufacturers of commercial vehicle telematics solutions are Bridgestone Corp, Continental AG, Geotab Inc, Omnitracs LLC, Trimble Inc, and Verizon Communications Inc. The use of telematics is seen in a number of industries, including transport, construction and site excavation, mail, courier, tourism, cold chain logistics, and pharmaceuticals.