Supercars, electric vehicles (EVs), autonomous cars, and shared mobility are all radically changing the landscape of fleet management and the automotive industry. On the same lines, telematics is combining automotive technology with computer science to create new possibilities in the fleet management sector. By merging GPS systems with onboard diagnostics, telecommunication systems, and other cars on the road, critical information can be shared which will improve fleet management, road traffic, and correct driver behavior. The benefits provided by vehicle telematics is endless. For instance, telematics GPS can send out data to insurance companies about an individual’s driving style or if any risky maneuvers are being performed. Vehicle telematics enables the connected car feature, which uses GPS and sensors in a car to communicate with other cars on the road and provide live weather, traffic, and parking info on the dashboard. Commercial telematics can be used by fleet management, insurance, automotive, utilities, and transportation companies.
Top Vehicle Telematics Companies Affecting the Market Growth
Verizon
Verizon is a multinational telecommunications conglomerate that provides mobile communication network and information and entertainment services. It is also the largest wireless network provider in the US. Verizon telematics boasts an extensive product range including OEM professional services, usage-based insurance, Fleetmatics, Telogis, hum, Verizon Fleet Network, mbrace (Mercedes-Benz), and car-net (Volkswagen). Its vehicle telematics provides safety and security, remote access, infotainment, driver monitoring, personal assistance, navigation, fleet management, diagnostics, and maintenance features. In August 2016, Verizon acquired FleetMatics, a firm that provides SaaS-based GPS tracking system to increase its reach in the telematics market landscape.
Trimble
Trimble started out in 1978 by providing innovative positioning and navigation products. The company develops vehicle telematics solutions by integrating GPS, laser, inertial, and optical technologies with wireless technology, application software, and services. The company has a strong portfolio of about 1,200 patents under its name. Trimble’s in-vehicle navigation and telematics solutions consist of wide range of products including Bison DR + GNSS, Aardvark DR + GPS, Condor Family of GPS Modules, Buffalo GNSS Receiver, Antenna Companion Modules, Copernicus II, and OEM GPS Antennas.
TomTom
TomTom is a Dutch company formed in 1991 and is a market leader in PDA software with navigation applications such as Citymaps and RoutePlanner. It is the most popular navigation solution provider in Europe. Their award-winning fleet management solution, WEBFLEET provides real-time vehicle location information to communicate with the driver to help improve driver behavior and save on fuel costs. Additionally, the vehicle telematics solution also offers mobile WEBFLEET app, extensive reports, third-party solution integration, and order dispatch capabilities.
inseego
Inseego is a leading global provider of solutions for the internet of things (IoT) and software-as-a-service (SaaS). Inseego sells its vehicle telematics solutions under the brand name Ctrack. Ctrack includes asset tracking and monitoring, stolen vehicle recovery, fleet management, and usage-based insurance platforms. For enterprise, service provider, and government customers, their key solutions include Ctrack, DMA, a Subscription Management System, IoT and Mobile solutions supporting 4G and 5G for SD-WAN, mobile and fixed wireless connectivity.
MiX Telematics
MiX Telematics is a leading global provider of fleet management, mobile asset management, and driver safety and vehicle tracking services and solutions. The vehicle telematics company delivers solutions to its customers in more than 120 countries including vehicles ranging from trucks and buses to cars, vans, trailers, and motorbikes. Their fleet telematics solutions have over 625,000 subscribers worldwide who rely heavily on such solutions to boost efficiency by improving fuel consumption, driver behavior, utilization.
Read more about the top vehicle telematics companies along with telematics data, black box insurance, telematics system, pricing strategy, procurement best practices, and supplier evaluation criteria in SpendEdge’s upcoming report on the global commercial telematics market.
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