From the commercial telematics to consumer telematics, the most exciting when it comes to the global telematics market is to see that, this market is growing, due to increasing demand for connectivity, surging number of government projects for its adoption to ensure people's safety, and increasing penetration of telematics in the developing countries.
According to Research and Markets, the key competitors in the global telematics
market include Verizon Communication Inc., HARMAN International Industries
Inc., TomTom International BV, AT&T, Vodafone Group Plc, Ford Motor
Company, BMW Group, Telefonica SA, MiX Telematics, Trimble Navigation Ltd
For those who are unfamiliar, Consumer telematics enables transfer of large
amount of real-time data, in and out of passenger vehicles. Commercial
telematics are used in light, medium and heavy commercial vehicles, as well as
passenger cars for commercial purposes, in order to enable the tracking of such
vehicles.
North America accounted for the largest share in the global
telematics market, whereas Asia-Pacific
witnessed highest growth in 2015, according to Research and Markets.