“Advanced Telematics in Trucks Market (By Truck Type – Light Trucks, Medium Trucks, Heavy Trucks, Off-Road Trucks. By Application – Trailer Tracking, Vehicle Tracking, Container Tracking, Cold Store, Satellite Navigation, Wireless Vehicle Safety Communications, Vehicle Mileage Capture. By Components – Fleet Management, In Vehicle Emergency Call System, In Vehicle Entertainment and Internet Access, In Vehicle Voice, Lease, Rental, HP, and Share Car Management, Road Side Assistance, Stolen Vehicle Recovery, Usage Based Insurance, Vehicle Diagnostics) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016 – 2025,”in terms of revenue, the Advanced Telematics in Trucks market was valued at US$ 1.71 Billion in 2016, and is expected to reach US$ 9.3 billion by 2024, expected to grow at a CAGR of 20.8% from 2016 to 2025.
Advanced telematics in trucks is the science of informatics and telecommunications that is being applied in computational systems and as well as in wireless technologies. Advanced telematics technology is a modern version of telecommunication, road transportation and vehicle technology which has massively impacted vehicle’s navigation system for generations, and is likely to augment the demand of the technology throughout various automotive verticals. The telematics equipment offers different features that make a vehicle smarter. Advanced telematics in trucks offers a communication pathway between the driver and the dispatcher. Information is being sent to a central server from the truck, from where the dispatcher gains access about the truck location. Exception alerts are also present to notify the dispatcher when the truck leaves a limited geographic area. Advanced telematics provided in trucks helps to improve the efficiency of an organization.