Vehicle Telematics – Applications and Use Cases

While telematics was formerly considered a niche feature in automobiles, the usage of onboard vehicle communication systems is becoming increasingly common year after year. According to a report by PSMarketResearch, the telematics business will be worth $149.9 billion in sales by 2030, with a CAGR of more than 16 percent before then.

The rising usage of connected cars is one of the primary causes that help in the growth of telematics technology. IoT is making an impact in the automobile industry by improving road safety, streamlining traffic management & logistics, and navigation use cases. It is even present in the connectivity within smart cities and related infrastructure.

Use Cases of Telematics Systems

·       Optimizing Traffic

As telematics deployment advances, the benefits of traffic optimization expands. Integration with smart road sensors and traffic lights improves traffic management. Mapping and navigation companies are using real-time traffic data to produce an accurate picture of what's happening on the roads.

Consider a fleet of delivery vehicles that can identify briefly which highways are least congested, or even which roads will be least congested for a certain consignment. With reliable intelligence gathered from many sources, fleet managers can alter their drivers' routes in real-time.

Cutting-edge Fleet Maintenance

Managers and drivers can stay on top of maintenance concerns with an IoT-enabled onboard diagnostics system, before vehicle breakdown occurs. Fleet managers may also utilize IoT to monitor driver behavior in order to save money and secure the safety of their drivers. The latter is closely tied to vehicle telematics services, which allow motor insurance firms to alter premium rates based on a driver's history, saving money for safe drivers.

·       Reassuring the Growth of Car to X Technologies

Car-to-X: the name is purposely ambiguous. The phrase Car-to-X essentially refers to a vehicle that can connect to any other connected entity – therefore, replacing x with another car, pedestrian, cloud, etc. As new automobiles or concept cars are introduced each year, a rising number of sensors are being added to the bodywork to enable for Car-to-X capabilities.

Other use cases of telematics applications are as below:

· Catering to industry-specific needs
·  Monitoring automobile speed
·  Assisting with geofencing
·  Promising solo driver safety and road safety

Final Thoughts

The automobile sector is at various phases of telematics adoption in different geographic regions. However, given the market conditions, automobile OEMs will embrace telematics fully across markets sooner rather than later.

Regardless of the obstacles that lie ahead, IoT technology service providers have several opportunities to establish a leading position in this field through a variety of offerings.