Considering land transportation makes shipments much more vulnerable to cargo theft, commercial telematics appropriately allows companies to remotely monitor in-transit shipments, as well as receive real-time alerts concerning whether or not the shipments reached their final destinations in a timely manner, were stolen, or experienced any counterfeit attack. Economic development will further enhance the rapid motorization of this technology in Asia.
"By leveraging commercial telematics solutions, local governments can combat road fatalities in Asia," concludes Artes. "The systems can track driver performance, identify unsafe driving practices, and then provide the driver with real-time or periodic feedback and customized driver training. This would help boost driver's compliance to safe driving regulations and eventually mitigate vehicle-to-vehicle collision and protect pedestrians from being hit by vehicles on the road."
ABI Research forecasts the number of commercial telematics subscribers will reach more than 7.5 million in China and 1.4 million in India by 2021. The Chinese market landscape remains fragmented with a mix of many local telematics service providers and vendors, including Dynafleet, Ford Sync, Shanghai OnStar, and Scania Fleet Management. Key players in India include Tata FleetMan, iTrack, Axestrack, Arya Omnitalk, and EFKON India. Worldwide, ABI Research expects the number of commercial telematics subscribers, excluding trailer tracking, will near 75 million by 2021 with a CAGR of 17%.
"Globally, truck and car manufacturers understand the perks of commercial telematics, with vendors like FleetBoard (Daimler), Ford, General Motors, Iveco, Scania, and Tata Motor installing telematics into their vehicles and offering fleet management solutions like emergency call, remote diagnostics, and vehicle tracking," concludes Artes. "New cellular network technologies will soon further reduce connectivity costs and contribute to adoption spikes with vehicle tracking solutions migrating either to EC-GSM or the more network-efficient LPWA LTE technologies in LTE Category 1, LTE Category M1 and LTE Category M2."
These findings are from ABI Research's Commercial Telematics in Asia (https://www.abiresearch.com/market-research/product/1020110-commercial-telematics-in-asia/) report.
About ABI Research
ABI Research stands at the forefront of technology market research, providing business leaders with comprehensive research and consulting services to help them implement informed, transformative technology decisions. Founded more than 25 years ago, the company's global team of senior and long-tenured analysts delivers deep market data forecasts, analyses, and teardown services. ABI Research is an industry pioneer, proactively uncovering ground-breaking business cycles and publishing research 18 to 36 months in advance of other organizations. For more information, visit www.abiresearch.com.
Logo - http://photos.prnewswire.com/prnh/20151014/276887LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/commercial-telematics-in-asia-burgeoning-in-response-to-economic-development-and-government-mandates-300374556.html
SOURCE ABI Research