Trailer Telematics: Introduction
Telematics is a combination of telecommunications and informatics. Telematics helps to process and transport information over distance in real time. Trailer telematics enables the monitoring of brake wear, mileage, trailer’s electronic braking system (EBS), tire pressure, and axle load. Trailer telematics also enables the monitoring of temperature changes inside the trailer to maintain optimum temperature. Trailer telematics also enables built-in route guidance, alerts and alarms for better connection, advanced reporting tools enable logistics companies with varying fleet sizes to more efficiently manage their vehicles and the fleets, improve maintenance costs, and achieve operational efficiency all through the comfort of using their smartphones or computers.
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Key Drivers of Global Trailer Telematics Market:
- The tracking system helps improve fleet management and enables remote diagnostics to provide immediate support for drives of fleets to reduce downtime. Data can be accessed by using mobile, computer, or iPad, and it reduces operational cost and damages. Therefore, telematics is gaining popularity in the trucking industry. Rise in demand for safe and crash-free transportation and need to optimize fleet management is likely to drive the trailer telematics market during the forecast period.
- In terms of component, the navigation unit segment of the trailer telematics market is estimated to expand considerably during the forecast period due to advantages such as GPS tracking, which provides the exact position of the trailer. GPS tracking ensures that the routes are optimized, which reduces downtime and delays and provides notification through text message and/or email.
- Safety and security services offered through trailer telematics include vehicle & trip monitoring, identification and protection of drives, vehicle access control, and driver behavior monitoring; therefore, these services are gaining importance among fleet operators. These factors are likely to boost the trailer telematics market during the forecast period.
COVID–19 Pandemic to Hamper Market
The COVID-19 crisis is affecting economies and industries in various countries due to lockdowns, travel bans, and business lockdowns. The global materials industry is suffering serious disruptions such as supply chain breaks and office shutdowns. For instance, China is a global manufacturing hub and raw material supplier of various industries, and it is also one of the worst affected countries. The lockdown of various plants and factories in China is restricting the global supply chains and disrupting manufacturing, delivery schedules, and various material sales. Various companies announced possible delays in product deliveries and slump in future sales of their products. All these factors are anticipated to hamper the global trailer telematics market across the globe.
Key Players Operating in Global Market:
The global trailer telematics market is highly fragmented with top manufacturers across the global market. A few of the key players operating and potential in the global trailer telematics market are:
- PTC, Inc.
- TomTom Telematics BV
- WABCO Corporation
- NOVACOM SERVICES
- MiX Telematics
- Verizon
- BPW Bergische Achsen Limited
- Tirsan
- Truck-Lite Co.
- CalAmp Corporation
- Astrata Group (Omnitracs)
- Masternaut
- Descartes
- Intel Corporation
- Philips
Global Trailer Telematics Market: Research Scope
Global Trailer Telematics Market, by Power Source
- Wired Devices
- Solar Battery Operated Devices
- Self-contained Battery Operated Devices
Global Trailer Telematics Market, by Vehicle Type
- Full Trailer
- Semi-Trailer
- Other
Global Trailer Telematics Market, by Component
- Telematics Control Unit
- Navigation Unit
- Communication Devices
- Others
Global Trailer Telematics Market, by Services Offered
- Safety and Security Services
- Entertainment Services
- Fleet Management Services
- Others
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
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The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
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