India has a huge growth potential in the auto industry considering the rising sale of vehicles. Transportation is the backbone for fast moving lifestyle of the present generation; people are heavily dependent on better transit facilities and always strive for new
innovations in the auto sector. The industry has undergone a paradigm shift especially when we see the rising number of accidents and thefts in the automobile segment. Deployment of
machine-to-machine (M2M) telematics applications in the
automotive industry can help
decrease the number of road accidents and damages. Telematics is improving the quality of lifestyle by adding functionality and value to automotive, tracking and transport solutions.
Telematics diligence is one of the highest emerging sectors in the world and progresses in mobile communication industry have made it possible to detect and determine any variable in real-time. Indian telematics market is gaining momentum and proposes elevated expansion opportunities for all the sectors and vendors.
Automobile industry is implanting more and more telematics technology in the vehicles to monitor the performance and to detect any flaws in the vehicles, simultaneously meeting the demands of users for wireless connectivity. According to iSuppli, BRIC region has the fastest growing auto industry when compared to the western countries and the percentages of vehicles embedded with telematics technology are expected to reach 46% globally by the end of 2018, yet the telematics development is still at a nascent stage in the BRIC economies.
India being a vast nation, the adoption of M2M technology in the telematics segment has a massive potential and machine-to-machine (M2M) resolution is the elucidation to make these things possible and affordable. M2M devices are designed in such a way that they can be incorporated into all transportation segments like cars, trucks, aircraft, trains, trailers, ships and containers. GNSS, Short Range, 2G, 3G and even 4G communication modules etc are the technologies that facilitate M2M communication; this would lead to enhanced quality of life in the developing world. There are several telematics devices that are the part of the transportation segment like navigation, stolen vehicle recovery, infotainment systems, electronic toll systems and vehicle diagnostics. M2M technologies can help in getting real time update, vehicle information, toll, parking and other relevant information.
M2M is also gaining impetus in various subsidiary industries like automobile leasing business, fleet management and related sectors. The rising demand of telematics embedded vehicles is expected to drive down the prices of these devices