Video Telematics Market Scope
Telematics technology is used to help tackle a wide array of vital tasks which help keep fleets running smoothly & safely. The benefits of telematics services broadly categorised into three primary categories: operations, safety, and compliance. Video telematics combines video information, computer vision technology, and vehicle data to deliver insights that telematics alone cannot. Traditional driver telematics, for example, can give fuel information, as well as data about erratic driving events such as hard braking, swerving, or collisions. Video telematics gives the critical setting required to make long-term solutions. For illustration, the utilize of a cell phone while driving can be identified proactively before it results in a serious event.
The Video Telematics market study is segmented, by Application (Passenger Cars, Commercial Vehicle and Original Equipment Manufacturers) and major geographies with country level break-up.
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition and changing of consumer spending patterns and need pose significant opportunities for market growth. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Video Telematics market throughout the predicted period.
Streamax (China), Geotab (Canada), Bendix (Lorain), AT&T Inc. (United States), CameraMatics (Ireland), FleetCam (South Africa), iCAM Video Telematics (South Africa), LightMetrics (India), Verizon Telematics (United States) and VUE (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Lytx (United States), Nauto (United States) and Netradyne (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AMA Research has segmented the market of Global Video Telematics market by Type, Application and Region.
On the basis of geography, the market of Video Telematics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On 24 March 2021,Geotab, a worldwide pioneer in IoT & connected transportation, along with Lytx, a worldwide pioneer & pioneer of video telematics, declared the availability of an integrated camera solution from Surfsight.
Market Trend
- The integration of cameras to enable different video-based solutions in commercial vehicle environments is an vital trend in the fleet telematics segment.
Market Drivers
- Benefits like Fuel Savings, Accident Prevention, Reduced Operational Cost
- Emergence of Electric Vehicle
Opportunities
- Untapped Market of Developing Market
Restraints
- Threats of Data Breaches
- High Cost of Installations
Challenges
- High Competition among Players
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Video Telematics Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries