The automotive industry is shifting its attention away from infotainment to focus on transformative technologies that will enable the Mobility as a Service paradigm to spring to life. Third-party platforms like CarPlay and Android Auto increasingly dominate the industry as it explores the benefits of ADAS, V2X, 5G connectivity, AI, AR, driverless vehicles, electrification, and IoT. And the future starts now, with the new car and ride sharing economy already evolving to take Uberization to the next level with driverless taxis and multimodal transportation. In the shorter term, car-to-cloud vehicle sensor data crowdsourcing for traffic, parking, weather and map services and cloud-to-car Over the Air Updates for life cycle and cyber security management are critical focus areas. Commercial vehicle technology is evolving from aftermarket fleet telematics to embedded connectivity, active safety and ADAS, platooning and ultimately autonomous trucks.
With the emergence of Intelligent Transportation Systems (ITS) and smart city initiatives, commercial telematics technologies are now being implemented in public transportation markets. This presents opportunities for telematics companies to extend and customize current offerings to open up this market. A number of leading providers have identified significant potential in the public bus market, particularly in emerging regions such as India and China, where buses play a prominent role in public transport. From a technological point of view, the prevalence of smartphones and tablets is changing how public transportation companies think about telematics, creating new opportunities for cost sensitive users.
This report aims to highlight the drivers and inhibitors around the commercial telematics in public transport market, outlining the revenue potential and the companies currently leading the way in this space. Forecasts are provided for commercial telematics installed base, shipments, and revenues for each major region.