An in-Depth Look at the Latest Telematics Industry Statistics

An in-Depth Look at the Latest Telematics Industry Statistics

 

 

The telematics industry is one of the most rapid-growing industries in the United States today, and with good reason. Did you know that 86 percent of trucking fleets in the United States used automotive telematics for GPS fleet Custom Dog Collar in the year 2019? It is one of the best tools for fleet managers because it allows them to track the progress of their trucking fleet.

If you don't know much about the telematics market, that's nothing to be ashamed of. While it is a great tool for fleet management, there isn't something that is common knowledge. The good news is that you're in the right place to learn more about the telematics industry.

Continue reading to learn more about how the telematics industry works and the benefits that it provides.

What Is The Telematics Industry?

Automotive telematics is a technology that involves the installation of a vehicle tracking device into an automobile or truck. This device sends signals back and forth while also storing data of the vehicle's travels. The vehicle is also equipped with an onboard diagnostics port that uses a SIM card as well as a wireless modem.

This device collects the data produced by the GPS service everywhere that the vehicle goes. It helps with fleet management by keeping truck drivers on schedule to reach their destination with their cargo. Tools like the GPS Trailer Tracker are invaluable to fleet managers.

How Should You Use Automotive Telematics?

There are a number of great ways that your trucking fleet can use GPS fleet tracking. Telematics is good at integrating with your applications and systems that are already in place and it is well-suited for working with fleets of any and all sizes.

GPS Fleet Tracking

One of the biggest things that automotive telematics is valuable for is tracking the trucks in your fleet. These trucks are tracked using GPS satellites as well as receivers for the signals that the device in the truck sends out. The receiver downloads the information coming from your truck and uses it with GPS navigation systems. This makes it easier to dispatch drivers to new and urgent jobs.

Asset Tracking

Another big benefit that trucking fleets see when investing in telematics is the ability to accurately track their assets like their trucks and trailers. This helps to keep the trucking company's assets from going missing. It also helps to provide directions to drivers for them to find trailers that need a driver.

This technology allows drivers to leave breadcrumbs for other drivers if they drop a trailer off somewhere. They do this by tagging the trailer in the GPS system so other drivers can easily route themselves to it. Best of all, the system allows alerts to get sent to the trucking manager when a trailer or company asset gets moved and hasn't been authorized by the manager.

Improved Maintenance Schedules

Long-haul trucking fleets put a lot of miles and time into their machines. When time is of the essence, maintenance has a huge role to play when making sure that your deliveries arrive on time. Using telematics helps to track precisely how many miles the truck travels and how much time it spends out on the open road.

This is perfect for helping fleet managers schedule preventative maintenance for their trucks. This preventative maintenance not only saves money on costly repairs but also keeps the drivers and other people on the road safe.

Safety Tracking

Another big benefit of investing in telematics for your trucking fleet is that you'll have access to the safety information of all of your trucks. You'll know how fast your drivers are driving. You'll even have information about harsh driving like extreme acceleration and info about if your drivers are wearing their seatbelts.

The telematics market also helps with showing managers ways that they can increase safety for their drivers and prevent accidents.

Accurate Insurance Risk Assessment

Telematics is also a great way to help you save money by providing accurate risk assessments to insurance companies. All of the drivers' information is available like the speed they drive at and extreme driving behavior.

When insurance companies have access to this information it makes it easier for them to provide accurate insurance premiums based on the risk of insuring your drivers.

Benefits of Telematics

There are some massive benefits waiting to be had if you make the switch to using automotive telematics for your trucking fleet. While it will help you with preventative maintenance schedules, there are a number of other great benefits you should know about too.

Decreased Fuel Expenses

One thing that comes with the telematics industry that is valuable to your trucking fleet is helping you find areas of waste. This includes fuel slippage or prolonged periods of vehicle idling. This information helps you to address these issues in a quick manner to eliminate excess waste.

It is also a great tool to use for helping your drivers plan the most efficient route from their starting point to their shipping destination.

Improved Safety

Telematics gives you live feedback about the driving speed and driver behavior of each truck. This makes telematics a great way to improve safety within your trucking fleet. This technology helps you to coach your drivers on how to properly drive and handle their trucks. It eliminates dangerous or harsh driving habits.

Increased Productivity

Using automotive telematics is also a great way for keeping your drivers accountable. It ensures that they're doing their job the way they're supposed to.

It is also perfect for helping to route your truck drivers around traffic buildups or inclement weather. This helps them get their cargo to the destination quickly and in a safe manner.

Consider Using the Telematics Industry for Your Fleet

The telematics industry has grown by leaps and bounds over the past decade and with good reason. It is an incredible tool for any fleet managers that want to cut down on fuel costs and improve productivity within their fleet. It is also a valuable tool for tracking your assets and helping your drivers find their way to the destination in a safe way.

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