The market volume of telematics systems in Southeast Asia was 1.89 million units in the previous years, and it is expected to reach 3.57 million units, registering a CAGR of 11.53% during the forecast period. Telematics refers to the set of technologies used to monitor a broad range of information concerning an individual vehicle or fleet. Telematics systems can gather information, including driver behavior, tracking location, engine diagnostics, and vehicle activity. Along with these, it can also help fleet operators to visualize the data generated on the software platform to manage their resources.
The Southeast Asia Telematics Market is fragmented as the intensity of competitive rivalry in the market is high, with multiple players vying for market share in a contested space. The competition is expected to increase, with newer players looking to offer specialized offerings, value add-ins, and innovative business models. DTC Enterprise, GPSiam, Forth Tracking System, Thai GPS Tracker, and Guarantee GPS are some of the major players in the market.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook