Many of our readers are well versed in transportation telematics technology and benefit from it’s services every day. You understand GPS Tracking, how it works, fuel data, OBDII and JBUS ports, driver behavioral data, etc. Some may overlook a few features and services that could really benefit your business. In this article, we cover a few topics that can benefit you.
Telematics Market Value
Transport telematics has grown rapidly in the last 10-15 years. This steady growth continues as it is expected to hit US$ 441.5 billion by 2030, poised to grow at a CAGR of 21.3% from 2021 to 2030.
The government rules and regulations for vehicle telematics, as well as a rise in the popularity of connectivity options, are propelling the market growth of automotive telematics. The automotive telematics industry is growing due to the simplicity with which vehicles can be diagnosed due to telematics systems.(REFERENCE RESEARCH)
Exploring the IoT landscape
Below we examine several other industries from the IoT market segments chart above to brainstorm how to leverage transport telematics expertise in adjacent fields.
Let’s take a segment that seemingly has little to do with transport telematics — Energy. Global energy prices have been soaring in the past 12 months. Historically, economically turbulent times trigger the development of versatile cost-saving products, including fleet management platforms that allow monitoring and optimizing fuel consumption, streamlining operational processes, minimizing administrative overhead, etc.
Traditionally, cold chain telematics is leveraged to monitor whether the temperature does not go above a certain threshold and to prevent spoilage of goods, pharmaceuticals, etc. What is often overlooked however is that it also makes a lot of sense to monitor that the temperature does NOT go below certain thresholds to save energy.
The ideal temperature in the freezer for a retail fridge is -17°C. A fridge normally would consume 1kWh of electricity per day on average. However, if the temperature drops by just 3-4 degrees to -20 or -21°C, the energy consumption DOUBLES to 2kWh per day. Imagine if your company operates hundreds or thousands of commercial fridges or reefer trailers, you are wasting energy unnecessarily.
Keeping the temperature too low results in wasting thousands of kWh of energy per day, which translates into substantial unnecessary expenses.
Most owners or fleet managers working in this field tend to solely focus on preventing spoilage of the products as if that happens, the company’s is liable for lost goods. However, expanding the focus to also avoiding unnecessarily low temperatures can contribute to significant energy and money savings over time.
Telematics we offer:
The GV600 series (LTE) is a ruggedized waterproof GNSS trackers specially designed for the trailer, tanker, reefer and flatbed truck tracking. This device supports both wired and wireless temperature sensors. The series leverages LTE Cat M1/NB1 network on multiple bands for operation globally with fallback to GPRS.
TLP2-SFB large solar-powered asset tracker with BLE for reefers and containers not only provides real-time location updates but also transmits data collected from BLE sensors, such as temperature, humidity, and door open.
- Limitless power from solar
- Real-time location and temperature monitoring
- Alerts when the device is unmounted, starts/stops moving, high/low temperature, etc.
- Asset door status monitoring
- Up to 40 sensors can work with the tracker at the same time, unlimited sensors can be paired with the tracker.
Agriculture has seen a big demand for optimization through smart technology under the pressure of climate change, fluctuating commodity prices, rising interest rates, growing population, and labour cost and availability.
Telematics and GPS provide agricultural workers & managers with transparent data on fields, crops, and their processing. Having specific information and insight on hand, users can effectively plan and improve agribusiness processes as well as driver further efficiencies. Monitoring and tracking the movement and location of tractors, seed planters, harvesters, and mowers or even optimizing field cultivation are now easily organized and controlled by Agri+ solution.
We posted the Agri+ in-depth article that introduces its function and benefits. Read the blog and find out how it helps improve filed works efficiency: https://www.lvmtrack.com/2021/10/18/smart-technology-transformation-in-the-agriculture-industry/
A similar approach with BLE sensors can be applied to municipal IoT projects, e.g. in waste management — garbage trucks are equipped with GPS trackers and trash containers are equipped with BLE beacons verifying bin servicing intervals and time, along with location and identity of each bin.
Telematics we offer:
Blue PUCK MOV – Adapted to harsh industrial environments, the Blue PUCK MOV is a robust & compact beacon featuring an integrated motion sensor. Bluetooth technology compliant, it transmits data within a radius of 500 meters, with battery life reaching up to 19 years.
Topflytech TLP1-P is a 4G LTE portable GPS tracker with a function button and rechargeable battery. The device features AGPS support, MQTT support, motion-controlled operations, 4800mAh rechargeable Li-Pol battery, FOTA, an SOS button, a waterproof IP67 casing, built-in light & temperature sensor, and more. Suitable for 4G LTE Cat M1 / NB-IoT / EGPRS networks.
Future-proof your telematics business
These are just some basic examples of how leveraging telematics in other industries can have massive benefits and impact.
Using telematics integrated with fleet management, you can track your vehicles, monitor their performance, and ensure that they are on the right path. You can also access real-time data that will allow you to make informed decisions about how to best manage your fleet.
In addition, we offer over 20 business-specific companion application solutions, such as scheduled transportation management, fleet inspections, last mile delivery service, maintenance management, driver behaviour monitoring, transit agriculture, and much more. We help your telematics business future-proof and launch more diverse IoT solutions.
Contact us today for more information.