May 15, 2020
Supply chain de-risking has been the highest priority of customers across the globe as disruptions have become commonplace in recent times, especially since the number of online orders and home deliveries has increased due to the Coronavirus outbreak. Real-time monitoring and on-time deliveries are the key metrics for customer satisfaction, as well as for managing supply chain workflow. Vehicle telematics also serves a key purpose here. Telematics is an integrative field that encompasses telecommunication, vehicular technologies, and informatics. Though telematics dates back to several decades, it has seen rapid innovation and adoption in recent years with developments in supporting technologies.
Telematics deployments are becoming more cost-effective and are used in many applications for different business verticals. For instance, the global automotive telematics market is projected to reach $320B by 2026, with a CAGR growth of 26.8%. Typically, the satellite-based positioning telematics hardware in the vehicle black box is connected to the vehicle and integrated into a user platform via wireless technologies. This centralized information platform provides the user with unlimited access to vehicle data not limited to tracking services, navigation, roadside assistance, and security notification, but it also provides control over the vehicle remotely. 
Telematics in Automotive
Vehicle tracking is one of the most widely used applications of telematics, besides which it can also facilitate better workflow in other business operations through its technology and integration.
RFID Tags in Goods Tracking Services
When RFID technology is combined with telematics, besides automation of goods tracking in real-time, a wide range of management functions can be tracked as well, such as individual consignment details and ensuring transit requirements cargo. Passive tags when mapped with telematics hardware can automate the identification and tracking of individual goods in real-time during transit. Sensor-equipped RFID tags can be used to monitor and report on conditions experienced by the tag. An accelerometer-equipped tag can measure the vibration or shock levels experienced by the shock-sensitive cargo to which it’s attached.
RFID tags with temperature loggers are particularly useful on climate-sensitive cargo, be it from perishable goods to high-end weapon systems, a temperature logger enabled RFID tag helps in ensuring the right conditions of cargo during transit. Syrma provides electronics design and manufacturing services to diverse markets. As an IATF16949 certified electronics manufacturing company, we help the global automotive industry and solution providers to develop and manufacture custom telematics, as well as unique RFID products.
Connected Auto Insurance
This type of insurance provides a leap in the risk assessment effectiveness over traditional methods and helps insurance firms to obtain precise data for how, how much, when, and where vehicles are operated. A study by leading insurers reveals that using telematics-based risk assessment against classic models predicts accidents by more than two times and a telematics-based risk score is up to 6 times more powerful than using traditional methods.
Backed by 40 Years of Expertise
We contribute our 40 years of design and manufacturing expertise spanning multiple diverse markets. We look forward to discussing how we can deliver world-class products for OEMs across the globe. We understand our home Indian market, familiar with its vast regulatory and selling environments. We foster growth opportunities within India through our strong technology incubation ecosystem. We also assist global OEMs in entering the Indian market by leveraging the local supply chain and favorable operating environments for cost reductions.
Our flagship Chennai location opened in 2006 and lies within a Special Economic Zone (SEZ) for electronics manufacturing, offering economic incentives for imports and exports. This primary facility is within 90 minutes of the Chennai seaport and 20 minutes to the international airport. Additional road and rail connectivity links to the rest of India and beyond and infrastructure advantages with faster import and export clearances. We also have labor force flexibility, both technical and manual, to scale to demand rapidly.
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