This book is presented on the futuristic model of telematics system which will not only provide the vehicle user guidance, emergency or road side assistance or vehicle diagnostic/ health report on data captured but will also provide in much more deeper level a real time risk of any failure or service requirement in a vehicle. This prediction will be made by highly sophisticated and very well integrated failure predictions of all the components in that vehicle of the particular lot subjected the real loads due to driving behaviour the vehicle was subjected from 0km till date during its product lifecycle. This research will also establish the level of traceability, fault detection, data integration and system integration at all tiers levels between the Vehicle manufacture to its end suppliers for achieving the best possible predictions. Later on will be developed as a platform for reliability based real-time designing of systems and components. This book will also talk about the overall service system requirements in today's world and changes for adaptability in it.