Global smart fleet management market is anticipated
to witness steady growth through 2024 owing to rising dependence on software
solutions in fleet management and growing popularity of cold chain
transportation. Smart fleet management systems enable operators to keep a check
on factors such as route management, fuel consumption, vehicle maintenance and
driver performance. These systems provide a dedicated server for fleet data and
security in a single system, which is anticipated to increase the customer
inclination towards these solutions. The adoption of this technology allows
operators to monitor the driver behavior and measure maintenance costs.
Furthermore, these systems ease the downloading of fleet data to analyze,
measure, and make cost-effective decisions or enhance safety. Smart fleet
management enhances the safety of vehicles and offers cloud storage facilities
& data analytics, which would collectively contribute to the growth of this
market globally.
Based on application, smart fleet
management market is categorized into tracking; optimization; ADAS; and remote
diagnostics. Among these applications, ADAS systems are expected to dominate global
smart fleet management market during forecast period. ADAS systems have higher
adaptability in all passenger cars in most of the advanced economies of Europe
and North America. Furthermore, the countries in the Asia-Pacific region are
focusing on mandating safety feature for ADAS systems. These factors make ADAS
systems one of the most prominent technologies in the smart fleet management
market.
Geographically, Asia-Pacific
region is estimated to be the largest market for smart fleet management during forecast
period. With increasing transport facilities in countries such as Japan, China,
and India and stringent safety regulations, demand for smart fleet management
market is also rising. It is expected that with increase in adoption of
connectivity technology, market for ADAS and telematics would rise in
Asia-Pacific region. The region also has some of the most stringent vehicle
safety regulations in the world, which would boost the market for advanced
driver assistance technologies and telematics, thereby bolstering the growth of
smart fleet management market.
These players are focused on
collaborating with various stakeholders and innovating new products. Companies
are aggressively investing in research and development to further develop
advanced and better autonomous vehicles, ADAS, IoT devices, and sensors, among
others. Companies are also embarking upon mergers and acquisitions to expand
their footprint in the market and enhance their product portfolio. Some of the major
companies operating in global smart fleet management market are Robert Bosch
GmbH, Continental Ag, Denso Corporation, Harman International Industries Inc.,
Siemens AG, IBM Corporation among others.
Years
considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2024
Objective of the Study:
- To analyze and forecast the market size of global smart fleet
management market
- To forecast global smart fleet
management market based on transportation, connectivity, hardware,
solution and regional distribution
- To identify drivers and challenges for global smart fleet
management market
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc. in global smart fleet
management market
- To conduct pricing analysis for global smart fleet management market
- To identify and analyze the profile of leading players operating in
global smart fleet management market
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Some of the leading players in global smart fleet management market
are Robert Bosch GmbH, Continental Ag, Denso Corporation, Harman
International Industries Inc., Siemens AG, IBM Corporation, Sierra Wireless
Inc., Cisco Systems Inc., Calamp Corp., Precious Shipping Public Company Ltd, etc.
TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of smart fleet management vendors across the globe.
Subsequently, TechSci Research conducted primary research surveys with the
identified companies. While interviewing, the respondents were also enquired
about their competitors. Through this technique, TechSci Research could include
the suppliers which could not be identified due to the limitations of secondary
research. TechSci Research analyzed the product offerings, distribution
channels and presence of all major smart fleet management manufacturers across
the globe.
TechSci
Research calculated global smart fleet management market size using a bottom-up
approach, wherein data for various end user industries and its application
across various types were recorded and forecast for the future years. TechSci
Research sourced these values from the industry experts and company
representatives and externally validated through analyzing historical data of
these types and applications for getting an appropriate, overall market size.
Various secondary sources such as company website, news articles, press
releases, company annual reports, investor presentations and financial reports
were also studied by TechSci Research.
Key Target
Audience:
- Fleet operators
- Automotive electronic system manufacturers
- Rolling stock manufacturers
- Organizations, forums and alliances related to
smart fleet management market
- Market research and consulting firms
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as solution
providers and partners, end users, etc., besides allowing them in strategizing
investments and capitalizing on market opportunities.
Report Scope:
In this report, global smart fleet
management market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- Market, By Transportation
- Automotive
- Rolling Stock
- Marine
- Market, By Connectivity
- Short Range Communication
- Long Range Communication
- Cloud
- Market, By Hardware
- Tracking
- Optimization
- ADAS
- Remote Diagnostics
- Market,
By Solutions
- Vehicle Tracking
- Fleet Optimization
- Market,
By Region:
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Thailand
- Malaysia
- Europe
- France
- Germany
- United Kingdom
- Italy
- Spain
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Iran
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in global smart fleet management market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
Profit
Margin Analysis
- Profit margin analysis in case of direct and indirect sales
channel.
In case you don’t find what you are
looking for, please get in touch with our custom research team at sales@techsciresearch.com
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