Smart Fleet Management Market Research Report - Global Forecast To 2030

Smart Fleet Management Market Information Report by Transportation (Automotive, Rolling Stock, Marine), by Hardware (Tracking, Optimization, ADAS, and Diagnostic), by Solution (Tracking and Optimization), and by Regions - Global Forecast To 2030

ID: MRFR/AM/3788-HCR | February 2021 | Region: Global | 111 pages

 Smart Fleet Management Market Scenario


Smart fleet management, essentially, a system through which operators keep track of variable factors such as fuel consumption, maintenance and route management. Smart fleet management systems provide a dedicated server for fleet data and security in a single system, which enables operators to analyze and make informed and cost effective decisions or enhance safety. Such availability of integrated data through smart fleet management systems attract customers, toward these solutions, across the globe. With the entire automotive industry pushing for higher fuel efficiency in vehicles combined with high speed networks, the market for smart fleet management is expected to witness significant growth during the forecast period. Rising demand for connectivity and government regulations are expected to augment the smart fleet management market. Reduction of both, transportation cost and operating cost has come forth as a major trend in the automotive industry, which encourages the players in the smart fleet management market.


High costs associated with the smart fleet management systems is expected act as a major hindrance for the market. Additionally, continuous increase in fleet sizes and travel routes, successively, result in higher complexity of the system, which is expected to act as another major restraint for the smart fleet management market.


Regional Analysis


The Asia Pacific region is expected to provide lucrative opportunities to layers in the smart fleet management market. Stringent government regulations, combined with improving transportation facilities and infrastructure are expected to aid the growth of the smart fleet management market in this region. Government authorities in countries such as India and China encourage original equipment manufacturers to implement such systems in vehicles, mainly to enhance driver safety. The market for smart fleet management is expected to thrive in this region.  Additionally, improving socio-economic conditions in countries such as India, Thailand, and Indonesia have resulted in the growth of demand for premium segment fleets, which positively impacts the market growth during the forecast period.


Other regions such as North America and Europe are also poised for rapid growth. Existence of sophisticated technology and major manufacturers, provides solid groundwork for the smart fleet management firms in this region. Established automotive industry also aids the growth of the market in these regions. Rising number of commercial fleets in Europe and United States, widen the customer base to accommodate major smart fleet management system manufacturers. Significant technological development and research and development activities in the North America and Europe are expected to provide high opportunities for the smart fleet management market to rapidly growth during the forecast period.


Key Players


The key players of global smart fleet management market are -


Harman International Industries, Inc., Robert Bosch GmbH., Siemens AG, Denso Corporation, IBM Corporation, Continental AG, Cisco Systems, Inc., Sierra Wireless, Inc., Calamp Corp., OTTO Marine Ltd., Precious Shipping Co. Ltd., and Globecomm Systems, Inc. In 2016, these companies accounted for a share of XX% of the global market.


Market Segmentation
Smart Fleet Management Market Image


 


Intended Audience



  • Distributer & Supplier companies

  • End Users

  • Consultants and Investment bankers

  • Government as well as Independent Regulatory Authorities


Product Analysis



  • Product matrix which gives a detailed comparison of the market for different recycled product types


Additional Information



  • Regulatory Landscape

  • Pricing Analysis

  • Macroeconomic Indicators


Geographic Analysis



  • Geographical analysis across 15 countries


Company Information



  • Profiling of 10 key market players

  • In-depth analysis including SWOT analysis, and strategy information of related to report title

  • Competitive landscape including emerging trends adopted by major companies


The report for Global Smart Fleet Management Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   Substantial CAGR (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Technology, By Transportation, By Application, By Vehicle type
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Harman International Industries, Inc., Robert Bosch GmbH., Siemens AG, Denso Corporation, IBM Corporation, Continental AG, Cisco Systems, Inc., Sierra Wireless, Inc., Calamp Corp., OTTO Marine Ltd., Precious Shipping Co. Ltd., and Globecomm Systems
  Key Market Opportunities

  • Higher fuel efficiency in vehicles combined
  • High speed networks
  •   Key Market Drivers   Reduction of both, transportation cost and operating cost


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    Frequently Asked Questions (FAQ) :


    The beneficial prospects in the APAC region are expected to secure the leadership of the regional market.

    The revenue levels are expected to rise favorably in the forecast period.

    A superlative CAGR is expected to unlock the potential for progress in the coming period.

    IBM Corporation, Calamp Corp., Continental AG, Cisco Systems, Inc., Siemens AG, Denso Corporation, and Sierra Wireless, Inc. are promoting the market expansion.

    The benefit of a reduction in transportation and operating costs are estimated to benefit the market.