Smart Fleet Management Industry Overview

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 Industry.

Competitive Analysis

The global Smart Fleet Management Industry is dominated by companies such as Globecomm Systems Inc., Precious Shipping Co. Ltd., OTTO Marine Ltd., CalAmp Corp., Sierra Wireless Inc., Cisco Systems Inc., Continental AG, IBM Corporation, Denso Corporation, Siemens AG, Robert Bosch GmbH, and Harman International Industries Inc.

Segmentation

The global Smart Fleet Management Industry is segmented on the basis of transportation type, hardware, solution, and region.

By transportation type, the global Smart Fleet Management Industry is segmented into automotive, rolling stock, and marine.

By hardware, the global Smart Fleet Management Industry is segmented into tracking, optimization, ADAS, and diagnostic.

By solution, the global Smart Fleet Management Industry is segmented into tracking and optimization.

Regional Analysis

Asia Pacific is likely to retain a major share in the global Smart Fleet Management Industry over the forecast period. The growing urbanization and industrialization in Asia Pacific has driven the demand for smart, efficient tracking mechanisms for shipping companies. The steady improvement in transportation facilities and infrastructure in countries such as China, India, Indonesia, Malaysia, and Singapore is likely to be a major driver for the global Smart Fleet Management Industry over the forecast period. The growing number of software development companies in the region and the growing research prospects in the Internet of Things (IoT) are also likely to be a major driver for the Smart Fleet Management Industry in Asia Pacific over the forecast period, as this is likely to enable smooth incorporation of technological advances into the practical solutions.

Growing government support for solutions that make transportation safer and more reliable across the board is likely to be a major driver for the smart fleet management solutions market in Asia Pacific. Driver safety has become a major topic in transportation applications over the last few years, with several governments issuing supportive regulations that could enable strong progress of the Smart Fleet Management Industry over the forecast period.

North America and Europe are also likely to hold on to major shares in the global Smart Fleet Management Industry over the forecast period due to the early mover advantage, which has seen widespread installation of advanced smart fleet management solutions in these regions.

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