Product Code: 137987-01-23
Smart Fleet Management Market Is Projected to Expand At A CAGR Of 10% Between 2023 And 2031. Smart fleet management systems allow fleet operators to track vehicles remotely using GPS technology that helps in coordinating, managing, and simplifying transport/freight-related activities. Smart fleet management systems simplify transport-related activities and help in minimizing overall transportation costs through cost-effective and optimum utilization of available resources. Managing a fleet of vehicles is a challenging task, especially with respect to concerns regarding the safety of passengers and drivers. Along with this, the imminent need to deliver excellent customer service and keep check on fuel costs is equally important. Smart fleet management solutions not only help operators to address these issues effectively, but also improve fleet performance and customer satisfaction.
Smart fleet management allows optimal monitoring and routing of a vehicle. Due to real time access to fleet status and fleet data, fleet operators can run efficient operations that can help improve the driver productivity. Advancements in technology resulting in increased internet connectivity has helped fleet operators to obtain information in real time and make informed decisions with respect to operational efficiency. Additionally, smart fleet management systems help in downloading the fleet data to measure analyze, and enhance safety for making cost-effective decisions For instance, the fleet operators can measure the fuel efficiency of a vehicle in advance, based on the route that it has selected. Thus, smart fleet management systems increases effectiveness and efficiency of operator by reducing the overall transportation, workload, and staff costs.
Smart fleet management market is driven by the increasing demand for real-time tracking and fleet monitoring among fleet owners. In addition, rising need for enhancing vehicle safety and stringent government regulations promoting secure, efficient, and reliable transportation collectively drive the market growth. Furthermore, growing trend towards mobile connectivity and connected car concept has enabled fleet owners to achieve high operational efficiencies, enhance vehicle safety, and optimize fleet operations. With the advent of Internet of Things, fleet operators are increasingly equipping their vehicles with the wireless technology in a bid to improve and achieve seamless connectivity and scalability. These factors are collectively anticipated to favor demand for fleet optimization solutions over the forecast period (2018 - 2026)
Key players identified in the smart fleet management market include but are not limited to:
BMW, CalAmp, CHAINWAYTSP CO., Ltd., Cisco, Continental AG, DENSO CORPORATION, Globecomm Systems Inc., HARMAN International, IBM Corporation, JUTHA MARITIME, ORBCOMM, Otto Marine Limited., Precious Shipping Public Company Limited, Robert Bosch GmbH, Siemens AG, Sierra Wireless, TomTom International BV., Zonar Systems, Others notable players.
Historical & Forecast Period
This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2031.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Smart Fleet Management market are as follows:
Research and development budgets of manufacturers and government spending
Revenues of key companies in the market segment
Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report:
Micro and macro environment factors that are currently influencing the Smart Fleet Management market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
Transportation
Automotive
Marine
Rolling Stock
Connectivity
Short Range Communication
Long Range Communication
Cloud
Region Segment (2021-2031; US$ Million)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Key questions answered in this report:
What are the key micro and macro environmental factors that are impacting the growth of Smart Fleet Management market?
What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
Estimated forecast and market projections up to 2031.
Which segment accounts for the fastest CAGR during the forecast period?
Which market segment holds a larger market share and why?
Are low and middle-income economies investing in the Smart Fleet Management market?
Which is the largest regional market for Smart Fleet Management market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Which are the key trends driving Smart Fleet Management market growth?
Who are the key competitors and what are their key strategies to enhance their market presence in the Smart Fleet Management market worldwide?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Smart Fleet Management Market
- 2.2. Global Smart Fleet Management Market, By Transportation, 2022 (US$ Million)
- 2.3. Global Smart Fleet Management Market, By Connectivity, 2022 (US$ Million)
- 2.4. Global Smart Fleet Management Market, By Geography, 2022 (US$ Million)
- 2.5. Attractive Investment Proposition by Geography, 2022
3. Smart Fleet Management Market: Competitive Analysis
- 3.1. Market Positioning of Key Smart Fleet Management Market Vendors
- 3.2. Strategies Adopted by Smart Fleet Management Market Vendors
- 3.3. Key Industry Strategies
- 3.4. Tier Analysis 2022 Versus 2031
4. Smart Fleet Management Market: Macro Analysis & Market Dynamics
- 4.1. Introduction
- 4.2. Global Smart Fleet Management Market Value, 2021 - 2031, (US$ Million)
- 4.3. Market Dynamics
- 4.3.1. Market Drivers
- 4.3.2. Market Restraints
- 4.3.3. Key Challenges
- 4.3.4. Key Opportunities
- 4.4. Impact Analysis of Drivers and Restraints
- 4.5. See-Saw Analysis
5. Smart Fleet Management Market: By Transportation, 2021-2031, USD (Million)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2022 Versus 2031
- 5.3. Market Segmentation
- 5.3.1. Automotive
- 5.3.2. Marine
- 5.3.3. Rolling Stock
6. Smart Fleet Management Market: By Connectivity, 2021-2031, USD (Million)
- 6.1. Market Overview
- 6.2. Growth & Revenue Analysis: 2022 Versus 2031
- 6.3. Market Segmentation
- 6.3.1. Short Range Communication
- 6.3.2. Long Range Communication
- 6.3.3. Cloud
7. North America Smart Fleet Management Market, 2021-2031, USD (Million)
- 7.1. Market Overview
- 7.2. Smart Fleet Management Market: By Transportation, 2021-2031, USD (Million)
- 7.3. Smart Fleet Management Market: By Connectivity, 2021-2031, USD (Million)
- 7.4.Smart Fleet Management Market: By Region, 2021-2031, USD (Million)
- 7.4.1.North America
- 7.4.1.1. U.S.
- 7.4.1.1.1. Smart Fleet Management Market: By Transportation, 2021-2031, USD (Million)
- 7.4.1.1.1. Smart Fleet Management Market: By Connectivity, 2021-2031, USD (Million)
- 7.4.1.2. Canada
- 7.4.1.2.1. Smart Fleet Management Market: By Transportation, 2021-2031, USD (Million)
- 7.4.1.2.1. Smart Fleet Management Market: By Connectivity, 2021-2031, USD (Million)
- 7.4.1.3. Rest of North America
- 7.4.1.3.1. Smart Fleet Management Market: By Transportation, 2021-2031, USD (Million)
- 7.4.1.3.1. Smart Fleet Management Market: By Connectivity, 2021-2031, USD (Million)
8. UK and European Union Smart Fleet Management Market, 2021-2031, USD (Million)
- 8.1. Market Overview
- 8.2. Smart Fleet Management Market: By Transportation, 2021-2031, USD (Million)
- 8.3. Smart Fleet Management Market: By Connectivity, 2021-2031, USD (Million)
- 8.4.Smart Fleet Management Market: By Region, 2021-2031, USD (Million)
- 8.4.1.UK and European Union
- 8.4.1.1. UK
- 8.4.1.1.1. Smart Fleet Management Market: By Transportation, 2021-2031, USD (Million)
- 8.4.1.1.1. Smart Fleet Management Market: By Connectivity, 2021-2031, USD (Million)
- 8.4.1.2. Germany
- 8.4.1.2.1. Smart Fleet Management Market: By Transportation, 2021-2031, USD (Million)
- 8.4.1.2.1. Smart Fleet Management Market: By Connectivity, 2021-2031, USD (Million)
- 8.4.1.3. Spain
- 8.4.1.3.1. Smart Fleet Management Market: By Transportation, 2021-2031, USD (Million)
- 8.4.1.3.1. Smart Fleet Management Market: By Connectivity, 2021-2031, USD (Million)
- 8.4.1.4. Italy
- 8.4.1.4.1. Smart Fleet Management Market: By Transportation, 2021-2031, USD (Million)
- 8.4.1.4.1. Smart Fleet Management Market: By Connectivity, 2021-2031, USD (Million)
- 8.4.1.5. France
- 8.4.1.5.1. Smart Fleet Management Market: By Transportation, 2021-2031, USD (Million)
- 8.4.1.5.1. Smart Fleet Management Market: By Connectivity, 2021-2031, USD (Million)
- 8.4.1.6. Rest of Europe
- 8.4.1.6.1. Smart Fleet Management Market: By Transportation, 2021-2031, USD (Million)
- 8.4.1.6.1. Smart Fleet Management Market: By Connectivity, 2021-2031, USD (Million)
9. Asia Pacific Smart Fleet Management Market, 2021-2031, USD (Million)
- 9.1. Market Overview
- 9.2. Smart Fleet Management Market: By Transportation, 2021-2031, USD (Million)
- 9.3. Smart Fleet Management Market: By Connectivity, 2021-2031, USD (Million)
- 9.4.Smart Fleet Management Market: By Region, 2021-2031, USD (Million)
- 9.4.1.Asia Pacific
- 9.4.1.1. China
- 9.4.1.1.1. Smart Fleet Management Market: By Transportation, 2021-2031, USD (Million)
- 9.4.1.1.1. Smart Fleet Management Market: By Connectivity, 2021-2031, USD (Million)
- 9.4.1.2. Japan
- 9.4.1.2.1. Smart Fleet Management Market: By Transportation, 2021-2031, USD (Million)
- 9.4.1.2.1. Smart Fleet Management Market: By Connectivity, 2021-2031, USD (Million)
- 9.4.1.3. India
- 9.4.1.3.1. Smart Fleet Management Market: By Transportation, 2021-2031, USD (Million)
- 9.4.1.3.1. Smart Fleet Management Market: By Connectivity, 2021-2031, USD (Million)
- 9.4.1.4. Australia
- 9.4.1.4.1. Smart Fleet Management Market: By Transportation, 2021-2031, USD (Million)
- 9.4.1.4.1. Smart Fleet Management Market: By Connectivity, 2021-2031, USD (Million)
- 9.4.1.5. South Korea
- 9.4.1.5.1. Smart Fleet Management Market: By Transportation, 2021-2031, USD (Million)
- 9.4.1.5.1. Smart Fleet Management Market: By Connectivity, 2021-2031, USD (Million)
- 9.4.1.6. Rest of Asia Pacific
- 9.4.1.6.1. Smart Fleet Management Market: By Transportation, 2021-2031, USD (Million)
- 9.4.1.6.1. Smart Fleet Management Market: By Connectivity, 2021-2031, USD (Million)
10. Latin America Smart Fleet Management Market, 2021-2031, USD (Million)
- 10.1. Market Overview
- 10.2. Smart Fleet Management Market: By Transportation, 2021-2031, USD (Million)
- 10.3. Smart Fleet Management Market: By Connectivity, 2021-2031, USD (Million)
- 10.4.Smart Fleet Management Market: By Region, 2021-2031, USD (Million)
- 10.4.1.Latin America
- 10.4.1.1. Brazil
- 10.4.1.1.1. Smart Fleet Management Market: By Transportation, 2021-2031, USD (Million)
- 10.4.1.1.1. Smart Fleet Management Market: By Connectivity, 2021-2031, USD (Million)
- 10.4.1.2. Mexico
- 10.4.1.2.1. Smart Fleet Management Market: By Transportation, 2021-2031, USD (Million)
- 10.4.1.2.1. Smart Fleet Management Market: By Connectivity, 2021-2031, USD (Million)
- 10.4.1.3. Rest of Latin America
- 10.4.1.3.1. Smart Fleet Management Market: By Transportation, 2021-2031, USD (Million)
- 10.4.1.3.1. Smart Fleet Management Market: By Connectivity, 2021-2031, USD (Million)
11. Middle East and Africa Smart Fleet Management Market, 2021-2031, USD (Million)
- 11.1. Market Overview
- 11.2. Smart Fleet Management Market: By Transportation, 2021-2031, USD (Million)
- 11.3. Smart Fleet Management Market: By Connectivity, 2021-2031, USD (Million)
- 11.4.Smart Fleet Management Market: By Region, 2021-2031, USD (Million)
- 11.4.1.Middle East and Africa
- 11.4.1.1. GCC
- 11.4.1.1.1. Smart Fleet Management Market: By Transportation, 2021-2031, USD (Million)
- 11.4.1.1.1. Smart Fleet Management Market: By Connectivity, 2021-2031, USD (Million)
- 11.4.1.2. Africa
- 11.4.1.2.1. Smart Fleet Management Market: By Transportation, 2021-2031, USD (Million)
- 11.4.1.2.1. Smart Fleet Management Market: By Connectivity, 2021-2031, USD (Million)
- 11.4.1.3. Rest of Middle East and Africa
- 11.4.1.3.1. Smart Fleet Management Market: By Transportation, 2021-2031, USD (Million)
- 11.4.1.3.1. Smart Fleet Management Market: By Connectivity, 2021-2031, USD (Million)
12. Company Profile
- 12.1. BMW
- 12.1.1. Company Overview
- 12.1.2. Financial Performance
- 12.1.3. Product Portfolio
- 12.1.4. Strategic Initiatives
- 12.2. CalAmp
- 12.2.1. Company Overview
- 12.2.2. Financial Performance
- 12.2.3. Product Portfolio
- 12.2.4. Strategic Initiatives
- 12.3. CHAINWAYTSP CO., Ltd.
- 12.3.1. Company Overview
- 12.3.2. Financial Performance
- 12.3.3. Product Portfolio
- 12.3.4. Strategic Initiatives
- 12.4. Cisco
- 12.4.1. Company Overview
- 12.4.2. Financial Performance
- 12.4.3. Product Portfolio
- 12.4.4. Strategic Initiatives
- 12.5. Continental AG
- 12.5.1. Company Overview
- 12.5.2. Financial Performance
- 12.5.3. Product Portfolio
- 12.5.4. Strategic Initiatives
- 12.6. DENSO CORPORATION
- 12.6.1. Company Overview
- 12.6.2. Financial Performance
- 12.6.3. Product Portfolio
- 12.6.4. Strategic Initiatives
- 12.7. Globecomm Systems Inc.
- 12.7.1. Company Overview
- 12.7.2. Financial Performance
- 12.7.3. Product Portfolio
- 12.7.4. Strategic Initiatives
- 12.8. HARMAN International
- 12.8.1. Company Overview
- 12.8.2. Financial Performance
- 12.8.3. Product Portfolio
- 12.8.4. Strategic Initiatives
- 12.9. IBM Corporation
- 12.9.1. Company Overview
- 12.9.2. Financial Performance
- 12.9.3. Product Portfolio
- 12.9.4. Strategic Initiatives
- 12.10. JUTHA MARITIME
- 12.10.1. Company Overview
- 12.10.2. Financial Performance
- 12.10.3. Product Portfolio
- 12.10.4. Strategic Initiatives
- 12.11. ORBCOMM
- 12.11.1. Company Overview
- 12.11.2. Financial Performance
- 12.11.3. Product Portfolio
- 12.11.4. Strategic Initiatives
- 12.12. Otto Marine Limited.
- 12.12.1. Company Overview
- 12.12.2. Financial Performance
- 12.12.3. Product Portfolio
- 12.12.4. Strategic Initiatives
- 12.13. Precious Shipping Public Company Limited
- 12.13.1. Company Overview
- 12.13.2. Financial Performance
- 12.13.3. Product Portfolio
- 12.13.4. Strategic Initiatives
- 12.14. Robert Bosch GmbH
- 12.14.1. Company Overview
- 12.14.2. Financial Performance
- 12.14.3. Product Portfolio
- 12.14.4. Strategic Initiatives
- 12.15. Siemens AG
- 12.15.1. Company Overview
- 12.15.2. Financial Performance
- 12.15.3. Product Portfolio
- 12.15.4. Strategic Initiatives
- 12.16. Sierra Wireless
- 12.16.1. Company Overview
- 12.16.2. Financial Performance
- 12.16.3. Product Portfolio
- 12.16.4. Strategic Initiatives
- 12.17. TomTom International BV.
- 12.17.1. Company Overview
- 12.17.2. Financial Performance
- 12.17.3. Product Portfolio
- 12.17.4. Strategic Initiatives
- 12.18. Zonar Systems
- 12.18.1. Company Overview
- 12.18.2. Financial Performance
- 12.18.3. Product Portfolio
- 12.18.4. Strategic Initiatives
- 12.19. Others
- 12.19.1. Company Overview
- 12.19.2. Financial Performance
- 12.19.3. Product Portfolio
- 12.19.4. Strategic Initiatives