Fleet Telematics Systems in the US - Industry Market Research Report
Fleet Telematics Systems
The Fleet Telematics Systems industry has rapidly expanded over the past five years. Operators in this industry manufacture devices and develop and service software used to track the location and other characteristics (e.g. mileage or speed) of vehicles in a fleet. Volatile fuel costs, in addition to new markets and products, have driven industry growth. Industry operators have expanded their emphasis on software development and servicing over the past five years, while increasingly outsourcing hardware manufacturing to low-wage economies. Models such as software-as-a-service (SaaS), which are constantly updated and expanded upon, enable consumers to access fleet data and analysis for a subscription fee. A boom in mobile device usage has further buoyed success for this software. Industry revenue is forecast to continue growing over the five years to 2023. An expanding trucking sector, increased use of mobile devices, emissions and worker safety regulations and new products and markets will drive demand. However, the recent plunge in oil prices is expected to soften demand for industry products.
This industry manufactures hardware and software for fleet telematics systems. Fleet telematics systems use electronics and GPS to track the location and other characteristics (e.g. mileage or speed) of vehicles in a fleet. This industry includes fleet telematics systems for mobile devices.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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