Global Smart Fleet Management Market Analysis 2019

Global Smart Fleet Management Market Analysis 2019

The Global Smart Fleet Management Market is accounted for $276.56 billion in 2017 and is expected to reach $636.28 billion by 2026 growing at a CAGR of 9.7% during the forecast period. Smart fleet solution is a fully integrated system used in automotive to simplify creation of effective maintenance plans. Smart fleet management services use software based on AI, IoT, and data analytics to enhance vehicle budget, driver management, fuel management, and vehicle telematics of aircraft & marine. Moreover, it benefits businesses that are significantly dependent on transportation of goods and services, with higher productivity and efficiency. The increasing needs to track and monitor fleets to increase operational efficiency, and reduce costs are some of the factors fuelling the market growth. However, the high cost of these systems and their complexity are restricting the market growth.

Based on Mode of Transport, Airways segment is projected to be the fastest-growing during the forecast period. An airway or air route is a defined corridor that connects one specified location to another at a specified altitude, along which an aircraft that meets the requirements of the airway may be flown. Airways are defined with segments within a specific altitude block, corridor width, and between fixed geographic coordinates for satellite navigation systems, or between ground-based radio transmitter navigational aids.

By Geography, Asia-Pacific region is estimated to be the largest market for smart fleet management during the review period. With increase in transport facilities in developing countries and stringent safety regulations, demand for market is to rise. It is expected with increase in adoption of connectivity technology, market for ADAS and telematics would rise in Asia-Pacific region.

The key vendors mentioned are Zonar Systems, Inc., Tech Mahindra Limited. Sierra Wireless, Inc., Siemens AG, Robert Bosch GmbH, Orbcomm, Inc., IBM Corporation, Denso Corporation, Continental AG, Cisco Systems Inc.

Mode of Transport Covered:
• Airways
• Marine
• Railways
• Roadways

Applications Covered:
• Tracking
• Advanced driver-assistance systems (ADAS)
• Optimization
• Remote Diagnostics
• Other Applications

Transportation Covered:
• Automotive
• Rolling Stock
• Marine

Connectivity Covered:
• Cloud
• Short Range Communication
• Long Range Communication

Solutions Covered:
• Tracking Solutions
• Optimization Solutions

Regions Covered:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Key Questions Answered in this Report:
• How this market evolved since the year 2016
• Market size estimations, forecasts and CAGR for all the segments presented in the scope
• Key Market Developments and financials of the key players
• Opportunity Analysis for the new entrants
• SWOT Analysis of the key players
• Fastest growing markets analyzed during the forecast period