Smart Fleet Management Market

Smart Fleet Management Market by Connectivity (Cloud, Long Range Communication, and Short Range Communication), Hardware (Optimization, Tracking, ADAS, and Remote Diagnostics), Transportations (Marine, Automotive, and Rolling Stock), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, Forecasts, 2021 – 2028

  • Report ID: ICT-SE-3558
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 187
  • Format:
  • Pub. Date: Upcoming
  • Share:

The global smart fleet management market size is predicted to expand at a considerable CAGR, during the forecast period, 2021–2028. The growth of the market is attributed to growing need for higher operational efficiencies.


Smart Fleet Management Market key atkeaways

Smart fleet management can be said as an integration of fleet management technologies utilised to maintain, manage, and attain the optimum economical operations of the fleet. It allows the digital technology application, for additional efficient maintenance, and fuel management together with driver safety, tracking, and smart surveillance.

The COVID-19 pandemic has forced several governments around the world to impose emergency lockdown and close down offices, schools, and colleges. As a result, most companies are operating remotely, and data security and sharing, have been the outmost concern for companies. As such, it has resulted in increasing adoption of enterprise key management solutions.

Market Drivers, Restraints and Opportunities

  • Global demand for reliable, and secure transportation network, is a major driving factor for market growth.
  • Increasing adoption of connected vehicle technologies, to reduce energy consumption, is another factor estimated to drive the market during forecast period.
  • Lack of adequate network infrastructure, act as a major restraint factor for market growth.
  • Increasing concerns of cyber-attacks, and data loss, can hamper the market growth.
  • Increasing demand for securing confidential information is expected to create lucrative opportunities for the market players.

Scope of the Report

The report on the global smart fleet management market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Smart Fleet Management Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2020

Forecast Period

2021–2028

Segmentation

Connectivity (Cloud, Long range communication, and Short range communication), Hardware (Optimization, Tracking, ADAS, and Remote Diagnostics), and Transportations (Marine, Automotive, and Rolling Stock)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Continental AG; Cisco Systems, Inc.; IBM Corporation; Robert Bosch GmbH; Sierra Wireless; Siemens AG; Zonar Systems, Inc.; and Tech Mahindra;

 

Market Segment Insights

The short range communication segment is projected to hold major market share

Based on connectivity, the market is divided into cloud, long range communication, and short range communication. The short range communication segment is projected to hold major market share. Short-range communication technology permits vehicle-to-vehicle and vehicle-to-infrastructure communication, which might be accustomed to sharing a myriad of knowledge relating traffic, position, routing, mapping, and navigation. ADAS use this information to reinforce transport safety by triggering safeguard measures and avoiding collisions.


Smart Fleet Management Market by connectivity

The ADAS segment is anticipated to grow at a rapid pace

On the basis of hardware, the market is fragmented into optimization, tracking, ADAS, and remote diagnostics. The advanced driver assistance systems (ADAS) segment is anticipated to grow at a rapid pace. While many governments are continuing to supply regulative mandates for transport safety, the adoption of autonomous vehicle technologies is growing. Fleet operators are backing fleet management solutions, which modify predictive maintenance, and further help in fleet improvement by tracking and managing diagnostic information remotely.

The automotive segment is projected to expand at a robust CAGR

In terms of transportations, the market is segmented into marine, automotive, and rolling stock. The automotive segment held the major market share in 2020 and is projected to expand at a robust CAGR during the forecast period. Connected vehicle technologies modify remote observation and management of varied operations such as remote diagnostics, and fuel management. These solutions adapt fleet operators to optimize their fleet operations and lower business risks.

North America is anticipated to dominate the market

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market. Technological proliferation increased penetration of digital services across all major verticals, and therefore, increased cargo transportation has resulted, in the rapid adoption of smart fleet systems in North America.


Smart Fleet Management Market by regions

Segments

Segments Covered in the Report
The global smart fleet management market has been segmented on the basis of

Connectivity

  • Cloud
  • Long range communication
  • Short range communication
Hardware
  • Optimization
  • Tracking
  • ADAS
  • Remote Diagnostics
Transportations
  • Marine, Automotive
  •  Rolling Stock
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Continental AG
  • Cisco Systems, Inc.
  • IBM Corporation
  • Robert Bosch GmbH
  • Sierra Wireless
  • Siemens AG
  • Zonar Systems, Inc.
  • Tech Mahindra

Competitive Landscape

Key players competing in the smart fleet management market include Continental AG; Cisco Systems, Inc.; IBM Corporation; Robert Bosch GmbH; Sierra Wireless; Siemens AG; Zonar Systems, Inc.; and Tech Mahindra. Most players are actively working on collaborations, strategic alliances and developing new solutions, for the vision positioning systems industry.

Smart Fleet Management Market by key players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Fleet Management Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Smart Fleet Management Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Smart Fleet Management Market - Supply Chain
  4.5. Global Smart Fleet Management Market Forecast
     4.5.1. Smart Fleet Management Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Smart Fleet Management Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Smart Fleet Management Market Absolute $ Opportunity
5. Global Smart Fleet Management Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Smart Fleet Management Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Smart Fleet Management Demand Share Forecast, 2019-2026
6. North America Smart Fleet Management Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Smart Fleet Management Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Smart Fleet Management Demand Share Forecast, 2019-2026
7. Latin America Smart Fleet Management Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Smart Fleet Management Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Smart Fleet Management Demand Share Forecast, 2019-2026
8. Europe Smart Fleet Management Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Smart Fleet Management Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Smart Fleet Management Demand Share Forecast, 2019-2026
9. Asia Pacific Smart Fleet Management Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Smart Fleet Management Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Smart Fleet Management Demand Share Forecast, 2019-2026
10. Middle East & Africa Smart Fleet Management Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Smart Fleet Management Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Smart Fleet Management Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Smart Fleet Management Market: Market Share Analysis
  11.2. Smart Fleet Management Distributors and Customers
  11.3. Smart Fleet Management Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Continental AG
     11.4.2. Cisco Systems, Inc.
     11.4.3. IBM Corporation
     11.4.4. Robert Bosch GmbH
     11.4.5. Sierra Wireless
     11.4.6. Siemens AG
     11.4.7. Zonar Systems, Inc.
     11.4.8. Tech Mahindra

Segments Covered in the Report
The global smart fleet management market has been segmented on the basis of

Connectivity

  • Cloud
  • Long range communication
  • Short range communication
Hardware
  • Optimization
  • Tracking
  • ADAS
  • Remote Diagnostics
Transportations
  • Marine, Automotive
  •  Rolling Stock
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Continental AG
  • Cisco Systems, Inc.
  • IBM Corporation
  • Robert Bosch GmbH
  • Sierra Wireless
  • Siemens AG
  • Zonar Systems, Inc.
  • Tech Mahindra

Key players competing in the smart fleet management market include Continental AG; Cisco Systems, Inc.; IBM Corporation; Robert Bosch GmbH; Sierra Wireless; Siemens AG; Zonar Systems, Inc.; and Tech Mahindra. Most players are actively working on collaborations, strategic alliances and developing new solutions, for the vision positioning systems industry.

Smart Fleet Management Market by key players

Buy Report