Latest research study from Researchstore.biz with title “Global Smart Fleet Management Market by Transportation (Automotive, Rolling Stock, Marine), Hardware (Tracking, Optimization, ADAS, and Diagnostic), Connectivity (Short, Long, and Cloud), Solution (Tracking and Optimization), Region (North America, Europe, Asia Pacific, South America and Middle East and Africa)” and Global Forecast 2018-2025, gives a complete assessment of the Global Smart Fleet Management Market.
The global smart fleet management market is anticipated to jump USD 486.45 Billion by 2025 from 2017’s USD 253.84 Billion with a CAGR of 8.47% during the forecast period from 2018-2025. Several leading factors driving the smart fleet management market growth are:
- Government guidelines
- Necessity of high speed network
- Increasing adoption of smart fleet management in telematics and autonomous vehicles
The smart fleet management supports vehicle tracking, monitoring, fleet analytics, fuel management, predictive preservation, remote diagnostics, as well as driver performance tracking solutions. Through this features, efficient and enhanced productivity of the fleet can be achieved. The smart fleet management are used to enhance driver and road safety concerns. They are integrated with connected technologies with automotive. They features powerful fleet tracking, real-time inspection, a devoted remote server for fleet data, and security. With the acceptance and the developments of innovations, expenses can be measured and the driver’s conduct can also be screened.
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The global smart fleet management market analysis by segments covers segments by transportation, hardware, connectivity, solution, and regions.
ADAS segment expected to grow with the highest CAGR of 9.68% during the forecast period
Hardware segment enfolds tracking, optimization, ADAS, and diagnostic. ADAS segment is projected to reach the highest CAGR over the forecast period. The ADAS systems have higher demand and adoption in all passenger vehicles which makes it an important factor to drive the demand of ADAS segment.
In 2017, tracking segment registered about USD 140.48 Billion
Tracking and optimization are the solution segments in which tracking segment is expected to extend with the highest CAGR over the forecast period. Fleet can be easily managed using the tracking which can also be used to keep the real-time track of the fleets.
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Smart fleet management market analysis by region:
The regional segmentation analysis covers five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. Asia Pacific registered the highest market share of 29.64% in 2017. Moreover, key factors that led to the development of smart fleet management market include: The changing government approach towards fleet operators, driver, passenger, and goods safety imposed many regulations related to fleet management.
The major players of smart fleet management market include Continental AG, Denso Corporation, Robert Bosch GmbH, Infineon Technologies AG, General Motors, BMW, Hyundai Motors, Precious Shipping Company Private Limited, Otto Marine Limited, Workwave LLC, and Zonar Systems.
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