Smart Fleet Management Market Forecast 2027: Trends & Competition

The global smart fleet management market is anticipated to witness steady growth through 2027 owing to rising dependence on software solutions in fleet management and the growing popularity of cold chain transportation. Smart fleet management systems enable operators to keep a check on factors such as route management, fuel consumption, vehicle maintenance, and driver performance. These systems provide a dedicated server for fleet data and security in a single system, which is anticipated to increase the customer’s inclination toward these solutions.

The adoption of this technology allows operators to monitor driver behavior and measure maintenance costs. Furthermore, these systems ease the downloading of fleet data to analyze, measure, and make cost-effective decisions or enhance safety. Smart fleet management enhances the safety of vehicles and offers cloud storage facilities & data analytics, which would collectively contribute to the growth of this market, globally.

Based on application, the smart fleet management market is categorized into tracking, optimization, ADAS, and remote diagnostics. Among these applications, ADAS systems are expected to dominate the global smart fleet management market during the forecast period. ADAS systems have higher adaptability in all passenger cars in most of the advanced economies of Europe and North America. Furthermore, the countries in the Asia-Pacific region have either mandated or are focusing on mandating safety features for ADAS systems. These factors make ADAS systems one of the most prominent technologies in the smart fleet management market.

Geographically, the Asia-Pacific region is estimated to be the largest market for smart fleet management during the forecast period. With increasing transport facilities in countries such as Japan, China, and India and stringent safety regulations, demand for smart fleet management market is also rising. It is expected that with an increase in the adoption of connectivity technology, the market for ADAS and telematics would rise in the Asia-Pacific region. The region also has some of the most stringent vehicle safety regulations in the world, which would boost the market for advanced driver assistance technologies and telematics, thereby bolstering the growth of the smart fleet management market.

The major players operating in the smart fleet management market

1. Robert Bosch GmbH
2. Continental Ag
3. Denso Corporation
4. Harman International Industries Inc.
5. Siemens AG
6. IBM Corporation
7. Sierra Wireless Inc.
8. Cisco Systems Inc.
9. Calamp Corp.
10. Precious Shipping Public Company Ltd, and Others. Companies are aggressively investing in research and development to further develop advanced and better autonomous vehicles, ADAS, IoT devices, and sensors, among others. Companies are also embarking upon mergers and acquisitions to expand their footprint in the market and enhance their product portfolio.

The Objective of the Study:

• To analyze and estimate the market size of the global smart fleet management market from 2017 to 2020.
• To estimate and forecast the market size of the global smart fleet management market from 2021 to 2027 and the growth rate until 2027.
• To classify and forecast the global smart fleet management market based on transportation, connectivity, hardware, solutions, company, and regional distribution.
• To identify the dominant region or segment in the global smart fleet management market.
• To identify drivers and challenges for the global smart fleet management market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global smart fleet management market.
• To conduct pricing analysis for the global smart fleet management market.
• To identify and analyze the profile of leading players operating in the global smart fleet management market.
• To identify key sustainable strategies adopted by market players in the global smart fleet management market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of operators across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents also enquired about their competitors. Through this technique, TechSci Research could include operators which could not be identified due to the limitations of secondary research. TechSci Research analyzed the operators and presence of all major players across the globe.

TechSci Research calculated the market size of the global smart fleet management market using a bottom-up approach, wherein data for various end-user segments was recorded and forecasted for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated them by analyzing historical data of these types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also studied by TechSci Research.

Key Target Audience:

• Smart fleet management operators
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to Smart Fleet Management

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as operators, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, the global smart fleet management market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Global Smart Fleet Management Market, By Transportation:
  • Automotive
  • Rolling Stock
  • Marine
• Global Smart Fleet Management Market, By Connectivity:
  • Short Range Communication
  • Long Range Communication
  • Cloud
• Global Smart Fleet Management Market, By Hardware:
  • Tracking
  • Optimization
  • ADAS
  • Remote Diagnostics
• Global Smart Fleet Management Market, By Solutions:
  • Vehicle Tracking
  • Fleet Optimization
• Global Smart Fleet Management Market, By Region:
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
  • South America
    • Brazil
    • Argentina
    • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global smart fleet management market.

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Product Overview

2. Research Methodology
3. Impact of COVID-19 on the Global Smart Fleet Management Market
4. Executive Summary
5. Voice of Customer
6. Global Smart Fleet Management Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Transportation (Automotive; Rolling Stock; Marine)

6.2.2.     By Connectivity (Short Range Communication; Long Range Communication; Cloud)

6.2.3.     By Hardware (Tracking; Optimization; ADAS; Remote Diagnostics)

6.2.4.     By Solutions (Vehicle Tracking; Fleet Optimization)

6.2.5.     By Company (2021)

6.2.6.     By Region

6.3.  Market Attractiveness Index

7. Asia-Pacific Smart Fleet Management Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Transportation

7.2.2.     By Connectivity

7.2.3.     By Hardware

7.2.4.     By Solutions

7.2.5.     By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.     China Smart Fleet Management Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Transportation

7.3.1.2.2.             By Connectivity

7.3.1.2.3.             By Hardware

7.3.1.2.4.             By Solutions

7.3.2.     India Smart Fleet Management Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Transportation

7.3.2.2.2.             By Connectivity

7.3.2.2.3.             By Hardware

7.3.2.2.4.             By Solutions

7.3.3.     Australia Smart Fleet Management Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Transportation

7.3.3.2.2.             By Connectivity

7.3.3.2.3.             By Hardware

7.3.3.2.4.             By Solutions

7.3.4.     Japan Smart Fleet Management Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Transportation

7.3.4.2.2.             By Connectivity

7.3.4.2.3.             By Hardware

7.3.4.2.4.             By Solutions

7.3.5.     South Korea Smart Fleet Management Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Value

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Transportation

7.3.5.2.2.             By Connectivity

7.3.5.2.3.             By Hardware

7.3.5.2.4.             By Solutions

8. Europe Smart Fleet Management Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Transportation

8.2.2.     By Connectivity

8.2.3.     By Hardware

8.2.4.     By Solutions

8.2.5.     By Country

8.3.  Europe: Country Analysis

8.3.1.     France Smart Fleet Management Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Transportation

8.3.1.2.2.             By Connectivity

8.3.1.2.3.             By Hardware

8.3.1.2.4.             By Solutions

8.3.2.     Germany Smart Fleet Management Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Transportation

8.3.2.2.2.             By Connectivity

8.3.2.2.3.             By Hardware

8.3.2.2.4.             By Solutions

8.3.3.     United Kingdom Smart Fleet Management Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Transportation

8.3.3.2.2.             By Connectivity

8.3.3.2.3.             By Hardware

8.3.3.2.4.             By End Use

8.3.4.     Italy Smart Fleet Management Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Transportation

8.3.4.2.2.             By Connectivity

8.3.4.2.3.             By Hardware

8.3.4.2.4.             By Solutions

8.3.5.     Spain Smart Fleet Management Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Transportation

8.3.5.2.2.             By Connectivity

8.3.5.2.3.             By Hardware

8.3.5.2.4.             By Solutions