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
The Objective of the Study:
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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:
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.
| Attribute | Details |
| Base Year | 2021 |
| Historical Years | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027 |
| Report Coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered |
|
| Regional Scope | North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
| Country Scope | United States; Canada; Mexico; China; India; Japan; Malaysia; Thailand; Indonesia; Vietnam; South Korea; Germany; France; United Kingdom; Spain; Italy; Belgium; Russia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Egypt |
| Key Companies Profiled | Robert Bosch GmbH, Continental Ag, Denso Corporation, Harman International Industries Inc., Siemens AG, IBM Corporation, Sierra Wireless Inc., Cisco Systems Inc., Calamp Corp., Precious Shipping Public Company Ltd. |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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:
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the global smart fleet management market.
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Product Overview
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
7.1. 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
8.1. 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
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