Smart Fleet Management Market Size, Share, Sales, Analysis, Forecast By Mode of Transportation (Roadways, Marine, Railways, and Airways), By Application (Tracking, Remote Diagnostics, Advanced Driver Assistance System (ADAS), Optimization, and Others), By Connectivity (Short Range Communication, Long Range Communication, and Cloud), By Geography, Industry Competition & Player Profiles, 2023-2032

Report code : IS482, Status : Published, Published on: Aug, 2023, Pages : 215 Pages, Format : PDF/PPT/Excel

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Description

The global Smart Fleet Management market was estimated to be US$ 293 billion in 2019, it is expected to expand at a CAGR of 6.7% between 2021 and 2030. Fleet management has been adopted for a better part of the past century in the forms of manual logs, and electronic devices.

The size of commercial fleets has increased significantly during past couple of decades, creasing a demand for more sophisticated and advanced fleet management solutions. Smart fleet management is a combination of enhanced data collection, monitoring and analytics solutions to derive actionable insights regarding the fleet of commercial vehicles. Commercial vehicles have widely been used for freight movement globally across wide range of industries.

Advancement in transportation and logistics and expansion of fleet size has challenged the fleet managers to optimally operate fleets. This has contributed towards the evolution of fleet management solutions and is driving the growth of the global smart fleet management market. With rapid urbanization and advancement in technology, the fleet monitoring is evolving to improve the performance of fleet movement and increased profit margins.

Smart fleet management solutions facilitate real time tracking and monitoring of fleets with the help of advanced electronic and IT tools. It offers real time location tagging, vehicle performance monitoring, driver or pilot behavior, vehicle maintenance history, vehicle document management, storage of trip data, and so on.

The data associated with vehicle and trip is used to derive inferences that helps in improving the efficiency of fleet operations. With increased emphasis on emission reduction, and energy conservation, the smart fleet management solutions are expected to witness prominent growth during the forecast period. However, disruption in logistics and decline in new commercial vehicle deliveries across the globe due to COVID-19 pandemic is anticipated to impede the growth of the global smart fleet management solutions market during coming years.

North America contributed a dominating share to the global smart fleet management market in 2019 owing to increased investment in development of advanced and scalable smart fleet management solutions. Increased demand for on-road fleets and adoption of smart fleet management solution is anticipated to drive North America market growth during the forecast period.

Asia Pacific smart fleet management market is expected to offer lucrative opportunities to the solution developers during the forecast period owing to expanding transportation and logistics industry across major countries such as China, Japan, and India.

Rising adoption of advanced telematics solutions, increased investment in emission reduction technology development and changing dynamics of manufacturing supply chain across the region is anticipated to contribute towards the growth of the Asia Pacific smart fleet management market during the forecast period.

Smart Fleet Management Market Share Analysis, by Geography (2022)

The report titled “Smart Fleet Management Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is hithe storic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global smart fleet management market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.

The global smart fleet management market is segmented based on mode of transportation, applications, connectivity, and geography. Based on mode of transportation, the global smart fleet management market is segmented into roadways, marine, railways, and airways. Based on applications, the global smart fleet management market is segmented into tracking, remote diagnostics, advanced driver assistance system (ADAS), optimization, and others. Based on connectivity, the global smart fleet management market is segmented into short range communication, long range communication, and cloud. Based on geography, the global smart fleet management market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on smart fleet management. Further, market share of prominent companies in the global smart fleet management market would also be estimated. The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the smart fleet management companies.

The global smart fleet management market study would take into consideration the participants engaged throughout the ecosystem of the market, along with their contribution. Product portfolio would focus on all the products under the smart fleet management business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global smart fleet management market.

Major players active in the global smart fleet management market include Cisco Systems, Inc., Continental AG, Denso Corporation, Globecomm (Speedcast International Limited.), IBM, Infineon Technologies AG, Precious Shipping Public Company Limited, Robert Bosch GmbH, Siemens AG, Sierra Wireless, Tech Mahindra, and Zonar Systems, Inc.

Segmentation:

By Mode of Transportation:

Roadways
Marine
Railways
Airways

By Application:

Tracking
Remote Diagnostics
Advanced Driver Assistance System (ADAS)
Optimization
Others

By Connectivity:

Short Range Communication
Long Range Communication
Cloud

By Geography:

North America
- United States
- Canada
- Rest of North America
Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
Asia Pacific
- Japan
- India
- China
- Australia
- South Korea
- Rest of Asia Pacific
Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
South America
- Brazil
- Rest of South America

Table Of Content

Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
Market Synopsis: Global Smart Fleet Management Market
Global Smart Fleet Management Market Qualitative Analysis
- Trends
  - Market trends
  - Technology Trends
- PESTLE Analysis (For 5 prominent countries)
- Market Influencers
  - Driving Forces
  - Hindering Forces
  - Opportunities
- COVID-19 impact
Global Smart Fleet Management Market Analysis and Forecast, by Mode of Transportation
- Overview and definitions
- Key segment analysis
- Global Smart Fleet Management Market Estimates (US$ Mn), by Mode of Transportation, 2019 – 2032
  - Roadways
  - Marine
  - Railways
  - Airways

Global Smart Fleet Management Market Analysis and Forecast, by Connectivity
- Overview and definitions
- Key segment analysis
- Global Smart Fleet Management Market Estimates (US$ Mn), by Connectivity, 2019 – 2032
  - Short Range Communication
  - Long Range Communication

Global Smart Fleet Management Market Analysis and Forecast, by Application
- Overview and definitions
- Key segment analysis
- Global Smart Fleet Management Market Estimates (US$ Mn), by Application, 2019 – 2032
  - Tracking
  - Remote Diagnostics
  - Advanced Driver Assistance System (ADAS)
  - Optimization
  - Others

Global Smart Fleet Management Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Smart Fleet Management Market Estimates (US$ Mn), by Region, 2019 – 2032
  - North America
  - Europe
  - Asia Pacific
  - Middle East & Africa
  - South America

North America Smart Fleet Management Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Smart Fleet Management Market Estimates (US$ Mn), by Mode of Transportation, 2019 – 2032
  - Roadways
  - Marine
  - Railways
  - Airways
- North America Smart Fleet Management Market Estimates (US$ Mn), by Connectivity, 2019 – 2032
  - Short Range Communication
  - Long Range Communication
- North America Smart Fleet Management Market Estimates (US$ Mn), by Application, 2019 – 2032
  - Tracking
  - Remote Diagnostics
  - Advanced Driver Assistance System (ADAS)
  - Optimization
  - Others
- North America Smart Fleet Management Market Estimates (US$ Mn), Country, 2019 – 2032
  - The U.S.
  - Canada
  - Rest of North America

Europe Smart Fleet Management Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Smart Fleet Management Market Estimates (US$ Mn), by Mode of Transportation, 2019 – 2032
  - Roadways
  - Marine
  - Railways
  - Airways
- Europe Smart Fleet Management Market Estimates (US$ Mn), by Connectivity, 2019 – 2032
  - Short Range Communication
  - Long Range Communication
- Europe Smart Fleet Management Market Estimates (US$ Mn), by Application, 2019 – 2032
  - Tracking
  - Remote Diagnostics
  - Advanced Driver Assistance System (ADAS)
  - Optimization
  - Others
- Europe Smart Fleet Management Market Estimates (US$ Mn), Country, 2019 – 2032
  - Germany
  - United Kingdom
  - Italy
  - France
  - Spain
  - Rest of Europe

Asia Pacific Smart Fleet Management Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Smart Fleet Management Market Estimates (US$ Mn), by Mode of Transportation, 2019 – 2032
  - Roadways
  - Marine
  - Railways
  - Airways
- Asia Pacific Smart Fleet Management Market Estimates (US$ Mn), by Connectivity, 2019 – 2032
  - Short Range Communication
  - Long Range Communication
- Asia Pacific Smart Fleet Management Market Estimates (US$ Mn), by Application, 2019 – 2032
  - Tracking
  - Remote Diagnostics
  - Advanced Driver Assistance System (ADAS)
  - Optimization
  - Others
- Asia Pacific Smart Fleet Management Market Estimates (US$ Mn), Country, 2019 – 2032
  - Japan
  - India
  - China
  - Australia
  - Rest of Asia Pacific

Middle East & Africa Smart Fleet Management Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Smart Fleet Management Market Estimates (US$ Mn), by Mode of Transportation, 2019 – 2032
  - Roadways
  - Marine
  - Railways
  - Airways
- Middle East & Africa Smart Fleet Management Market Estimates (US$ Mn), by Connectivity, 2019 – 2032
  - Short Range Communication
  - Long Range Communication
- Middle East & Africa Smart Fleet Management Market Estimates (US$ Mn), by Application, 2019 – 2032
  - Tracking
  - Remote Diagnostics
  - Advanced Driver Assistance System (ADAS)
  - Optimization
  - Others
- Middle East & Africa Smart Fleet Management Market Estimates (US$ Mn), Country, 2019 – 2032
  - Saudi Arabia
  - UAE
  - Rest of Middle East

South America Smart Fleet Management Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Smart Fleet Management Market Estimates (US$ Mn), by Mode of Transportation, 2019 – 2032
  - Roadways
  - Marine
  - Railways
  - Airways
- South America Smart Fleet Management Market Estimates (US$ Mn), by Connectivity, 2019 – 2032
  - Short Range Communication
  - Long Range Communication
- South America Smart Fleet Management Market Estimates (US$ Mn), by Application, 2019 – 2032
  - Tracking
  - Remote Diagnostics
  - Advanced Driver Assistance System (ADAS)
  - Optimization
  - Others
- South America Smart Fleet Management Market Estimates (US$ Mn), Country, 2019 – 2032
  - Brazil
  - Rest of South America

Competition Analysis – Smart Fleet Management Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
  - Cisco Systems, Inc.
    - Business overview
    - Geographic presence
    - Product portfolio
    - Financial facts
    - Relevant news and strategic view
  - Continental AG
  - Denso Corporation
  - Globecomm (Speedcast International Limited.)
  - IBM Corporation
  - Infineon Technologies AG
  - Precious Shipping Public Company Limited
  - Robert Bosch GmbH
  - Siemens AG
  - Sierra Wireless
  - Zonar Systems, Inc.

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Frequently asked questions about this report

How big is the Smart Fleet Management Market?

The global Smart Fleet Management market was worth US$ 293 billion in 2020.

What is the estimated growth rate of Smart Fleet Management Market?

The global Smart Fleet Management market is expected to register a CAGR of 6.7% between 2022 and 2032.

Which are the prominent players active in the Smart Fleet Management Market?

Major players active in the global smart fleet management market include Cisco Systems, Inc., Continental AG are few prominent players active in the market.

What are some of the uses of Smart Fleet Management ?

Smart Fleet Management are largely used in the Tracking, Remote Diagnostics, Advanced Driver Assistance System (ADAS) and Optimization.