Smart Fleet Management Market Insights | Key Players: Continental AG (Germany), Denso Corporation (Japan), Robert Bosch GmbH (Germany), and Otto Maritime Limited. (Sigapore)

According to the new market research report "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), and Region - Global Forecast to 2022", published by MarketsandMarkets™, The global smart fleet management market is projected to grow at a CAGR of 8.0% during the forecast period, to reach USD 462.48 billion by 2022.

View Full TOC @ https://www.marketsandmarkets.com/Market-Reports/smart-fleet-management-market-174736821.html

Asia-Pacific: The Fastest Growing Market For Smart Fleet Management Market

Asia-Pacific is estimated to be the most promising market for smart fleet management during the next five years, owing to the improved vehicle tracking and adaptability toward telematics application. Also, the upcoming safety regulations in the Asian countries would also positively influence the market for driver assistance systems such as adaptive cruise control system and lane departure warning system. The sale of luxury cars in Asia-Pacific by key manufacturers such as Audi, BMW, Mercedes, and Volvo increased in 2015. The adaptability for telematics application in railways and marine segments in the region has also increased significantly.

All these fleets are equipped with telematics devices and sensors for adaptive cruise control, lane departure warning systems, geo-fencing systems, real-time tracking, and other applications. The increased demand for railways and marine segments is thus anticipated to boost the market for smart fleet management in the Asia-Pacific region in the near future.

Get Free 10% customization @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=174736821

The report includes detailed profiles of the following companies:
• Continental AG
• Denso Corporation
• Robert Bosch GmbH
• Infineon Technologies AG
• Precious Shipping Company Public Limited
• Otto Maritime Limited

Short Range Communication: Growing Connectivity Technology In Fleet

Smart fleet management with short-range network uses short-range communication technologies such as Radar and Lidar, which are designed for a communication range up to 1000 feet. The short range allows rapid communication between smart fleet management networks and is used for various applications in modern transportation. Its applications include driver assistance technologies such as fleet tracking system, automatic train protection system, and in-depth monitoring systems. The market for these technologies is on the rise, and the trend is expected to continue in the coming years. The short range of technology is thus a high growth potential market in the overall smart fleet management market.

Request for Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=174736821

Long Range Communication: High Growth Potential Technology

The long-range communication is a type of radar system with the ability to detect targets at very long ranges beyond the radar horizons. The major reason for the development of such technologies is to avoid loss of fleet. Allowing better safety of vehicles, long-range communication technology is estimated to have the highest growth potential in the smart fleet management market across the globe. It is projected to grow at a promising CAGR of 15.4% from 2017 to 2022. This growth can be attributed to the adoption of telematics application to enhance safety and reduce transportation cost.

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com

This release was published on openPR.