Press release
What's driving the Smart Fleet Management Market trends? Key Players are Cisco Systems, Inc., Robert Bosch GmbH, Denso Corporation, Sierra Wireless, Inc., Orbcomm, Inc., Siemens AG, Zonar Systems, Inc., IBM Corporation, Continental AG, OTTO Marine Limited
According to a new research the worldwide Smart Fleet market is anticipated to reach around USD 629.5 billion by 2026. In 2017, the automotive segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global Smart Fleet market.
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The increasing need to track and monitor fleets to increase operational efficiency, and reduce costs drives the Smart Fleet Market growth. Organizations are increasingly adopting smart fleet systems to increase efficiency, and manage high volume of fleets. The growing need for high speed networks further accelerates the adoption of smart fleet systems. Other factors driving the market growth include growing need to reduce operational costs, increase profitability, and avoid road congestions and accidents. New emerging markets, increasing need to monitor driver behavior, and growing safety concerns are factors expected to influence the market in the coming years.
North America is expected to lead the global Smart Fleet market during the forecast period. Significant investment by organizations to improve the fleet operations coupled with favorable regulations regarding transportation safety drive the growth of smart fleet in this region. Technological advancement and introduction of advanced smart fleet systems by the market players has increased the acceptance of smart fleet systems in the region. Asia-Pacific Smart Fleet Market is expected to grow at the highest CAGR during the forecast period. This is due to economic growth in countries such as China and India, and increasing investments in increasing fleet efficiency. Expansion of global players into these countries to tap market potential boosts the market growth.
The various mode of transportation covered in the report include automotive, rolling stock, and marine. Use of smart fleet solutions in automotive sector offers remote monitoring, fuel management, remote diagnostics, and route optimization among other functionalities. Increasing safety concerns, and government regulations regarding vehicular emissions support the growth of this segment.
The well-known companies profiled in the report include Cisco Systems, Inc., Robert Bosch GmbH, Denso Corporation, Sierra Wireless, Inc., Orbcomm, Inc., Siemens AG, Zonar Systems, Inc., IBM Corporation, Continental AG, OTTO Marine Limited, Harman International Industries, Inc., Globecomm Systems, Inc., and Globecomm Systems, Inc. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
Table of Contents
1. Overview and Scope
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.3.1. Primary data sources
1.3.2. Secondary data sources
1.4. Key take-away
1.5. Stakeholders
2. Executive Summary
2.1. Market Definition
2.2. Market Segmentation
3. Smart Fleet Management Market Insights
3.1. Smart Fleet Management Industry snapshot
3.2. Smart Fleet Management - Ecosystem analysis
3.3. Smart Fleet Management Market Dynamics
3.3.1. Smart Fleet Management Market Forces
3.3.1.1. Smart Fleet Management Market Driver Analysis
3.3.1.2. Smart Fleet Management Market Restraint/Challenges analysis
3.3.1.3. Smart Fleet Management Market Opportunity Analysis
3.3.2. Industry analysis - Porter's five force
3.3.2.1. Bargaining power of supplier
3.3.2.2. Bargaining power of buyer
3.3.2.3. Threat of substitute
3.3.2.4. Threat of new entrant
3.3.2.5. Degree of competition
3.3.3. Smart Fleet Management Market PEST Analysis, 2016
3.3.4. Smart Fleet Management Market Value Chain Analysis
3.3.5. Smart Fleet Management Industry Trends
3.3.6. Competitive Ranking Analysis
4. Smart Fleet Management Market Size and Forecast, 2017-2026 by Mode of Transport
4.1. Key Findings
4.2. Automotive
4.3. Rolling Stock
4.4. Marine
5. Smart Fleet Management Market Size and Forecast, 2017-2026 by Application
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Related Report:
Advanced Driver Assistance Systems (ADAS) Market [By System (Adaptive Cruise Control, Blind Spot Detection, Night Vision System, Intelligent Park Assist, Driver Monitoring System, Adaptive Front Light, Blind Spot Detection, Tire Pressure Monitoring System, Autonomous Emergency Braking System, Others) Market size & Forecast, 2018 - 2026
The global Advanced Driver Assistance Systems (ADAS) market was valued at $19.8 billion in 2017 and is anticipated to grow at a CAGR of 21.4% during the forecast period.
Advanced Driver Assistance Systems offer improved passenger experience, comfort, and safety to vehicles and drivers. Integration of advanced driver assistance systems into vehicles enable enhanced situational awareness and control for easier and safer driving experience. Some components enabling efficient functioning of Advanced Driver Assistance Systems include LiDAR, sensors, radar systems, artificial intelligence software, and GPS among others.
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