Fleet Telematics Market size is expected to reach US$ 61.97 Bn. by 2029, at a CAGR of 13.35% during the forecast period. The report covers the detailed analysis of the global fleet telematics industry with the classifications of the market on the basis of component, vehicle type, system, and region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key players contribution in it.To Know About The Research Methodology :- Request Free Sample Report A Fleet Telematics System (FTS) allows the information exchange between a commercial vehicle fleet and their central authority. Fleet telematics gathers a range of data using Global Positioning System (GPS) technology, sensors, and vehicle engine data to provide fleet operators with the information they need to manage their fleet. The report has profiled major key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimating the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in North America region. Major country’s policies about manufacturing and its impact on market demand are covered in the report.
Market Overview of Global Fleet Telematics
To gain an advantage in the transportation industry, today’s transportation, and logistics companies increasingly rely on modern technologies and in-vehicle tools to optimize their vehicle fleet operations. These technologies are sometimes combined with specialized intervention that provides drivers feedback, training, and/or incentive programs that can improve vehicle’s fleet management and reinforce safe and fuel-efficient driving behavior. The approach for improvement combines in-vehicle technology with integrated Web-based applications that continuously monitor and rate driving behavior and provide real-time feedback to drivers. The global fleet telematics market is expected to grow at a CAGR of xx% during the forecast period due to safety and fuel-efficient driving. Increased focus on driver safety, reduced cost of connectivity, higher rate of smartphone penetration, and stringent automotive safety regulations are key reasons fuelling the market growth of telematics. Fleet telematics is poised for exponential growth as new applications are developed to take advantage of modern GPS units and the widespread use of mobile devices. More fleets are recognizing the need to monitor fleet activity to control costs, boost productivity, improve accountability, and maintain full compliance with government regulations. However, high installation cost, the threat of data hacking, and lack of uninterrupted & seamless connectivity can restrain the growth of the fleet telematics market.Segment Analysis of Global Fleet Telematics Market
Wireless system segment is expected to hold the largest market share of xx% of the global fleet telematics market by 2029. Wireless fleet telematics are widely used as it offers wide area coverage, quick access & response, and cost reduction facilities and helps vendors to increase efficiency and productivity.
The active component segment held the largest market share of xx% in 2022 and is expected to grow at CAGR of xx% during the forecast period. Active tracking systems make use of cellular networks or satellite systems to send the data to your computer. In this vendors don’t have to wait until the vehicle is within premises and manually remove the tracking device to access the data. Instead, all the data is sent over wireless networks. An active tracking system is also ideal for those businesses that want to set up a geofence. Active fleet telematics is widely used by public transport businesses as it provides real-time location data and vehicle information.
Global Fleet Telematics Market Regional Insights
North America is expected to witness the highest growth at a CAGR of xx% during the forecast period. In 2022 US alone held more than 60% share of the North America fleet telematics market due to increased demand. In the Asia Pacific region market is expected to grow at a rapid pace due to increasing FDI in automotive industries in the countries like India and South Korea. The objective of the report is to present a comprehensive analysis of the Global Fleet Telematics Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SWOT, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Fleet Telematics Market dynamics, structure by analyzing the market segments and project Global Fleet Telematics Market clear representation of competitive analysis of key players by price, financial position, by detection and equipment portfolio, growth strategies, and regional presence in the Global Fleet Telematics Market make the report investor’s guide.Scope of the Global Fleet Telematics Market: Inquire before buying
Global Fleet Telematics Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 25.77 Bn. Forecast Period 2023to 2029 CAGR: 13.35% Market Size in 2029: US $ 61.97 Bn. Segments Covered: by Component Active Passive by System Handheld Wireless Real time by Vehicle Type On-highway Off-highway Global Fleet Telematics Market, by Region:
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Key Players in Global Fleet Telematics Market:
1. Actsoft 2. Ctrack an Inseego company 3. Daimler Fleetboard GmbH 4. Deere & Company 5. Fleetmatics Group PLC 6. HARMAN International 7. KORE Wireless 8. Masternaut Limited 9. MiX Telematics 10. Sprint Corporation 11. TomTom International BV 12. Trimble Inc. 13. Verizon Frequently Asked Questions: 1. Which region has the largest share in Fleet Telematics Market? Ans: North America region holds the highest share in 2022. 2. What is the growth rate of Fleet Telematics Market? Ans: The Fleet Telematics Market is growing at a CAGR of 13.35 % during forecasting period 2023-2029. 3. What is scope of the Global Fleet Telematics market report? Ans: Global Fleet Telematics market report helps with the PESTEL, PORTER, COVID-19 impact analysis, recommendations for investors and leaders, and market estimation of the forecast period. 4. Who are the key players in Fleet Telematics market? Ans: The important key players in the Fleet Telematics Market are Actsoft, Ctrack an Inseego company, Daimler Fleetboard GmbH, Deere & Company, Fleetmatics Group PLC, HARMAN International 5. What is the study period of this market? Ans: The Fleet Telematics Market is studied from 2022 to 2029.
Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Fleet Telematics Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Fleet Telematics Market 3.4. Geographical Snapshot of the Fleet Telematics Market, By Manufacturer share 4. Global Fleet Telematics Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Fleet Telematics Market 5. Supply Side and Demand Side Indicators 6. Global Fleet Telematics Market Analysis and Forecast, 2022-2029 6.1. Global Fleet Telematics Market Size & Y-o-Y Growth Analysis. 7. Global Fleet Telematics Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 7.1.1. Active 7.1.2. Passive 7.2. Market Size (Value) Estimates & Forecast By System, 2022-2029 7.2.1. Handheld 7.2.2. Wireless 7.2.3. Real time 7.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 7.3.1. On-highway 7.3.2. Off-highway 8. Global Fleet Telematics Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Fleet Telematics Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 9.1.1. Active 9.1.2. Passive 9.2. Market Size (Value) Estimates & Forecast By System, 2022-2029 9.2.1. Handheld 9.2.2. Wireless 9.2.3. Real time 9.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 9.3.1. On-highway 9.3.2. Off-highway 10. North America Fleet Telematics Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Fleet Telematics Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By System, 2022-2029 11.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 12. Canada Fleet Telematics Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By System, 2022-2029 12.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 13. Mexico Fleet Telematics Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By System, 2022-2029 13.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 14. Europe Fleet Telematics Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By System, 2022-2029 14.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 15. Europe Fleet Telematics Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Fleet Telematics Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By System, 2022-2029 16.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 17. France Fleet Telematics Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By System, 2022-2029 17.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 18. Germany Fleet Telematics Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By System, 2022-2029 18.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 19. Italy Fleet Telematics Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By System, 2022-2029 19.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 20. Spain Fleet Telematics Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By System, 2022-2029 20.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 21. Sweden Fleet Telematics Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By System, 2022-2029 21.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 22. CIS Countries Fleet Telematics Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By System, 2022-2029 22.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 23. Rest of Europe Fleet Telematics Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By System, 2022-2029 23.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 24. Asia Pacific Fleet Telematics Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By System, 2022-2029 24.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 25. Asia Pacific Fleet Telematics Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Fleet Telematics Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By System, 2022-2029 26.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 27. India Fleet Telematics Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By System, 2022-2029 27.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 28. Japan Fleet Telematics Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By System, 2022-2029 28.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 29. South Korea Fleet Telematics Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By System, 2022-2029 29.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 30. Australia Fleet Telematics Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By System, 2022-2029 30.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 31. ASEAN Fleet Telematics Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By System, 2022-2029 31.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 32. Rest of Asia Pacific Fleet Telematics Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By System, 2022-2029 32.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 33. Middle East Africa Fleet Telematics Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By System, 2022-2029 33.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 34. Middle East Africa Fleet Telematics Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Fleet Telematics Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By System, 2022-2029 35.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 36. GCC Countries Fleet Telematics Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By System, 2022-2029 36.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 37. Egypt Fleet Telematics Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By System, 2022-2029 37.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 38. Nigeria Fleet Telematics Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By System, 2022-2029 38.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 39. Rest of ME&A Fleet Telematics Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By System, 2022-2029 39.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 40. South America Fleet Telematics Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By System, 2022-2029 40.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 41. South America Fleet Telematics Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Fleet Telematics Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By System, 2022-2029 42.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 43. Argentina Fleet Telematics Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By System, 2022-2029 43.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 44. Rest of South America Fleet Telematics Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By System, 2022-2029 44.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Fleet Telematics Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Applications 45.2.3.2. M&A Key Players, Forward Integration and Backward Integration 45.3. Company Profile – Actsoft 45.3.1. Company Overview 45.3.2. Financial Overview 45.3.3. Geographic Footprint 45.3.4. Product Portfolio 45.3.5. Business Strategy 45.3.6. Recent Developments 45.4. Ctrack an Inseego company 45.5. Daimler Fleetboard GmbH 45.6. Deere & Company 45.7. Fleetmatics Group PLC 45.8. HARMAN International 45.9. KORE Wireless 45.10. Masternaut Limited 45.11. MiX Telematics 45.12. Sprint Corporation 45.13. TomTom International BV 45.14. Trimble Inc. 45.15. Verizon 46. Primary Key Insights