Smart Fleet Management Market 2018
Smart Fleet Management Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2023. Smart Fleet Management Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023
Global Smart Fleet Management Market Information Report by Transportation (Automotive, Rolling Stock, Marine), by Hardware (Tracking, Optimization, ADAS, and Diagnostic), by Solution (Tracking and Optimization), and by Regions – Global Forecast To 2023
Smart fleet management, essentially, a system through which operators keep track of variable factors such as fuel consumption, maintenance and route management. Smart fleet management systems provide a dedicated server for fleet data and security in a single system, which enables operators to analyze and make informed and cost effective decisions or enhance safety. Such availability of integrated data through smart fleet management systems attract customers, toward these solutions, across the globe. With the entire automotive industry pushing for higher fuel efficiency in vehicles combined with high speed networks, the market for smart fleet management is expected to witness significant growth during the forecast period. Rising demand for connectivity and government regulations are expected to augment the smart fleet management market. Reduction of both, transportation cost and operating cost has come forth as a major trend in the automotive industry, which encourages the players in the smart fleet management market.
High costs associated with the smart fleet management systems is expected act as a major hindrance for the market. Additionally, continuous increase in fleet sizes and travel routes, successively, result in higher complexity of the system, which is expected to act as another major restraint for the smart fleet management market.
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The key players of global smart fleet management market are Harman International Industries, Inc., Robert Bosch GmbH., Siemens AG, Denso Corporation, IBM Corporation, Continental AG, Cisco Systems, Inc., Sierra Wireless, Inc., Calamp Corp., OTTO Marine Ltd., Precious Shipping Co. Ltd., and Globecomm Systems, Inc. In 2016, these companies accounted for a share of XX% of the global market.
Industry/ Innovation/ Related News:
March, 2018 – Siemens recently announced about US R&D investment which is likely to be increased by $175 million year after year to $1.3 Billion in 2017 – a straight 16% increase from the previous baseline. In Chicago, Siemens is planning to invest close to $13 million on a yearly basis in a brand new R&D unit which will be focussing purely on cloud computing to support the management and automation of the other related business activities. Globally, Siemens said it plans to increase its R&D expense in 2018 and will invest additionally $600 million increasing R&D budget from $6 billion in 2017 to $7 billion in 2018
March, 2018 – The local unit of German engineering giant Bosch will start building a new transport R&D center in Budapest in the summer, business daily Világgazdaság reported on Thursday. The center will include a 10,000 square-meter test track suitable for testing self-driving vehicles. Robert Bosch Kft. will build the Campus II center over three years on a 60,000 sqm plot close to its existing Budapest Development Center in District 10 of the capital, essentially doubling the area of the facility including the necessary infrastructure developments and employing 5000 engineers.
Smart Fleet Management Market – Segmentation
The Global Smart Fleet Management Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Transportation : Comprises Automotive, Rolling Stock, Marine.
Segmentation by Hardware : Comprises Tracking, Optimization, ADAS, andDiagnostic.
Segmentation by Solution : Comprises of Tracking & Optimization.
Segmentation by Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
The Asia Pacific region is expected to provide lucrative opportunities to layers in the smart fleet management market. Stringent government regulations, combined with improving transportation facilities and infrastructure are expected to aid the growth of the smart fleet management market in this region. Government authorities in countries such as India and China encourage original equipment manufacturers to implement such systems in vehicles, mainly to enhance driver safety. The market for smart fleet management is expected to thrive in this region. Additionally, improving socio-economic conditions in countries such as India, Thailand, and Indonesia have resulted in the growth of demand for premium segment fleets, which positively impacts the market growth during the forecast period.
Other regions such as North America and Europe are also poised for rapid growth. Existence of sophisticated technology and major manufacturers, provides solid groundwork for the smart fleet management firms in this region. Established automotive industry also aids the growth of the market in these regions. Rising number of commercial fleets in Europe and United States, widen the customer base to accommodate major smart fleet management system manufacturers. Significant technological development and research and development activities in the North America and Europe are expected to provide high opportunities for the smart fleet management market to rapidly growth during the forecast period.
The report for Global Smart Fleet Management Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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Table of Content
2 Research Hardwareology
3 Market Dynamics
4 Market Factor Analysis
5 Smart Fleet Management, By Solution
6 Smart Fleet Management, By Transportation
7 Smart Fleet Management, By Hardware
8 Smart Fleet Management, By Region
9 Company Landscape
10 Company Profile
List Of Tables
TABLE 1 EUROPE SMART FLEET MANAGEMENT, BY REGION 2011-2027, ($ MILLION)
TABLE 2 EUROPE SMART FLEET MANAGEMENT FOR AUTOMOTIVE, BY REGION 2011-2027, (MILLION)
TABLE 3 EUROPE SMART FLEET MANAGEMENT FOR ROLLING STOCK, BY REGION 2011-2027, (MILLION)
TABLE 4 EUROPE SMART FLEET MANAGEMENT FOR MARINE, BY REGION 2011-2027, (MILLION)
TABLE 5 EUROPE SMART FLEET MANAGEMENT FOR TRACKING, BY REGION 2011-2027, (MILLION)
List Of Figures
FIGURE 1 Supply Chain: AODD Pumps 16
FIGURE 2 Porters Five Forces 17
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