HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: June 2017
Report Code: AT 5346

 

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The smart fleet management market is driven by the legislations pertaining to transport safety, advancement in technology, and increased demand for large ships and vessel containers across the globe. The global smart fleet management market is projected to grow at a CAGR of 8.0% from 2017 to 2022, to reach USD 462.48 Billion by 2022. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022. The report segments the smart fleet management market by mode of transportation, hardware, connectivity, solution, and region. The report defines and forecasts the market size of smart fleet management in key countries for automotive, rolling stock, and marine transport.  Additionally, the study analyzes market dynamics, recent industry developments, profiles of key smart fleet manufacturers, and competition mapping on a global level.

The research methodology used in the report involves various secondary sources including paid databases and directories such as MarkLines, Organisation Internationale des Constructeurs d'Automobiles (OICA), Society of Automotive Engineers (SAE), and Automotive Component Manufacturers Association (ACMA). Experts from related industries and suppliers have been interviewed to understand the key trends in the smart fleet management market. The bottom-up approach has been used to estimate the market size, in which country-wise fleet production and penetration rates of the stated technologies have been considered.

The vehicle production has been considered to arrive at the market size, in terms of volume. The region-wise market volume is then multiplied with the region-wise average OE price of each technology. This then gives the region-wise market size for that particular technology, in terms of value. The same approach has been used to calculate the market size of remaining technologies. The summation of the region-wise market size, in terms of value, gives the global smart fleet management market size. The figure below shows the break-up of profile of industry experts who participated in primary discussions.

Smart Fleet Management Market

To know about the assumptions considered for the study, download the pdf brochure

The smart fleet management market eco-system consists of a parent industry vehicle intelligence and security, which includes manufacturers such as Continental AG (Germany), Denso Corporation (Japan), and Robert Bosch GmbH (Germany) among others, sensor manufacturers such as Infineon Technologies AG (Germany), vehicle manufacturers such as General Motors (U.S.), BMW (Germany), and Hyundai Motors (South Korea), maritime solutions providers such as Precious Shipping Company Private Limited (Thailand) and Otto Marine Limited (Singapore) among others.

Target Audience

  • Fleet operators
  • Automotive electronic system manufacturers
  • Rolling Stock manufacturers
  • Investment firms
  • Equity research firms
  • Private equity firms

Scope of the Report

  • By Transportation
    • Automotive
    • Rolling Stock
    • Marine
  • By Hardware
    • Tracking
    • Optimization
    • ADAS
    • Remote Diagnostics
  • By Connectivity
    • Short Range Communication
    • Long Range Communication
    • Cloud
  • By Solutions
    • Vehicle Tracking
    • Fleet Optimization
  • By Region
    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World (RoW)

Available Customizations

  • Smart Fleet Management Market, By Solutions for Marine
  • Additional Company Profiles

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Secondary Sources
                    2.1.1.2 Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Sampling Techniques & Data Collection Methods
           2.1.3 Primary Participants
    2.2 Data Triangulation
    2.3 Factor Analysis
           2.3.1 Introduction
           2.3.2 Demand Side Analysis
                    2.3.2.1 Safety Concerns in Fleet Management
                    2.3.2.2 Mandate on Cost-Containment
           2.3.3 Supply Side Analysis
                    2.3.3.1 Technological Advancement
                    2.3.3.2 Need of Connectivity for Safety and Security
    2.4 Market Size Estimation
    2.5 Assumptions

3 Executive Summary (Page No. - 29)
    3.1 Smart Fleet Management Market, By Region
    3.2 Smart Fleet Management Market, By Mode of Transport
    3.3 Smart Fleet Management Market, By Connectivity
    3.4 Automotive Smart Fleet Management Market, By Solutions
    3.5 Smart Fleet Management Market, By Hardware

4 Premium Insights (Page No. - 34)
    4.1 Attractive Opportunities in the Smart Fleet Management Market
    4.2 Smart Fleet Management Market, By Region & Hardware, 2017
    4.3 Regional Market Share of Smart Fleet Management Market, 2017 vs 2022
    4.4 Smart Fleet Management Market, By Connectivity Type
    4.5 Smart Fleet Management Market, By Mode of Transport

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Hardware
           5.2.2 By Mode of Transport
           5.2.3 By Mode of Connectivity
           5.2.4 By Solutions
           5.2.5 By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Government Regulations
                    5.3.1.2 Need of High Speed Network
           5.3.2 Restraints
                    5.3.2.1 Complex and Expensive Technology
                    5.3.2.2 Lack of Adaptability in Developing Nations
           5.3.3 Opportunities
                    5.3.3.1 Fleets Integration With Artificial Intelligence
           5.3.4 Challenges
                    5.3.4.1 Cost and Quality
                    5.3.4.2 Safety and Security Threats

6 Smart Fleet Management Market, By Mode of Transport (Page No. - 45)
    6.1 Introduction
    6.2 Smart Fleet Management Market, By Mode of Transport
           6.2.1 Automotive
                    6.2.1.1 Automotive Smart Fleet Management Market
           6.2.2 Rolling Stock
                    6.2.2.1 Rolling Stock Smart Fleet Management Market
           6.2.3 Marine
                    6.2.3.1 Marine Smart Fleet Management Market

7 Smart Fleet Management Market, By Hardware (Page No. - 52)
    7.1 Introduction
    7.2 Automotive
           7.2.1 Global Automotive Smart Fleet Management Market
                    7.2.1.1 Tracking
                    7.2.1.2 Optimization
                    7.2.1.3 ADAS
                    7.2.1.4 Diagnostics
    7.3 Rolling Stock
           7.3.1 Global Rolling Stock Smart Fleet Management
                    7.3.1.1 Tracking
                    7.3.1.2 Optimisation
                    7.3.1.3 ADAS
                    7.3.1.4 Diagnostics
    7.4 Marine
           7.4.1 Global Marine Smart Fleet Management Market
                    7.4.1.1 Tracking
                    7.4.1.2 Optimisation
                    7.4.1.3 ADAS
                    7.4.1.4 Diagnostics

8 Smart Fleet Management Market, By Product (Page No. - 68)
    8.1 Introduction
    8.2 Automotive
           8.2.1 Automotive Smart Fleet Management Market
                    8.2.1.1 Tracking
                    8.2.1.2 Optimization
                    8.2.1.3 ADAS
                    8.2.1.4 Diagnostics
    8.3 Rolling Stock
           8.3.1 Rolling Stock Smart Fleet Management Market
                    8.3.1.1 Tracking
                    8.3.1.2 Optimization
                    8.3.1.3 ADAS
                    8.3.1.4 Diagnostics
    8.4 Marine
           8.4.1 Marine Smart Fleet Management Market
                    8.4.1.1 Tracking
                    8.4.1.2 Optimization
                    8.4.1.3 ADAS
                    8.4.1.4 Diagnostics

9 Smart Fleet Management Market, By Connectivity (Page No. - 88)
    9.1 Introduction
    9.2 Cloud
    9.3 Short Range Communication Market
    9.4 Long Range Communication Market

10 Smart Fleet Management Market, By Solutions (Page No. - 92)
     10.1 Introduction
     10.2 By Solutions
             10.2.1 By Tracking Solutions
             10.2.2 By Optimization Solutions

11 Smart Fleet Management Market, By Region (Page No. - 95)
     11.1 Introduction
     11.2 Automotive
             11.2.1 Global Automotive Smart Fleet Management Market
             11.2.2 Asia-Pacific
             11.2.3 Europe
             11.2.4 North America
             11.2.5 RoW
     11.3 Rolling Stock
             11.3.1 Global Rolling Stock Smart Fleet Management Market
             11.3.2 Asia-Pacific
             11.3.3 Europe
             11.3.4 North America
             11.3.5 RoW
     11.4 Marine
             11.4.1 Global Marine Smart Fleet Management Market
             11.4.2 Asia-Pacific
             11.4.3 Europe
             11.4.4 North America
             11.4.5 RoW

12 Competitive Landscape (Page No. - 116)
     12.1 Introduction
             12.1.1 Vanguards
             12.1.2 Innovators
             12.1.3 Dynamic
             12.1.4 Emerging
     12.2 Competitive Benchmarking
             12.2.1 Analysis of Product Portfolio of Major Players in the Smart Fleet Management Market (25 Players)
             12.2.2 Business Strategies Adopted By Major Players in the Smart Fleet Management Market (25 Players)
Top 25 Companies Analyzed for This Study are - Orbcomm, Inc., Siemens Ag,Cisco Systems, Inc., Bombardier, Inc., Robert Bosch GmbH, Garmin Ltd., Tomtom N.V., Mobileye N.V., Continental Ag, Denso Corporation, Globecomm Systems, Inc., IBM Corporation, Alstom Sa, Tech Mahindra Limited, Trimble, Inc., Sierra Wireless, Inc., Verizon Communication, Inc., Qualcomm, Inc., Infineon Technologies Ag, Harman International, Calamp, OTTO Marine Ltd., Precious Shipping Public Company Ltd., Jutha Maritime Public Company Ltd., Nvidia Corporation
     12.3 Market Ranking Analysis: Smart Fleet Management Market

13 Company Profiles (Page No. - 121)
(Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View)*
     13.1 Robert Bosch GmbH
     13.2 Continental AG
     13.3 Denso Corporation
     13.4 Harman International Industries, Inc.
     13.5 Siemens AG
     13.6 IBM Corporation
     13.7 Sierra Wireless, Inc.
     13.8 Cisco Systems, Inc.
     13.9 Calamp Corp.
     13.10 Precious Shipping Public Company Ltd.
     13.11 OTTO Marine Limited
     13.12 Orbcomm, Inc.
     13.13 Jutha Maritime Public Company Limited
     13.14 Globecomm Systems, Inc.

*Details on Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 160)
     14.1 Key Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports
     14.7 Author Details


List of Tables (107 Tables)

Table 1 Smart Fleet Management Market, By Mode of Transport, 2015–2022 (Million Units)
Table 2 Smart Fleet Management Market, By Mode of Transport, 2015–2022 (USD Billion)
Table 3 Automotive Smart Fleet Management Market, By Region, 2015–2022 (Million Units)
Table 4 Automotive Smart Fleet Management Market, By Region, 2015–2022 (USD Billion)
Table 5 Rolling Stock Smart Fleet Management Market, By Region, 2015–2022 (Million Units)
Table 6 Rolling Stock Smart Fleet Management Market, By Region, 2015–2022 (USD Billion)
Table 7 Marine Smart Fleet Management Market, By Region, 2015–2022 (Million Units)
Table 8 Marine Smart Fleet Management Market, By Region, 2015–2022 (USD Billion)
Table 9 Global Automotive Smart Fleet Management Market, By Hardware, 2015–2022 (Million Units)
Table 10 Global Automotive Smart Fleet Management Market, By Hardware, 2015–2022 (USD Billion)
Table 11 Tracking: Automotive Smart Fleet Management Market, By Hardware Type, 2015–2022 (Million Units)
Table 12 Tracking: Automotive Smart Fleet Management Market, By Hardware, 2015–2022 (USD Billion)
Table 13 Optimization: Automotive Smart Fleet Management Market, By Hardware Type, 2015–2022 (Million Units)
Table 14 Optimization: Automotive Smart Fleet Management Market, By Hardware Type, 2015–2022 (USD Billion)
Table 15 ADAS: Automotive Smart Fleet Management Market, By Hardware Type, 2015–2022 (Million Units)
Table 16 ADAS: Automotive Smart Fleet Management Market, By Hardware Type, 2015–2022 (USD Billion)
Table 17 Diagnostics: Automotive Smart Fleet Management Market, By Hardware Type, 2015–2022 (Million Units)
Table 18 Diagnostics: Automotive Smart Fleet Management Market, By Hardware Type, 2015–2022 (USD Billion)
Table 19 Global Rolling Stock Smart Fleet Management Market, By Hardware, 2015–2022 (Million Units)
Table 20 Global Rolling Stock Smart Fleet Management Market, By Hardware, 2015–2022 (USD Billion)
Table 21 Tracking: Rolling Stock Smart Fleet Management Market, By Hardware Type, 2015–2022 (Million Units)
Table 22 Tracking: Rolling Stock Smart Fleet Management Market, Hardware, 2015–2022 (USD Billion)
Table 23 Optimisation: Rolling Stock Smart Fleet Management Market, By Hardware Type, 2015–2022 (Million Units)
Table 24 Optimisation: Rolling Stock Smart Fleet Management Market, By Hardware Type, 2015–2022 (USD Billion)
Table 25 ADAS: Rolling Stock Smart Fleet Management Market, By Hardware Type, 2015–2022 (Million Units)
Table 26 ADAS: Rolling Stock Smart Fleet Management Market, By Hardware Type, 2015–2022 (USD Billion)
Table 27 Diagnostics: Rolling Stock Smart Fleet Management Market, By Hardware Type, 2015–2022 (Million Units)
Table 28 Diagnostics: Rolling Stock Smart Fleet Management Market, By Hardware Type, 2015–2022(USD Billion)
Table 29 Global Marine Smart Fleet Management Market, By Hardware, 2015–2022 (Million Units)
Table 30 Global Marine Smart Fleet Management Market, By Hardware, 2015–2022 (USD Billion)
Table 31 Tracking: Marine Smart Fleet Management Market, By Hardware Type, 2015–2022 (Million Units)
Table 32 Tracking: Marine Smart Fleet Management Market, By Product, 2015–2022 (USD Billion)
Table 33 Optimisation: Marine Smart Fleet Management Market, By Hardware Type, 2015–2022 (Million Units)
Table 34 Optimisation: Marine Smart Fleet Management Market, By Hardware Type, 2015–2022 (USD Billion)
Table 35 ADAS: Marine Smart Fleet Management Market, By Hardware Type, 2015–2022 (Million Units)
Table 36 ADAS: Marine Smart Fleet Management Market, By Hardware Type, 2015–2022 (USD Billion)
Table 37 Diagnostics: Marine Smart Fleet Management Market, By Hardware Type, 2015–2022 (Million Units)
Table 38 Diagnostics: Marine Smart Fleet Management Market, By Hardware Type, 2015–2022 (USD Billion)
Table 39 Automotive Smart Fleet Management Market, By Product, 2015–2022 (Million Units)
Table 40 Smart Fleet Management Market, By Product, 2015–2022 (USD Billion)
Table 41 Tracking: Automotive Smart Fleet Management Market, By Region, 2015–2022, (Million Units)
Table 42 Tracking: Automotive Smart Fleet Management Market, By Region, 2015–2022, (USD Billion)
Table 43 Optimization: Automotive Smart Fleet Management Market, By Region, 2015–2022, (Million Units)
Table 44 Optimization: Automotive Smart Fleet Management Market, By Region, 2015–2022, (USD Billion)
Table 45 ADAS: Automotive Smart Fleet Management Market, By Region, 2015–2022, (Million Units)
Table 46 ADAS: Automotive Smart Fleet Management Market, By Region, 2015–2022, (USD Billion)
Table 47 Diagnostics: Automotive Smart Fleet Management Market, By Region, 2015–2022, (Million Units)
Table 48 Diagnostics: Automotive Smart Fleet Management Market, By Region, 2015–2022, (USD Billion)
Table 49 Rolling Stock Smart Fleet Management Market, By Product, 2015–2022 (Million Units)
Table 50 Rolling Stock Smart Fleet Management Market, By Product, 2015–2022 (USD Billion)
Table 51 Rolling Stock Smart Fleet Management Market, By Product, 2015–2022 (Million Units)
Table 52 Rolling Stock Smart Fleet Management Market, By Product, 2015–2022 (USD Billion)
Table 53 Tracking: Rolling Stock Smart Fleet Management Market, By Region, 2015–2022, (Million Units)
Table 54 Tracking: Rolling Stock Smart Fleet Management Market, By Region, 2015–2022, (USD Billion)
Table 55 Optimization: Rolling Stock Smart Fleet Management Market, By Region, 2015–2022, (Million Units)
Table 56 Optimization: Rolling Stock Smart Fleet Management Market, By Region, 2015–2022, (USD Billion)
Table 57 ADAS: Rolling Stock Smart Fleet Management Market, By Region, 2015–2022, (Million Units)
Table 58 ADAS: Rolling Stock Smart Fleet Management Market, By Region, 2015–2022, (USD Billion)
Table 59 Diagnostics: Rolling Stock Smart Fleet Management Market, By Region, 2015–2022, (Million Units)
Table 60 Diagnostics: Rolling Stock Smart Fleet Management Market, By Region, 2015–2022, (USD Billion)
Table 61 Marine Smart Fleet Management Market, By Product, 2015–2022 (Million Units)
Table 62 Marine Smart Fleet Management Market, By Product, 2015–2022 (USD Billion)
Table 63 Marine Smart Fleet Management Market, By Product, 2015–2022 (Million Units)
Table 64 Marine Smart Fleet Management Market, By Product, 2015–2022 (USD Billion)
Table 65 Tracking: Marine Smart Fleet Management Market, By Region, 2015–2022, (Million Units)
Table 66 Tracking: Marine Smart Fleet Management Market, By Region, 2015–2022, (USD Billion)
Table 67 Optimization: Marine Smart Fleet Management Market, By Region, 2015–2022 (Million Units)
Table 68 Optimization: Marine Smart Fleet Management Market, By Region, 2015–2022 (USD Billion)
Table 69 ADAS: Marine Smart Fleet Management Market, By Region, 2015–2022 (Million Units)
Table 70 ADAS: Marine Smart Fleet Management Market, By Region, 2015–2022 (USD Billion)
Table 71 Diagnostics: Marine Smart Fleet Management Market, By Region, 2015–2022 (Million Units)
Table 72 Diagnostics: Marine Smart Fleet Management Market, By Region, 2015–2022 (USD Billion)
Table 73 Smart Fleet Management Market, By Solutions, 2015–2022 (USD Million)
Table 74 Smart Fleet Management Market, By Tracking Solutions, 2015–2022 (USD Million)
Table 75 Smart Fleet Management Market, By Optimization Solutions, 2015–2022 (USD Million)
Table 76 Global Smart Fleet Management Market, By Region, 2015–2022 (USD Billion)
Table 77 Global Automotive Smart Fleet Management Market, By Region, 2015–2022 (Million Units)
Table 78 Global Automotive Smart Fleet Management Market, 2015-2022 (USD Billion)
Table 79 Asia-Pacific Automotive Smart Fleet Management Market, By Hardware, 2015–2022 (Million Units)
Table 80 Asia-Pacific Automotive Smart Fleet Management Market, By Hardware, 2015–2022 (USD Billion)
Table 81 Europe Automotive Smart Fleet Management Market, By Hardware, 2015–2022 (Million Units)
Table 82 Europe Automotive Smart Fleet Management Market, By Hardware, 2015–2022 (USD Billion)
Table 83 North America Automotive Smart Fleet Management Market, By Hardware, 2015–2022 ( Million Units)
Table 84 North America Automotive Smart Fleet Management Market, By Hardware, 2015–2022 (USD Billion)
Table 85 RoW Automotive Smart Fleet Management Market, By Hardware, 2015–2022 (Million Units)
Table 86 RoW Automotive Smart Fleet Management Market, By Hardware, 2015–2022 (USD Billion)
Table 87 Global Rolling Stock Smart Fleet Management Market, By Hardware, 2015–2022 (Million Units)
Table 88 Global Rolling Stock Smart Fleet Management Market, By Hardware, 2015–2022 (USD Billion)
Table 89 Asia-Pacific Rolling Stock Smart Fleet Management Market, By Hardware, 2015–2022 (Million Units)
Table 90 Asia-Pacific Rolling Stock Smart Fleet Management Market, By Hardware, 2015–2022 (USD Billion)
Table 91 Europe Rolling Stock Smart Fleet Management Market, By Hardware, 2015–2022 (Million Units)
Table 92 Europe Rolling Stock Smart Fleet Management Market, By Hardware, 2015–2022 ( USD Billion)
Table 93 North America Rolling Stock Smart Fleet Management Market, By Hardware, 2015–2022 (Million Units)
Table 94 North America Rolling Stock Smart Fleet Management Market, By Hardware, 2015–2022 (USD Billion)
Table 95 RoW Rolling Stock Smart Fleet Management Market, By Hardware, 2015–2022 (Million Units)
Table 96 RoW Rolling Stock Smart Fleet Management Market, By Hardware, 2015–2022 (USD Billion)
Table 97 Global Marine Smart Fleet Management Market, By Hardware, 2015–2022 (Million Units)
Table 98 Global Marine Smart Fleet Management Market, By Hardware, 2015–2022 (USD Billion)
Table 99 Asia-Pacific Marine Smart Fleet Management Market, By Hardware, 2015–2022 (Million Units)
Table 100 Asia-Pacific Marine Smart Fleet Management Market, By Hardware, 2015–2022 (USD Billion)
Table 101 Europe Marine Smart Fleet Management Market, By Hardware, 2015–2022 (Million Units)
Table 102 Europe Marine Smart Fleet Management Market, By Hardware, 2015–2022 (USD Billion)
Table 103 North America Marine Smart Fleet Management Market, By Hardware, 2015–2022 (Million Units)
Table 104 North America Marine Smart Fleet Management Market, By Hardware, 2015–2022 (USD Billion)
Table 105 RoW Marine Smart Fleet Management Market, By Hardware, 2015–2022 (Million Units)
Table 106 RoW Marine Smart Fleet Management Market, By Hardware, 2015–2022 (USD Million)
Table 107 Global Smart Fleet Management Market Ranking: 2017


List of Figures (50 Figures)

Figure 1 Smart Fleet Management Market: Markets Covered
Figure 2 Research Design
Figure 3 Research Methodology Model
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 5 Global Smart Fleet Management Market, By Hardware: Bottom-Up Approach
Figure 6 Asia-Pacific is Expected to Emerge as the Largest Growing Market, 2017–2022 (USD Billion)
Figure 7 Marine is Estimated to Hold the Largest Market Share, 2017–2022 (USD Billion)
Figure 8 Cloud is Projected to Hold the Largest Market Share, 2017–2022 (USD Billion)
Figure 9 Optimization is Estimated to Be the Largest Market, 2017–2022 (USD Billion)
Figure 10 ADAS Segment to Have the Largest Market Share of Smart Fleet Management Market, 2017–2022 (USD Billion)
Figure 11 Government Regulations & Changing Preferences of Fleet Operators Expected to Drive the Demand for Smart Fleets
Figure 12 Asia-Pacific to Dominate the Smart Fleet Management Market in 2017
Figure 13 Asia-Pacific to Account for the Largest Share, By Value, of the Smart Fleet Management Market, 2017–2022
Figure 14 Cloud to Dominate the Smart Fleet Management Market in 2017
Figure 15 Marine to Hold the Largest Market Share, By Value, in the Smart Fleet Management Market in 2017
Figure 16 Market Segmentation
Figure 17 Smart Fleet Management Market, By Hardware
Figure 18 Smart Fleet Management Market, By Mode of Transport
Figure 19 Smart Fleet Management Market, By Mode of Connectivity
Figure 20 Smart Fleet Management Market, By Solutions
Figure 21 Smart Fleet Management Market, By Region
Figure 22 Smart Fleet Management Market: Market Dynamics
Figure 23 The North American Market is Expected to Lead the Automotive Smart Fleet Management Market, By Region, 2017 vs 2022 (USD Billion)
Figure 24 The European Market is Expected to Lead the Rolling Stock Smart Fleet Management Market
Figure 25 The Market in Asia-Pacific is Expected to Lead the Marine Smart Fleet Management Market, By Region, 2017 vs 2022 (USD Billion)
Figure 26 ADAS is to Lead Automotive Smart Fleet Management Market, By Hardware Type, 2017 vs 2022 (USD Billion)
Figure 27 Smart Fleet Management Market, By Hardware Type, 2017 vs 2022 (USD Billion)
Figure 28 ADAS is to Lead Marine Smart Fleet Management Market, By Hardware Type, 2017 vs 2022 (USD Billion)
Figure 29 The ADAS Segment is Expected to Lead the Automotive Smart Fleet Management Market, By Product, 2017 vs 2022 (USD Billion)
Figure 30 The Optimization Segment is Expected to Lead the Rolling Stock Smart Fleet Management Market, By Product, 2017 vs 2022 (Million Units)
Figure 31 The ADAS Segment is Expected to Lead the Marine Smart Fleet Management Market, By Product, 2017 vs 2022 (USD Billion)
Figure 32 Cloud is Estimated to Lead the Smart Fleet Management Market, By Connectivity, 2017 vs 2022 (USD Billion)
Figure 33 The North American Market Holds the Largest Share of the Smart Fleet Management Market, By Solutions, From 2017 to 2022
Figure 34 Smart Fleet Management Market Outlook, By Region (2017-2022)
Figure 35 Asia-Pacific Smart Fleet Management Market, 2017–2022
Figure 36 North America Smart Fleet Management Market, 2017–2022
Figure 37 Dive Chart
Figure 38 Robert Bosch GmbH: Company Snapshot
Figure 39 Continental AG: Company Snapshot
Figure 40 Denso Corporation: Company Snapshot
Figure 41 Harman International Industries, Inc.: Company Snapshot
Figure 42 Siemens AG: Company Snapshot
Figure 43 IBM Corporation: Company Snapshot
Figure 44 Sierra Wireless, Inc.: Company Snapshot
Figure 45 Cisco Systems, Inc.: Company Snapshot
Figure 46 Calamp Corp.: Company Snapshot
Figure 47 Precious Shipping Public Company Ltd.: Company Snapshot
Figure 48 OTTO Marine Limited: Company Snapshot
Figure 49 Orbcomm, Inc.: Company Snapshot (2016)
Figure 50 Jutha Maritime PCL: Company Snapshot (2016)

The 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. Rising concerns about vehicle safety, driver monitoring, and passenger or goods safety have fueled the growth of the global smart fleet management market.

Advanced Driver Assistance Systems (ADAS) is estimated to have the highest growth potential in the global smart fleet management market, by hardware. This segment is projected to grow at a promising CAGR of 6.3% from 2017 to 2022. The growth can be attributed to the proven benefits of the system in transport safety. Increasing regulations are expected to drive the growth of the ADAS market in the next few years.

The smart fleet management market, by connectivity type, is estimated to be led by short range communication during the forecast period. The short range communication technology can be used to share information regarding traffic jams, position, and best possible route and can also help to avoid collisions. The growing demand for developing systems that will help to reduce traffic fatalities, save fuel, and increase efficiency are some of the key factors contributing towards the growth of short-range communication. The market for these technologies is on the rise, and regulatory bodies in Europe and North America are planning to mandate some of these technologies. For example, in Europe, emergency call has been mandated for all the new vehicles in the near future.

The Asia-Pacific region is estimated to be the largest market for smart fleet management during the review period. This is mainly because of the presence of emerging markets such as India and China, the two most populated countries in the world. The adoption rate of smart fleet management market technologies such as ADAS and telematics is expected to increase in the Asia-Pacific region. In 2015, the Indian government reviewed the policy for the use of radar-based technologies, which would, in turn, lead to an increase in the use of ADAS system in the Indian market. The region also has some of the most stringent vehicle safety regulations in the world, which would boost the market for advanced driver assistance technologies and telematics.

Smart Fleet Management Market

The key factors restraining the growth of the smart fleet management market include the high cost of these systems and complex nature. Driver assistance systems have several electronic components, which make the system complex and increase the overall cost of the system.

The global smart fleet management market is dominated by key manufacturers such as Continental AG (Germany), Denso Corporation (Japan), Robert Bosch GmbH (Germany), IBM Corporation (U.S.) and Precious Shipping Company Public Limited (Thailand) among others. These companies have been focusing on developing new products and forming partnerships and collaborations with key organizations to expand their presence in the global smart fleet management market. Continental AG is currently the market leader and has adopted partnerships and collaborations as the key strategy to gain traction in the market. For instance, it entered into a strategic collaboration agreement with China Automotive Technology & Research Center (CATARC) to work closely in areas such as automotive security.

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