AutomotivePress Releases

Smart Fleet Management Market Size, Share, Growth and Manufacture Development Analysis by 2021-2027

Share This Article

The global Smart Fleet Management market size is expected to surpass around US$ 603.4 billion by 2027 and the market is expected to garner growth at a CAGR of 6.7% over the forecast period 2021 to 2027.

The Smart Fleet Management market report covers a detailed analysis for the historic period 2017-2020, considering 2021 as the base year and forecast (growth) for 2021-2027.

Get the sample copy of this report@ https://www.precedenceresearch.com/sample/1058

Growth Factors

Need for high fuel efficiency combined with high speed networks expected to propel the market for smart fleet management. Government regulations and rising demand for connectivity predicted to augment the market growth. Furthermore, reduction of both, operating cost and transportation cost has emerged as a major trend in the automotive sector that encourages the players in the smart fleet management market.

Market Report Scope

Report Highlights Details
Market Size USD 603.4 Billion by 2027
Growth Rate CAGR of 6.7% from 2021 to 2027
Largest Market Asia Pacific
Fastest Growing Market North America
Base Year 2021
Forecast Period 2021 to 2027

Get Customization on this Research Report@ https://www.precedenceresearch.com/customization/1058

Market Overview

A recent study by Precedence Research on the Smart Fleet Management market offers a forecast for 2021 and 2027. The study analyzes crucial trends that are currently determining the growth of the Smart Fleet Management market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of Smart Fleet Management. The study also provides the dynamics that are responsible for influencing the future status of the Smart Fleet Management market over the forecast period.

A detailed assessment of the Smart Fleet Management market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the Smart Fleet Management market along with their product portfolio enhances the reliability of this comprehensive research study.

Report Highlights

  • In 2019, the Asia Pacific occupied maximum market value share in the global smart fleet management market and encountered attractive growth during the analysis period. This is attributed to the increasing transportation facilities in the developing countries such as India, Japan, China, Singapore, Korea, and Malaysia. Furthermore, increasing number of accident cases across the region also significantly boost the requirement for vehicle safety features to curtail the number of deaths due to road accidents across the Asia Pacific, thereby propels the growth of smart fleet management in the region.
  • North America and Europe are other prominent regions that contribute significantly for the revenue share in the global smart fleet management market. Technological advancement and rising demand for electric and autonomous vehicles are some of the prime factors that drive the overall market growth in the regions.
  • In 2019, automotive segment captured maximum market value share in the global smart fleet management market and projected to register the fastest growth over the forecast period. Numerous advantages offered by the connected vehicles such as remote diagnostics, fuel management, remote monitoring, route optimization, vehicle idle time, and predictive maintenance contribute prominently towards the growth of the segment.
  • In terms of hardware, Advanced Driver Assistance System (ADAS) expected to demonstrate the fastest growth over the analysis period. Although, governments of various regions have issued mandatory laws for the adoption of vehicle safety equipment, autonomous car technology has encountered stupendous growth in the recent past and predicted to exhibit the same trend in the coming years. This serves as one of the prime factor for the growth of ADAS segment in smart fleet management market.

Regional Snapshots

The Asia Pacific is an eye catching region in the global smart fleet management market. The region dominated the global market in 2019 and projected the fastest growth over the analysis period. Increasing number of road accidents and numerous initiatives taken by the government pertaining to implementation of driver safety features to curb the number of increasing accidents expected to boost the demand for smart fleet management system. Japan, China, India, Singapore, Korea, Malaysia, and other developing countries in the region are prominently investing for the transformation of fleet into smarter. This will helps the region to efficiently tune the mobility traffic with the carbon emission, thereby achieving the air quality standard in the region.

Besides this, North America and Europe are the other prominent markets and cater prominent value share in the global smart fleet management market. Increasing consumer preference towards smart and battery-powered vehicles significantly drives the smart fleet management market. Furthermore, existence of favorable infrastructure to support the smart fleet management system is the other major factor propelling the market growth.

OBJECTIVES OF THE STUDY

  • To analyze and forecast the electric motor market, in terms of value and volume
  • To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To define, segment, and project the size of the global electric motor market on the product type, end-use and other segments
  • To project the size of the market, with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America, with their key countries
  • To strategically analyze micro markets with respect to individual growth trends, growth prospects, and their contribution to the total market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • To strategically profile key players and comprehensively analyze their core competencies
  • To track and analyze research & development (R&D) and competitive developments such as joint ventures, mergers & acquisitions, and new product developments in the electric motor market

Research Methodology

  • Market estimate for 2020
  • Average selling price (ASP) per region for specific product type
  • Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
  • Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
  • National government documents, statistical databases
  • News articles, press releases, and webcasts specific to companies operating in the market
  • Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
  • Determination of market penetration by country

Major Players Covered in this Report

The updated market research report on electric motor market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Major key players operating in the market are

  • Continental AG
  • Sierra Wireless
  • Cisco Systems, Inc.
  • Siemens AG
  • IBM Corporation
  • Tech Mahindra
  • Robert Bosch GmbH
  • Zonar Systems, Inc.

Segments Covered in the Report

By Hardware

  • Remote Diagnostics
  • Tracking
  • Optimization
  • ADAS

By Transportation

  • Rolling Stock
  • Automotive
  • Marine

By Connectivity

  • Long Range Communication
  • Short Range Communication
  • Cloud

By Regional

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Why should you invest in this report?

If you are aiming to enter the global Smart Fleet Management market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Smart Fleet Management are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027, so that you can plan your strategies to enter this market accordingly. Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Smart Fleet Management Market, By Hardware

7.1. Smart Fleet Management Market, by Hardware Type, 2020-2027
7.1.1. Remote Diagnostics
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Tracking
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Optimization
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. ADAS
7.1.4.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Smart Fleet Management Market, By Transportation

8.1. Smart Fleet Management Market, by Transportation, 2020-2027
8.1.1. Rolling Stock
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Automotive
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Marine
8.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Smart Fleet Management Market, By Connectivity

9.1. Smart Fleet Management Market, by Connectivity, 2020-2027
9.1.1. Long Range Communication
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Short Range Communication
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Cloud
9.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Smart Fleet Management Market, Regional Estimates and Trend Forecast

10.1. North America
10.1.1. Market Revenue and Forecast, by Hardware (2016-2027)
10.1.2. Market Revenue and Forecast, by Transportation (2016-2027)
10.1.3. Market Revenue and Forecast, by Connectivity (2016-2027)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Hardware (2016-2027)
10.1.4.2. Market Revenue and Forecast, by Transportation (2016-2027)
10.1.4.3. Market Revenue and Forecast, by Connectivity (2016-2027)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Hardware (2016-2027)
10.1.5.2. Market Revenue and Forecast, by Transportation (2016-2027)
10.1.5.3. Market Revenue and Forecast, by Connectivity (2016-2027)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Hardware (2016-2027)
10.2.2. Market Revenue and Forecast, by Transportation (2016-2027)
10.2.3. Market Revenue and Forecast, by Connectivity (2016-2027)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Hardware (2016-2027)
10.2.4.2. Market Revenue and Forecast, by Transportation (2016-2027)
10.2.4.3. Market Revenue and Forecast, by Connectivity (2016-2027)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Hardware (2016-2027)
10.2.5.2. Market Revenue and Forecast, by Transportation (2016-2027)
10.2.5.3. Market Revenue and Forecast, by Connectivity (2016-2027)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Hardware (2016-2027)
10.2.6.2. Market Revenue and Forecast, by Transportation (2016-2027)
10.2.6.3. Market Revenue and Forecast, by Connectivity (2016-2027)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Hardware (2016-2027)
10.2.7.2. Market Revenue and Forecast, by Transportation (2016-2027)
10.2.7.3. Market Revenue and Forecast, by Connectivity (2016-2027)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Hardware (2016-2027)
10.3.2. Market Revenue and Forecast, by Transportation (2016-2027)
10.3.3. Market Revenue and Forecast, by Connectivity (2016-2027)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Hardware (2016-2027)
10.3.4.2. Market Revenue and Forecast, by Transportation (2016-2027)
10.3.4.3. Market Revenue and Forecast, by Connectivity (2016-2027)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Hardware (2016-2027)
10.3.5.2. Market Revenue and Forecast, by Transportation (2016-2027)
10.3.5.3. Market Revenue and Forecast, by Connectivity (2016-2027)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Hardware (2016-2027)
10.3.6.2. Market Revenue and Forecast, by Transportation (2016-2027)
10.3.6.3. Market Revenue and Forecast, by Connectivity (2016-2027)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Hardware (2016-2027)
10.3.7.2. Market Revenue and Forecast, by Transportation (2016-2027)
10.3.7.3. Market Revenue and Forecast, by Connectivity (2016-2027)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Hardware (2016-2027)
10.4.2. Market Revenue and Forecast, by Transportation (2016-2027)
10.4.3. Market Revenue and Forecast, by Connectivity (2016-2027)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Hardware (2016-2027)
10.4.4.2. Market Revenue and Forecast, by Transportation (2016-2027)
10.4.4.3. Market Revenue and Forecast, by Connectivity (2016-2027)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Hardware (2016-2027)
10.4.5.2. Market Revenue and Forecast, by Transportation (2016-2027)
10.4.5.3. Market Revenue and Forecast, by Connectivity (2016-2027)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Hardware (2016-2027)
10.4.6.2. Market Revenue and Forecast, by Transportation (2016-2027)
10.4.6.3. Market Revenue and Forecast, by Connectivity (2016-2027)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Hardware (2016-2027)
10.4.7.2. Market Revenue and Forecast, by Transportation (2016-2027)
10.4.7.3. Market Revenue and Forecast, by Connectivity (2016-2027)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Hardware (2016-2027)
10.5.2. Market Revenue and Forecast, by Transportation (2016-2027)
10.5.3. Market Revenue and Forecast, by Connectivity (2016-2027)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Hardware (2016-2027)
10.5.4.2. Market Revenue and Forecast, by Transportation (2016-2027)
10.5.4.3. Market Revenue and Forecast, by Connectivity (2016-2027)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Hardware (2016-2027)
10.5.5.2. Market Revenue and Forecast, by Transportation (2016-2027)
10.5.5.3. Market Revenue and Forecast, by Connectivity (2016-2027)

Chapter 11. Company Profiles

11.1. Continental AG
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Sierra Wireless
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Cisco Systems, Inc.
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Siemens AG
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. IBM Corporation
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Tech Mahindra
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Robert Bosch GmbH
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Zonar Systems, Inc.
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions

Chapter 13. Appendix

13.1. About Us
13.2. Glossary of Terms

Buy this Research Report study@ https://www.precedenceresearch.com/checkout/1058

You can place an order or ask any questions, please feel free to contact at sales@precedenceresearch.com | +1 9197 992 333

About Us

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defense, among different ventures present globally.

For Latest Update Follow Us:

https://www.linkedin.com/company/precedence-research/

https://www.facebook.com/precedenceresearch/

https://twitter.com/Precedence_R

Show More

Janet Edward

I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

Related Articles

Back to top button