Fleet Management Systems Market - Global Industry Analysis

Fleet Management Systems Market - By Vehicle (Commercial Vehicle, Aircrafts, Railways, And Watercrafts), By Component (Solution And Service), By Technology (GNSS And Cellular Systems), And By End-Use Industry (Automotive, Energy & Utilities, Manufacturing, Retail, Government Sector, and Construction): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2021–2028

Published Date: 26-Nov-2021 Category: Technology & Media Report Format : PDF Pages: 176 Report Code: ZMR-3588 Status : Published

The global Fleet Management Systems Market accrued earnings worth approximately 30.01 (USD Billion) in 2020 and is predicted to gain revenue of about 50.11 (USD Billion) by 2028, is set to record a CAGR of nearly 20.3% over the period from 2021 to 2028.

Description

The global Fleet Management Systems Market accrued earnings worth approximately 30.01 (USD Billion) in 2020 and is predicted to gain revenue of about 50.11 (USD Billion) by 2028, is set to record a CAGR of nearly 20.3% over the period from 2021 to 2028. The report offers assessment and analysis of the Fleet Management Systems Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).

Fleet Management Systems Market: Outlook

Fleet management system includes managing of ship, aviation equipment, commercial motor vehicles, rail cars, private vehicles, and non-powered vehicle systems. In addition to this, fleet management comprises of array of functionalities including vehicle maintenance, supply chain management, financing, licensing & compliance, vehicle leasing, accident management & vehicle telematics, speed management, fuel management, driver management, and health & safety management. Moreover, fleet management systems helps firms in transportation industry to minimize risks related to vehicle investment, enhance productivity, reduce transport & staff expenses, and improve efficiency.   

Global Fleet Management Systems Market

Fleet Management Systems Market: Growth Drivers

Surge in acceptance of wireless technology, rise in global trade, and necessity of improving operational efficiency in fleet management activities will steer growth of fleet management systems market. Escalating need of enhancing fleet efficacy and massive use of vehicle telematics by fleet operators will proliferate size of fleet management systems industry. In addition to this, increase in acceptance of cloud computing & analytics, reduction in costs of hardware & IoT connectivity, necessity of improving operational proficiency, and favorable government mandates will spur fleet management systems industry growth. Many of fleet firms are adopting green initiatives for reducing         ecological impact and improving fleet efficiency, thereby driving market trends.

Furthermore, introduction of new technology and entry of new firms in industry is projected to magnify expansion of fleet management systems market size. Growing requirement of fleet management systems in passenger & commercial vehicles are likely to produce new growth avenues for fleet management systems market.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Regional Insights

North America To Contribute Majorly Towards Overall Market Size By 2028

Growth of fleet management systems market in North America over forecast timespan is subject to use of connected systems as well as connected vehicle tools for addressing concerns pertaining to vehicle tracking. Surge in online banking & payment solution firms in region along with launching of new payment services for vehicle fleets will steer growth of fleet management systems market in North America. Rise in presence of firms such as The Boeing Company, Airbus SE, and Bombardier Inc. will create lucrative avenues for fleet management systems industry in North America over forecasting timeline.

Competitive Landscape

Key players profiled in report and influencing growth of fleet management systems industry are Cisco Systems, Inc., ABB Ltd., TomTom N.V., Telogis, Navico, MiTAC International Corporation, AT&T Inc., Fleetmatics Group PLC, IBM Corporation, Freeway Fleet Systems, I.D. Systems, and Honeywell International Inc.

The global Fleet Management Systems Market is segmented as follows:

By Vehicle

  • Commercial Vehicle
  • Aircrafts
  • Railways
  • Watercrafts

By Component

  • Solution
  • Service

By Technology

  • GNSS
  • Cellular Systems

By End-Use Industry

  • Automotive
  • Energy & Utilities
  • Manufacturing
  • Retail
  • Government Sector
  • Construction

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

 

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodulogy
      • 1.3.1. Market Research Type
      • 1.3.2. Market Research Methodulogy
  • Chapter 2. Executive Summary
    • 2.1. Fleet Management Systems Market, 2018–2028(USD Billion)
    • 2.2. Fleet Management Systems Market: Snapshot
  • Chapter 3. Global Fleet Management Systems Market– Industry Analysis
    • 3.1. Fleet Management Systems Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Increase in adoption of wireless technulogy, rise in global trade & commerce activities, and need for enhancing operational efficiency in fleet management will prop up growth of fleet management systems industry.
      • 3.2.2. Escalating use of fleet management systems in passenger & commercial vehicles is predicted to create new growth opportunities for fleet management systems industry.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Vehicle
      • 3.4.2. Market attractiveness analysis By Component
      • 3.4.3. Market attractiveness analysis By End-Use Industry
      • 3.4.4. Market attractiveness analysis By Technulogy
  • Chapter 4. Global Fleet Management Systems Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Fleet Management Systems Market: company market share, 2019
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Product launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Fleet Management Systems Market– Vehicle Analysis
    • 5.1. Global Fleet Management Systems Marketoverview: By Vehicle
      • 5.1.1. Global Fleet Management Systems Marketshare, By Vehicle, 2020 and 2028
    • 5.2. Commercial Vehicle
      • 5.2.1. Global Fleet Management Systems Marketby Commercial Vehicle, 2018–2028(USD Billion)
    • 5.3. Aircrafts
      • 5.3.1. Global Fleet Management Systems Marketby Aircrafts, 2018–2028(USD Billion)
    • 5.4. Railways
      • 5.4.1. Global Fleet Management Systems Marketby Railways, 2018–2028(USD Billion)
    • 5.5. Watercrafts
      • 5.5.1. Global Fleet Management Systems Marketby Watercrafts, 2018–2028(USD Billion)
  • Chapter 6. Global Fleet Management Systems Marketoverview: By Component
    • 6.1. Global Fleet Management Systems Marketshare, By Component , 2020 and 2028
    • 6.2. Sulution
      • 6.2.1. Global Fleet Management Systems Marketby Sulution, 2018–2028(USD Billion)
    • 6.3. Service
      • 6.3.1. Global Fleet Management Systems Marketby Service, 2018–2028(USD Billion)
  • Chapter 7. Global Fleet Management Systems Marketoverview: By Technulogy
    • 7.1.1. Global Fleet Management Systems Marketshare, By Technulogy , 2020 and 2028
    • 7.2. GNSS
      • 7.2.1. Global Fleet Management Systems Market by GNSS, 2018–2028(USD Billion)
    • 7.3. Cellular Systems
      • 7.3.1. Global Fleet Management Systems Marketby Cellular Systems, 2018–2028(USD Billion)
  • Chapter 8. Global Fleet Management Systems Marketoverview: By End-Use Industry
    • 8.1. Global Fleet Management Systems Marketshare, By End-Use Industry , 2020 and 2028
    • 8.2. Automotive
      • 8.2.1. Global Fleet Management Systems Marketby Automotive, 2018–2028(USD Billion)
    • 8.3. Energy & Utilities
      • 8.3.1. Global Fleet Management Systems Marketby Energy & Utilities, 2018–2028(USD Billion)
    • 8.4. Manufacturing
      • 8.4.1. Global Fleet Management Systems Marketby Manufacturing, 2018–2028(USD Billion)
    • 8.5. Retail
      • 8.5.1. Global Fleet Management Systems Marketby Retail, 2018–2028(USD Billion)
    • 8.6. Government Sector
      • 8.6.1. Global Fleet Management Systems Marketby Government Sector, 2018–2028(USD Billion)
    • 8.7. Construction
      • 8.7.1. Global Fleet Management Systems Marketby Construction, 2018–2028(USD Billion)
  • Chapter 9. Company Profiles
    • 9.1. Cisco Systems, Inc.
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product Portfulio
      • 9.1.4. Business Strategy
      • 9.1.5. Recent Developments
    • 9.2. ABB Ltd.
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Product Portfulio
      • 9.2.4. Business Strategy
      • 9.2.5. Recent Developments
    • 9.3. TomTom N.V.
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Product Portfulio
      • 9.3.4. Business Strategy
      • 9.3.5. Recent Development
    • 9.4. Telogis
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Product Portfulio
      • 9.4.4. Business Strategy
      • 9.4.5. Recent Development
    • 9.5. Navico
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Product Portfulio
      • 9.5.4. Business Strategy
      • 9.5.5. Recent Development
    • 9.6. MiTAC International Corporation
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Product Portfulio
      • 9.6.4. Business Strategy
      • 9.6.5. Recent Development
    • 9.7. AT&T Inc.
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Product Portfulio
      • 9.7.4. Business Strategy
      • 9.7.5. Recent Development
    • 9.8. Fleetmatics Group PLC
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Product Portfulio
      • 9.8.4. Business Strategy
      • 9.8.5. Recent Development
    • 9.9. IBM Corporation
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Product Portfulio
      • 9.9.4. Business Strategy
      • 9.9.5. Recent Development
    • 9.10. Freeway Fleet Systems
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Product Portfulio
      • 9.10.4. Business Strategy
      • 9.10.5. Recent Development
    • 9.11. I.D. Systems
      • 9.11.1. Overview
      • 9.11.2. Financials
      • 9.11.3. Product Portfulio
      • 9.11.4. Business Strategy
      • 9.11.5. Recent Development
    • 9.12. Honeywell International Inc.
      • 9.12.1. Overview
      • 9.12.2. Financials
      • 9.12.3. Product Portfulio
      • 9.12.4. Business Strategy
      • 9.12.5. Recent Development

Table Of Figures

List of Figures

1. Market research Type
2. Market research methodology
3. Global Fleet Management Systems Market, 2018–2028(USD Billion)
4. Porter’s Five Forces Analysis
5. Global Fleet Management Systems Marketattractiveness, By Vehicle
6. Global Fleet Management Systems Marketattractiveness, By Component
7. Global Fleet Management Systems Marketattractiveness, By End-Use Industry
8. Global Fleet Management Systems Marketattractiveness, By Technology
9. Global Fleet Management Systems Marketshare by Vehicle ,2020 and 2028 (USD Billion)
10. Global Fleet Management Systems Marketby Commercial Vehicle, 2018–2028(USD Billion)
11. Global Fleet Management Systems Marketby Aircrafts, 2018–2028(USD Billion)
12. Global Fleet Management Systems Marketby Railways, 2018–2028(USD Billion)
13. Global Fleet Management Systems Marketby Watercrafts, 2018–2028(USD Billion)
14. Global Fleet Management Systems Marketshare by Component ,2020 and 2028 (USD Billion)
15. Global Fleet Management Systems Marketby Solution, 2018–2028(USD Billion)
16. Global Fleet Management Systems Marketby Service, 2018–2028(USD Billion)
17. Global Fleet Management Systems Marketshare by End-Use Industry ,2020 and 2028 (USD Billion)
18. Global Fleet Management Systems Marketby Automotive, 2018–2028(USD Billion)
19. Global Fleet Management Systems Marketby Energy & Utilities, 2018–2028(USD Billion)
20. Global Fleet Management Systems Marketby Manufacturing, 2018–2028(USD Billion)
21. Global Fleet Management Systems Marketby Retail, 2018–2028(USD Billion)
22. Global Fleet Management Systems Marketby Government Sector, 2018–2028(USD Billion)
23. Global Fleet Management Systems Marketby Construction, 2018–2028(USD Billion)
24. Global Fleet Management Systems Marketshare by Technology ,2020 and 2028 (USD Billion)
25. Global Fleet Management Systems Marketby GNSS, 2018–2028(USD Billion)
26. Global Fleet Management Systems Marketby Cellular Systems,  2018–2028(USD Billion)
27. Global Fleet Management Systems Marketshare, by Region, 2020 and 2028
28. North America Fleet Management Systems Market, 2018–2028(USD Billion)
29. Europe Fleet Management Systems Market, 2018–2028(USD Billion)
30. Asia Pacific Fleet Management Systems Market, 2018–2028(USD Billion)
31. Latin America Fleet Management Systems Market, 2018–2028(USD Billion)
32. The Middle East and Africa Fleet Management Systems Market, 2018–2028(USD Billion)


 


Table Of Tables

List of Tables

1. Global Fleet Management Systems Market: snapshot
2. Drivers of the Fleet Management Systems Market: impact analysis
3. North America Fleet Management Systems Marketrevenue, By Vehicle  ,2018–2028(USD Billion)
4. North America Fleet Management Systems Marketrevenue, By Component ,2018–2028(USD Billion)
5. North America Fleet Management Systems Marketrevenue, By End-Use Industry ,2018–2028(USD Billion)
6. North America Fleet Management Systems Marketrevenue, By Technology ,2018–2028(USD Billion)
7. The U.S. Fleet Management Systems Marketrevenue, By Vehicle  ,2018–2028(USD Billion)
8. The U.S. Fleet Management Systems Marketrevenue, By Component ,2018–2028(USD Billion)
9. The U.S. Fleet Management Systems Marketrevenue, By End-Use Industry ,2018–2028(USD Billion)
10. The U.S. Fleet Management Systems Marketrevenue, By Technology ,2018–2028(USD Billion)
11. Rest of North America Fleet Management Systems Marketrevenue, By Vehicle  ,2018–2028(USD Billion)
12. Rest of North America Fleet Management Systems Marketrevenue, By Component ,2018–2028(USD Billion)
13. Rest of North America Fleet Management Systems Marketrevenue, By End-Use Industry ,2018–2028(USD Billion)
14. Rest of North America Fleet Management Systems Marketrevenue, By Technology ,2018–2028(USD Billion)
15. Europe Fleet Management Systems Marketrevenue, By Vehicle  ,2018–2028(USD Billion)
16. Europe Fleet Management Systems Marketrevenue, By Component ,2018–2028(USD Billion)
17. Europe Fleet Management Systems Marketrevenue, By End-Use Industry ,2018–2028(USD Billion)
18. Europe Fleet Management Systems Marketrevenue, By Technology ,2018–2028(USD Billion)
19. UK Fleet Management Systems Marketrevenue, By Vehicle  ,2018–2028(USD Billion)
20. UK Fleet Management Systems Marketrevenue, By Component ,2018–2028(USD Billion)
21. UK Fleet Management Systems Marketrevenue, By End-Use Industry ,2018–2028(USD Billion)
22. UK Fleet Management Systems Marketrevenue, By Technology ,2018–2028(USD Billion)
23. France Fleet Management Systems Marketrevenue, By Vehicle  ,2018–2028(USD Billion)
24. France Fleet Management Systems Marketrevenue, By Component ,2018–2028(USD Billion)
25. France Fleet Management Systems Marketrevenue, By End-Use Industry ,2018–2028(USD Billion)
26. France Fleet Management Systems Marketrevenue, By Technology ,2018–2028(USD Billion)
27. Germany Fleet Management Systems Marketrevenue, By Vehicle  ,2018–2028(USD Billion)
28. Germany Fleet Management Systems Marketrevenue, By Component ,2018–2028(USD Billion)
29. Germany Fleet Management Systems Marketrevenue, By End-Use Industry ,2018–2028(USD Billion)
30. Germany Fleet Management Systems Marketrevenue, By Technology ,2018–2028(USD Billion)
31. Rest of Europe Fleet Management Systems Marketrevenue, By Vehicle  ,2018–2028(USD Billion)
32. Rest of Europe Fleet Management Systems Marketrevenue, By Component ,2018–2028(USD Billion)
33. Rest of Europe Fleet Management Systems Marketrevenue, By End-Use Industry ,2018–2028(USD Billion)
34. Rest of Europe Fleet Management Systems Marketrevenue, By Technology ,2018–2028(USD Billion)
35. Asia Pacific Fleet Management Systems Marketrevenue, By Vehicle  ,2018–2028(USD Billion)
36. Asia Pacific Fleet Management Systems Marketrevenue, By Component ,2018–2028(USD Billion)
37. Asia Pacific Fleet Management Systems Marketrevenue, By End-Use Industry ,2018–2028(USD Billion)
38. Asia Pacific Fleet Management Systems Marketrevenue, By Technology ,2018–2028(USD Billion)
39. China Fleet Management Systems Marketrevenue, By Vehicle  ,2018–2028(USD Billion)
40. China Fleet Management Systems Marketrevenue, By Component ,2018–2028(USD Billion)
41. China Fleet Management Systems Marketrevenue, By End-Use Industry ,2018–2028(USD Billion)
42. China Fleet Management Systems Marketrevenue, By Technology ,2018–2028(USD Billion)
43. Japan Fleet Management Systems Marketrevenue, By Vehicle  ,2018–2028(USD Billion)
44. Japan Fleet Management Systems Marketrevenue, By Component ,2018–2028(USD Billion)
45. Japan Fleet Management Systems Marketrevenue, By End-Use Industry ,2018–2028(USD Billion)
46. Japan Fleet Management Systems Marketrevenue, By Technology ,2018–2028(USD Billion)
47. India Fleet Management Systems Marketrevenue, By Vehicle  ,2018–2028(USD Billion)
48. India Fleet Management Systems Marketrevenue, By Component ,2018–2028(USD Billion)
49. India Fleet Management Systems Marketrevenue, By End-Use Industry ,2018–2028(USD Billion)
50. India Fleet Management Systems Marketrevenue, By Technology ,2018–2028(USD Billion)
51. Rest of Asia Pacific Fleet Management Systems Marketrevenue, By Vehicle  ,2018–2028(USD Billion)
52. Rest of Asia Pacific Fleet Management Systems Marketrevenue, By Component ,2018–2028(USD Billion)
53. Rest of Asia Pacific Fleet Management Systems Marketrevenue, By End-Use Industry ,2018–2028(USD Billion)
54. Rest of Asia Pacific Fleet Management Systems Marketrevenue, By Technology ,2018–2028(USD Billion)
55. Latin America Fleet Management Systems Marketrevenue, By Vehicle  ,2018–2028(USD Billion)
56. Latin America Fleet Management Systems Marketrevenue, By Component ,2018–2028(USD Billion)
57. Latin America Fleet Management Systems Marketrevenue, By End-Use Industry ,2018–2028(USD Billion)
58. Latin America Fleet Management Systems Marketrevenue, By Technology ,2018–2028(USD Billion)
59. Brazil Fleet Management Systems Marketrevenue, By Vehicle  ,2018–2028(USD Billion)
60. Brazil Fleet Management Systems Marketrevenue, By Component ,2018–2028(USD Billion)
61. Brazil Fleet Management Systems Marketrevenue, By End-Use Industry ,2018–2028(USD Billion)
62. Brazil Fleet Management Systems Marketrevenue, By Technology ,2018–2028(USD Billion)
63. Rest of Latin America Fleet Management Systems Marketrevenue, By Vehicle  ,2018–2028(USD Billion)
64. Rest of Latin  America Fleet Management Systems Marketrevenue, By Component ,2018–2028(USD Billion)
65. Rest of Latin America Fleet Management Systems Marketrevenue, By End-Use Industry ,2018–2028(USD Billion)
66. Rest of Latin America Fleet Management Systems Marketrevenue, By Technology ,2018–2028(USD Billion)
67. The Middle East and Africa Fleet Management Systems Marketrevenue, By Vehicle  ,2018–2028(USD Billion)
68. The Middle East and Africa Fleet Management Systems Marketrevenue, By Component ,2018–2028(USD Billion)
69. The Middle East and Africa Fleet Management Systems Marketrevenue, By End-Use Industry ,2018–2028(USD Billion)
70. The Middle East and Africa Fleet Management Systems Marketrevenue, By Technology ,2018–2028(USD Billion)
71. Saudi Arabia Fleet Management Systems Marketrevenue, By Vehicle  ,2018–2028(USD Billion)
72. Saudi Arabia Fleet Management Systems Marketrevenue, By Component ,2018–2028(USD Billion)
73. Saudi Arabia Fleet Management Systems Marketrevenue, By End-Use Industry ,2018–2028(USD Billion)
74. Saudi Arabia Fleet Management Systems Marketrevenue, By Technology ,2018–2028(USD Billion)
75. South Africa Fleet Management Systems Marketrevenue, By Vehicle  ,2018–2028(USD Billion)
76. South Africa Fleet Management Systems Marketrevenue, By Component ,2018–2028(USD Billion)
77. South Africa Fleet Management Systems Marketrevenue, By End-Use Industry ,2018–2028(USD Billion)
78. South Africa Fleet Management Systems Marketrevenue, By Technology ,2018–2028(USD Billion)
79. Rest of the Middle East & Africa Fleet Management Systems Marketrevenue, By Vehicle  ,2018–2028(USD Billion)
80. Rest of the Middle East & Africa Fleet Management Systems Marketrevenue, By Component ,2018–2028(USD Billion)
81. Rest of the Middle East & Africa Fleet Management Systems Marketrevenue, By End-Use Industry ,2018–2028(USD Billion)
82. Rest of the Middle East & Africa Fleet Management Systems Marketrevenue, By Technology ,2018–2028(USD Billion)

 
 

Methodology

Free Analysis

Fleet management is a managerial approach that benefits various companies to coordinate and organize vehicle transit to improve their efficiency, curtail transport costs, and comply with government norms and regulations. Fleet management systems are widely used for vehicle tracking and mechanical operations. Various vendors of fleet management systems offer telematics, such as GLONASS, GPS, and GALILEO. These systems providers are focusing on integrating with artificial intelligence (AI) to curtail autonomous vehicle accidents.

Fleet management systems help construction organizations to track the location of heavy machines during transit. In 2016, the global construction output was USD 8.8 trillion in comparison to USD 7.9 trillion in 2012. In 2018, the global construction organizations turnover is estimated to grow by almost 3.2% in comparison to 2.4% in 2017. Thus, it is expected that the construction industry’s growth will fuel the fleet management systems market during the estimated timeframe. Growing number of cyber-attacks might limit the fleet management systems market in the future. However, increasing use of artificial intelligence (AI) in various sectors might open new avenues for the fleet management systems market in the upcoming years.

Global Fleet Management Systems Market

The fleet management systems market is divided into vehicle, component, technology, and end-use industry. Based on the vehicle, the global fleet management systems market is segmented into the commercial vehicle, aircrafts, railways, and watercrafts. Commercial vehicles are projected to hold a significant market share during the forecast timeframe, due to the increasing demand for online car rental services. Moreover, increasing investments made by car rental service providers, such as Ola and Uber, in autonomous vehicles is likely to drive this market segment. By end-use industry, this market includes automotive, energy and utilities, manufacturing, retail, government sector, construction, and others. The government sector is anticipated to grow substantially in the estimated time period, due to growing investments in technology for defense applications.

The Asia Pacific is likely to hold a considerable share of the global fleet management systems market in the upcoming years, due to technological advancements made in developing countries, such as China and India. Furthermore, giant automotive manufacturers, such as Volkswagen, Ford, etc., are planning to set up their manufacturing plants in China, India, and Taiwan. This, in turn, is anticipated to further fuel this regional market’s expansion.

Certain players operating in the global fleet management systems market are TomTom N.V., Navico, MiTAC International Corporation, AT&T Inc., Fleetmatics Group PLC, IBM Corporation, Freeway Fleet Systems, I.D. Systems, Telogis, Cisco Systems, Inc., ABB, and Honeywell International Inc., among others.

Choose License Type

FrequentlyAsked Questions

Surge in acceptance of wireless technology, rise in global trade, and necessity of improving operational efficiency in fleet management activities will steer growth of fleet management systems market. Escalating need of enhancing fleet efficacy and massive use of vehicle telematics by fleet operators will proliferate size of fleet management systems industry. In addition to this, increase in acceptance of cloud computing & analytics, reduction in costs of hardware & IoT connectivity, necessity of improving operational proficiency, and favorable government mandates will spur fleet management systems industry growth. Many of fleet firms are adopting green initiatives for reducing         ecological impact and improving fleet efficiency, thereby driving market trends.

Furthermore, introduction of new technology and entry of new firms in industry is projected to amplify expansion of fleet management systems market size.      

According to Zion market research report, the global Fleet Management Systems Market accrued earnings worth approximately 30.01 (USD Billion) in 2020 and is predicted to gain revenue of about 50.11 (USD Billion) by 2028, is set to record a CAGR of nearly 20.3% over the period from 2021 to 2028.

North America will contribute lucratively towards the global market earnings over the projected timeline. The regional market surge is subject to use of connected systems as well as connected vehicle tools for addressing concerns pertaining to vehicle tracking. Surge in online banking & payment solution firms in region along with launching of new payment services for vehicle fleets will steer growth of fleet management systems market in North America. Rise in presence of firms such as The Boeing Company, Airbus SE, and Bombardier Inc. will create lucrative avenues for fleet management systems industry in North America over forecasting timeline.

The key market participants include Cisco Systems, Inc., ABB Ltd., TomTom N.V., Telogis, Navico, MiTAC International Corporation, AT&T Inc., Fleetmatics Group PLC, IBM Corporation, Freeway Fleet Systems, I.D. Systems, and Honeywell International Inc. 

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