Global Smart Fleet Management Market Trends, Demand and Forecast To 2023

Posted by Rishikesh Kurane on February 20th, 2019

Global Smart Fleet Management Market

The growth of the Asia Pacific region can be attributed to the increase in adoption of passenger cars. This is expected to the increase adoption of smart fleet management in the passenger cars. The recent shift in the preference from mileage to looks and features, is also expected to result in high demand of smart fleet management systems. The global smart fleet management market is also expected to grow during the forecast period owing to increasing population, rapid industrialization and aggressive expansion of manufacturing sector. The demand for smart fleet management is largely dependent on vehicle production in developing countries such as India and China. The growth in vehicle production, which would also push the demand for smart fleet management.   

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, 

Get Details Information of Smart Fleet Management Market @ 

Market Research Analysis:

The market for smart fleet management is expected to grow with an increase in demand for automobile, majorly in the United States. There is an immense demand of commercial vehicles in United States. With the increase in demand of commercial vehicles, there is a subsequent increase in demand for smart fleet management market. The growth of North America market is also driven by the adoption of converted mobile homes in the U.S. Existence of major manufacturers in this region combined with availability of sophisticated technologies, enables the smart fleet management market to flourish in this region. North America is a mature economy as far as investment in automotive industry is concerned. Automotive industry is expecting huge investment by several giants due to the rising demand for passenger cars.

Global Smart Fleet Management Market Segmentation

Globally, the market for smart fleet management has fragmented due to the presence of regional and global vendors. The market has been segmented based on transportation, connectivity, hardware, solution, and region.

The market has been segmented into automotive, rolling stock, and marine, based on transportation. Among these, the automotive segment is estimated to expand over the assessment period due to the growing adoption of roadways for international and domestic airport.

The market has been segmented into tracking, optimization, ADAS, and diagnostic based on hardware. Among these, the ADAS systems segmentation is expected to showcase a significant growth rate due to the high adoption of such systems in passenger cars, especially in regions like Europe and North America. Governments in the Asia Pacific region like China and India are focusing on mandating such systems to enhance the safety of passengers.

The market has been segmented into cloud, short-range communication, and long-range communication based on connectivity. The vendors are focused on providing cloud solutions to their customers with the increasing advancements in cloud technology.

The market has also been segmented into fleet optimization and vehicle tracking based on solution. Fleet operators are leveraging the emergence of Internet of Things by equipping vehicles with wireless technology to improve scalability and connectivity. This is further predicted to boost the market in the coming years.

Asia Pacific to Provide Huge Opportunities

Geographically, the smart fleet management market has been spanned across North America, Europe, Asia Pacific, and Middle East and Africa. Among these, the Asia Pacific region is anticipated to provide huge opportunities to the smart fleet management market. Strict government mandates coupled with improving infrastructure and transportation facilities are expected to drive the market in this region. The China and Indian government authorities encourage equipment manufacturers to implement such systems in vehicles in order to enhance the safety of the drivers. Moreover, the improving socio-economic conditions in Thailand, India, and Indonesia have led to the increasing demand for premium segment fleets which is anticipated to impact the market growth positively over the forecast period.

Regions like Europe and North America are also anticipated to witness a rapid growth during the assessment period. Presence of major manufacturers coupled with sophisticated technology offers solid base for smart fleet management firms in these regions. The R&D activities and technological developments in Europe and North America are expected to provide opportunities for the market to expand at a rapid pace. Moreover, the established automotive industry also aids in the growth of the market in these regions. Also, the increasing number of commercial fleets in the US and Europe widens the customer base to house major manufactures for smart fleet management system.

Industry News

Zonar, the leader in smart fleet management technology has announced a program which enables technology solution providers to sell Zonar solutions to schools and business. Authorized resellers can support and sell Zonar solutions, thus creating new opportunities for partners.

Competition Analysis

The prominent players operating the market growth for smart fleet management are Cisco Systems Inc., Harman International Industries Inc., Globecomm Systems Inc., IBM Corporation, Precious Shipping Co. Ltd., Continental AG, Sierra Wireless Inc., Calamp Corp., Siemens AG, Robert Bosch GmbH., Denso Corporation, OTTO Marine Ltd., and more.

Get More Information of Smart Fleet Management Market @ 


About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.


Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

+1 646 845 9312

Like it? Share it!

Rishikesh Kurane

About the Author

Rishikesh Kurane
Joined: May 4th, 2018
Articles Posted: 1,128

More by this author