Smart Fleet Market Size, Trends, Analysis, Demand, Outlook and Forecast to 2026
Posted: Oct 27, 2018
Global Smart Fleet Market Research Report 2018 contains historic data that spans 2012 to 2016, and then continues to forecast to 2026. That makes this report so invaluable, resources, for the leaders as well as the new entrants in the Industry Research details developments in the Report with Detailed Analysis of Key Companies Capacity, Production, Revenue, Price and Gross Margin
According to a new research published by Polaris Market Research the worldwide Smart Fleet market is anticipated to reach around USD 629.5 billion by 2026. In 2017, the automotive segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global Smart Fleet market.
The increasing need to track and monitor fleets to increase operational efficiency, and reduce costs drives the Smart Fleet Market growth. Organizations are increasingly adopting smart fleet systems to increase efficiency, and manage high volume of fleets. The growing need for high speed networks further accelerates the adoption of smart fleet systems. Other factors driving the market growth include growing need to reduce operational costs, increase profitability, and avoid road congestions and accidents. New emerging markets, increasing need to monitor driver behavior, and growing safety concerns are factors expected to influence the market in the coming years.
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North America is expected to lead the global Smart Fleet market during the forecast period. Significant investment by organizations to improve the fleet operations coupled with favorable regulations regarding transportation safety drive the growth of smart fleet in this region. Technological advancement and introduction of advanced smart fleet systems by the market players has increased the acceptance of smart fleet systems in the region.
Asia-Pacific Smart Fleet Market is expected to grow at the highest CAGR during the forecast period. This is due to economic growth in countries such as China and India, and increasing investments in increasing fleet efficiency. Expansion of global players into these countries to tap market potential boosts the market growth.
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The various mode of transportation covered in the report include automotive, rolling stock, and marine. Use of smart fleet solutions in automotive sector offers remote monitoring, fuel management, remote diagnostics, and route optimization among other functionalities. Increasing safety concerns, and government regulations regarding vehicular emissions support the growth of this segment.
The well-known companies profiled in the report include Cisco Systems, Inc., Robert Bosch GmbH, Denso Corporation, Sierra Wireless, Inc., Orbcomm, Inc., Siemens AG, Zonar Systems, Inc., IBM Corporation, Continental AG, OTTO Marine Limited, Harman International Industries, Inc., Globecomm Systems, Inc., and Globecomm Systems, Inc. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
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About us Polaris Market Research
Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.