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Market Snapshot

CAGR:5.75

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	5.75

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Report Overview

The Smart Fleet-on-board Devices Market is poised for substantial growth, with a projected CAGR of 11.76% between 2022 and 2032. The market size is expected to expand by USD 5,327.49 million during this period. The growth of the market is driven by the increasing adoption of telematics solutions in the transportation and logistics industry, the need for efficient fleet management, and advancements in IoT technologies.

Market Overview:

Drivers:

The transportation and logistics industry is undergoing a digital transformation, and smart fleet-on-board devices play a pivotal role in optimizing fleet operations. These devices offer real-time tracking, remote diagnostics, driver behavior analysis, and route optimization, leading to improved operational efficiency and reduced operational costs.

Moreover, regulatory mandates related to road safety and environmental sustainability are driving the adoption of smart fleet-on-board devices. Governments around the world are enforcing regulations that require commercial vehicles to be equipped with telematics solutions to monitor and report data such as vehicle location, speed, and emissions.

Trends:

The integration of AI and machine learning (ML) into smart fleet-on-board devices is a significant trend. AI-powered analytics can process large volumes of data generated by fleet vehicles and provide actionable insights. ML algorithms can predict maintenance needs, analyze driver behavior patterns, and optimize routes based on historical data.

Furthermore, the evolution of 5G technology is impacting the smart fleet-on-board devices market. 5G connectivity offers faster data transmission, low latency, and the capacity to connect a higher number of devices simultaneously. This enables real-time communication between fleet vehicles and centralized management systems.

Restraints:

Data security and privacy concerns are key restraints in the Smart Fleet-on-board Devices Market. The connectivity of fleet vehicles to central systems and the cloud exposes them to potential cyber threats. Ensuring the security of sensitive data and preventing unauthorized access is a challenge.

Additionally, the initial investment required for implementing smart fleet-on-board devices can be a barrier for some fleet operators, especially smaller ones with limited budgets. The costs of hardware, installation, and training can be significant.

Smart Fleet-on-board Devices Market Segmentation by Application:

The vehicle tracking and monitoring segment is anticipated to witness significant growth during the forecast period. Vehicle tracking and monitoring solutions provide real-time location data, vehicle health status, and driver behavior insights.

Smart Fleet-on-board Devices Market Segmentation by Type:

The advanced driver assistance system (ADAS) segment is expected to experience strong growth in the Smart Fleet-on-board Devices Market. ADAS technologies such as collision avoidance, lane departure warning, and adaptive cruise control enhance driver safety and reduce accidents.

Regional Overview:

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North America is expected to lead the global Smart Fleet-on-board Devices Market, driven by its mature transportation industry and the adoption of technology-driven solutions. The region's focus on reducing accidents and improving road safety through telematics solutions contributes to market growth.

Moreover, Europe is projected to experience substantial growth due to stringent emissions regulations and a strong emphasis on sustainable transportation practices.

Smart Fleet-on-board Devices Market Customer Landscape:

The report includes insights into the customer landscape, identifying industries and sectors that extensively use smart fleet-on-board devices. It outlines customer requirements, such as real-time tracking, driver behavior analysis, and integration with existing fleet management systems.

Major Smart Fleet-on-board Devices Market Companies:

Companies in the Smart Fleet-on-board Devices Market are adopting strategies such as partnerships, collaborations, and technological advancements to strengthen their market position.

Sample companies in the Smart Fleet-on-board Devices Market include:

Trimble Inc.
Omnitracs LLC
Geotab Inc.
Verizon Connect
Teletrac Navman US Ltd.
MiX Telematics International (Pty) Ltd.
TomTom International BV
Fleet Complete
I.D. Systems, Inc.
Zonar Systems, Inc. (a Continental AG company)

Segment Overview:

The Smart Fleet-on-board Devices Market report provides revenue forecasts at global, regional, and country levels, analyzing trends and opportunities from 2019 to 2032.

Application Outlook (USD Million, 2019 - 2032)

Vehicle Tracking and Monitoring
Driver Behavior Analysis
Route Optimization
Fuel Management
Others

Type Outlook (USD Million, 2019 - 2032)

Advanced Driver Assistance System (ADAS)
Telematics Control Unit (TCU)
Electronic Logging Device (ELD)
Others

Geography Outlook (USD Million, 2019 - 2032)

North America

The U.S.
Canada

Europe

U.K.
Germany
France
Rest of Europe

APAC

China
Japan

South America

Brazil
Argentina
Rest of South America

Middle East & Africa

UAE
South Africa
Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Smart Fleet-on-board Devices MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Smart Fleet-on-board Devices MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Smart Fleet-on-board Devices Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. Smart Fleet-on-board Devices MARKET BY technology landscape

SIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 GPS

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 GSM/GPRS

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Smart Fleet-on-board Devices MARKET BY Application INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 Buses

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 Trains

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Smart Fleet-on-board Devices MARKET REGIONAL OUTLOOK

7.1. Smart Fleet-on-board Devices Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Smart Fleet-on-board Devices Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.2. North America Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Smart Fleet-on-board Devices Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Smart Fleet-on-board Devices Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Smart Fleet-on-board Devices Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Smart Fleet-on-board Devices Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Smart Fleet-on-board Devices Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Smart Fleet-on-board Devices Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Smart Fleet-on-board Devices Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Smart Fleet-on-board Devices Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Smart Fleet-on-board Devices Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Smart Fleet-on-board Devices Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Smart Fleet-on-board Devices Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Smart Fleet-on-board Devices Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Smart Fleet-on-board Devices Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Smart Fleet-on-board Devices Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Smart Fleet-on-board Devices Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 Televic N.V

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2 Xerox Corporation

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3 Trapeze Software Inc. (Constellation Software Inc)

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4 Cubic Transportation Systems Limited

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5 Clever Devices Ltd

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6 Company 6

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7 Company 7

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8 Company 8

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9 Company 9

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

9.10 Company 10

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Smart Fleet On Board Devices Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032