Global Vehicle Fleet Communication Market: Introduction
A vehicle fleet communication system is formed by the integration of software, hardware and communication technologies. It provides a platform for fleet operators to efficiently monitor, control and track commercial vehicles so as to reduce the non-value added efforts of operators and improve overall operational efficiency. A vehicle fleet communication system also comprises fuel cards and driver safety systems, in which driver safety systems monitor driver behavior and fuel cards perform the operation of fuel management. Other solutions are employed in vehicle fleet communication systems for driver navigation assistance, tracking or locating vehicles and ensuring that the operators meet the regulatory standard set by their respective governments.
With the help of vehicle fleet communication systems, mobile phones can be integrated with vehicles, which would enable users to wirelessly sync key vehicle data including performance, health checks and mileage. An efficient vehicle fleet communication system requires a lucrative operation management system, which can perform all processes with minimal errors. An efficient vehicle fleet communication system includes asset management, driver safety, two-way communication, vehicle and driver tracking, aftersales services, time management, customer relationship management and others.
Global Vehicle Fleet Communication Market: Drivers and Challenges
Vehicle fleet communication systems help track vehicles on a real-time basis and provide accurate information on the optimized route and amount of fuel used. A vehicle fleet communication solution can enable remote monitoring and management of operations such as remote diagnostics, predictive maintenance and vehicle idle time. Thus, such operational benefits provided by vehicle fleet communication solutions are expected to fuel the demand growth during the forecast period. Moreover, the vehicle fleet communication solution provides short range communication technology, which allows vehicle to vehicle and vehicle to infrastructure communication within a short range. This short range communication acts as a key factor boosting the growth of the vehicle fleet communication system market. Moreover, government organizations of various countries have implemented certain rules and regulations to improve and enhance the performance in vehicle fleet communication market. Thus the mandatory government regulations for safety of citizens is another factor driving the growth of the vehicle fleet communication market.
Global Vehicle Fleet Communication Market: Segmentation
The vehicle fleet communication market can be segmented on the basis of vehicle type, communication technology, vertical and region.
The vehicle fleet communication market has been segmented on the basis of vehicle type as,
- Light commercial vehicle
- Heavy commercial vehicle
The vehicle fleet communication market has been segmented on the basis of communication technology as,
- GNSS (Satellite)
- Cellular system
The vehicle fleet communication market has been segmented on the basis of vertical as,
- Transportation & Logistics
Global Vehicle Fleet Communication Market: Competition Landscape
Examples of some of the market participants in the global vehicle fleet communication market identified across the value chain include IBM Corporation, Navico, AT&T Inc., Fleetmatics Group PLC, MiTAC International Corporation, TomTom N.V., I.D. Systems, Cisco Systems, Inc., Telogis, and Freeway Fleet Systems.
Global Vehicle Fleet Communication Market: Regional Outlook
The vehicle fleet communication market has been segmented into North America, Latin America, Europe, CIS & Russia, Japan, APEJ, and Middle East & Africa. North America is anticipated to hold the largest market share in the vehicle fleet communication market, due to the high adoption of advanced technological products and rules and regulations implemented by the government in the region. The demand for vehicle fleet communication is anticipated to grow significantly in Europe and APEJ, owing to the increasing sales of fleet vehicles in these regions. Also, Latin America and Middle East & Africa vehicle fleet communication markets exhibit high potential for growth in the near future, due to the rise in GDP, urbanization and adoption of telematics in these regions.
The report covers exhaustive analysis on,
- Market Segments
- Market Dynamics
- Historical Actual Market Size, 2013 – 2017
- Market Size & Forecast, 2018 to 2028
- Value Chain
- Market Current Trends/Issues/Challenges
- Competition & Companies Involved
- Market Drivers and Restraints
Regional analysis includes,
- North America
- Latin America
- Rest of LatAm
- EU – 4 (Germany, France, Italy, Spain)
- BENELUX (Belgium, Netherlands, Luxemburg)
- NORDIC (Norway, Denmark, Iceland, Sweden)
- Eastern Europe (Poland, Ukraine, Czech Rep., etc.)
- Rest of Europe
- CIS & Russia
- Greater China
- ASEAN Countries
- Rest of APEJ
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of MEA
The report is a compilation of first-hand information, qualitative & quantitative assessment by industry analysts, as well as inputs from industry experts & industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of parent market
- Changing market dynamics of the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance
- Must-have information for market players to sustain and enhance their market footprint
Fact.MR offers custom research services that help clients to get specific research solutions