Global Fleet Telematics Systems Market 2024-2028
The fleet telematics systems market is forecasted to grow by USD 88.48 bn during 2023-2028, accelerating at a CAGR of 23.87% during the forecast period. The report on the fleet telematics systems market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing developments in oem-installed fleet telematics systems, an increase in demand for advanced diagnostic technology in fleet telematics, and the integration of video-based safety systems in fleet telematics for tracking driver behavior.
Technavio's fleet telematics systems market is segmented as below:
By Type
- Aftermarket fleet telematics systems
- OEM fleet telematics systems
By Component
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the increase in adoption of IoT and fleet management telematics technologies as one of the prime reasons driving the fleet telematics systems market growth during the next few years. Also, adoption of 5g technology to gain prominence and growing adoption of telematics in autonomous vehicles will lead to sizable demand in the market.
The report on the fleet telematics systems market covers the following areas:
- Fleet telematics systems market sizing
- Fleet telematics systems market forecast
- Fleet telematics systems market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading fleet telematics systems market vendors that include AT and T Inc., Bridgestone Corp., Continental AG, Danaher Corp., Fleet Complete, Garmin Ltd., Geotab Inc., Inseego Corp., KORE Group Holdings Inc., Liebherr International Deutschland GmbH, Michelin Group, Microlise Group Plc, MiX Telematics Ltd., Robert Bosch GmbH, Solera Holdings LLC, Trimble Inc., Verizon Communications Inc., Zoho Corp. Pvt. Ltd., Actsoft Inc., and Sprint Group Holdings Ltd.. Also, the fleet telematics systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.