Dublin, July 12, 2024 (GLOBE NEWSWIRE) -- The "Fleet Telematics Systems - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for Fleet Telematics Systems was valued at an estimated US$44.8 Billion in 2023 and is projected to reach US$158.9 Billion by 2030, growing at a CAGR of 19.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the fleet telematics market is driven by several factors, including technological advancements, the expansion of e-commerce, and shifts in consumer behavior towards faster delivery services. Innovations in IoT and machine learning have improved the precision and variety of data collected, enabling more nuanced analyses of fleet operations and driver habits. As e-commerce continues to expand, there is a corresponding increase in the demand for efficient logistics solutions to manage delivery times and optimize supply chains effectively.
Additionally, consumer expectations for quicker, more reliable delivery services are influencing fleet operators to invest in telematics to enhance route planning and real-time tracking capabilities. Together, these drivers are not only pushing the boundaries of traditional fleet management but are also creating new opportunities for growth within the telematics industry.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Active Fleet Telematics segment, which is expected to reach US$106.8 Billion by 2030 with a CAGR of a 20.6%. The Passive Fleet Telematics segment is also set to grow at 18.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $12.2 Billion in 2023, and China, forecasted to grow at an impressive 27.6% CAGR to reach $41.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Key Questions Answered:
- How is the Global Fleet Telematics Systems Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Bosch Rexroth AG, Fleet-Complete, Garmin Ltd., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors Featured:
- Bosch Rexroth
- Fleet-Complete
- Garmin Ltd.
- Geotab, Inc.
- Inseego Corporation
- KORE Wireless Group, Inc.
- Microlise Ltd.
- MiX Telematics
- Octo Telematics SpA
- Solera Holdings, Inc.
- Sprint Group Holdings Ltd.
- Trimble Transportation
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 256 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $44.8 Billion |
| Forecasted Market Value (USD) by 2030 | $158.9 Billion |
| Compound Annual Growth Rate | 19.8% |
| Regions Covered | Global |
Key Topics Covered:
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Fleet Telematics Systems - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Integration of IoT and Connectivity Solutions Drives Fleet Management Innovation
- Rising Fuel Prices Propel Adoption of Telematics for Cost Reduction
- The Impact of Global Logistics Expansion on Fleet Telematics Demand
- Growing Environmental Concerns Amplify Need for Eco-Friendly Fleet Operations
- Advancements in AI and Machine Learning Enhance Telematics Capabilities
- Rapid Urbanization Throws the Spotlight on Smart City Logistics and Telematics Solutions
- The Rise of Autonomous Vehicles Shapes Future Telematics Systems
- Expansion of Real-Time Data Analytics Accelerates Fleet Operational Efficiency
- Impact of 5G Deployment on Enhanced Fleet Communication Networks
4. GLOBAL MARKET PERSPECTIVE
For more information about this report visit https://www.researchandmarkets.com/r/t8svxs
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