LONDON–(BUSINESS WIRE)–Technavio has been monitoring the fleet telematics systems market and it is poised to grow by $38.8 bn during 2020-2024, progressing at a CAGR of almost 23% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19
Frequently Asked Questions:
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What are the major trends in the market?
The integration of fleet telematics systems with video-based safety system precisely tracks to track driver behavior is a major trend driving the growth of the market. -
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 22.44% and the incremental growth of the market is anticipated to be $ 38.8 bn. -
Who are the top players in the market?
AT&T Inc., Bridgestone Corp., Continental AG, Geotab Inc., Michelin Group, Microlise Group Ltd., Omnitracs LLC, Samsung Electronics Co. Ltd., Trimble Inc., and Verizon Communications Inc. are some of the major market participants. -
What is the key market driver?
The benefits in terms of cost savings is one of the major factors driving the market. -
How big is the North America market?
The North America region will contribute 32% of the market share.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AT&T Inc., Bridgestone Corp., Continental AG, Geotab Inc., Michelin Group, Microlise Group Ltd., Omnitracs LLC, Samsung Electronics Co. Ltd., Trimble Inc., and Verizon Communications Inc. are some of the major market participants. The benefits in terms of cost savings will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Fleet Telematics Systems Market 2020-2024: Segmentation
Fleet Telematics Systems Market is segmented as below:
-
Type
- Aftermarket Fleet Telematics Systems
- OEM Fleet Telematics Systems
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Geographic Landscape
- North America
- Europe
- APAC
- South America
- MEA
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Fleet Telematics Systems Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The fleet telematics systems market report covers the following areas:
- Fleet Telematics Systems Market Size
- Fleet Telematics Systems Market Trends
- Fleet Telematics Systems Market Industry Analysis
This study identifies the integration of fleet telematics systems with video-based safety system precisely tracks to track driver behavior as one of the prime reasons driving the fleet telematics systems market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Fleet Telematics Systems Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist fleet telematics systems market growth during the next five years
- Estimation of the fleet telematics systems market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the fleet telematics systems market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of fleet telematics systems market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by Type placement
- Aftermarket fleet telematics systems – Market size and forecast 2019-2024
- OEM fleet telematics systems – Market size and forecast 2019-2024
- Market opportunity by Type
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver – Demand led growth
- Volume driver – Supply led growth
- Volume driver – External factors
- Volume driver – Demand shift in adjacent markets
- Price driver – Inflation
- Price driver – Shift from lower to higher priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- AT&T Inc.
- Bridgestone Corp.
- Continental AG
- Geotab Inc.
- Michelin Group
- Microlise Group Ltd.
- Omnitracs LLC
- Samsung Electronics Co. Ltd.
- Trimble Inc.
- Verizon Communications Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
