Smart Fleet Management
Atul Kumar Team Lead, MarketsandMarkets Atul Kumar has 5+ years’ experience in Primary & Secondary Market Research, Business Analysis, Market Trend Mapping & Forecast, and Compe ve Intelligence etc. Presently he is associated with MarketsandMarkets as Sr. Research Analyst for Automobile & Transporta on research prac ce.
leet management is gaining momentum in the industry as fleet operators require real- me tracking, driver management, scheduling of maintenance, servicing of vehicles, vehicle health op miza on, and others. These features have helped fleet operators to track lost or stolen cargo and effec vely address issues related to it. Also, there have been advancements in overthe-air (OTA) security.
fatali es, help save fuel, and increase efficiency. The market for connec vity technologies is on the rise, and regulatory bodies in Europe and North America are planning to mandate some of these technologies. For example, in Europe, eCall has been mandated for all the new vehicles in the near future. Smart fleet management solu ons are used across various modes of transporta on ranging from commercial vehicles, vessel maintenance, tracking of railcars, and others. The fleet management technology enhances transparency and enables real- me visibility of fleet movement, fuel management, vehicle maintenance, diagnos cs, driver management, and realme monitoring. Further, it enhances the safety of vehicles and offers cloud storage facili es and data analy cs, which would collec vely contribute to the growth of the market. Real- me monitoring is es mated to have the highest growth poten al in the global fleet management market. It is projected to grow at a promising CAGR from 2017 to 2022. This growth can be a ributed to the proven benefits of the system in transport safety.
Fleet Management Major Components The smart fleet management market can be segmented into Global Posi oning System (GPS), geo-fencing, fuel sensors, advanced driver assistance systems (ADAS), and remote diagnos cs.
The market has a promising growth poten al for several reasons, including the increasing demand for safety and security in container management and railways. In the automo ve sector, fleet management helps to minimize the risks associated with labor, equipment, and vehicle maintenance cost.
With the increased use of internet and recent developments in connec vity, there has been an increased demand for fleet management to ensure vehicle safety and cut down the idle me. The fleet management solu on providers offer an integra on of in-vehicle devices with mul ple so ware and services to reduce the turnaround me and increase overall profitability for the operator. The fleet management works on the principle of “Being Connected.” The short range connec vity technology is used to share informa on regarding traffic jams, posi on, and best possible route and helps in avoiding collisions. There is increased demand for developing systems that will contribute toward reduc on of traffic PG.24 | Smart Automo ve | Sep - Oct 2017
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