Vehicle Fleet Communication Market Insights and Major Trends Encouraging Growth until the End of 202
A vehicle fleet communication system is formed by the integration of software, hardware and communication technologies.
[USPRwire, Tue May 14 2019] 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.
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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.
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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.
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
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.
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.
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