The North America smart fleet management market is forecasted to register a CAGR of 7.13% during the estimated years of 2021 to 2028. The market growth of the region is influenced by factors such as the advent and integration of the Internet of Things (IoT) and information, communication, and technology into automobiles, the initiatives introduced by the government, and the increasing demand for smart transportation.
NORTH AMERICA SMART FLEET MANAGEMENT MARKET FORECAST 2021-2028
North America Smart Fleet Management Market by Connectivity (Short-range, Long-range, Cloud) Market by Transportation Mode (Roadways, Marine, Airways, Railways) Market by Application (ADAS, Tracking, Optimization, Fuel Cards, Automatic Vehicle Identification) by Geography.
The North America smart fleet management market is forecasted to register a CAGR of 7.13% during the estimated years of 2021 to 2028. The market growth of the region is influenced by factors such as the advent and integration of the Internet of Things (IoT) and information, communication, and technology into automobiles, the initiatives introduced by the government, and the increasing demand for smart transportation.
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The North America smart fleet management market growth assessment entails the evaluation of the United States and Canada. The construction industry has been on a steady rise in the United States. Besides, as per the data issued by the United States Census Bureau, the country’s construction expenditure in 2017 was 3% more than the rate in 2016, equating to a seasonally adjusted rate of around $1.1 billion. Moreover, there has been a substantial increase in the employment of workers within the United States’ construction industry. As a result, this growth is anticipated to augment the adoption of fleet vehicles for completing construction endeavors, thereby bolstering the demand for smart fleet management solutions.
On the other hand, companies such as I.D. Systems Inc launched the PowerFleet Essence, a new category of industrial truck telematics platforms targeted at small and medium-sized fleets, utilized in distribution, logistics, retail centers, as well as manufacturing. Hence, these factors are set to drive the North America smart fleet management market over the forecasting period.
I.D. Systems Inc, headquartered in the United States, develops, markets, and distributes wireless machine-to-machine (M2M) solutions to control, secure, track, and manage value enterprise assets. The firm uses wireless communication technologies including radio frequency identification (RFID), Wi-Fi, satellite, and cellular, proprietary software, as well as sensor technology for streamlining corporate assets like dry van trailers, chassis, airport ground support equipment, forklifts, intermodal containers, and others.
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- MARKET DYNAMICS
- KEY DRIVERS
- RISING NEED FOR STREAMLINING FLEET MANAGEMENT
- GROWING CONCERNS ABOUT VEHICLE SAFETY, SECURITY, AND EMISSION
- INTRODUCTION OF CONNECTED TECHNOLOGIES IN VEHICLES
- KEY RESTRAINTS
- SLOWER ADOPTION RATE AMONG SMALL FLEET OWNERS
- HIGH COST OF FLEET MANAGEMENT SYSTEMS
- CYBERSECURITY THREATS
- KEY DRIVERS
- KEY ANALYTICS
- IMPACT OF COVID-19 ON SMART FLEET MANAGEMENT MARKET
- KEY MARKET TRENDS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- VALUE CHAIN ANALYSIS
- COMPONENTS/SMART DEVICES PROVIDERS
- NETWORK OPERATORS AND SERVICE ENABLERS
- SYSTEM INTEGRATORS AND SERVICE PROVIDERS
- END-USERS
- REGULATORY FRAMEWORK
- MARKET BY CONNECTIVITY
- SHORT-RANGE
- LONG-RANGE
- CLOUD
- MARKET BY TRANSPORTATION MODE
- ROADWAYS
- MARINE
- AIRWAYS
- RAILWAYS
- MARKET BY APPLICATION
- ADAS
- TRACKING
- OPTIMIZATION
- FUEL CARDS
- AUTOMATIC VEHICLE IDENTIFICATION
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED STATES
- CANADA
- NORTH AMERICA
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- MERGERS & ACQUISITIONS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- BUSINESS EXPANSIONS/DIVESTITURES
- COMPANY PROFILES
- CISCO SYSTEMS INC
- CONTINENTAL AG
- DENSO CORPORATION
- D. SYSTEMS INC (POWERFLEET INC)
- INTERNATIONAL BUSINESS MACHINES CORPORATION
- OMNITRACS LLC
- ORBCOMM INC
- ROBERT BOSCH GMBH
- SIEMENS AG
- SIERRA WIRELESS INC
- TECH MAHINDRA LIMITED
- ZONAR SYSTEMS INC
- KEY STRATEGIC DEVELOPMENTS
TABLE LIST
TABLE 1: MARKET SNAPSHOT – SMART FLEET MANAGEMENT
TABLE 2: REGULATORY FRAMEWORK: FLEET MANAGEMENT
TABLE 3: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY CONNECTIVITY, HISTORICAL YEARS, 2016-2020 (IN $ BILLION)
TABLE 4: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY CONNECTIVITY, FORECAST YEARS, 2021-2028 (IN $ BILLION)
TABLE 5: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY TRANSPORTATION MODE, HISTORICAL YEARS, 2016-2020 (IN $ BILLION)
TABLE 6: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY TRANSPORTATION MODE, FORECAST YEARS, 2021-2028 (IN $ BILLION)
TABLE 7: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2020 (IN $ BILLION)
TABLE 8: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY APPLICATION, FORECAST YEARS, 2021-2028 (IN $ BILLION)
TABLE 9: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ BILLION)
TABLE 10: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ BILLION)
TABLE 11: LEADING PLAYERS OPERATING IN THE NORTH AMERICA SMART FLEET MANAGEMENT MARKET
TABLE 12: LIST OF MERGERS & ACQUISITIONS
TABLE 13: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 14: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 15: LIST OF BUSINESS EXPANSIONS/DIVESTITURES
FIGURE LIST
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER’S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: VALUE CHAIN ANALYSIS
FIGURE 6: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, GROWTH POTENTIAL, BY CONNECTIVITY, IN 2020
FIGURE 7: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY SHORT-RANGE, 2021-2028 (IN $ BILLION)
FIGURE 8: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY LONG-RANGE, 2021-2028 (IN $ BILLION)
FIGURE 9: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY CLOUD, 2021-2028 (IN $ BILLION)
FIGURE 10: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, GROWTH POTENTIAL, BY TRANSPORTATION MODE, IN 2020
FIGURE 11: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY ROADWAYS, 2021-2028 (IN $ BILLION)
FIGURE 12: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY MARINE, 2021-2028 (IN $ BILLION)
FIGURE 13: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY AIRWAYS, 2021-2028 (IN $ BILLION)
FIGURE 14: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY RAILWAYS, 2021-2028 (IN $ BILLION)
FIGURE 15: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2020
FIGURE 16: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY ADAS, 2021-2028 (IN $ BILLION)
FIGURE 17: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY TRACKING, 2021-2028 (IN $ BILLION)
FIGURE 18: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY OPTIMIZATION, 2021-2028 (IN $ BILLION)
FIGURE 19: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY FUEL CARDS, 2021-2028 (IN $ BILLION)
FIGURE 20: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY AUTOMATIC VEHICLE IDENTIFICATION, 2021-2028 (IN $ BILLION)
FIGURE 21: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 22: UNITED STATES SMART FLEET MANAGEMENT MARKET, 2021-2028 (IN $ BILLION)
FIGURE 23: CANADA SMART FLEET MANAGEMENT MARKET, 2021-2028 (IN $ BILLION)
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED STATES
- CANADA
- NORTH AMERICA
- MARKET BY CONNECTIVITY
- SHORT-RANGE
- LONG-RANGE
- CLOUD
- MARKET BY TRANSPORTATION MODE
- ROADWAYS
- MARINE
- AIRWAYS
- RAILWAYS
- MARKET BY APPLICATION
- ADAS
- TRACKING
- OPTIMIZATION
- FUEL CARDS
- AUTOMATIC VEHICLE IDENTIFICATION
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