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U.S. Fleet Telematics Systems Market, By Products (Local Fleet Systems, Mobile Devices, Trailer Tacking & Monitoring Systems and Long Haul Fleet Systems) and Geography (NA, EU, APAC, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025

99 Pages | Published Date : June 2019 | Report Code: AV284 | Report Format: PDF

REPORT HIGHLIGHT

The U.S. fleet telematics systems market was valued at USD 2,350 million by 2017, growing with 11% CAGR during the forecast period, 2018-2025

Fleet Telematics Systems industry is rapidly expanding owing to the growing demand from truck transportation coupled with increasing number of mobile internet connections. Transportation companies generally own large fleets of vehicles. These companies look to save money and increase the productivity of their drivers and vehicles by using telematics systems. As a result, when the trucking sector’s revenue increases, it typically means that more carriers can afford to install telematics systems, driving the industry growth significantly. In addition, increasing access of fleet telematics systems on mobile devices, such as smartphones and tablets augment the market demand. Therefore, as the number of mobile internet connections rise, it will become easier for key players with vehicle fleets to use these systems, and demand for fleet telematics on mobile products will grow.

Products Takeaway

In terms of products, the market is categorized as;

  • Local fleet systems               
  • Mobile devices
  • Trailer tacking and monitoring systems               
  • Long haul fleet systems
  • Other devices

Local fleet systems accounted for the highest revenue share, over 35% throughout the study period. These devices are installed directly into vehicles, allowing users to monitor things such as driver behavior, route productivity, fuel efficiency and vehicle location. Furthermore, software development has increasingly taken up a larger share of product offering as mobile applications and complex data analysis becomes more popular.

Application Takeaway

In terms of application, the market is categorized as;

  • Trucking
  • Express and logistic services
  • Exports
  • Others

Trucking dominates the market for fleet telematics systems, accounting for over 50% revenue share. Most customers in this market are for-hire carriers, but private fleets have become a major users over the past few years. Long-distance freight trucking companies were the first to invest in fleet telematics systems and remain a large market for the systems.

Key Vendors Takeaway

  • Trimble Navigation Limited
  • Fleetmatics IRL Ltd.
  • Geotab
  • Donlen Corporation
  • ARI Fleet Management
  • GPS Insight
  • Omnitracs LLC
  • Verizon Connect

Trimble Navigation Limited emerged as the major player, capture over 20% industry share. The industry has also begun to rapidly consolidate. Despite the presence of nationwide major players, most of the industry comprises small-scale firms that only serve a small market, based on the functionality of the telematics systems they provide. The struggle to differentiate product offerings, enter new, unsaturated, markets and gain the economies of scale required to bring in and retain clients has incentivized player to merge.

The market size and forecast for each segment and sub-segments has been considered as below:

  • Historical Year – 2014 & 2016
  • Base Year – 2017
  • Estimated Year – 2018
  • Projected Year – 2025

TARGET AUDIENCE

  • Traders, Distributors, and Suppliers
  • Manufacturers
  • Government and Regional Agencies
  • Research Organizations
  • Consultants
  • Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY PRODUCTS

  • Local fleet systems               
  • Mobile devices
  • Trailer tacking and monitoring systems               
  • Long haul fleet systems
  • Other devices

MARKET, BY APPLICATION

  • Trucking
  • Express and logistic services
  • Exports
  • Others

TABLE OF CONTENT

1. U.S. FLEET TELEMATICS SYSTEMS MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Product
2.1.2. Market Snippet by Application
2.2. Competitive Insights
3. U.S. FLEET TELEMATICS SYSTEMS KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. U.S. FLEET TELEMATICS SYSTEMS INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. U.S. FLEET TELEMATICS SYSTEMS MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
5.3. Breakdown Data, by Key manufacturer
5.3.1. Established Player Analysis
5.3.2. Emerging Player Analysis
6. U.S. FLEET TELEMATICS SYSTEMS MARKET – BY PRODUCT
6.1. Overview
6.1.1. Segment Share Analysis, By Product, 2017 & 2025 (%)
6.2. Local Fleet Systems
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.3. Mobile Devices
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.4. Trailer Tacking and Monitoring Systems
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.5. Long Haul Fleet Systems
6.5.1. Overview
6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.6. Other Products
6.6.1. Overview
6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7. U.S. FLEET TELEMATICS SYSTEMS MARKET – BY APPLICATION
7.1. Overview
7.1.1. Segment Share Analysis, By Application, 2017 & 2025 (%)
7.2. Trucking
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.3. Express and logistic services
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.4. Exports
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.5. Others
7.5.1. Overview
7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8. KEY VENDOR ANALYSIS
8.1. Trimble Navigation Limited
8.1.1. Company Snapshot
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. Fleetmatics IRL Ltd.
8.2.1. Company Snapshot
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Strategic Initiatives
8.3. Geotab
8.3.1. Company Snapshot
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Strategic Initiatives
8.4. Donlen Corporation
8.4.1. Company Snapshot
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Strategic Initiatives
8.5. ARI Fleet Management
8.5.1. Company Snapshot
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Strategic Initiatives
8.6. GPS Insight
8.6.1. Company Snapshot
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.6.4. Strategic Initiatives
8.7. Omnitracs LLC
8.7.1. Company Snapshot
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.7.4. Strategic Initiatives
8.8. Verizon Connect
8.8.1. Company Snapshot
8.8.2. Financial Performance
8.8.3. Product Benchmarking
8.8.4. Strategic Initiatives
9. 360 DEGREE ANALYSTVIEW
10. APPENDIX
10.1. Research Methodology
10.2. References
10.3. Abbreviations
10.4. Disclaimer
10.5. Contact Us

List of Tables
TABLE List of data Products
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE U.S. Fleet Telematics Systems market: Product snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Product
TABLE U.S. Fleet Telematics Systems market, by Product, 2014-2025 (USD Million)
TABLE U.S. Fleet Telematics Systems market: application snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by application
TABLE U.S. Fleet Telematics Systems market, by application 2014-2025 (USD Million)

List of Figures
FIGURE U.S. Fleet Telematics Systems market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE Competitive Landscape; Key company market share analysis, 2018
FIGURE Product segment market share analysis, 2017 & 2025
FIGURE Product segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Local fleet systems market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Mobile devices market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Trailer tacking and monitoring systems market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Long haul fleet systems market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Others market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Application segment market share analysis, 2017 & 2025
FIGURE Application segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Trucking market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Express and logistic services market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Exports market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Others market size forecast and trend analysis, 2014 to 2025 (USD Million)

SCOPE AND OBJECTIVES
The objective of this report is to describe the market trends and revenue forecasts for the market for the upcoming years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.
The report tracks the major market events including Product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analysing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the market. The scope of this report covers the market by its major segments.

KEY BENEFITS OF THE REPORT
• The report presents macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
• Thorough analysis of relevant statistical data to estimate the market paradigms
• Exceptional understanding of region and country specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts, and growth specific to the countries.
• Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new Product developments

RESEARCH METHODOLOGY

Research methodology is developed on a combination of specialist industry analyst knowledge and in-country research experience. We employ data interrogation methodologies to generate new and meaningful analyses and insights. The research study includes extensive use of secondary sources, paid databases (such as Bloomberg, Dun & Bradstreet, and BusinessWeek) and directories, to identify and collect information, useful to understand technical, commercial and market-oriented aspects. Market data and information are also collected (but not limited to) from the secondary sources such as:

  • Official company’s website, financial and annual reporting
  • Government statistical data
  • Online publishing articles
  • Industry player’s investor presentations
  • Economic news articles
  • National and international trade associations
  • The financial, business, and mainstream press
  • Industry study groups and semiofficial sources
  • Informative channels related to the market topics

* Gathering data through secondary sources is only the first step. The ability to cross-refer market data through available secondary            information often conflicting across multiple sources is a key aspect of the added value we provide

In order to verify and validate secondary market data, we engage with the Key Opinion Leaders (KoL’s), operating in the respective markets, through phone calls, emails, and web-based survey responses. This platform help us validate our data in terms of accuracy and gain insight into the current market and future expectations. Furthermore, the obtained information guide us to understand several facets of the market with respect to manufacturers and buyers’ perspectives.

In addition, to assign weights to all the relevant market dynamics and parameters and quantify their market impact for generating projected market growth rate, we used advanced machine learning algorithms in order to collate essential market data. The machine learning method utilizes algorithms such as regression, correlation, and decision tree, among others, to derive the desired output. This tool help us in deriving highly detailed forecasts, profound knowledge of product demand, and others.

These collected data points are carefully filtered, analyzed, compared, and presented in an easy way to develop accurate research study. Furthermore, all collected data is subjected to undergo exhaustive review process at country level, regional level, and global level.

Market Forecast :

Market forecast is primarily based on the year-on-year (YOY) growth rate. Data projection and future performance of each segment is analyzed based on the key aspects extracted from primary and secondary research results. Thus, data projection exhibits the assumption on how the market performs under microeconomic and macroeconomic parameters. Our market forecasting technique represents strategic conclusions which can play a crucial role for our client’s in making strategic marketing plans.

For forecasting, the following parameters were considered:

  • Market drivers and restraints along with their current and expected impacts
  • Technological scenario and expected developments
  • Trends in the consumer behaviors
  • End-user industry trends

We have assigned weights to above-mentioned parameters and quantified their market impacts using the weighted average analysis, to derive an expected market growth rate.

Market Analysis

Another integral part of our research study is that market data is accompanied by clear written analysis. We include detailed information on market segments in terms of market drivers, market restraints, and market opportunities. These offer insights on different channel dynamics, brand preference, incidence/prevalence data, consumption trend, and technology up-gradations.

We also include supporting data from relevant awareness campaigns, new introductions, regulatory norms, government initiatives, and an industry player’s expansion in specific product segments. From research perspective, this information explains and substantiates estimated data finding and forecast.

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