Global Fleet Management Market

Today’s global positioning systems have enabled fleet operators to track and trace vehicles. Fleet operators keep a constant track of their fleets; in order to improve the transit time, trace the location of the vehicle and to analyze the reasons for delay in order to reduce them. Apart from these benefits to the fleet operator, the need for managing fleets is also felt as the fleet index is raising which results into traffic jams. Through a proper management, these jams can be avoided. The increased fuel prices, awareness about the carbon footprints, and the demand for increased efficiency of the vehicles, have been the key reasons for the fleet operators to feel the need for a proper and more advanced fleet management system. With a proper fleet management system, the companies can reduce the associated costs related to the same.

The management of these fleets not only controls the above mentioned cost but also helps in managing the amount of fuel spent, minimize the risk of the vehicle’s investment, and improve efficiency, productivity and overall transportation cost. Vehicle detection and tracking application have been important in managing fleets. These systems provide information such as vehicle tracking, vehicle count, managing vehicles, average speed of individual vehicles, and analysis of the traffic.

There are various methods which help in gathering of information such as—region based tracking, contour tracking, 3D model based tracking, feature based tracking, color- patterns based and other methods. With the help of these methods the fleet operators are able to save money, time, select suitable vehicle as per the organizations need, minimize environmental impact, provide better safety, makes it easier to plan and others.

The report segments the markets based on geography (Asia-Oceania, North America, Europe, Rest of the World), Vehicle type (LCV, HCV, and Passenger cars), the methods used (region based tracking, contour tracking, 3D model based tracking, feature based tracking, color- patterns based and other methods) and provide a market estimate in terms of value ($millions) and volume (‘000) units for the above mentioned segments. It also brings qualitative insights about the fleet management systems. The report also gives an extensive review of the market drivers, restraints, opportunities, challenges, and key issues in the automotive fleet management market.