Global Fleet Telematics Market: Industry Analysis,
- 4100.00 Dollar US$
- Published date: May 20, 2021
- Pune, Adoni, Andhra Pradesh, India [ Ad Id - 130523 | Ad Views - 6 ]
Global Fleet Telematics Market size is expected to reach US$ XX Mn. by 2026 from US$ XX Mn. in 2019, at a CAGR of XX% during the forecast period. The report covers the detailed analysis of the global fleet telematics industry with the classifications of the market on the basis of component, vehicle type, system, and region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key players contribution in it.
A Fleet Telematics System (FTS) allows the information exchange between a commercial vehicle fleet and their central authority. Fleet telematics gathers a range of data using Global Positioning System (GPS) technology, sensors, and vehicle engine data to provide fleet operators with the information they need to manage their fleet.
The report has profiled major key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimating the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in North America region. Major country’s policies about manufacturing and its impact on market demand are covered in the report.
Market Overview of Global Fleet Telematics
To gain an advantage in the transportation industry, today’s transportation, and logistics companies increasingly rely on modern technologies and in-vehicle tools to optimize their vehicle fleet operations. These technologies are sometimes combined with specialized intervention that provides drivers feedback, training, and/or incentive programs that can improve vehicle’s fleet management and reinforce safe and fuel-efficient driving behavior. The approach for improvement combines in-vehicle technology with integrated Web-based applications that continuously monitor and rate driving behavior and provide real-time feedback to drivers.
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