"Market Intelligence for High-Geared Performance"

Smart Fleet Management Market Size, Share & Industry Analysis, By Hardware Type (Tracking, ADAS, Remote Diagnostics), By Connectivity Type (Short Range, Long Range, Cloud) Others and Regional Forecast, 2022-2029

Region : Global | Report ID: FBI102068 | Status : Ongoing



The smart fleet management is expected to gain traction over the forecast period amid growing government regulations for the smart transport system. Various governing bodies across the globe have imposed stringent norms to curb energy consumption, theft activities, and reduce road accidents. Smart fleet management allows the operator to keep track of the driver’s performance, fuel consumption, route management, and vehicle maintenance. This system gives an option to download the complete data of the fleet, which makes it easy for the operator to take cost-effective measures after analyzing the data. For example, management can keep a close check on fuel consumption on a particular route and take cost-effective steps to lower fuel consumption.

Key Market Driver -

Increasing sales and production of passenger cars globally is anticipated to drive the market.

Key Market Restraint -

Rising concern regarding data theft expected to hinder the growth of the smart fleet management market

Initiatives are taken by the government to reduce carbon emissions, and traffic congestion on the road have encouraged fleet management services to opt for smart fleet management solution. This system offers realtime information to the operator/the management which gives the advantage to make quick decisions that improve operational efficiency and help to save cost. Lack of seamless connectivity and growing concerns regarding data theft are anticipated to hinder the growth of the smart fleet management market.

Key Players Covered in the Smart Fleet Management Market:

Some of the major companies that are present in the Smart Fleet Management market Denso Corporation, CarTrack Technologies Co. Ltd, General Motors, ChainwayTSP Co., Ltd., Infineon Technologies AG, Magellan and Trimble Navigation Ltd., Zonar Systems, and Workwave LLC. among the other players.

The global smart fleet management market is segmented by hardware type, connectivity type, and geography. By hardware type smart fleet management is segmented into tracking, ADAS, and remote diagnostics. The tracking type segment is expected to dominate the smart fleet management market. The tracking device allows the management owner to keep track of the vehicle, its route, and the driving pattern of the driver. This device is expected to enhance fuel consumption and prove to be cost-saving. ADAS  is expected to hold the second-largest position in the smart fleet management market. The government has imposed stringent norms on manufacturers to equip ADAS in the vehicles to reduce road accidents and help to increase the safety of the occupants. By connectivity type, the market is segment is into short-range, long-range, and cloud. The short-range segment is expected to dominate the market during the forecast period. Short-range connectivity offers a vehicle to infrastructure and vehicle to vehicle connectivity. This connectivity gives vital information to the driver regarding traffic, navigation, and routing. The cloud segment holds the second-largest position in the market. This connectivity is cost-effective and beneficial to small and medium fleet management as they don’t need to invest in infrastructure.

Regional Analysis:

To gain extensive insights into the market, Request for Customization

Geographically, the smart fleet management market has been segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia Pacific dominates the global Smart Fleet Management Market. Stringent regulations by the government to improve infrastructure and transportation in this region is expected to maintain the dominance of Asia Pacific in this market. North America holds the second-largest position in the market amid growing fleet management services in this region. Europe is anticipated to show good growth in the market. Adoption of smart fleet management by small fleet organizations to keep track of vehicles and stock levels in inventory.




By Hardware Type

  • Tracking

  • ADAS

  • Remote Diagnostics

By Connectivity Type

  • Short Range

  • Long Range

  • Cloud

By Geography

  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Rest of the World

  • Ongoing
  • 2021
  • 2018-2020


  • $4850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Automotive & Transportation Clients


Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.