Fleet Management Systems - Global Market Trajectory & Analytics

Global Fleet Management Systems Market to Reach $42.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Fleet Management Systems estimated at US$17.8 Billion in the year 2020, is projected to reach a revised size of US$42.9 Billion by 2027, growing at a CAGR of 13.4% over the period 2020-2027. Solutions, one of the segments analyzed in the report, is projected to record 13% CAGR and reach US$23.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 13.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $4.8 Billion, While China is Forecast to Grow at 17.5% CAGR

The Fleet Management Systems market in the U.S. is estimated at US$4.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.5 Billion by the year 2027 trailing a CAGR of 17.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.5% and 11.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.6% CAGR.

Select Competitors (Total 131 Featured):

• AirIQ, Inc.
• Aplicom Oy
• Aspire Tracking Ltd.
• Batrak Ltd.
• BOX Telematics Ltd.
• CarrierWeb, LLC
• CATERPILLAR, Inc.
• Cisco Systems, Inc.
• Daimler Fleetboard GmbH
• Donlen Corp.
• HCL Technologies Ltd.
• Modular Mining Systems, Inc.
• Risk Technology Ltd.
• SafeTrac Solutions Ltd.
• TomTom International B.V.
• Verizon Enterprise Solutions
• V-SOL Ltd.