Market Size of Smart Fleet-on-board Devices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Smart Fleet-On-Board Devices Market Analysis
The smart fleet-on-board devices market is expected to grow at a CAGR of 8% over the forecast period (2021 - 2026). An efficient transportation system needs route scheduling, timetable and data analysis of fleet systems to uplift the market growth. The use of smartphones and smart devices provides a great growth opportunity to the fleet on-board devices for the coming years. Using GPS and GSM/GPRS location technology vehicles can be tracked and managed securely in real-time through a computer, tablet, or smartphone. In terms of analysis, data collected through AVL, APC, and ticketing solution is crucial. The growing use of modern transportation and technology advancements in ticketing devices are the major factors boosting the global smart fleet on-board devices market. At the same time, smart technology usage in logistics worldwide is helping the market to grow. However, data security is an issue, which shows up as a market difficulty.
Smart Fleet-On-Board Devices Industry Segmentation
An efficient transportation system results in the efficient dynamic movement of people and goods, which extensively contribute to the quality of life in society. Using GPS and GSM/GPRS location technology, vehicles can be tracked and managed securely in real-time through a computer, tablet, or smartphone. In terms of analysis, data collected through AVL, APC, and ticketing solution is very crucial.APC gives data about the passenger count on-board. This also includes data about the number of passengers boarded at every station at a given time. AVL provides real-time location of the fleet, data that can help in setting the time table for fleets. Fleet optimization is also verified with the ticketing revenue generated on-board with the help of ticketing devices
| By Devices | |
| AVL | |
| APC | |
| Ticketing Solution |
| By Technology | |
| GPS | |
| GSM/GPRS |
| By Solution | |
| Vehicle Tracking | |
| Vehicle Diagnostics | |
| Vehicle Performance |
| By Application | |
| Buses | |
| Trains |
| Geography | |
| North America | |
| Europe | |
| Asia Pacific | |
| South America | |
| Middle East and Africa |
Smart Fleet-on-board Devices Market Size Summary
The smart fleet-on-board devices market is poised for substantial growth, driven by the integration of advanced technologies such as GPS and GSM/GPRS for real-time vehicle tracking and management. The shift from manual to automated systems in transit fare collection and ticketing has been a significant catalyst for market expansion. This transition is facilitated by the adoption of smart payment solutions and multi-application systems, which enhance the efficiency and security of fare collection processes. The market's growth is further supported by the increasing use of smart technologies in logistics and transportation, although data security remains a challenge that needs to be addressed.
Regionally, North America leads the market, bolstered by significant investments in smart transportation solutions and a strong presence of technology companies specializing in smart ticketing. Europe follows closely, with Asia-Pacific expected to experience the highest growth due to the rapid development of transportation networks and infrastructure investments in developing economies. Key industry players, including Televic N.V., Xerox Corporation, and Cubic Transportation Systems, offer a range of solutions from real-time fleet location data to automatic vehicle monitoring. Recent developments, such as Clever Devices Ltd.'s Disruption Management module and Cubic Corporation's next-generation fare payment system, highlight the ongoing innovation and adaptation within the industry.
Smart Fleet-on-board Devices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Introduction to Market Dynamics
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1.3 Market Drivers
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1.3.1 Technological Advancement in the Ticketing Systems will Drive the Market Growth
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1.3.2 Increase in Adoption of Telematics and Growing Use of Autonomous and Electric Vehicles
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1.4 Market Restraints
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1.4.1 Security and Management of Huge Data Generated Everyday
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1.5 Industry Value Chain Analysis
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1.6 Industry Attractiveness - Porter's Five Force Analysis
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1.6.1 Threat of New Entrants
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1.6.2 Bargaining Power of Buyers/Consumers
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1.6.3 Bargaining Power of Suppliers
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1.6.4 Threat of Substitute Products
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1.6.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Devices
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2.1.1 AVL
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2.1.2 APC
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2.1.3 Ticketing Solution
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2.2 By Technology
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2.2.1 GPS
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2.2.2 GSM/GPRS
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2.3 By Solution
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2.3.1 Vehicle Tracking
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2.3.2 Vehicle Diagnostics
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2.3.3 Vehicle Performance
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2.4 By Application
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2.4.1 Buses
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2.4.2 Trains
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2.5 Geography
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2.5.1 North America
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2.5.2 Europe
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2.5.3 Asia Pacific
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2.5.4 South America
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2.5.5 Middle East and Africa
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Smart Fleet-on-board Devices Market Size FAQs
What is the current Smart Fleet-on-board Devices Market size?
The Smart Fleet-on-board Devices Market is projected to register a CAGR of 8% during the forecast period (2024-2029)
Who are the key players in Smart Fleet-on-board Devices Market?
Televic N.V., Xerox Corporation, Trapeze Software Inc. (Constellation Software Inc.), Cubic Transportation Systems Limited and Clever Devices Ltd are the major companies operating in the Smart Fleet-on-board Devices Market.
