Market by Connectivity, Transport Type, Application, and Country | Forecast 2021-2028
A study by Triton Market
Research has concluded that the smart fleet management market in Latin America
is likely to progress with a CAGR of 7.60% over the forecasting years between
2021 and 2028.
Report scope can be customized per your requirements. Request For Customization
The countries studied in this
market include:
• Brazil
• Mexico
• Rest of Latin America countries
Apart from the major economies
in the region, such as Mexico and Brazil, countries like Argentina, Peru, and
Chile are also increasingly adopting fleet management solutions. Fleet vehicles
represent nearly 20% to 25% of new vehicle sales per year in Chile. Primary
end-users of fleet management solutions in the country are in the mining,
forestry, fishing, and service areas.
The entry of multi-brand dealers, along with the development of products
& services specifically aimed at fleets, has affected a change in the
market in Chile.
Manufacturing is the largest
sector in the Argentine economy, contributing to approximately 15% of the
nation’s GDP. Industrial production, which is majorly based on food processing
and textiles, has diversified into other sectors like pharmaceuticals. This is
driving the smart fleet management market over here.
Moreover, Argentina continues
to be Latin America’s second-largest fleet market. According to the
international motor vehicle manufacturers’ organization OICA, the sale of
commercial vehicles in the country in 2017 amounted to nearly 237,400 units,
which was significantly higher than 183,700 units in 2016. While fleet leasing
is not very prominent in Argentina, corporations purchasing fleet vehicles is far
more common. All these factors are contributing to the market development in
Rest of Latin America.
Denso Corporation is a renowned
supplier of advanced automotive technology, systems, and components. Denso’s ADAS/AD
is an automated driving technology to help drivers, pedestrians, and the
surrounding environment. This technology offers five key functions, such as sensing,
prediction, connectivity, interactivity, and protection. The company also
offers cloud services and after-sale services. It has a business presence in
Latin America, among other regions.
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VIEW REPORT1. LATIN
AMERICA SMART FLEET MANAGEMENT MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE SMART FLEET MANAGEMENT INDUSTRY
2.2. KEY
INSIGHTS
2.2.1. GROWING
INTEREST TOWARDS CLOUD-BASED SMART FLEET MANAGEMENT SOLUTIONS
2.2.2. EMERGENCE
OF INTELLIGENT TRANSPORTATION SYSTEMS
2.2.3. FUEL
MANAGEMENT & VEHICLE MONITORING
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTE
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. INDUSTRY
COMPONENTS
2.7. KEY
MARKET STRATEGIES
2.7.1. ACQUISITIONS
2.7.2. PRODUCT
DEVELOPMENTS
2.7.3. CONTRACTS
& AGREEMENTS
2.7.4. INVESTMENTS
& EXPANSIONS
2.8. MARKET
DRIVERS
2.8.1. DEMAND
FOR STREAMLINING FLEET OPERATIONS
2.8.2. RAPID
DEVELOPMENT IN NETWORK INFRASTRUCTURE AND DECLINING HARDWARE COSTS
2.8.3. PROACTIVE
INITIATIVES TOWARDS VEHICLE SAFETY AND EMISSION
2.9. MARKET
CHALLENGES
2.9.1. HIGH
COSTS & SECURITY CONCERNS
2.10. MARKET
OPPORTUNITIES
2.10.1. INTRODUCTION
OF CONNECTED TECHNOLOGIES IN VEHICLES
2.10.2. INCORPORATION
OF REAL-TIME FLEET MONITORING SYSTEMS IN AUTOMOBILES
3. LATIN
AMERICA SMART FLEET MANAGEMENT MARKET OUTLOOK – BY CONNECTIVITY
3.1. SHORT
RANGE
3.2. LONG
RANGE
3.3. CLOUD
4. LATIN
AMERICA SMART FLEET MANAGEMENT MARKET OUTLOOK – BY TRANSPORT TYPE
4.1. ROADWAYS
4.2. MARINE
4.3. AIRWAYS
4.4. RAILWAYS
5. LATIN
AMERICA SMART FLEET MANAGEMENT MARKET OUTLOOK – BY APPLICATION
5.1. ADAS
5.2. TRACKING
5.3. OPTIMIZATION
5.4. FUEL
CARDS
5.5. AUTOMATIC
VEHICLE IDENTIFICATION
6. LATIN
AMERICA SMART FLEET MANAGEMENT MARKET – REGIONAL OUTLOOK
6.1. BRAZIL
6.2. MEXICO
6.3. REST
OF LATIN AMERICA
7. COMPETITIVE
LANDSCAPE
7.1. SIEMENS
AG
7.2. SIERRA
WIRELESS INC
7.3. DENSO
CORPORATION
7.4. I
D SYSTEMS INC (POWERFLEET INC)
7.5. CONTINENTAL
AG
7.6. TECH
MAHINDRA LIMITED
7.7. ORBCOMM
INC
7.8. CISCO
SYSTEMS INC
7.9. OMNITRACS
LLC
7.10. ROBERT
BOSCH GMBH
7.11. INTERNATIONAL
BUSINESS MACHINES CORPORATION
7.12. ZONAR
SYSTEMS INC
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: LATIN AMERICA
SMART FLEET MANAGEMENT MARKET, BY COUNTRY, 2021-2028 (IN $ BILLION)
TABLE 2: VENDOR
SCORECARD
TABLE 3: LATIN AMERICA
SMART FLEET MANAGEMENT MARKET, BY CONNECTIVITY, 2021-2028 (IN $ BILLION)
TABLE 4: LATIN AMERICA
SMART FLEET MANAGEMENT MARKET, BY TRANSPORT TYPE, 2021-2028 (IN $ BILLION)
TABLE 5: LATIN AMERICA
SMART FLEET MANAGEMENT MARKET, BY APPLICATION, 2021-2028 (IN $ BILLION)
TABLE 6: LATIN AMERICA
SMART FLEET MANAGEMENT MARKET, BY COUNTRY, 2021-2028 (IN $ BILLION)
FIGURE 1: MARKET ATTRACTIVENESS INDEX
FIGURE 2: INDUSTRY COMPONENTS
FIGURE 3: LATIN AMERICA SMART FLEET MANAGEMENT MARKET, BY SHORT RANGE,
2021-2028 (IN $ BILLION)
FIGURE 4: LATIN AMERICA SMART FLEET MANAGEMENT MARKET, BY LONG RANGE,
2021-2028 (IN $ BILLION)
FIGURE 5: LATIN AMERICA SMART FLEET MANAGEMENT MARKET, BY CLOUD,
2021-2028 (IN $ BILLION)
FIGURE 6: LATIN AMERICA SMART FLEET MANAGEMENT MARKET, BY ROADWAYS,
2021-2028 (IN $ BILLION)
FIGURE 7: LATIN AMERICA SMART FLEET MANAGEMENT MARKET, BY MARINE,
2021-2028 (IN $ BILLION)
FIGURE 8: LATIN AMERICA SMART FLEET MANAGEMENT MARKET, BY AIRWAYS,
2021-2028 (IN $ BILLION)
FIGURE 9: LATIN AMERICA SMART FLEET MANAGEMENT MARKET, BY RAILWAYS,
2021-2028 (IN $ BILLION)
FIGURE 10: LATIN AMERICA SMART FLEET MANAGEMENT MARKET, BY ADAS,
2021-2028 (IN $ BILLION)
FIGURE 11: LATIN AMERICA SMART FLEET MANAGEMENT MARKET, BY TRACKING,
2021-2028 (IN $ BILLION)
FIGURE 12: LATIN AMERICA SMART FLEET MANAGEMENT MARKET, BY OPTIMIZATION,
2021-2028 (IN $ BILLION)
FIGURE 13: LATIN AMERICA SMART FLEET MANAGEMENT MARKET, BY FUEL CARDS, 2021-2028
(IN $ BILLION)
FIGURE 14: LATIN AMERICA SMART FLEET MANAGEMENT MARKET, BY AUTOMATIC
VEHICLE IDENTIFICATION, 2021-2028 (IN $ BILLION)
FIGURE 15: LATIN AMERICA SMART FLEET MANAGEMENT MARKET, REGIONAL OUTLOOK,
2020 & 2028 (IN %)
FIGURE 16: BRAZIL SMART FLEET MANAGEMENT MARKET 2021-2028 (IN $ MILLION)
FIGURE 17: MEXICO SMART FLEET MANAGEMENT MARKET 2021-2028 (IN $ MILLION)
FIGURE 18: REST OF LATIN AMERICA SMART FLEET MANAGEMENT MARKET 2021-2028
(IN $ MILLION)