Market by Mode of Transport, Connectivity, Operation, Application, and Country Outlook | Forecast 2024-2032
Triton’s report infers that the smart fleet management market in North America is anticipated to progress at a CAGR of 9.01% during the forecasted years 2024-2032.
North America, comprising developed countries like the US and Canada, is expected to see a rising demand for smart fleet management solutions. The integration of smart technologies, government initiatives, and the adoption of IoT in automobiles fuels this growth. For instance, the US General Services Administration introduced its plan to promote electrification of the federal fleet, which creates lucrative opportunities for the smart fleet management market.
The countries considered in the region include:
| Key Countries – United States, Canada |
| Largest Revenue Generating Country: United States |
| Base Year: 2023 :: Study Period: 2020 - 2032 :: Projection Year: 2024-2032 |
The United States leads the regional market, garnering $109.99 billion in 2023
The push towards electrification of vehicles significantly elevates the demand for fleet management software. By 2030, the share of plug-in hybrid, battery electric, and fuel cell electric vehicles is expected to rise substantially, with heavy trucks reaching around 37% of new electric sales.
Digital technologies are transforming fleet management by improving efficiency, safety, and maintenance through advanced analytics and smart sensors. These technologies enable real-time monitoring and predictive maintenance, widening the smart fleet management market’s growth.
Policies promoting energy efficiency, emission reductions, and the development of smart grids support the integration of electric and smart vehicles into national fleets. The US government’s commitment to achieving net-zero emissions by 2050 includes measures that support the development and deployment of smart technologies like fleet management software.
Market Forecast for Canada
The smart fleet management market in Canada is experiencing substantial growth, augmented by the increasing adoption of advanced technologies to improve efficiency and reduce operational costs in the transportation sector. According to Statistics Canada, the number of road motor vehicles registered in the country reached 26.3 million in 2022, with light-duty vehicles making up the majority. This expansion is complemented by significant investments in smart transportation infrastructure and technology, which are crucial for enhancing the efficiency and sustainability of fleet operations.
The market is sub-segmented into application, mode of transport, connectivity, and operation. In terms of application, it includes tracking, automatic vehicle identification, remote diagnostics, and ADAS.
Tracking plays a crucial role in the effective management of smart fleets, primarily via enhanced vehicle activity control. Advanced tracking functionalities, such as those offered by Smart Track’s GPS tracker and cloud-based fleet management software, provide real-time data on vehicle location, speed, risk profile, and schedules. This real-time information is vital for various stakeholders, including fleet managers.
The major firms in the market comprise IBM Corporation, Geotab Inc, Continental AG, Robert Bosch GmbH, and Denso Corporation.
IBM Corporation is a comprehensive information technology company. It provides a range of services, including consulting, implementation, cloud and cognitive solutions, enterprise software, systems, and financing. IBM caters to diverse sectors such as public services, financial services, industrial, communications, and distribution. Its global operations span varied regions, with headquarters located in Armonk, New York, US.
Latest from the Company:
In May 2024, IBM announced a long-term partnership with Honda to develop advanced computing technologies. These technologies aim to address issues with processing power, energy use, and design complexity, which are crucial for creating software-defined vehicles (SDV).
KEY DELIVERABLES OF THE REPORT:
Market CAGR during the forecasting years 2024-2032
Detailed data highlighting key insights, industry components, and market strategies
Comprehensive information and estimation of the smart fleet management market revenue growth in North America and its influence on the parent market
In-depth study of forthcoming trends in consumer behavioral patterns
A meticulous analysis of the competitive landscape and Porter’s Five Forces
A wide-ranging study of factors that will challenge the North America smart fleet management market’s growth during the upcoming years
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VIEW REPORT1. NORTH
AMERICA SMART FLEET MANAGEMENT MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. PORTER’S
FIVE FORCES ANALYSIS
2.1.1. THREAT
OF NEW ENTRANTS
2.1.2. THREAT
OF SUBSTITUTES
2.1.3. BARGAINING
POWER OF BUYERS
2.1.4. BARGAINING
POWER OF SUPPLIERS
2.1.5. THREAT
OF COMPETITIVE RIVALRY
2.2. MARKET
MATURITY ANALYSIS
2.3. SUPPLY
CHAIN ANALYSIS
2.3.1. SENSOR
AND CONNECTIVITY TECHNOLOGIES
2.3.2. SOFTWARE
DEVELOPERS AND SOLUTION PROVIDERS
2.3.3. INTEGRATION
SERVICES AND SYSTEM INTEGRATORS
2.3.4. FLEET
MANAGEMENT SERVICE PROVIDERS
2.4. REGULATORY
FRAMEWORK
2.5. KEY
BUYING IMPACT ANALYSIS
2.5.1. CONNECTIVITY
AND INTEGRATION
2.5.2. DATA
SECURITY AND PRIVACY
2.5.3. SCALABILITY
AND FLEXIBILITY
2.5.4. PREDICTIVE
ANALYTICS AND MAINTENANCE
2.5.5. USER-FRIENDLY
INTERFACE
2.6. KEY
MARKET STRATEGIES
2.6.1. COLLABORATIONS
2.6.2. PRODUCT
LAUNCHES
2.6.3. ACQUISITIONS
2.6.4. BUSINESS
DIVESTITURES & EXPANSIONS
2.7. MARKET
DRIVERS
2.7.1. ESCALATING
CONCERNS ABOUT ROAD SAFETY AND SECURITY
2.7.2. GOVERNMENT
MANDATES ADDRESSING EMISSIONS
2.7.3. DEMAND
FOR TRANSPORTATION COST REDUCTION
2.7.4. GROWING
REQUIREMENTS FOR VEHICLE TRACKING AND REAL-TIME DATA
2.7.5. EXPANDING
DIGITALIZATION OF SUPPLY CHAINS
2.8. MARKET
CHALLENGES
2.8.1. CONCERNS
ABOUT DATA PRIVACY AND SECURITY
2.8.2. COMPLEXITIES
INTEGRATING WITH LEGACY SYSTEMS
2.8.3. SIGNIFICANT
INITIAL INVESTMENT COSTS
2.8.4. SCARCITY
OF SKILLS IN ANALYTICS AND IOT (INTERNET OF THINGS)
2.9. MARKET
OPPORTUNITIES
2.9.1. ADOPTION
OF AI AND MACHINE LEARNING TO ENHANCE DECISION-MAKING
2.9.2. LEVERAGE
OF 5G AND EDGE COMPUTING FOR ADVANCED ANALYTICS
2.9.3. INNOVATIONS
IN EV FLEET OPTIMIZATION AND CHARGING SOLUTIONS
2.9.4. UTILIZATION
OF DRONES FOR FLEET TRACKING AND ASSET MONITORING
2.10. ANALYST
PERSPECTIVE
3. NORTH
AMERICA SMART FLEET MANAGEMENT MARKET – BY MODE OF TRANSPORT
3.1. RAILWAYS
3.2. ROADWAYS
3.3. MARINE
3.4. AIRWAYS
4. NORTH AMERICA
SMART FLEET MANAGEMENT MARKET – BY CONNECTIVITY
4.1. SHORT
RANGE
4.2. LONG
RANGE
4.3. CLOUD-BASED
5. NORTH
AMERICA SMART FLEET MANAGEMENT MARKET – BY OPERATION
5.1. PRIVATE
5.2. COMMERCIAL
6. NORTH
AMERICA SMART FLEET MANAGEMENT MARKET – BY APPLICATION
6.1. TRACKING
6.2. REMOTE
DIAGNOSTICS
6.3. AUTOMATIC
VEHICLE IDENTIFICATION
6.4. ADAS
7. NORTH
AMERICA SMART FLEET MANAGEMENT MARKET – REGIONAL OUTLOOK
7.1. UNITED
STATES
7.1.1. UNITED
STATES SMART FLEET MANAGEMENT MARKET FORECAST & PROSPECTS
7.2. CANADA
7.2.1. CANADA
SMART FLEET MANAGEMENT MARKET FORECAST & PROSPECTS
8. COMPETITIVE
LANDSCAPE
8.1. DENSO
CORPORATION
8.1.1. OVERVIEW
8.1.2. PRODUCT
PORTFOLIO
8.1.3. KEY
STRENGTH
8.1.4. KEY
CHALLENGE
8.2. CONTINENTAL
AG
8.2.1. OVERVIEW
8.2.2. PRODUCT
PORTFOLIO
8.2.3. KEY
STRENGTHS
8.2.4. KEY
CHALLENGE
8.3. ROBERT
BOSCH GMBH
8.3.1. OVERVIEW
8.3.2. PRODUCT
PORTFOLIO
8.3.3. KEY STRENGTH
8.3.4. KEY
CHALLENGE
8.4. IBM
CORPORATION
8.4.1. OVERVIEW
8.4.2. PRODUCT
PORTFOLIO
8.4.3. KEY
STRENGTHS
8.4.4. KEY
CHALLENGE
8.5. PRECIOUS
SHIPPING COMPANY PUBLIC LIMITED
8.5.1. OVERVIEW
8.5.2. PRODUCT
PORTFOLIO
8.5.3. KEY
STRENGTHS
8.5.4. KEY
CHALLENGES
8.6. TOMTOM
NV
8.6.1. OVERVIEW
8.6.2. PRODUCT
PORTFOLIO
8.6.3. KEY
STRENGTHS
8.6.4. KEY CHALLENGE
8.7. VERIZON
CONNECT
8.7.1. OVERVIEW
8.7.2. PRODUCT
PORTFOLIO
8.7.3. KEY
STRENGTHS
8.7.4. KEY
CHALLENGE
8.8. GPS
INSIGHT
8.8.1. OVERVIEW
8.8.2. PRODUCT
PORTFOLIO
8.8.3. KEY
STRENGTHS
8.8.4. KEY
CHALLENGES
8.9. GEOTAB
INC
8.9.1. OVERVIEW
8.9.2. PRODUCT
PORTFOLIO
8.9.3. KEY
STRENGTHS
8.9.4. KEY
CHALLENGES
8.10. MASTERNAUT
8.10.1. OVERVIEW
8.10.2. PRODUCT
PORTFOLIO
8.10.3. KEY
STRENGTHS
8.10.4. KEY
CHALLENGES
9. RESEARCH
METHODOLOGY & SCOPE
9.1. RESEARCH
SCOPE & DELIVERABLES
9.2. SOURCES
OF DATA
9.3. RESEARCH
METHODOLOGY
TABLE 1: NORTH AMERICA SMART FLEET MANAGEMENT
MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $ MILLION)
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: LIST OF COLLABORATIONS
TABLE 4: LIST OF PRODUCT LAUNCHES
TABLE 5: LIST OF ACQUISITIONS
TABLE 6: LIST OF BUSINESS DIVESTITURES &
EXPANSIONS
TABLE 7: NORTH AMERICA SMART FLEET MANAGEMENT
MARKET, BY MODE OF TRANSPORT, 2024-2032 (IN $ MILLION)
TABLE 8: NORTH AMERICA SMART FLEET MANAGEMENT
MARKET, BY CONNECTIVITY, 2024-2032 (IN $ MILLION)
TABLE 9: NORTH AMERICA SMART FLEET MANAGEMENT
MARKET, BY OPERATION, 2024-2032 (IN $ MILLION)
TABLE 10: NORTH AMERICA SMART FLEET MANAGEMENT
MARKET, BY APPLICATION, 2024-2032 (IN $ MILLION)
TABLE 11: NORTH AMERICA SMART FLEET MANAGEMENT
MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $ MILLION)
FIGURE
1: MARKET MATURITY ANALYSIS
FIGURE
2: SUPPLY CHAIN ANALYSIS
FIGURE
3: KEY BUYING IMPACT ANALYSIS
FIGURE
4: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY MODE OF TRANSPORT, 2023
& 2032 (IN %)
FIGURE
5: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY RAILWAYS, 2024-2032 (IN $
MILLION)
FIGURE
6: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY ROADWAYS, 2024-2032 (IN $
MILLION)
FIGURE
7: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY MARINE, 2024-2032 (IN $
MILLION)
FIGURE
8: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY AIRWAYS, 2024-2032 (IN $
MILLION)
FIGURE
9: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY CONNECTIVITY, 2023 &
2032 (IN %)
FIGURE
10: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY SHORT RANGE, 2024-2032 (IN
$ MILLION)
FIGURE
11: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY LONG RANGE, 2024-2032 (IN $
MILLION)
FIGURE
12: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY CLOUD-BASED, 2024-2032 (IN
$ MILLION)
FIGURE
13: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY OPERATION, 2023 & 2032
(IN %)
FIGURE
14: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY PRIVATE, 2024-2032 (IN $
MILLION)
FIGURE
15: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY COMMERCIAL, 2024-2032 (IN $
MILLION)
FIGURE
16: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY APPLICATION, 2023 &
2032 (IN %)
FIGURE
17: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY TRACKING, 2024-2032 (IN $
MILLION)
FIGURE
18: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY REMOTE DIAGNOSTICS,
2024-2032 (IN $ MILLION)
FIGURE
19: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY AUTOMATIC VEHICLE
IDENTIFICATION, 2024-2032 (IN $ MILLION)
FIGURE
20: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY ADAS, 2024-2032 (IN $
MILLION)
FIGURE
21: NORTH AMERICA SMART FLEET MANAGEMENT MARKET, BY COUNTRY OUTLOOK, 2023 &
2032 (IN %)
FIGURE
22: UNITED STATES SMART FLEET MANAGEMENT MARKET 2024-2032 (IN $ MILLION)
FIGURE
23: CANADA SMART FLEET MANAGEMENT MARKET 2024-2032 (IN $ MILLION)