Market by Mode of Transport, Connectivity, Operation, Application, and Country Outlook | Forecast 2024-2032
As per Triton’s research report, the Asia-Pacific smart fleet management market is estimated to progress in terms of revenue at a CAGR of 9.14% during the forecast period 2024-2032.
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The expansion of transportation infrastructure and the rising implementation of security protocols are key drivers propelling the Asia-Pacific smart fleet management market’s growth. A notable example is the Asia-Pacific Economic Cooperation’s initiative to establish the Global Trade Recovery Information Platform (G-TRIP) in partnership with the World Customs Organization. This platform aims to streamline the exchange of crucial information during significant transportation disruptions. Such initiatives further elevate the adoption of smart fleet management solutions.
The countries examined in this region include:
China leads with major market share with $69.30 billion in 2023
As per ACEA, in terms of production, China manufactured over 25.3 million cars in 2023, accounting for more than a third of the global car manufacturing sector. This dominance in vehicle manufacturing creates demand for efficient smart fleet management solutions.
Another trend in China is the rapid expansion of e-commerce, with companies like Alibaba and JD.com emerging as leading platforms. The surge in e-commerce activities has spurred logistics companies to enhance fleet management efficiency and customer service. This involves leveraging technologies to enable real-time tracking of goods, which drives the demand for smart fleet management solutions.
Several commercial vehicle OEMs are introducing telematics systems, particularly in the truck segment, with companies like Foton and Shaanxi Automobile Group leading in fleet telematics. This growing inclination towards telematics indicates a promising trajectory for the smart fleet management market.
Market Forecast for Japan
In Japan, fleet managers are shifting towards sustainability and safety, which boosts the adoption of smart fleet management solutions. The Ministry of Land, Infrastructure, Transport, and Tourism (MLIT) plays a pivotal role in driving market expansion through regulatory mandates, notably requiring digital tachographs in heavy-duty vehicles. Besides, the rising demand for fresh food delivery has elevated the demand for smart fleet management solutions to optimize distribution networks efficiently.
The market is segmented based on connectivity, application, mode of transport, and operation. Based on connectivity, it is segmented into short range, long range, and cloud-based.
Short-range connecting devices encompass cameras, ultrasonic sensors, and short-range RADAR, serving dual purposes of detecting moving objects nearby and high-speed oncoming vehicles to enhance vehicle safety and prevent accidents. These devices facilitate short-range notifications such as collision and lane detection. Employing a variety of sensors, smart fleet management systems construct and update internal maps, integrating LiDAR and ultrasonic sensors with AI software for obstacle detection and vehicle control.
The notable companies in the market include Continental AG, Verizon Connect, Masternaut, Robert Bosch GmbH, and Precious Shipping Company Public Limited.
Continental AG specializes in manufacturing and supplying a wide array of automotive parts. Its extensive product range encompasses tires, brake systems, chassis and safety components, vehicle electronics, rubber and plastic-based products, powertrain elements, actuators, and interior fittings. Additionally, it offers advanced features such as infotainment systems, telematics solutions, air spring systems, and sensor technology. Targeting global vehicle manufacturers, suppliers, and assemblers, Continental markets its diverse product line under several reputable brands, including ATE, VDO, Uniroyal, Phoenix, etc. The company operates in various regions, including Asia-Pacific.
Latest from the Company:
In December 2023, Continental introduced a new sensor to enable fleets to easily obtain data on tire condition, enabling greater fuel efficiency and longer tire life.
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 the Asia-Pacific 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 APAC smart fleet management market’s growth during the upcoming years
Want to get specific insights? Our team of analysts can customize this report based on your preferences. Connect with us here.
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VIEW REPORT1. ASIA-PACIFIC
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
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. ASIA-PACIFIC
SMART FLEET MANAGEMENT MARKET – BY MODE OF TRANSPORT
3.1. RAILWAYS
3.2. ROADWAYS
3.3. MARINE
3.4. AIRWAYS
4. ASIA-PACIFIC
SMART FLEET MANAGEMENT MARKET – BY CONNECTIVITY
4.1. SHORT
RANGE
4.2. LONG
RANGE
4.3. CLOUD-BASED
5. ASIA-PACIFIC
SMART FLEET MANAGEMENT MARKET – BY OPERATION
5.1. PRIVATE
5.2. COMMERCIAL
6. ASIA-PACIFIC
SMART FLEET MANAGEMENT MARKET – BY APPLICATION
6.1. TRACKING
6.2. REMOTE
DIAGNOSTICS
6.3. AUTOMATIC
VEHICLE IDENTIFICATION
6.4. ADAS
7. ASIA-PACIFIC
SMART FLEET MANAGEMENT MARKET – BY COUNTRY OUTLOOK
7.1. CHINA
7.1.1. CHINA SMART
FLEET MANAGEMENT MARKET FORECAST & PROSPECTS
7.2. JAPAN
7.2.1. JAPAN SMART
FLEET MANAGEMENT MARKET FORECAST & PROSPECTS
7.3. INDIA
7.3.1. INDIA SMART
FLEET MANAGEMENT MARKET FORECAST & PROSPECTS
7.4. SOUTH
KOREA
7.4.1. SOUTH
KOREA SMART FLEET MANAGEMENT MARKET FORECAST & PROSPECTS
7.5. ASEAN
COUNTRIES
7.5.1. ASEAN
COUNTRIES SMART FLEET MANAGEMENT MARKET FORECAST & PROSPECTS
7.6. AUSTRALIA
& NEW ZEALAND
7.6.1. AUSTRALIA
& NEW ZEALAND SMART FLEET MANAGEMENT MARKET FORECAST & PROSPECTS
7.7. REST
OF ASIA-PACIFIC
7.7.1. REST
OF ASIA-PACIFIC SMART FLEET MANAGEMENT MARKET FORECAST & PROSPECTS
8. COMPETITIVE
LANDSCAPE
8.1. DENSO
CORPORATION
8.1.1. OVERVIEW
8.1.2. PORTFOLIO
8.1.3. KEY
STRENGTH
8.1.4. KEY
CHALLENGE
8.2. CONTINENTAL
AG
8.2.1. OVERVIEW
8.2.2. PORTFOLIO
8.2.3. KEY
STRENGTHS
8.2.4. KEY
CHALLENGE
8.3. ROBERT
BOSCH GMBH
8.3.1. OVERVIEW
8.3.2. PORTFOLIO
8.3.3. KEY
STRENGTH
8.3.4. KEY
CHALLENGE
8.4. IBM
CORPORATION
8.4.1. OVERVIEW
8.4.2. 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. PORTFOLIO
8.5.3. KEY
STRENGTHS
8.5.4. KEY
CHALLENGES
8.6. TOMTOM
NV
8.6.1. OVERVIEW
8.6.2. PORTFOLIO
8.6.3. KEY
STRENGTHS
8.6.4. KEY
CHALLENGE
8.7. VERIZON
CONNECT
8.7.1. OVERVIEW
8.7.2. PORTFOLIO
8.7.3. KEY
STRENGTHS
8.7.4. KEY
CHALLENGE
8.8. GPS
INSIGHT
8.8.1. OVERVIEW
8.8.2. PORTFOLIO
8.8.3. KEY
STRENGTHS
8.8.4. KEY
CHALLENGES
8.9. GEOTAB
INC
8.9.1. OVERVIEW
8.9.2. PORTFOLIO
8.9.3. KEY
STRENGTHS
8.9.4. KEY
CHALLENGES
8.10. MASTERNAUT
8.10.1. OVERVIEW
8.10.2. 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: ASIA-PACIFIC 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: ASIA-PACIFIC SMART FLEET MANAGEMENT MARKET,
BY MODE OF TRANSPORT, 2024-2032 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC SMART FLEET MANAGEMENT MARKET,
BY CONNECTIVITY, 2024-2032 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC SMART FLEET MANAGEMENT MARKET,
BY OPERATION, 2024-2032 (IN $ MILLION)
TABLE 10: ASIA-PACIFIC SMART FLEET MANAGEMENT
MARKET, BY APPLICATION, 2024-2032 (IN $ MILLION)
TABLE 11: ASIA-PACIFIC 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: ASIA-PACIFIC SMART FLEET MANAGEMENT
MARKET, BY MODE OF TRANSPORT, 2023 & 2032 (IN %)
FIGURE 5: ASIA-PACIFIC SMART FLEET MANAGEMENT
MARKET, BY RAILWAYS, 2024-2032 (IN $ MILLION)
FIGURE 6: ASIA-PACIFIC SMART FLEET MANAGEMENT
MARKET, BY ROADWAYS, 2024-2032 (IN $ MILLION)
FIGURE 7: ASIA-PACIFIC SMART FLEET MANAGEMENT
MARKET, BY MARINE, 2024-2032 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC SMART FLEET MANAGEMENT
MARKET, BY AIRWAYS, 2024-2032 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC SMART FLEET MANAGEMENT
MARKET, BY CONNECTIVITY, 2023 & 2032 (IN %)
FIGURE 10: ASIA-PACIFIC SMART FLEET MANAGEMENT
MARKET, BY SHORT RANGE, 2024-2032 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC SMART FLEET MANAGEMENT
MARKET, BY LONG RANGE, 2024-2032 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC SMART FLEET MANAGEMENT
MARKET, BY CLOUD-BASED, 2024-2032 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC SMART FLEET MANAGEMENT
MARKET, BY OPERATION, 2023 & 2032 (IN %)
FIGURE 14: ASIA-PACIFIC SMART FLEET MANAGEMENT
MARKET, BY PRIVATE, 2024-2032 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC SMART FLEET MANAGEMENT
MARKET, BY COMMERCIAL, 2024-2032 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC SMART FLEET MANAGEMENT
MARKET, BY APPLICATION, 2023 & 2032 (IN %)
FIGURE 17: ASIA-PACIFIC SMART FLEET MANAGEMENT
MARKET, BY TRACKING, 2024-2032 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC SMART FLEET MANAGEMENT
MARKET, BY REMOTE DIAGNOSTICS, 2024-2032 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC SMART FLEET MANAGEMENT
MARKET, BY AUTOMATIC VEHICLE IDENTIFICATION, 2024-2032 (IN $ MILLION)
FIGURE 20: ASIA-PACIFIC SMART FLEET MANAGEMENT
MARKET, BY ADAS, 2024-2032 (IN $ MILLION)
FIGURE 21: ASIA-PACIFIC SMART FLEET MANAGEMENT
MARKET, BY COUNTRY OUTLOOK, 2023 & 2032 (IN %)
FIGURE 22: CHINA SMART FLEET MANAGEMENT MARKET 2024-2032
(IN $ MILLION)
FIGURE 23: JAPAN SMART FLEET MANAGEMENT MARKET
2024-2032 (IN $ MILLION)
FIGURE 24: INDIA SMART FLEET MANAGEMENT MARKET
2024-2032 (IN $ MILLION)
FIGURE 25: SOUTH KOREA SMART FLEET MANAGEMENT MARKET
2024-2032 (IN $ MILLION)
FIGURE 26: ASEAN COUNTRIES SMART FLEET MANAGEMENT
MARKET 2024-2032 (IN $ MILLION)
FIGURE 27: AUSTRALIA & NEW ZEALAND SMART FLEET
MANAGEMENT MARKET 2024-2032 (IN $ MILLION)
FIGURE 28: REST OF ASIA-PACIFIC SMART FLEET
MANAGEMENT MARKET 2024-2032 (IN $ MILLION)