DUBLIN--(BUSINESS WIRE)--The "Asia-Pacific Smart Fleet Management Market 2021-2028" report has been added to ResearchAndMarkets.com's offering.
The market for smart fleet management in the Asia-Pacific is likely to progress with a CAGR of 7.89% in the forecast years from 2021 to 2028. Japan, China, India, ASEAN countries, Australia & New Zealand, South Korea, and Rest of APAC together constitute the market in this region.
India needs an efficient transportation, which is driving the demand for fleet management solutions. The country's plans for infrastructure development include investments worth nearly $1 trillion over the coming years. This, coupled with recent initiatives by the central and local governments to install 400,000 new buses over the next few years, is expected to fuel the adoption of tracking and fleet management systems throughout the nation. International companies like Trimble Navigation and Efkon are entering the country by acquiring local fleet management companies to cater to this high demand. The fleet management and vehicle tracking opportunities in this fast-evolving economy are too huge to ignore.
Among the ASEAN countries, Indonesia holds huge potential for the growth of the smart fleet management market, due to growing international investments. Also, the growing number of vehicles, with nearly 40% commercial vehicles, are expected to influence the demand for fleet management solutions in the country. In addition, the launch of new solutions by market players is also contributing to the growth of the market here.
For instance, in November 2017, Telkomsel, a wireless network provider, launched a fleet management solution called Telkomsel FleetSight. Similarly, in the Phillipines, the distributor of MAN trucks and buses, launched a new system for telematics and fleet management which will contribute to the growth of the studied market in the ASEAN.
Key Topics Covered:
1. Asia-Pacific 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. Asia-Pacific Smart Fleet Management Market Outlook - by Connectivity
4. Asia-Pacific Smart Fleet Management Market Outlook - by Transport Type
5. Asia-Pacific Smart Fleet Management Market Outlook - by Application
6. Asia-Pacific Smart Fleet Management Market - Regional Outlook
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
For more information about this report visit https://www.researchandmarkets.com/r/iiunow
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