Fleet management and trailer tracking system revenues will grow at a CAGR of 19.4% in the next five years, rising from about $5 billion in 2011 to exceed $12 billion in 2016.
ABI Research Telematics and Navigation Group Director Dominique Bonte comments: “While commercial telematics in developed markets such as North America and Western Europe is reaching maturity, especially in the trucking segment, the major growth in future is expected to come from developing regions where safety and security requirements are currently the main drivers. This trend is typified by mandates in Brazil (Stolen Vehicle Tracking legislation) and Russia (eCall on commercial vehicles by 2013).”
However, the biggest growth will come from Asia, with China leading the way as it moves from “developing” to “developed” status. While telematics in China has long been held back by small average fleet sizes, this is changing rapidly with a more organized and larger-scale transportation industry emerging. As fleets struggle to add a sufficient number of new vehicles to keep up with the surging economy, telematics becomes an important tool for optimizing the use of the limited available vehicle resources. International players such as Navman Wireless have already entered the Chinese market.
Although commercial telematics has largely been an aftermarket environment, truck OEMs such as Daimler (FleetBoard), DAF Trucks, the Scania Group, Renault, Iveco, and Volvo Trucks are now ramping up their efforts by offering factory-installed solutions. In most cases, these are also compatible with other truck brands, a major requirement as mixed fleets are common in the transportation industry.
Another major trend is the adoption of SaaS models offering a wide range of benefits including:
• Scalability, ease of deployment and integration, and time to market
• Hardware / operating system / software independence
• Lower costs allowing improved Return on Investment (ROI) — rent versus buy
• Upgradeability and ease of maintenance
• Universal access — proliferation of portable computing devices
• Flexible levels of security and availability
ABI Research’s new “Commercial Telematics Market Data” contains forecast data per region on hardware shipments, hardware revenue, system users, subscribers and service revenues in the commercial telematics sector. Statistics on vehicle sales and vehicles in operation are also included.
It is part of the recently launched Commercial Telematics Research Service.
ABI Research provides in-depth analysis and quantitative forecasting of trends in global connectivity and other emerging technologies. From offices in North America, Europe and Asia, ABI Research’s worldwide team of experts advises thousands of decision makers through 30+ research and advisory services. Est. 1990. For more information visit www.abiresearch.com, or call +1.516.624.2500.
About ABI Research
ABI Research is a global technology intelligence firm delivering actionable research and strategic guidance to technology leaders, innovators, and decision makers around the world. Our research focuses on the transformative technologies that are dramatically reshaping industries, economies, and workforces today.
ABI Research提供开创性的研究和战略指导，帮助客户了解日新月异的技术。 自1990年以来，我们已与全球数百个领先的技术品牌，尖端公司，具有远见的政府机构以及创新的贸易团体建立了合作关系。 我们帮助客户创造真实的业务成果。
For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.
Asia: +65 6950.5670