Market Size of Smart Fleet-on-board Devices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Smart Fleet-On-Board Devices Market Analysis
The smart fleet-on-board devices market is expected to grow at a CAGR of 8% over the forecast period (2021 - 2026). An efficient transportation system needs route scheduling, timetable and data analysis of fleet systems to uplift the market growth. The use of smartphones and smart devices provides a great growth opportunity to the fleet on-board devices for the coming years. Using GPS and GSM/GPRS location technology vehicles can be tracked and managed securely in real-time through a computer, tablet, or smartphone. In terms of analysis, data collected through AVL, APC, and ticketing solution is crucial. The growing use of modern transportation and technology advancements in ticketing devices are the major factors boosting the global smart fleet on-board devices market. At the same time, smart technology usage in logistics worldwide is helping the market to grow. However, data security is an issue, which shows up as a market difficulty.
