A sub-set of the overall asset tracking market, the fleet tracking market represents those solutions that leverage various technologies (M2M, IoT, embedded and adjunct devices, on-board and remote computing, etc.) to provide solutions for tracking commercial wheeled or tracked motor vehicles including trucks, trailers, vans, cars, special-purpose vehicles, and other fleet assets. Fleet tracking also includes private cars and trucks used for work purposes.
The broader scope of the fleet tracking market includes aviation machinery (including planes, helicopters, and ground support equipment), railway equipment (locomotive, rail car, and support machinery), and shipping (government/military fleets, tankers, containers, etc.). Roadway and other land-based vehicles often operate in substantially different environmental conditions between industries and businesses. They also have different needs, constraints, and use cases than those of watercraft and aerial vehicles.
Fleet Tracking Market Dynamics
The ability to track and trace vehicle movements and positioning is a core capability of fleet management solutions which increasingly leverage M2M/IoT systems for telemetry, command and control. Leading vendor solutions incorporate Artificial Intelligence (AI) and advanced data analytics capabilities to provide added-valued features such as real-time and predictive decision making.
Advanced systems will also use self-driving vehicle technologies (such as AI, sensors, and computer vision) to enhance many fleet management objectives including collision avoidance, driver monitoring, and other risk management considerations. As future fleets become increasingly driver-less, vehicle to everything (V2X) communications (and connected vehicles in general) will become more about machine optimization and less about human related information.
Fleet Tracking Market Report
This fleet tracking market report is part of the Mind Commerce Connected Enterprise series of reports, which is part of our Digital Transformation for Enterprise research practice. This report evaluates fleet tracking technologies, solutions, and ecosystem including major players. The report assesses the impacts of various use cases and specific considerations in terms of asset technology and solution selection. The report also analyzes the outlook for fleet tracking market globally and regionally. Quantitative data and forecasts include market segmentation by technology, connection type, range of mobility, location requirements, and by industry vertical from 2019 to 2024.
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