Fleet management systems expected to reach 10.1 million units in the Americas

According to a new research report from analysts Berg Insight, the number of fleet management systems deployed in commercial vehicle fleets in North America was 3.3 million in the fourth quarter of 2012. Growing at a compound annual growth rate (CAGR) of 15.6 percent, this number is expected to reach 6.8 million by 2017. In Latin America, the number of installed fleet management systems is expected to increase from 1.6 million in quarter four 2012, growing at a CAGR of 16.3 per cent to reach 3.3 million in
October 1, 2013 Read time: 2 mins
According to a new research report from analysts 3849 Berg Insight, the number of fleet management systems deployed in commercial vehicle fleets in North America was 3.3 million in the fourth quarter of 2012. Growing at a compound annual growth rate (CAGR) of 15.6 percent, this number is expected to reach 6.8 million by 2017. In Latin America, the number of installed fleet management systems is expected to increase from 1.6 million in quarter four 2012, growing at a CAGR of 16.3 per cent to reach 3.3 million in 2017.

The top ten providers of fleet management systems in the Americas now have a combined installed base of more than two million active units in the region. Leading solution providers including Omnitracs, 1985 Trimble, 1058 FleetMatics, Zonar Systems and Telogis have more than 200,000 active units each. Customised high-end systems are most commonly offered via consultative direct sales processes, while standardised solutions to an increasing extent are offered through indirect models based on resellers. Mobile carriers have for example become an increasingly important sales channel in the Americas.
 
Regulations related to road transport have a significant impact on the market environment and there have been new developments in the past year. “The US hours-of-service rules have recently been updated and a mandate to use electronic logging devices has now been passed”, said Rickard Andersson, senior analyst, Berg Insight. The implementation of mandatory tracking systems in Brazil which has been postponed several times is moreover expected to launch in 2014 and gradually introduce factory-installation of telematics devices in vehicles. “While these regulatory initiatives are limited to specific markets, vehicles, companies and functionalities, there is no question about the positive effect on the awareness of vehicle telematics in the Americas”, concluded Andersson.
Location Based Systems

For more information on companies in this article

Related Content

  • Strong first quarter 2014 for IRD
    April 16, 2014
    International Road Dynamics (IRD), Canada-based intelligent transportation systems (ITS) supplier, has announced solid growth for the three months ended February 28, 2014. Revenue increased by 32.2 per cent to $10.3 million compared to $7.8 million for the same quarter last year. Solid growth was achieved in the Company's Canada and United States and Latin America markets, while EBITDA increased to $490,090 compared to a loss of $190,359 in the first quarter of 2013. Quarter one of 2014 is the fourth con
    Read More
  • ADLV 2017 predictions show fleets achieving more with big data
    January 31, 2017
    According to the ADLV’s (Association for Driving Licence Verification) 2017 predictions transport fleets will be using richer, bigger data more frequently to drive areas from compliance through to road safety The best practice frequency for compliance in licence checking by fleets has recently increased to twice a year, on average. Under the recently issued FORS Standard (Version 4.0) twice-yearly checks are now the minimum requirement. However, many larger fleets are now carrying out quarterly checks, e
    Read More
  • US DOT proposes broader use of event data recorders
    December 10, 2012
    In an effort to help improve vehicle safety, the US Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) has proposed a new standard that would capture valuable safety-related data in the seconds before and during a motor vehicle crash. The proposed rule would require automakers to install event data recorders (EDRs), devices that collect specific safety related data, in all light passenger vehicles beginning in September 2014. “By understanding how drivers respond in a cras
    Read More
  • Demand for real-time information will promote global traffic management systems
    April 15, 2015
    Increased demand for up-to-date, real-time traffic information has resulted in the growth of the Global Traffic Management Systems Market, which is expected to post a CAGR of 37.69 per cent from 2015-2019, says research firm Technavio. Passengers are demanding access to route and time information for public transit like buses, subways and trains. This is leading traffic authorities and transport agencies to embrace traffic management systems that can predict relevant traffic information through predicti
    Read More

Highlighted Content