Global Smart Fleet-on-board Devices Market 2021 is expected to register a CAGR of 8.1%, during forecast period with Impact of Covid 19 Analysis

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Global “Smart Fleet-on-board Devices Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Smart Fleet-on-board Devices in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Smart Fleet-on-board Devices Market report categorizes the market based on manufacturers, regions, type, and application. Smart Fleet-on-board Devices Market reports offer a detailed assessment of the Smart Fleet-on-board Devices including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Smart Fleet-on-board Devices market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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The smart fleet-on-board devices market is expected to register a CAGR of 8.10% during the forecast period (2018 – 2023). The regions considered in the scope of the report include North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

The efficient transportation system needs route scheduling, timetable and data analysis of fleet systems to uplift the market growth. The use of smart phones and smart devices provides 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. Rising number of 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.

Technological Advancements in the Ticketing Systems will drive the Market Growth

Owing to smart technologies and intelligent transport systems, the fleet on-board devices market has achieved significant growth. Transit fare collection or ticketing technology has evolved tremendously from manual-based system to automated system with computer aided hardware and software. The technical enhancement of smart ticketing devices leads to a shift from cash to smart payment, as well as from mono application to multi-application system. The advancements in fare collection is possible due to the changes in design media, use of microprocessor and software in fare collection equipment, and the development of sophisticated control, and data communications systems. Emergence of the smart ticketing system has continued to benefit the transportation industry significantly. Adoption of smart ticketing system for the public transit system, such as buses, trains, and airplanes will continue to gain momentum attributed to quick access and robust security features.

GPS Technology to witness increased use in Smart Fleet-on-board Devices

Though the technologies of GPS and GPRS are available for a long time, their usage/adoption into public transport systems has been very nominal and the trend is changing rapidly with the advancements and improved coverage of the GPS systems. The adoption of the on-board devices made it easier for the central station to track the whereabouts of the buses, and the passengers get real-time information about the exact time for the next stop, current location and so on for them to plan better. Deploying public transport with enabled devices leads to optimization of routes based on time taken and reduces emissions, improves fuel efficiency and betters occupancy rates. Currently, all flight and air cargo are monitored centrally through their respective ATC by employing GPS, and radar technologies, and if the technology is adopted widely then road and rail transport may see fewer/no delays due to congestion. The trend is currently on high in the developed nations, like United States, United Kingdom, Australia, and Japan, where transportation, specifically public transport, has developed rapidly and is catching up.

North America to account for a Major Share

North American fleet management has developed over the past few years due to adoption of various techniques, of which the on-board devices played a pivotal role. Due to the benefits of these on-board devices, they are able to schedule maintenance of the fleet in time for maximum life and efficient performance of the fleet, along with better returns and cost savings from breakdowns and other maintenance related issues. Moreover, increased spending in smart transportation solutions in the region, specifically in the US, will also result in growth of the market.

Furthermore, the region is also a prominent player in smart ticketing solutions, which has led to the growth of the market in the region. This is primarily attributed to factors such as the presence of a large number of technology companies with expertise in smart ticketing solution, such as Xerox Corporation, Cubic Corporation, and Gemalto NV, and growing demand for solutions that can streamline ticketing procedures.

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The global Smart Fleet-on-board Devices market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Smart Fleet-on-board Devices Market Report covers the Top Key-players in 2021:-

  • Televic Group
  • Xerox Corporation
  • Trapeze Group
  • Init AG
  • UTA
  • Cubic Transportation Systems
  • Hella Aglaia Mobile Vision GmbH
  • Clever Devices
  • 21st Century Technology PLC
  • Acorel
  • Dilax Intelcom Gmbh
  • iris-GmbH infrared & intelligent Sensors
  • Eurotech
  • InfoDev

Highlighted points of Smart Fleet-on-board Devices Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

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This Smart Fleet-on-board Devices Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Smart Fleet-on-board Devices? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Smart Fleet-on-board Devices Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Smart Fleet-on-board Devices Market? What Was Capacity, Production Value, Cost and PROFIT of Smart Fleet-on-board Devices Market?
  • What Is Current Market Status of Smart Fleet-on-board Devices Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Smart Fleet-on-board Devices Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Smart Fleet-on-board Devices Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Smart Fleet-on-board Devices Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Smart Fleet-on-board Devices Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Smart Fleet-on-board Devices Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Smart Fleet-on-board Devices Industry?

Key Developments in the Smart Fleet-on-board Devices Market:

  • October 2017 – Cubic Corporation’s Cubic Transportation Systems (CTS) business division was selected by the New York Metropolitan Transportation Authority (MTA) to replace the iconic MetroCard with a proven, next-generation fare payment system similar to that used on the bus, Tube and rail services operated by Transport for London (TfL). The new system enabled customers to create personalized transit accounts to see ride history, check balances, add value as well as report lost or stolen cards to protect their funds
    The m

    Reasons to Purchase this Report

  • Latest trends coupled with the latest innovations in the industry
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • Regional analysis of the market
  • Identifying the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

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    Finally, the report Global Smart Fleet-on-board Devices Market 2021 describes the Smart Fleet-on-board Devices industry expansion game plan, the Smart Fleet-on-board Devices industry knowledge supply, appendix, analysis findings, and the conclusion.

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