DUBLIN--(BUSINESS WIRE)--The "Global Smart Fleet-on-board Devices Market - Segmented by Devices, Technology, Solution (Vehicle Tracking, Vehicle Diagnostics, Vehicle Performance), Application (Buses, Trains), and Region - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The smart fleet-on-board devices market is expected to register a CAGR of 8.1% during the forecast period (2018-2023).
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.
Key Highlights
- Technological Advancements in Ticketing Systems Will Drive Market Growth
- GPS Technology to Witness Increased Use in Smart Fleet-on-board Devices
- North America to account for a Major Share
Notable Development in the Market
- 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.
Companies Profiled
- 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
Key Topics Covered
1. Introduction
2. Research Approach and Methodology
3. Market Insights
4. Global Smart Fleet-On-Board Devices Market Segmentation
5. Competitive Intelligence - Company Profiles
6. Investment Analysis
7. Future Outlook of the Smart Fleet-On-Board Devices Market
For more information about this report visit https://www.researchandmarkets.com/research/32r7f2/global_smart?w=4
