DUBLIN--(BUSINESS WIRE)--The "Vehicle Analytics Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
The vehicle analytics market is estimated at US$24.214 billion for the year 2019 growing at a CAGR of 14.31% to reach the market size of US$54.019 billion by 2025
The rapid adoption of technological solutions for fleet management purposes is one of the key factors propelling the growth of the market. The vehicle analytics solutions allow the drivers and the fleet/vehicle owners to gather the data regarding the current situation of the vehicle along with knowing the behavior of the vehicle's driver throughout the journey. These solutions provide a detailed analysis of the performance of the driver and the vehicle throughout the journey. Furthermore, the rising competition among the fleet owners is further anticipated to propel the demand for these advanced solutions by the fleet owners, in order to have clearer insights about the journey and take further steps to maximise the revenue.
Moreover, the rising adoption of usage-based insurance is also one of the prime factors which is expected to positively impact the market growth during the next five years. Furthermore, key players in the fleet management industry are investing heavily in the R&D to develop the latest and advanced solutions due to the growing requirements from their end-users is also anticipated to augment the market for vehicle analytics solutions during the coming years. For instance, in September 2018, Proterra, one of the leading innovators of heavy-duty electric transport introduced the latest APEX, a vehicle intelligence system used in the heavy-duty transit fleets for its customers. Similarly, the growing adoption of vehicle analytics solutions by big automakers globally is further expected to anticipate the demand and thus drive the growth of vehicle analytics market during the forecast period.
The growing vehicle leasing business majorly in the European region is also considered to positively influence the market growth. Furthermore, the high adoption of public transport services in the major developed and developing economies of the world is further leading to the expansion of fleet by the transport service providers which is thereby expected to add up to the demand for the vehicle analytics solutions and thus, add up to the market growth significantly.
- Genetec Inc.
- Intelligent Mechatronic Systems, Inc.
- HARMAN International
- Teletrac Navman US Ltd
- Inseego Corp.
Key Topics Covered:
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Vehicle Analytics Market Analysis, By Offering
6. Vehicle Analytics Market Analysis , By Application
6.1. Light Motor Vehicle
6.2. Medium and Heavy Motor Vehicle
7. Vehicle Analytics Market Analysis, By Geography
7.2. North America
7.3. South America
7.5. Middle East and Africa
7.6. Asia Pacific
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/h8xqig