The number of commercial vehicles monitored by fleet management systems in North America is set to reach 9.7 million by 2019, a compound annual growth rate (CAGR) of 15.5 percent, from 4.7 million in the last quarter of 2014, according to a new research report from the analyst firm Berg Insight.
The penetration rate in the total population of non-privately owned commercial vehicles in North America is estimated to increase from 16.4 percent in 2014 to 30.4 percent in 2019.
In Latin America, the number of active fleet management systems is expected to increase from 2.1 million in the fourth quarter of 2014, growing at a CAGR of 14.6 percent to reach 4.1 million in 2019.
The penetration rate in the region is estimated to increase from 8.1 percent in 2014 to 14.5 percent in 2019.
Top 5 Players Account for 2 Million Units
The top-15 providers of fleet management systems in the Americas now have a combined installed base of more than 3.5 million active units in the region and the top-5 players alone even account for 2 million units.
Berg Insight ranks Fleetmatics as the largest provider of fleet management solutions in the Americas with an active installed base of over 500,000 units in the region at the end of 2014.
The runners-up are Omnitracs and Trimble which have both reached estimated installed bases in the range of approximately 400,000 units. Telogis and Zonar System have both surpassed the milestone of 300,000 active units. Additional players with estimated installed bases of 100,000—300,000 active FM units in the Americas include Verizon Networkfleet, Geotab, Teletrac, Sascar, Position Logic and Spireon.
Autotrac, NexTraq, Navman Wirless and Zatix are furthermore all estimated to have 70,000—100,000 units in the region. Other notable actors in Latin America include OnixSat in Brazil, Encontrack, Copiloto Satelital, Grupo UDA and Global Track in Mexico, WideTech and Satrack based in Colombia, Tastets System, Wisetrack, GPS Chile and GPS7000 in Chile, Hawk GPS in Argentina and Location World in Ecuador.
Diversification Towards Non Vehicles Assets
An emerging trend that has surfaced in recent years includes a diversification among providers of fleet management solutions for commercial vehicles to also support other types of assets. Several of these companies now offer integrated solutions that can be deployed across off-highway vehicles, non-powered assets and other non-vehicle fleets.
“This enables fleet owners to monitor and manage all of their business-critical assets through the same backoffice interface, using familiar applications and reporting toolsâ€?, said Rickard Andersson, Senior Analyst at Berg Insight.