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Telematics take-up by fleets to grow 20.7% per year til 2015, finds new report

By / 6 years ago / Latest News / No Comments

Now in its sixth edition, the "Fleet management in Europe" report says that while there may be some setbacks in individual markets due to local economic developments, the number of telematics systems in active use with fleets is forecasted to grow at a compound annual growth rate of 20.7% from 2.0 million units at the end of 2010 to 5.0 million by 2015.

The penetration rate in the total population of non-privately owned commercial vehicles is estimated to increase from 6.9% in 2010 to 17.6% in 2015.

The report looks at the key players in the European telematics sector. Masternaut is ranked as the largest player overall in terms of installed base with close to 200,000 units deployed, mainly in France and the UK. TomTom Business Solutions was the fastest growing vendor also in 2010 and has now surpassed 143,000 subscribers. Transics is number one in the heavy trucks segment with an estimated 65,000 active units installed.

Berg Insight also highlights the consolidation trend in the industry in the past 18 months with a total of nine major merger and acquisition activities. These include Francisco Partners' acquisition of Cybit in January 2010 and the merger of Masternaut and Cybit in April 2011.

The report is available from Research and Markets at http://www.researchandmarkets.com/research/c5ac95/fleet_management_in_europe_6th_edition

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