Despite setbacks, commercial telematics market to thrive
27 March 2002
News
2001 marked a prominent lull in the US commercial fleet management systems (FMS) industry as a result of several factors, including the economic recession, the burst of the telecom bubble and more recently, terrorist activities. However, there is a clearly defined need to adopt FMS systems for tracking and remotely controlling vehicles in an emergency, as well as providing significant added-value and return on investment.
This is according to technology research think-tank ABI, who says that commercial fleets more closely examining such solutions include haulers of hazardous materials, explosives, and fuel, as well as those involved in just-in-time delivery.
"Due to deteriorated market conditions, increased competition, and higher debt, many FMS vendors have been forced to restructure and focus on their core competencies," states Frank Viquez, senior analyst, ABI. "As a result of this, 2002 will witness rising competition and market specialisation, progressively more sophisticated distribution channels, and increased product differentiation in commercial vehicle telematics offerings."
Signs of this are evident, he adds, as last year several European vendors began preparations to enter the US market, including Minorplanet Systems PLC and Trafficmaster PLC.
In a new report, ABI states that 'the commercial FMS market promises to be abundant'. It finds that the global FMS market for commercial vehicles is expected to grow from under $2 bn in 2001 to nearly $6 bn by year-end 2007.
www.alliedworld.com
Further reading:
Electronic News Digest
News
A brief synopsis of current global news relating to the electronic engineering fields with regards to company finances, general company news, and engineering technologies.
Read more...
4000 A containerised DB for power project
News
Power Process Systems has successfully completed the design, fabrication, and commissioning of a 4000 A containerised distribution board for a wind/PV solar hybrid renewable energy project.
Read more...
Datacentrix Industrial Indaba 2025
News
Datacentrix recently hosted its inaugural Industrial Indaba 2025, where industry leaders explored how digitalisation, resilience, security and compliance are shaping the future of sustainable industrial operations in Africa.
Read more...
RS brings solar light to 150 000 people
RS South Africa
News
The company’s three-year partnership with SolarAid aims to raise £1 million through corporate donations, matched funding, product contributions, and fundraising to accelerate access to safe, sustainable energy.
Read more...
Microchip and AVIVA Links collaboration
Altron Arrow
News
Microchip and AVIVA Links have achieved groundbreaking ASA-ML interoperability, accelerating the shift to open standards for automotive connectivity.
Read more...
World’s leading supplier of grid automation products
News
Hitachi Energy was recognised as the global market share leader in grid automation for electric power transmission and distribution utilities by ARC Advisory Group.
Read more...
Vivashan Muthan appointed as head of export sales and operations at RS South Africa
RS South Africa
News
With a career spanning engineering, business development, and sales leadership across sub-Saharan Africa, Vivashan Muthan brings a wealth of expertise to his new role as head of export sales and operations.
Read more...
Google equips university students across Africa with free access to advanced AI tools
News
A 12-month Google AI Pro plan has been launched for students in Ghana, Kenya, Nigeria, Rwanda, South Africa, and Zimbabwe to build foundational AI skills.
Read more...
Africa’s space economy projected to be worth $22,6 billion in 2026
News
South Africa is gearing up to be at the forefront of the growth in the space industry, creating thousands of jobs, driving innovation, and boosting the national economy.
Read more...
Distribution partnership with MacDermid Alpha
Testerion
News
MacDermid Alpha Electronics Solutions India Private Limited has announced that as of 01 September 2025 Testerion will be the sole importer and distributor of their products to the South African market.
Read more...
printer friendly version