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:
Plan your media strategy with Technews Publishing
23 October 2019, Technews Publishing
, News
Dear Marketer,
Have you ever looked back on a year and wondered how you survived it? For the majority of South Africans, 2019 started benignly enough, cosily wrapped in the blanket of Ramaphoria that
...
Read more...
From the editor’s desk: Getting charged up for the new year
25 November 2019, Technews Publishing
, News
The Springboks’ Rugby World Cup triumph in Japan couldn’t have come at a better time for South Africa, as the country was in desperate need of a jolt of positive energy going into the festive season.
...
Read more...
Battery Technologies Conference 2019
25 November 2019
, News, Editor's Choice
Batteries are a critical enabler of the Fourth Industrial Revolution, powering technology in products from laptops and handheld devices to electric vehicles and renewable energy storage.
Read more...
Boom, doom and gloom, or something completely different?
25 November 2019, Technews Publishing
, News, Editor's Choice
As the end of 2019 looms, it’s time to look ahead to what next year might have in store, and reflect on the year gone by. And what a year it’s been.
Read more...
Actum Group remains resilient and optimistic for 2020
25 November 2019, Actum Electronics
, News
Running a profitable business in South Africa is not for the fainthearted. With the national treasury downgrading this year’s growth forecast from 1,5% to 0,5%, and state-owned entities like Eskom negotiating
...
Read more...
Additional renewable energy development zones proposed
25 November 2019
, News
The second phase of the Strategic Environmental Assessment (SEA) for wind and solar photovoltaic (PV) energy in South Africa proposes three additional Renewable Energy Development Zones (REDZs) for wind
...
Read more...
Locally developed electronic circuit builder for students
25 November 2019, K Measure
, News, Editor's Choice
K Measure, creator of the award-winning Seebox engineering education solution, has created a new innovation to enable quick and easy electronic circuit-building. The SeeBlocks electronic circuit creator
...
Read more...
Clearing the Static:Topic 9: Time to audit your ESD environment
25 November 2019, Actum Electronics
, News
Now that we are nearing the end of the year, it is a good time to audit your existing static control products and procedures. The first line of defence should be your antistatic floor, since this is the
...
Read more...
Winning hackathon entry curbs cell tower battery theft
25 November 2019
, News
The fourth annual TADHackJHB was held at MTN’s head office in Fairland, Johannesburg, on 12 and 13 October, with a cell tower protection app emerging as the winner.
The theme for the 2019 global TADHack
...
Read more...
Products of the Year 2019
25 November 2019
, News
SmartServer IoT by Adesto BAW-based chips for comms infrastructure Cellular modules for LPWA applications SoCs and software for smart home and IIoT Secure element for IoT authentication MPU for embedded ...
Read more...
printer friendly version