Expect the use of North American commercial fleet telematics systems to double by 2018, a new report suggests. According to industry analysts at Sweden-based Berg Insight, commercial telematics usage will increase at roughly a 15 per cent compound annual growth rate over the next four years.
Overall, Berg Insight researchers believe the total number of onboard telematics units used in North and South American vehicles with reach 12 million by 2018.
It’s expected that will have a dramatic impact on the amount of data moving between trucks and motor carriers and fleet operators. The growth of telematics is also expected to facilitate the expansion of growing vehicle-to-vehicle communications systems, which are currently being tested in Ann Arbor, Michigan, by University of Michigan researchers.
Berg Insight’s Rickard Andersson says the growth of telematics offers huge opportunities for the companies who embrace this technology early on. “Berg Insight anticipates a future scenario where the global fleet management market is dominated by a handful of providers with installed bases measured in the millions,” noted Andersson, a senior analyst at Berg.
Growth in this area is already quite visible. As of fourth quarter 2013 there were already four million telematics-based fleet management systems in North America alone. It’s expected that the number will be above eight million in just four years’ time.
The rise of fleet telematics systems in South America is also expected to be strong, with just under four million units ready by 2018.