The number of GPS/wireless devices used to manage fleet equipment and mobile workers will expand from 8 million today to over 14 million by 2019, with annual hardware and service revenues reaching $4.7 billion, according to a study by telematics research and consulting firm, C.J. Driscoll & Associates.
The 2016-17 U.S. Mobile Resource Management Systems Market Study also found that growth of commercial telematics is expanding in the local service and delivery fleet market at the rate of 15 to 20 percent per year. The trucking sector’s rate of growth is projected to exceed that due to the recently issued regulations requiring the use of Electronic Logging Devices (ELDs).
The largest GPS fleet management companies are becoming increasingly dominant, but this has not discouraged new players from entering the market, some with considerable success. Overseas suppliers also continue to be drawn to the U.S. market due to its size and rate of growth.
The study also examines the market for driver behavior management systems, along with the emerging market for managing mobile workers with GPS-equipped smartphones and tablets.