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The put in base of fleet administration techniques in Southeast Asia to succeed in 5.4 million items by 2028


The installed base of fleet management systems in Southeast Asia to reach 5.4 million units by 2028

The marketplace for fleet administration (FM) options in Southeast Asia (SEA) has been in a development interval for a number of years.

The market skilled fairly vital setbacks throughout the pandemic, however the present outlook is constructive resulting from a number of components equivalent to basic financial development, growing competitors within the transportation and logistics sector in addition to a rising consciousness of fleet telematics.

The whole variety of FM techniques in energetic use is forecasted to develop at a compound annual development price (CAGR) of 13.7 p.c from about 2.8 million items in 2023 to nearly 5.4 million items by 2028. The penetration price within the whole inhabitants of fleet automobiles utilized by companies is on the similar time estimated to extend from 15.7 p.c in 2023 to 25.7 p.c in 2028.

The report covers the next key markets in Southeast Asia: Indonesia, Malaysia, Singapore Thailand and the Philippines in addition to an outline of the Remainder of SEA. The fleet administration markets in Southeast Asia to a big extent resemble one another however are additionally affected by completely different laws and basic financial development ranges within the respective nations. Frequent traits between the markets embrace being much less developed than different areas of the world and having comparably low penetration charges from a world perspective.

Removed from all deployments are full-scale superior fleet administration options and a notable share of the put in base is represented by comparatively fundamental monitoring techniques with pretty restricted FM performance. The adoption of extra feature-rich fleet administration techniques is nevertheless growing throughout the complete area. One nation that stands out from the gang is Singapore, the place extra superior fleet administration options with the next worth level have had the next adoption additionally traditionally.

William Ankréus, IoT Analyst, Berg Perception, stated:

“The fleet telematics trade in Southeast Asia is in lots of respects nonetheless nascent, with main components of the addressable market remaining largely untapped. The area might acquire significantly from an growing concentrate on provide chain optimisation by way of using expertise to enhance visibility and sustainability.”

Berg Perception ranks Jimi IoT, Cartrack (Karooooo) and TransTRACK as the biggest suppliers of fleet administration options in Southeast Asia.

“These three corporations all have whole put in bases of over 100,000 fleet administration items in SEA on their respective platforms. The fleet administration market in Southeast Asia is served by a variety of distributors of various dimension and origin”, continued Mr. Ankréus.

A part of the top-5 are additionally DTC and Onelink from Thailand. Different top-15 distributors with estimated put in bases of greater than 30,000 energetic items within the area embrace native and regional resolution suppliers equivalent to Katsana headquartered in Malaysia, GPSiam from Thailand, Indonesian EasyGo, Astrata Group and V3 Sensible Applied sciences primarily based in Singapore, in addition to worldwide gamers together with Gurtam (Wialon) from Lithuania, WanWayTech from China, Canada-based Geotab, SquareGPS (Navixy) headquartered within the US and Sweden-based GpsGate.

“Notably, worldwide suppliers of white-label options have achieved notably properly in Southeast Asia as telematics service suppliers within the area have opted for quicker time to market and the pliability of readymade options”, concluded Mr. Ankréus.

Extra notable distributors furthermore embrace Radius Telematics headquartered within the UK, Thailand-based Nostra Logistics and Forth Monitoring System, Gussmann Applied sciences and SafeTruck from Malaysia, Indonesian McEasy, Overdrive IoT and TNT Surveillance from Singapore, Tramigo headquartered in Finland, FleetHunt primarily based within the Philippines in addition to EUPFin from Taiwan.

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