Base of Fleet Management Systems in Europe Will Reach 14.1 million by 2021

The number of active fleet management systems deployed in commercial vehicle fleets in Europe was 6.6 million in 4Q16, according to a new research report from the M2M/IoT analyst firm Berg Insight.

Growing at a compound annual growth rate (CAGR) of 16.4 percent, this number is expected to reach 14.1 million by 2021. The top-14 vendors have today more than 100,000 active units in Europe. TomTom’s subscriber base has grown both organically and by acquisitions during the past years and the company is now the clear market leader on the European market and reached an installed base of about 609,000 units at year-end 2016.

Masternaut is still in second place and had achieved an installed base of an estimated 300,000 units at the year-end. Berg Insight ranks Microlise as the third largest player in terms of active installed base with around 210,000 units. Verizon (Fleetmatics and Telogis), ABAX, Teletrac Navman, Bornemann, Transics, Trimble, Gurtam, Targa Telematics, Viasat and OCEAN (Orange) also have more than 100,000 active devices in the field.

The HCV manufacturers are now growing their subscriber bases considerably in Europe thanks to standard line fitment of fleet management solutions. Dynafleet by Volvo, FleetBoard by Daimler and Scania Fleet Management are the most successful with active subscriber bases of 99,000 units, 99,000 units and 172,000 units respectively as of Q4-2016. The consolidation trend on this market continued in 2017, and it is expected to stretch through the next year.