IoT technology offers real-time insights that optimize operations, cut costs, and enhance safety within vehicle tracking. The connected car sector stands out as a prominent category within our IoT projections, accounting for 28% of cellular connections by the close of 2021 and only marginally decreasing to 26% by 2030. Given its extensive use of high-bandwidth cellular connections, it's not unexpected that the connected car segment makes up 23% of the total IoT expenditure in 2030, despite comprising less than 8% of all IoT devices.
Many vehicle manufacturers now provide built-in fleet telematics solutions, either independently or through collaborations. Examples of Original Equipment Manufacturers (OEMs) that have introduced such systems include Volvo, PACCAR, Daimler Truck, Ford, Navistar, Scania, GM, Volkswagen, Iveco, Mercedes-Benz Vans, Hino, and Ram. Over the past few years, numerous commercial vehicle OEMs have expanded their partnership strategies by collaborating with additional aftermarket telematics providers. This enables fleet customers to select systems that align best with their specific requirements.
Device Type | Examples |
GPS Tracking Devices | Garmin Fleet, TomTom Telematics |
Telematics Sensors | Geotab, Samsara |
Fuel Monitoring Systems | FuelForce, SkyBitz |
Maintenance Diagnostics Sensors | Fleet Complete, Verizon Connect |
Device Type | Examples |
Vehicle Tracking Modules | CalAmp, Queclink |
Telematics Control Units (TCUs) | Telit, Sierra Wireless |
Sensors and IoT Gateways | Bosch, Cisco |
Learn more in Berg Insight Reports:
Inefficient Routing. Fleet management often relies on static routing plans. Changes in traffic conditions and delivery schedules can lead to inefficient routes, causing delays and increased fuel consumption.
Limited Visibility. Fleet managers often lack real-time visibility into the location and status of their vehicles. This limited oversight can result in difficulties in responding to unexpected events, such as breakdowns or accidents.
Real-time Tracking and Route Optimization. IoT-powered GPS tracking devices and telematics sensors provide real-time location data and monitor vehicle conditions. Fleet managers can use this data to optimize routes, reducing fuel consumption and improving on-time deliveries.
Live Monitoring and Alerts: IoT devices offer continuous monitoring of vehicle health and driver behavior. In the event of issues like engine problems or erratic driving, automated alerts are sent to fleet managers, enabling them to take immediate action.
Neglected Maintenance: Delayed or overlooked vehicle maintenance can result in costly breakdowns and repairs, as well as decreased vehicle lifespan.
Fuel Inefficiency: Inefficient driving habits, such as excessive idling and speeding, can lead to higher fuel consumption.
Predictive Maintenance: IoT-connected maintenance diagnostics sensors monitor vehicle performance in real-time. When anomalies are detected, maintenance alerts are generated, enabling timely servicing and preventing breakdowns.
Fuel Monitoring and Driver Behavior Tracking. IoT solutions include fuel monitoring systems and telematics sensors that track driver behavior. This data helps identify inefficient driving habits, allowing fleet managers to implement corrective actions and reduce fuel costs.
Unsafe Driver Behavior. Aggressive driving, speeding, and harsh braking increase the risk of accidents, raising insurance premiums and endangering drivers' safety.
Behavioral Monitoring. IoT-based telematics sensors continuously monitor driver behavior. Fleet managers receive real-time alerts for unsafe actions, enabling coaching and corrective measures.
