Fleet management systems active in Australia and New Zealand are expected to grow at a compound annual growth rate of 16.4%, growing from 0.8 million in 2017 to 1.7 million by 2022, according to Berg Insight AB.
Meanwhile, the overall population of non-privately owned fleet vehicles used by businesses is expected to increase from the 16.9% reported by the end of 2017 to 32.7% by 2022, according to a report from Berg Insight.
The growth of telematics solutions in the Australasia region is influenced by a number of different drivers including regulatory developments related to health and safety regulations, chain of responsibility legislation and road user charges.
The largest fleet management solution provider in Australia and New Zealand is Teletrac Navman, which has more than 100,000 units active in the regions. This is followed by Verizon Connect in second, then EROAD and MTData. Netstar is the fifth largest provider, and has reached more than 40,000.
Meanwhile, several OEMs which have introduced fleet telematics solutions for their commercial vehicles in the region, either independently or through partnerships include Isuzu, Volvo Trucks, UD Trucks, Scania, PACCAR, Toyota, Hino, Mercedes-Benz and Mitsubishi.