Fleet News

Telematics market set for huge growth

USE of telematics and navigation among fleets is set to skyrocket by as much as a quarter in the next five years.

Industry chiefs believe ‘black box’ technology and satellite navigation will increasingly converge into a single solution. Additionally, cost pressures and duty of care responsibilities will make the devices a must-have for successful fleets.

Richard Horsman, CEO of telematics firm Cybit, said there had been talk in the industry of explosive growth for almost 10 years, but only recently have there been signs that this growth is upon us.

He said: ‘There is a lot of convergence in the marketplace. A lot of the technology that has been traditionally an HGV or LCV proposition is increasingly being used in company cars.

‘I can certainly see a 25% growth in the next five years. We are seeing a far greater awareness of telematics and the value it can bring to business.

‘It’s a very exciting time.’

Martin Port, managing director of Masternaut, said the UK was at the forefront of telematics take-up.

He said: ‘The integration of tracking and sat nav will come, and that growth forecast is realistic.

‘Drive down the motorway and the number of sat navs retro-fitted in people’s cars is incredible. And the negativity of telematics being ‘Big Brother’ is diminishing. It’s a must-have and more affordable than it ever was.’

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