Determine the adoption of fleet technology in the USA by fleet size. Determine the average cost per month per unit of this technology by fleet size.
- As of December 2018, 15% of new fleet vehicles come with fleet telematics installed as the standard, as reported by Mckinsey. In addition, McKinsey found that there were approximately 100 million telematics units in operation globally at that time.
- McKinsey predicted that the global market for fleet telematics would grow by 23% year-over-year for the next 6 years. Using this, we can estimate that there are roughly 123 million telematics units in operation today (100 million in December 2018 x 0.23 CAGR = 123 million).
- An annual survey from Teletrac Navman found that 86% of fleets in the US now use telematics.
- On average, fleet telematics cost $19.95 to $29.95 per vehicle per month.
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