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Stock impact report

US Fleet Telematics Systems Market Research Report 2024: Software Update, An Expanding Trucking Sector and Increased Use of Mobile Devices will Drive Industry Demand - Forecasts to 2029 [Y...

Vontier Corporation (VNT) 
Company Research Source: Yahoo! Finance
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares. Fleet telematics systems have expanded rapidly through the end of 2023. Operators manufacture devices and develop service software to track the location and characteristics of fleet vehicles. Industry revenue is reliant upon demand from truck transportation, the industry's key downstream market, in addition to trade flows and the taxi and limousine industry. Although volatile fuel prices often distort industry revenue for the transportation sector, revenue is only affected if the industry's key markets encounter reduced revenue due to significantly deficient demand. T his was the case amid the COVID-19 pandemic, which led to much lower economic activity in the US and overseas, including reduced demand for truck transportation Show less Read more
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