In the 21st century, the fleet management industry has seen rapid change, and it is only picking up. Fleet managers must keep an eye on industry trends to stay competitive and thrive in today's ever-changing landscape. With that in mind, here are the top six fleet management industry trends for 2022, along with what you can do about them.
Top Fleet Management Trends to Follow in 2022
Adoption of Autonomous and Electric Vehicles
Increase in Remote Fleet Management
Evolution of 5G Technology
Increased Usage of Solar Powered Fleet Tracking Devices
Increase in Use of Tracking Systems and Telematics
Without much delay, let’s dive in!
# Adoption of Autonomous and Electric Vehicles
With tighter emissions regulations, Electric Vehicle (EV) sales skyrocketed in 2021. However, as more companies release high-end models with improved data sharing and advanced fleet management software, EV adoption will increase further in 2022. Meanwhile, autonomous vehicle (AV) technology has made significant advances. By increasing driving hours, AV has the potential to boost productivity. This technology will most likely spread to other parts of the world in the future years. Electric vehicles seem to be the way of the future, owing to the current climate change debate. As a result of self-driving and EVs, businesses will benefit from increased automation and productivity.
# Increase in Remote Fleet Management
Due to the ongoing COVID-19 pandemic, remote fleet management systems will take the stage. Fleet managers look for new ways to monitor their fleet drivers' productivity and manage tasks in a remote environment. Therefore, having custom-built fleet management software will allow managers to improve communication with their executives, track fleet data in real-time, and stay connected to their team.
Remote monitoring provides managers with a broader management scope. They can communicate with their employees from anywhere and provide necessary guidance. It enables better task management, which leads to increased productivity.
# Evolution of 5G Technology
5G is a cutting-edge technology that influences a range of global industries. It will reach speeds 20 times faster than 4G. 5G has already arrived in the developed world. However, by 2022, it is expected to have spread throughout the country. This technology's advancement will undoubtedly have a significant impact on the progress of fleet management software. As automation advances, they will become more efficient.
# Increased Usage of Solar Powered Fleet Tracking Devices
Engineers are constantly creating new solar-powered technologies, and fleet tracking devices are no exception. Solar-powered fleet tracking devices have numerous advantages, especially regarding Return on Investment (ROI).
Lithium batteries recharge continuously throughout the day, reducing the need for replacement batteries while extending the life of the device itself. It also aids fleet managers in reducing fleet maintenance checks. Another benefit of solar-powered fleet tracking is the ability to track offshore rigs and assets as they travel internationally. Live data reports that use geofencing to pinpoint locations can ensure the safety of a ship's cargo and crew.
# Optimized Safety
Safety is the top priority for fleet operations. With advancements in fleet management systems, we will see a greater emphasis on safety. The use of various techniques helps prevent accidents and vehicle theft. Driver behavior, alarm systems, driver identification, geofencing, and other features ensure Optimized Safety.
Modern fleet tracking systems provide real-time notifications about various activities. It allows managers to stay up to date every minute, allowing them to respond to emergencies quickly. With insightful reports, you can identify and rectify safety deficiencies in your operations.
# Increase in Use of Tracking Systems and Telematics
The usage of tracking systems and telematics, which are poised to be worth $75 billion by 2025, is becoming increasingly popular in the fleet market. In addition to pinpointing the location of an asset, these systems collect massive amounts of vehicle and routing data. GPS systems, for instance, can plan routes and monitor idle time. This feature allows a fleet manager to see what's going on in the field and then use that information to develop more efficient routes. Improvements in driving time and fuel consumption over a month ends in cost savings for an entire fleet.
In 2022, the fleet industry will see more innovation and advancements, including deeper technological integrations and improved fleet management software features. However, fleet management software and fleet tracking solutions must get implemented to improve operational efficiency. Furthermore, for making plans for your fleet's future success, you need to consider these 2022 fleet industry trends to create collaboration, maximize efficiencies, and keep yourself engaged with your team.