Chinese fleet management systems market to generate $300 mln in 2007
Chinese commercial telematics has seen rapid growth over the past two years. The Chinese market for fleet management systems (FMS) is expected to be worth in excess of $300 mln by the end of 2007, according a new study from ABI Research. By 2012, the value of this market is expected to be nearly $786 mln. Subscriber numbers will reach 2.6 mln by the end of 2012, with a compound average annual growth rate of 46%.