by [150+ Pages Report] As per the latest Research and survey report issued by Precedence Research, the global vehicle tracking systems market was valued at around USD 18.4 billion in 2021 and is expected to register revenues worth USD 45.8 billion by the end of 2030, growing at an exceptional CAGR of approximately 10.6% between 2022 and 2030.
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Vehicle Tracking Systems Market Growth Factors:
The vehicle tracking systems offer various advantages such as increased operational efficiency, reduced cost, vehicle monitoring, fuel management, vehicle maintenance, driver monitoring, and safety & security, which spurs the demand for the vehicle tracking systems across the globe. The proliferation of the advanced technologies such as IoT, automation, digitization, and telematics has significantly fostered the growth of the vehicle tracking systems market.
The rising adoption of the 5G technologies, rapidly growing ICT industry and rising adoption of mobility-as-a-service are rapidly boosting the growth of the vehicle tracking systems market. The surging popularity of electric vehicles across the globe owing to the rising government initiatives to promote emission-free mobility solutions is augmenting the demand for electric vehicles among the population. Further, the rising popularity of autonomous driving vehicles among premium customers is expected to foster the demand for vehicle tracking systems. Hence, the growing demand for the latest electric and autonomous driving vehicles is expected to drive the global vehicle tracking systems market during the forecast period.
Vehicle Tracking Systems Market Report Scope
| Report Highlights | Details |
| Market Size in 2020 | USD 16.8 Billion |
| Growth Rate | CAGR of 10.6% From 2021 to 2030 |
| Largest Market | North America |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| By Technology |
|
| Regional Scope |
|
Vehicle Tracking Systems Market Report Highlights
Report Highlights
- Based on the vehicle type, the passenger vehicle segment dominated the market with over 40% of the market share in 2020. This is simply attributed to the increased adoption of the passenger vehicle among the global population owing to increased disposable income and rising demand for the luxury consumer products. In some countries, the personal vehicles are a symbol of prosperity, which further boosts the demand for the passenger vehicle among the common public.
- Based on the technology, the GPS/Satellite is the dominating and the fastest-growing segment. This is due to the increased efficiency of the GPS to publicize with the satellites and provide accurate routes and location, which increases the efficiency of the vehicle tracking systems.
- Based on the component, the software segment dominated the market, garnering over 65% of the market share in 2020. The ability of the software to provide various benefits such as vehicle monitoring, fuel management, vehicle maintenance, driver monitoring, and safety & security has resulted in its dominance and is expected to sustain its position throughout the forecast period.
Competition Landscape
The report has engulfed a chapter on the global electric vehicle market’s competitive landscape, which provides detailed analysis and insights on companies offering electric vehicle. Profiles of key companies, along with a strategic overview of their M&A and expansion plans across geographies, have been delivered in this chapter. This chapter is priceless for report readers, as its enables them in gauging their growth potential in the market and implement key strategies for extending their market reach.
This chapter offers key recommendations for both new and existing market participants, enabling them to emerge sustainably and profitably. Intelligence on the market players has been delivered on the basis of their product overview, SWOT analysis, key developments, key financials and company overview. Occupancy of these market participants has been tracked by the report and portrayed via an intensity map.
Read Also@ Automotive Voice Recognition System Market Size to Worth Around US$ 7.9 Bn by 2030
some of the prominent players in the vehicle tracking systems market include:
- CalAmp
- Cartrack Holdings Limited
- Continental Ag
- Geotab Inc.
- Trackimo
- Teltonika
- TeletracNavman US
- Tomtom, Inc.
- Verizon Communication Inc.
- Xirgo Technologies, LLC.
Vehicle Tracking Systems Market Segments
By Vehicle Type
- Heavy Commercial Vehicles
- Passenger Vehicles
- Light Commercial Vehicles
By Technology
- GPS/Satellite
- GPRS/Cellular Networks
- Dual Mode
By Component
- Software
- Hardware
Regional Segmentation
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
- North America [United States, Canada, Mexico]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
- Middle East & Africa [GCC, North Africa, South Africa]
Regional Analysis
The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2019 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.
The report provides in-depth segment analysis of the global vehicle tracking systems market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the vehicle tracking systems market.
The report includes country-wise and region-wise market size for the period 2019-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2019-2030.
Why should you invest in this report?
If you are aiming to enter the global vehicle tracking systems market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for vehicle tracking systems are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Vehicle Tracking Systems Market
5.1. COVID-19 Landscape: Vehicle Tracking Systems Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Vehicle Tracking Systems Market, By Vehicle
8.1. Vehicle Tracking Systems Market, by Vehicle Type, 2021-2030
8.1.1. Heavy Commercial Vehicles
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Passenger Vehicles
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Light Commercial Vehicles
8.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Vehicle Tracking Systems Market, By Technology
9.1. Vehicle Tracking Systems Market, by Technology, 2021-2030
9.1.1. GPS/Satellite
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. GPRS/Cellular Networks
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. Dual Mode
9.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Vehicle Tracking Systems Market, By Component
10.1. Vehicle Tracking Systems Market, by Component, 2021-2030
10.1.1. Software
10.1.1.1. Market Revenue and Forecast (2019-2030)
10.1.2. Hardware
10.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 11. Global Vehicle Tracking Systems Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.1.2. Market Revenue and Forecast, by Technology (2019-2030)
11.1.3. Market Revenue and Forecast, by Component (2019-2030)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.1.4.2. Market Revenue and Forecast, by Technology (2019-2030)
11.1.4.3. Market Revenue and Forecast, by Component (2019-2030)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.1.5.2. Market Revenue and Forecast, by Technology (2019-2030)
11.1.5.3. Market Revenue and Forecast, by Component (2019-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.2.2. Market Revenue and Forecast, by Technology (2019-2030)
11.2.3. Market Revenue and Forecast, by Component (2019-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.2.4.2. Market Revenue and Forecast, by Technology (2019-2030)
11.2.4.3. Market Revenue and Forecast, by Component (2019-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.2.5.2. Market Revenue and Forecast, by Technology (2019-2030)
11.2.5.3. Market Revenue and Forecast, by Component (2019-2030)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.2.6.2. Market Revenue and Forecast, by Technology (2019-2030)
11.2.6.3. Market Revenue and Forecast, by Component (2019-2030)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.2.7.2. Market Revenue and Forecast, by Technology (2019-2030)
11.2.7.3. Market Revenue and Forecast, by Component (2019-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.3.2. Market Revenue and Forecast, by Technology (2019-2030)
11.3.3. Market Revenue and Forecast, by Component (2019-2030)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.3.4.2. Market Revenue and Forecast, by Technology (2019-2030)
11.3.4.3. Market Revenue and Forecast, by Component (2019-2030)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.3.5.2. Market Revenue and Forecast, by Technology (2019-2030)
11.3.5.3. Market Revenue and Forecast, by Component (2019-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.3.6.2. Market Revenue and Forecast, by Technology (2019-2030)
11.3.6.3. Market Revenue and Forecast, by Component (2019-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.3.7.2. Market Revenue and Forecast, by Technology (2019-2030)
11.3.7.3. Market Revenue and Forecast, by Component (2019-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.4.2. Market Revenue and Forecast, by Technology (2019-2030)
11.4.3. Market Revenue and Forecast, by Component (2019-2030)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.4.4.2. Market Revenue and Forecast, by Technology (2019-2030)
11.4.4.3. Market Revenue and Forecast, by Component (2019-2030)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.4.5.2. Market Revenue and Forecast, by Technology (2019-2030)
11.4.5.3. Market Revenue and Forecast, by Component (2019-2030)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.4.6.2. Market Revenue and Forecast, by Technology (2019-2030)
11.4.6.3. Market Revenue and Forecast, by Component (2019-2030)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.4.7.2. Market Revenue and Forecast, by Technology (2019-2030)
11.4.7.3. Market Revenue and Forecast, by Component (2019-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.5.2. Market Revenue and Forecast, by Technology (2019-2030)
11.5.3. Market Revenue and Forecast, by Component (2019-2030)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.5.4.2. Market Revenue and Forecast, by Technology (2019-2030)
11.5.4.3. Market Revenue and Forecast, by Component (2019-2030)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.5.5.2. Market Revenue and Forecast, by Technology (2019-2030)
11.5.5.3. Market Revenue and Forecast, by Component (2019-2030)
Chapter 12. Company Profiles
12.1. CalAmp
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Cartrack Holdings Limited
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Continental Ag
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Geotab Inc.
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Trackimo
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Teltonika
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. TeletracNavman US
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Tomtom, Inc.
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Verizon Communication Inc.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Xirgo Technologies, LLC.
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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