Automotive

Vehicle Tracking Systems Market Size 2021 Segmentation, Regional Outlook and Forecast 2021 to 2030

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Vehicle Tracking Systems Market size was valued at USD 16.8 billion in 2020 and is expected to hit USD 45.8 billion by 2030, growing at a CAGR of 10.6% from 2021 to 2030.

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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 is rapidly boosting the growth of the vehicle tracking systems market. The surging popularity of the electric vehicles across the globe owing to the rising government initiatives to promote emission free mobility solutions is augmenting the demand for the electric vehicle among the population. Further, the rising popularity of the autonomous driving vehicles among the premium customers is expected to foster the demand for the 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.

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.
  • North America dominated the global vehicle tracking systems market, accounting for over 31% of the market share in 2020. This is attributed to the increased penetration of the e-commerce industry. The increased demand for the logistics solutions by the e-commerce is boosting the demand for the commercial vehicle.
  • On the other hand, Asia Pacific is estimated to be the most opportunistic market during the forecast period. Asia Pacific is the home to around 60% of the global population. The demand for the public transportation is high owing to the huge presence of middle and low-income consumers.

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OBJECTIVES OF THE STUDY

  • To analyze and forecast the Vehicle Tracking Systems market, in terms of value and volume
  • To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To define, segment, and project the size of the global Vehicle Tracking Systems market on the product type, end-use and other segments
  • To project the size of the market, with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America, with their key countries
  • To strategically analyze micromarkets with respect to individual growth trends, growth prospects, and their contribution to the total market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • To strategically profile key players and comprehensively analyze their core competencies
  • To track and analyze research & development (R&D) and competitive developments such as joint ventures, mergers & acquisitions, and new product developments in the Vehicle Tracking Systems market

Research Methodology

  • Market estimate for 2021
  • Average selling price (ASP) per region for specific product type
  • Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
  • Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
  • National government documents, statistical databases
  • News articles, press releases, and webcasts specific to companies operating in the market
  • Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
  • Determination of market penetration by country

Major Players Covered in this Report

The updated market research report on Vehicle Tracking Systems market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers
The top key players operating in the vehicle tracking systems market are CalAmp, Cartrack Holdings Limited, Continental Ag, Geotab Inc., Trackimo, Teltonika, TeletracNavman US, Tomtom, Inc., Verizon Communication Inc., Xirgo Technologies, LLC..

Segments Covered in the Report

By Vehicle Type

  • Heavy Commercial Vehicles
  • Passenger Vehicles
  • Light Commercial Vehicles

By Technology

  • GPS/Satellite
  • GPRS/Cellular Networks
  • Dual Mode

By Component

  • Software
  • Hardware

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Table of Content

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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Steve Robber

My name is Steve Robber, I’m the Owner of Market Stats News. Steve has served in many positions at various organizations for the past seven years. Currently he is an Author at Finance.Yahoo. Contact us for a free news publication, we look forward to speaking with you!

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