The global demand for Vehicle Tracking Systems Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
A vehicle tracking system is an electronic device that is placed in a vehicle to allows track vehicle's location. It combines the use of Global Positioning System (GPS) and Global system for mobile communication (GSM with software that collects data for a vehicle. A tracking system in the vehicle continuously detects up the GPS coordinates that indicate the real-time location of the vehicle. With the system's help, vehicle information can be viewed on electronic maps through the internet or specialized software. Fleet operators commonly use it for fleet management functions such as fleet tracking, routing, dispatching, on-board information, and security.
Flourishing use of a vehicle tracking system for fleet management and growing concern about private and public vehicles' safety is fuelling the growth of the market. Vehicle tracking technology has been gaining popularity rapidly due to growing e-commerce & logistics, last-mile challenges, increasing online shoppers, and the rising importance of real-time data. Fleet operators are increasingly using vehicle tracking modules for efficiency and cost-saving purposes, developing their activity, and to streamline their daily operations. Vehicle tracking modules offer a massive opportunity for logistics and transportation companies to simplify their daily activities and improves overall fleet performance.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of vehicle tracking systems.
The entire vehicle tracking systems market has been sub-categorized into type, vehicle type, application and industry vertical. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Vehicle Type
- Commercial Vehicles
- Passenger Vehicle
By Industry Vertical
- Mobile Tracking
- Cellular Tracking
- Satellite Tracking
- Transportation and Logistics
This section covers regional segmentation which accentuates on current and future demand for vehicle tracking systems market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Vehicle Tracking Systems Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the vehicle tracking systems market include AT&T Inc., Cartrack Holdings Limited, Continental AG, Robert Bosch GmbH, Verizon Communications Inc., Spireon, Inc., Geotab Inc., Inseego Corp., TomTom, Inc., Teletrac Navman US Ltd. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.