Press release
Vehicle Tracking Systems Market- AT&T Inc., Geotab Inc., Cartrack Holdings Limited, Robert Bosch GmbH, Continental AG, TomTom, Inc., CalAmp Corp.
The global vehicle tracking systems market accounted for USD XX.X Million in 2018. Further, the market is expected to reach to a valuation of USD XX.X Million by the end of 2024. Moreover, it is anticipated to flourish at a CAGR of 18.7% during the forecast period i.e. 2019-2024.Factors such as the increase in adoption of intelligent transport systems and rising safety & security concerns within transportation services are believed to spur the growth of the vehicle tracking systems market in the upcoming years. Further, growing sales of commercial automobiles in developing countries is anticipated to drive the growth of the vehicle tracking systems market. In addition to this, the leading players of the logistics industry are focusing on the information about the position of vehicles, in order to commit to realistic delivery timelines. Further, the rise in fleet operations, especially in emerging markets, is spearheading current and future growth prospects of the market.
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In terms of geography, the vehicle tracking system market is analyzed into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Among these regions, Asia Pacific is slated to account for the highest percentage of market share in the overall vehicle tracking system market during the forecast period. The rapid rise in automotive sales in the region and increase in GDP are believed to intensify the growth rate of Asia Pacific vehicle tracking system market in the upcoming years. In addition to this, Europe vehicle tracking system market is anticipated to witness substantial growth over the upcoming years. Factors such as the growing trend of shared transportation & rise in penetration of self-driving vehicles are expected to positively impact the growth of Europe vehicle tracking system market over the forecast period.
Segmentation
The research offers a comprehensive analysis of vehicle tracking systems market with respect to following sub-markets:
By Vehicle Type
- Passenger Car Vehicles
- Commercial Vehicles
- - - Light Commercial Vehicles
- - - Heavy Commercial Vehicles
- Two-Wheelers
By Type
- Wired
- Wireless
By Technology
- Active
- Passive
By Application
- Fleet Management
- Asset Tracking
- Field Service Management
- Trailer Tracking and Surveillance
- Cold Storage Monitoring
- Others
By Geography
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Competitive Landscape
Vehicle tracking systems market is witnessing gamut of industry activities such as product launch, acquisition, joint venture, and expansion across the globe. For instance, on January 28, 2019, OnTerra Systems announced the availability of innovative, cost-effective GPS tracking for small to mid-sized fleets. Further, on January 08, 2019, MapmyIndia, a leading location technology firm in India, has launched an intelligent tracking device which is specifically designed to be used in the commercial & public transport vehicles. Moreover, this product launch helped the company to diversify its product portfolio and maintain its position into the market over the upcoming years.
Also, the report profiles various major market players such as
• AT&T Inc.
• Geotab Inc.
• Cartrack Holdings Limited
• Robert Bosch GmbH
• Continental AG
• TomTom, Inc.
• CalAmp Corp.
• Verizon Communications Inc.
• Inseego Corp.
• Teletrac Navman US Ltd.
• Other Major & Niche Players
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Table of Content
Research Methodology
Market Definition and List of Abbreviations
1. Executive Summary
2. Growth Drivers & Barriers in Global Vehicle Tracking Systems Market
3. Global Vehicle Tracking Systems Market Trends
4. Opportunities in Global Vehicle Tracking Systems Market
5. Recent Industry Activities, 2018
6. Porter's Five Forces Analysis
7. Market Value Chain and Supply Chain Analysis
8. Product Average Price Analysis, By Country
9. Global Vehicle Tracking Systems Market Value (USD Million) Historical Market Analysis & Y-o-Y Growth Analysis 2015-2017, Market Forecast & Y-o-Y Growth Analysis, 2018-2024
10. Global Vehicle Tracking Systems Market Segmentation Analysis, By Vehicle Type
10.1. Introduction
10.2. Strategic Insights
10.2.1. Market Attractiveness, By Vehicle Type
10.2.2. BPS Analysis, By Vehicle Type
10.3. Passenger Car Vehicles Market Value (USD Million) Historical Market Analysis & Y-o-Y Growth Analysis 2015-2017, Market Forecast & Y-o-Y Growth Analysis, 2018-2024
10.4. Commercial Vehicles Market Value (USD Million) Historical Market Analysis & Y-o-Y Growth Analysis 2015-2017, Market Forecast & Y-o-Y Growth Analysis, 2018-2024
10.4.1. Light Commercial Vehicles Market Value (USD Million) Historical Market Analysis & Y-o-Y Growth Analysis 2015-2017, Market Forecast & Y-o-Y Growth Analysis, 2018-2024
10.4.2. Heavy Commercial Vehicles Market Value (USD Million) Historical Market Analysis & Y-o-Y Growth Analysis 2015-2017, Market Forecast & Y-o-Y Growth Analysis, 2018-2024
10.5. Two-Wheelers Market Value (USD Million) Historical Market Analysis & Y-o-Y Growth Analysis 2015-2017, Market Forecast & Y-o-Y Growth Analysis, 2018-2024
11. Global Vehicle Tracking Systems Market Segmentation Analysis, By Type
11.1. Introduction
11.2. Strategic Insights
11.2.1. Market Attractiveness, By Type
11.2.2. BPS Analysis, By Type
11.3. Wired Market Value (USD Million) Historical Market Analysis & Y-o-Y Growth Analysis 2015-2017, Market Forecast & Y-o-Y Growth Analysis, 2018-2024
11.4. Wireless Market Value (USD Million) Historical Market Analysis & Y-o-Y Growth Analysis 2015-2017, Market Forecast & Y-o-Y Growth Analysis, 2018-2024
12. Global Vehicle Tracking Systems Market Segmentation Analysis, By Technology
12.1. Introduction
12.2. Strategic Insights
12.2.1. Market Attractiveness, By Technology
12.2.2. BPS Analysis, By Technology
12.3. Active Market Value (USD Million) Historical Market Analysis & Y-o-Y Growth Analysis 2015-2017, Market Forecast & Y-o-Y Growth Analysis, 2018-2024
12.4. Passive Market Value (USD Million) Historical Market Analysis & Y-o-Y Growth Analysis 2015-2017, Market Forecast & Y-o-Y Growth Analysis, 2018-2024
13. Global Vehicle Tracking Systems Market Segmentation Analysis, By Application
13.1. Introduction
13.2. Strategic Insights
13.2.1. Market Attractiveness, By Application
13.2.2. BPS Analysis, By Application
13.3. Fleet Management Market Value (USD Million) Historical Market Analysis & Y-o-Y Growth Analysis 2015-2017, Market Forecast & Y-o-Y Growth Analysis, 2018-2024
13.4. Asset Tracking Market Value (USD Million) Historical Market Analysis & Y-o-Y Growth Analysis 2015-2017, Market Forecast & Y-o-Y Growth Analysis, 2018-2024
13.5. Field Service Management Market Value (USD Million) Historical Market Analysis & Y-o-Y Growth Analysis 2015-2017, Market Forecast & Y-o-Y Growth Analysis, 2018-2024
13.6. Trailer Tracking and Surveillance Market Value (USD Million) Historical Market Analysis & Y-o-Y Growth Analysis 2015-2017, Market Forecast & Y-o-Y Growth Analysis, 2018-2024
13.7. Cold Storage Monitoring Market Value (USD Million) Historical Market Analysis & Y-o-Y Growth Analysis 2015-2017, Market Forecast & Y-o-Y Growth Analysis, 2018-2024
13.8. Others Market Value (USD Million) Historical Market Analysis & Y-o-Y Growth Analysis 2015-2017, Market Forecast & Y-o-Y Growth Analysis, 2018-2024
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