openPR Logo
Press release

Vehicle Tracking System Market Worth $3,795.0 Million by 2026 | Business Strategies, Trends & Top Players

02-23-2021 02:02 PM CET | Logistics & Transport

Press release from: Allied Market Research

vehicle tracking system market

vehicle tracking system market

"Vehicle Tracking Systems Market by Type, Vehicle, Application, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the vehicle tracking systems market accounted for $3,795.0 million in 2017, and is expected to reach $14,957.5 million by 2025, growing at a CAGR of 19.9% from 2018 to 2025. In 2017, Asia-Pacific dominated the global market, in terms of revenue, accounting for about 30.9% share of the global market, followed by Europe.

Construction and mining industries are witnessing huge investments in barren land in constructing residential and commercial buildings. This in turn fuels the demand for connected heavy equipment to improve fleet utilization and productivity. Moreover, the coming years is anticipated to witness the introduction of more connected cars with the advent of 5G network and rise in penetration of IoT. The report studies essential market players such as | AT&T Inc, Continental AG, Spireon, Geotab

Inquire for 25 % discount on this report @ https://www.alliedmarketresearch.com/purchase-enquiry/3853

Vehicle Tracking Systems Market by Type (Active and Passive), Vehicle Type (Commercial Vehicles, Passenger Vehicles), Application (Mobile Tracking, Cellular Tracking, Satellite Tracking), and Industry Vertical (Transportation & Logistics, Construction & Manufacturing, Aviation, Retail, Government, Other Industry Verticals): Global Opportunity Analysis and Industry Forecast, 2018 - 2025. The research offers a detailed analysis on changing market dynamics, key investment pockets, major segments, and market competition.

Rising adoption of intelligent transport systems, safety and security concern within transportation services, and rising fleet operations especially in the emerging markets drive the market growth. However, increasing choices creating market shifts restrain the growth of the market.Conversely, winning new customer segments from diverse industry verticals and emergence of 5G into vehicle connectivity create new opportunities for growth of the market.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/3853

Active segment to be lucrative through 2025
Among types, the active segment accounted for 80.8% of the market share in 2017 and would retain its dominance through 2025. The same would grow at the fastest CAGR of 20.1% during the forecast period. This is due to the rising preference for real time data monitoring and reporting which indirectly showcases the future of mobility solutions.

Passenger vehicles segment to be lucrative through 2025

Among vehicle types, the passenger vehicles segment was the largest in 2017, capturing 72.2% of the market share and would maintain its dominance through 2025. The same segment would grow at the fastest CAGR of 20.1% from 2018 to 2025.This is due to the growing fleet operators especially in the emerging markets.
Cellular tracking segment to dominate through 2025. Among applications, the cellular tracking segment dominated the market in 2017, grabbing 62.3% of the market share. However, the mobile tracking segment would achieve the fastest CAGR of 20.5% during the study period.

Asia-Pacific to be lucrative through 2025
Asia-Pacific was the largest market in 2017, grabbing 30.9% of the market share and is likely to dominate the market through 2025. The same segment would achieve the fastest growth of 20.4% during the forecast period. This is due to the large number of big investments for tunneling projects facilitated by large number of domestic suppliers in the region.

Report Customization @ https://www.alliedmarketresearch.com/request-for-customization/3853

Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Vehicle Tracking System Market Worth $3,795.0 Million by 2026 | Business Strategies, Trends & Top Players here

News-ID: 2247231 • Views: 171

More Releases from Allied Market Research

Electric Fuse Market 2021 Detailed Analysis and Growth Strategies By 2027
The primary factors propelling the growth of the electric fuse market are increasing investments in renewable & power storage, growing investments in T&D infrastructure plans, automobile, and telecommunication. Elevated demand for automobile electronics in the automobile industry and renewal of investments within the construction industry are further complementing the adoption of electric fuse. Increased regulatory awareness closer to facilitating emission reduction in automobiles together with the rapid emergence of electrical &
Industrial Waste Management Market 2021 | Covid19 Impact Analysis | Business Out …
Rise in number of industries led to increase in amount of waste generated by industries. However, they lack rules, regulations, and initiatives to reduce the waste, leading to hampering the growth of the global industrial waste management market. The rising cost of recycling is expected to challenge the waste management market. In addition, rising global inflation and electricity costs could affect the market. Lack of proper waste collection infrastructure in many
Electric Insulator Market to Witness Growth Acceleration during 2020-2027
North America and Europe are in the middle of the process of expansion of the electric insulator market. Asia-Pacific is considered to be the fastest-growing market in this sector due to increased industrialization and urbanization. China is having the largest market share, due to high investments and good distribution network lead by high demand for electric insulators. Rising demand for energy has led to increased need for stable and reliable energy
Concentrated Solar Power Market 2021 Business Opportunities, Growth & Profit Ana …
The report segments the concentrated solar power market on the basis of technology, end user industry, and region. Based on technology, the market is divided into parabolic trough, solar power tower, Fresnel reflectors, and dish Stirling. Based on technology, the parabolic trough segment dominated the market in 2017, owing to growing demand of electricity generation from parabolic trough technology. On the basis of end user industry, the market is classified

All 5 Releases


More Releases for Vehicle

Fuel Cell Vehicle Market
The report aims to provide an overview of the global Fuel Cell Vehicle Market with detailed market segmentation by technology, vehicle type, and geography. The global fuel cell vehicle market is expected to witness high growth during the forecast period. The fuel cell vehicle market report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market. Get Sample Copy of
Electrical Vehicle Business
India is exploring the market acceptance and industry dynamics of the electric vehicles manufacturing and servicing sector, both are at an early stage, as domestic OEMs are just started launching EV models and the acceptance is growing slowly. The government policies like rolling out new taxes and awareness about these vehicles will improve the interests significantly which will accelerate the segment’s profitability. Although India’s CO2 emission levels from electricity generation are
Reliable Vehicle Performance Testing
Grant Squirrel Ensures Safety and Robustness of Product Line CAS DataLoggers provided a major automobile manufacturer with the data logging solution for its rigorous vehicle performance testing. As part of the testing of any new vehicle, sample units were typically subject to a variety of endurance and durability tests to identify any potential weak points or failure modes and chart their performance. To gather the most detailed record of a car’s
Vehicle Tracking Market
Vehicle Tracking Market – Global Industry Analysis and Forecast (2017-2026) – By Product, Vehicle, Technology, Application and Region. Vehicle Tracking Market size is valued at US$ 8.1 Bn in 2017 and expected to grow at a CAGR of 7.5% in the forecasting period. size is valued at US$ 8.1 Bn in 2017 and expected to grow at a CAGR of 7.5% in the forecasting period. Vehicle tracking market size is estimated
Vehicle Diagnostics Market by Vehicle Type, Application, Connectivity - 2021 | M …
The report "Vehicle Diagnostics Market by Vehicle Type, Application (Automatic Crash Notification, Vehicle Tracking, Vehicle Health Alert & Roadside Assistance), Connectivity (3G, 4G LTE, Wi-Fi, Bluetooth), Region, & Aftermarket (Vehicle Type & Region) - Forecast to 2021", The vehicle diagnostics market is projected to reach a market size of USD 30.22 Billion by 2021, growing at a CAGR of 16.79% from 2016 to 2021. Stringent emission norms, the rising demand
Vehicle Detectors Market
https://www.qandqmarketresearch.com/reports/7194018/vehicle-detectors-market-104 Vehicle detectors sense the presence of vehicles. They provide an output signal to a control unit, such as a gate or door operator, to open or close. When used as a safety device, vehicle detectors prevent a gate or door from closing on a vehicle. Global Vehicle Detectors market size will reach xx million US$ by 2025, from xx million US$ in 2017, at a CAGR of xx% during the forecast