Vehicle Tracking System Market Size, Top Companies, Cost Models, Regional Analysis and Forecast 2027

IMARC Group's latest research report, titled "Vehicle Tracking System Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027," offers a detailed analysis of the global vehicle tracking system market size, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

The global vehicle tracking system market reached a value of US$ 20.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 45.1 Billion by 2027, exhibiting a CAGR of 13.20% during 2022-2027. A vehicle tracking system includes a technology that is utilized to acquire accurate data about the real-time location of vehicles, using either a cellular network or GPS technology. It offers numerous benefits, such as improved productivity, reduced fuel expenses, efficient business and assets management, and enhanced security and safety. Consequently, it is extensively used across the transportation, logistics, construction, aviation, and retail industries.

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Important Attribute and highlights of the Report:

Detailed analysis of the global market share
Market Segmentation by component, type, vehicle type, application and industry vertical.
Historical, current, and projected size of the market in terms of volume and value
Latest industry trends and developments
Competitive Landscape for Vehicle Tracking System Market
Strategies of major players and product offerings

The global market is majorly driven by significant growth in the automotive sector. Furthermore, the increasing investments in the development of autonomous and semi-autonomous vehicles are creating a positive outlook for the market. Besides this, the growing requirement for vehicle tracking systems in the construction and manufacturing industries for checking engine runtime and detecting stolen equipment is catalyzing the market growth across the globe. Additionally, the proliferation of advanced technologies, such as IoT, automation and telematics, is also creating a positive outlook for the market.

Key Players Included in Global Vehicle Tracking System Market Research Report:

AT&T Inc.
Cartrack
Continental AG
Geotab Inc.
Inseego Corp.
Orbcomm
Robert Bosch GmbH
Spireon Inc.
Teletrac Navman (Vontier Corporation)
TomTom N.V.
Verizon Communications Inc.

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COVID-19 Impact Overview:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Key Market Segmentation:

Breakup by Component:

Hardware
OBD Device/Tracker
Standalone Tracker
Software
Vehicle Diagnostics
Performance Measurement
Fleet Analytics and Reporting
Others

Breakup by Type:

Active
Passive

Breakup by Vehicle Type:

Commercial Vehicles
Passenger Vehicles

Breakup by Application:

Mobile Tracking
Cellular Tracking
Satellite Tracking

Breakup by Industry Vertical:

Transportation and Logistics
Construction and Manufacturing
Aviation
Retail
Government
Others

Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

TOC for the Vehicle Tracking System Market Research Report:

Preface
Scope and Methodology
Executive Summary
Introduction
Global Vehicle Tracking System Market
SWOT Analysis
Value Chain Analysis
Price Analysis
Competitive Landscape

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