Press release
Vehicle Tracking Systems Market Analysis, Size, Share, Growth, Trends And Global Forecast 2023-2032
Vehicle Tracking Systems Market Report
The Business Research Company's Vehicle Tracking Systems Global Market Report 2023 identifies the increase in car rental and leasing services as the major driver for the vehicle tracking systems market's growth in the forecast period. Consumers are preferring automobile rentals over public transportation as the desire for individual mobility and social distancing norms has increased due to the global pandemic. Car owners are increasingly spending on the vehicle tracking system for the updated status of the vehicle.
The global vehicle tracking systems market size will grow from $17.27 billion in 2022 to $20.78 billion in 2023 at a compound annual growth rate (CAGR) of 20.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the vehicle tracking systems is expected to grow to $38.75 billion in 2027 at a CAGR of 16.9%.
Download Free Sample Of Vehicle Tracking Systems Market Report -
https://www.thebusinessresearchcompany.com/sample_request?id=5821&type=smp
Major competitors in the vehicle tracking systems market are Verizon Connect, Spireon, Geotab, TomTom, Teletrac Navman.
A key trend in the vehicle tracking systems market includes the introduction of 5G technology in vehicle tracking systems. G technology offers great opportunities for in-vehicle connectivity and monitoring processes by providing faster data transfer and enhancing vehicle communication. Companies in the market are investing in developing GPS tracking solutions coupled with 5G technology.
Read More On The Global Vehicle Tracking Systems Market Report Here:
https://www.thebusinessresearchcompany.com/report/vehicle-tracking-systems-global-market-report
The vehicle tracking systems market is segmented -
•By Type: Active, Passive
•By Vehicle: Commercial Vehicles, Passenger Vehicles
•By Application: Mobile Tracking, Cellular Tracking, Satellite Tracking
•By Industry Vertical: Transportation And Logistics, Construction And Manufacturing, Aviation, Retail, Government, Other Industry Verticals
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the vehicle tracking systems market.
The Business Research Company's "Global Vehicle Tracking Systems Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
Explore Buying Options For The Vehicle Tracking Systems Market Report Here:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=5821
The Table Of Content For The Vehicle Tracking Systems Market Include:
1. Executive Summary
2. Vehicle Tracking Systems Market Characteristics
3. Vehicle Tracking Systems Market Trends And Strategies
4. Vehicle Tracking Systems Market - Macro Economic Scenario
5. Vehicle Tracking Systems Market Size And Growth
……
26. Africa Vehicle Tracking Systems Market
27. Vehicle Tracking Systems Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Vehicle Tracking Systems Market
29. Vehicle Tracking Systems Market Future Outlook and Potential Analysis
30. Appendix
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.
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 Systems Market Analysis, Size, Share, Growth, Trends And Global Forecast 2023-2032 here
News-ID: 3286734 • Views: …
More Releases from The Business Research Company
Blockchain Distributed Ledger Technology (DLT) In The Financial Sector Market In …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Blockchain Distributed Ledger Technology (DLT) In The Financial Sector Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Driven by growing interest and investments in blockchain research from financial institutions, the acceptance of blockchain technology for international payment purposes, the application of distributed ledger technology in…
Future of the Bitumen Impregnated Fibreboard Market: Strategic Analysis and Fore …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Bitumen Impregnated Fibreboard Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for bitumen impregnated fibreboard has witnessed substantial growth lately. Projected to rise from $1.14 billion in 2024 to $1.22 billion in 2025, the market anticipates a compound annual growth rate (CAGR)…
Advancing Benefits Management Through AI Patra's New Digital Platform Industry T …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Benefits Management Services Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent years, the market size for benefits management services has witnessed accelerated growth. The market is projected to expand from $10.08 billion in 2024 to $11.16 billion in 2025, showing a compound annual…
Major Growth Driver Identified in 2025 Battery Operated Crown Staplers Market: G …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Battery Operated Crown Staplers Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of battery-operated crown staplers has experienced significant expansion in the past few years. Its valuation is projected to rise from $0.84 billion in 2024 to $0.92 billion in 2025, witnessing…
More Releases for Vehicle
Transformative Trends Impacting the Vehicle-to-Vehicle (V2V) Communication Marke …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
How Large Will the Vehicle-to-Vehicle (V2V) Communication Market Size By 2025?
The size of the vehicle-to-vehicle (V2V) communication market has seen significant expansion in the most recent years. The market is projected to surge from $24.28 billion in 2024 to $27.1 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 11.6%. The…
Electric Vehicle Motor Market : Battery Electric Vehicle, Plugin Hybrid Vehicle, …
According to the report published by Allied Market Research, the global electric vehicle motor market generated $5.5 billion in 2021, and is estimated to reach $34.4 billion by 2031, witnessing a CAGR of 20.3% from 2022 to 2031.
Asia-Pacific is expected to dominate the global electric vehicle motor market. An increase in vehicle population and a rise in vehicle standards fuel the growth of the Asia-Pacific market. Moreover, various technological…
Truck Platooning Market : Vehicle-to-infrastructure (V2I), Vehicle-to-vehicle (V …
According to a recent report published by Allied Market Research, titled,"Truck Platooning Market by Technology, Platooning Type, and Communication Technology: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global truck platooning market size was valued at $500.9 million in 2017, and is projected to reach $4,590.3 million by 2025, registering a CAGR of 32.4% from 2018 to 2025.
To Explore More, Download Sample Report: https://www.alliedmarketresearch.com/request-sample/5245
Global truck platooning market is segmented…
Electric Vehicle Motor Market : Battery Electric Vehicle, Plugin Hybrid Vehicle, …
According to a new report published by Allied Market Research, titled, "Electric Vehicle Motor Market," The global electric vehicle motor market was valued at $5.5 billion in 2021, and is projected to reach $34.4 billion by 2031, growing at a CAGR of 20.3% from 2022 to 2031.
Asia-Pacific is expected to dominate the global electric vehicle motor market. An increase in vehicle population and a rise in vehicle standards fuel the…
Electric Vehicle Power Inverter Market : Hybrid Vehicle, Plug in Hybrid Vehicle, …
The electric vehicle power inverter market was valued at $8.67 billion in 2021, and is estimated to reach $22.25 billion by 2031, growing at a CAGR of 10.4% from 2022 to 2031.
Download Sample Report at https://www.alliedmarketresearch.com/request-sample/9122
Factors that drive the growth of the electric vehicle power inverter market are increase in demand for electric vehicles, proactive government initiatives for the development of electric vehicle, and surge in demand for low-emission and…
Truck Platooning Market : Vehicle-to-infrastructure (V2I), Vehicle-to-vehicle (V …
The global truck platooning market size was valued at $500.9 million in 2017 and is projected to reach $4590.3 million by 2025, registering a CAGR of 32.4% from 2018 to 2025 by Technology (Adaptive Cruise Control (ACC), Blind Spot Warning (BSW), Global Positioning System (GPS), Forward Collision Warning (FCW), Lane Keep Assist (LKA), and Others), Platooning type (Driver-Assistive Tuck Platooning (DATP) and Autonomous Truck Platooning), and Communication Technology (Vehicle-to-infrastructure (V2I),…
