Press release
Vehicle Tracking System Market Size Share and Forecast with Key Players and Growing Demand Analysis to 2032
Vehicle Tracking System Market
Additionally, the expansion of 3G/4G and 5G technologies for vehicle connectivity fuels the growth of the market. Simultaneously, the increasing demand for autonomous and semi-autonomous vehicles and growth in cloud computing-based vehicle tracking systems boost the size of the market. Rapid economic growth provides ample opportunities for the expansion of this market. Also, increased R&D expenditures and expansion of international players influence market growth.
On the other hand, technological limitations causing the failure of GPS and cellular-based trackers due to limited/failed cellular or wireless network coverage are the significant factors projected to impede the market growth. Also, the high investment required for research and development activities pose challenges to new market players. Nevertheless, rapid advances and uptake of advanced vehicle security technologies would support market growth throughout the assessment period.
The global Vehicle Tracking System Market is growing continually. The market growth attributes to the growing demand for improved vehicle safety & security, communication medium, and performance monitoring solutions. Besides, increasing concerns over vehicle safety and security drive the growth of the market. Moreover, the growth in fleet operations, especially in emerging nations, and an increase in demand for electric vehicles, escalates market growth.
Get Free Sample Report@ https://www.marketresearchfuture.com/sample_request/7947
Major Players:
Players leading the global Vehicle Tracking System Market include Cartrack Holdings Limited (South Africa), AT&T Inc. (US), Continental AG (Germany), Verizon Communications Inc. (US), Robert Bosch GmbH (Germany), Spireon, Inc. (US), Inseego Corp. (US), Geotab Inc. (Canada), TRACK GROUP (US), and US Fleet Tracking (US), among others.
Industry/ Innovation/ Related News
June 10, 2020 ---- Blue Sky Network (the US), a leading global satellite technology company, launched the highest resolution vehicle tracking system HawkEye 5500 (HE5500). The newly released dual-mode, real-time tracking, and vehicle management solution have applications in remote mining operations, offering a comprehensive set of features.
Certified by Iridium, the new system offers full integration of on-board systems, two-way messaging, a remote emergency switch, collision detection, audible alerts, RFID and Bluetooth driver identification & customizable application integration, supporting light- and heavy C duty vehicles.
Global Vehicle Tracking System Market - Segments
The report is segmented into six dynamics;
By Type : Active and Passive System.
By Technology : Global Navigation Satellite System (GLONASS), Global Positioning System (GPS), Connectivity Technology, and others.
By Propulsion : ICE and Electric Vehicle.
By Vehicle Type : Passenger Car and Commercial Vehicle.
By Application : Residential and Commercial.
By Regions : Asia Pacific, Americas, Europe, and the Rest-of-the-World.
Global Vehicle Tracking System Market - Regional Analysis
The Asia Pacific region dominates the global Vehicle Tracking System Market. The largest market share attributes to the rising sales of premium and luxury vehicles and automobiles demand, primarily in China, Japan, and India. The strong presence of key manufacturers and operating units combined with the availability of sophisticated technologies of global players boost the regional market growth.
Besides, the increasing adoption of GPS services and cloud-based services drive the growth of the regional market. Moreover, the proliferation of smartphones provides enormous opportunities across businesses. The growing use of navigation services in the region offers an impetus to the growth of the regional market. Rapidly growing APAC countries Japan, China, and India are anticipated to grow at a rapid rate through the forecast period.
North America stands second in the global Vehicle Tracking System Market. The market growth is driven by the increase in demand for new commercial vehicles and vehicle thefts. The region is home to many advanced communication technology providers having robust GPS services impacts the growth in the regional market. Additionally, the early adoption of cloud-based deployment services propels the development of the market.
Furthermore, the demand for home-based solutions and technological advantages are some of the key drivers for the regional market. The North American Vehicle Tracking System Market is expected to create a substantial revenue pocket over the forecast period.
Read Full Report@ https://www.marketresearchfuture.com/reports/vehicle-tracking-system-market-7947
Global Vehicle Tracking System Market - Competitive Analysis
Highly competitive, the vehicle tracking system appears to be fragmented owing to the presence of several well-established players accounting for a substantial market share. To gain a larger competitive share, players incorporate strategies such as acquisition, collaboration, partnership, expansion, and product & technology launch. They invest substantially in new product development and geographical expansion initiatives. The market is anticipated to witness relentless innovations and new products, eventually intensifying competition among synchronous motor manufacturers.
Read more insightful report:
In-Vehicle Computer System Market, https://www.marketresearchfuture.com/reports/in-vehicle-computer-system-market-26466
MEA 8X8 Armored Vehicle Market, https://www.marketresearchfuture.com/reports/mea-8x8-armored-vehicle-market-26481
MICE Tourism Market, https://www.marketresearchfuture.com/reports/mice-tourism-market-26429
Automotive Accessories Market, https://www.marketresearchfuture.com/reports/automotive-accessories-market-11345
Automotive Carpet and Floor Material Market, https://www.marketresearchfuture.com/reports/automotive-carpet-and-floor-material-market-26435
Automotive Communication Protocol Market, https://www.marketresearchfuture.com/reports/automotive-communication-protocol-market-26411
Destroyer Market, https://www.marketresearchfuture.com/reports/destroyer-market-26416
Electric Trolling Motor Market, https://www.marketresearchfuture.com/reports/electric-trolling-motor-market-26512
Hydrogen Buses Market, https://www.marketresearchfuture.com/reports/hydrogen-buses-market-26605
Vehicle Power Distribution Module Market, https://www.marketresearchfuture.com/reports/vehicle-power-distribution-module-market-26606
About Market Research Future:
Market Research Future® (Part of WantStats Research and Media Pvt. Ltd.) has specialized research analysts in the areas of Aerospace & Defense, Automotive, C&M, Energy & Power, F&B, Healthcare & Pharmaceutical, ICT, Industrial Equipment, Packaging Construction & Mining and Semiconductor. Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR's approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and about what action to take based on these aspects.
Contact
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
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 Size Share and Forecast with Key Players and Growing Demand Analysis to 2032 here
News-ID: 3730469 • Views: …
More Releases from MRFR
U.S. Offshore Wind Market: Scaling Clean Power Along the Coasts with Floating an …
The U.S. Offshore Wind Market is entering a transformative era as federal and state governments, energy developers, and technology providers unite to harness the vast wind energy potential of the Atlantic and Pacific coastlines. Once lagging Europe and Asia, the United States is now rapidly building momentum with bold policy support, multibillion-dollar investments, and ambitious renewable energy targets.
With an estimated technical potential exceeding 2,000 GW-nearly double the nation's current electricity…
U.S. Smart Gas Meter Market: Digitizing Utility Networks for Safety, Accuracy, a …
The U.S. Smart Gas Meter Market is experiencing a strong surge as utilities across the country upgrade traditional gas meters with intelligent, connected solutions. These advanced meters enable real-time monitoring, data analytics, and remote management of gas usage, aligning with broader trends in smart grid development, customer engagement, and infrastructure modernization.
As the U.S. energy landscape evolves with an emphasis on efficiency, transparency, and sustainability, smart gas meters are playing an…
Brazil Solar Inverter Market: Driving Clean Energy Access with Smart Solar Solut …
As one of the largest renewable energy producers in Latin America, Brazil is rapidly embracing solar power as a key component of its clean energy mix. At the heart of this transformation lies the solar inverter-a critical technology that converts direct current (DC) from photovoltaic (PV) panels into usable alternating current (AC). The Brazil Solar Inverter Market is growing steadily, driven by supportive government policies, grid modernization, and increasing demand…
Renewables Blade Repair & Maintenance Market: Extending Wind Turbine Lifespan Th …
The global shift to clean energy has made wind power a cornerstone of sustainable electricity generation. As wind installations expand globally, the importance of maintaining and repairing turbine components-especially blades-has grown significantly. The Renewables Blade Repair & Maintenance Market has emerged as a critical segment in ensuring long-term performance, safety, and return on investment for both onshore and offshore wind assets.
Request To Free Sample of Report: https://www.marketresearchfuture.com/sample_request/43415
Key Companies in the…
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),…
