Global Vehicle Tracking Systems Market Overview :
Global Vehicle Tracking Systems market is estimated to reach $ 15,014.2 Million by 2025; growing at a CAGR of 20.1% till 2025. A vehicle tracking system syndicates the use of automatic vehicle location in individual vehicles with software that collects these fleet data for a comprehensive picture of vehicle locations. GPS or GLONASS technology are prominently used for vehicle triangulation. Urban public transit authorities are an increasingly common user of vehicle tracking systems, particularly in large cities.
Global Vehicle Tracking Systems Market: Growth Factors
Rising adoption of intelligent transport systems, Safety, and security concern within transportation services, Rising fleet operations, especially in the emerging markets are key driving factors of the market. However, Increasing choices creating market shifts might hamper the market growth. Winning new customer segments from diverse industry verticals would provide lucrative opportunities for the market in the coming years.
Global Vehicle Tracking Systems Market: Segmentation
The global Vehicle Tracking Systems market is mainly classified based on Type, Vehicle Type, Application, and Industry Vertical. Type is further segmented into Active and Passive. By Vehicle Type, the market is divided into Commercial Vehicles and Passenger Vehicle. By Application, the market is further divided into Mobile Tracking, Cellular Tracking, and Satellite Tracking. By Industry Vertical, the global Vehicle Tracking Systems market is divided as Transportation and Logistics, Construction, Aviation, Retail, Government, and Other Industry Verticals.
Global Vehicle Tracking Systems Market: Regional Analysis
Based on geography, the global Vehicle Tracking Systems market is divided into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is segmented into South America, the Middle East, and Africa
Global Vehicle Tracking Systems Market: Competitive Players
Key players operating in the market include AT&T Inc., Cartrack Holdings Limited, Continental AG, Robert Bosch GmbH, Verizon Communication Inc., Spireon Inc., Geotab Inc., Inseego Corp., Tomtom, Inc., and Teletrac Navman US Ltd.
Vehicle Tracking Systems Market Key Segments:
By Vehicle Type
- Commercial Vehicles
- Passenger Vehicle
- Mobile Tracking
- Cellular Tracking
- Satellite Tracking
By Industry Vertical
- Transportation and Logistics
- Other Industry Verticals
- North America
- The U.S.
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Rest of the World
- South America
- Middle East
Key Market Players
- AT&T Inc.
- Cartrack Holdings Limited
- Continental AG
- Robert Bosch GmbH
- Verizon Communication Inc.
- Spireon Inc.
- Geotab Inc.
- Inseego Corp.
- Tomtom, Inc.
- Teletrac Navman US Ltd
What Report Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies to fortify their foothold in the market