Vehicle Tracking System Market
Vehicle Tracking System Market Size, Share & Trends Analysis Report by Component (Hardware and Software), by Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles), and by Technology (GPS/Satellite, GPRS/Cellular Network and Dual Mode), by End-Users (Transportation & Logistic, Aviation, Retail, Government & Defense, and Other), Forecast Period (2024-2031)
Vehicle tracking system market is anticipated to grow at a CAGR of 9.2% during the forecast period (2024-2031). The growing adoption of advance vehicle tracking technology with improving security is the key factor supporting the growth of the market globally. As the number of luxury vehicles stolen has increased significantly in recent years as car thieves deploy ever-more sophisticated technology. The market players are also focusing on introducing advance vehicle tracking system solutions that further bolster the market growth. For instance, in July 2023, Chubb Partnered with Global Telemetric and launched a vehicle tracker in the UK to help protect the insurer's customers from car theft. A stolen vehicle recovery and billing platform, available to customers Chubb's UK Personal Risk Services (PRS).
Segmental Outlook
The global vehicle tracking system market is segmented on the components, vehicle type, technology, and end users. Based on the component, the market is sub-segmented into hardware (OBD device/ tracker and advance tracker and standalone tracker) and software (performance management, vehicle diagnostics, fleet analytics & reporting and driver behavior monitoring). Based on the vehicle type, the market is sub-segmented into passenger vehicles, light commercial vehicles and heavy commercial vehicles. Based on the technology, the market is sub-segmented into GPS/satellite, GPRS/cellular network and dual mode. Further, on the basis of end users, the market is sub-segmented into transportation & logistic, aviation, retail, government & defense and other (construction & manufacturing). Among the technology, the GPS/satellite sub-segment is anticipated to hold a considerable share of the market owing to the increase in adoption of GPS/satellite navigation in telematics by providing accurate and reliable location data for vehicles.
The Software Sub-Segment is Anticipated to Hold a Considerable Share of the Global Vehicle Tracking System Market
Among the components, the software sub-segment is expected to hold a considerable share of the global vehicle tracking system market. The segmental growth is attributed to the growing influence of the real-time vehicle tracking, which is provided by software using an online global positioning system (GPS) and sensors that follow the locations of the units along any given route. Speed, fuel, and temperature statistics are also monitored. Market players focused on M2M plans with features including sensors that track unit positions on any given route and real-time vehicle tracking via an online GPS. For instance, in July 2020, Kuwait Telecommunications Company STC launched a new IoT strategy, M2M plans, and advanced fleet management solutions. The software features real-time vehicle tracking through an online GPS and sensors that track unit locations on any specified route, monitoring speed, fuel and temperature statistics.
Regional Outlook
The global vehicle tracking system market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, Asia-Pacific is anticipated to hold a prominent share of the market across the globe, owing to the rising adoption of fleet management solutions and government regulations for installing tracking devices in all vehicles to track their location and speed.
Global Vehicle Tracking System Market Growth, by Region 2024-2031
The North America Region is Expected to Grow at a Significant CAGR in the Global Vehicle Tracking System Market
Among all regions, North America region is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to the growing adoption of sustainable fleet management solution. Sustainable fleet management solution is designed to support Commercial fleet electrification with increased regulatory incentives and reporting requirements. For instance, in April 2023, Samsara Inc. launched a sustainable fleet management solution to help customers advance toward sustainability goals. Sustainable operations are influencing leaders to better track and report on their progress toward these milestones.
Market Players Outlook
The major companies serving the vehicle tracking system market include Garmin Ltd., ORBCOMM Inc., Quartix Inc., Queclink Wireless Solutions Co., Ltd. , Samsara Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in January 2024, CerebrumX Labs Inc. partnership with HD Fleet for vehicle safety by integrating GPS tracking and video monitoring solutions using dashcams with embedded vehicle data to deliver more comprehensive driver and vehicle insights. .
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global vehicle tracking system market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Garmin Ltd.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. ORBCOMM Inc.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Samsara Inc.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Vehicle Tracking System Market by Component
4.1.1. Hardware
4.1.1.1. OBD Device/ Tracker and Advance Tracker
4.1.1.2. Standalone Tracker
4.1.2. Software
4.1.2.1. Performance Management
4.1.2.2. Vehicle Diagnostics
4.1.2.3. Fleet Analytics & Reporting
4.1.2.4. Driver Behavior Monitoring
4.2. Global Vehicle Tracking System Market by Vehicle Type
4.2.1. Passenger Vehicles
4.2.2. Light Commercial Vehicles
4.2.3. Heavy Commercial Vehicles
4.3. Global Vehicle Tracking System Market by Technology
4.3.1. Transportation
4.3.2. GPS/Satellite
4.3.3. GPRS/Cellular Network
4.3.4. Dual Mode
4.4. Global Vehicle Tracking System Market by End-Users
4.4.1. Transportation & Logistic
4.4.2. Aviation
4.4.3. Retail
4.4.4. Government & Defense
4.4.5. Other (Construction & Manufacturing)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Azuga™ Inc.
6.2. CalAmp Corp.
6.3. Fleet Complete
6.4. Geotab Inc.
6.5. GpsGate
6.6. LiveViewGPS Inc.
6.7. Quartix Inc.
6.8. Queclink Wireless Solutions Co., Ltd.
6.9. Rhino Fleet Tracking
6.10. Spireon, LLC
6.11. Telenav, Inc.
6.12. Teletrac Navman US Ltd.
6.13. TomTom International BV
6.14. Trackimo
6.15. Verizon Connect
1. GLOBAL VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2023-2031 ($ MILLION)
2. GLOBAL VEHICLE TRACKING SYSTEM HARDWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
3. GLOBAL VEHICLE TRACKING SYSTEM SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
4. GLOBAL VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2023-2031 ($ MILLION)
5. GLOBAL VEHICLE TRACKING SYSTEM FOR PASSENGER VEHICLES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
6. GLOBAL VEHICLE TRACKING SYSTEM FOR COMMERCIAL VEHICLE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
7. GLOBAL VEHICLE TRACKING SYSTEM FOR HEAVY COMMERCIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
8. GLOBAL VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2023-2031 ($ MILLION)
9. GLOBAL GPS/SATELLITE BASED VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
10. GLOBAL GPRS/CELLULAR NETWORK BASED VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
11. GLOBAL DUAL MODE BASED VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
12. GLOBAL VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY END-USERS, 2023-2031 ($ MILLION)
13. GLOBAL VEHICLE TRACKING SYSTEM FOR TRANSPORTATION & LOGISTIC MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
14. GLOBAL VEHICLE TRACKING SYSTEM FOR AVIATION MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
15. GLOBAL VEHICLE TRACKING SYSTEM FOR RETAIL MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
16. GLOBAL VEHICLE TRACKING SYSTEM FOR GOVERNMENT & DEFENSE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
17. GLOBAL VEHICLE TRACKING SYSTEM FOR OTHER END-USERS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
18. GLOBAL VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
19. NORTH AMERICAN VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
20. NORTH AMERICAN VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2023-2031 ($ MILLION)
21. NORTH AMERICAN VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2023-2031 ($ MILLION)
22. NORTH AMERICAN VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2023-2031 ($ MILLION)
23. NORTH AMERICAN VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY END-USERS, 2023-2031 ($ MILLION)
24. EUROPEAN VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
25. EUROPEAN VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2023-2031 ($ MILLION)
26. EUROPEAN VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2023-2031 ($ MILLION)
27. EUROPEAN VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2023-2031 ($ MILLION)
28. EUROPEAN VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY END-USERS, 2023-2031 ($ MILLION)
29. ASIA- PACIFIC VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
30. ASIA- PACIFIC VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2023-2031 ($ MILLION)
31. ASIA- PACIFIC VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2023-2031 ($ MILLION)
32. ASIA- PACIFIC VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2023-2031 ($ MILLION)
33. ASIA- PACIFIC VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY END-USERS, 2023-2031 ($ MILLION)
34. REST OF THE WORLD VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
35. REST OF THE WORLD VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2023-2031 ($ MILLION)
36. REST OF THE WORLD VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2023-2031 ($ MILLION)
37. REST OF THE WORLD VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2023-2031 ($ MILLION)
38. REST OF THE WORLD VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY END-USERS, 2023-2031 ($ MILLION)
1. GLOBAL VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2023 VS 2031 (%)
2. GLOBAL VEHICLE TRACKING SYSTEM HARDWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
3. GLOBAL VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY HARDWARE, 2023 VS 2031 (%)
4. GLOBAL VEHICLE OBD DEVICE/ TRACKER AND ADVANCE TRACKING SYSTEM RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
5. GLOBAL VEHICLE STANDALONE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
6. GLOBAL VEHICLE TRACKING SYSTEM SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
7. GLOBAL VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY SOFTWARE, 2023 VS 2031 (%)
8. GLOBAL VEHICLE PERFORMANCE MANAGEMENT TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
9. GLOBAL VEHICLE DIAGNOSTICS TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
10. GLOBAL VEHICLE FLEET ANALYTICS & REPORTING TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
11. GLOBAL VEHICLE DRIVER BEHAVIOUR MONITORING TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
12. GLOBAL VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2023 VS 2031 (%)
13. GLOBAL VEHICLE TRACKING SYSTEM FOR PASSENGER VEHICLES MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
14. GLOBAL VEHICLE TRACKING SYSTEM FOR LIGHT COMMERCIAL VEHICLE MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
15. GLOBAL VEHICLE TRACKING SYSTEM FOR HEAVY COMMERCIAL VEHICLE MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
16. GLOBAL VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2023 VS 2031 (%)
17. GLOBAL GPS/SATELLITE BASED VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
18. GLOBAL GPRS/CELLULAR NETWORK BASED VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
19. GLOBAL DUAL MODE BASED VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
20. GLOBAL VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY END-USERS, 2023 VS 2031 (%)
21. GLOBAL VEHICLE TRACKING SYSTEM FOR TRANSPORTATION & LOGISTIC MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
22. GLOBAL VEHICLE TRACKING SYSTEM FOR AVIATION MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
23. GLOBAL VEHICLE TRACKING SYSTEM FOR RETAIL MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
24. GLOBAL VEHICLE TRACKING SYSTEM FOR GOVERNMENT & DEFENSE MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
25. GLOBAL VEHICLE TRACKING SYSTEM FOR OTHER END-USERS MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
26. GLOBAL VEHICLE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
27. US VEHICLE TRACKING SYSTEM MARKET SIZE, 2023-2031 ($ MILLION)
28. CANADA VEHICLE TRACKING SYSTEM MARKET SIZE, 2023-2031 ($ MILLION)
29. UK VEHICLE TRACKING SYSTEM MARKET SIZE, 2023-2031 ($ MILLION)
30. FRANCE VEHICLE TRACKING SYSTEM MARKET SIZE, 2023-2031 ($ MILLION)
31. GERMANY VEHICLE TRACKING SYSTEM MARKET SIZE, 2023-2031 ($ MILLION)
32. ITALY VEHICLE TRACKING SYSTEM MARKET SIZE, 2023-2031 ($ MILLION)
33. SPAIN VEHICLE TRACKING SYSTEM MARKET SIZE, 2023-2031 ($ MILLION)
34. REST OF EUROPE VEHICLE TRACKING SYSTEM MARKET SIZE, 2023-2031 ($ MILLION)
35. INDIA VEHICLE TRACKING SYSTEM MARKET SIZE, 2023-2031 ($ MILLION)
36. CHINA VEHICLE TRACKING SYSTEM MARKET SIZE, 2023-2031 ($ MILLION)
37. JAPAN VEHICLE TRACKING SYSTEM MARKET SIZE, 2023-2031 ($ MILLION)
38. SOUTH KOREA VEHICLE TRACKING SYSTEM MARKET SIZE, 2023-2031 ($ MILLION)
39. REST OF ASIA-PACIFIC VEHICLE TRACKING SYSTEM MARKET SIZE, 2023-2031 ($ MILLION)
40. REST OF THE WORLD VEHICLE TRACKING SYSTEM MARKET SIZE, 2023-2031 ($ MILLION)
