Vehicle Tracking Systems Market: Global Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

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Vehicle Tracking System Market: By Component (Hardware, Software, Services), By System Type (Active Systems, Passive Systems), By Technology (GPS/Satellite, GPRS/Cellular Networks, Others), By Vehicle Type (Passenger Vehicles, Commercial Vehicles), By End User (Transportation & Logistics, Construction & Manufacturing, Aviation, Retail, Government & Defense, Others) and Geography

 

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Report

Description

Vehicle Tracking Systems Market size was valued at USD 18,597.4 million in 2021 and is expected to grow at a CAGR of 14.2%  during the forecast period 2022 to 2028. The report provides a detailed overview of the global Vehicle Tracking Systems Market, and that can be segmented by Component, by System Type, by Technology, by Vehicle Type, and by end user. By component, the global Vehicle Tracking Systems Market has been segmented into Hardware, Software, Services. The software segment is likely to be the largest and fastest-growing segment in terms of component. Based on system, the global Vehicle Tracking Systems Market is segmented into Active Systems, Passive Systems. Among these, the Active Systems segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on technology, the global Vehicle Tracking Systems Market is segmented into GPS/Satellite, GPRS/Cellular Networks, Others. The GPS/Satellite segment accounts for the largest share in 2021. GPRS/Cellular Networks segment is the second-largest share during the forecast period 2022-2028. Based on the vehicle type, the segment has been segregated into Passenger Vehicles, Commercial Vehicles. The Commercial Vehicles segment is expected to dominate other segments in the global Vehicle Tracking Systems Market. Based on end user, the global Vehicle Tracking Systems Market is segmented into Transportation & Logistics, Construction & Manufacturing, Aviation, Retail, Government & Defense, Others. The Transportation & Logistics accounts for the largest share in 2021.

 

Key Development:

In June 2019, Orbocomm Inc. created a Class B vessel tracking device in partnership with Pole Star Space Applications Limited and Weatherdock AG.

In April 2017, Globaltop Technology’s GNSS integrated module assets are owned by Sierra Wireless.

Vehicle Tracking Systems Market

MARKET SUMMARY
-
14.2% CAGR
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 14.2%
  • Largest Market– North American
  • Fastest Growing Market– Asia-Pacific

Vehicle Tracking Systems Market

  • The vehicle tracking systems market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The vehicle tracking systems market is segmented based on type, pressure rating, application, end use industry and geography.
Key Players
  • Verizon Communications Inc.
  • Teltonika
  • Geotab Inc.
  • TomTom, Inc.
  • Cartrack Holdings Limited
  • Continental AG
  • Robert Bosch GmbH
Vehicle Tracking Systems Market Dynamics

Drivers: Real-time monitoring, fuel management, and safety and security concerns are all integrated into transportation services. Additionally, during the forecast period, an increase in fleet operations, particularly in emerging regions, is anticipated to fuel the Vehicle Tracking Systems market revenue growth.


North-America Got Significant Share

Vehicle Tracking Systems Market

By region, North America is expected to witness the highest market share during the forecast period. It holds a tremendous potential market for global software and large number of commercial transport fleet operators.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East
Vehicle Tracking System Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The global Vehicle Tracking Systems Market size is valued at USD 18,597.4 million in 2021 and is expected to grow at a prominent growth rate during the forecast period 2022 to 2028.

 

 

Growing adoption of mobility as-a-service and rise in adoption of intelligent transport systems are trending in the Vehicle Tracking Systems Market worldwide.

 

 

The major key players in the global vehicle tracking system market are AT&T Inc. (US), Cartrack Holdings Limited (South Africa), Continental AG (Germany), Robert Bosch GmbH (Germany), Verizon Communications Inc. (US), Spireon, Inc. (US), Geotab Inc. (Canada), Inseego Corp. (US), US Fleet Tracking (US), and TRACK GROUP (US).


Report

Table Of Content

1. Executive Summary
2. Global Vehicle Tracking System Market Introduction
2.1. Global Vehicle Tracking System Market – Taxonomy
2.2. Global Vehicle Tracking System Market –Definitions
2.2.1. Component
2.2.2. System Type
2.2.3. Technology
2.2.4. Vehicle Type
2.2.5. End User
2.2.6. By Region
3. Global Vehicle Tracking System Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Vehicle Tracking System Market Dynamic Factors – Impact Analysis
3.6. Global Vehicle Tracking System Market – Competition Landscape
4. Global Vehicle Tracking System Market Analysis, 2017-2021 and Forecast, 2022-2028
4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Vehicle Tracking System Market, Component, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1. Hardware
5.1.1. Market Analysis, 2016 – 2020 and Forecast, 2021 – 2027 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Software
5.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Services
5.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global Vehicle Tracking System Market, System Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1. Active Systems
6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Passive System
6.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
7. Global Vehicle Tracking System Market, Technology, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1. GPS/Satellite
7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. GPRS/Cellular Networks
7.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Others
7.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
8. Global Vehicle Tracking System Market, Vehicle Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1. Passenger Vehicles
8.1.1. Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Commercial Vehicles
8.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
9. Global Vehicle Tracking System Market, By End User, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1. Transportation & Logistics
9.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Construction & Manufacturing
9.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Aviation
9.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Retail
9.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. Government & Defense
9.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Others
9.6.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.6.3. Market Opportunity Analysis
10. Global Vehicle Tracking System Market Forecast, By Region, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.1. North America
10.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.1.3. Market Opportunity Analysis
10.2. Europe
10.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.2.3. Market Opportunity Analysis
10.3. Asia-Pacific
10.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.3.3. Market Opportunity Analysis
10.4. Latin America
10.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.4.3. Market Opportunity Analysis
10.5. Middle East and Africa
10.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.5.3. Market Opportunity Analysis
10.6. Global Vehicle Tracking System Market – Opportunity Analysis Index, Component, System Type, Technology, Vehicle Type, End User, and Region, 2022-2028
11. North America Vehicle Tracking System Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
11.1. Component Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Hardware
11.1.2. Software
11.1.3. Services
11.2. System Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Active Systems
11.2.2. Passive Systems
11.3. Technology Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. GPS/Satellite
11.3.2. GPRS/Cellular Networks
11.3.3. Others
11.4. Vehicle Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.4.1. Passenger Vehicles
11.4.2. Commercial Vehicles
11.5. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.5.1. Transportation & Logistics
11.5.2. Construction & Manufacturing
11.5.3. Aviation
11.5.4. Retail
11.5.5. Government & Defense
11.5.6. Others
11.6. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.6.1. USA
11.6.2. Canada
11.7. North America Vehicle Tracking System Market – Opportunity Analysis Index, Component, System Type, Technology, Vehicle Type, End User, and Country, 2022-2028
11.8. North America Vehicle Tracking System Market Dynamics – Trends
12. Europe Vehicle Tracking System Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
12.1. Component Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Hardware
12.1.2. Software
12.2. System Type Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Active Systems
12.2.2. Passive Systems
12.3. Technology Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. GPS/Satellite
12.3.2. GPRS/Cellular Networks
12.3.3. Others
12.4. Vehicle Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.4.1. Passenger Vehicles
12.4.2. Commercial Vehicles
12.5. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.5.1. Transportation & Logistics
12.5.2. Construction & Manufacturing
12.5.3. Aviation
12.5.4. Retail
12.5.5. Government & Defense
12.5.6. Others
12.6. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.6.1. Germany
12.6.2. UK
12.6.3. France
12.6.4. Spain
12.6.5. Italy
12.6.6. Russia
12.6.7. Rest of Europe
12.7. Europe Vehicle Tracking System Market – Opportunity Analysis Index, Component, System Type, Technology, Vehicle Type, End User, and Country, 2022-2028
12.8. Europe Vehicle Tracking System Market Dynamics – Trends
13. Asia-Pacific Vehicle Tracking System Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
13.1. Component Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Hardware
13.1.2. Software
13.1.3. Services
13.2. System Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Active Systems
13.2.2. Passive Systems
13.3. Technology Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. GPS/Satellite
13.3.2. GPRS/Cellular Networks
13.3.3. Others
13.4. Vehicle Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.4.1. Passenger Vehicles
13.4.2. Commercial Vehicles
13.5. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.5.1. Transportation & Logistics
13.5.2. Construction & Manufacturing
13.5.3. Aviation
13.5.4. Retail
13.5.5. Government & Defense
13.5.6. Others
13.6. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.6.1. China
13.6.2. India
13.6.3. Japan
13.6.4. ASEAN
13.6.5. Australia & New Zealand
13.6.6. Rest of Asia-Pacific
13.7. Asia-Pacific Vehicle Tracking System Market – Opportunity Analysis Index, Component, System Type, Technology, Vehicle Type, End User, and Country, 2022-2028
13.8. Asia-Pacific Vehicle Tracking System Market Dynamics – Trends
14. Latin America Vehicle Tracking System Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
14.1. Component Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.1.1. Hardware
14.1.2. Software
14.1.3. Services
14.2. System Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.2.1. Active Systems
14.2.2. Passive Systems
14.3. Technology Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.3.1. GPS/Satellite
14.3.2. GPRS/Cellular Networks
14.3.3. Others
14.4. Vehicle Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.4.1. Passenger Vehicles
14.4.2. Commercial Vehicles
14.5. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.5.1. Transportation & Logistics
14.5.2. Construction & Manufacturing
14.5.3. Aviation
14.5.4. Retail
14.5.5. Government & Defense
14.5.6. Others
14.6. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
14.6.1. Brazil
14.6.2. Mexico
14.6.3. Rest of Latin America
14.7. Latin America Vehicle Tracking System Market – Opportunity Analysis Index, Component, System Type, Technology, Vehicle Type, End User, and Country, 2022-2028
14.8. Latin America Vehicle Tracking System Market Dynamics – Trends
15. Middle East and Africa Vehicle Tracking System Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
15.1. Component Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
15.1.1. Hardware
15.1.2. Software
15.1.3. Services
15.2. System Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
15.2.1. Active Systems
15.2.2. Passive Systems
15.3. Technology Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
15.3.1. GPS/Satellite
15.3.2. GPRS/Cellular Networks
15.3.3. Others
15.4. Vehicle Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
15.4.1. Passenger Vehicles
15.4.2. Commercial Vehicles
15.5. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
15.5.1. Transportation & Logistics
15.5.2. Construction & Manufacturing
15.5.3. Aviation
15.5.4. Retail
15.5.5. Government & Defense
15.5.6. Others
15.6. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
15.6.1. Gulf Cooperation Council (GCC) Countries
15.6.2. South Africa
15.6.3. Rest of MEA
15.7. MEA Vehicle Tracking System Market – Opportunity Analysis Index, Component, System Type, Technology, Vehicle Type, End User, and Country, 2022-2028
15.8. MEA Vehicle Tracking System Market Dynamics – Trends
16. Competition Landscape
16.1. Strategic Dashboard of Top Market Players
16.2. Company Profiles (Introduction, Financial Analysis, Key Offerings, Key Developments, Strategies, and SWOT Analysis)
16.2.1. Verizon Communications Inc.
16.2.2. Teltonika
16.2.3. Geotab Inc.
16.2.4. TomTom, Inc.
16.2.5. Cartrack Holdings Limited
16.2.6. Continental AG
16.2.7. Robert Bosch GmbH
16.2.8. AT&T Inc.
16.2.9. Global Tracking Group, LLC
16.2.10. Spireon, Inc.
17. Research Methodology
18. Key Assumptions and Acronyms

Report

Company Profile

  • Verizon Communications Inc.
  • Teltonika
  • Geotab Inc.
  • TomTom, Inc.
  • Cartrack Holdings Limited
  • Continental AG
  • Robert Bosch GmbH
  • AT&T Inc.
  • Global Tracking Group, LLC
  • Spireon, Inc.

Description

Vehicle Tracking Systems Market size was valued at USD 18,597.4 million in 2021 and is expected to grow at a CAGR of 14.2%  during the forecast period 2022 to 2028. The report provides a detailed overview of the global Vehicle Tracking Systems Market, and that can be segmented by Component, by System Type, by Technology, by Vehicle Type, and by end user. By component, the global Vehicle Tracking Systems Market has been segmented into Hardware, Software, Services. The software segment is likely to be the largest and fastest-growing segment in terms of component. Based on system, the global Vehicle Tracking Systems Market is segmented into Active Systems, Passive Systems. Among these, the Active Systems segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on technology, the global Vehicle Tracking Systems Market is segmented into GPS/Satellite, GPRS/Cellular Networks, Others. The GPS/Satellite segment accounts for the largest share in 2021. GPRS/Cellular Networks segment is the second-largest share during the forecast period 2022-2028. Based on the vehicle type, the segment has been segregated into Passenger Vehicles, Commercial Vehicles. The Commercial Vehicles segment is expected to dominate other segments in the global Vehicle Tracking Systems Market. Based on end user, the global Vehicle Tracking Systems Market is segmented into Transportation & Logistics, Construction & Manufacturing, Aviation, Retail, Government & Defense, Others. The Transportation & Logistics accounts for the largest share in 2021.

 

Key Development:

In June 2019, Orbocomm Inc. created a Class B vessel tracking device in partnership with Pole Star Space Applications Limited and Weatherdock AG.

In April 2017, Globaltop Technology’s GNSS integrated module assets are owned by Sierra Wireless.

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