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Vehicle Tracking System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global vehicle tracking system market reached a value of US$ 20.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 45.1 Billion by 2027, exhibiting a CAGR of 13.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Vehicle tracking system refers to an advanced software that relies on global positioning systems (GPS) and cellular networks for acquiring location information and monitoring automobile performance. It includes vehicle maintenance, diagnostics, route optimization, surveillance and safety, and fuel management solutions. These systems assist in supervising various non-compliant employee behavior, reducing downtime, delivering data in real-time to fleet operators for resolving vehicle problems, and providing instant alerts at the time of emergency. On account of these properties, vehicle tracking systems are extensively employed in passenger cars and commercial vehicles. At present, it is commercially available in active and passive tracking solution types. 

Vehicle Tracking System Market Trends:

With the significant expansion in the automotive sector, there has been increasing demand for effective real-time monitoring solutions for accurate data collection. This can be attributed to the rising safety and security concerns amongst consumers, which is one of the prime factors currently driving the vehicle tracking system market growth. Additionally, the rapid growth in ride-hailing companies and the growing presence of mobility-as-a-services (MaaS) and app-based transportation services has further intensified the adoption of vehicle tracking systems in passenger cars and commercial vehicles, which is positively impacting the market growth. In line with this, various ongoing technological innovations, such as the integration of GPS, the Internet of things (IoT) and telematics to achieve higher operational efficiency, is acting as another major growth-inducing factor. They assist fleet managers in planning and identifying effective routes, addressing vehicle maintenance issues remotely, and monitoring automobile health through wireless communication. Other factors, such as strategic collaborations amongst key players and extensive research and development (R&D) activities to introduce cellular vehicle tracking systems for autonomous and semi-autonomous vehicles, are creating a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global vehicle tracking system market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, type, vehicle type, application and industry vertical.

Breakup by Component:

  • Hardware
    • OBD Device/Tracker
    • Standalone Tracker
  • Software
    • Vehicle Diagnostics
    • Performance Measurement
    • Fleet Analytics and Reporting
    • Others
       

Breakup by Type:

  • Active
  • Passive
     

Breakup by Vehicle Type:

  • Commercial Vehicles
  • Passenger Vehicles
     

Breakup by Application:

  • Mobile Tracking
  • Cellular Tracking
  • Satellite Tracking
     

Breakup by Industry Vertical:

  • Transportation and Logistics
  • Construction and Manufacturing
  • Aviation
  • Retail
  • Government
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being AT&T Inc., Cartrack, Continental AG, Geotab Inc., Inseego Corp., Orbcomm, Robert Bosch GmbH, Spireon Inc., Teletrac Navman (Vontier Corporation), TomTom N.V. and Verizon Communications Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Component, Type, Vehicle Type, Application, Industry Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered AT&T Inc., Cartrack, Continental AG, Geotab Inc., Inseego Corp., Orbcomm, Robert Bosch GmbH, Spireon Inc., Teletrac Navman (Vontier Corporation), TomTom N.V. and Verizon Communications Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global vehicle tracking system market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global vehicle tracking system market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the vehicle type?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the industry vertical?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global vehicle tracking system market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Vehicle Tracking System Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Component
    6.1    Hardware
        6.1.1 Market Trends
        6.1.2 Key Segments
           6.1.2.1 OBD Device/Tracker
           6.1.2.2 Standalone Tracker
        6.1.3 Market Forecast
    6.2    Software
        6.2.1 Market Trends
        6.2.2 Key Segments
           6.2.2.1 Vehicle Diagnostics
           6.2.2.2 Performance Measurement
           6.2.2.3 Fleet Analytics and Reporting
           6.2.2.4 Others
        6.2.3 Market Forecast
7    Market Breakup by Type
    7.1    Active
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Passive
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Vehicle Type
    8.1    Commercial Vehicles
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Passenger Vehicles
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Application
    9.1    Mobile Tracking
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Cellular Tracking
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Satellite Tracking
        9.3.1 Market Trends
        9.3.2 Market Forecast
10    Market Breakup by Industry Vertical
    10.1    Transportation and Logistics
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Construction and Manufacturing
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Aviation
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4    Retail
        10.4.1 Market Trends
        10.4.2 Market Forecast
    10.5    Government
        10.5.1 Market Trends
        10.5.2 Market Forecast
    10.6    Others
        10.6.1 Market Trends
        10.6.2 Market Forecast
11    Market Breakup by Region
    11.1    North America
        11.1.1 United States
           11.1.1.1 Market Trends
           11.1.1.2 Market Forecast
        11.1.2 Canada
           11.1.2.1 Market Trends
           11.1.2.2 Market Forecast
    11.2    Asia-Pacific
        11.2.1 China
           11.2.1.1 Market Trends
           11.2.1.2 Market Forecast
        11.2.2 Japan
           11.2.2.1 Market Trends
           11.2.2.2 Market Forecast
        11.2.3 India
           11.2.3.1 Market Trends
           11.2.3.2 Market Forecast
        11.2.4 South Korea
           11.2.4.1 Market Trends
           11.2.4.2 Market Forecast
        11.2.5 Australia
           11.2.5.1 Market Trends
           11.2.5.2 Market Forecast
        11.2.6 Indonesia
           11.2.6.1 Market Trends
           11.2.6.2 Market Forecast
        11.2.7 Others
           11.2.7.1 Market Trends
           11.2.7.2 Market Forecast
    11.3    Europe
        11.3.1 Germany
           11.3.1.1 Market Trends
           11.3.1.2 Market Forecast
        11.3.2 France
           11.3.2.1 Market Trends
           11.3.2.2 Market Forecast
        11.3.3 United Kingdom
           11.3.3.1 Market Trends
           11.3.3.2 Market Forecast
        11.3.4 Italy
           11.3.4.1 Market Trends
           11.3.4.2 Market Forecast
        11.3.5 Spain
           11.3.5.1 Market Trends
           11.3.5.2 Market Forecast
        11.3.6 Russia
           11.3.6.1 Market Trends
           11.3.6.2 Market Forecast
        11.3.7 Others
           11.3.7.1 Market Trends
           11.3.7.2 Market Forecast
    11.4    Latin America
        11.4.1 Brazil
           11.4.1.1 Market Trends
           11.4.1.2 Market Forecast
        11.4.2 Mexico
           11.4.2.1 Market Trends
           11.4.2.2 Market Forecast
        11.4.3 Others
           11.4.3.1 Market Trends
           11.4.3.2 Market Forecast
    11.5    Middle East and Africa
        11.5.1 Market Trends
        11.5.2 Market Breakup by Country
        11.5.3 Market Forecast
12    SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
14    Porters Five Forces Analysis
    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Price Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    AT&T Inc.
           16.3.1.1 Company Overview
           16.3.1.2 Product Portfolio
           16.3.1.3 Financials
           16.3.1.4 SWOT Analysis
        16.3.2    Cartrack
           16.3.2.1 Company Overview
           16.3.2.2 Product Portfolio
        16.3.3    Continental AG
           16.3.3.1 Company Overview
           16.3.3.2 Product Portfolio
           16.3.3.3 Financials
           16.3.3.4 SWOT Analysis
        16.3.4    Geotab Inc.
           16.3.4.1 Company Overview
           16.3.4.2 Product Portfolio
        16.3.5    Inseego Corp.
           16.3.5.1 Company Overview
           16.3.5.2 Product Portfolio
           16.3.5.3 Financials
        16.3.6    Orbcomm
           16.3.6.1 Company Overview
           16.3.6.2 Product Portfolio
           16.3.6.3 SWOT Analysis
        16.3.7    Robert Bosch GmbH
           16.3.7.1 Company Overview
           16.3.7.2 Product Portfolio
           16.3.7.3 SWOT Analysis
        16.3.8    Spireon Inc.
           16.3.8.1 Company Overview
           16.3.8.2 Product Portfolio
        16.3.9    Teletrac Navman (Vontier Corporation)
           16.3.9.1 Company Overview
           16.3.9.2 Product Portfolio
        16.3.10    TomTom N.V.
           16.3.10.1 Company Overview
           16.3.10.2 Product Portfolio
           16.3.10.3 Financials
           16.3.10.4 SWOT Analysis
        16.3.11    Verizon Communications Inc.
           16.3.11.1 Company Overview
           16.3.11.2 Product Portfolio
           16.3.11.3 Financials
           16.3.11.4 SWOT Analysis

List of Figures

Figure 1: Global: Vehicle Tracking System Market: Major Drivers and Challenges
Figure 2: Global: Vehicle Tracking System Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Vehicle Tracking System Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Vehicle Tracking System Market: Breakup by Component (in %), 2021
Figure 5: Global: Vehicle Tracking System Market: Breakup by Type (in %), 2021
Figure 6: Global: Vehicle Tracking System Market: Breakup by Vehicle Type (in %), 2021
Figure 7: Global: Vehicle Tracking System Market: Breakup by Application (in %), 2021
Figure 8: Global: Vehicle Tracking System Market: Breakup by Industry Vertical (in %), 2021
Figure 9: Global: Vehicle Tracking System Market: Breakup by Region (in %), 2021
Figure 10: Global: Vehicle Tracking System (Hardware) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Vehicle Tracking System (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Vehicle Tracking System (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Vehicle Tracking System (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Vehicle Tracking System (Active) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Vehicle Tracking System (Active) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Vehicle Tracking System (Passive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Vehicle Tracking System (Passive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Vehicle Tracking System (Commercial Vehicles) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Vehicle Tracking System (Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Vehicle Tracking System (Passenger Vehicles) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Vehicle Tracking System (Passenger Vehicles) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Vehicle Tracking System (Mobile Tracking) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Vehicle Tracking System (Mobile Tracking) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Vehicle Tracking System (Cellular Tracking) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Vehicle Tracking System (Cellular Tracking) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Vehicle Tracking System (Satellite Tracking) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Vehicle Tracking System (Satellite Tracking) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Vehicle Tracking System (Transportation and Logistics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Vehicle Tracking System (Transportation and Logistics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Vehicle Tracking System (Construction and Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Vehicle Tracking System (Construction and Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Vehicle Tracking System (Aviation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Vehicle Tracking System (Aviation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Vehicle Tracking System (Retail) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Vehicle Tracking System (Retail) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Vehicle Tracking System (Government) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Vehicle Tracking System (Government) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Vehicle Tracking System (Other Industry Verticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Vehicle Tracking System (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: North America: Vehicle Tracking System Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: North America: Vehicle Tracking System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: United States: Vehicle Tracking System Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: United States: Vehicle Tracking System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Canada: Vehicle Tracking System Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Canada: Vehicle Tracking System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Asia-Pacific: Vehicle Tracking System Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Asia-Pacific: Vehicle Tracking System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: China: Vehicle Tracking System Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: China: Vehicle Tracking System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Japan: Vehicle Tracking System Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Japan: Vehicle Tracking System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: India: Vehicle Tracking System Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: India: Vehicle Tracking System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: South Korea: Vehicle Tracking System Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: South Korea: Vehicle Tracking System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Australia: Vehicle Tracking System Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Australia: Vehicle Tracking System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Indonesia: Vehicle Tracking System Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Indonesia: Vehicle Tracking System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Others: Vehicle Tracking System Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Others: Vehicle Tracking System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Europe: Vehicle Tracking System Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Europe: Vehicle Tracking System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Germany: Vehicle Tracking System Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Germany: Vehicle Tracking System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: France: Vehicle Tracking System Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: France: Vehicle Tracking System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: United Kingdom: Vehicle Tracking System Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: United Kingdom: Vehicle Tracking System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Italy: Vehicle Tracking System Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Italy: Vehicle Tracking System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Spain: Vehicle Tracking System Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Spain: Vehicle Tracking System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Russia: Vehicle Tracking System Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Russia: Vehicle Tracking System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Others: Vehicle Tracking System Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Others: Vehicle Tracking System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Latin America: Vehicle Tracking System Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Latin America: Vehicle Tracking System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Brazil: Vehicle Tracking System Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Brazil: Vehicle Tracking System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Mexico: Vehicle Tracking System Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Mexico: Vehicle Tracking System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Others: Vehicle Tracking System Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Others: Vehicle Tracking System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Middle East and Africa: Vehicle Tracking System Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: Middle East and Africa: Vehicle Tracking System Market: Breakup by Country (in %), 2021
Figure 88: Middle East and Africa: Vehicle Tracking System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 89: Global: Vehicle Tracking System Industry: SWOT Analysis
Figure 90: Global: Vehicle Tracking System Industry: Value Chain Analysis
Figure 91: Global: Vehicle Tracking System Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Vehicle Tracking System Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Vehicle Tracking System Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Vehicle Tracking System Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 4: Global: Vehicle Tracking System Market Forecast: Breakup by Vehicle Type (in Million US$), 2022-2027
Table 5: Global: Vehicle Tracking System Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Global: Vehicle Tracking System Market Forecast: Breakup by Industry Vertical (in Million US$), 2022-2027
Table 7: Global: Vehicle Tracking System Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Vehicle Tracking System Market: Competitive Structure
Table 9: Global: Vehicle Tracking System Market: Key Players


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