The Global Vehicle Tracking Market Size was calculated USD 6.7 billion in 2017 and is estimated to reach USD xx.xx by 2025 with CAGR of 7.12% from 2019-2025. The vehicle tracking system was developed for tracking and managing the vehicle movement with the help of Global Positioning System, mobiles, computers, hardware interface, and others. It also increases the revenue created from the sales of complete solution, which includes hardware, software and other subscription fees along with the data reporting technology. The market uses more advanced technologies in terms of business such as GPS, GSM/ GPRS, digital maps, specialized software, and others.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global vehicle tracking market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global vehicle tracking market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.    

Segment Analysis

By Technology Analysis: By active vehicle tracking devices is expected to master the industry share growth due its advantageous application in various fields due to ease in real time monitoring, automatic reassignment, accurate time information, labour law acceptance and multiple networks. Passive vehicle tracking are unlikely to dominate the market because of its ease access by the driver to uninstall the product. It is expected to lead with a CAGR of 7.7% during its forecast period. Increases in consumer preferences towards easy and quick installation do drive the segment demand during the projected period.

By Vehicle Analysis: It is segmented as Commercial Vehicles, Passenger Vehicles, and PCV, LCV, HCV, and Two-Wheeler vehicles. Passengers vehicles are assumed to dominate the market during its forecast span due to increase in fleet operators mainly in emanate market. The fleet operators are a key factor that contributes toward the growth of this industry. LCVs are also expected to contribute the market in its forecast span. Increasing demand of commercial with rising construction activities across the global market may also contribute to the market shares.

By Application Analysis: The vehicle tracking market application analysisis  segmented as Private Cars, Logistics, Construction, Fleet Management, Two-Wheeler Tracking and Mobile Tracking, Cellular Tracking, Satellite Tracking and others. The fleet management will reveal a healthy growth during the study period. Evolution in mobile apps and mobile technology for logistics transportability is boosting the industry size.

By Industrial Vertical Analysis: Transportation & Logistics, Construction & Manufacturing, Aviation are the major industrial vertical. Transport and Logistics are dominating the industrial vertical size. Aviation and other segment will contribute the significant growth in the forecasted period.

Regional Analysis

The global vehicle tracking market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. North America is expected to dominate the market over its forecast span. In addition lots of technology providers along with crucial automobiles across the region are boosting the industry size. Pronouncement such as the U.S. Code of Federal Regulations and the Federal Motor Carrier Safety Administration are contributing striking role in the overall business demand. Asia Pacific vehicle tracking industry is estimated to count more in the market due to increasing automotive and industrial production region it’s accounted to boot the market size in its forecast span. Europe is expected to grow market size in its span due to modern technology, high priority on the security and increasing trends of autonomous cars. Middle East and Africa held the measurable growth in the global market in 2018 and will expand at the significant CAGR during the forecast years.    

Global Vehicle Tracking Market Size, Share Analysis By Region 2017  

Global Vehicle Tracking Market Study Objective

1. To forecast the market size of vehicle tracking market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of vehicle tracking market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have major impact on the growth of vehicle tracking market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of vehicle tracking market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the vehicle tracking market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape 

Major Key operators include Matrix, GPS-Track, AVL View, TrackMe, India Mart, eBay, Amazon, Geek Buying, Snap Deal, Flipkart, Shopclues, Safekar, UPTELA, trackimo, nuevastech, Pricol Limited, US Fleet Tracking, Mobiliz, Global Tracking Group, LLC., RAM Tracking, Concox, Meitrack Group, and Nero Global. etc.

Global Vehicle Tracking Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.