Global Vehicle Tracking System Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026
"Global Vehicle Tracking System Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global vehicle tracking system market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. 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. Global vehicle tracking system market report has been segmented on the basis of product type, vehicle type, end-user and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analysed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Vehicle tracking system is the system that allows tracking and controlling of vehicles via an online computer, smart phone, tablet, etc. on a round the clock basis. Vehicle tracking system or Automatic Vehicle Location System (AVL) is now one of the most popular technological changes in all over the world that is going to make personal and business life lot easier. Primarily, the system functions with the help of different technologies like Global Positioning System (GPS), traditional cellular network such as Global System for Mobile Communications (GSM) and other radio frequency medium. It makes possible an instantaneous and history tracking of vehicle speeds, routes followed, stopping points, idling times on maps providing a registry as well as check point with past and present reports.
Government initiatives to implement tracking systems in cars and rise in demand for automobile sector, are some of the driving factors which will fuel the global vehicle tracking system market growth. With advancements in technology such as enhanced satellite view and voice enabled smart vehicle tracking system are expected to witness a boost and thereby the technology is anticipated to gain prominence. However, some factors such as high cost involved in installation of these systems and lack of consumer awareness, are expected to hamper demand for target product over the forecast period.
Geographically, North America vehicle tracking system market is one of the leading region in terms of highest revenue share. In North America, devices such as GPS, Navigation Satellite System are widely used for locating the vehicle and to track the location all the time, in commercial as well as for the personal purposes. Regulatory Authorities such as the U.S. Code of Federal Regulations (CFR) and the Federal Motor Carrier Safety Administration (FMCSA) are mandating the installation of such devices in vehicles, which will further support the regional dominance. Also, Asia Pacific vehicle tracking system market is expected to lead the global market owing to the substantial automobile production coupled with stringent regulations, especially in developing countries. Moreover, supportive government programs, various events and conferences, and product launches are also some driving factors which are supporting growth of the regional vehicle tracking system market.
Recently in 2015, Brazilian government mandated the installation of anti-theft devices in all the vehicles produced and imported in the country. These devices will be capable of tracking the vehicle at every moment. These regulations are likely to offer stable growth prospects to the vehicle tracking market share over the forecast timeline.
Segmentation on the basis of Product:
Segmentation on the basis of Vehicle type:
- Commercial vehicle
- Passenger vehicle
Segmentation on the basis of End-user:
- Transportation & logistics
- Metals & mining
Segmentation on the basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- AT&T Intellectual Property
- Comm-Port Technologies
- Continental AG
- Delphi Automotive LLP
- Eresource ERP
- Magna International Inc.
- Robert Bosch GmbH
- Zonar Systems
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