Vehicle Tracking System Market - Forecast(2023 - 2028)

Report Code: AM 69442 Report Format: PDF + Excel
Overview
Vehicle tracking system market size is forecast to surpass $14.6 billion by 2025 growing at CAGR 14% during 2020-2025 owing to the growing demand for the live tracking for transit and passenger transportation services globally. Apart from this, the increase in adoption of fleet management in the e-retail space to enhance customer experience by availing real time package tracking to assist the market growth during the forecast period

Report Coverage
The report: “Vehicle Tracking System Market Report – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Vehicle tracking system Market. 
 
Key Takeaways
  • Active vehicle tracking system to dominate the market as well as grow at the highest rate during 2020-2025 owing to the increasing preference to live mobile vehicle tracking 
  • Passenger vehicle acquired the major share of the  vehicle tracking system market owing to the adoption of usage based insurance and growing passenger transport fleet operators
  • Retail vehicle tracking system market segment to witness the highest growth during 2020-2025 due to the increase in the influx of e-retail companies in the market space
  • APAC to witness the highest growth during the forecast period due to the rise of ride sharing and rental rides companies in the emerging economies 

Product Type - Segment Analysis
Active vehicle tracking system market held the majority of the share in 2019 and is also estimated to grow at the highest rate during 2020-2025 owing to the increase in demand for passenger ride services for office commutation and general commutation with mobile based live tracking of the vehicles. 

Vehicle Type - Segment Analysis
By vehicle type, the global vehicle tracking system market has been segmented by commercial and passenger vehicle. The passenger vehicle tracking system market held the major share of the market in 2019 owing to the broad based of fleet operators in developed economies and rapid increase of the same in emerging economies. The commercial vehicle segment is set to witness the highest growth during 2020-2025 owing to the increase in penetration of fleet management in the commercial transportation and logistics segment which mandates the incorporation of tracking systems in the vehicle to geofencing, asset tracking, fleet monitoring and other applications. The rise in rental self-drive vehicle demand and increase in usage based insurance in this sector is set to assist the market growth for vehicle tracking system during 2020-2025

Industry Vertical- Segment Analysis
The various industry verticals comprehended in the global vehicle tracking system market includes transportation and logistics, construction, retail, government and others. Retail vehicle tracking market is set to witness the highest growth of CAGR 16% during 2020-2025 owing to the rapid increase in the entry of companies in the e-retail sector. Since these offer live package tracking of the deliveries, the demand for vehicle tracking systems is also set to grow as these systems will be incorporated by the in-city logistics fleet. 

Geography - Segment Analysis
North America acquired the significant share of 40% of the global vehicle tracking system market in 2019 owing to the major users of fleet management for commercial vehicles in the transportation and logistics vertical. APAC is also set to witness the highest growth during 2020-2025 owing to the broad passenger vehicle user base, increase in the entry of ride sharing and rental car companies during the forecast period. 

Some of the biggest rental car startups across the globe includes eHI Car Services, Zuche, PPzuche, Reocar, Turo, Atzuche, iCarsclub, Zipcar, Silvercar, Drivy, Zoom Car and so on. The growing rental car startups across the globe is set to drive the vehicle tracking system market during the forecast period

Drivers – Vehicle Tracking System Industry Trends
  • The growing use of fleet management solutions
With the growing adoption of fleet management solutions in the commercial fleet tracking applications, has been analyzed to drive the demand for vehicle tracking system for vehicle monitoring, fuel management, compliance management, driving behavior, maintenance management and so on. The growing fleet size in the logistics and transportation vertical for intercity and in-city goods transport is set to play a major role in driving the adoption of various tracking systems based on GLONASS and GPS tracking thereby assisting the market growth during 2020-2025. 

Challenges – Vehicle Tracking System Market
  • Growing adoption of Smartphones
The growing number of smartphones across the globe is set to impose a severe challenge to the vehicle tracking system market. Smartphones feature inbuilt GPS positioning and navigation system which can be used as an alternative to vehicle tracking system. Apart from this, the growing use of smartphone applications for vehicle tracking, driver activity tracking and so on to further increase the impact of the challenge during the forecast period 2020-2025

Market Landscape
The vehicle tracking system market share analysis includes an in-depth assessment of the players operating in the market based on company size, global reach, product portfolio and various others. The Vehicle Tracking System top 10 companies includes Continental Ag, Delphi Automotive, Magna International Inc, Robert Bosch Gmbh, ATrack Technology Inc, Maestro Wireless Solutions Ltd., Comm-Port Technology, Teletrac Navman US Ltd, CalAmp Corp., Orbocomm Inc. and so on. The vehicle tracking system market has been analyzed to be fragmented with the degree of competition in the market owing to the high concentration of major as well as local suppliers

Product Launch and Acquisition
  • In July 2018, U-blox and Arvento Mobile Systems launched the imt.x1 vehicle tracking system, which uses U-blox’s positioning technology to detect panic braking
  • In November 2018, U‑blox and ERM Advanced Telematics, a provider of device based telematics systems, launched  StarLink TrackerWi‑Fi, a vehicle-tracking device with built-in Wi‑Fi hotspot
  • In July 2019, Ford Motor Company announced the acquisition of Journey Holding Corporation, for its vehicle tracking software and app-based technology for enhancing its mobility business services
1. Vehicle Tracking System Market - Overview
        1.1 Definitions and Scope
2. Vehicle Tracking System Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Vehicle Tracking System Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Vehicle Tracking System Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Vehicle Tracking System Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Vehicle Tracking System Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Vehicle Tracking System Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Vehicle Tracking System Market - By Product Type (Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
            8.3.1 Active
            8.3.2 Passive
9. Vehicle Tracking System Market - By Vehicle Type (Market Size -$Million / $Billion)
        9.1 Commercial Vehicle
        9.2 Passenger Vehicle
10. Vehicle Tracking System Market - By Industry Vertical (Market Size -$Million / $Billion)
        10.2.1 Transportation Logistics
        10.2.2 Construction
        10.2.3 Aviation
        10.2.4 Retail
         10.2.5 Government
11. Vehicle Tracking System - By Application (Market Size -$Million / $Billion)
        11.1 Segment type Size and Market Share Analysis
        11.2 Application Revenue and Trends by type of Application
        11.3 Application Segment Analysis by Type
            11.3.1 Mobile Tracking
            11.3.2 Online Tracking
            11.3.3 Satellite Based Tracking
12. Vehicle Tracking System- By Geography (Market Size -$Million / $Billion)
        12.1 Vehicle Tracking System Market - North America Segment Research
        12.2 North America Market Research (Million / $Billion)
            12.2.1 Segment type Size and Market Size Analysis
            12.2.2 Revenue and Trends
            12.2.3 Application Revenue and Trends by type of Application
            12.2.4 Company Revenue and Product Analysis
            12.2.5 North America Product type and Application Market Size
                  12.2.5.1 U.S
                  12.2.5.2 Canada
                  12.2.5.3 Mexico
                  12.2.5.4 Rest of North America
        12.3 Vehicle Tracking System- South America Segment Research
        12.4 South America Market Research (Market Size -$Million / $Billion)
            12.4.1 Segment type Size and Market Size Analysis
            12.4.2 Revenue and Trends
            12.4.3 Application Revenue and Trends by type of Application
            12.4.4 Company Revenue and Product Analysis
            12.4.5 South America Product type and Application Market Size
                  12.4.5.1 Brazil
                  12.4.5.2 Venezuela
                  12.4.5.3 Argentina
                  12.4.5.4 Ecuador
                  12.4.5.5 Peru
                  12.4.5.6 Colombia
                  12.4.5.7 Costa Rica
                  12.4.5.8 Rest of South America
        12.5 Vehicle Tracking System- Europe Segment Research
        12.6 Europe Market Research (Market Size -$Million / $Billion)
            12.6.1 Segment type Size and Market Size Analysis
            12.6.2 Revenue and Trends
            12.6.3 Application Revenue and Trends by type of Application
            12.6.4 Company Revenue and Product Analysis
            12.6.5 Europe Segment Product type and Application Market Size
                  12.6.5.1 U.K
                  12.6.5.2 Germany
                  12.6.5.3 Italy
                  12.6.5.4 France
                  12.6.5.5 Netherlands
                  12.6.5.6 Belgium
                  12.6.5.7 Denmark
                  12.6.5.8 Spain
                  12.6.5.9 Rest of Europe
        12.7 Vehicle Tracking System - APAC Segment Research
        12.8 APAC Market Research (Market Size -$Million / $Billion)
            12.8.1 Segment type Size and Market Size Analysis
            12.8.2 Revenue and Trends
            12.8.3 Application Revenue and Trends by type of Application
            12.8.4 Company Revenue and Product Analysis
            12.8.5 APAC Segment - Product type and Application Market Size
                  12.8.5.1 China
                  12.8.5.2 Australia
                  12.8.5.3 Japan
                  12.8.5.4 South Korea
                  12.8.5.5 India
                  12.8.5.6 Taiwan
                  12.8.5.7 Malaysia
                  12.8.5.8 Hong Kong
                  12.8.5.9 Rest of APAC
        12.9 Vehicle Tracking System-Middle East Segment and Africa Segment Research
        12.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            12.10.1 Segment type Size and Market Size Analysis
            12.10.2 Revenue and Trend Analysis
            12.10.3 Application Revenue and Trends by type of Application
            12.10.4 Company Revenue and Product Analysis
            12.10.5 Middle East Segment Product type and Application Market Size
                  12.10.5.1 Israel
                  12.10.5.2 Saudi Arabia
                  12.10.5.3 UAE
            12.10.6 Africa Segment Analysis
                  12.10.6.1 South Africa
                  12.10.6.2 Rest of Middle East & Africa
13. Vehicle Tracking System Market - Entropy
        13.1 New product launches
        13.2 M&A s, collaborations, JVs and partnerships
14. Vehicle Tracking System Market - Industry / Segment Competition landscape Premium
        14.1 Market Share Analysis
            14.1.1 Market Share by Country- Top companies
            14.1.2 Market Share by Region- Top 10 companies
            14.1.3 Market Share by type of Application - Top 10 companies
            14.1.4 Market Share by type of Product / Product category- Top 10 companies
            14.1.5 Market Share at a global level - Top 10 companies
            14.1.6 Best Practises for companies
15. Vehicle Tracking System Market - Key Company List by Country Premium
16. Vehicle Tracking System Market Company Analysis
        16.1 Market Share, Company Revenue, Products, M&A, Developments
        16.2 Att; Intellectual Property
        16.3 Cartrack
        16.4 Comm-Port Technology
        16.5 Continental Ag
        16.6 Delphi Automotive Llp
        16.7 Eresource Erp
        16.8 Magna International Inc
        16.9 Robert Bosch Gmbh
        16.10 Verizon
        16.11 Zonar System
        16.12 Company 11
        16.13 Company 12 & More
*Financials would be provided on a best efforts basis for private companies
17. Vehicle Tracking System Market - Appendix
        17.1 Abbreviations
        17.2 Sources
18. Vehicle Tracking System Market - Methodology
        18.1 Research Methodology
            18.1.1 Company Expert Interviews
            18.1.2 Industry Databases
            18.1.3 Associations
            18.1.4 Company News
            18.1.5 Company Annual Reports
            18.1.6 Application Trends
            18.1.7 New Products and Product database
            18.1.8 Company Transcripts
            18.1.9 R&D Trends
            18.1.10 Key Opinion Leaders Interviews
            18.1.11 Supply and Demand Trends

LIST OF TABLES

1.Global Vehicle Tracking System Market By Type Market 2019-2024 ($M)
1.1 Active Market 2019-2024 ($M) - Global Industry Research
1.2 Passive Market 2019-2024 ($M) - Global Industry Research
2.Global Vehicle Tracking System Market By Vehicle Type Market 2019-2024 ($M)
2.1 Commercial Vehicle Market 2019-2024 ($M) - Global Industry Research
2.2 Passenger Vehicle Market 2019-2024 ($M) - Global Industry Research
3.Global Vehicle Tracking System Market By Industry Vertical Market 2019-2024 ($M)
3.1 Transportation Logistics Market 2019-2024 ($M) - Global Industry Research
3.2 Construction Market 2019-2024 ($M) - Global Industry Research
3.3 Aviation Market 2019-2024 ($M) - Global Industry Research
3.4 Retail Market 2019-2024 ($M) - Global Industry Research
3.5 Government Market 2019-2024 ($M) - Global Industry Research
4.Global Vehicle Tracking System Market By Type Market 2019-2024 (Volume/Units)
4.1 Active Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Passive Market 2019-2024 (Volume/Units) - Global Industry Research
5.Global Vehicle Tracking System Market By Vehicle Type Market 2019-2024 (Volume/Units)
5.1 Commercial Vehicle Market 2019-2024 (Volume/Units) - Global Industry Research
5.2 Passenger Vehicle Market 2019-2024 (Volume/Units) - Global Industry Research
6.Global Vehicle Tracking System Market By Industry Vertical Market 2019-2024 (Volume/Units)
6.1 Transportation Logistics Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Construction Market 2019-2024 (Volume/Units) - Global Industry Research
6.3 Aviation Market 2019-2024 (Volume/Units) - Global Industry Research
6.4 Retail Market 2019-2024 (Volume/Units) - Global Industry Research
6.5 Government Market 2019-2024 (Volume/Units) - Global Industry Research
7.North America Vehicle Tracking System Market By Type Market 2019-2024 ($M)
7.1 Active Market 2019-2024 ($M) - Regional Industry Research
7.2 Passive Market 2019-2024 ($M) - Regional Industry Research
8.North America Vehicle Tracking System Market By Vehicle Type Market 2019-2024 ($M)
8.1 Commercial Vehicle Market 2019-2024 ($M) - Regional Industry Research
8.2 Passenger Vehicle Market 2019-2024 ($M) - Regional Industry Research
9.North America Vehicle Tracking System Market By Industry Vertical Market 2019-2024 ($M)
9.1 Transportation Logistics Market 2019-2024 ($M) - Regional Industry Research
9.2 Construction Market 2019-2024 ($M) - Regional Industry Research
9.3 Aviation Market 2019-2024 ($M) - Regional Industry Research
9.4 Retail Market 2019-2024 ($M) - Regional Industry Research
9.5 Government Market 2019-2024 ($M) - Regional Industry Research
10.South America Vehicle Tracking System Market By Type Market 2019-2024 ($M)
10.1 Active Market 2019-2024 ($M) - Regional Industry Research
10.2 Passive Market 2019-2024 ($M) - Regional Industry Research
11.South America Vehicle Tracking System Market By Vehicle Type Market 2019-2024 ($M)
11.1 Commercial Vehicle Market 2019-2024 ($M) - Regional Industry Research
11.2 Passenger Vehicle Market 2019-2024 ($M) - Regional Industry Research
12.South America Vehicle Tracking System Market By Industry Vertical Market 2019-2024 ($M)
12.1 Transportation Logistics Market 2019-2024 ($M) - Regional Industry Research
12.2 Construction Market 2019-2024 ($M) - Regional Industry Research
12.3 Aviation Market 2019-2024 ($M) - Regional Industry Research
12.4 Retail Market 2019-2024 ($M) - Regional Industry Research
12.5 Government Market 2019-2024 ($M) - Regional Industry Research
13.Europe Vehicle Tracking System Market By Type Market 2019-2024 ($M)
13.1 Active Market 2019-2024 ($M) - Regional Industry Research
13.2 Passive Market 2019-2024 ($M) - Regional Industry Research
14.Europe Vehicle Tracking System Market By Vehicle Type Market 2019-2024 ($M)
14.1 Commercial Vehicle Market 2019-2024 ($M) - Regional Industry Research
14.2 Passenger Vehicle Market 2019-2024 ($M) - Regional Industry Research
15.Europe Vehicle Tracking System Market By Industry Vertical Market 2019-2024 ($M)
15.1 Transportation Logistics Market 2019-2024 ($M) - Regional Industry Research
15.2 Construction Market 2019-2024 ($M) - Regional Industry Research
15.3 Aviation Market 2019-2024 ($M) - Regional Industry Research
15.4 Retail Market 2019-2024 ($M) - Regional Industry Research
15.5 Government Market 2019-2024 ($M) - Regional Industry Research
16.APAC Vehicle Tracking System Market By Type Market 2019-2024 ($M)
16.1 Active Market 2019-2024 ($M) - Regional Industry Research
16.2 Passive Market 2019-2024 ($M) - Regional Industry Research
17.APAC Vehicle Tracking System Market By Vehicle Type Market 2019-2024 ($M)
17.1 Commercial Vehicle Market 2019-2024 ($M) - Regional Industry Research
17.2 Passenger Vehicle Market 2019-2024 ($M) - Regional Industry Research
18.APAC Vehicle Tracking System Market By Industry Vertical Market 2019-2024 ($M)
18.1 Transportation Logistics Market 2019-2024 ($M) - Regional Industry Research
18.2 Construction Market 2019-2024 ($M) - Regional Industry Research
18.3 Aviation Market 2019-2024 ($M) - Regional Industry Research
18.4 Retail Market 2019-2024 ($M) - Regional Industry Research
18.5 Government Market 2019-2024 ($M) - Regional Industry Research
19.MENA Vehicle Tracking System Market By Type Market 2019-2024 ($M)
19.1 Active Market 2019-2024 ($M) - Regional Industry Research
19.2 Passive Market 2019-2024 ($M) - Regional Industry Research
20.MENA Vehicle Tracking System Market By Vehicle Type Market 2019-2024 ($M)
20.1 Commercial Vehicle Market 2019-2024 ($M) - Regional Industry Research
20.2 Passenger Vehicle Market 2019-2024 ($M) - Regional Industry Research
21.MENA Vehicle Tracking System Market By Industry Vertical Market 2019-2024 ($M)
21.1 Transportation Logistics Market 2019-2024 ($M) - Regional Industry Research
21.2 Construction Market 2019-2024 ($M) - Regional Industry Research
21.3 Aviation Market 2019-2024 ($M) - Regional Industry Research
21.4 Retail Market 2019-2024 ($M) - Regional Industry Research
21.5 Government Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Vehicle Tracking System Market Revenue, 2019-2024 ($M)
2.Canada Vehicle Tracking System Market Revenue, 2019-2024 ($M)
3.Mexico Vehicle Tracking System Market Revenue, 2019-2024 ($M)
4.Brazil Vehicle Tracking System Market Revenue, 2019-2024 ($M)
5.Argentina Vehicle Tracking System Market Revenue, 2019-2024 ($M)
6.Peru Vehicle Tracking System Market Revenue, 2019-2024 ($M)
7.Colombia Vehicle Tracking System Market Revenue, 2019-2024 ($M)
8.Chile Vehicle Tracking System Market Revenue, 2019-2024 ($M)
9.Rest of South America Vehicle Tracking System Market Revenue, 2019-2024 ($M)
10.UK Vehicle Tracking System Market Revenue, 2019-2024 ($M)
11.Germany Vehicle Tracking System Market Revenue, 2019-2024 ($M)
12.France Vehicle Tracking System Market Revenue, 2019-2024 ($M)
13.Italy Vehicle Tracking System Market Revenue, 2019-2024 ($M)
14.Spain Vehicle Tracking System Market Revenue, 2019-2024 ($M)
15.Rest of Europe Vehicle Tracking System Market Revenue, 2019-2024 ($M)
16.China Vehicle Tracking System Market Revenue, 2019-2024 ($M)
17.India Vehicle Tracking System Market Revenue, 2019-2024 ($M)
18.Japan Vehicle Tracking System Market Revenue, 2019-2024 ($M)
19.South Korea Vehicle Tracking System Market Revenue, 2019-2024 ($M)
20.South Africa Vehicle Tracking System Market Revenue, 2019-2024 ($M)
21.North America Vehicle Tracking System By Application
22.South America Vehicle Tracking System By Application
23.Europe Vehicle Tracking System By Application
24.APAC Vehicle Tracking System By Application
25.MENA Vehicle Tracking System By Application
26.Att; Intellectual Property, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Cartrack, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Comm-Port Technology, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Continental Ag, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Delphi Automotive Llp, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Eresource Erp, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Magna International Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Robert Bosch Gmbh, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Verizon, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Zonar System, Sales /Revenue, 2015-2018 ($Mn/$Bn)