- Hardware
- Software
- Services
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%Â 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 Summary
Study Period
2023-29
Base Year
2022
CAGR
14.2%
Largest Market
North American
Fastest Growing Market
Asia-Pacific
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
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The vehicle tracking systems market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
- The market report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Vehicle Tracking Systems Market Segmentation
By Component
By System Type
- Active Systems,
- Passive Systems
By Technology
- Â GPS/Satellite
- GPRS/Cellular Networks
- Others
By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
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).
| 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 |
- 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.