Vehicle Tracking System Market Size Worth US$ 45.1 Billion by 2027 | CAGR 13.20%

The latest research report from the IMARC group, titled “Vehicle Tracking System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, offers comprehensive industry analysis, which includes information on the global market size. The report also includes competitor and regional analysis, as well as contemporary market advancements.

The global vehicle tracking system The market reached a value of US$20.5 billion in 2021. Looking ahead, IMARC Group expects the market to reach a value of US$45.1 billion by 2027, growing at a CAGR of 13.20% over the period 2022-2027. A vehicle tracking system includes technology that is used to acquire accurate data about the real-time location of vehicles, using a cellular network or GPS technology. It offers many benefits, such as improved productivity, reduced fuel expenses, efficient business and asset management, and enhanced safety and security. Therefore, it is widely used in transportation, logistics, construction, aviation and retail industries.

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Important Attribute and Report Highlights:

  • Detailed Global Market Share Analysis
  • Market segmentation by component, type, vehicle type, application, and industry vertical.
  • Historical, current and projected market size in terms of volume and value
  • Latest industry trends and developments
  • Competitive landscape for Vehicle Tracking System Market
  • Strategies of key players and product offerings

The global market is mainly driven by the significant growth of the automotive sector. Additionally, increasing investments in the development of autonomous and semi-autonomous vehicles are creating a positive outlook for the market. Additionally, the growing need for vehicle tracking systems in the construction and manufacturing industries to verify engine run time and detect stolen equipment is catalyzing the market growth across the globe. Moreover, the proliferation of advanced technologies, such as IoT, automation, and telematics, is also creating a positive outlook for the market.

Key Players Covered in the Global Vehicle Tracking System Market research report:

  • AT&T Inc.
  • car track
  • Continental AG
  • Geotab Inc.
  • Inseego Corp.
  • Orbcom
  • Robert Bosch GmbH
  • Spireon Inc.
  • Navman Teletrac (Vontier Corporation)
  • TomTom AG
  • Verizon Communications Inc.

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Overview of the impact of COVID-19:

We regularly monitor the direct effect of COVID-19[feminine] in the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

Key Market Segmentation:

Breakdown by component:

  • Material
    • OBD device/tracker
    • Autonomous tracker
  • Software
    • Vehicle diagnostics
    • Performance measurement
    • Fleet analysis and reports
    • Others

Breakdown by type:

Breakdown by type of vehicle:

  • Commercial vehicles
  • Passenger vehicles

Breakdown by application:

  • Mobile Tracking
  • Cell tracking
  • Satellite Tracking

Breakdown by vertical industry:

  • Transport and logistics
  • Construction and manufacturing
  • Aviation
  • Detail
  • Government
  • Others

Breakdown by region:

  • North America (USA, Canada)
  • Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Latin America (Brazil, Mexico, others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

Table of Content of Vehicle Tracking System Market Research Report:

  • Preface
  • Scope and methodology
  • Summary
  • Introduction
  • Global Vehicle Tracking System Market
  • SWOT analysis
  • Value chain analysis
  • Price analysis
  • Competitive landscape

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Who we are:

The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.

IMARC’s information products include major business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are at the top of the list. company expertise.

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