Vehicle Tracking System Market
Vehicle Tracking System Market Study by GPS/Satellites, GPRS/Cellular Networks, and Dual Modes for Transportation, Construction & Manufacturing, Aviation, Retail, and Government from 2024 to 2034
Analysis of Vehicle Tracking System Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Vehicle Tracking System Market Outlook (2024 to 2034)
A revised research study released by Fact.MR places the global vehicle tracking system market at a value of US$ 27.81 billion in 2024. Sales of vehicle tracking systems are expected to increase to US$ 96.08 billion by the end of 2034, rising at a noteworthy 13.2% CAGR.
One of the most basic features of vehicle tracking systems is the ability for consumers to track automobiles in real-time. Other features include vehicle maintenance notifications, driver behavior analysis, and journey history, as well as fuel management and dispatching assistance. To avoid theft, the system delivers notifications and alarms, as well as reports with extensive analysis. Depending on the fleet management solution, more functions are also possible.
Governments from various countries are implementing these devices in different vehicles, especially those used for service or industrial purposes. These tracking devices are primarily utilized in taxis, trucks, graders, and similar vehicles. The main reason for this is the growing number of accidents. In addition, the increasing adoption of intelligent transportation systems and the advent of 5G in-vehicle connectivity are anticipated to propel vehicle tracking system market growth.
Key Market Growth Drivers
- The increasing need for semi-autonomous and autonomous vehicles is driving sales of advanced and standard vehicle tracking systems.
- Vehicle tracking systems are no longer confined to road transportation; advancements in tracking technology have extended their use to the aviation sector. Aviation not only supports passenger movement but also facilitates global trade.
- One of the key trends is the increasing acceptance of car leasing and rental services, prompting rental companies to incorporate these devices to enhance their services.
- Continuous improvements in the accuracy of communication networks and GPS have made vehicle tracking systems more reliable.
- These innovations, which enable real-time tracking, improved route optimization, and effective fleet management, are benefiting market players.
- Vehicle tracking systems are crucial for businesses with large fleets to ensure effective management, reduce expenses, increase productivity, and guarantee timely delivery of products and services.
- Fleet management relies on vehicle tracking systems as they provide critical information about driver behavior, maintenance needs, and vehicle utilization.
- Increasing use of modern technologies, along with growing concerns over vehicle security and safety, is contributing to the expansion of the vehicle tracking system market size.
| Report Attribute | Detail |
|---|---|
| Vehicle Tracking System Market Size (2024E) | US$ 27.81 Billion |
| Forecasted Market Value (2034F) | US$ 96.08 Billion |
| Global Market Growth Rate (2024 to 2034) | 13.2% CAGR |
| North America Market Share (2024E) | 33% |
| East Asia Market Value (2024E) | US$ 6.53 Billion |
| Hardware Segment Value (2034F) | US$ 50.92 Billion |
| GPS/Satellites Segment Value (2034F) | US$ 67.25 Billion |
| Key Companies Profiled | TomTom International B.V.; Cartrack; ORBCOMM Inc.; Cartrack; Robert Bosch GmbH; RUPTELA; AT&T Intellectual Property; Continental AG; Geotab Inc.; Verizon; Xirgo Technologies Inc. |
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Why are Fleet Operators and Logistics Companies Increasingly Adopting Vehicle Tracking Systems?
“Improved Vehicle Security and Emergency Response through Real-Time Location Tracking”
With the increasing use of the internet and advancements in connectivity, the demand for vehicle tracking systems is rising to ensure vehicle safety and reduce idle time. Various fleet owners using E-call services, for example, have benefited from receiving emergency alerts. Consequently, fleet operators and logistics companies use vehicle tracking technology to enhance profitability.
The real-time location of a company car is effectively used to determine if it is in a secure place. Many vehicle GPS tracking systems have an SOS feature that the driver can activate if they are stranded and need assistance. This button quickly sends a notification to the fleet manager, who then dispatches help as soon as possible. Knowing the car's exact location allows the manager to determine which vehicle to send to the emergency. These factors are driving the demand for vehicle tracking systems in the global market.
What is Hampering Utilization of Vehicle Tracking Systems?
“Unauthorized Access and Hacking Incidents Leading to Identity Fraud”
Data stored in a vehicle's system includes sensitive information such as purchase details, owner's information, and addresses. This information can be exploited for criminal activities like vehicle theft, identity fraud, and other planned crimes. Concerns about data privacy violations are a major factor preventing end users from adopting vehicle tracking systems, especially in countries with stringent regulations.
Incidents of unauthorized access to vehicle connectivity solutions or hacking into in-car systems are hindering the global demand for vehicle tracking systems. The primary security issue is that hackers can easily access the cars' computer systems and the data they collect and store. Consequently, data privacy breaches and cybersecurity threats to vehicle tracking systems are impeding market growth during the forecast period.
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Country-wise Insights
North America is estimated to hold 33% of the global vehicle tracking system market share in 2024. Innovations in smart sensors are boosting the adoption of fleet management solutions in this region. Sales of vehicle tracking systems in East Asia are projected to increase at a 14.4% CAGR during the forecast period (2024 to 2034).
Which Advancement in Vehicle Tracking Systems is Driving Market Growth in the United States?
“Utilization of Geofencing Technology to Prevent Unauthorized Deviations and Accidents”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 4.08 Billion |
| Growth Rate (2024 to 2034) | 13% CAGR |
| Projected Value (2034F) | US$ 13.8 Billion |
Companies in the United States are incorporating geofencing technology into these systems. Geofencing allows users to define specific areas as safe zones for employees or business operations. The fleet management solution receives an alert if a vehicle exits the designated area, preventing drivers from deviating to non-work locations or encountering accidents. Similarly, pressing the SOS button triggers immediate alerts in emergencies. These advancements are driving product demand in the country.
Why is Demand for Vehicle Tracking Systems Increasing Rapidly in Japan?
“Tracking Systems Providing Detailed Records and Reports Aiding in Audits and Inspections”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 1.89 Billion |
| Growth Rate (2024 to 2034) | 14.5% CAGR |
| Projected Value (2034F) | US$ 7.34 Billion |
The use of vehicle tracking systems is prevalent in commercial and service vehicles due to stringent government regulations in Japan. To ensure user safety, many vehicles in Japan are equipped with an SOS feature, which is a major vehicle tracking system market trend. In addition, businesses utilizing monitoring systems can track the location, routes, and driving behaviors of their fleets. They use this data to verify compliance with laws regarding authorized routes, working hours, and speed limits.
Detailed records and reports from vehicle monitoring systems serve as evidence of compliance during audits or inspections. Consequently, businesses in Japan are increasingly adopting these systems to meet legal requirements, avoid penalties, and maintain the operational standards set by regulatory agencies overseeing commercial vehicles and transportation services.
Category-wise Insights
Based on type, the market is segmented into active and passive. An active system monitors real-time data supplied to a computer system or a data management center via satellite or cellular networks. The active tracking system accomplishes all functions and provides easy access to tracking data and compatibility with various networks.
Why are GPS/Satellite Systems a Reliable Vehicle Monitoring Solution?
“GPS/Satellite Technology Providing Accurate, Real-Time Location Data”
| Attribute | GPS/Satellites |
|---|---|
| Segment Value (2024E) | US$ 18.91 Billion |
| Growth Rate (2024 to 2034) | 13.5% CAGR |
| Projected Value (2034F) | US$ 67.25 Billion |
GPS/satellite technology is widely used in vehicle tracking systems because it provides accurate, real-time location data essential for efficient fleet management and security. Enhanced operational efficiency, reduced fuel costs, and timely deliveries rely on GPS technology, which ensures precise tracking of vehicle movements, route optimization, and continuous status updates.
The extensive availability and reliability of GPS and satellite systems make them an ideal choice for vehicle monitoring solutions, ensuring consistent performance and coverage. This technology enhances security by enabling quick recovery of stolen vehicles and offering geofencing features to monitor and control vehicle usage.
Why Do Hardware Vehicle Tracking Systems Occupy a Significant Market Share?
“Critical Role of Physical Tracking Devices in Enhancing System Performance and Connectivity”
| Attribute | Hardware |
|---|---|
| Segment Value (2024E) | US$ 15.85 Billion |
| Growth Rate (2024 to 2034) | 12.4% CAGR |
| Projected Value (2034F) | US$ 50.92 Billion |
Considering the critical role physical tracking devices play in the overall system performance, there is a higher demand for vehicle tracking system hardware compared to software. Hardware components such as GPS trackers, sensors, and communication devices are essential for collecting real-time position data, tracking vehicle performance, and ensuring connectivity. Accurate tracking and data collection rely not just on software but also on robust hardware.
Hardware requires a substantial initial investment since each vehicle needs its own device, while software solutions generally have lower maintenance and upgrade costs. The higher demand for hardware over software stems from the necessity for comprehensive and reliable equipment.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competitive Landscape
Key players in the vehicle tracking system industry intend to supply fleet management solutions, tracking solutions, and communication solutions. They are also creating a diverse portfolio that is constantly upgraded through research and innovation to supply high-quality items. Most firms are gaining a competitive advantage in the global market by introducing new and innovative items or features.
- In February 2024, throughout its fleet of more than 8,000 buses, the Gujarat State Road Transport Corporation (GSRTC) deployed the Integrated Vehicle Tracking and Passenger Information System (GPS). The project's objectives are to increase the corporation's and the passengers' level of comfort, safety, and efficiency concerning state transportation services.
- In November 2023, Reliance introduced JioMotive, the company's latest smart automobile gadget. The JioMotive, an on-board diagnostics (OBD) device, promises to enhance the intelligence of your vehicle.
- In October 2022, Bharti Airtel introduced the "Always On" IoT connection solution in India, featuring a dual-profile M2M eSIM. This innovation enables IoT devices to maintain continuous network access through two telecom providers.
- In April 2022, AWS and Bosch worked together to digitize logistics. Bosch and the United States cloud provider Amazon Web Services (AWS) intend to increase productivity and sustainability in the logistics and transportation industries.
Fact.MR provides detailed information about the price points of key manufacturers of vehicle tracking systems positioned across the world, sales growth, production capacity, and speculative technological expansion, in this updated market report.
Segmentation of Vehicle Tracking System Market Research
-
By Type :
- Active
- Passive
-
By Vehicle Type :
- Passenger
- Light Commercial
- Heavy Commercial
-
By Component :
- Hardware
- OBD Devices/Trackers and Advance Trackers
- Standalone Trackers
- Software
- Performance Management
- Vehicle Diagnostics
- Fleet Analytics & Reporting
- Driver Behavior Monitoring
- Hardware
-
By Technology :
- GPS/Satellites
- GPRS/Cellular Networks
- Dual Modes
-
By End Use :
- Transportation & Logistics
- Construction & Manufacturing
- Aviation
- Retail
- Government & Defense
-
By Region :
- North America
- Western Europe
- Eastern Europe
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 6.1. Type 6.2. Vehicle Type 6.3. Technology 6.4. End Use 6.5. Component 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Type 7.1. Active 7.2. Passive 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Vehicle Type 8.1. Passenger 8.2. Light Commercial 8.3. Heavy Commercial 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Technology 9.1. GPS/Satellites 9.2. GPRS/Cellular Networks 9.3. Dual Modes 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by End Use 10.1. Transportation & Logistics 10.2. Construction & Manufacturing 10.3. Aviation 10.4. Retail 10.5. Government & Defense 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Component 11.1. Hardware 11.2. Software 12. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 12.1. North America 12.2. Latin America 12.3. Western Europe 12.4. Eastern Europe 12.5. East Asia 12.6. South Asia & Pacific 12.7. Middle East & Africa 13. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 18. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 19. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 20. Sales Forecast 2024 to 2034 by Type, Vehicle Type, Technology, End Use, Component, and Region for 30 Countries 21. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 22. Company Profile 22.1. TomTom International B.V. 22.2. Cartrack 22.3. ORBCOMM Inc. 22.4. Cartrack 22.5. Robert Bosch GmbH 22.6. RUPTELA 22.7. AT&T Intellectual Property 22.8. Continental AG 22.9. Geotab Inc. 22.10. Verizon 22.11. Xirgo Technologies Inc. 23. Assumptions and Acronyms Used 24. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by Vehicle Type, 2019 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by Technology, 2019 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 10: Global Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 11: Global Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 13: Global Market Value (US$ Mn) Analysis, by Component, 2019 to 2023
Table 14: Global Market Value (US$ Mn) Analysis, by Component, 2024 to 2034
Table 15: Global Market Value (US$ Mn) Opportunity Analysis, by Component, 2024 to 2034
Table 16: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 17: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 18: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 19: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 20: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 22: North America Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 23: North America Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 25: North America Market Value (US$ Mn) Analysis, by Vehicle Type, 2019 to 2023
Table 26: North America Market Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 27: North America Market Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 28: North America Market Value (US$ Mn) Analysis, by Technology, 2019 to 2023
Table 29: North America Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 30: North America Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 31: North America Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 32: North America Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 33: North America Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 34: North America Market Value (US$ Mn) Analysis, by Component, 2019 to 2023
Table 35: North America Market Value (US$ Mn) Analysis, by Component, 2024 to 2034
Table 36: North America Market Value (US$ Mn) Opportunity Analysis, by Component, 2024 to 2034
Table 37: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 38: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 39: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 40: Latin America Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 41: Latin America Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 42: Latin America Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 43: Latin America Market Value (US$ Mn) Analysis, by Vehicle Type, 2019 to 2023
Table 44: Latin America Market Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 45: Latin America Market Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 46: Latin America Market Value (US$ Mn) Analysis, by Technology, 2019 to 2023
Table 47: Latin America Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 48: Latin America Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 49: Latin America Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 50: Latin America Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 51: Latin America Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 52: Latin America Market Value (US$ Mn) Analysis, by Component, 2019 to 2023
Table 53: Latin America Market Value (US$ Mn) Analysis, by Component, 2024 to 2034
Table 54: Latin America Market Value (US$ Mn) Opportunity Analysis, by Component, 2024 to 2034
Table 55: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 56: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 57: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 58: Western Europe Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 59: Western Europe Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 60: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 61: Western Europe Market Value (US$ Mn) Analysis, by Vehicle Type, 2019 to 2023
Table 62: Western Europe Market Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 63: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 64: Western Europe Market Value (US$ Mn) Analysis, by Technology, 2019 to 2023
Table 65: Western Europe Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 66: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 67: Western Europe Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 68: Western Europe Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 69: Western Europe Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 70: Western Europe Market Value (US$ Mn) Analysis, by Component, 2019 to 2023
Table 71: Western Europe Market Value (US$ Mn) Analysis, by Component, 2024 to 2034
Table 72: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Component, 2024 to 2034
Table 73: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 74: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 75: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 76: Eastern Europe Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 77: Eastern Europe Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 78: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 79: Eastern Europe Market Value (US$ Mn) Analysis, by Vehicle Type, 2019 to 2023
Table 80: Eastern Europe Market Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 81: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 82: Eastern Europe Market Value (US$ Mn) Analysis, by Technology, 2019 to 2023
Table 83: Eastern Europe Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 84: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 85: Eastern Europe Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 86: Eastern Europe Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 87: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 88: Eastern Europe Market Value (US$ Mn) Analysis, by Component, 2019 to 2023
Table 89: Eastern Europe Market Value (US$ Mn) Analysis, by Component, 2024 to 2034
Table 90: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Component, 2024 to 2034
Table 91: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 92: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 93: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 94: East Asia Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 95: East Asia Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 96: East Asia Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 97: East Asia Market Value (US$ Mn) Analysis, by Vehicle Type, 2019 to 2023
Table 98: East Asia Market Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 99: East Asia Market Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 100: East Asia Market Value (US$ Mn) Analysis, by Technology, 2019 to 2023
Table 101: East Asia Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 102: East Asia Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 103: East Asia Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 104: East Asia Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 105: East Asia Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 106: East Asia Market Value (US$ Mn) Analysis, by Component, 2019 to 2023
Table 107: East Asia Market Value (US$ Mn) Analysis, by Component, 2024 to 2034
Table 108: East Asia Market Value (US$ Mn) Opportunity Analysis, by Component, 2024 to 2034
Table 109: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 110: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 111: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 112: South Asia & Pacific Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 113: South Asia & Pacific Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 114: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 115: South Asia & Pacific Market Value (US$ Mn) Analysis, by Vehicle Type, 2019 to 2023
Table 116: South Asia & Pacific Market Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 117: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 118: South Asia & Pacific Market Value (US$ Mn) Analysis, by Technology, 2019 to 2023
Table 119: South Asia & Pacific Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 120: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 121: South Asia & Pacific Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 122: South Asia & Pacific Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 123: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 124: South Asia & Pacific Market Value (US$ Mn) Analysis, by Component, 2019 to 2023
Table 125: South Asia & Pacific Market Value (US$ Mn) Analysis, by Component, 2024 to 2034
Table 126: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Component, 2024 to 2034
Table 127: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 128: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 129: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 130: MEA Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 131: MEA Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 132: MEA Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 133: MEA Market Value (US$ Mn) Analysis, by Vehicle Type, 2019 to 2023
Table 134: MEA Market Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 135: MEA Market Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 136: MEA Market Value (US$ Mn) Analysis, by Technology, 2019 to 2023
Table 137: MEA Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 138: MEA Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 139: MEA Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 140: MEA Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 141: MEA Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 142: MEA Market Value (US$ Mn) Analysis, by Component, 2019 to 2023
Table 143: MEA Market Value (US$ Mn) Analysis, by Component, 2024 to 2034
Table 144: MEA Market Value (US$ Mn) Opportunity Analysis, by Component, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Type, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Type, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Technology, 2024 to 2034
Figure 14: Global Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 15: Global Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 17: Global Market Share and BPS Analysis by Component, 2024 & 2034
Figure 18: Global Market Y-o-Y Growth Projections by Component, 2024 to 2034
Figure 19: Global Market Attractiveness Analysis by Component, 2024 to 2034
Figure 20: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 21: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 22: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 23: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 24: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 25: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 26: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 27: North America Market Share Analysis by Country, 2024 & 2034
Figure 28: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 29: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 30: North America Market Share and BPS Analysis by Type, 2024 & 2034
Figure 31: North America Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 32: North America Market Attractiveness Analysis by Type, 2024 to 2034
Figure 33: North America Market Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 34: North America Market Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 35: North America Market Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 36: North America Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 37: North America Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 38: North America Market Attractiveness Analysis by Technology, 2024 to 2034
Figure 39: North America Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 40: North America Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 41: North America Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 42: North America Market Share and BPS Analysis by Component, 2024 & 2034
Figure 43: North America Market Y-o-Y Growth Projections by Component, 2024 to 2034
Figure 44: North America Market Attractiveness Analysis by Component, 2024 to 2034
Figure 45: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 46: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 47: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 48: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 49: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 50: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 51: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 52: Latin America Market Share and BPS Analysis by Type, 2024 & 2034
Figure 53: Latin America Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 54: Latin America Market Attractiveness Analysis by Type, 2024 to 2034
Figure 55: Latin America Market Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 56: Latin America Market Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 57: Latin America Market Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 58: Latin America Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 59: Latin America Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 60: Latin America Market Attractiveness Analysis by Technology, 2024 to 2034
Figure 61: Latin America Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 62: Latin America Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 63: Latin America Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 64: Latin America Market Share and BPS Analysis by Component, 2024 & 2034
Figure 65: Latin America Market Y-o-Y Growth Projections by Component, 2024 to 2034
Figure 66: Latin America Market Attractiveness Analysis by Component, 2024 to 2034
Figure 67: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 68: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 69: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 70: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 71: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 72: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 73: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 74: Western Europe Market Share and BPS Analysis by Type, 2024 & 2034
Figure 75: Western Europe Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 76: Western Europe Market Attractiveness Analysis by Type, 2024 to 2034
Figure 77: Western Europe Market Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 78: Western Europe Market Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 79: Western Europe Market Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 80: Western Europe Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 81: Western Europe Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 82: Western Europe Market Attractiveness Analysis by Technology, 2024 to 2034
Figure 83: Western Europe Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 84: Western Europe Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 85: Western Europe Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 86: Western Europe Market Share and BPS Analysis by Component, 2024 & 2034
Figure 87: Western Europe Market Y-o-Y Growth Projections by Component, 2024 to 2034
Figure 88: Western Europe Market Attractiveness Analysis by Component, 2024 to 2034
Figure 89: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 90: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 91: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 92: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 93: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 94: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 95: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 96: Eastern Europe Market Share and BPS Analysis by Type, 2024 & 2034
Figure 97: Eastern Europe Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 98: Eastern Europe Market Attractiveness Analysis by Type, 2024 to 2034
Figure 99: Eastern Europe Market Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 100: Eastern Europe Market Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 101: Eastern Europe Market Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 102: Eastern Europe Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 103: Eastern Europe Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 104: Eastern Europe Market Attractiveness Analysis by Technology, 2024 to 2034
Figure 105: Eastern Europe Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 106: Eastern Europe Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 107: Eastern Europe Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 108: Eastern Europe Market Share and BPS Analysis by Component, 2024 & 2034
Figure 109: Eastern Europe Market Y-o-Y Growth Projections by Component, 2024 to 2034
Figure 110: Eastern Europe Market Attractiveness Analysis by Component, 2024 to 2034
Figure 111: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 112: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 113: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 114: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 115: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 116: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 117: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 118: East Asia Market Share and BPS Analysis by Type, 2024 & 2034
Figure 119: East Asia Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 120: East Asia Market Attractiveness Analysis by Type, 2024 to 2034
Figure 121: East Asia Market Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 122: East Asia Market Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 123: East Asia Market Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 124: East Asia Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 125: East Asia Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 126: East Asia Market Attractiveness Analysis by Technology, 2024 to 2034
Figure 127: East Asia Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 128: East Asia Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 129: East Asia Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 130: East Asia Market Share and BPS Analysis by Component, 2024 & 2034
Figure 131: East Asia Market Y-o-Y Growth Projections by Component, 2024 to 2034
Figure 132: East Asia Market Attractiveness Analysis by Component, 2024 to 2034
Figure 133: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 134: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 135: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 136: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 137: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 138: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 139: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 140: South Asia & Pacific Market Share and BPS Analysis by Type, 2024 & 2034
Figure 141: South Asia & Pacific Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 142: South Asia & Pacific Market Attractiveness Analysis by Type, 2024 to 2034
Figure 143: South Asia & Pacific Market Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 144: South Asia & Pacific Market Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 145: South Asia & Pacific Market Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 146: South Asia & Pacific Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 147: South Asia & Pacific Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 148: South Asia & Pacific Market Attractiveness Analysis by Technology, 2024 to 2034
Figure 149: South Asia & Pacific Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 150: South Asia & Pacific Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 151: South Asia & Pacific Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 152: South Asia & Pacific Market Share and BPS Analysis by Component, 2024 & 2034
Figure 153: South Asia & Pacific Market Y-o-Y Growth Projections by Component, 2024 to 2034
Figure 154: South Asia & Pacific Market Attractiveness Analysis by Component, 2024 to 2034
Figure 155: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 156: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 157: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 158: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 159: MEA Market Share Analysis by Country, 2024 & 2034
Figure 160: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 161: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 162: MEA Market Share and BPS Analysis by Type, 2024 & 2034
Figure 163: MEA Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 164: MEA Market Attractiveness Analysis by Type, 2024 to 2034
Figure 165: MEA Market Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 166: MEA Market Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 167: MEA Market Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 168: MEA Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 169: MEA Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 170: MEA Market Attractiveness Analysis by Technology, 2024 to 2034
Figure 171: MEA Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 172: MEA Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 173: MEA Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 174: MEA Market Share and BPS Analysis by Component, 2024 & 2034
Figure 175: MEA Market Y-o-Y Growth Projections by Component, 2024 to 2034
Figure 176: MEA Market Attractiveness Analysis by Component, 2024 to 2034
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- FAQs -
How big is the vehicle tracking system market in 2024?
The global market for vehicle tracking systems is estimated at US$ 27.81 billion in 2024.
What is the future projection for vehicle tracking systems?
Worldwide sales of vehicle tracking systems are projected to reach US$ 96.08 billion by 2034-end.
At what rate is the demand for vehicle tracking systems projected to increase?
The vehicle tracking system market is forecasted to expand at 13.2% CAGR through 2034.
Who are the key manufacturers of vehicle tracking systems?
Top companies manufacturing vehicle tracking systems are TomTom International B.V., Cartrack, and ORBCOMM Inc.
Which technology is set to push market growth going forward?
Use of GPS/satellite technology in vehicle tracking systems is projected to reach a market value of US$ 67.25 billion by 2034.
Which region accounts for a high market share?
North America is estimated to account for 33% of the global market share in 2024.
At what rate is the market projected to expand in South Korea?
The market in South Korea is forecasted to advance at 14.8% CAGR through 2034.
Vehicle Tracking System Market