Dublin, Feb. 15, 2022 (GLOBE NEWSWIRE) -- The "Vehicle Tracking Systems Market Share, Size, Trends, Industry Analysis Report, By Vehicle; By End-Use; By Technology; By Component, By Region; Segment Forecast, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering.
The global vehicle tracking systems market size is expected to reach USD 41.94 billion by 2028 according to a new study. This report gives a detailed insight into current industry dynamics and provides analysis on future market growth.
The prominent factors favoring the market growth include the increasing rate of adoption of vehicles with an ever-increasing transportation and logistics companies, the surge in proliferation related to the digitalization, and the substantial growth in demand for advanced technologies, such as IoT are the few integral factors accelerating the industry growth. Furthermore, the increasing investments in the development of autonomous and semi-autonomous transports are favoring the market growth. The transportation and logistics segment is expected to witness large revenue during the forecast period.
There is a considerable demand for this tracking systems in transportation & logistics, owing to the real-time location monitoring in order to track the safety of drivers, which have positively impacted the growth of the industry globally. While construction and manufacturing segments are projected to record the highest CAGR in the global market, owing to the prevention of the product misuse, checking engine runtime, and detecting stolen equipment.
With a considerable surge in the production over the last decade, this tracking systems have witnessed a higher demand. They can efficiently track fleet and maintenance operations using smart, automation-based technology. According to the International Organization Manufacturers (OICA), globally, the car's production is estimated at nearly 55.8 million in 2020. With the rising rate of production, consumers are shifting their interest towards digital solutions for monitoring; thereby the adoption of tracking systems is growing worldwide.
Major Participants such as Robert Bosch GmbH, CalAmp, Cartrack, AT&T Inc., Geotab Inc., Inseego Corp., LLC, Laipac Technology Inc., ORBCOMM, Verizon, Spireon.com, Teletrac Navman US Ltd, TELTONICA, Continental AG, TomTom International BV., Trackimo Inc., and Xirgo Technologies are some of the key players operating in the global market.
Several industry players are contributing to opt for diverse marketing strategies with the intent to expand their business operations worldwide. In March 2021, India-based CarDekho developed the low-cost and innovative GPS-integrated technology system - UPLINK, allowing customers to gain real-time contact with a host of information. Such an initiative will dramatically drive the industry forward.
Key Topics Covered:
1. Introduction
2. Executive Summary
3. Research Methodology
4. Global Vehicle Tracking Systems Market Insights
4.1. Vehicle Tracking Systems - Industry snapshot
4.2. Vehicle Tracking Systems Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Increased vehicular use
4.2.1.2. Use of technology such 5G and AI
4.2.2. Restraints and Challenges
4.2.2.1. High cost of operation
4.2.3. Porter's Five Forces Analysis
4.2.3.1. Bargaining Power of Suppliers (Moderate)
4.2.3.2. Threats of New Entrants: (Low)
4.2.3.3. Bargaining Power of Buyers (Moderate)
4.2.3.4. Threat of Substitute (Moderate)
4.2.3.5. Rivalry among existing firms (High)
4.2.4. PESTLE Analysis
4.2.5. Vehicle Tracking Systems Market Industry trends
4.2.6. COVID-19 Impact Analysis
5. Global Vehicle Tracking Systems Market Assessment by Vehicle
5.1. Key Findings
5.2. Introduction
5.2.1. Global Vehicle Tracking Systems Market, by Vehicle, 2016 - 2028 (USD Billion)
5.3. Passenger
5.3.1. Global Vehicle Tracking Systems Market, by Passenger, by Region, 2016 - 2028 (USD Billion)
5.4. Light Commercial
5.4.1. Global Vehicle Tracking Systems Market, by Light Commercial, by Region, 2016 - 2028 (USD Billion)
5.5. Heavy Commercial
5.5.1. Global Vehicle Tracking Systems Market, by Heavy Commercial, by Region, 2016 - 2028 (USD Billion)
6. Global Vehicle Tracking Systems Market Assessment by Technology
6.1. Key Findings
6.2. Introduction
6.2.1. Global Vehicle Tracking Systems Market, by Technology, 2016 - 2028 (USD Billion)
6.3. GPS/Satellite
6.3.1. Global Vehicle Tracking Systems Market, by GPS/Satellite, by Region, 2016 - 2028 (USD Billion)
6.4. GPRS/Cellular Networks
6.4.1. Global Vehicle Tracking Systems Market, by GPRS/Cellular Networks, by Region, 2016 - 2028 (USD Billion)
6.5. Dual Mode
6.5.1. Global Vehicle Tracking Systems Market, by Dual Mode, by Region, 2016 - 2028 (USD Billion)
7. Global Vehicle Tracking Systems Market, by Component
7.1. Key Findings
7.2. Introduction
7.2.1. Global Vehicle Tracking Systems Market, by Component, 2016 - 2028 (USD Billion)
7.3. Hardware
7.3.1. Global Vehicle Tracking Systems Market, by Hardware, By Region, 2016 - 2028 (USD Billion)
7.4. Software
7.4.1. Global Vehicle Tracking Systems Market, by Software, By Region, 2016 - 2028 (USD Billion)
8. Global Vehicle Tracking Systems Market, by End-Use
8.1. Key Findings
8.2. Introduction
8.2.1. Global Vehicle Tracking Systems Market, by End-Use, 2016 - 2028 (USD Billion)
8.3. Transportation & Logistics
8.3.1. Global Vehicle Tracking Systems Market, By Transportation & Logistics, By Region, 2016 - 2028 (USD Billion)
8.4. Construction & Manufacturing
8.4.1. Global Vehicle Tracking Systems Market, by Manufacturing, by Region, 2016 - 2028 (USD Billion)
8.5. Aviation
8.5.1. Global Vehicle Tracking Systems Market, by Aviation, by Region, 2016 - 2028 (USD Billion)
8.6. Retail
8.6.1. Global Vehicle Tracking Systems Market, by Retail, by Region, 2016 - 2028 (USD Billion)
8.7. Government & Defense
8.7.1. Global Vehicle Tracking Systems Market, by Government & Defense, by Region, 2016 - 2028 (USD Billion)
8.8. Others
8.8.1. Global Other Vehicle Tracking Systems Market, by Region, 2016 - 2028 (USD Billion)
9. Global Vehicle Tracking Systems Market Assessment by Geography
10. Competitive Landscape
10.1. Expansion and Acquisition Analysis
10.1.1. Expansion
10.1.2. Acquisitions
10.2. Partnerships/Collaborations/Agreements/Exhibitions
11. Company Profiles
11.1. AT&T Inc.
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Product Benchmarking
11.1.4. Recent Development
11.2. CalAmp
11.2.1. Company Overview
11.2.2. Financial Performance
11.2.3. Product Benchmarking
11.2.4. Recent Development
11.3. Cartrack
11.3.1. Company Overview
11.3.2. Financial Performance
11.3.3. Product Benchmarking
11.3.4. Recent Development
11.4. Continental AG
11.4.1. Company Overview
11.4.2. Financial Performance
11.4.3. Product Benchmarking
11.4.4. Recent Development
11.5. Geotab Inc.
11.5.1. Company Overview
11.5.2. Financial Performance
11.5.3. Product Benchmarking
11.5.4. Recent Development
11.6. Laipac Technology Inc.
11.6.1. Company Overview
11.6.2. Financial Performance
11.6.3. Product Benchmarking
11.6.4. Recent Development
11.7. ORBCOMM
11.7.1. Company Overview
11.7.2. Financial Performance
11.7.3. Product Benchmarking
11.7.4. Recent Development
11.8. Robert Bosch GmbH
11.8.1. Company Overview
11.8.2. Financial Performance
11.8.3. Product Benchmarking
11.8.4. Recent Development
11.9. Spireon.com
11.9.1. Company Overview
11.9.2. Financial Performance
11.9.3. Product Benchmarking
11.9.4. Recent Development
11.10. Teletrac Navman US Ltd
11.10.1. Company Overview
11.10.2. Financial Performance
11.10.3. Product Benchmarking
11.10.4. Recent Development
11.11. TELTONICA
11.11.1. Company Overview
11.11.2. Financial Performance
11.11.3. Product Benchmarking
11.11.4. Recent Development
11.12. TomTom International BV.
11.12.1. Company Overview
11.12.2. Financial Performance
11.12.3. Product Benchmarking
11.12.4. Recent Development
11.13. Trackimo Inc.
11.13.1. Company Overview
11.13.2. Financial Performance
11.13.3. Product Benchmarking
11.13.4. Recent Development
11.14. Verizon
11.14.1. Company Overview
11.14.2. Financial Performance
11.14.3. Product Benchmarking
11.14.4. Recent Development
11.15. Xirgo Technologies, LLC
11.15.1. Company Overview
11.15.2. Financial Performance
11.15.3. Product Benchmarking
11.15.4. Recent Development
For more information about this report visit https://www.researchandmarkets.com/r/pgrz6a
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