The growth of this market is driven by a number of factors. Rapid technological advancement and the incorporation of sensors, tracking devices, Artificial Intelligence and Internet of Things in the booming transportation and logistics sector is the fundamental driver of this market. Another factor bolstering this market are the safety and security concerns of the drivers and the travelling fleets. These systems not only minimize cost but also improves productivity of the transportation system. Other factors augmenting this market are digitization, increasing case of vehicle theft, prospering Intelligent Transport Systems, improvement of cellular network, adoption of Smart logistics and LPWAN Technology. The development of 5G networking and its speedy tracking system is likely to provide lucrative opportunity to this market.
The global Vehicle Tracking System market size is projected to reach US$ 14,927.5 million by 2028, from US$ 3784.2 million in 2020, at a CAGR of 18.9% during 2021-2028.
In terms of production side, this report researches the Vehicle Tracking System production capacity, value, ex-factory price, growth rate, market share by manufacturers, regions (or countries) and by Type.
In terms of consumption side, this report focuses on the consumption of Vehicle Tracking System by regions (countries) and by Application.
The global Vehicle Tracking System market is thoroughly, accurately, and comprehensively assessed in the report with a large focus on market dynamics, market competition, regional growth, segmental analysis, and key growth strategies. Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Vehicle Tracking System market. These figures have been provided in terms of both revenue and volume for the period 2016-2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
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Geographic Segmentation
The report offers exhaustive assessment of different region-wise Vehicle Tracking System markets such as North America, Europe, China and Japan, etc. Key regions covered in the report are U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E
For the period 2016-2028, the report provides country-wise revenue and volume sales analysis and region-wise revenue and volume analysis of the global Vehicle Tracking System market. For the period 2016-2021, it provides sales (consumption) analysis and forecast of different regional markets by each application as well as type segment in terms of volume.
Manufacturers
The report includes comprehensive company profiling of leading and emerging companies competing in the global Vehicle Tracking System market. It provides a detailed list of players operating at a global level. The players have been listed according to the type of products they offer in the global Vehicle Tracking System market and other factors. As part of the company profiling, the analysts authoring the report has provided the market entry year of each player considered for the research study. The report also offers extensive price, volume sales, and revenue analysis by the manufacturer at the global level for the period 2016-2021.
By Type and Application Segments
The report includes a detailed analysis of leading and type and application segments of the global Vehicle Tracking System market. All of the segments covered in the report are broadly analyzed based on some deciding factors. The segmental analysis section of the report offers revenue sales analysis and forecast of the global Vehicle Tracking System market by each type segment for the period 2016-2028. It also offers volume sales (consumption) analysis and forecast of the global Vehicle Tracking System market by each type segment for the same period. Also, it provides volume sales (consumption) analysis and forecast of the global Vehicle Tracking System market by each application segment for the same period.
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This report includes the following manufacturers:
AT&T Inc
Cartrack Holdings Limited
Continental AG
Geotab Inc
Inseego Corp
Robert Bosch GmbH
Spireon Inc
Teletrac Navman US Ltd
TomTom Telematics BV
Verizon Communications Inc
Market Segment by Vehicle Type
Commercial Vehicles
Passenger Vehicles
Market Segment by Technologies
Connectivity Technology
GPS
GLONASS
Market Segment by Type
Active
Passive
Market Segment by Services
Professional Services
Managed Services
Integration and Deployment Services
Market Segment by Application
Fleet Management
Private Cars
Two-Wheeler Tracking
Cellular Tracking
Mobile Tracking
Satellite Tracking
Market Segment by Industrial Verticals
Construction
Government
Transportation and Logistics
Retail
Aviation
Metals and Mining
Energy
Utility
Others
Research Methodology
To compile the detailed study of the global Vehicle Tracking System market, a robust research methodology has been adopted that aids in determining the key insights and also evaluates the growth prospects of the Vehicle Tracking System market. Data Insights Partner Research analysts have conducted in-depth primary and secondary research to obtain crucial insights into the Vehicle Tracking System market. To carry out secondary research, the analysts have collected the information through company annual reports, journals, company press releases, and paid databases that were referred to gain and identify better opportunities in the global market.
Salient Features:
Ø This study offers comprehensive yet detailed analysis of the Vehicle Tracking System market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Vehicle Tracking System market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of Type of models, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Vehicle Tracking System caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Vehicle Tracking System market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the Vehicle Tracking System market
v Identification of key factors driving investment opportunities in the Vehicle Tracking System market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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