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Vehicle Tracking System Market: Current Analysis and Forecast (2021-2027)

About the Report

About the Report

Collaboration between information technology and telecom sector has created a whole new generation of solutions in major industrial sector, enabling the businesses to enhance efficiencies, and cut costs and speed deliveries. One such technological is vehicle tracking system, it provide real time information about the movement and location of vehicles, which is one of the most important for the smooth operation of logistics and transportation sector. Logistics companies such as Blue Dart and Gati in India are using vehicle tracking system (VTS) to track the status of shipments they need to deliver. In addition, car rental firm such as Budget Rent A Car also uses the VTS to maintain schedules and track their operational vehicles. VTS uses technologies such as GPS and other navigation system operating via satellite and ground-based stations to track the vehicles anywhere on earth. It is predicted that vehicle security being the primary concern for vehicle owners, would provide ample growth opportunity for the automotive technology service providers to cater to the untapped market for VTS.
Based on Type, the Vehicle Tracking System Market is segmented into Active and Passive system. Active system is expected to witness high adoption owing to its reliability and accuracy. Active tracking system cost more compared to the passive tracking system. Passive system constantly collects data about vehicle position and stores it in the storage device. Wherein, active system uses internet connectivity to transmit the information about the vehicle location to the linked devices such as smartphone, laptop, and tablets etc.
Based on Technology, the market is bifurcated into GPS-based tracking system, Cellular network-based, Satellite based system. GPS-based tracking system provide more accurate data compared to cellular network-based trackers; hence, adoption of GPS-based tracking system is higher, compared to the cellular network-based tracking system. However, Cellular network-based system is expected to witness significant growth owing to high penetration of smartphones and growing internet connectivity.
Based on Vehicle type, the market is segmented into Commercial Vehicle, Passenger vehicle. Currently, Commercial Vehicle segment dominates the market. Commercial vehicles are used by fleet operators for goods transportation, hence, to track the vehicle demand for vehicle tracking system among the commercial vehicle is more
Based on Application, the market is segmented into Transportation and Logistics, Manufacturing, Aviation, Retail, Government Sector, Others. Transportation and Logistics segment dominates the market. Introduction of application-based transportation service, have increased the vehicle rental and leasing activities, hence, to track the vehicle from theft is expected to increase the demand for vehicle tracking system
For a better understanding of the market, the report is analyzed based on different regions including North America (US, Canada, Rest of North America); Europe (Germany, UK, France, Italy, Rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of APAC); and Rest of World. North America owing to the presence of large number of fleet operators dominates the market.
Some of the major players operating in the market include Robert Bosch, AT&T Inc., Verizon Communications Inc., TomTom Inc., Continental AG, Fortive Corporation, Inseego Corp., Geotab Inc., Cartrack Holdings Limited, Xirgo Technologies, LLC.

Products


Companies

Robert Bosch, AT&T Inc., Verizon Communications Inc., TomTom Inc., Continental AG, Fortive Corporation, Inseego Corp., Geotab Inc., Cartrack Holdings Limited, Xirgo Technologies, LLC.

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Limitation

1.3. Stake Holders

1.4. Currency used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Process of the Vehicle Tracking System Market

2.2. Research Methodology of the Vehicle Tracking System Market

2.3. Forecasting Method

2.4. Respondent Profile

2.5. Main Objective of the Vehicle Tracking System Market Study

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 VEHICLE TRACKING SYSTEM MARKET COVID-19 IMPACT

6 VEHICLE TRACKING SYSTEM MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY TYPE

7.1. Active System

7.2. Passive System

8 MARKET INSIGHTS BY TECHNOLOGY

8.1. GPS-based tracking system

8.2. Cellular network-based

8.3 Satellite based system

9 MARKET INSIGHTS BY VEHICLE TYPE

9.1. Commercial Vehicle

9.2. Passenger vehicle

10 MARKET INSIGHTS BY APPLICATION

10.1. Transportation and Logistics

10.2. Manufacturing

10.3. Aviation

10.4. Retail

10.5. Government Sector

10.6. Others

11 MARKET INSIGHTS BY REGION

11.1. North America

11.1.1. US

11.1.2. Canada

11.1.3. Rest of North America

11.2. Europe

11.2.1. Germany

11.2.2. UK

11.2.3. France

11.2.4. Italy

11.2.5. Rest of Europe

11.3. Asia-Pacific

11.3.1. China

11.3.2. Japan

11.3.3. India

11.3.4. Australia

11.3.5. Rest of Asia-Pacific

11.4. Rest of World

12 VEHICLE TRACKING SYSTEM MARKET DYNAMICS

12.1. Market Drivers

12.2. Market Challenges

12.3. Impact Analysis

13 VEHICLE TRACKING SYSTEM MARKET OPPORTUNITIES

14 VEHICLE TRACKING SYSTEM MARKET TRENDS

15 LEGAL & REGULATORY FRAMEWORK

16 DEMAND AND SUPPLY SIDE ANALYSIS

16.1. Demand Side Analysis

16.2. Supply Side Analysis

16.2.1. Top Product Launches

16.2.2. Top Business Partnerships

16.2.3. Top Business Expansions

16.2.4. Top Merger and Acquisitions

17 VALUE CHAIN ANALYSIS

18 COMPETITIVE SCENARIO

18.1. Competitive Landscape

18.1.1. Company Shares, By Revenue

19 COMPANY PROFILED

19.1. Robert Bosch

19.2. AT&T Inc.

19.3. Verizon Communications Inc.

19.4. TomTom Inc.

19.5. Continental AG

19.6. Fortive Corporation

19.7. Inseego Corp.

19.8. Geotab Inc.

19.9. Cartrack Holdings Limited

19.10. Xirgo Technologies, LLC.

20 DISCLAIMER

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