Home > Automotive > Automotive Technology > Vehicle Safety and Security > Vehicle Management System (VMS) Market

Vehicle Management System (VMS) Market Share

Report ID: GMI9807
Published Date: Jun 2024
Report Format: PDF

Download Free Sample

Vehicle Management System Market Share

Bosch Automotive Service Solutions and Snap-on hold a significant market share of over 12% in the vehicle management system (VMS) industry. Various companies contribute to the vehicle management systems industry by offering advanced solutions. These include diagnostic tools and equipment for improving vehicle maintenance and reducing downtime, comprehensive fleet management solutions incorporating GPS tracking, driver behavior monitoring, and vehicle diagnostics for optimized operations and reduced costs, as well as vehicle recovery systems and telematics to enhance security and operational efficiency.

Additionally, video telematics are utilized to improve driver safety and fleet management through real-time data and analytics, while advanced driver assistance systems and autonomous driving technologies enhance vehicle safety and operational efficiency.

Vehicle Management System Market Companies

Major players operating in the vehicle management system (VMS) industry are:

Autel
Azuga
Bosch Automotive Service Solutions
Geotab
Launch Tech
LoJack Corporation
Lytx
Mobileye
Snap-on
Verizon Connect

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of vehicle management system (VMS) reached USD 17.3 billion in 2023 and is set to witness 8% CAGR between 2024 and 2032, owing to the need to comply with government regulations.

The solutions segment is projected to exceed USD 20 billion by 2032, driven by the need for enhanced operational efficiency, cost reduction, and regulatory compliance.

Asia Pacific market recorded over 47% share in 2023, due to rapid urbanization, expanding industrial activities, and increasing adoption of advanced technologies.

Azuga, Bosch Automotive Service Solutions, Geotab, Launch Tech, LoJack Corporation, Lytx, Mobileye, Snap-on, and Verizon Connect among others.