Report Content
Chapter 1 Methodology & Scope
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates & calculations
1.2.1 Base year calculation
1.2.2 Key trends for market estimation
1.3 Forecast model
1.4 Primary research and validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market scope & definition
Chapter 2 Executive Summary
2.1 Industry 3600 synopsis, 2021 - 2034
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Supplier landscape
3.2.1 Component providers
3.2.2 Service providers
3.2.3 Manufacturers
3.2.4 Distributors
3.2.5 End users
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Regulatory landscape
3.7 Cost analysis
3.8 Case study
3.9 Impact forces
3.9.1 Growth drivers
3.9.1.1 Growing concerns over vehicle safety
3.9.1.2 Surge in number of vehicle thefts
3.9.1.3 Rising integration of AI-based accident detection
3.9.1.4 Increasing need for fleet management
3.9.2 Industry pitfalls & challenges
3.9.2.1 Data and privacy concerns
3.9.2.2 High initial cost
3.10 Growth potential analysis
3.11 Porter’s analysis
3.12 PESTEL analysis
Chapter 4 Competitive Landscape, 2024
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Component, 2021 - 2034 ($Bn, Units)
5.1 Key trends
5.2 Hardware
5.2.1 OBD device/ tracker and advance tracker
5.2.2 Standalone tracker
5.3 Software
5.3.1 Fleet management platforms
5.3.2 Data analytics tools
5.3.3 Mapping and navigation systems
5.3.4 Real-time tracking software
5.3.5 Others
Chapter 6 Market Estimates & Forecast, By Connectivity, 2021 - 2034 ($Bn, Units)
6.1 Key trends
6.2 Wired
6.3 Wireless
Chapter 7 Market Estimates & Forecast, By Communication Tracker, 2021 - 2034 ($Bn, Units)
7.1 Key trends
7.2 Cellular networks
7.3 Satellite
7.4 Dual mode
Chapter 8 Market Estimates & Forecast, By Vehicle, 2021 - 2034 ($Bn, Units)
8.1 Key trends
8.2 Passenger vehicles
8.2.1 Hatchback
8.2.2 Sedan
8.2.3 SUV
8.3 Commercial vehicles
8.3.1 Light Commercial Vehicles (LCV)
8.3.2 Heavy Commercial Vehicles (HCV)
Chapter 9 Market Estimates & Forecast, By Application, 2021 - 2034 ($Bn, Units)
9.1 Key trends
9.2 Transportation & logistics
9.3 Construction
9.4 Oil & gas
9.5 Mining
9.6 Emergency services
9.7 Others
Chapter 10 Market Estimates & Forecast, By Region, 2021 - 2034 ($Bn, Units)
10.1 Key trends
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.3 Europe
10.3.1 UK
10.3.2 Germany
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 Russia
10.3.7 Nordics
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 Australia
10.4.5 South Korea
10.4.6 Southeast Asia
10.5 Latin America
10.5.1 Brazil
10.5.2 Mexico
10.5.3 Argentina
10.6 MEA
10.6.1 UAE
10.6.2 South Africa
10.6.3 Saudi Arabia
Chapter 11 Company Profiles
11.1 AT&T Intelligence
11.2 ATrack Technology
11.3 CalAmp
11.4 Concox Information Technology
11.5 Continental
11.6 Garmin
11.7 Geotab
11.8 Laipac Technology
11.9 Laird
11.10 Meitrack
11.11 Queclink Wireless Solutions
11.12 Sensata
11.13 Starcom Systems
11.14 Suntech International
11.15 Teletrac Navman
11.16 Teltonika
11.17 TomTom International
11.18 Trackimo
11.19 Vamosys
11.20 Verizon Communications
Vehicle Tracking Device Market Analysis
Based on component, the market is divided into hardware and software. In 2024, the hardware segment was valued at over USD 20 billion. The segment is rapidly growing due to the demand for high-quality GPS devices and telematics systems as businesses seek reliable solutions for asset management. There is a rising trend towards the deployment of advanced tracking devices. For instance, in June 2024, Monimoto (Lithuania) introduced the Monimoto 9, the advancement in anti-theft GPS tracking technology. This version offers enhanced protection for a variety of assets, including motorcycles, ATVs, boat engines, trailers, and more.
Based on connectivity, the vehicle tracking device market is categorized into wired and wireless. The wireless segment is anticipated to register a CAGR of over 10% from 2025 to 2034. The rising preference for segment is largely attributed to their ease of installation, scalability, and the ability to provide real-time updates to users. The growth of IoT applications in vehicle tracking is facilitating this shift, enabling more sophisticated tracking capabilities. With advancements in wireless communication technologies, businesses can harness enhanced data analytics and remote monitoring to optimize fleet operations effectively.
North America dominated the global vehicle tracking device market with a major share of over 35% in 2024, led by stringent regulations and a robust logistics sector. The demand for real-time tracking solutions in fleet management is significant, particularly as companies seek to enhance operational efficiency and reduce costs. The prevalence of advanced telematics solutions is fostering growth, with companies increasingly integrating these systems to comply with regulatory requirements and improve safety.
Additionally, in Europe, the market is experiencing substantial growth due to a strong emphasis on transportation efficiency and safety. The European Union's regulations around vehicle emissions and safety standards are pushing fleet operators to adopt vehicle tracking technologies. Additionally, increasing consumer demand for transparency and accountability in logistics is further fueling the adoption of vehicle tracking devices.
In the Asia Pacific region, rapid urbanization and increasing vehicle ownership are driving substantial growth in the vehicle tracking device market. Countries such as India and China are witnessing significant investments in telematics infrastructure, supported by government initiatives aimed at improving transportation safety and efficiency. The rising logistics and e-commerce sectors in the region are driving the demand for robust tracking solutions. As awareness of vehicle safety and efficiency continues to rise among consumers and businesses, the market for vehicle tracking devices in Asia Pacific is poised for significant expansion.
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