Market research reports, consulting: Global Market Insights Inc.
We use cookies to enhance user experience. (Privacy Policy)

Vehicle Tracking Device Market Analysis

Report ID: GMI193
   |
Published Date: December 2024
 | 
Report Format: PDF

Download free sample

Vehicle Tracking Device Market Analysis

Vehicle Tracking Device Market Size, By Component, 2022 – 2034, (USD Billion)

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.
 

Vehicle Tracking Device Market Share, By Connectivity, 2024

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.
 

U.S. Vehicle Tracking Device Market Size, 2022 -2034, (USD Billion)

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.
 

Authors: Preeti Wadhwani, Satyam Jaiswal
Frequently Asked Question(FAQ) :
Who are the major players in the vehicle tracking device market?
Major players in the market include AT&T Intelligence, Continental, Garmin, Geotab, Laird, Teltonika, TomTom International, Sensata, Vamosys, and Verizon Communications.
What is the size of the North America vehicle tracking device industry?
Why is the wireless segment in vehicle tracking devices growing?
How big is the vehicle tracking device market?

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

Authors: Preeti Wadhwani, Satyam Jaiswal
Buy Now
$4,123 $4,850
15% off
$4,840 $6,050
20% off
$5,845 $8,350
30% off
    Buy now
Premium Report Details

Base Year: 2024

Companies covered: 20

Tables & Figures: 200

Countries covered: 21

Pages: 175

Download Free Sample

Top