Get more information on Vehicle Tracking System Market - Request Sample Report
Vehicle tracking system market size was valued at USD 23.15 billion in 2023 and is expected to reach USD 76.54 billion by 2032 and grow at a CAGR of 14.21% over the forecast period 2024-2032.
The global vehicle tracking system market is driven by the increase in fleet operations in developing nations and the growing need for passenger and commercial vehicle tracking devices. Also, the increasing vehicle renting, and rental administrations have constrained rental organizations to coordinate GPS beacons to upgrade their administrations, further driving the market's development. According to the SNS's current analysis of recent industrial car registrations elevated by 13.9% in 2023 in comparison to 2022, driven through the revival of the Rental and leasing enterprise. In 2023, there were over 1.6 million commercial vehicles registered. People are increasingly concerned with vehicle robbery and driver protection, making tracking systems more Important. Additionally, fleet operators in emerging markets are adopting these solutions to control their developing fleets better.
The increase in road accidents has led fleet control businesses and monitoring devices in all cars to track their location and velocity. Additionally, the growing uptake of intelligent delivery gadgets and the emergence of 5G into car connectivity are anticipated to propel market growth. The key element that drives the increase of the global vehicle tracking systems market consists of the integration of real-time monitoring and management of fuel in vehicles and protection.
Teltonika has created a vehicle tracking device that supports NB-IoT and LTE M1 connectivity and is equipped with Bluetooth to link with other devices and low energy sensors, allowing the ground support truck to be tracked easily.
Drivers
Vehicle tracking systems growing Because they provide actual-time location monitoring, which can deter robbery and help get better stolen cars.
Governments are mandating the installation of vehicle tracking systems in commercial motors. This is being achieved to enhance safety and security.
The integration of advanced technologies together with artificial intelligence (AI) and the Internet of Things (IoT) is making vehicle tracking systems more sophisticated and valuable.
Growing vehicle thefts are a Major challenge for both individuals and agencies. In the United States, the FBI said over 1,020,729 vehicle thefts in 2023. Vehicle Tracking systems play an important role in fighting this difficulty. By supplying real-time place records, those structures can deter robbery tries within the first area. Additionally, they notably improve the probability of getting back stolen vehicles. Studies advise that stolen vehicles equipped with monitoring systems are recovered at a fee of up to 85% compared to just 34% for those without. Furthermore, vehicle tracking systems promote safer driving practices. By monitoring motive force conduct, including dashing or harsh braking, fleet managers can discover and cope with capacity troubles. With the rising expenses related to car injuries and theft, the price proposition of vehicle tracking systems turns into clean, Driving market growth.
Restraints for the Vehicle Tracking System Market
There are issues that vehicle tracking systems could be used to track the locations of people or their movements without their consent.
The cost of installing a vehicle tracking system is excessive initially, specifically for small organizations.
Vehicle tracking systems are at risk of hacking or related to cybersecurity, which may permit criminals to benefit from getting the right of entry to vehicle vicinity facts.
One essential hurdle for the vehicle tracking system market is gathering real-time area data, which can be seen as an intrusion on private freedoms. Users, especially in regions with stricter policies, are probably hesitant to adopt this era due to worries about their moves being monitored without their know-how or consent. This increases questions about statistics possession, entry to control, and potential misuse with the aid of unauthorized people. Until clean facts privacy laws and strong safety features are installed, consumer adoption of vehicle monitoring structures may be constrained.
Segment Analysis
By Type
Active
Passive
By Vehicle Type
Passenger vehicles
LCV (Light Commercial Vehicles)
HCV (Heavy Commercial Vehicles)
Passenger Vehicles, Leading the Charge in the Vehicle Tracking System market, held the highest Revenue share of more than 42.6% and boasted a significant growth rate. This surge is fuelled by the considerable adoption of monitoring systems via app-primarily based vehicle leasing and renting corporations like Uber, Ola, Lyft, and Careem. These systems offer crucial operational manipulation for these businesses. Across the European Union, 9.25 Mn. new passenger cars were sold in 2022. The tracking device empowers these companies to accumulate valuable information like common speed, distance travelled, daily rides completed, and automobile idle time. These records are interpreted into actionable insights that can be used to enhance operational performance and, in the end, raise profitability.
Light commercial vehicles growing with a significant annual growth rate during the forecast period of 2024-2031. This is essentially pushed through the ever-growing extent of domestic and global logistic shipments transported by avenue. From shipping vans to buying and selling courier cars, the demand for tracking structures in light commercial vehicles is expected to rise. The transporting of high-priority assets together with business equipment, protection systems, or ammunition. Real-time tracking allows applicable parties to monitor the area of the car, ensuring well-timed shipping and safeguarding precious cargo.
By Application
GPS/Satellite
GPRS/Cellular Network
Dual Mode
GPS/satellite held the largest market share of more than 47.6% in 2023 and growing with a significant growth rate. This dominance can be attributed to several factors the rise in commercial vehicle sales has driven demand for tracking solutions, globally 92.3 Mn vehicles are sold in 2023 in approximately 25 Mn are commercial vehicles. the increasing adoption of cloud technology and the Internet of Things (IoT) across various industries, including healthcare, automotive, logistics, and defence, has created a favourable environment for GPS-based tracking.
Dual-mode segment is expected to experience significant annual growth in the forecast period of 2024-2032. This technology offers the best of both worlds, combining GPS and GPRS-based tracking systems. This translates to several advantages. Dual-mode systems are generally inexpensive and easy to install. More importantly, they establish a reliable connection between the server and the vehicle tracking device, ensuring consistent data flow.
By Industry Verticals
Transportation & Logistic
Construction & Manufacturing
Aviation
Retail
Government & Defence
Other
The transportation and logistics industry is the leader in utilizing vehicle tracking systems, held the largest revenue share of more than 26% in 2023, number of companies operating fleets of vehicles is constantly increasing. Also, there's been a global rise in using GPS technology to track shipments and vehicles in the transportation and logistics sectors. Due to the widespread use of GPS monitoring software, the transportation and logistics industry in the United States will undergo significant change in 2024. GPS era and up-to-end RFID answers have enabled businesses to systemize their fleet management, enhance operational performance, and secure cargo, as a consequence becoming an essential device. Vehicle tracking systems offer significant benefits to companies in this industry. These benefits include improved management of fleets and resources, increased safety for drivers and cargo, better efficiency through real-time traffic updates and optimized routes, the ability to monitor fuel levels, distance travelled, and vehicle speeds, and reduced administrative costs through automated data collection. The combination of these advantages is a major factor driving the growth of the vehicle tracking system market in transportation and logistics.
Need any customization research on Vehicle Tracking System Market - Ask For Customization
By Component
Hardware
OBD Device/ Tracker and Advance Tracker
Standalone Tracker
Software
Performance Management
Vehicle Diagnostics
Fleet Analytics & Reporting
Driver Behaviour Monitoring
Others
The software segment is the dominant vehicle tracking system market and held a revenue share of more than 58% in 2023. Packed with features like fleet analytics, real-time traffic and maintenance alerts, vehicle diagnostics, driver behaviour monitoring, and even utilization measurements that track efficiency and ownership costs, this software provides users with valuable data for analysis. This data empowers fleet managers to maintain operational harmony, improve overall performance, monitor employee behaviour, and optimize costs. Essentially, the software acts as the brain of the tracking system, turning raw data into actionable insights.
With a Significant compound annual growth rate of 17.2%, the hardware segment is growing. This segment includes both OBD (Onboard Diagnostics Device) trackers and standalone trackers. These devices act as the eyes and ears of the system, using sensors, electronic control units, and diagnostic trouble codes to analyze and regulate vehicle systems. also alert drivers to potential problems. Features like buzzer support, low-power sleep mode, and efficient cellular and GPS capabilities all contribute to the hardware segment's strong market position.
North America region held 32.5% revenue share of the Vehicle tracking system market in 2023. The development of intelligent systems has prompted the use of fleet management technologies. Additionally, increasing awareness of vehicle fleet and cargo technology and concerns regarding carbon emissions. The government's mandated safety standards also help to drive vehicle tracking system market expansion.
With a CAGR of 17.9%, the Asia-Pacific region is anticipated to expand the fastest annual growth. The market's growth is being fuelled with the aid of several factors, together with an upward push within the wide variety of business and passenger car sales, stringent authorities mandates, the location's growing reputation of e-trade, and growth in change activities. In addition, the market's expansion is further Driven by the region's growing acceptance of IoT, connected cars, autonomous vehicles, and cloud technologies.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Key Players
The Major Players in market are Laipac Technology Inc., Sensata Technologies Inc., Trackimo, CalAmp, TELTONIKA, ORBCOMM, TomTom International BV., Cartrack, Geotab Inc., Verizon, and Others in final Report.
| Report Attributes | Details |
| Market Size in 2023 | US$ 23.15 Bn |
| Market Size by 2032 | US$ 76.54 Bn |
| CAGR | CAGR of 14.21% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Type (Active, Passive) • by Vehicle Type (Passenger vehicles, LCV, HCV) • by Application (GPS/Satellite, GPRS/Cellular Network, Dual Mode) • by Industry Verticals (Transportation & Logistic, Construction & Manufacturing, Aviation, Retail, Government & Defense, Others) • by Components (Hardware, Software) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles |
Laipac Technology Inc., Sensata Technologies Inc., Trackimo, CalAmp, TELTONIKA, ORBCOMM, TomTom International BV., Cartrack, Geotab Inc., Verizon, and Others |
| Key Drivers | • Vehicle integration of real-time monitoring and fuel management • Concerns about safety and security in transportation services |
| Market Opportunities | • The increased use of intelligent transportation systems • The introduction of 5G into vehicle connectivity |
Ans. The projected market size for the Vehicle Tracking System Market is USD 76.54 billion by 2032.
Ans: The Software Component segment dominated the Vehicle Tracking System Market.
Ans: The Asia Pacific region is expected to grow with the highest CAGR during the forecast period of 2024-2032.
Ans. The CAGR of the Vehicle Tracking System Market is 14.21% During the forecast period of 2024-2032.
Ans:
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Porter’s 5 Forces Model
6. Pest Analysis
7. Vehicle Tracking System Market Segmentation, By Type
7.1 Introduction
7.2 Active
7.3 Passive
8. Vehicle Tracking System Market Segmentation, By Vehicle Type
8.1 Introduction
8.2 Passenger vehicles
8.3 LCV (Light Commercial Vehicles)
8.4 HCV (Heavy Commercial Vehicles)
9. Vehicle Tracking System Market Segmentation, By Application
9.1 Introduction
9.2 GPS/Satellite
9.3 GPRS/Cellular Network
9.4 Dual Mode
10. Vehicle Tracking System Market Segmentation, By Industry Verticals
10.1 Introduction
10.2 Transportation & Logistics
10.3 Construction & Manufacturing
10.4 Aviation
10.5 Retail
10.6 Government & Defence
10.7 Other
11. Vehicle Tracking System Market Segmentation, By Component
11.1 Introduction
11.2 Hardware
11.2.1 OBD Device/ Tracker and Advance Tracker
11.2.2 Standalone Tracker
11.3 Software
11.3.1 Performance Management
11.3.2 Vehicle Diagnostics
11.3.3 Fleet Analytics & Reporting
11.3.4 Driver Behaviour Monitoring
11.3.5 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 Trend Analysis
12.2.2 North America Vehicle Tracking System Market By Country
12.2.3 North America Vehicle Tracking System Market By Type
12.2.4 North America Vehicle Tracking System Market By Vehicle Type
12.2.5 North America Vehicle Tracking System Market By Application
12.2.6 North America Vehicle Tracking System Market, By Industry Verticals
12.2.7 North America Vehicle Tracking System Market, By Component
12.2.8 USA
12.2.8.1 USA Vehicle Tracking System Market By Type
12.2.8.2 USA Vehicle Tracking System Market By Vehicle Type
12.2.8.3 USA Vehicle Tracking System Market By Application
12.2.8.4 USA Vehicle Tracking System Market, By Industry Verticals
12.2.8.5 USA Vehicle Tracking System Market, By Component
12.2.9 Canada
12.2.9.1 Canada Vehicle Tracking System Market By Type
12.2.9.2 Canada Vehicle Tracking System Market By Vehicle Type
12.2.9.3 Canada Vehicle Tracking System Market By Application
12.2.9.4 Canada Vehicle Tracking System Market, By Industry Verticals
12.2.9.5 Canada Vehicle Tracking System Market, By Component
12.2.10 Mexico
12.2.10.1 Mexico Vehicle Tracking System Market By Type
12.2.10.2 Mexico Vehicle Tracking System Market By Vehicle Type
12.2.10.3 Mexico Vehicle Tracking System Market By Application
12.2.10.4 Mexico Vehicle Tracking System Market, By Industry Verticals
12.2.10.5 Mexico Vehicle Tracking System Market, By Component
12.3 Europe
12.3.1 Trend Analysis
12.3.2 Eastern Europe
12.3.2.1 Eastern Europe Vehicle Tracking System Market By Country
12.3.2.2 Eastern Europe Vehicle Tracking System Market By Type
12.3.2.3 Eastern Europe Vehicle Tracking System Market By Vehicle Type
12.3.2.4 Eastern Europe Vehicle Tracking System Market By Application
12.3.2.5 Eastern Europe Vehicle Tracking System Market By Industry Verticals
12.3.2.6 Eastern Europe Vehicle Tracking System Market, By Component
12.3.2.7 Poland
12.3.2.7.1 Poland Vehicle Tracking System Market By Type
12.3.2.7.2 Poland Vehicle Tracking System Market By Vehicle Type
12.3.2.7.3 Poland Vehicle Tracking System Market By Application
12.3.2.7.4 Poland Vehicle Tracking System Market By Industry Verticals
12.3.2.7.5 Poland Vehicle Tracking System Market, By Component
12.3.2.8 Romania
12.3.2.8.1 Romania Vehicle Tracking System Market By Type
12.3.2.8.2 Romania Vehicle Tracking System Market By Vehicle Type
12.3.2.8.3 Romania Vehicle Tracking System Market By Application
12.3.2.8.4 Romania Vehicle Tracking System Market By Industry Verticals
12.3.2.8.5 Romania Vehicle Tracking System Market, By Component
12.3.2.9 Hungary
12.3.2.9.1 Hungary Vehicle Tracking System Market By Type
12.3.2.9.2 Hungary Vehicle Tracking System Market By Vehicle Type
12.3.2.9.3 Hungary Vehicle Tracking System Market By Application
12.3.2.9.4 Hungary Vehicle Tracking System Market By Industry Verticals
12.3.2.9.5 Hungary Vehicle Tracking System Market, By Component
12.3.2.10 Turkey
12.3.2.10.1 Turkey Vehicle Tracking System Market By Type
12.3.2.10.2 Turkey Vehicle Tracking System Market By Vehicle Type
12.3.2.10.3 Turkey Vehicle Tracking System Market By Application
12.3.2.10.4 Turkey Vehicle Tracking System Market By Industry Verticals
12.3.2.10.5 Turkey Vehicle Tracking System Market, By Component
12.3.2.11 Rest of Eastern Europe
12.3.2.11.1 Rest of Eastern Europe Vehicle Tracking System Market By Type
12.3.2.11.2 Rest of Eastern Europe Vehicle Tracking System Market By Vehicle Type
12.3.2.11.3 Rest of Eastern Europe Vehicle Tracking System Market By Application
12.3.2.11.4 Rest of Eastern Europe Vehicle Tracking System Market By Industry Verticals
12.3.2.11.5 Rest of Eastern Europe Vehicle Tracking System Market, By Component
12.3.3 Western Europe
12.3.3.1 Western Europe Vehicle Tracking System Market By Country
12.3.3.2 Western Europe Vehicle Tracking System Market By Type
12.3.3.3 Western Europe Vehicle Tracking System Market By Vehicle Type
12.3.3.4 Western Europe Vehicle Tracking System Market By Application
12.3.3.5 Western Europe Vehicle Tracking System Market By Industry Verticals
12.3.3.6 Western Europe Vehicle Tracking System Market, By Component
12.3.3.7 Germany
12.3.3.7.1 Germany Vehicle Tracking System Market By Type
12.3.3.7.2 Germany Vehicle Tracking System Market By Vehicle Type
12.3.3.7.3 Germany Vehicle Tracking System Market By Application
12.3.3.7.4 Germany Vehicle Tracking System Market By Industry Verticals
12.3.3.7.5 Germany Vehicle Tracking System Market, By Component
12.3.3.8 France
12.3.3.8.1 France Vehicle Tracking System Market By Type
12.3.3.8.2 France Vehicle Tracking System Market By Vehicle Type
12.3.3.8.3 France Vehicle Tracking System Market By Application
12.3.3.8.4 France Vehicle Tracking System Market By Industry Verticals
12.3.3.8.5 France Vehicle Tracking System Market, By Component
12.3.3.9 UK
12.3.3.9.1 UK Vehicle Tracking System Market By Type
12.3.3.9.2 UK Vehicle Tracking System Market By Vehicle Type
12.3.3.9.3 UK Vehicle Tracking System Market By Application
12.3.3.9.4 UK Vehicle Tracking System Market By Industry Verticals
12.3.3.9.5 UK Vehicle Tracking System Market, By Component
12.3.3.10 Italy
12.3.3.10.1 Italy Vehicle Tracking System Market By Type
12.3.3.10.2 Italy Vehicle Tracking System Market By Vehicle Type
12.3.3.10.3 Italy Vehicle Tracking System Market By Application
12.3.3.10.4 Italy Vehicle Tracking System Market By Industry Verticals
12.3.3.10.5 Italy Vehicle Tracking System Market, By Component
12.3.3.11 Spain
12.3.3.11.1 Spain Vehicle Tracking System Market By Type
12.3.3.11.2 Spain Vehicle Tracking System Market By Vehicle Type
12.3.3.11.3 Spain Vehicle Tracking System Market By Application
12.3.3.11.4 Spain Vehicle Tracking System Market By Industry Verticals
12.3.3.11.5 Spain Vehicle Tracking System Market, By Component
12.3.3.12 Netherlands
12.3.3.12.1 Netherlands Vehicle Tracking System Market By Type
12.3.3.12.2 Netherlands Vehicle Tracking System Market By Vehicle Type
12.3.3.12.3 Netherlands Vehicle Tracking System Market By Application
12.3.3.12.4 Netherlands Vehicle Tracking System Market By Industry Verticals
12.3.3.12.5 Netherlands Vehicle Tracking System Market, By Component
12.3.3.13 Switzerland
12.3.3.13.1 Switzerland Vehicle Tracking System Market By Type
12.3.3.13.2 Switzerland Vehicle Tracking System Market By Vehicle Type
12.3.3.13.3 Switzerland Vehicle Tracking System Market By Application
12.3.3.13.4 Switzerland Vehicle Tracking System Market By Industry Verticals
12.3.3.13.5 Switzerland Vehicle Tracking System Market, By Component
12.3.3.14 Austria
12.3.3.14.1 Austria Vehicle Tracking System Market By Type
12.3.3.14.2 Austria Vehicle Tracking System Market By Vehicle Type
12.3.3.14.3 Austria Vehicle Tracking System Market By Application
12.3.3.14.4 Austria Vehicle Tracking System Market By Industry Verticals
12.3.3.14.5 Austria Vehicle Tracking System Market, By Component
12.3.3.15 Rest of Western Europe
12.3.3.15.1 Rest of Western Europe Vehicle Tracking System Market By Type
12.3.3.15.2 Rest of Western Europe Vehicle Tracking System Market By Vehicle Type
12.3.3.15.3 Rest of Western Europe Vehicle Tracking System Market By Application
12.3.3.15.4 Rest of Western Europe Vehicle Tracking System Market By Industry Verticals
12.3.3.15.5 Rest of Western Europe Vehicle Tracking System Market, By Component
12.4 Asia-Pacific
12.4.1 Trend Analysis
12.4.2 Asia-Pacific Vehicle Tracking System Market By Country
12.4.3 Asia-Pacific Vehicle Tracking System Market By Type
12.4.4 Asia-Pacific Vehicle Tracking System Market By Vehicle Type
12.4.5 Asia-Pacific Vehicle Tracking System Market By Application
12.4.6 Asia-Pacific Vehicle Tracking System Market By Industry Verticals
12.4.7 Asia-Pacific Vehicle Tracking System Market, By Component
12.4.8 China
12.4.8.1 China Vehicle Tracking System Market By Type
12.4.8.2 China Vehicle Tracking System Market By Vehicle Type
12.4.8.3 China Vehicle Tracking System Market By Application
12.4.8.4 China Vehicle Tracking System Market By Industry Verticals
12.4.8.5 China Vehicle Tracking System Market, By Component
12.4.9 India
12.4.9.1 India Vehicle Tracking System Market By Type
12.4.9.2 India Vehicle Tracking System Market By Vehicle Type
12.4.9.3 India Vehicle Tracking System Market By Application
12.4.9.4 India Vehicle Tracking System Market By Industry Verticals
12.4.9.5 India Vehicle Tracking System Market, By Component
12.4.10 Japan
12.4.10.1 Japan Vehicle Tracking System Market By Type
12.4.10.2 Japan Vehicle Tracking System Market By Vehicle Type
12.4.10.3 Japan Vehicle Tracking System Market By Application
12.4.10.4 Japan Vehicle Tracking System Market By Industry Verticals
12.4.10.5 Japan Vehicle Tracking System Market, By Component
12.4.11 South Korea
12.4.11.1 South Korea Vehicle Tracking System Market By Type
12.4.11.2 South Korea Vehicle Tracking System Market By Vehicle Type
12.4.11.3 South Korea Vehicle Tracking System Market By Application
12.4.11.4 South Korea Vehicle Tracking System Market By Industry Verticals
12.4.11.5 South Korea Vehicle Tracking System Market, By Component
12.4.12 Vietnam
12.4.12.1 Vietnam Vehicle Tracking System Market By Type
12.4.12.2 Vietnam Vehicle Tracking System Market By Vehicle Type
12.4.12.3 Vietnam Vehicle Tracking System Market By Application
12.4.12.4 Vietnam Vehicle Tracking System Market By Industry Verticals
12.4.12.5 Vietnam Vehicle Tracking System Market, By Component
12.4.13 Singapore
12.4.13.1 Singapore Vehicle Tracking System Market By Type
12.4.13.2 Singapore Vehicle Tracking System Market By Vehicle Type
12.4.13.3 Singapore Vehicle Tracking System Market By Application
12.4.13.4 Singapore Vehicle Tracking System Market By Industry Verticals
12.4.13.5 Singapore Vehicle Tracking System Market, By Component
12.4.14 Australia
12.4.14.1 Australia Vehicle Tracking System Market By Type
12.4.14.2 Australia Vehicle Tracking System Market By Vehicle Type
12.4.14.3 Australia Vehicle Tracking System Market By Application
12.4.14.4 Australia Vehicle Tracking System Market By Industry Verticals
12.4.14.5 Australia Vehicle Tracking System Market, By Component
12.4.15 Rest of Asia-Pacific
12.4.15.1 Rest of Asia-Pacific Vehicle Tracking System Market By Type
12.4.15.2 Rest of Asia-Pacific Vehicle Tracking System Market By Vehicle Type
12.4.15.3 Rest of Asia-Pacific Vehicle Tracking System Market By Application
12.4.15.4 Rest of Asia-Pacific Vehicle Tracking System Market By Industry Verticals
12.4.15.5 Rest of Asia-Pacific Vehicle Tracking System Market, By Component
12.5 Middle East & Africa
12.5.1 Trend Analysis
12.5.2 Middle East
12.5.2.1 Middle East Vehicle Tracking System Market By Country
12.5.2.2 Middle East Vehicle Tracking System Market By Type
12.5.2.3 Middle East Vehicle Tracking System Market By Vehicle Type
12.5.2.4 Middle East Vehicle Tracking System Market By Application
12.5.2.5 Middle East Vehicle Tracking System Market By Industry Verticals
12.5.2.6 Middle East Vehicle Tracking System Market, By Component
12.5.2.7 UAE
12.5.2.7.1 UAE Vehicle Tracking System Market By Type
12.5.2.7.2 UAE Vehicle Tracking System Market By Vehicle Type
12.5.2.7.3 UAE Vehicle Tracking System Market By Application
12.5.2.7.4 UAE Vehicle Tracking System Market By Industry Verticals
12.5.2.7.5 UAE Vehicle Tracking System Market, By Component
12.5.2.8 Egypt
12.5.2.8.1 Egypt Vehicle Tracking System Market By Type
12.5.2.8.2 Egypt Vehicle Tracking System Market By Vehicle Type
12.5.2.8.3 Egypt Vehicle Tracking System Market By Application
12.5.2.8.4 Egypt Vehicle Tracking System Market By Industry Verticals
12.5.2.8.5 Egypt Vehicle Tracking System Market, By Component
12.5.2.9 Saudi Arabia
12.5.2.9.1 Saudi Arabia Vehicle Tracking System Market By Type
12.5.2.9.2 Saudi Arabia Vehicle Tracking System Market By Vehicle Type
12.5.2.9.3 Saudi Arabia Vehicle Tracking System Market By Application
12.5.2.9.4 Saudi Arabia Vehicle Tracking System Market By Industry Verticals
12.5.2.9.5 Saudi Arabia Vehicle Tracking System Market, By Component
12.5.2.10 Qatar
12.5.2.10.1 Qatar Vehicle Tracking System Market By Type
12.5.2.10.2 Qatar Vehicle Tracking System Market By Vehicle Type
12.5.2.10.3 Qatar Vehicle Tracking System Market By Application
12.5.2.10.4 Qatar Vehicle Tracking System Market By Industry Verticals
12.5.2.10.5 Qatar Vehicle Tracking System Market, By Component
12.5.2.11 Rest of Middle East
12.5.2.11.1 Rest of Middle East Vehicle Tracking System Market By Type
12.5.2.11.2 Rest of Middle East Vehicle Tracking System Market By Vehicle Type
12.5.2.11.3 Rest of Middle East Vehicle Tracking System Market By Application
12.5.2.11.4 Rest of Middle East Vehicle Tracking System Market By Industry Verticals
12.5.2.11.5 Rest of Middle East Vehicle Tracking System Market, By Component
12.5.3 Africa
12.5.3.1 Africa Vehicle Tracking System Market By Country
12.5.3.2 Africa Vehicle Tracking System Market By Type
12.5.3.3 Africa Vehicle Tracking System Market By Vehicle Type
12.5.3.4 Africa Vehicle Tracking System Market By Application
12.5.3.5 Africa Vehicle Tracking System Market By Industry Verticals
12.5.3.6 Africa Vehicle Tracking System Market, By Component
12.5.3.7 Nigeria
12.5.3.7.1 Nigeria Vehicle Tracking System Market By Type
12.5.3.7.2 Nigeria Vehicle Tracking System Market By Vehicle Type
12.5.3.7.3 Nigeria Vehicle Tracking System Market By Application
12.5.3.7.4 Nigeria Vehicle Tracking System Market By Industry Verticals
12.5.3.7.5 Nigeria Vehicle Tracking System Market, By Component
12.5.3.8 South Africa
12.5.3.8.1 South Africa Vehicle Tracking System Market By Type
12.5.3.8.2 South Africa Vehicle Tracking System Market By Vehicle Type
12.5.3.8.3 South Africa Vehicle Tracking System Market By Application
12.5.3.8.4 South Africa Vehicle Tracking System Market By Industry Verticals
12.5.3.8.5 South Africa Vehicle Tracking System Market, By Component
12.5.3.9 Rest of Africa
12.5.3.9.1 Rest of Africa Vehicle Tracking System Market By Type
12.5.3.9.2 Rest of Africa Vehicle Tracking System Market By Vehicle Type
12.5.3.9.3 Rest of Africa Vehicle Tracking System Market By Application
12.5.3.9.4 Rest of Africa Vehicle Tracking System Market By Industry Verticals
12.5.3.9.5 Rest of Africa Vehicle Tracking System Market, By Component
12.6 Latin America
12.6.1 Trend Analysis
12.6.2 Latin America Vehicle Tracking System Market By country
12.6.3 Latin America Vehicle Tracking System Market By Type
12.6.4 Latin America Vehicle Tracking System Market By Vehicle Type
12.6.5 Latin America Vehicle Tracking System Market By Application
12.6.6 Latin America Vehicle Tracking System Market By Industry Verticals
12.6.7 Latin America Vehicle Tracking System Market, By Component
12.6.8 Brazil
12.6.8.1 Brazil Vehicle Tracking System Market By Type
12.6.8.2 Brazil Vehicle Tracking System Market By Vehicle Type
12.6.8.3 Brazil Vehicle Tracking System Market By Application
12.6.8.4 Brazil Vehicle Tracking System Market By Industry Verticals
12.6.8.5 Brazil Vehicle Tracking System Market, By Component
12.6.9 Argentina
12.6.9.1 Argentina Vehicle Tracking System Market By Type
12.6.9.2 Argentina Vehicle Tracking System Market By Vehicle Type
12.6.9.3 Argentina Vehicle Tracking System Market By Application
12.6.9.4 Argentina Vehicle Tracking System Market By Industry Verticals
12.6.9.5 Argentina Vehicle Tracking System Market, By Component
12.6.10 Colombia
12.6.10.1 Colombia Vehicle Tracking System Market By Type
12.6.10.2 Colombia Vehicle Tracking System Market By Vehicle Type
12.6.10.3 Colombia Vehicle Tracking System Market By Application
12.6.10.4 Colombia Vehicle Tracking System Market By Industry Verticals
12.6.10.5 Colombia Vehicle Tracking System Market, By Component
12.6.11 Rest of Latin America
12.6.11.1 Rest of Latin America Vehicle Tracking System Market By Type
12.6.11.2 Rest of Latin America Vehicle Tracking System Market By Vehicle Type
12.6.11.3 Rest of Latin America Vehicle Tracking System Market By Application
12.6.11.4 Rest of Latin America Vehicle Tracking System Market By Industry Verticals
12.6.11.5 Rest of Latin America Vehicle Tracking System Market, By Component
13. Company Profiles
13.1 Laipac Technology Inc.
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Services Offered
13.1.4 The SNS View
13.2 Sensata Technologies Inc.
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Services Offered
13.2.4 The SNS View
13.3 Trackimo
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Services Offered
13.3.4 The SNS View
13.4 CalAmp
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Services Offered
13.4.4 The SNS View
13.5 TELTONIKA
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Services Offered
13.5.4 The SNS View
13.6 ORBCOMM
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Services Offered
13.6.4 The SNS View
13.7 TomTom International BV.
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Services Offered
13.7.4 The SNS View
13.8 Cartrack
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Products/ Services Offered
13.8.4 The SNS View
13.9 Geotab Inc.
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Products/ Services Offered
13.9.4 The SNS View
13.10 Verizon
13.10.1 Company Overview
13.10.2 Financial
13.10.3 Products/ Services Offered
13.10.4 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. Use Case and Best Practices
16. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Parental Control Software Market size was valued at USD 1.2 billion in 2023 and is expected to grow to USD 3.1 billion by 2031 and grow at a CAGR of 12.7 % over the forecast period of 2024-2031.
The Passive Authentication Market size was valued at USD 1.8 Billion in 2023 and is expected to reach USD 8.21 Billion by 2031 and grow at a CAGR of 20.9% over the forecast period 2024-2031.
The Intelligent Process Automation Market size was USD 13.9 billion in 2022 and is expected to Reach USD 37.08 billion by 2030 and grow at a CAGR of 13.05% over the forecast period of 2023-2030.
The Push to Talk Market size was valued at USD 30.33 billion in 2023 and is estimated to reach USD 70.91 billion in 2031 with a growing CAGR of 11.2% Over the Forecast Period of 2024-2031.
The Certificate Authority Market is anticipated to develop at a CAGR of 10.9% from 2023 to 2030, from an estimated value of USD 151.3 Million in 2022 to USD 346.17 Million in 2030.
The Optical Communication and Networking Market size was valued at USD 26.03 Billion in 2023 and is expected to reach USD 51.48 Billion by 2031 and grow at a CAGR of 8.9% over the forecast period 2024-2031.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
