Vehicle Tracking Market 2029 Forecast: Size, Key Facts, and Predictions for Global Growth

Posted January 13, 2024 by Rishikesh

Vehicle tracking is the process of monitoring a vehicle's location using GPS technology. It ensures proper use of vehicles and aids in recovery if stolen.
The Vehicle Tracking Market size was valued at US$ 24.18 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 14% from 2024 to 2030, reaching nearly US$ 60.23 Bn.

Market Values:

The latest market research report on the Vehicle Tracking Market by Maximize Market Research offers a meticulous analysis of market strategies, micro and macro trends, pricing dynamics, short-term conditions, and a holistic overview of key players. The report anticipates future trends that will steer the growth of the Vehicle Tracking market, providing insights into the expected market size and compound annual growth rate (CAGR).

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Report Scope and Research Methodology:

Maximize Market Research delves deep into the Vehicle Tracking Market at global, regional, and country levels. The report provides an exhaustive analysis of the competitive landscape, encompassing the business strategies adopted by industry competitors. Detailed profiles of key competitors, including revenue, production capacity, sales, and global presence, are presented. Employing SWOT analysis, the strengths and weaknesses of key players are identified. The report also explores market dynamics, covering drivers, restraints, opportunities, and challenges.

The global and regional market size estimation follows a bottom-up approach, offering a detailed value chain analysis that unravels the manufacturing process of Vehicle Tracking s. Additional analyses include Porter's five forces, PESTLE analysis, and market attractiveness, contributing to a holistic understanding of the market at both macro and micro levels.

Market Segmentation:

The report explores market segments, global trends, challenges, opportunities, and factors influencing market growth. Key questions about the market's future, regulatory interventions, key players, and growth strategies are addressed.

by Component


by Vehicle Type

Passenger Vehicles
Commercial Vehicles

by Technology

GPRS/Cellular Network
Dual Mode

by End-User

Transportation & Logistic
Construction & Manufacturing
Government & Defense

Key Players:

The report answers critical questions about the Vehicle Tracking Market, including market segments, global trends, major challenges, growth opportunities, regulatory interventions, key players, and growth strategies. Insights into market share, size, and forecasts are provided by revenue for the years 2023 to 2029. The report also covers market dynamics, growth drivers, restraints, investment opportunities, and key trends. A detailed analysis of segments and sub-segments, competitive landscapes, and industry recommendations are also part of the report.

North America:
1.VerizonCommunications Inc. (USA)
2. Geotab Inc. (Canada)
3. CalAmp (USA)
5. Xirgo Technologies, LLC (USA)
6. Spireon Inc. (USA)
7. Inseego Corp. (USA)
8. Fortive Corporation (Everett, Washington, USA)
9. AT&T Inc. (USA)
10. Laipac Technology Inc. (Canada)
11. Trackimo Inc. (New York, USA)
12. CalAmp (USA)
13. TomTom International B.V. (Netherlands)
14. Teltonika (Vilnius, Lithuania)
15. Continental AG (Hanover, Germany)
16. Robert Bosch GmbH (Gerlingen, Germany)
17. other
1. Denso Corporation (Japan)
2. NEC Corporation
3. Cartrack
4. Other

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Regional Insights:

Maximize Market Research's study on the Vehicle Tracking Market includes company profiles from various regions, providing insights into business strategies and statistics. Dynamics and market size analyses are presented at local, regional, and global levels.

Key questions answered in the Vehicle Tracking Market are:

 What are the Vehicle Tracking market segments?

 What are the global trends in the Vehicle Tracking Market?

 What are the major challenges that the Vehicle Tracking Market could face in the future?

 What are the factors creating opportunities for the Vehicle Tracking market growth?

 How is the intervention from regulatory authority shaping the Vehicle Tracking Market?

 Who are the key players in the Vehicle Tracking ?

 What growth strategies are the players considering to increase their presence in Vehicle Tracking Market?

 Which region held the largest Vehicle Tracking market share in 2029?

 Which regional Vehicle Tracking market is expected to grow rapidly during the forecast period?

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About Maximize Market Research:

Maximize Market Research is a versatile market research and consulting company covering diverse industries such as medical devices, pharmaceuticals, science and engineering, electronic components, industrial equipment, technology, communication, automotive, chemicals, general merchandise, beverages, personal care, and automated systems. The company offers market-verified industry estimations, technical trend analysis, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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Phone: +91 96071 95908, +91 9607365656
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Issued By rushi
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Country United States
Categories Automotive , Business , Consumer
Tags vehicle tracking market size vehicle tracking market share vehicle tracking market trends vehicle tracking market growth vehicle tracking market indus
Last Updated January 13, 2024