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    Vehicle Tracking System Market

    ID: 6475
    135 Pages
    Research Team
    05/2023

    Vehicle Tracking System Market Research Report Information By Type (Active System and Passive System), By Technology (Global Navigation Satellite System (GLONASS), Global Positioning System (GPS), Connectivity Technology, and Others), By Vehicle Type (Passenger Car, and Commercial Car), By Propulsion (ICE, and Electric Vehicle), By Application (Residential, and Commercial) And By Region (North ...

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    Market Summary

    Research Methodology on Vehicle Tracking System Market


    Abstract


    This research aims to examine the market for Vehicle Tracking Systems (VTS). The study focuses on drivers, restraints and trends in the market, to identify the recent market trend and growth opportunities. To assess the VTS market, this report studies the key drivers, restraints, opportunities and challenges of the market. Additionally, the competitive landscape, overall market size and market forecast are included in the study. The study also addresses recent developments, innovations and technological advancements in the VTS market.


    Introduction


    VTS are used to monitor the movements of vehicles and provide positioning and navigation. Currently, the transportation and logistics industry uses a variety of tracking systems, such as GPS tracking and radio frequency identification (RFID). GPS tracking systems are more popular than RFID as they provide more accurate information regarding a vehicle's location.


    Background


    With more vehicles on the road and an increased volume of traffic, safety concerns have increased. To address these safety concerns, the need for vehicle tracking systems is becoming more prevalent. Furthermore, the increase in other modes of transportation, such as buses and trains has also led to the need for a more efficient system. By allowing a company to keep track of their vehicles, VTS can improve reliability and reduce the risk of accidents or theft.


    Objectives


    The primary objective of this research is to analyze the global Vehicle Tracking System (VTS) market. The report assesses the drivers, restraints, and trends in the market, to identify the recent market trend and identify growth opportunities. Additionally, the report studies the key factors that are driving the VTS market, including the development of wireless technology and its applications. Furthermore, this report also examines recent technological advancements and innovations in the VTS market.


    Research Methodology


    The research methodology used for this study is a combination of qualitative and quantitative assessments. A variety of secondary and primary sources of data were used for this study. These sources included market reports, white papers, industry websites, statistical databases, economic reports, case studies and surveys. To assess the overall market trend, a double-blind analysis was conducted. Furthermore, interviews were also conducted with industry experts and stakeholders to gain further insights into the market.


    Data Collection


    The data collection for this research was done through a combination of primary and secondary sources. The secondary sources included various online and offline databases, such as databases from industry and market reports, annual reports, and other industry-related websites. Additionally, data is also collected through interviews with industry experts, such as industry consultants and executives of companies in the VTS market.


    Analysis


    To analyze the global VTS market, the researchers used several market analysis techniques. The research study makes use of Porter's Five Forces Model to analyze the market, to understand the competitive landscape and potential strategies available to the participants of the market. The research also uses SWOT Analysis, PEST Analysis and Gap Analysis techniques to get an overall sense of the market. Additionally, qualitative factors such as drivers, restraints, opportunities, and challenges are also analyzed.


    Validation


    The data is validated through multiple rounds of validation. The primary sources of data collected were validated by secondary sources and other industry reports. Furthermore, all the data collected through surveys and interviews were verified with multiple rounds of validation.


    Conclusion


    The research concluded that the global VTS market is estimated to grow at a staggering CAGR from 2023-2030. The major drivers for growth in the market are the increasing demand for improved safety and reliability, and the growth of wireless technology.


    Additionally, the increasing awareness among customers about the features and benefits of vehicle tracking systems, and the rising demand for real-time vehicle tracking are further contributing to the growth of the market. The research also concluded that the Asia-Pacific region is expected to witness the highest growth, and North America is expected to witness the fastest growth.

    Market Size & Forecast

    Report Attribute/Metric Details
    Market Size 2023 USD 22.62 billion
    Market Size 2024 USD 25.83 billion
    Market Size 2032 USD 65.57 billion
    Compound Annual Growth Rate (CAGR) 12.34% (2024-2032)
    Base Year 2023
    Market Forecast Period 2024-2032
    Historical Data 2018- 2023
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Type, Technology, Vehicle Type, Propulsion, Application, and Region
    Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
    Countries Covered The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled AT&T Intellectual Property. (US), Cartrack (South Africa), Continental AG (Germany), Robert Bosch GmbH (Germany), Spireon, Inc. (US), and Verizon. (US)
    Key Market Opportunities Rising concern for the security and safety of vehicles.
    Key Market Dynamics The increasing adoption of car leasing and rental services.

    Major Players

    Vehicle Tracking System Market Segmentation

    Vehicle Tracking System Type Outlook (USD Billion, 2018-2032)

    • Active System

    • Passive System

    Vehicle Tracking System Technology Outlook (USD Billion, 2018-2032)

    • Global Navigation Satellite System (GLONASS)

    • Global Positioning System (GPS)

    • Connectivity Technology

    • Others

    Vehicle Tracking System Vehicle Type Outlook (USD Billion, 2018-2032)

    • Passenger Car

    • Commercial Car

    Vehicle Tracking System Propulsion Outlook (USD Billion, 2018-2032)

    • ICE

    • Electric Vehicle

    Vehicle Tracking System Application Outlook (USD Billion, 2018-2032)

    • Residential

    • Commercial

    Vehicle Tracking System Regional Outlook (USD Billion, 2018-2032)

    • North America Outlook (USD Billion, 2018-2032)

      • North America Vehicle Tracking System by Type

        • Active System

        • Passive System

      • North America Vehicle Tracking System by Technology

        • Global Navigation Satellite System (GLONASS)

        • Global Positioning System (GPS)

        • Connectivity Technology

        • Others

      • North America Vehicle Tracking System by Vehicle Type

        • Passenger Car

        • Commercial Car

      • North America Vehicle Tracking System by Propulsion

        • ICE

        • Electric Vehicle

      • North America Vehicle Tracking System by Application

        • Residential

        • Commercial

      • US Outlook (USD Billion, 2018-2032)

      • US Vehicle Tracking System by Type

        • Active System

        • Passive System

      • US Vehicle Tracking System by Technology

        • Global Navigation Satellite System (GLONASS)

        • Global Positioning System (GPS)

        • Connectivity Technology

        • Others

      • US Vehicle Tracking System by Vehicle Type

        • Passenger Car

        • Commercial Car

      • US Vehicle Tracking System by Propulsion

        • ICE

        • Electric Vehicle

      • US Vehicle Tracking System by Application

        • Residential

        • Commercial

      • CANADA Outlook (USD Billion, 2018-2032)

      • CANADA Vehicle Tracking System by Type

        • Active System

        • Passive System

      • CANADA Vehicle Tracking System by Technology

        • Global Navigation Satellite System (GLONASS)

        • Global Positioning System (GPS)

        • Connectivity Technology

        • Others

      • CANADA Vehicle Tracking System by Vehicle Type

        • Passenger Car

        • Commercial Car

      • CANADA Vehicle Tracking System by Propulsion

        • ICE

        • Electric Vehicle

      • CANADA Vehicle Tracking System by Application

        • Residential

        • Commercial

    • Europe Outlook (USD Billion, 2018-2032)

      • Europe Vehicle Tracking System by Type

        • Active System

        • Passive System

      • Europe Vehicle Tracking System by Technology

        • Global Navigation Satellite System (GLONASS)

        • Global Positioning System (GPS)

        • Connectivity Technology

        • Others

      • Europe Vehicle Tracking System by Vehicle Type

        • Passenger Car

        • Commercial Car

      • Europe Vehicle Tracking System by Propulsion

        • ICE

        • Electric Vehicle

      • Europe Vehicle Tracking System by Application

        • Residential

        • Commercial

      • Germany Outlook (USD Billion, 2018-2032)

      • Germany Vehicle Tracking System by Type

        • Active System

        • Passive System

      • Germany Vehicle Tracking System by Technology

        • Global Navigation Satellite System (GLONASS)

        • Global Positioning System (GPS)

        • Connectivity Technology

        • Others

      • Germany Vehicle Tracking System by Vehicle Type

        • Passenger Car

        • Commercial Car

      • Germany Vehicle Tracking System by Propulsion

        • ICE

        • Electric Vehicle

      • Germany Vehicle Tracking System by Application

        • Residential

        • Commercial

      • France Outlook (USD Billion, 2018-2032)

      • France Vehicle Tracking System by Type

        • Active System

        • Passive System

      • France Vehicle Tracking System by Vehicle Type

        • Passenger Car

        • Commercial Car

      • France Vehicle Tracking System by Technology

        • Global Navigation Satellite System (GLONASS)

        • Global Positioning System (GPS)

        • Connectivity Technology

        • Others

      • France Vehicle Tracking System by Propulsion

        • ICE

        • Electric Vehicle

      • France Vehicle Tracking System by Application

        • Residential

        • Commercial

      • UK Outlook (USD Billion, 2018-2032)

      • UK Vehicle Tracking System by Type

        • Active System

        • Passive System

      • UK Vehicle Tracking System by Technology

        • Global Navigation Satellite System (GLONASS)

        • Global Positioning System (GPS)

        • Connectivity Technology

        • Others

      • UK Vehicle Tracking System by Vehicle Type

        • Passenger Car

        • Commercial Car

      • UK Vehicle Tracking System by Propulsion

        • ICE

        • Electric Vehicle

      • UK Vehicle Tracking System by Application

        • Residential

        • Commercial

      • ITALY Outlook (USD Billion, 2018-2032)

      • ITALY Vehicle Tracking System by Type

        • Active System

        • Passive System

      • ITALY Vehicle Tracking System by Technology

        • Global Navigation Satellite System (GLONASS)

        • Global Positioning System (GPS)

        • Connectivity Technology

        • Others

      • ITALY Vehicle Tracking System by Vehicle Type

        • Passenger Car

        • Commercial Car

      • ITALY Vehicle Tracking System by Propulsion

        • ICE

        • Electric Vehicle

      • ITALY Vehicle Tracking System by Application

        • Residential

        • Commercial

      • SPAIN Outlook (USD Billion, 2018-2032)

      • Spain Vehicle Tracking System by Type

        • Active System

        • Passive System

      • Spain Vehicle Tracking System by Technology

        • Global Navigation Satellite System (GLONASS)

        • Global Positioning System (GPS)

        • Connectivity Technology

        • Others

      • Spain Vehicle Tracking System by Vehicle Type

        • Passenger Car

        • Commercial Car

      • Spain Vehicle Tracking System by Propulsion

        • ICE

        • Electric Vehicle

      • Spain Vehicle Tracking System by Application

        • Residential

        • Commercial

      • Rest Of Europe Outlook (USD Billion, 2018-2032)

      • Rest Of Europe Vehicle Tracking System by Type

        • Active System

        • Passive System

      • REST OF EUROPE Vehicle Tracking System by Technology

        • Global Navigation Satellite System (GLONASS)

        • Global Positioning System (GPS)

        • Connectivity Technology

        • Others

      • Rest Of Europe Vehicle Tracking System by Vehicle Type

        • Passenger Car

        • Commercial Car

      • Rest Of Europe Vehicle Tracking System by Propulsion

        • ICE

        • Electric Vehicle

      • REST OF EUROPE Vehicle Tracking System by Application

        • Residential

        • Commercial

    • Asia-Pacific Outlook (USD Billion, 2018-2032)

      • Asia-Pacific Vehicle Tracking System by Type

        • Active System

        • Passive System

      • Asia-Pacific Vehicle Tracking System by Technology

        • Global Navigation Satellite System (GLONASS)

        • Global Positioning System (GPS)

        • Connectivity Technology

        • Others

      • Asia-Pacific Vehicle Tracking System by Vehicle Type

        • Passenger Car

        • Commercial Car

      • Asia-Pacific Vehicle Tracking System by Propulsion

        • ICE

        • Electric Vehicle

      • Asia-Pacific Vehicle Tracking System by Application

        • Residential

        • Commercial

      • China Outlook (USD Billion, 2018-2032)

      • China Vehicle Tracking System by Type

        • Active System

        • Passive System

      • China Vehicle Tracking System by Technology

        • Global Navigation Satellite System (GLONASS)

        • Global Positioning System (GPS)

        • Connectivity Technology

        • Others

      • China Vehicle Tracking System by Vehicle Type

        • Passenger Car

        • Commercial Car

      • China Vehicle Tracking System by Propulsion

        • ICE

        • Electric Vehicle

      • China Vehicle Tracking System by Application

        • Residential

        • Commercial

      • Japan Outlook (USD Billion, 2018-2032)

      • Japan Vehicle Tracking System by Type

        • Active System

        • Passive System

      • Japan Vehicle Tracking System by Vehicle Type

        • Passenger Car

        • Commercial Car

      • Japan Vehicle Tracking System by Technology

        • Global Navigation Satellite System (GLONASS)

        • Global Positioning System (GPS)

        • Connectivity Technology

        • Others

      • Japan Vehicle Tracking System by Propulsion

        • ICE

        • Electric Vehicle

      • Japan Vehicle Tracking System by Application

        • Residential

        • Commercial

      • India Outlook (USD Billion, 2018-2032)

      • India Vehicle Tracking System by Type

        • Active System

        • Passive System

      • India Vehicle Tracking System by Technology

        • Global Navigation Satellite System (GLONASS)

        • Global Positioning System (GPS)

        • Connectivity Technology

        • Others

      • India Vehicle Tracking System by Vehicle Type

        • Passenger Car

        • Commercial Car

      • India Vehicle Tracking System by Propulsion

        • ICE

        • Electric Vehicle

      • India Vehicle Tracking System by Application

        • Residential

        • Commercial

      • Australia Outlook (USD Billion, 2018-2032)

      • Australia Vehicle Tracking System by Type

        • Active System

        • Passive System

      • Australia Vehicle Tracking System by Vehicle Type

        • Passenger Car

        • Commercial Car

      • Australia Vehicle Tracking System by Technology

        • Global Navigation Satellite System (GLONASS)

        • Global Positioning System (GPS)

        • Connectivity Technology

        • Others

      • Australia Vehicle Tracking System by Propulsion

        • ICE

        • Electric Vehicle

      • Australia Vehicle Tracking System by Application

        • Residential

        • Commercial

      • Rest of Asia-Pacific Outlook (USD Billion, 2018-2032)

      • Rest of Asia-Pacific Vehicle Tracking System by Type

        • Active System

        • Passive System

      • Rest of Asia-Pacific Vehicle Tracking System by Vehicle Type

        • Passenger Car

        • Commercial Car

      • Rest of Asia-Pacific Vehicle Tracking System by Technology

        • Global Navigation Satellite System (GLONASS)

        • Global Positioning System (GPS)

        • Connectivity Technology

        • Others

      • Rest of Asia-Pacific Vehicle Tracking System by Propulsion

        • ICE

        • Electric Vehicle

      • Rest of Asia-Pacific Vehicle Tracking System by Application

        • Residential

        • Commercial

    • Rest of the World Outlook (USD Billion, 2018-2032)

      • Rest of the World Vehicle Tracking System by Type

        • Active System

        • Passive System

      • Rest of the World Vehicle Tracking System by Vehicle Type

        • Passenger Car

        • Commercial Car

      • Rest of the World Vehicle Tracking System by Technology

        • Global Navigation Satellite System (GLONASS)

        • Global Positioning System (GPS)

        • Connectivity Technology

        • Others

      • Rest of the World Vehicle Tracking System by Propulsion

        • ICE

        • Electric Vehicle

      • Rest of the World Vehicle Tracking System by Application

        • Residential

        • Commercial

      • Middle East Outlook (USD Billion, 2018-2032)

      • Middle East Vehicle Tracking System by Type

        • Active System

        • Passive System

      • Middle East Vehicle Tracking System by Technology

        • Global Navigation Satellite System (GLONASS)

        • Global Positioning System (GPS)

        • Connectivity Technology

        • Others

      • Middle East Vehicle Tracking System by Vehicle Type

        • Passenger Car

        • Commercial Car

      • Middle East Vehicle Tracking System by Propulsion

        • ICE

        • Electric Vehicle

      • Middle East Vehicle Tracking System by Application

        • Residential

        • Commercial

      • Africa Outlook (USD Billion, 2018-2032)

      • Africa Vehicle Tracking System by Type

        • Active System

        • Passive System

      • Africa Vehicle Tracking System by Technology

        • Global Navigation Satellite System (GLONASS)

        • Global Positioning System (GPS)

        • Connectivity Technology

        • Others

      • Africa Vehicle Tracking System by Vehicle Type

        • Passenger Car

        • Commercial Car

      • Africa Vehicle Tracking System by Propulsion

        • ICE

        • Electric Vehicle

      • Africa Vehicle Tracking System by Application

        • Residential

        • Commercial

      • Latin America Outlook (USD Billion, 2018-2032)

      • Latin America Vehicle Tracking System by Type

        • Active System

        • Passive System

      • Latin America Vehicle Tracking System by Technology

        • Global Navigation Satellite System (GLONASS)

        • Global Positioning System (GPS)

        • Connectivity Technology

        • Others

      • Latin America Vehicle Tracking System by Vehicle Type

        • Passenger Car

        • Commercial Car

      • Latin America Vehicle Tracking System by Propulsion

        • ICE

        • Electric Vehicle

      • Latin America Vehicle Tracking System by Application

        • Residential

        • Commercial

    Market Trends

    Vehicle Tracking System Market Overview

    The Vehicle Tracking System Market size was valued at USD 22.62 Billion in 2023. The Vehicle Tracking System industry is projected to grow from USD 25.83 Billion in 2024 to USD 65.57 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 12.34% during the forecast period (2024 - 2032). The rapid digitalization of vehicles and the need to achieve improved productivity, profitability at reduced costs, and operational efficiency are the key market drivers for expanding market growth.

    Vehicle Tracking System Market

    Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

    Vehicle Tracking System Market Trends

      • Increasing demand for commercial vehicles is driving the market growth

    Market CAGR is driven by the growing number of commercial vehicles, including buses, trucks, and vans, driving the market for vehicle tracking systems. Vehicles that are engaged in transporting men, material, or machinery- where on-time delivery can make a significant difference in cost and productivity- are prompting players to adopt GPS-tracking devices. School buses, city buses, state transport buses, cash vans, police petrol vans, cargo vans, courier pickup, radio taxis...

    Market Segment Insights

    Smartphone Sensors Smartphone Type Insights

    The Smartphone Sensors market segmentation, based on smartphone type, includes standard smartphone, rugged smartphone, smartwatches, and other wearable. The standard smartphone segment dominated the market, accounting for the maximum market revenue. A smartphone is a mobile phone with a built-in computer and advanced features, such as web browsing and operating system, which are not associated with its counterpart. The rising mobile internet use, rising disposable income in developing countries, and high ownership of premium design smartphones are a few factors that are anticipated to grow smartphone sales. Smartphones are helped by a mobile operating system that offers advanced computing facilities. A smartphone can also work as a digital media player for uploading photos, videos, and music through a single interface.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035
    Get detailed insights about Vehicle Tracking System Market

    Smartphone Sensors Manufacturer Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Application Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Regional Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035
    Get detailed insights about Smartphone Sensors Market

    Smartphone Sensors Price Insights

    The Smartphone Sensors market segmentation, based on price, includes USD 300 to USD 500, USD 100 to USD 300, above USD 500, and under USD 100. The USD 300 to USD 500 segment dominated the market revenue in the projected period. Most smartphones sold in medium-end devices have a sensor within this range. For instance: Nubia launched a new flagship Android device powered by the latest Snapdragon 8Gen 2CPU. The OEM has also specified that this gadget, which peculiarly seems to go by the name Z50 even though its processor was the z40 Pro, will compete with the Xiaomi 13 and iQOO11 series with cutting-edge LPDDR5X RAM and storage with the most recent UFS 4.0 spec.

    Get more detailed insights about Vehicle Tracking System Market

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development to expand their product lines, which will help the Smartphone Sensors market, grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and growing market climate, the Smartphone Sensors industry must offer cost-effective items.

    Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Smartphone Sensors industry to benefit clients and increase the market sector. In recent years, the Smartphone Sensors industry has offered manufacturers some of the most significant advantages. Major players in the Smartphone Sensors market, including MS AG (Austria), Broadcom Inc. (US), DYNA IMAGE Corporation (China), Murata Electronics Oy (Finland), NEXT Biometrics Group ASA (Norway), Omron Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Sony Corporation (Japan)., and others, are attempting to increase market demand by investing in research and development operations.

    Samsung is dedicated to abiding by local laws and regulations and enforcing a strict code of conduct for all employees. Samsung adheres to a straightforward business tent: to usage its technology and expertise to develop top-notch goods and services that make a more cultured world. Samsung provides a high importance on its people and technologies to do this. For Instance: In January 2023, Samsung Electronics launched its new MICRO LED, Neo QLED, and Samsung OLED product lines, along with lifestyle products and accessories, before CES® 2023.

    Apple Inc. is a multinational American technology business with its main office in Cupertino, California. According to revenue, Apple will be the top technological business in the world in 2022, with US $ 394.3 billion in sales. According to market capitalization, Apple is the largest corporation in the world as of March 2023. For Instance: In September 2022, the iPhone 14 and iPhone 14 Plus, which come in two sizes, 6.1 and 6.7 inches and include a smart design, camera upgrades, and game-changing new safety measures, were introduced by Apple. The iPhone 14 and iPhone 14 Plus have a powerful camera system that incorporates the primary and front TrueDepth cameras, the Ultra Wide camera for uncommon perspectives, and the photonic engine, an enhanced picture pipeline.

    Key Companies in the Smartphone Sensors market include

    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)

    Industry Developments

    • September 2022: Comcast and Samsung Electronics announced their partnership to create 5G Radio Access Network (RAN) technologies to enhance 5G connection for Xfinity Mobile and Comcast Business Mobile users in Comcast service zones. Samsung will provide 5G RAN technology, and Comcast will deploy Citizens Broadband Radio Service (CBRS) and 600 MHz spectrum to provide 5G access to consumer and business users in the US.
    • October 2022: Huawei announced the release of the newest antenna solutions, including the Maxwell platform and the X2 antenna series, for the subsequent 5G antenna innovation stage. The new technologies speed up 5G deployment by improving antenna and setup capabilities.

    Market Segmentation

    Smartphone Type Outlook

    • Standard Smartphone
    • Rugged Smartphone
    • Smartwatches
    • Other Wearable

    Price Outlook

    • USD 300 to USD 500
    • USD 100 to USD 300
    • Above USD 500
    • Under USD 100

    Manufacturer Outlook

    • Apple Inc.
    • Samsung Electronics
    • Huawei Technology
    • Xiaomi Inc.
    • Oppo
    • Sony Corporation
    • HMD Global

    Application Outlook

    • High-Level
    • Mid-Level
    • Low-Level

    Manufacturer Outlook

    North America
    • US
    • Canada
    Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
    Asia-Pacific
    • China
    • Japan
    • India
    • Italy
    • Australia
    • South Korea
    • Rest of Asia-Pacific
    Rest of the World
    • Middle East
    • Africa
    • Latin America

    Report Scope

    Report Attribute/Metric Details
    Market Size 2023 USD 22.62 billion
    Market Size 2024 USD 25.83 billion
    Market Size 2032 USD 65.57 billion
    Compound Annual Growth Rate (CAGR) 12.34% (2024-2032)
    Base Year 2023
    Market Forecast Period 2024-2032
    Historical Data 2018- 2023
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Type, Technology, Vehicle Type, Propulsion, Application, and Region
    Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
    Countries Covered The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled AT&T Intellectual Property. (US), Cartrack (South Africa), Continental AG (Germany), Robert Bosch GmbH (Germany), Spireon, Inc. (US), and Verizon. (US)
    Key Market Opportunities Rising concern for the security and safety of vehicles.
    Key Market Dynamics The increasing adoption of car leasing and rental services.

    Market Highlights

    Author

    Aarti Dhapte
    Team Lead - Research

    She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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    Latest Comments

    John Doe
    john@example.com

    This is a great article! Really helped me understand the topic better.

    Posted on July 23, 2025, 10:15 AM
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    Thanks for sharing this. I’ve bookmarked it for later reference.

    Posted on July 22, 2025, 7:45 PM
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    FAQs

    Why is the vehicle tracking system market projected to expand rapidly?

    Increasing demand for fleet management services is projected to boost demand in the vehicle tracking system market.

    On the basis of type, what are the segments of the vehicle tracking system market?

    The segments of the vehicle tracking system market, by type, are global navigation satellite system (GLONASS), connectivity technology, global positioning system (GPS), and others.

    By application, which segments of the vehicle tracking system market are studied in the report?

    The application based segments of the vehicle tracking system market are commercial and residential.

    On the basis of propulsion type, what are the segments of the vehicle tracking system market?

    The segments of the vehicle tracking system market, by propulsion type, are ICE and electric vehicle.

    Who are the key participants of the vehicle tracking system market?

    The key participants are AT&T Inc. (US), Continental AG (Germany), Cartrack Holdings Limited (South Africa), Robert Bosch GmbH (Germany), Spireon, Inc. (US), Verizon Communications Inc. (US), Geotab Inc. (Canada), US Fleet Tracking (US), Inseego Corp. (US), and TRACK GROUP (US).

    1. Asia-Pacific: Vehicle Tracking System Market, by Technology, by Country, 2024-2032
    2. Asia-Pacific: Vehicle Tracking System Market, by Vehicle Type, by Country, 2024-2032
    3. Impact Analysis: Market Drivers
    4. Global Vehicle Tracking System Market Share, by Type, 2020 (%)
    5. Global Vehicle Tracking System Market, by Technology, 2024-2032 (USD MILLION)

    Vehicle Tracking System Market Segmentation

    Vehicle Tracking System Type Outlook (USD Billion, 2018-2032)

    • Active System
    • Passive System

    Vehicle Tracking System Technology Outlook (USD Billion, 2018-2032)

    • Global Navigation Satellite System (GLONASS)
    • Global Positioning System (GPS)
    • Connectivity Technology
    • Others

    Vehicle Tracking System Vehicle Type Outlook (USD Billion, 2018-2032)

    • Passenger Car
    • Commercial Car

    Vehicle Tracking System Propulsion Outlook (USD Billion, 2018-2032)

    • ICE
    • Electric Vehicle

    Vehicle Tracking System Application Outlook (USD Billion, 2018-2032)

    • Residential
    • Commercial

    Vehicle Tracking System Regional Outlook (USD Billion, 2018-2032)

    • North America Outlook (USD Billion, 2018-2032)

      • North America Vehicle Tracking System by Type
        • Active System
        • Passive System
      • North America Vehicle Tracking System by Technology
        • Global Navigation Satellite System (GLONASS)
        • Global Positioning System (GPS)
        • Connectivity Technology
        • Others
      • North America Vehicle Tracking System by Vehicle Type
        • Passenger Car
        • Commercial Car
      • North America Vehicle Tracking System by Propulsion
        • ICE
        • Electric Vehicle
      • North America Vehicle Tracking System by Application
        • Residential
        • Commercial

      • US Outlook (USD Billion, 2018-2032)

      • US Vehicle Tracking System by Type
        • Active System
        • Passive System
      • US Vehicle Tracking System by Technology
        • Global Navigation Satellite System (GLONASS)
        • Global Positioning System (GPS)
        • Connectivity Technology
        • Others
      • US Vehicle Tracking System by Vehicle Type
        • Passenger Car
        • Commercial Car
      • US Vehicle Tracking System by Propulsion
        • ICE
        • Electric Vehicle
      • US Vehicle Tracking System by Application
        • Residential
        • Commercial

      • CANADA Outlook (USD Billion, 2018-2032)

      • CANADA Vehicle Tracking System by Type
        • Active System
        • Passive System
      • CANADA Vehicle Tracking System by Technology
        • Global Navigation Satellite System (GLONASS)
        • Global Positioning System (GPS)
        • Connectivity Technology
        • Others
      • CANADA Vehicle Tracking System by Vehicle Type
        • Passenger Car
        • Commercial Car
      • CANADA Vehicle Tracking System by Propulsion
        • ICE
        • Electric Vehicle
      • CANADA Vehicle Tracking System by Application
        • Residential
        • Commercial

    • Europe Outlook (USD Billion, 2018-2032)

      • Europe Vehicle Tracking System by Type
        • Active System
        • Passive System
      • Europe Vehicle Tracking System by Technology
        • Global Navigation Satellite System (GLONASS)
        • Global Positioning System (GPS)
        • Connectivity Technology
        • Others
      • Europe Vehicle Tracking System by Vehicle Type
        • Passenger Car
        • Commercial Car
      • Europe Vehicle Tracking System by Propulsion
        • ICE
        • Electric Vehicle
      • Europe Vehicle Tracking System by Application
        • Residential
        • Commercial

      • Germany Outlook (USD Billion, 2018-2032)

      • Germany Vehicle Tracking System by Type
        • Active System
        • Passive System
      • Germany Vehicle Tracking System by Technology
        • Global Navigation Satellite System (GLONASS)
        • Global Positioning System (GPS)
        • Connectivity Technology
        • Others
      • Germany Vehicle Tracking System by Vehicle Type
        • Passenger Car
        • Commercial Car
      • Germany Vehicle Tracking System by Propulsion
        • ICE
        • Electric Vehicle
      • Germany Vehicle Tracking System by Application
        • Residential
        • Commercial

      • France Outlook (USD Billion, 2018-2032)

      • France Vehicle Tracking System by Type
        • Active System
        • Passive System
      • France Vehicle Tracking System by Vehicle Type
        • Passenger Car
        • Commercial Car
      • France Vehicle Tracking System by Technology
        • Global Navigation Satellite System (GLONASS)
        • Global Positioning System (GPS)
        • Connectivity Technology
        • Others
      • France Vehicle Tracking System by Propulsion
        • ICE
        • Electric Vehicle
      • France Vehicle Tracking System by Application
        • Residential
        • Commercial

      • UK Outlook (USD Billion, 2018-2032)

      • UK Vehicle Tracking System by Type
        • Active System
        • Passive System
      • UK Vehicle Tracking System by Technology
        • Global Navigation Satellite System (GLONASS)
        • Global Positioning System (GPS)
        • Connectivity Technology
        • Others
      • UK Vehicle Tracking System by Vehicle Type
        • Passenger Car
        • Commercial Car
      • UK Vehicle Tracking System by Propulsion
        • ICE
        • Electric Vehicle
      • UK Vehicle Tracking System by Application
        • Residential
        • Commercial

      • ITALY Outlook (USD Billion, 2018-2032)

      • ITALY Vehicle Tracking System by Type
        • Active System
        • Passive System
      • ITALY Vehicle Tracking System by Technology
        • Global Navigation Satellite System (GLONASS)
        • Global Positioning System (GPS)
        • Connectivity Technology
        • Others
      • ITALY Vehicle Tracking System by Vehicle Type
        • Passenger Car
        • Commercial Car
      • ITALY Vehicle Tracking System by Propulsion
        • ICE
        • Electric Vehicle
      • ITALY Vehicle Tracking System by Application
        • Residential
        • Commercial

      • SPAIN Outlook (USD Billion, 2018-2032)

      • Spain Vehicle Tracking System by Type
        • Active System
        • Passive System
      • Spain Vehicle Tracking System by Technology
        • Global Navigation Satellite System (GLONASS)
        • Global Positioning System (GPS)
        • Connectivity Technology
        • Others
      • Spain Vehicle Tracking System by Vehicle Type
        • Passenger Car
        • Commercial Car
      • Spain Vehicle Tracking System by Propulsion
        • ICE
        • Electric Vehicle
      • Spain Vehicle Tracking System by Application
        • Residential
        • Commercial

      • Rest Of Europe Outlook (USD Billion, 2018-2032)

      • Rest Of Europe Vehicle Tracking System by Type
        • Active System
        • Passive System
      • REST OF EUROPE Vehicle Tracking System by Technology
        • Global Navigation Satellite System (GLONASS)
        • Global Positioning System (GPS)
        • Connectivity Technology
        • Others
      • Rest Of Europe Vehicle Tracking System by Vehicle Type
        • Passenger Car
        • Commercial Car
      • Rest Of Europe Vehicle Tracking System by Propulsion
        • ICE
        • Electric Vehicle
      • REST OF EUROPE Vehicle Tracking System by Application
        • Residential
        • Commercial

    • Asia-Pacific Outlook (USD Billion, 2018-2032)

      • Asia-Pacific Vehicle Tracking System by Type
        • Active System
        • Passive System
      • Asia-Pacific Vehicle Tracking System by Technology
        • Global Navigation Satellite System (GLONASS)
        • Global Positioning System (GPS)
        • Connectivity Technology
        • Others
      • Asia-Pacific Vehicle Tracking System by Vehicle Type
        • Passenger Car
        • Commercial Car
      • Asia-Pacific Vehicle Tracking System by Propulsion
        • ICE
        • Electric Vehicle
      • Asia-Pacific Vehicle Tracking System by Application
        • Residential
        • Commercial

      • China Outlook (USD Billion, 2018-2032)

      • China Vehicle Tracking System by Type
        • Active System
        • Passive System
      • China Vehicle Tracking System by Technology
        • Global Navigation Satellite System (GLONASS)
        • Global Positioning System (GPS)
        • Connectivity Technology
        • Others
      • China Vehicle Tracking System by Vehicle Type
        • Passenger Car
        • Commercial Car
      • China Vehicle Tracking System by Propulsion
        • ICE
        • Electric Vehicle
      • China Vehicle Tracking System by Application
        • Residential
        • Commercial

      • Japan Outlook (USD Billion, 2018-2032)

      • Japan Vehicle Tracking System by Type
        • Active System
        • Passive System
      • Japan Vehicle Tracking System by Vehicle Type
        • Passenger Car
        • Commercial Car
      • Japan Vehicle Tracking System by Technology
        • Global Navigation Satellite System (GLONASS)
        • Global Positioning System (GPS)
        • Connectivity Technology
        • Others
      • Japan Vehicle Tracking System by Propulsion
        • ICE
        • Electric Vehicle
      • Japan Vehicle Tracking System by Application
        • Residential
        • Commercial

      • India Outlook (USD Billion, 2018-2032)

      • India Vehicle Tracking System by Type
        • Active System
        • Passive System
      • India Vehicle Tracking System by Technology
        • Global Navigation Satellite System (GLONASS)
        • Global Positioning System (GPS)
        • Connectivity Technology
        • Others
      • India Vehicle Tracking System by Vehicle Type
        • Passenger Car
        • Commercial Car
      • India Vehicle Tracking System by Propulsion
        • ICE
        • Electric Vehicle
      • India Vehicle Tracking System by Application
        • Residential
        • Commercial

      • Australia Outlook (USD Billion, 2018-2032)

      • Australia Vehicle Tracking System by Type
        • Active System
        • Passive System
      • Australia Vehicle Tracking System by Vehicle Type
        • Passenger Car
        • Commercial Car
      • Australia Vehicle Tracking System by Technology
        • Global Navigation Satellite System (GLONASS)
        • Global Positioning System (GPS)
        • Connectivity Technology
        • Others
      • Australia Vehicle Tracking System by Propulsion
        • ICE
        • Electric Vehicle
      • Australia Vehicle Tracking System by Application
        • Residential
        • Commercial

      • Rest of Asia-Pacific Outlook (USD Billion, 2018-2032)

      • Rest of Asia-Pacific Vehicle Tracking System by Type
        • Active System
        • Passive System
      • Rest of Asia-Pacific Vehicle Tracking System by Vehicle Type
        • Passenger Car
        • Commercial Car
      • Rest of Asia-Pacific Vehicle Tracking System by Technology
        • Global Navigation Satellite System (GLONASS)
        • Global Positioning System (GPS)
        • Connectivity Technology
        • Others
      • Rest of Asia-Pacific Vehicle Tracking System by Propulsion
        • ICE
        • Electric Vehicle
      • Rest of Asia-Pacific Vehicle Tracking System by Application
        • Residential
        • Commercial

    • Rest of the World Outlook (USD Billion, 2018-2032)

      • Rest of the World Vehicle Tracking System by Type
        • Active System
        • Passive System
      • Rest of the World Vehicle Tracking System by Vehicle Type
        • Passenger Car
        • Commercial Car
      • Rest of the World Vehicle Tracking System by Technology
        • Global Navigation Satellite System (GLONASS)
        • Global Positioning System (GPS)
        • Connectivity Technology
        • Others
      • Rest of the World Vehicle Tracking System by Propulsion
        • ICE
        • Electric Vehicle
      • Rest of the World Vehicle Tracking System by Application
        • Residential
        • Commercial

      • Middle East Outlook (USD Billion, 2018-2032)

      • Middle East Vehicle Tracking System by Type
        • Active System
        • Passive System
      • Middle East Vehicle Tracking System by Technology
        • Global Navigation Satellite System (GLONASS)
        • Global Positioning System (GPS)
        • Connectivity Technology
        • Others
      • Middle East Vehicle Tracking System by Vehicle Type
        • Passenger Car
        • Commercial Car
      • Middle East Vehicle Tracking System by Propulsion
        • ICE
        • Electric Vehicle
      • Middle East Vehicle Tracking System by Application
        • Residential
        • Commercial

      • Africa Outlook (USD Billion, 2018-2032)

      • Africa Vehicle Tracking System by Type
        • Active System
        • Passive System
      • Africa Vehicle Tracking System by Technology
        • Global Navigation Satellite System (GLONASS)
        • Global Positioning System (GPS)
        • Connectivity Technology
        • Others
      • Africa Vehicle Tracking System by Vehicle Type
        • Passenger Car
        • Commercial Car
      • Africa Vehicle Tracking System by Propulsion
        • ICE
        • Electric Vehicle
      • Africa Vehicle Tracking System by Application
        • Residential
        • Commercial

      • Latin America Outlook (USD Billion, 2018-2032)

      • Latin America Vehicle Tracking System by Type
        • Active System
        • Passive System
      • Latin America Vehicle Tracking System by Technology
        • Global Navigation Satellite System (GLONASS)
        • Global Positioning System (GPS)
        • Connectivity Technology
        • Others
      • Latin America Vehicle Tracking System by Vehicle Type
        • Passenger Car
        • Commercial Car
      • Latin America Vehicle Tracking System by Propulsion
        • ICE
        • Electric Vehicle
      • Latin America Vehicle Tracking System by Application
        • Residential
        • Commercial
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