Global Vehicle Tracking Systems Market Size, Trends & Growth Opportunity, By Type (Active, and Passive), By Vehicle Type (Commercial Vehicles, and Passenger Vehicle), By Application (Mobile Tracking, Cellular Tracking, and Satellite Tracking), By Region and Forecast till 2027
Global Vehicle Tracking Systems Market 
Global Vehicle Tracking Systems Market was valued at USD 21.54 billion in 2022 and is slated to reach at USD 56.88 billion by 2027 at a CAGR of 11.9% from 2022-2027.
Vehicle tracking system is utilized to acquire data about the real-time location of vehicles, using either a cellular network or GPS technology. This system comprises a positioning device, software, and sometimes a view capturing device. This system is also known as GPS tracking. 
Market Drivers
Rise in digitalization of vehicles and expanding global transportation and logistics industry is the key driving factor which is expected to boost the global vehicle tracking systems market growth. Furthermore, these systems also helpful to increase cost savings and enhance customer experience will positively contribute the market growth. Moreover, increase in adoption of intelligent transport systems will drive the market growth during this forecast period. In addition to that, rise in fleet operations especially in emerging markets is expected to propel the market growth. Also, expansion of the global passenger transportation industry will increase the demand for vehicle tracking systems in near future.
Market Restraints
However, increase in adoption of smartphones is the major restraining factor which is expected to hinder the global vehicle tracking systems market growth. Smartphones have inbuilt GPS positioning and navigation system which can be used as an alternative option to vehicle tracking system.
Impact of COVID-19
Due to the commute limits, COVID-19 had a detrimental effect on the market for vehicle monitoring systems worldwide. Regulatory and legislative changes, working capital management, supply chain execution, and reliance on labour were just a few of the difficulties the market was facing. Organizations did, however, prepare strategic cost-cutting plans to control the pandemic's effects. In order to manage and accommodate the ongoing supply of necessities in the post-pandemic scenario, there is an increasing demand for vehicle tracking hardware and managing software.
Recent developments
Acculink Cargo, a managed IoT solution that businesses can use to track the whereabouts of valuable and sensitive items, will be available in April 2021, according to Sierra Wireless.
The launch of an asset management system for heavy machinery, containers, and transportation was announced by ORBCOMM Inc. in December 2021. A global LTE telematics device called the GT 1030 was used to allow this new asset management solution.
Market Segmentation
Global Vehicle Tracking Systems Market is segmented into type such as Active, and Passive, by vehicle type such as Commercial Vehicles, and Passenger Vehicle. Further, market is segmented into application such as Mobile Tracking, Cellular Tracking, and Satellite Tracking. Regional Analysis
Also, Global Vehicle Tracking Systems Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as AT&T Inc., Teletrac Navman US Ltd., TomTom, Inc., Inseego Corp., Geotab Inc., Spireon, Inc., Verizon Communications Inc., Robert Bosch GmbH, Continental AG, and Cartrack Holdings Limited
Market Taxonomy
By Type
• Active
• Passive
By Vehicle Type
• Commercial Vehicles
• Passenger Vehicle
By Application
• Mobile Tracking
• Cellular Tracking
• Satellite Tracking
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Vehicle Tracking Systems Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?

"Global Vehicle Tracking Systems Market 
1 Introduction 
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Vehicle Tracking Systems Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5  Global Vehicle Tracking Systems Market, By Type
5.1 Y-o-Y Growth Comparison, By Type 
5.2 Global Vehicle Tracking Systems Market Share Analysis, By Type 
5.3 Global Vehicle Tracking Systems Market Size and Forecast, By Type
5.3.1 Active
5.3.2. Passive
6  Global Vehicle Tracking Systems Market , By Vehicle Type
6.1 Y-o-Y Growth Comparison, By Vehicle Type
6.2 Global Vehicle Tracking Systems Market Share Analysis, By Vehicle Type
6.3 Global Vehicle Tracking Systems Market Size and Forecast, By Vehicle Type
6.3.1 Commercial Vehicle
6.3.2 Passenger Vehicle
7  Global Vehicle Tracking Systems Market, Application
7.1 Y-o-Y Growth Comparison, Application
7.2 Global Vehicle Tracking Systems Market Share Analysis, Application
7.3 Global Vehicle Tracking Systems Market Size and Forecast, Application
7.3. 1 Mobile Tracking
7.3.2 Cellular Tracking
7.3.3. Satellite Tracking
8Global Vehicle Tracking Systems Market, By Region
8.1 Global Vehicle Tracking Systems Market Share Analysis, By Region
8.2 Global Vehicle Tracking Systems Market Share Analysis, By Region
8.3 Global Vehicle Tracking Systems Market Size and Forecast, By Region
9 North America Vehicle Tracking Systems Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 North America Vehicle Tracking Systems Market Share Analysis, By Type
9.3 North America Vehicle Tracking Systems Market Size and Forecast, By Vehicle Type
9.4 North America Vehicle Tracking Systems Market Size and Forecast, Application
9.5 North America Vehicle Tracking Systems Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10EuropeVehicle Tracking Systems Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Europe Vehicle Tracking Systems Market Share Analysis, By Type 
10.3 Europe Vehicle Tracking Systems Market Size and Forecast, By Vehicle Type 
10.4 Europe Vehicle Tracking Systems Market Size and Forecast, Application
10.5 Europe Vehicle Tracking Systems Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11Asia Pacific Vehicle Tracking Systems Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Asia Pacific Vehicle Tracking Systems Market Share Analysis, By Type 
11.3 Asia Pacific Vehicle Tracking Systems Market Size and Forecast, By Vehicle Type 
11.4 Asia Pacific Vehicle Tracking Systems Market Size and Forecast, Application
11.5 Asia Pacific Vehicle Tracking Systems Market Size and Forecast, By Country
11.5.1 China 
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12Latin America Vehicle Tracking Systems Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Latin America Vehicle Tracking Systems Market Share Analysis, By Type 
12.3 Latin America Vehicle Tracking Systems Market Size and Forecast, By Vehicle Type 
12.4 Latin America Vehicle Tracking Systems Market Size and Forecast, Application
12.5 Latin America Vehicle Tracking Systems Market Size and Forecast, Country
13Middle East Vehicle Tracking Systems Market Analysis and Forecast (2022 – 2027)
13.1 Introduction
 13.2 Middle East Vehicle Tracking Systems Market Share Analysis, By Type 
13.3 Middle East Vehicle Tracking Systems Market Size and Forecast, By Vehicle Type 
13.4 Middle East Vehicle Tracking Systems Market Size and Forecast, Application
13.5 Middle East Vehicle Tracking Systems Market Size and Forecast, By Country
14Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15Company Profiles
15.1 AT&T Inc.
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Teletrac Navman US Ltd
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 TomTom, Inc
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Inseego Corp 
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Geotab Inc
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Spireon, Inc
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Verizon Communications Inc
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies 
15.8 Robert Bosch GmbH
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Continental AG 
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Cartrack Holdings Limited
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies

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