PUBLISHER: BIS Research | PRODUCT CODE: 1565179
PUBLISHER: BIS Research | PRODUCT CODE: 1565179
Tracking Devices Market for Commercial Vehicle Fleet Management - A Global and Regional Analysis: Focus on Application, and Country-Wise Analysis - Analysis and Forecast, 2024-2032
Tracking Devices Market for Commercial Vehicle Fleet Management Overview
The global tracking device market for commercial vehicle fleet management is projected to reach $6.92 billion by 2032 from $3.49 billion in 2023, growing at a CAGR of 7.59% during the forecast period 2024-2032.
The global tracking device market for commercial vehicle fleet management is experiencing significant growth due to several key factors. Firstly, the increasing demand for real-time tracking and monitoring of vehicles has become essential for optimizing fleet operations, improving efficiency, and reducing operational costs. Companies are now prioritizing the need for accurate data on vehicle location, driver behavior, and fuel consumption to enhance overall productivity and ensure compliance with regulations. Additionally, advancements in GPS and telematics technology have made tracking devices more affordable and reliable, leading to widespread adoption across various industries, such as logistics, transportation, and delivery services. The rise of e-commerce and the subsequent need for efficient last-mile delivery solutions have further propelled the market as businesses strive to meet customer expectations for timely and transparent deliveries. Moreover, the integration of tracking devices with IoT and AI technologies is providing fleet managers with advanced analytics and predictive maintenance capabilities, minimizing downtime and enhancing vehicle lifespan. As sustainability becomes a critical focus, tracking devices also contribute to eco-friendly initiatives by optimizing routes and reducing carbon emissions. Overall, the convergence of technological advancements, regulatory requirements, and operational efficiency drives the robust growth of the tracking device market in fleet management globally.
| KEY MARKET STATISTICS | |
|---|---|
| Forecast Period | 2024 - 2032 |
| 2024 Evaluation | $3.86 Billion |
| 2032 Forecast | $6.92 Billion |
| CAGR | 7.59% |
Market Segmentation:
Segmentation 1: by Application
- Food and Beverage
- Grocery
- Agriculture
- Construction
- Transportation
- Logistics
- Pharmaceutical
- Retail
- Mining
- Automotive
- Manufacturing
- Post and Parcel
- Petrochemical
- Waste Management
- Urban/Public Transport
- Defense
- Utilities
- Others
Segmentation 2: by Region
- North America
- Europe
- Asia-Pacific
- Middle East
- Africa
- Latin America
Demand - Drivers and Challenges
The following are the demand drivers for the global tracking devices market for commercial vehicle fleet management industry:
- Operational Efficiency
- Safety and Compliance
- Theft Prevention and Asset Recovery
- Regulatory Pressure
The market is expected to face some limitations as well due to the following challenges:
- Data Security and Privacy Concerns
- Integration Complexity
Key Market Players and Competition Synopsis
The companies that are profiled in the tracking device market for commercial vehicle fleet management have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.
Some of the prominent names in this market are:
- Verizon Connect
- BlackBerry Limited
- Automile
- Digital Matter
Key Questions Answered in this Report:
- What is the estimated global market size for tracking devices market for commercial vehicle fleet management?
- Who are the primary players in the global tracking devices market for commercial vehicle fleet management industry?
- What are the different tracking devices products for fleet management?
- Which geographical area holds the largest market share in the global tracking devices market for commercial vehicle fleet management industry?
- What are the primary factors driving growth in the global tracking devices market for commercial vehicle fleet management industry?
Table of Contents
Executive Summary
Scope and Definition
1 Markets
- 1.1 Key Findings
- 1.2 Regulatory Landscape
- 1.3 Trends: Current and Future Impact Analysis
- 1.3.1 Integrating Internet of Things (IoT) Sensors for Cargo Monitoring
- 1.3.2 Integration of Advanced Sensor Technologies
2 Regions
- 2.1 Regional Summary
- 2.2 North America
- 2.2.1 U.S.
- 2.2.2 Canada
- 2.2.3 Mexico
- 2.3 Europe
- 2.3.1 U.K.
- 2.3.2 France
- 2.3.3 Ireland
- 2.3.4 Spain
- 2.3.5 Italy
- 2.3.6 Scandinavia
- 2.3.7 Benelux
- 2.3.8 Poland
- 2.3.9 DACH
- 2.3.10 Portugal
- 2.3.11 Rest-of-Europe
- 2.4 Asia-Pacific
- 2.4.1 China
- 2.4.2 Australia
- 2.4.3 India
- 2.4.4 New Zealand
- 2.4.5 Rest-of-Asia-Pacific
- 2.5 Middle East
- 2.6 Africa
- 2.7 Latin America
- 2.7.1 Brazil
- 2.7.2 Argentina
- 2.7.3 Rest-of-Latin America
3 Markets - Competitive Benchmarking & Company Profiles
- 3.1 Key Strategies and Developments
- 3.2 Company Profiles
- 3.2.1 Verizon Connect
- 3.2.1.1 Overview
- 3.2.1.2 Key Developments
- 3.2.1.3 Top Products/Product Portfolio
- 3.2.1.4 Geographical Presence
- 3.2.1.5 Business and Operating Model Analysis
- 3.2.1.6 Company Financials
- 3.2.1.7 Analyst View
- 3.2.2 BlackBerry Limited
- 3.2.2.1 Overview
- 3.2.2.2 Key Developments
- 3.2.2.3 Top Products/Product Portfolio
- 3.2.2.4 Geographical Presence
- 3.2.2.5 Business and Operating Model Analysis
- 3.2.2.6 Company Financials
- 3.2.2.7 Analyst View
- 3.2.3 Automile
- 3.2.3.1 Overview
- 3.2.3.2 Top Products/Product Portfolio
- 3.2.3.3 Geographical Presence
- 3.2.3.4 Business and Operating Model Analysis
- 3.2.3.5 Company Financials
- 3.2.3.6 Analyst View
- 3.2.4 Digital Matter
- 3.2.4.1 Overview
- 3.2.4.2 Key Developments
- 3.2.4.3 Top Products/Product Portfolio
- 3.2.4.4 Geographical Presence
- 3.2.4.5 Business and Operating Model Analysis
- 3.2.4.6 Company Financials
- 3.2.4.7 Analyst View
- 3.2.5 EROAD Inc.
- 3.2.5.1 Overview
- 3.2.5.2 Key Developments
- 3.2.5.3 Top Products/Product Portfolio
- 3.2.5.4 Geographical Presence
- 3.2.5.5 Business and Operating Model Analysis
- 3.2.5.6 Company Financials
- 3.2.5.7 Analyst View
- 3.2.6 Momentum IOT, Inc.
- 3.2.6.1 Overview
- 3.2.6.2 Key Developments
- 3.2.6.3 Top Products/Product Portfolio
- 3.2.6.4 Geographical Presence
- 3.2.6.5 Business and Operating Model Analysis
- 3.2.6.6 Company Financials
- 3.2.6.7 Analyst View
- 3.2.7 ClearPathGPS, Inc.
- 3.2.7.1 Overview
- 3.2.7.2 Key Developments
- 3.2.7.3 Top Products/Product Portfolio
- 3.2.7.4 Geographical Presence
- 3.2.7.5 Business and Operating Model Analysis
- 3.2.7.6 Company Financials
- 3.2.7.7 Analyst View
- 3.2.8 M2M in Motion
- 3.2.8.1 Overview
- 3.2.8.2 Key Developments
- 3.2.8.3 Top Products/Product Portfolio
- 3.2.8.4 Geographical Presence
- 3.2.8.5 Business and Operating Model Analysis
- 3.2.8.6 Company Financials
- 3.2.8.7 Analyst View
- 3.2.9 Geotab Inc.
- 3.2.9.1 Overview
- 3.2.9.2 Key Developments
- 3.2.9.3 Top Products/Product Portfolio
- 3.2.9.4 Geographical Presence
- 3.2.9.5 Business and Operating Model Analysis
- 3.2.9.6 Company Financials
- 3.2.9.7 Analyst View
- 3.2.10 Linxup
- 3.2.10.1 Overview
- 3.2.10.2 Key Developments
- 3.2.10.3 Top Products/Product Portfolio
- 3.2.10.4 Geographical Presence
- 3.2.10.5 Business and Operating Model Analysis
- 3.2.10.6 Company Financials
- 3.2.10.7 Analyst View
- 3.2.11 Azuga, a Bridgestone Company
- 3.2.11.1 Overview
- 3.2.11.2 Key Developments
- 3.2.11.3 Top Products/Product Portfolio
- 3.2.11.4 Geographical Presence
- 3.2.11.5 Business and Operating Model Analysis
- 3.2.11.6 Company Financials
- 3.2.11.7 Analyst View
- 3.2.12 Rastrac
- 3.2.12.1 Overview
- 3.2.12.2 Key Developments
- 3.2.12.3 Top Products/Product Portfolio
- 3.2.12.4 Geographical Presence
- 3.2.12.5 Business and Operating Model Analysis
- 3.2.12.6 Company Financials
- 3.2.12.7 Analyst View
- 3.2.13 ORBCOMM
- 3.2.13.1 Overview
- 3.2.13.2 Key Developments
- 3.2.13.3 Top Products/Product Portfolio
- 3.2.13.4 Geographical Presence
- 3.2.13.5 Business and Operating Model Analysis
- 3.2.13.6 Analyst View
- 3.2.1 Verizon Connect
4 Research Methodology
- 4.1 Data Sources
- 4.1.1 Primary Data Sources
- 4.1.2 Secondary Data Sources
- 4.1.3 Data Triangulation
- 4.2 Market Estimation and Forecast
List of Figures
- Figure 1: Vehicle Theft in U.S., 2019-2023
- Figure 2: Global Tracking Devices Market for Commercial Vehicle Fleet Management, 2023-2032
- Figure 3: Market Dynamics for Global Tracking Devices Market for Commercial Vehicle Fleet Management
- Figure 4: Global Tracking Devices Market for Commercial Vehicle Fleet Management (by Industry), $Million, 2023
- Figure 5: Global Tracking Devices Market for Commercial Vehicle Fleet Management (by Region), 2023 and 2032
- Figure 6: Global Tracking Devices Market for Commercial Vehicle Fleet Management (by Region), 2023 and 2032
- Figure 7: Scenarios for the Next Decade
- Figure 8: Data Triangulation
- Figure 9: Top-Down and Bottom-Up Approach
- Figure 10: Assumptions and Limitations
List of Tables
- Table 1: Tracking Devices Market for Commercial Vehicle Fleet Management (by Region), $Million, 2023-2032
- Table 2: Tracking Devices Market for Commercial Vehicle Fleet Management (by Region), Thousand Units, 2023-2032
- Table 3: North America Tracking Devices Market for Commercial Vehicle Fleet Management (by Country), $Million, 2023-2032
- Table 4: North America Tracking Devices Market for Commercial Vehicle Fleet Management (by Country), Thousand Units, 2023-2032
- Table 5: U.S. Tracking Devices Market for Commercial Vehicle Fleet Management (by Application), $Million, 2023-2032
- Table 6: Canada Tracking Devices Market for Commercial Vehicle Fleet Management (by Application), $Million, 2023-2032
- Table 7: Mexico Tracking Devices Market for Commercial Vehicle Fleet Management (by Application), $Million, 2023-2032
- Table 8: Europe Tracking Devices Market for Commercial Vehicle Fleet Management (by Country), $Million, 2023-2032
- Table 9: Europe Tracking Devices Market for Commercial Vehicle Fleet Management (by Country), Thousand Units, 2023-2032
- Table 10: U.K. Tracking Devices Market for Commercial Vehicle Fleet Management (by Application), $Million, 2023-2032
- Table 11: France Tracking Devices Market for Commercial Vehicle Fleet Management (by Application), $Million, 2023-2032
- Table 12: Ireland Tracking Devices Market for Commercial Vehicle Fleet Management (by Application), $Million, 2023-2032
- Table 13: Spain Tracking Devices Market for Commercial Vehicle Fleet Management (by Application), $Million, 2023-2032
- Table 14: Italy Tracking Devices Market for Commercial Vehicle Fleet Management (by Application), $Million, 2023-2032
- Table 15: Scandinavia Tracking Devices Market for Commercial Vehicle Fleet Management (by Application), $Million, 2023-2032
- Table 16: Benelux Tracking Devices Market for Commercial Vehicle Fleet Management (by Application), $Million, 2023-2032
- Table 17: Poland Tracking Devices Market for Commercial Vehicle Fleet Management (by Application), $Million, 2023-2032
- Table 18: DACH Tracking Devices Market for Commercial Vehicle Fleet Management (by Application), $Million, 2023-2032
- Table 19: Portugal Tracking Devices Market for Commercial Vehicle Fleet Management (by Application), $Million, 2023-2032
- Table 20: Rest-of-Europe Tracking Devices Market for Commercial Vehicle Fleet Management (by Application), $Million, 2023-2032
- Table 21: Asia-Pacific Tracking Devices Market for Commercial Vehicle Fleet Management (by Country), $Million, 2024-2032
- Table 22: Asia-Pacific Tracking Devices Market for Commercial Vehicle Fleet Management (by Country), Thousand Units, 2023-2032
- Table 23: China Tracking Devices Market for Commercial Vehicle Fleet Management (by Application), $Million, 2023-2032
- Table 24: Australia Tracking Devices Market for Commercial Vehicle Fleet Management (by Application), $Million, 2023-2032
- Table 25: India Tracking Devices Market for Commercial Vehicle Fleet Management (by Application), $Million, 2023-2032
- Table 26: New Zealand Tracking Devices Market for Commercial Vehicle Fleet Management (by Application), $Million, 2023-2032
- Table 27: Rest-of-Asia-Pacific Tracking Devices Market for Commercial Vehicle Fleet Management (by Application), $Million, 2023-2032
- Table 28: Middle East Tracking Devices Market for Commercial Vehicle Fleet Management (by Application), $Million, 2023-2032
- Table 29: Africa Tracking Devices Market for Commercial Vehicle Fleet Management (by Application), $Million, 2023-2032
- Table 30: Latin America Tracking Devices Market for Commercial Vehicle Fleet Management (by Country), $Million, 2024-2032
- Table 31: Latin America Tracking Devices Market for Commercial Vehicle Fleet Management (by Country), Thousand Units, 2024-2032
- Table 32: Brazil Tracking Devices Market for Commercial Vehicle Fleet Management (by Application), $Million, 2023-2032
- Table 33: Argentina Tracking Devices Market for Commercial Vehicle Fleet Management (by Application), $Million, 2023-2032
- Table 34: Rest-of-Latin America Tracking Devices Market for Commercial Vehicle Fleet Management (by Application), $Million, 2023-2032
- Table 35: Key Initiatives, 2021-2024
