Vehicle Tracking Device Market Size - By Component (Hardware, Software), Tracker Type (Wired, Wireless), Vehicle (Passenger Vehicles, Commercial Vehicles [High-Duty, Medium-Duty, Light-Duty]), Communication, Application & Global Forecast, 2023

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List of Tables

Vehicle Tracking Device Market size is projected to exhibit over 15% CAGR from 2023 to 2032 driven by the growing emphasis on supply chain visibility as well as efficiency in logistics operations. The increasing focus on optimizing logistics and enabling real-time tracking of in transit goods is surging the demand for vehicle tracking across businesses. Additionally, the burgeoning need to ensure transparency, reduce risks, and improve the overall supply chain visibility is contributing to the growing acceptance of vehicle tracking devices.

Furthermore, the continuous innovations in tracking device hardware, such as GPS modules and sensors, for providing enhanced performance, reliability, and functionality is expected to augment the industry outlook. For instance, in August 2023, MapmyIndia introduced a new range of Mappls Gadgets for cars and two-wheelers, comprising advanced vehicle GPS trackers, dash cams, in-dash navigation systems, and Smart Helmet kits.

The vehicle tracking device industry is segmented into component, tracker type, vehicle, communication tracker, application, and region.

Based on component, the market share from the hardware segment is projected to gain significant traction from 2023 to 2032 due to increasing number of businesses across various industries prioritizing fleet management and vehicle security. Innovations, such as ruggedized and compact devices, extended battery life, and integration capabilities to cater to diverse industry needs, including transportation, logistics, and asset tracking will also fuel the segment growth.

In terms of application, the vehicle tracking device industry from the transportation & logistics segment will foresee considerable growth during 2023-2032. Vehicle tracking devices provide real-time tracking, route optimization, and maintenance schedules leading to enhanced operational efficiency and cost savings. With the increasing emphasis on supply chain visibility, regulatory compliance, and customer satisfaction in the transportation and logistics industry, the adoption of vehicle tracking devices is rising. Additionally, the ability of tracking technologies to streamline processes and improve the overall fleet performance will further contribute to the segment expansion.

Asia Pacific vehicle tracking device industry is estimated to exhibit robust growth through 2032. With the surge in fleet management adoption and the increasing concerns about road safety, businesses and transportation sectors across the region are embracing vehicle tracking devices.

There have also been significant government initiatives to improve transportation infrastructure and regulations for promoting vehicle safety. Moreover, the ongoing innovations and product launches by several market players for catering to the evolving end-user and consumer needs will propel the industry outlook. For instance, in November 2023, Reliance Jio introduced JioMotive, its latest smart device for older cars and even some new entry-level vehicles to offer a variety of smart capabilities, such as vehicle tracking and diagnostics.

Product Code: 193

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Vehicle tracking device market 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Regional trends
2.4 Component trends
2.5 Tracker trends
2.6 Vehicle trends
2.7 Communication technology trends
2.8 Application trends

Chapter 3 Vehicle Tracking Device Industry Insights

3.1 Impact of COVID-19
3.2 Impact of the Russia-Ukraine war
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Tracker & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
- 3.8.1 Partnership/Collaboration
- 3.8.2 Merger/Acquisition
- 3.8.3 Investment
- 3.8.4 Level of autonomy launch & innovation
3.9 Regulatory landscape
3.10 Impact forces
- 3.10.1 Growth drivers
  - 3.10.1.1 Rising concerns over vehicle safety
  - 3.10.1.2 The increased number of vehicle thefts
  - 3.10.1.3 The integration of AI-based accident detection
  - 3.10.1.4 Rising need for fleet management
- 3.10.2 Industry pitfalls & challenges
  - 3.10.2.1 Privacy concerns
  - 3.10.2.2 High initial cost
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
- 4.3.1 AT&T Intellectual Property
- 4.3.2 Continental AG
- 4.3.3 Geotab Inc
- 4.3.4 Robert Bosch GmbH
- 4.3.5 Sierra Wireless
- 4.3.6 TELTONIKA
- 4.3.7 TomTom International BV
- 4.3.8 Verizon
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022

Chapter 5 Vehicle Tracking Device Market Estimates & Forecast, By Component (Revenue)

5.1 Key trends, by component
5.2 Hardware
5.3 Software

Chapter 6 Vehicle Tracking Device Market Estimates & Forecast, By Tracker (Revenue)

6.1 Key trends, by tracker
6.2 Wired
6.3 Wireless

Chapter 7 Vehicle Tracking Device Market Estimates & Forecast, By Vehicle (Revenue)

7.1 Key trends, by vehicle
7.2 Passenger vehicles
- 7.2.1 Sedan
- 7.2.2 SUV
- 7.2.3 Hatchback
- 7.2.4 Others
7.3 Commercial vehicles
- 7.3.1 High-duty
- 7.3.2 Medium-duty
- 7.3.3 Light-duty

Chapter 8 Vehicle Tracking Device Market Estimates & Forecast, By Communication Technology (Revenue)

8.1 Key trends, by communication technology
8.2 Cellular Networks
8.3 Satellite
8.4 Dual mode

Chapter 9 Vehicle Tracking Device Market Estimates & Forecast, By Application (Revenue)

9.1 Key trends, by application
9.2 Transportation & logistics
9.3 Construction
9.4 Oil & Gas
9.5 Mining
9.6 Emergency services
9.7 Others

Chapter 10 Vehicle Tracking Device Market Estimates & Forecast, By Region (Revenue)

10.1 Key trends, by region
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 U.K.
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Russia
- 10.3.6 Spain
- 10.3.7 Netherlands
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 ANZ
- 10.4.6 Southeast Asia
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Argentina
10.6 MEA
- 10.6.1 UAE
- 10.6.2 South Africa
- 10.6.3 Saudi Arabia

Chapter 11 Company Profiles

11.1 AT&T Inc
11.2 ATrack Technology Inc.
11.3 CalAmp Corporation
11.4 Cartrack (Pty) ltf
11.5 Concox information Technology Co. Ltd.
11.6 Continental AG
11.7 Garmin Ltd.
11.8 Geotab Inc.
11.9 INSEEGO CORP
11.10 Laipac Technology, Inc.
11.11 Laird PLC
11.12 Maestro Wireless Solutions Limited
11.13 Meitrack Group
11.14 ORBCOMM Inc.
11.15 Queclink Wireless Solutions Co., Ltd.
11.16 Sierra Wireless, Inc.
11.17 Spy Tec International
11.18 Starcom Systems Ltd.
11.19 Suntech International Ltd.
11.20 TELETRAC NAVMAN US LTD
11.21 Teltonika
11.22 TomTom International B.V.
11.23 Trackimo Inc
11.24 Vamosys
11.25 Verizon Communications, Inc.