The Business Research Company’s report goes into great detail on the vehicle tracking systems market size and growth, vehicle tracking systems market regional analysis, vehicle tracking systems market competitive landscape, and other critical information needed to excel in the vehicle tracking systems industry.

Major players in the vehicle tracking systems market include Verizon Connect, Spireon, Geotab, TomTom, Teletrac Navman, Cartrack, CalAmp, Teltonika, Orbcomm, Xirgo Global, Laipac, Trackimo, AirIQ, Fleetmatics, Mix Telematics, Trimble, Actsoft, Ctrack, and Masternaut.

TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.

The global vehicle tracking system market size is expected to grow from $14.24 billion in 2021 to $17.24 billion in 2022 at a compound annual growth rate (CAGR) of 21.1%. The global vehicle tracking market size is expected to grow to $33.14 billion in 2026 at a CAGR of 17.7%.

North America was the largest region in the global vehicle tracking system market in 2021.

The vehicle tracking system market consists of sales of vehicle tracking systems by entities (organizations, sole traders, and, partnerships) that provide vehicles with real-time location tracking and regular monitoring. A vehicle tracking system is a system that enables the tracking and control of automobiles via an online computer, smartphone, tablet, or other devices, owing to GPS satellites. Vehicle tracking systems include a register and checkpoint with previous and current information, as well as real-time and historical tracking of vehicle speeds, routes taken, stopping points, and idling durations on maps.

The growing demand for car rental and leasing services is expected to drive the growth of the vehicle tracking systems market going forward.

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The introduction of 5G technology in the vehicle tracking system is shaping the vehicle tracking systems market. 5G technology offers great opportunities for in-vehicle connectivity and monitoring processes by providing faster data transfer and enhancing vehicle communication. Companies in the market are investing in developing GPS tracking solutions coupled with 5G technology.

TBRC’s Global Vehicle Tracking Systems Market Report Is Segmented:
By Type: Active, Passive

By Vehicle: Commercial Vehicles, Passenger Vehicles

By Application: Mobile Tracking, Cellular Tracking, Satellite Tracking

By Industry Vertical: Transportation and Logistics, Construction and Manufacturing, Aviation, Retail, Government, Others

By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

The Vehicle Tracking Systems Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the vehicle tracking systems market globally and regionally, analyzes and forecasts market size, share, vehicle tracking systems market players, vehicle tracking systems market segments, leading competitor revenues, profiles and market shares.

Here Is A List Of Similar Reports From The Business Research Company:

Vehicle-To-Vehicle (V2V) Communication Global Market Report 2022

Driver Monitoring Systems Global Market Report 2022

GPS Equipment Global Market Report 2022

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