Sep 9, 2019   SOURCE: PR NewsWire

Vehicle Tracking Systems Market, 2025 - Winning New Customer Segments from Diverse Industry Verticals

DUBLIN, Sept. 9, 2019 /PRNewswire/ -- The "Vehicle Tracking Systems Market by Type, Vehicle Type, Application, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering.

https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

The vehicle tracking systems market accounted for $3,795.0 million in 2017, and is expected to reach $14,957.5 million by 2025, growing at a CAGR of 19.9% from 2018 to 2025. In 2017, Asia-Pacific dominated the global market, in terms of revenue, accounting for about 30.9% share of the global market, followed by Europe.

Vehicle tracking systems are used for checking and controlling the vehicle development utilizing GPS, mobiles, PCs, equipment interface, and other devices. This study includes the sales created from the offers of the total arrangement which envelops the equipment, software, and other subscription charges related with the tracking and information detailing innovation. This arrangement includes technologies such as GPS, GSM/GPRS, computerized maps, programming, and others

Upsurge in adoption of smart transport solution is the prime driving factor of the global vehicle tracking systems market. Another factor which boosts the sales of vehicle tracking systems industry is the well-being and security concern for public transportation. Furthermore, rise in fleet activities particularly in developing markets is expected to drive the market growth during the forecast period.

However, rise in market shifts due to huge availability of choices restrains the growth of the global market. Conversely, players in the market are expected to create new opportunities by providing customized services to new client sections from various industry verticals. Moreover, the market is expected to show significant growth in the near future, owing to incorporation of 5G into connected vehicles.

The active segment is expected to be the most lucrative segment during the forecast period, due to rise in preference for real-time data monitoring and reporting, which indirectly shows the future of mobility solutions. The passenger vehicles segment is expected to dominate during the forecast period, due to increase in number of fleet operators, especially in emerging markets.

These fleet operators strive to provide consumer experience in suburban communities at different price points. Cellular tracking is the largest contributor to this segment as compared to other options, owing to the fact that cellular tracking serves as the most economic and widest option for connectivity. The segment transportation & logistics holds the largest market share, owing to vast adoption of vehicle connectivity in the fleet, sales, and distribution industries.

In 2017, Asia-Pacific garnered the highest share, and is expected to continue this trend during the forecast period in the vehicle tracking systems market growth, due to the rapid rise in GDP and high sales of automotive. The Europe vehicle tracking systems market is expected to continue to grow, due to technological developments in the automotive industry.

Key Findings of the Vehicle Tracking Systems Market:

    --  In 2017, the active segment dominated the global vehicle tracking
        systems market size, in terms of revenue, and is projected to grow at a
        CAGR of 20.1% during the forecast period.
    --  The government segment is projected to grow at a CAGR of 20.6% during
        the forecast period in the global vehicle tracking systems market.
    --  growth rate in the years to come and highest contributor in the vehicle
        tracking systems market size.Asia-Pacific is projected to register the
        highest
    --  Major players have focused on developing new products to strengthen
        their presence in the vehicle tracking systems market share.

    --  Moreover, as per the vehicle tracking systems market analysis, these
        companies expand their business by establishing a partnership to sustain
        the intense competition.

Key Topics Covered:

Chapter 1: Introduction
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Key Market Players
1.5. Research methodology

Chapter 2: Executive Summary
2.1. Key Findings
2.2. CXO perspective

Chapter 3: Market Overview
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. Porter's five forces analysis
3.4. Market share analysis, 2017
3.5. Market dynamics
3.5.1. Drivers
3.5.1.1. Rising adoption of intelligent transport systems
3.5.1.2. Safety and security concern within transportation services
3.5.1.3. Rising fleet operations especially in the emerging markets
3.5.2. Restraints
3.5.2.1. Increasing choices creating market shifts
3.5.3. Opportunity
3.5.3.1. Winning new customer segments from diverse industry verticals
3.5.3.2. Emergence of 5G into vehicle connectivity

Chapter 4: Vehicle Tracking Systems Market, By Type
4.1. Market overview
4.1.1. Market size and forecast, by Type
4.2. Active
4.3. Passive

Chapter 5: Vehicle Tracking Systems Market, By Vehicle Type
5.1. Market overview
5.1.1. Market size and forecast, by Vehicle Type
5.2. Commercial Vehicles
5.3. Passenger Vehicles

Chapter 6: Vehicle Tracking Systems Market, By Application
6.1. Market overview
6.1.1. Market size and forecast, by Application
6.2. Mobile Tracking
6.3. Cellular Tracking
6.4. Satellite Tracking

Chapter 7: Vehicle Tracking Systems Market, By Industry Vertical

Chapter 8: Vehicle Tracking Systems Market, By Region

Chapter 9: Company Profiles

    --  AT&T Inc.
    --  Cartrack Holdings Limited
    --  Continental AG
    --  Robert Bosch GmbH
    --  Verizon Communications Inc.
    --  Spireon, Inc.
    --  Geotab Inc.
    --  Inseego Corp.
    --  TomTom, Inc.
    --  Teletrac Navman US Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/mih3du

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

View original content:http://www.prnewswire.com/news-releases/vehicle-tracking-systems-market-2025---winning-new-customer-segments-from-diverse-industry-verticals-300913966.html

SOURCE Research and Markets