Vehicle Tracking Systems Market by Type, Vehicle Type, Technology, and Components: Global Opportunity Analysis and Industry Forecast, 2021-2030
PORTLAND, OR, USA, September 15, 2023 /EINPresswire.com/ — Alied Market Research recently published a report titled, By Type (Active & Passive), Vehicle Type (Commercial Vehicles, Passenger Vehicles) Vehicle Tracking Systems Market Segmented by Application (Mobile Tracking, Cellular Tracking, Satellite Tracking) and Vertical Industries (Transportation & Logistics, Construction & Manufacturing, Aviation, Retail, Government, Other Verticals): Global Opportunity Analysis 2018 to 2025 and industry forecasts. The study provides a detailed analysis of the changing market dynamics, key investment areas, key segments, and market competition. The report shows that the global vehicle tracking system market generated US$3.79 billion in 2017 and is expected to reach US$14.95 billion by 2025, with a compound annual growth rate of 19.9% from 2018 to 2025.
The market growth is driven by the growing adoption of intelligent transportation systems, safety and security concerns in transportation services, and increase in fleet operations, especially in emerging markets. However, increasing options have led to a shift in the market, restraining the market growth. Instead, winning new customer segments across different verticals and the emergence of 5G in vehicle connectivity have created new opportunities for market growth.
?????????????????? – https://www.alliedmarketresearch.com/request-toc-and-sample/11746
Active segments will be profitable by 2025
Among types, the active segment held 80.8% market share in 2017 and will maintain its dominance until 2025. The active segment will grow at the fastest CAGR of 20.1% during the forecast period. This is due to the growing preference for real-time data monitoring and reporting, which indirectly shows the future of mobile solutions.
Passenger car segment to be highly profitable by 2025
Among vehicle types, the passenger car segment was the largest with a 72.2% market share in 2017 and will maintain its dominance until 2025. This segment will grow at the fastest CAGR of 20.1% from 2018 to 2025. Growing fleet operators, especially in emerging markets.
????????????????????????????? – https ://www .alliedmarketresearch.com/vehicle-security-system-market/purchase-options
Cellular tracking will dominate by 2025
Among applications, the cellular tracking segment dominated the market in 2017, accounting for 62.3% of the market share. However, the mobile tracking segment will achieve the fastest CAGR (20.5%) during the study period.
Asia Pacific to be hugely profitable by 2025
Asia Pacific was the largest market in 2017, accounting for 30.9% of the market, and is likely to dominate the market by 2025. The same segment will witness the fastest growth of 20.4% during the forecast period. This is due to significant investment in tunneling projects driven by a large number of domestic suppliers in the region.
??????????????????? – https://www.alliedmarketresearch.com/purchase-enquiry/3853
Major industry players
Leading market players analyzed in the study include AT&T Inc., Cartrack Holdings Limited, Continental AG, Robert Bosch GmbH, Verizon Communications Inc., Spireon, Inc., Geotab Inc., Inseego Corp., TomTom, Inc., and Teletrac Navman US These market players have adopted various strategies, including collaborations, joint ventures, collaborations, expansions, etc., to gain a strong position in the vehicle tracking system industry.
??????? ??????? ?? ?????????? ??? ?????:
Automotive Electrification Market: https://www.alliedmarketresearch.com/vehicle-electrification-market
Indian Commercial Vehicle Wiring Harness Market: https://www.alliedmarketresearch.com/india-commercial-vehicle-wiring-harness-market-A31536
Electric vehicle on-board charger market: https://www.alliedmarketresearch.com/electric-vehicle-on-board-charger-market-A06307
David Correa
Allied Analytics LLP
+1 800-792-5285
Email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
Content provided by EIN Presswire. Toutiao is not responsible for the content provided or any links related to that content. Toutiao is not responsible for the accuracy, topicality or quality of the content.
