Vehicle Tracking Systems Market to Reach $14.95 Bn, Globally, by 2025 at 19.9% CAGR: AMR

Increased adoption of intelligent transport systems, safety and security concern within transportation services, and rising fleet operations especially in the emerging markets drive the growth of the global vehicle tracking systems market

News provided by

Allied Market Research

May 21, 2019, 08:30 ET

PORTLAND, Oregon, May 21, 2019 /PRNewswire/ -- Allied Market Research recently published a report, titled, Vehicle Tracking Systems Market by Type (Active and Passive), Vehicle Type (Commercial Vehicles, Passenger Vehicles), Application (Mobile Tracking, Cellular Tracking, Satellite Tracking), and Industry Vertical (Transportation & Logistics, Construction & Manufacturing, Aviation, Retail, Government, Other Industry Verticals): Global Opportunity Analysis and Industry Forecast, 2018 - 2025. The research offers a detailed analysis on changing market dynamics, key investment pockets, major segments, and market competition. According to the report, the global vehicle tracking systems market generated $3.79 billion in 2017, and is expected to reach $14.95 billion by 2025, growing at a CAGR of 19.9% from 2018 to 2025.

Rising adoption of intelligent transport systems, safety and security concern within transportation services, and rising fleet operations especially in the emerging markets drive the market growth. However, increasing choices creating market shifts restrain the growth of the market. Conversely, winning new customer segments from diverse industry verticals and emergence of 5G into vehicle connectivity create new opportunities for growth of the market.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/3853

Active segment to be lucrative through 2025

Among types, the active segment accounted for 80.8% of the market share in 2017 and would retain its dominance through 2025. The same would grow at the fastest CAGR of 20.1% during the forecast period. This is due to the rising preference for real time data monitoring and reporting which indirectly showcases the future of mobility solutions.

Passenger vehicles segment to be lucrative through 2025

Among vehicle types, the passenger vehicles segment was the largest in 2017, capturing 72.2% of the market share and would maintain its dominance through 2025. The same segment would grow at the fastest CAGR of 20.1% from 2018 to 2025. This is due to the growing fleet operators especially in the emerging markets.

Cellular tracking segment to dominate through 2025

Among applications, the cellular tracking segment dominated the market in 2017, grabbing 62.3% of the market share. However, the mobile tracking segment would achieve the fastest CAGR of 20.5% during the study period.

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/3853

Asia-Pacific to be lucrative through 2025

Asia-Pacific was the largest market in 2017, grabbing 30.9% of the market share and is likely to dominate the market through 2025. The same segment would achieve the fastest growth of 20.4% during the forecast period. This is due to the large number of big investments for tunneling projects facilitated by large number of domestic suppliers in the region.

Key players of the industry

Leading market players analyzed in the research 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 Ltd. These market players have adopted various strategies including collaborations, joint ventures, partnerships, expansions, and others to gain a strong position in the vehicle tracking systems industry.

Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree

Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.

Rapid urbanization, effective communication network, adoption of high-tech software, rise in adoption of wireless technology, supportive government policies toward fleet tracking & maintenance, and increase in concern for safety of fleet & driver fuel the growth of the global fleet management market.

Global IoT in Transportation Market Expected to Reach $328.76 Billion by 2023

The global IoT in transportation market is in its growth phase and is expected to grow at a CAGR of 13.7% during the forecast period, owing to high demand for connectivity solutions, enhanced internet connectivity, decreased cost of smart sensors & controllers, and other factors.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: https://www.alliedmarketresearch.com