Vehicle Tracking Device Market Size By Tracker Type (Wired, Wireless), By Vehicle Type (Passenger Vehicle (PV), Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)), By Communication Technology (Cellular, GPS/Satellite, Dual Mode), By Application (Transportation & Logistics, Construction, Oil & Gas, Mining, Emergency Services), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2025

Published Date: Jul 2019  |  Report ID: GMI193  |  Authors: Ankita Bhutani, Preeti Wadhwani

Report Format: PDF   |   Pages: 280   |   Base Year: 2018

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Vehicle Tracking Device Market size in 2018 exceeded 18,984 thousand units with a industry value of over USD 600 million and is estimated to grow at a CAGR of over 20% from 2019 to 2025.

Vehicle Tracking Device Market

Get more details on this report - Request Free Sample PDF

The vehicle tracking device market growth is attributed to the rising demand for fleet telematics in the transportation and logistics industries. The government authorities are making regulations for vehicle tracking systems in passenger & commercial vehicles to improve the safety of passengers and drivers. The growing adoption of car leasing and rental services across the developing countries is enabling vehicle rental companies to deploy trackers to improve their services. The increase in cellular connectivity is helping fleet companies to track their vehicle traveling in remote locations using vehicle tracking devices. The technological advancements in the automotive sector, such as autonomous vehicles and C-V2X technology, are relying on GPS-based location tracking systems to improve the reliability and accuracy for navigation. Many countries are focusing on the development of their location-based technology such as Quasi-Zenith Satellite System (QZSS) of Japan and Indian Regional Navigation Satellite System (IRNSS) of India.

The capabilities of 5G, such as enhanced speed, low latency, and high capacity, will improve the performance of vehicle tracking devices. The adoption of 5G will help in the development of the autonomous driving technology, which uses GPS for route planning and its movement. Many telecom operators are focusing on the commercialization of next generation 5G technology.

Vehicle Tracking Device Market Report Coverage
Report Coverage Details
Base Year:2018Historical Data for:2014 to 2018
Market Size in 2018:600 Million (USD)Forecast Period:2019 to 2025
Forecast Period 2019 to 2025 CAGR:20%No. of Pages:280
2025 Value Projection:3 Billion (USD) Tables, Charts & Figures:536
Geographies covered (21):U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Netherland, China, Japan, India, South Korea, Australia, Thailand, Indonesia, Brazil, Mexico, Argentina, Colombia, Saudi Arabia, UAE, South Africa, Turkey
Segments covered:Tracker Type, Vehicle Type, Communication Technology, Application, and Region
Growth Drivers:
  • North America
  • Large scale IoT adoption
  • Increasing vehicle thefts
  • Development of Intelligent Transportation System (ITS)
  • Europe
  • Increase in vehicle production
  • Growth of the corporate channel
  • Advancements in cellular networks
  • APAC
  • Increase in shared mobility
  • Rising safety awareness
  • Rising penetration of smartphones
  • Latin America
  • Adoption of smart logistics
  • Increase in number of commercial vehicles
  • Growing adoption of LPWAN technology
  • Middle East and Africa
  • Increase in demand from gas and oil companies to reduce accidents
  • Demand for safety and security of mining vehicles
  • Adoption of cloud services
Pitfalls & Challenges:
  • Dependency on cellular network for in-route vehicle tracking
  • Lack of GPS accuracy due to challenging weather conditions
  • Network security and privacy issues

Get more details on this report - Request Free Sample PDF

Vehicle Tracking Device Market, By Tracker Type

U.S. Vehicle Tracking Device Market By Tracker Type

Get more details on this report - Request Free Sample PDF

Wired vehicle tracking devices are expected to hold a market share of over 50% by 2025 due to the provision of reliable power connection for wired devices. Wired vehicle tracking devices can manually be connected to the vehicles’ electric systems, ensuring continuous power for these devices. These devices can be easily mounted in hidden locations in vehicles to avoid tampering. Wireless vehicle tracking device market is expected to show a growth rate of over 20% during the forecast period due to the increase in the adoption of wireless technologies. The transportation companies are using On-Board Diagnostics (OBD) dongles and plug & play devices embedded with sensors to detect vehicle idle time, driving patterns, fuel efficiency, and road conditions. The compact size of wireless tracking devices enables easy integration into vehicles that can be used in discrete covert vehicle tracking applications.

 Vehicle Tracking Device Market, By Vehicle Type

France Vehicle Tracking Device Market By Vehicle Type

Get more details on this report - Request Free Sample PDF

The Light Commercial Vehicle (LCV) segment held a market share of over 60% in 2018 due to the demand for cost-effective and low-emission ways to better manage fleet operations. The rapid growth of construction & e-commerce industries enables the adoption of LCVs for the transportation of goods within the cities. This growing adoption is increasing the demand for vehicle trackers among fleet managers to improve fleet security, route planning, and check unnecessary pilferage for cost optimization.

The Heavy Commercial Vehicle (HCV) segment in vehicle tracking device market is expected to show a CAGR of over 25% due to the growing need to monitor the vehicle movements, carrying both personnel and materials. Various government & private sector initiatives to drive the growth of the HCV segment will augment the need for GPS trackers, enabling fleet operators to manage and monitor heavy vehicles and control their functionalities by using GPS truck tracking apps.

Vehicle Tracking Device Market, By Communication Technology

The cellular vehicle tracking devices held a vehicle tracking device market share of over 40% in 2018 due to the deep penetration of the 4G LTE network across the world. According to the report released by the European Commission’s Broadband Coverage in Europe 2017 report, LTE coverage has already reached 99% households in European countries. This cellular network helps fleet operators to track their vehicles traveling in remote locations for improving their operational efficiency. The dual-mode communication type is expected to grow at a rate of over 25% due to the increase in the focus of fleet managers to get combined benefits of cellular and satellite communication. The cost-effectiveness of cellular network and reliability of satellite solutions are enabling fleet managers to track their large fleets effectively.

Vehicle Tracking Device Market, By Application

Brazil Vehicle Tracking Device Market By Application

Get more details on this report - Request Free Sample PDF

The transportation & logistics application segment held a vehicle tracking device market share of over 30% in 2018 due to the adoption of fleet management solutions for improving the operational efficiency of transportation & logistics companies. The fleet management solutions are enabling fleet operators to monitor different vehicle parameters such as location, driver behavior, fuel consumption, and engine condition using a vehicle tracking system installed in the vehicles. The rising internet penetration and ease in the availability of smartphones are also spurring the adoption of GPS technology to enable owners and fleet managers to monitor their vehicles remotely using smartphone applications.

The emergency services segment in vehicle tracking device market is expected to show a growth rate of over 25% during the forecast period due to the demand for reduced response time in cases of emergency. The GPS technology is extensively used for emergency services such as police vehicles, fire brigades, air rescue operations, and ambulance services to reduce the emergency response time. These rescue service providers install GPS systems in their vehicles to deal with emergencies quickly and optimize emergency response route. For instance, in June 2018, the Tripura government launched 50 life-support ambulances with pre-installed GPS tracking systems.

Vehicle Tracking Device Market, By Region

Europe vehicle tracking device market is expected to show a growth rate of over 17% during the forecast period due to the growing government investments in advanced technologies to improve public transportation. For instance, in May 2016, the Crown Commercial Service, Executive Agency, and Trading Fund of the Cabinet Office of the UK government signed a vehicle telematics agreement to help the public transportation in improving on-road safety and efficiency. The agreement was developed in combination with police, ambulance, local government, and central government customers, featuring a range of suppliers that are small and medium-sized businesses. This agreement enabled fleet managers to monitor factors such as fuel consumption, vehicle tracking, and driver behavior.  

Competitive Market Share

The companies operating in the vehicle tracking system market are focusing on extending its vehicle tracking solutions for small businesses. For instance, in July 2019, the company partnered with National Small Business Chamber (NSBC), a South African non-profit organization focused on the development of small businesses, to offer advanced telematics solutions for small businesses. This partnership helped the country to expand its customer base.

The companies are also emphasizing on strategic partnerships to enhance their vehicle tracking capabilities by integrating IoT technology. For instance, in February 2018, the company partnered with HERE, a leading fleet management platform and Airoha, an IoT unit of MediaTek. This partnership helped the company’s customers to take advantage of pre-integrated HERE’s advanced tracking technology.

The major players operating in the vehicle tracking device market are ATrack Technology Inc., CalAmp Corporation, Cartrack (Pty) Ltd, Concox Information Technology Co., Ltd., Garmin Ltd., Geotab Inc., Laird PLC, Maestro Wireless Solutions Limited, Meitrack Group, ORBCOMM Inc., Queclink Wireless Solutions Co., Ltd., Sierra Wireless, Inc., Starcom Systems Ltd., Suntech International Ltd., Teltonika, TomTom International B.V., Trackimo Inc, Verizon Communications, Inc. (Fleetmatics Group PLC), and Xirgo Technologies, LLC.

Industry Background

Logistics & transportation companies are facing challenges in managing a large number of fleets efficiently. The vehicle idle time and wrong driving behavior of vehicle drivers are causing huge operational expenses for these companies. Logistics and transportation companies are moving toward advanced technology to improve their fleet operations and reduce losses occurring due to wrong driving practices. The safety concerns about passengers traveling in private transportation also enable vehicle leasing and rental companies to shift toward reliable tracking solutions. The vehicle tracking system tracks different vehicle parameters such as location, fuel consumption, driving behavior, and engine condition. These systems improve passenger safety, especially women, children, and senior citizens, commuting through shared mobility. It also improves the security of personal vehicles as the location of stolen vehicles can be tracked using the GPS tracking devices installed in the vehicle.

Frequently Asked Questions (FAQ) :

The market size of vehicle tracking device was valued over USD 600 million in 2018.
The industry share of vehicle tracking device is projected to expand at 20% CAGR during 2019 to 2025.
Recent developments in cellular connectivity and C-V2X technology development have increased the demand for GPS-based vehicle tracking systems to improve reliability and navigation accuracy.
Vehicle tracking systems enable fleet operators to monitor different parameters such as location, fuel consumption, engine condition, and driver behavior, improving the efficiency of fleet management solutions.
Europe market will likely witness robust growth of over 17% during the forecast period on account of increased government spending on advanced technologies to improve public transportation.
Wired vehicle tracking devices are expected to hold a market share of over 50% by 2025 due to provision of reliable power connection for wired devices.

Buy NowImmediate delivery available

Need a Discount? Get in touch with us for special pricing

Request Discount

 Connect with our sales team

Premium Report Details

  • Published Date: Jul 2019
  • Pages: 280
  • Tables: 507
  • Charts / Figures: 29
  • Companies covered: 24
  • Countries covered: 21

Get a report that explains COVID-19 impact on this market, request a free sample now

Benefits of Association

Data Coverage & Quality

GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.

Client Trust & Security

GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.

Customer Service

Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.

GMIPulse, our report store

We have introduced ‘GMIPulse’, which is our report store; designed to offer clients a one-stop platform for all market research and business intelligence requirements. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. GMIPulse allows you to track relevant industries and stay informed with latest innovation, competitive and regulatory developments to help design strategic framework.

Chat with us
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X