Vehicle Tracking Systems Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
The vehicle tracking systems market was valued at US$ 13.67 billion in 2021 and it is expected to grow at a CAGR of 8.7% from 2022 to 2031.
A vehicle tracking system enables real-time tracking and controlling of vehicles via an online computer, smart phone, or tablet with the help of the Global Positioning System (GPS) satellites. Vehicle tracking systems control vehicle speeds, followed route, stopping points, idling times and other reports with the assistance of various tracking systems such as GPS, General Packet Radio Services (GPRS), digital maps, and special software. Vehicles are mounted with mobile data devices to transmit information from satellites such as temperature and communication centers via the GSM/GPRS network. This received information is then processed by the software and recorded in a databank on servers. This information helps to track vehicles based on their instantaneous and history records, making it possible to visualize all information from vehicles, and to modify program statuses of vehicles. Growing automobile sales and advancements in the modern vehicle tracking technologies is anticipated to propel the global vehicle tracking systems market.
Market Dynamics
The global vehicle tracking systems market is witnessing unprecedented levels of technological advancements, policy and legislative frameworks and latest trends in mobility development. A few of the recent trends in the vehicle tracking systems market includes satellite-based navigation such as GPS. Companies operating in the market are directing their efforts toward GPS integration, considering the growing advancements in the mobility industry. The GPS system was introduced for military purposes; however, it is now being used for civil use, including vehicle tracking systems, navigation systems, mapping. Such trends are anticipated to propel the growth of the global vehicle tracking systems market.
MARKET SCOPE
The "Global Vehicle Tracking Systems Market Analysis to 2031" report aims to provide an overview of vehicle tracking systems market with detailed market segmentation based on type, vehicle type, application, and industry vertical. The report provides key market statistics based on the performances of leading players. It offers key trends and opportunities in the vehicle tracking systems market.
Strategic Insights
MARKET SEGMENTATION
The global vehicle tracking systems market is segmented into type, vehicle type, application, and industry vertical. Based on type, the market is bifurcated into active and passive. Based on vehicle type, the market is bifurcated into commercial vehicles and passenger vehicles. Further, based on application, the market is segmented into mobile tracking, cellular tracking, and satellite tracking. Based on industry vertical, the market is segmented into transportation & logistics, construction & manufacturing, aviation, retail, government, and others.
The global vehicle tracking systems market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America. The report covers analysis and forecast of 18 countries globally, along with current trend and opportunities prevailing in these regions.
North America is held a prominent share in the global vehicle tracking systems market in 2021. The market growth is majorly attributed to the presence of many vehicle manufacturers and OEM vendors. These suppliers witness constant demand from vehicle manufacturers in the region.
The below figure showcases the revenue growth trend in the global vehicle tracking systems market.
The report analyses factors, such as drivers, restraints, opportunities, and future trends, which are affecting the vehicle tracking systems market. It also provides exhaustive Porter's five forces analysis of the factors affecting the vehicle tracking systems market in these regions.
IMPACT OF COVID-19 PANDEMIC
Restrictions on the trade & commerce industry and the proclaimed lockdowns hampered the business of vendors, thereby slightly hindering the growth of the global vehicle tracking systems market. The impacts of COVID-19 pandemic severely affected the trucking industry in the US. The US trucking industry generates over 700 billion in annual revenue and transports 72.5% of North American freight. Stay-at-home orders and restrictions resulted in discontinuation of business operations and truck activities, which hampered the demand vehicle tracking systems in the region. Further, according to a Tradeshift report, global trade decreased by 14.8% in the second quarter of 2021; however, trade activity increased in 2021 as global economies started recovering from the initial effects of the pandemic. Moreover, cargo vessels, tankers, tugs, and other commercial vehicles are equipped with satellite navigation devices that can receive information from GNSS satellites and compute precise location and time. Maritime tracking insights obtained via GNSS/GPS signals also assisted the market players in measuring the impact of the pandemic on trade business. Thus, the vehicle tracking systems market is anticipated to observe a significant growth during the forecast period.
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The global vehicle tracking systems market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America. The report covers analysis and forecast of 18 countries globally, along with current trend and opportunities prevailing in these regions.
North America is held a prominent share in the global vehicle tracking systems market in 2021. The market growth is majorly attributed to the presence of many vehicle manufacturers and OEM vendors. These suppliers witness constant demand from vehicle manufacturers in the region.
The below figure showcases the revenue growth trend in the global vehicle tracking systems market.
The report analyses factors, such as drivers, restraints, opportunities, and future trends, which are affecting the vehicle tracking systems market. It also provides exhaustive Porter's five forces analysis of the factors affecting the vehicle tracking systems market in these regions.
IMPACT OF COVID-19 PANDEMIC
Restrictions on the trade & commerce industry and the proclaimed lockdowns hampered the business of vendors, thereby slightly hindering the growth of the global vehicle tracking systems market. The impacts of COVID-19 pandemic severely affected the trucking industry in the US. The US trucking industry generates over 700 billion in annual revenue and transports 72.5% of North American freight. Stay-at-home orders and restrictions resulted in discontinuation of business operations and truck activities, which hampered the demand vehicle tracking systems in the region. Further, according to a Tradeshift report, global trade decreased by 14.8% in the second quarter of 2021; however, trade activity increased in 2021 as global economies started recovering from the initial effects of the pandemic. Moreover, cargo vessels, tankers, tugs, and other commercial vehicles are equipped with satellite navigation devices that can receive information from GNSS satellites and compute precise location and time. Maritime tracking insights obtained via GNSS/GPS signals also assisted the market players in measuring the impact of the pandemic on trade business. Thus, the vehicle tracking systems market is anticipated to observe a significant growth during the forecast period.
MARKET PLAYERS
The reports cover key developments in the vehicle tracking systems market. Various companies are focusing on organic growth strategies such as product launches, product approvals, patents, and events. Inorganic growth strategies activities, such as acquisitions, partnerships, and collaborations, have encouraged the expansion of business and customer base of market players. Players operating in the vehicle tracking systems market are anticipated to experience lucrative growth opportunities in the coming years with the rising demand for vehicle tracking systems.
The report includes the key profiles of companies operating in the vehicle tracking systems market companies, along with their SWOT analysis and market strategies. It also focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, and key development in the past five years. The list of a few companies engaged in the vehicle tracking systems market is mentioned below.
- AT&T Inc.
- Cartrack Holdings Limited
- Continental AG
- Geotab Inc.
- Inseego Corp.
- Robert Bosch GmbH
- Spireon, Inc.
- Teletrac Navman US Ltd
- TomTom Telematics BV.
- Verizon Communications Inc.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Vehicle Type, Application, Industry Vertical, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Vehicle Tracking Systems Market - By Type
1.3.2 Vehicle Tracking Systems Market - By Vehicle Type
1.3.3 Vehicle Tracking Systems Market - By Application
1.3.4 Vehicle Tracking Systems Market - By Industry Vertical
1.3.5 Vehicle Tracking Systems Market - By Region
1.3.5.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. VEHICLE TRACKING SYSTEMS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. VEHICLE TRACKING SYSTEMS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. VEHICLE TRACKING SYSTEMS MARKET - GLOBAL MARKET ANALYSIS
6.1. VEHICLE TRACKING SYSTEMS - GLOBAL MARKET OVERVIEW
6.2. VEHICLE TRACKING SYSTEMS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. VEHICLE TRACKING SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. ACTIVE
7.3.1. Overview
7.3.2. Active Market Forecast and Analysis
7.4. PASSIVE
7.4.1. Overview
7.4.2. Passive Market Forecast and Analysis
8. VEHICLE TRACKING SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
8.1. OVERVIEW
8.2. VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
8.3. COMMERCIAL VEHICLES
8.3.1. Overview
8.3.2. Commercial Vehicles Market Forecast and Analysis
8.4. PASSENGER VEHICLES
8.4.1. Overview
8.4.2. Passenger Vehicles Market Forecast and Analysis
9. VEHICLE TRACKING SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. MOBILE TRACKING
9.3.1. Overview
9.3.2. Mobile Tracking Market Forecast and Analysis
9.4. CELLULAR TRACKING
9.4.1. Overview
9.4.2. Cellular Tracking Market Forecast and Analysis
9.5. SATELLITE TRACKING
9.5.1. Overview
9.5.2. Satellite Tracking Market Forecast and Analysis
10. VEHICLE TRACKING SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY VERTICAL
10.1. OVERVIEW
10.2. INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
10.3. TRANSPORTATION AND LOGISTICS
10.3.1. Overview
10.3.2. Transportation and Logistics Market Forecast and Analysis
10.4. CONSTRUCTION AND MANUFACTURING
10.4.1. Overview
10.4.2. Construction and Manufacturing Market Forecast and Analysis
10.5. AVIATION
10.5.1. Overview
10.5.2. Aviation Market Forecast and Analysis
10.6. RETAIL
10.6.1. Overview
10.6.2. Retail Market Forecast and Analysis
10.7. GOVERNMENT
10.7.1. Overview
10.7.2. Government Market Forecast and Analysis
10.8. OTHERS
10.8.1. Overview
10.8.2. Others Market Forecast and Analysis
11. VEHICLE TRACKING SYSTEMS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Vehicle Tracking Systems Market Overview
11.1.2 North America Vehicle Tracking Systems Market Forecasts and Analysis
11.1.3 North America Vehicle Tracking Systems Market Forecasts and Analysis - By Type
11.1.4 North America Vehicle Tracking Systems Market Forecasts and Analysis - By Vehicle Type
11.1.5 North America Vehicle Tracking Systems Market Forecasts and Analysis - By Application
11.1.6 North America Vehicle Tracking Systems Market Forecasts and Analysis - By Industry Vertical
11.1.7 North America Vehicle Tracking Systems Market Forecasts and Analysis - By Countries
11.1.7.1 United States Vehicle Tracking Systems Market
11.1.7.1.1 United States Vehicle Tracking Systems Market by Type
11.1.7.1.2 United States Vehicle Tracking Systems Market by Vehicle Type
11.1.7.1.3 United States Vehicle Tracking Systems Market by Application
11.1.7.1.4 United States Vehicle Tracking Systems Market by Industry Vertical
11.1.7.2 Canada Vehicle Tracking Systems Market
11.1.7.2.1 Canada Vehicle Tracking Systems Market by Type
11.1.7.2.2 Canada Vehicle Tracking Systems Market by Vehicle Type
11.1.7.2.3 Canada Vehicle Tracking Systems Market by Application
11.1.7.2.4 Canada Vehicle Tracking Systems Market by Industry Vertical
11.1.7.3 Mexico Vehicle Tracking Systems Market
11.1.7.3.1 Mexico Vehicle Tracking Systems Market by Type
11.1.7.3.2 Mexico Vehicle Tracking Systems Market by Vehicle Type
11.1.7.3.3 Mexico Vehicle Tracking Systems Market by Application
11.1.7.3.4 Mexico Vehicle Tracking Systems Market by Industry Vertical
11.2. EUROPE
11.2.1 Europe Vehicle Tracking Systems Market Overview
11.2.2 Europe Vehicle Tracking Systems Market Forecasts and Analysis
11.2.3 Europe Vehicle Tracking Systems Market Forecasts and Analysis - By Type
11.2.4 Europe Vehicle Tracking Systems Market Forecasts and Analysis - By Vehicle Type
11.2.5 Europe Vehicle Tracking Systems Market Forecasts and Analysis - By Application
11.2.6 Europe Vehicle Tracking Systems Market Forecasts and Analysis - By Industry Vertical
11.2.7 Europe Vehicle Tracking Systems Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Vehicle Tracking Systems Market
11.2.7.1.1 Germany Vehicle Tracking Systems Market by Type
11.2.7.1.2 Germany Vehicle Tracking Systems Market by Vehicle Type
11.2.7.1.3 Germany Vehicle Tracking Systems Market by Application
11.2.7.1.4 Germany Vehicle Tracking Systems Market by Industry Vertical
11.2.7.2 France Vehicle Tracking Systems Market
11.2.7.2.1 France Vehicle Tracking Systems Market by Type
11.2.7.2.2 France Vehicle Tracking Systems Market by Vehicle Type
11.2.7.2.3 France Vehicle Tracking Systems Market by Application
11.2.7.2.4 France Vehicle Tracking Systems Market by Industry Vertical
11.2.7.3 Italy Vehicle Tracking Systems Market
11.2.7.3.1 Italy Vehicle Tracking Systems Market by Type
11.2.7.3.2 Italy Vehicle Tracking Systems Market by Vehicle Type
11.2.7.3.3 Italy Vehicle Tracking Systems Market by Application
11.2.7.3.4 Italy Vehicle Tracking Systems Market by Industry Vertical
11.2.7.4 United Kingdom Vehicle Tracking Systems Market
11.2.7.4.1 United Kingdom Vehicle Tracking Systems Market by Type
11.2.7.4.2 United Kingdom Vehicle Tracking Systems Market by Vehicle Type
11.2.7.4.3 United Kingdom Vehicle Tracking Systems Market by Application
11.2.7.4.4 United Kingdom Vehicle Tracking Systems Market by Industry Vertical
11.2.7.5 Russia Vehicle Tracking Systems Market
11.2.7.5.1 Russia Vehicle Tracking Systems Market by Type
11.2.7.5.2 Russia Vehicle Tracking Systems Market by Vehicle Type
11.2.7.5.3 Russia Vehicle Tracking Systems Market by Application
11.2.7.5.4 Russia Vehicle Tracking Systems Market by Industry Vertical
11.2.7.6 Rest of Europe Vehicle Tracking Systems Market
11.2.7.6.1 Rest of Europe Vehicle Tracking Systems Market by Type
11.2.7.6.2 Rest of Europe Vehicle Tracking Systems Market by Vehicle Type
11.2.7.6.3 Rest of Europe Vehicle Tracking Systems Market by Application
11.2.7.6.4 Rest of Europe Vehicle Tracking Systems Market by Industry Vertical
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Vehicle Tracking Systems Market Overview
11.3.2 Asia-Pacific Vehicle Tracking Systems Market Forecasts and Analysis
11.3.3 Asia-Pacific Vehicle Tracking Systems Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific Vehicle Tracking Systems Market Forecasts and Analysis - By Vehicle Type
11.3.5 Asia-Pacific Vehicle Tracking Systems Market Forecasts and Analysis - By Application
11.3.6 Asia-Pacific Vehicle Tracking Systems Market Forecasts and Analysis - By Industry Vertical
11.3.7 Asia-Pacific Vehicle Tracking Systems Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Vehicle Tracking Systems Market
11.3.7.1.1 Australia Vehicle Tracking Systems Market by Type
11.3.7.1.2 Australia Vehicle Tracking Systems Market by Vehicle Type
11.3.7.1.3 Australia Vehicle Tracking Systems Market by Application
11.3.7.1.4 Australia Vehicle Tracking Systems Market by Industry Vertical
11.3.7.2 China Vehicle Tracking Systems Market
11.3.7.2.1 China Vehicle Tracking Systems Market by Type
11.3.7.2.2 China Vehicle Tracking Systems Market by Vehicle Type
11.3.7.2.3 China Vehicle Tracking Systems Market by Application
11.3.7.2.4 China Vehicle Tracking Systems Market by Industry Vertical
11.3.7.3 India Vehicle Tracking Systems Market
11.3.7.3.1 India Vehicle Tracking Systems Market by Type
11.3.7.3.2 India Vehicle Tracking Systems Market by Vehicle Type
11.3.7.3.3 India Vehicle Tracking Systems Market by Application
11.3.7.3.4 India Vehicle Tracking Systems Market by Industry Vertical
11.3.7.4 Japan Vehicle Tracking Systems Market
11.3.7.4.1 Japan Vehicle Tracking Systems Market by Type
11.3.7.4.2 Japan Vehicle Tracking Systems Market by Vehicle Type
11.3.7.4.3 Japan Vehicle Tracking Systems Market by Application
11.3.7.4.4 Japan Vehicle Tracking Systems Market by Industry Vertical
11.3.7.5 South Korea Vehicle Tracking Systems Market
11.3.7.5.1 South Korea Vehicle Tracking Systems Market by Type
11.3.7.5.2 South Korea Vehicle Tracking Systems Market by Vehicle Type
11.3.7.5.3 South Korea Vehicle Tracking Systems Market by Application
11.3.7.5.4 South Korea Vehicle Tracking Systems Market by Industry Vertical
11.3.7.6 Rest of Asia-Pacific Vehicle Tracking Systems Market
11.3.7.6.1 Rest of Asia-Pacific Vehicle Tracking Systems Market by Type
11.3.7.6.2 Rest of Asia-Pacific Vehicle Tracking Systems Market by Vehicle Type
11.3.7.6.3 Rest of Asia-Pacific Vehicle Tracking Systems Market by Application
11.3.7.6.4 Rest of Asia-Pacific Vehicle Tracking Systems Market by Industry Vertical
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Vehicle Tracking Systems Market Overview
11.4.2 Middle East and Africa Vehicle Tracking Systems Market Forecasts and Analysis
11.4.3 Middle East and Africa Vehicle Tracking Systems Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa Vehicle Tracking Systems Market Forecasts and Analysis - By Vehicle Type
11.4.5 Middle East and Africa Vehicle Tracking Systems Market Forecasts and Analysis - By Application
11.4.6 Middle East and Africa Vehicle Tracking Systems Market Forecasts and Analysis - By Industry Vertical
11.4.7 Middle East and Africa Vehicle Tracking Systems Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Vehicle Tracking Systems Market
11.4.7.1.1 South Africa Vehicle Tracking Systems Market by Type
11.4.7.1.2 South Africa Vehicle Tracking Systems Market by Vehicle Type
11.4.7.1.3 South Africa Vehicle Tracking Systems Market by Application
11.4.7.1.4 South Africa Vehicle Tracking Systems Market by Industry Vertical
11.4.7.2 Saudi Arabia Vehicle Tracking Systems Market
11.4.7.2.1 Saudi Arabia Vehicle Tracking Systems Market by Type
11.4.7.2.2 Saudi Arabia Vehicle Tracking Systems Market by Vehicle Type
11.4.7.2.3 Saudi Arabia Vehicle Tracking Systems Market by Application
11.4.7.2.4 Saudi Arabia Vehicle Tracking Systems Market by Industry Vertical
11.4.7.3 U.A.E Vehicle Tracking Systems Market
11.4.7.3.1 U.A.E Vehicle Tracking Systems Market by Type
11.4.7.3.2 U.A.E Vehicle Tracking Systems Market by Vehicle Type
11.4.7.3.3 U.A.E Vehicle Tracking Systems Market by Application
11.4.7.3.4 U.A.E Vehicle Tracking Systems Market by Industry Vertical
11.4.7.4 Rest of Middle East and Africa Vehicle Tracking Systems Market
11.4.7.4.1 Rest of Middle East and Africa Vehicle Tracking Systems Market by Type
11.4.7.4.2 Rest of Middle East and Africa Vehicle Tracking Systems Market by Vehicle Type
11.4.7.4.3 Rest of Middle East and Africa Vehicle Tracking Systems Market by Application
11.4.7.4.4 Rest of Middle East and Africa Vehicle Tracking Systems Market by Industry Vertical
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Vehicle Tracking Systems Market Overview
11.5.2 South and Central America Vehicle Tracking Systems Market Forecasts and Analysis
11.5.3 South and Central America Vehicle Tracking Systems Market Forecasts and Analysis - By Type
11.5.4 South and Central America Vehicle Tracking Systems Market Forecasts and Analysis - By Vehicle Type
11.5.5 South and Central America Vehicle Tracking Systems Market Forecasts and Analysis - By Application
11.5.6 South and Central America Vehicle Tracking Systems Market Forecasts and Analysis - By Industry Vertical
11.5.7 South and Central America Vehicle Tracking Systems Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Vehicle Tracking Systems Market
11.5.7.1.1 Brazil Vehicle Tracking Systems Market by Type
11.5.7.1.2 Brazil Vehicle Tracking Systems Market by Vehicle Type
11.5.7.1.3 Brazil Vehicle Tracking Systems Market by Application
11.5.7.1.4 Brazil Vehicle Tracking Systems Market by Industry Vertical
11.5.7.2 Argentina Vehicle Tracking Systems Market
11.5.7.2.1 Argentina Vehicle Tracking Systems Market by Type
11.5.7.2.2 Argentina Vehicle Tracking Systems Market by Vehicle Type
11.5.7.2.3 Argentina Vehicle Tracking Systems Market by Application
11.5.7.2.4 Argentina Vehicle Tracking Systems Market by Industry Vertical
11.5.7.3 Rest of South and Central America Vehicle Tracking Systems Market
11.5.7.3.1 Rest of South and Central America Vehicle Tracking Systems Market by Type
11.5.7.3.2 Rest of South and Central America Vehicle Tracking Systems Market by Vehicle Type
11.5.7.3.3 Rest of South and Central America Vehicle Tracking Systems Market by Application
11.5.7.3.4 Rest of South and Central America Vehicle Tracking Systems Market by Industry Vertical
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. VEHICLE TRACKING SYSTEMS MARKET, KEY COMPANY PROFILES
13.1. ATT INC.
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. CARTRACK HOLDINGS LIMITED
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. CONTINENTAL AG
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. GEOTAB INC.
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. INSEEGO CORP.
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. ROBERT BOSCH GMBH
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. SPIREON, INC.
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. TELETRAC NAVMAN US LTD
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. TOMTOM TELEMATICS BV.
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. VERIZON COMMUNICATIONS INC.
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of Companies
1. ATT Inc.
2. Cartrack Holdings Limited
3. Continental AG
4. Geotab Inc.
5. Inseego Corp.
6. Robert Bosch GmbH
7. Spireon, Inc.
8. Teletrac Navman US Ltd
9. TomTom Telematics BV.
10. Verizon Communications Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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