The Vehicle Tracking Systems Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Vehicle Tracking Systems Market?
The market size of vehicle tracking systems has seen substantial growth recently. In 2024, it was valued at $22.68 billion and is predicted to climb to $26.33 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 16.1%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Vehicle Tracking Systems Industry?
The Vehicle Tracking Systems Global Market is projected to reach $51.32 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 18.2%.
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What are the Key Growth Drivers Fueling the Vehicle Tracking Systems Market?
The key drivers in the vehicle tracking systems market are:
• Rising adoption of electric vehicles and advanced telematics solutions
• Increasing demand for security and safety in transportation services
• Growing implementation of IoT and cloud-based vehicle tracking solutions
• Increased demand for real-time surveillance in transportation
Global Market Segmentation: Identifying Major Vehicle Tracking Systems Industry Segments
The vehicle tracking systems market covered in this report is segmented –
1) By Type: Active, Passive
2) By Vehicle: Commercial Vehicles, Passenger Vehicles
3) By Application: Mobile Tracking, Cellular Tracking, Satellite Tracking
4) By Industry Vertical: Transportation And Logistics, Construction And Manufacturing, Aviation, Retail, Government, Other Industry Verticals
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What are the Emerging Trends Shaping the Future of the Vehicle Tracking Systems Market?
The key trends in the plasma protein therapeutics market are:
• The development of mobile-based vehicle tracking applications is a trending innovation.
• There is a rising trend in the utilization of geofencing for improved location-based control in tracking systems.
• The integration of Augmented Reality (AR) into vehicle tracking systems is a breakthrough trend.
• The focus on eco-friendly and sustainable tracking solutions, along with the implementation of blockchain for secure and transparent tracking systems, is a significant emerging trend.
Who Are the Top Competitors & Leading Players in the Vehicle Tracking Systems Market?
Major companies in the vehicle tracking systems market are:
• Verizon Communications Inc.
• Spireon Inc.
• Geotab Inc.
• TomTom International B. V.
• Teletrac Navman
• Cartrack Pty. Ltd.
• Calamp Corp.
• Teltonika Networks
• ORBCOMM Inc.
• Xirgo Technologies
• Laipac Technology Inc.
• Trackimo Inc.
• AirIQ Inc.
• Verizon Connect
• MiX Telematics
• Trimble Inc.
• Actsoft Inc.
• Ctrack
• Masternaut Limited
• Sierra Wireless Inc.
• AT&T Inc.
• FleetUp
• Omnitracs LLC
• Zonar Systems Inc.
• Fleetistics Inc.
• Azuga Inc.
• Onfleet Inc.
• Samsara Networks Inc.
• KeepTruckin Inc.
• Global Tracking Communications Inc.
• Fleetio Inc.
• NexTraq LLC
• FleetLocate by Spireon Inc.
• FleetMind Solutions Inc.
Regional Dominance: Which Area Leads the Global Vehicle Tracking Systems Market?
North America was the largest region in the vehicle tracking system market in 2024
