Growing Vehicle Tracking Market

Vehicle Tracking Market
Growing Vehicle Tracking Market

Sharing is caring!

Globally, the vehicle tracking market is estimated to foster over owing to rising safety and security awareness, particularly in the corporate sector.

The size of the vehicle tracking market was valued at over USD 6 billion in 2016 and is predicted to exhibit over 7% CAGR by 2024.

The growing need for monitoring the automobile movement carrying both passengers as well as goods will promote this market and its components.

Vehicle tracking solution generally comprises four key elements – vehicle tracking GPS based hardware device installed in the vehicle, partnership with a telecom operator to provide data services, a partnership with a cloud hosting provider to provide a stable and reliable system, and an application that would be built on the said platform.

A synergy between telecommunications and information technology has introduced the next generation solutions in multiple sectors, enabling speed deliveries and improved efficiency in the transportation system.

Increasing deployment of vehicle tracking devices by the transportation service providers to ensure fast movement of goods is primarily driving the GPS tracking industry size.

Multiple countries have guidelines on application, usage, and installation of fleet monitoring devices. Increasing automobile theft in countries is driving the regulations to be mandatory on product usage.

For instance, on the policy intervention front, India once the Central Government’s mandate – that all public commercial vehicles must have a vehicle tracking device installed – comes into effect. The initial deadline for the mandate was April 1, 2018, but it’s been postponed.

Additionally, with increasing sales of commercial automobiles in developing countries the vehicle tracking market will gain higher momentum. Increasing investments in road up-gradation or constructing new ones will boost prospects for transportation via roadways, increasing the demand for GPS fleet tracking devices.

For this market, the Asia Pacific is projected to account for approximately 21% of the volume share by 2024. Increasing automotive production, particularly in emerging economies is improving the regional penetration rate made this projection.

Growing Vehicle Tracking Market


  1. Thank you for sharing excellent information. Your website is so cool. I am impressed by the details that you have on this blog. It reveals how nicely you understand this subject. Bookmarked this web page, will come back for extra articles. You, my friend, ROCK! I found just the info I already searched all over the place and simply couldn’t come across. What a great website.

  2. This really takes investing to the next level and helps anyone become a pro. I personally got started about 2 weeks ago investing and I’m already making profit and did it all thanks to the help of an app. It also includes a free stock to start off, literally anyone can do this. I’m sure this will provide tremendous value to anyone that sees this. You can check it out here:

  3. whoah this blog is great i like studying your posts.Keep up the good work! You know, a lot of individuals are hunting round for this info, you couldaid them greatly.

  4. I just wanted to write a brief remark so as to thank you for all of the stunning secrets you are placing at this site. My prolonged internet investigation has at the end of the day been honored with incredibly good points to share with my two friends. I ‘d assert that many of us website visitors actually are rather blessed to exist in a wonderful network with so many marvellous professionals with useful tips and hints. I feel rather blessed to have come across the site and look forward to really more brilliant minutes reading here. Thank you again for all the details.

  5. I intended to send you this very little word so as to give thanks again for these exceptional guidelines you have documented on this site. It has been so strangely open-handed of people like you to make freely just what most people could have marketed for an e-book to get some money for their own end, most importantly considering the fact that you might well have done it in case you wanted. These smart ideas in addition served like the good way to comprehend some people have the same keenness much like my personal own to grasp a whole lot more pertaining to this issue. I believe there are some more enjoyable sessions ahead for individuals who read your blog.

  6. I and also my buddies were reading through the nice points located on your site and then all of a sudden I had a terrible feeling I had not expressed respect to the web site owner for those secrets. All of the women happened to be for that reason happy to read all of them and now have honestly been having fun with those things. I appreciate you for actually being considerably kind and then for having this sort of fabulous tips millions of individuals are really needing to learn about. Our own sincere apologies for not expressing gratitude to earlier.

  7. After reading your blog post, I browsed your website a bit and noticed you aren’t ranking nearly as well in Google as you could be. I possess a handful of blogs myself, just google it. You’ll find it’s a very lovely SEO tool that can bring you a lot more visitors and improve your ranking. They have more than 30+ tools only 20$. Very cheap right? Keep up the quality posts.

  8. I in addition to my pals came examining the best secrets and techniques located on your site and so immediately I got a horrible suspicion I had not expressed respect to the site owner for those secrets. These young boys had been so glad to see all of them and already have really been taking pleasure in these things. Many thanks for being really accommodating and then for choosing this form of beneficial useful guides most people are really wanting to know about. Our own sincere regret for not expressing gratitude to sooner.

  9. Wonderful story, reckoned we could combine a few unrelated data, nonetheless seriously really worth taking a appear, whoa did a single discover about Mid East has got additional problems too.


Please enter your comment!
Please enter your name here