Vehicle Tracking System Market Report and Forecast 2025-2034

Key Trends in the Market

A vehicle tracking system uses GPS satellites and GPS servers to provide accurate information about a vehicle’s location. GPS satellites are connected to GPS tracking devices installed in the vehicle. Their prime task is to gather information on driving hours, date and time, and excessive speeding, and transmit this information over wireless networks to the GPS server. When individuals connect with the server on their computers, they can easily see the vehicle's location in real-time.

• One of the key vehicle tracking system market trends is the robust growth of the automotive industry. Moreover, increasing fleet operations are prompting stakeholders to adopt vehicle tracking systems for route optimisation, improved safety, asset tracking, enhanced productivity, and reduced downtime.

• With growing investments  in the development of autonomous and semi-autonomous vehicles, the installation of tracking systems such as GPS to ensure their safe navigation on the road is rising. In June 2023, Zero, an AI-based startup from Bangalore, created India’s first fully autonomous car called zPod.

• With the increasing prominence of ridesharing companies like Ola and Uber as well as packaging and moving companies like Porter and HCL, monitoring passenger safety and selecting the right route have emerged as leading priorities for profitability and customer satisfaction. Hence, the increasing demand for smart vehicles, equipped with GPS and other real-time location-sharing capabilities, is expected to fuel the vehicle tracking system market demand in the forecast period.

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Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Market Segmentation

Market Share by End Use

As per the vehicle tracking system market analysis, the transportation and logistics sector accounts for a significant share in the market due to emergence of local ridesharing and carpooling companies across different countries. Vehicle tracking devices are widely used to monitor fuel consumption and vehicle safety to ensure a safe travel experience for passengers.

With advancements in technology, the utilisation of vehicle tracking systems by logistics and transportation companies to locate their vehicles, optimise resources, ensure quality service, and enhance driver performance is anticipated to rise in the coming years.

Market Share by Region

The Asia Pacific, which includes countries like India, China, and Thailand, is expected to occupy a substantial vehicle tracking system market share due to growing sales of passenger and commercial vehicles. The increasing focus on vehicle safety and security is also propelling the demand for vehicle tracking systems in the region.

Moreover, the Asia Pacific is witnessing a significant growth in sectors like logistics, which is surging the requirement for efficient tracking of vehicles’ locations to ensure timely delivery of goods and services to people. Meanwhile, the increasing popularity of ridesharing platforms in regions like North America, Europe, Latin America, and the Middle East and Africa is expected to favour the market demand in the forecast period.

Competitive Landscape

Other key vehicle tracking system market players are CalAmp, Trackimo Inc., TELTONIKA IoT Group, Tom Tom International BV, Xirgo Technologies LLC (Sensata Technologies, Inc.), Vontier Corporation, and Laipac Technologies Inc., among others.