Vehicle Tracking Market Growth Prospects in Logistics & Transportation 2032

Vehicle Tracking Market Overview

The Vehicle Tracking Market is witnessing significant growth, driven by cost-efficiency, sustainability concerns, and increasing demand across commercial and passenger vehicle segments. The market size was valued at USD 27.43 Billion in 2024 and the total Vehicle Tracking revenue is expected to grow at a CAGR of 14% from 2025 to 2032, reaching nearly USD 78.27 Billion.

This comprehensive report empowers stakeholders with strategic insights and data-driven decision-making tools. It provides an in-depth understanding of current industry dynamics, independent of production methods or cost structures, enabling businesses to stay competitive and size growth opportunities.

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Vehicle Tracking Market Report Scope and Research Methodology

The report evaluates market trends, segment performance, and key players’ strategies using a mix of primary (industry expert interviews, surveys) and secondary research. A bottom-up approach was used to estimate global and regional market sizes. Key components include:

• SWOT analysis of major players

• Pricing trends, trade statistics, and gross margins

• Supply-demand assessments

Vehicle Tracking Market Segmentation

by Component

Hardware
Software

by Vehicle Type

Passenger Vehicles
Commercial Vehicles

by Technology

GPS/Satellite
GPRS/Cellular Network
Dual Mode

by End-User

Transportation & Logistic
Construction & Manufacturing
Aviation
Retail
Government & Defense
Other

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Vehicle Tracking Market Regional Insights

The report offers region-specific insights covering:

• North America

• Europe

• Asia Pacific

• Middle East & Africa

• South America

Each region is analyzed for its regulatory framework, market trends, and growth opportunities, supporting the development of localized strategies.

 Vehicle Tracking Market Key Players

North America:
1.VerizonCommunications Inc. (USA)
2. Geotab Inc. (Canada)
3. CalAmp (USA)
4. ORBCOMM Inc. (USA)
5. Xirgo Technologies, LLC (USA)
6. Spireon Inc. (USA)
7. Inseego Corp. (USA)
8. Fortive Corporation (Everett, Washington, USA)
9. AT&T Inc. (USA)
10. Laipac Technology Inc. (Canada)
11. Trackimo Inc. (New York, USA)
12. CalAmp (USA)
Europe:
13. TomTom International B.V. (Netherlands)
14. Teltonika (Vilnius, Lithuania)
15. Continental AG (Hanover, Germany)
16. Robert Bosch GmbH (Gerlingen, Germany)
17. other
APAC:
1. Denso Corporation (Japan)
2. NEC Corporation
3. Cartrack
4. Other

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Key Report Highlights

• Market Size, Share, and Forecast (2025–2032)

• Industry Drivers, Restraints, and Opportunities

• Detailed Segmentation Analysis

• Regional and Global Market Trends

• Competitive Landscape with Company Profiles

 About Maximize Market Research:

Maximize Market Research is a diversified market research and consulting firm with expertise across multiple industries, including medical devices, pharmaceuticals, engineering, electronics, industrial equipment, technology, automotive, chemicals, consumer goods, beverages, personal care, and automation systems. Our services include market-validated forecasts, technical trend analysis, strategic advisory, competitive benchmarking, production-demand evaluation, and customer impact studies.

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