The Europe Vehicle Tracking Systems Market Size would witness market growth of 18.0% CAGR during the forecast period (2018 – 2024).
A vehicle tracking system is the system that, with the help of GPS satellites, enables tracking and controlling vehicles via an online computer, smartphone, tablet, etc. on a 24/7 basis. Vehicle tracking systems enable instantaneous, historical tracking of vehicle speeds, the routes they traveled, stops, and idling times on maps with past and present reports. Vehicle tracking system is a technology used in the acquisition of real-time vehicle locations data by means of a mobile network or GPS technology. The system consists of a positioning device, software and sometimes a view sensor.
Although the European market is in its mature phase, due to two main vehicle tracking systems market trends; it is expected to show considerable growth in the near future. One is the rise in self-driving vehicle penetration and the rise in shared transportation trend. Another factor contributing to market growth in this region is the growing focus on green fleet that can be achieved through proper vehicle maintenance tracking and reporting.
Based on Type, the market is segmented into Active and Passive. Based on Vehicle Type, the market is segmented into Passenger Vehicles and Commercial Vehicles. Based on Tracking Mode, the market is segmented into Cellular Tracking, Satellite Tracking and Mobile Tracking. Based on End User Vertical, the market is segmented into Transportation & Logistics, Aviation, Retail, Government and Others (Construction, Healthcare and others). Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cartrack Holdings Limited, Spireon Inc., Inseego Corp., Fortive Corporation (Teletrac Navman US Ltd), AT&T Inc., Continental AG, Robert Bosch GmbH, Verizon Communications Inc., Geotab Inc., and TomTom Inc.
Scope of the Study
Market Segmentation:
By Type
By Vehicle Type
By Tracking Mode
By Vertical
By Country
Companies Profiled
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