Global Vehicle Tracking Systems Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Vehicle Type;

Passenger, Light Commercial and Heavy Commercial

By Component;

Hardware and Software

By Type;

Active and Passive

By Technology;

GPS/Satellite, GPRS/Cellular Networks and Dual Mode

By End Use;

Transportation & Logistics, Construction & Manufacturing, Aviation, Retail, Government & Defense and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn107122126 Published Date: June, 2025 Updated Date: July, 2025

Vehicle Tracking Systems Market Overview

Vehicle Tracking Systems Market (USD Million)

Vehicle Tracking Systems Market was valued at USD 27,465.90 million in the year 2024. The size of this market is expected to increase to USD 69,150.19 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 14.1%.


Global Vehicle Tracking Systems Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 14.1 %


Study Period2025 - 2031
Base Year2024
CAGR (%)14.1 %
Market Size (2024)USD 27,465.90 Million
Market Size (2031)USD 69,150.19 Million
Market ConcentrationLow
Report Pages386
27,465.90
2024
69,150.19
2031

Major Players

  • Verizon Communications, Inc.
  • Sierra Wireless, Inc.
  • Geotab Inc.
  • Cartrack (Pty) Ltd
  • TomTom International B.V.
  • Calamp Corp
  • Teltonika UAB.
  • ORBCOMM INC.
  • Xirgo Technologies
  • LLC, Laipac Technology Inc
  • Trackimo Inc

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Vehicle Tracking Systems Market

Fragmented - Highly competitive market without dominant players


The Vehicle Tracking Systems Market is witnessing rapid expansion fueled by the demand for real-time fleet monitoring and enhanced operational efficiency. More than 60% of transport and logistics operators are now utilizing tracking systems to optimize routing and monitor vehicle activity. This growing reliance stems from the need for transparency and improved resource management.

Emergence of Smart Technologies
The integration of IoT, cloud infrastructure, and intelligent analytics is redefining how tracking systems operate. Over 55% of users have reported increased precision in location data and tracking performance. These systems now support driver analytics, predictive maintenance, and automated reporting, helping businesses streamline their operations.

Security Applications Bolstering Growth
Vehicle tracking systems are being increasingly used to prevent theft and unauthorized access. Approximately 48% of adopters cite enhanced security as a primary benefit. With features like geofencing, instant notifications, and remote vehicle lock, these systems are becoming indispensable tools for asset protection.

Growth of Scalable Service Models
Subscription-based offerings are making tracking systems more accessible to varied business sizes. More than 57% of SMEs now choose scalable, pay-as-you-go plans, avoiding large initial expenditures. This trend is accelerating market penetration and enabling continual system updates and feature expansions.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Vehicle Type
    2. Market Snapshot, By Component
    3. Market Snapshot, By Type
    4. Market Snapshot, By Technology
    5. Market Snapshot, By End Use
    6. Market Snapshot, By Region
  4. Vehicle Tracking Systems Market Trends
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Enhanced Fleet Management
        2. Rising Demand for Security Solutions
        3. Government Regulations and Compliance
        4. Increasing Adoption of Telematics Solutions
      2. Restraints
        1. Initial Investment Costs
        2. Integration Complexity
        3. Data Privacy Concerns
        4. Resistance from Employees
      3. Opportunities
        1. Rising Demand for Telematics Solutions
        2. Expansion of IoT and Connected Vehicle Ecosystem
        3. Integration with Advanced Analytics and AI
        4. Emergence of Electric and Autonomous Vehicles
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Vehicle Tracking Systems Market, By Vehicle Type, 2021 - 2031 (USD Million)
      1. Passenger
      2. Light Commercial
      3. Heavy Commercial
    2. Vehicle Tracking Systems Market, By Component, 2021 - 2031 (USD Million)
      1. Hardware
      2. Software
    3. Vehicle Tracking Systems Market, By Type, 2021 - 2031 (USD Million)
      1. Active
      2. Passive
    4. Vehicle Tracking Systems Market, By Technology, 2021 - 2031 (USD Million)
      1. GPS/Satellite
      2. GPRS/Cellular Networks
      3. Dual Mode
    5. Vehicle Tracking Systems Market, By End Use, 2021 - 2031 (USD Million)
      1. Transportation & Logistics
      2. Construction & Manufacturing
      3. Aviation
      4. Retail
      5. Government & Defense
      6. Others
    6. Vehicle Tracking Systems Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Verizon Communications, Inc.
      2. Sierra Wireless, Inc.
      3. Geotab Inc.
      4. Cartrack (Pty) Ltd
      5. TomTom International B.V.
      6. Calamp Corp
      7. Teltonika UAB.
      8. ORBCOMM INC.
      9. Xirgo Technologies, LLC
      10. Laipac Technology Inc
      11. Trackimo Inc.
  7. Analyst Views
  8. Future Outlook of the Market