The Europe vehicle tracking system market is projected to develop with a CAGR of 15.01% in terms of revenue over the forecast period of 2022 to 2030, reaching a revenue share of $17106.16 million by 2030.
EUROPE VEHICLE TRACKING SYSTEM MARKET FORECAST 2022-2030
Europe Vehicle Tracking System Market by Type (Active, Passive) Market by Technology (Gps/satellite, Gprs/cellular, Dual Mode) Market by Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles) Market by End Use (Transportation & Logistics, Construction & Manufacturing, Aviation, Retail, Government & Defense, Other End Uses) Market by Component (Hardware, Software, Other Software) By Geography
The Europe vehicle tracking system market is projected to develop with a CAGR of 15.01% in terms of revenue over the forecast period of 2022 to 2030, reaching a revenue share of $17106.16 million by 2030.
The market growth of the region is reinforced by the surge in production and sales of various automobiles such as cars as well as commercial vehicles, the expansion of the manufacturing sector, and the rising number of industries with an increased need for high-performance vehicle tracking systems. However, the Europe vehicle tracking system market may face challenges like the declining prices of oil and reduced investment in oil & gas production.
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The Europe vehicle tracking system market growth evaluation comprises the study of the United Kingdom, France, Poland, Germany, Belgium, Italy, and Rest of Europe. According to the statistics issued by the United Kingdom’s department of transport, Great Britain had more than 29 million licensed vehicles as of September 2021. Moreover, fleet operations in the region are on the rise, as well. In this regard, numerous fleet operators in the United Kingdom, including Centrica, Openreach, Royal Mail, and others, collectively manage over 85,000 vehicles utilized for logistics operations. The overall proliferating market emphasizes the need for vehicle tracking systems since it enables fleet operators to better manage their activities, while satisfying the security concerns of automobile owners. As a result, the demand for vehicle tracking systems is set to observe significant growth in the country.
On the other hand, as of 2021, 3.2 million vehicles, including vans, cars, trucks, and buses, were manufactured in Germany. The increasing number of vehicles in the country presents vehicle tracking system makers with lucrative opportunities to sell their products and services. Germany is also home to several leading players like Bosch GmbH and Continental AG, and this factor, subsequently, attracts considerable investment and drives major industry changes. Aligning with this, in 2021, Continental AG introduced a platform called ContiConnect Live. The technology enhances fleet management by accumulating data from tires in order to deliver innovative, real-time monitoring. Hence, these factors are expected to propel the vehicle tracking system market growth in Europe during the forecast period.
The Europe vehicle tracking system market is segmented into type, technology, vehicle type, end use, and component. The technology segment comprises GPS/satellite, dual mode, and GPRS/cellular. Satellite-based tracking system utilizes satellites orbiting space. Trucking, as well as shipping companies, are inclined towards satellite-based tracking, despite the device and monthly fees being expensive for operating systems. This is mainly due to the fact that it provides in-depth reports and real-time updates on enterprise employees and fleets.
Conversely, a dual-mode GPS tracking gadget entails inbuilt dual-mode communications that can connect to different assets via satellite services and cellular networks. Furthermore, in order to facilitate seamless communication while eliminating cellular network blind spots, dual-mode tracking devices incorporate the use of cellular capacity with dependable satellite coverage.
Key players operating in the Europe vehicle tracking system market are Robert Bosch GmbH, TomTom NV, etc.
Robert Bosch GmbH, headquartered in Germany, is an international company engaged in industrial technology, consumer goods, and energy and building technology solutions. Its product portfolio covers heating systems, accessories, power tools, eBike systems, security systems, household appliances, and solar inverters. Moreover, the company also provides business process management solutions, packaging technology, and industry solutions.
Report Synopsis
| Report Scope | Details |
| Market Forecast Years | 2022-2030 |
| Base Year | 2021 |
| Market Historical Years | 2018-2021 |
| Forecast Units | Revenue ($ Million) |
| Segments Analyzed | Type, Technology, Vehicle Type, End Use, Component |
| Countries Analyzed | The United Kingdom, France, Poland, Germany, Belgium, Italy, and Rest of Europe |
| Companies Analyzed |
TomTom NV, Sierra Wireless Inc, ORBCOMM Inc, Verizon Communications Inc, Xirgo Technologies LLC, Trackimo, Continental AG, Robert Bosch GmbH, Geotab Inc, Inseego Corp, Samsara Inc, CalAmp Corporation, Concox Information Technology Co Ltd, Solera Inc |
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- MARKET DYNAMICS
- KEY DRIVERS
- RISE IN FLEET OPERATIONS
- SAFETY CONCERNS OF VEHICLE OWNERS
- KEY RESTRAINTS
- CYBER SECURITY THREATS
- BATTERY FAILURE AND SIGNAL ISSUES
- KEY DRIVERS
- KEY ANALYTICS
- IMPACT OF COVID-19 ON VEHICLE TRACKING SYSTEM MARKET
- KEY MARKET TRENDS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- MARKET BY TYPE
- ACTIVE
- PASSIVE
- MARKET BY TECHNOLOGY
- GPS/SATELLITE
- GPRS/CELLULAR
- DUAL MODE
- MARKET BY VEHICLE TYPE
- PASSENGER VEHICLES
- LIGHT COMMERCIAL VEHICLES
- HEAVY COMMERCIAL VEHICLES
- MARKET BY END USE
- TRANSPORTATION & LOGISTICS
- CONSTRUCTION & MANUFACTURING
- AVIATION
- RETAIL
- GOVERNMENT & DEFENSE
- OTHER END USES
- MARKET BY COMPONENT
- HARDWARE
- OBD DEVICE/TRACKER & ADVANCE TRACKER
- STANDALONE TRACKER
- SOFTWARE
- PERFORMANCE MEASUREMENT
- VEHICLE DIAGNOSTICS
- FLEET ANALYTICS & REPORTING
- DRIVER BEHAVIOR MONITORING
- OTHER SOFTWARE
- HARDWARE
- GEOGRAPHICAL ANALYSIS
- EUROPE
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED KINGDOM
- GERMANY
- FRANCE
- ITALY
- BELGIUM
- POLAND
- REST OF EUROPE
- EUROPE
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- MERGERS & ACQUISITIONS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- BUSINESS EXPANSIONS & DIVESTITURES
- COMPANY PROFILES
- CALAMP CORPORATION
- CONCOX INFORMATION TECHNOLOGY CO LTD
- CONTINENTAL AG
- GEOTAB INC
- INSEEGO CORP
- ORBCOMM INC
- ROBERT BOSCH GMBH
- SAMSARA INC
- SIERRA WIRELESS INC
- SOLERA INC
- TOMTOM NV
- TRACKIMO
- VERIZON COMMUNICATIONS INC
- XIRGO TECHNOLOGIES LLC
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – EUROPE VEHICLE TRACKING SYSTEM
TABLE 2: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 3: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 4: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 5: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY TECHNOLOGY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 6: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY VEHICLE TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 7: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY VEHICLE TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 8: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY END USE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 9: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY END USE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 10: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 11: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY COMPONENT, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 12: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY HARDWARE COMPONENTS, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 13: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY HARDWARE COMPONENTS, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 14: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY SOFTWARE COMPONENTS, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 15: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY SOFTWARE COMPONENTS, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 16: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 17: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 18: KEY PLAYERS OPERATING IN EUROPE VEHICLE TRACKING SYSTEM MARKET
TABLE 19: LIST OF MERGERS & ACQUISITIONS
TABLE 20: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 21: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 22: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER’S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: EUROPE VEHICLE TRACKING SYSTEM MARKET, GROWTH POTENTIAL, BY TYPE, IN 2021
FIGURE 6: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY ACTIVE, 2022-2030 (IN $ MILLION)
FIGURE 7: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY PASSIVE, 2022-2030 (IN $ MILLION)
FIGURE 8: EUROPE VEHICLE TRACKING SYSTEM MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2021
FIGURE 9: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY GPS/SATELLITE, 2022-2030 (IN $ MILLION)
FIGURE 10: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY GPRS/CELLULAR, 2022-2030 (IN $ MILLION)
FIGURE 11: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY DUAL MODE, 2022-2030 (IN $ MILLION)
FIGURE 12: EUROPE VEHICLE TRACKING SYSTEM MARKET, GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2021
FIGURE 13: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY PASSENGER VEHICLE, 2022-2030 (IN $ MILLION)
FIGURE 14: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY LIGHT COMMERCIAL VEHICLES, 2022-2030 (IN $ MILLION)
FIGURE 15: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY HEAVY COMMERCIAL VEHICLES, 2022-2030 (IN $ MILLION)
FIGURE 16: EUROPE VEHICLE TRACKING SYSTEM MARKET, GROWTH POTENTIAL, BY END USE, IN 2021
FIGURE 17: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY TRANSPORTATION & LOGISTICS, 2022-2030 (IN $ MILLION)
FIGURE 18: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY CONSTRUCTION & MANUFACTURING, 2022-2030 (IN $ MILLION)
FIGURE 19: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY AVIATION, 2022-2030 (IN $ MILLION)
FIGURE 20: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY RETAIL, 2022-2030 (IN $ MILLION)
FIGURE 21: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY GOVERNMENT & DEFENSE, 2022-2030 (IN $ MILLION)
FIGURE 22: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY OTHER END USES, 2022-2030 (IN $ MILLION)
FIGURE 23: EUROPE VEHICLE TRACKING SYSTEM MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2021
FIGURE 24: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY HARDWARE, 2022-2030 (IN $ MILLION)
FIGURE 25: EUROPE VEHICLE TRACKING SYSTEM MARKET, GROWTH POTENTIAL, BY HARDWARE COMPONENTS, IN 2021
FIGURE 26: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY OBD DEVICE/TRACKER & ADVANCE TRACKER, 2022-2030 (IN $ MILLION)
FIGURE 27: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY STANDALONE TRACKER, 2022-2030 (IN $ MILLION)
FIGURE 28: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY SOFTWARE, 2022-2030 (IN $ MILLION)
FIGURE 29: EUROPE VEHICLE TRACKING SYSTEM MARKET, GROWTH POTENTIAL, BY SOFTWARE COMPONENTS, IN 2021
FIGURE 30: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY PERFORMANCE MEASUREMENT, 2022-2030 (IN $ MILLION)
FIGURE 31: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY VEHICLE DIAGNOSTICS, 2022-2030 (IN $ MILLION)
FIGURE 32: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY FLEET ANALYTICS & REPORTING, 2022-2030 (IN $ MILLION)
FIGURE 33: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY DRIVER BEHAVIOR MONITORING, 2022-2030 (IN $ MILLION)
FIGURE 34: EUROPE VEHICLE TRACKING SYSTEM MARKET, BY OTHER SOFTWARE, 2022-2030 (IN $ MILLION)
FIGURE 35: EUROPE VEHICLE TRACKING SYSTEM MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)
FIGURE 36: UNITED KINGDOM VEHICLE TRACKING SYSTEM MARKET, 2022-2030 (IN $ MILLION)
FIGURE 37: GERMANY VEHICLE TRACKING SYSTEM MARKET, 2022-2030 (IN $ MILLION)
FIGURE 38: FRANCE VEHICLE TRACKING SYSTEM MARKET, 2022-2030 (IN $ MILLION)
FIGURE 39: ITALY VEHICLE TRACKING SYSTEM MARKET, 2022-2030 (IN $ MILLION)
FIGURE 40: BELGIUM VEHICLE TRACKING SYSTEM MARKET, 2022-2030 (IN $ MILLION)
FIGURE 41: POLAND VEHICLE TRACKING SYSTEM MARKET, 2022-2030 (IN $ MILLION)
FIGURE 42: REST OF EUROPE VEHICLE TRACKING SYSTEM MARKET, 2022-2030 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS
- EUROPE
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED KINGDOM
- GERMANY
- FRANCE
- ITALY
- BELGIUM
- POLAND
- REST OF EUROPE
- EUROPE
- MARKET BY TYPE
- ACTIVE
- PASSIVE
- MARKET BY TECHNOLOGY
- GPS/SATELLITE
- GPRS/CELLULAR
- DUAL MODE
- MARKET BY VEHICLE TYPE
- PASSENGER VEHICLES
- LIGHT COMMERCIAL VEHICLES
- HEAVY COMMERCIAL VEHICLES
- MARKET BY END USE
- TRANSPORTATION & LOGISTICS
- CONSTRUCTION & MANUFACTURING
- AVIATION
- RETAIL
- GOVERNMENT & DEFENSE
- OTHER END USES
- MARKET BY COMPONENT
- HARDWARE
- OBD DEVICE/TRACKER & ADVANCE TRACKER
- STANDALONE TRACKER
- SOFTWARE
- PERFORMANCE MEASUREMENT
- VEHICLE DIAGNOSTICS
- FLEET ANALYTICS & REPORTING
- DRIVER BEHAVIOR MONITORING
- OTHER SOFTWARE
- HARDWARE
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