The North America vehicle tracking system market is anticipated to grow with a CAGR of 15.94% during the forecasted years of 2022 to 2030, capturing a revenue share of $20186.18 million by 2030.
NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET FORECAST 2022-2030
North America 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 North America vehicle tracking system market is anticipated to grow with a CAGR of 15.94% during the forecasted years of 2022 to 2030, capturing a revenue share of $20186.18 million by 2030.
The regional market’s growth is facilitated by the increasing demand by large-scale fleet operators as well as single-vehicle owners, significant investments in research and development activities for curating vehicle tracking systems with precise accuracy, and the growing need for better automotive customer solutions. However, the North America vehicle tracking system market is likely to be negatively impacted by environmental factors like tall infrastructures, dense areas, and heavy clouds, resulting in reduced connectivity.
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The North America vehicle tracking system market growth analysis entails a detailed study of the United States and Canada. As per the United States Department of Transportation, as of 2020, the nation accommodated and utilized over 8 million automobiles as well as trucks in fleets. Moreover, industry statistics state that a total of 276 million vehicles of all types were registered in the United States in the same year. In addition to the growing demand for automobiles, the trend of smart devices-equipped vehicles and electric vehicles is on the rise, as well. As a result, the United States is expected to be a profitable market for vehicle tracking system providers.
On the other hand, as of 2019, Canada had over 35 million vehicles, including trucks, cars, buses, and others. The significant number of vehicles in the country provides vehicle tracking system makers with lucrative opportunities to install their software platforms and devices. Canada is also one of the leading producers of light vehicles, globally. In this regard, international original equipment manufacturers (OEMs), like GM, Honda, Stellantis, Ford, and Toyota, assemble over 1.4 million vehicles at their Canadian plants every year. These players utilize advanced technology, including vehicle tracking systems, in their automobiles in order to provide customers with updated vehicles. Therefore, the abovementioned factors are expected to propel the North America vehicle tracking system market growth during the forecast years.
The North America vehicle tracking system market segmentation includes type, technology, vehicle type, end use, and component. The end use segment entails transportation & logistics, construction & manufacturing, aviation, retail, government & defense, and other end uses. In this transportation & logistics business, it is essential to possess data regarding the whereabouts of vehicles at any given time. In this regard, tracking and tracing systems enable users to view fleet vehicles’ locations in real-time from anywhere. GPD tracking devices also offer actual tracking information that can be accessed via SMS or online browsers.
Conversely, GPS tracking systems for construction equipment deliver real-time information about vehicle locations. Moreover, it also enables construction firms to track equipment at all times, including in remote areas, while helping managers make informed decisions aligning with enterprise objectives.
Leading companies operating in the North America vehicle tracking system market include Sierra Wireless Inc, Orbcomm Inc, etc.
Sierra Wireless Inc, headquartered in Canada, is involved in cloud services as well as machine-to-machine (M2M) devices. It also provides a portfolio of 4G, 3G, and 2G embedded modules and gateways incorporated with the firm’s M2M cloud services.
The company offers support for OEM customers and standards-based wireless technologies across numerous sectors. These include automotive, enterprise networking, mobile computing, transportation, energy, and healthcare.
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 States and Canada |
| 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
- NORTH AMERICA
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED STATES
- CANADA
- NORTH AMERICA
- 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 – NORTH AMERICA VEHICLE TRACKING SYSTEM
TABLE 2: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 3: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 4: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 5: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY TECHNOLOGY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 6: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY VEHICLE TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 7: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY VEHICLE TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 8: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY END USE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 9: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY END USE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 10: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 11: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY COMPONENT, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 12: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY HARDWARE COMPONENTS, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 13: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY HARDWARE COMPONENTS, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 14: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY SOFTWARE COMPONENTS, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 15: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY SOFTWARE COMPONENTS, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 16: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 17: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 18: KEY PLAYERS OPERATING IN NORTH AMERICA 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: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, GROWTH POTENTIAL, BY TYPE, IN 2021
FIGURE 6: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY ACTIVE, 2022-2030 (IN $ MILLION)
FIGURE 7: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY PASSIVE, 2022-2030 (IN $ MILLION)
FIGURE 8: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2021
FIGURE 9: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY GPS/SATELLITE, 2022-2030 (IN $ MILLION)
FIGURE 10: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY GPRS/CELLULAR, 2022-2030 (IN $ MILLION)
FIGURE 11: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY DUAL MODE, 2022-2030 (IN $ MILLION)
FIGURE 12: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2021
FIGURE 13: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY PASSENGER VEHICLE, 2022-2030 (IN $ MILLION)
FIGURE 14: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY LIGHT COMMERCIAL VEHICLES, 2022-2030 (IN $ MILLION)
FIGURE 15: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY HEAVY COMMERCIAL VEHICLES, 2022-2030 (IN $ MILLION)
FIGURE 16: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, GROWTH POTENTIAL, BY END USE, IN 2021
FIGURE 17: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY TRANSPORTATION & LOGISTICS, 2022-2030 (IN $ MILLION)
FIGURE 18: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY CONSTRUCTION & MANUFACTURING, 2022-2030 (IN $ MILLION)
FIGURE 19: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY AVIATION, 2022-2030 (IN $ MILLION)
FIGURE 20: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY RETAIL, 2022-2030 (IN $ MILLION)
FIGURE 21: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY GOVERNMENT & DEFENSE, 2022-2030 (IN $ MILLION)
FIGURE 22: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY OTHER END USES, 2022-2030 (IN $ MILLION)
FIGURE 23: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2021
FIGURE 24: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY HARDWARE, 2022-2030 (IN $ MILLION)
FIGURE 25: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, GROWTH POTENTIAL, BY HARDWARE COMPONENTS, IN 2021
FIGURE 26: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY OBD DEVICE/TRACKER & ADVANCE TRACKER, 2022-2030 (IN $ MILLION)
FIGURE 27: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY STANDALONE TRACKER, 2022-2030 (IN $ MILLION)
FIGURE 28: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY SOFTWARE, 2022-2030 (IN $ MILLION)
FIGURE 29: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, GROWTH POTENTIAL, BY SOFTWARE COMPONENTS, IN 2021
FIGURE 30: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY PERFORMANCE MEASUREMENT, 2022-2030 (IN $ MILLION)
FIGURE 31: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY VEHICLE DIAGNOSTICS, 2022-2030 (IN $ MILLION)
FIGURE 32: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY FLEET ANALYTICS & REPORTING, 2022-2030 (IN $ MILLION)
FIGURE 33: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY DRIVER BEHAVIOR MONITORING, 2022-2030 (IN $ MILLION)
FIGURE 34: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, BY OTHER SOFTWARE, 2022-2030 (IN $ MILLION)
FIGURE 35: NORTH AMERICA VEHICLE TRACKING SYSTEM MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)
FIGURE 36: UNITED STATES VEHICLE TRACKING SYSTEM MARKET, 2022-2030 (IN $ MILLION)
FIGURE 37: CANADA VEHICLE TRACKING SYSTEM MARKET, 2022-2030 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED STATES
- CANADA
- NORTH AMERICA
- 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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