Africa’s Vehicle Tracking System Market Statistics 2020-2027
The Africa vehicle tracking system market was valued at $8.99 million in 2019, and is projected to reach $26.53 million by 2027, registering a CAGR of 14.9% from 2020 to 2027.
With the advent in COVID-19 pandemic across the globe, the Africa vehicle tracking system market has been affected as the vehicle tracking manufacturing units have been shut down due to the imposed lockdown in major countries across the region. In addition, the unavailability of skilled labor has affected the market growth. However, the vehicle tracking system market in Africa is expected to register a significant growth in the near future, owing to its rising technology adoptions.
Major Market Players:
- AT&T INC.
- CARTRACK HOLDINGS LIMITED
- CONTINENTAL AG
- GEOTAB INC.
- .INSEEGO CORP.
- ROBERT BOSCH GMBH
- TOMTOM, INC.
- VERIZON COMMUNICATION INC.
Vehicle tracking systems are used for checking and controlling the vehicle development, utilizing GPS, mobiles, PCs, equipment interface, and other devices. The system developed for monitoring and controlling the vehicle movement using various technologies such as GPS, mobiles, computers, and hardware interface, among others, is known as vehicle tracking system. This solution takes into loop the different aspects such as GPS, GSM/ GPRS, digital maps, specialized software, and so on.
The vehicle tracking systems market is segmented on the basis of type, vehicle type, application, industry vertical, and region. Based on type, the market is categorized into active and passive. By type of vehicle, it is divided into commercial vehicles and passenger vehicles. By application, it is fragmented into mobile tracking, cellular tracking, and satellite tracking.
In terms of Africa’s vehicle tracking system industry vertical, it is segregated into transport & logistics, construction & manufacturing, aviation, retail, government, mining, farming, and others. Country wise, it is analyzed across Zimbabwe, Zambia, Malawi, Botswana, Mozambique, Democratic Republic of Congo (DRC), Kenya, Tanzania, Rwanda, Uganda, Ghana, Nigeria, Cameron, Senegal, Angola, Ethiopia, Ivory Coast, and Togo.
The key factors that impact the growth of the Africa vehicle tracking system market include rise in adoption of intelligent transport systems, safety and security concern within transportation services, increase in fleet operations especially in the emerging markets, increase in choices creating market shifts, winning new customer segments from diverse industry verticals, and emergence of 5G into vehicle connectivity. Each of these factors is anticipated to have a definite impact on the growth of the Africa vehicle tracking system market during the forecast period.
Intelligent transport system becomes the indispensable component among all, with the creation of a smart city transforming cities into electronic societies, making the lives of its citizens simple in every aspect. Mobility is a key concern in any city; whether it be attending school, university, and office or to travel within the city using transportation systems. Using an intelligent transportation system, citizens can save time and make the city even smarter. By minimizing traffic problems, intelligent transport system intents to achieve traffic efficiency. It provides prior traffic information, local convenience real-time running information, and seat availability, which reduces the travel time for the commuters and improve their safety and comfort. The new application of intelligent transport system is based entirely on data collection, analysis, and utilization of quantitative actual results in traffic management operations, control, and research concepts where location plays an important role. Accordingly, in the future years to come, the sales of vehicle tracking systems is correlated to the intelligent transport system infrastructural development.
Similar Report We Have on Vehicle Tracking System Industry:
Fuel-Cell Electric Vehicle Insulation Market by Insulation Type (Acoustic, Thermal, and Electrical), Product Type (Thermal Interface Material, Ceramic, and Foamed Plastic), and Application (Battery Pack, Under the Bonnet, Interiors, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027
LEO and GEO Satellite Market by Types (Low Earth Orbit (LEO) and Geostationary Earth Orbit (GEO)) and Application (Communication & Navigation, Remote Sensing, Surveillance, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027
Nanosatellite and Microsatellite Market by Component (Data Processing, Hardware, Launch Services, and Software), Mass (11–100kg (Microsatellites) and 1–10kg (Nanosatellites)), Application (Academic Training, Communication, Earth Observation & Remote Sensing, Mapping & Navigation, and Others), and Industry Vertical (Civil, Commercial, Defense, Energy & Infrastructure, Government, and Maritime & Transportation): Global Opportunity Analysis and Industry Forecast, 2020–2027
About Allied Market Research
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.