Global Automotive Stolen Vehicle Tracking Software Market, By Technology (Ultrasonic, RFID, Others), Component (UIP, BBS, Central Locking System, ACDS, ADRS, Remote Keyless Entry System), Vehicle (Passenger Car, LCV, HCV, Electric Vehicle), Sales Channel (OEM, Aftermarket), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Automotive Stolen Vehicle Tracking Software Market
Data Bridge Market Research analyses that the automotive stolen vehicle tracking software market would exhibit a CAGR of 8.60% for the forecast period.
A vehicle tracking software uses the global positioning system (GPS) or a cellular network to track and monitor a vehicle's activities. Vehicle tracking and remote monitoring, vehicle diagnostics, vehicle maintenance, route optimization, fuel management, driver management, and safety management are all part of the software. GPS, GSM/GPRS, and digital maps are all used in vehicle tracking systems.
The rising adoption of tracking software will influence the growth rate of automotive stolen vehicle tracking software market during the forecast period of 2022-2029. The automotive stolen vehicle tracking software market is likely to grow significantly due to the rising incidences of vehicle thefts. Also, the easy availability of advanced features in both standard and premium vehicles contributes to the growth rate of the automotive stolen vehicle tracking software market. Furthermore, rise in infrastructure development and high demand for improving vehicle security are the major market drivers that will positively impact the market's growth rate. Some of the factors, such as the rapid surge in the level of disposable income and rising urbanization will further propel the market's growth rate. The rising investment by various industries on automotive telematics will cushion the growth of automotive stolen vehicle tracking software market.
Moreover, increasing awareness amongst people about the benefits associated with newer technology will carve beneficial opportunities for the growth of automotive stolen vehicle tracking software market. Additionally, an increase in the number of research and development activities and emerging new markets will act as a significant market driver and further boost new opportunities for the market's growth.
However, high cost of production will hamper the revenue growth of the automotive stolen vehicle tracking software market. The dearth of awareness and lack of skilled workforce will pose major challenges for the growth of automotive stolen vehicle tracking software market. Also, technological barriers and the severe impact of COVID-19 on manufacturing as well as supply chain operations of various industries will act as major market restrain that will further hinder the growth of automotive stolen vehicle tracking software market during the above-mentioned forecast period.
This automotive stolen vehicle tracking software market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automotive stolen vehicle tracking software market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automotive Stolen Vehicle Tracking Software Market Scope and Market Size
The automotive stolen vehicle tracking software market is segmented on the basis of technology, component, vehicle and sales channel. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Automotive stolen vehicle tracking software market on the basis of technology has been segmented as ultrasonic, RFID, and others.
- Based on component, automotive stolen vehicle tracking software market has been segmented into UIP, BBS, central locking system, ACDS, ADRS, and remote keyless entry system.
- On the basis of vehicle, automotive stolen vehicle tracking software market has been segmented into passenger car, LCV, HCV, and electric vehicle.
- On the basis of sales channel, automotive stolen vehicle tracking software market has been segmented into OEM, and aftermarket.
Automotive Stolen Vehicle Tracking Software Market Country Level Analysis
The automotive stolen vehicle tracking software market is segmented on the basis of technology, component, vehicle and sales channel.
The countries covered in the automotive stolen vehicle tracking software market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the automotive stolen vehicle tracking software market during forecast period of 2022-2029 due to the growth of the automotive sector and the surging adoption of advanced tracking software in India and China.
The country section of the automotive stolen vehicle tracking software market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Automotive Stolen Vehicle Tracking Software Market Share Analysis
The automotive stolen vehicle tracking software market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive stolen vehicle tracking software market.
Some of the major players operating in the automotive stolen vehicle tracking software market are Robert Bosch GmbH, Lear, VALEO, Continental AG, DENSO CORPORATION., OMRON Corporation, ZF Friedrichshafen AG, Johnson Electric Holdings Limited, TOKAIRIKA,CO, LTD., Mitsubishi Electric Corporation, HELLA GmbH & Co. KGaA, ALPS ALPINE CO., LTD., Cartrack, and AT&T Intellectual Property, among others.
Recent Development
- In December 2021, Volvo had launched a new vehicle tracking accessory named Vodafone Automotive VTS S5. The Volvo safety device's tracking function can pinpoint a car's location to within 10 meters. When the driver carries a small card, the tracking system automatically recognizes it, and partner Vodafone Automotive is notified promptly if the car is driven without it.
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