Africa Vehicle Tracking System Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0186791
  • Format: Electronic (PDF)
  • Number of Pages: 184
  • Author(s): Joshi, Madhavi

Report Overview

The Africa Vehicle Tracking System Market size was estimated at USD 420 million in 2023 and is projected to reach USD 900 million by 2030, exhibiting a compound annual growth rate (CAGR) of 11.50% during the forecast period (2024-2030).

Africa Vehicle Tracking System Market

(Market Size)
$420 million
$900 million
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 11.50%
2023 Market Size USD 420 million
2030 Market Size USD 900 million
Key Players Cartrack, MiX Telematics, Ctrack, Geotab, Fleetmatics

Market Summary

The Africa vehicle tracking system market is a dynamic and rapidly evolving sector within the automotive and transportation industry, characterized by increasing adoption of telematics and GPS technologies. This growth is primarily driven by the need for enhanced fleet management, improved security against vehicle theft, and operational efficiency across various commercial and personal vehicle segments. Countries such as South Africa, Nigeria, and Kenya are at the forefront of market development, leveraging technological advancements to address logistical challenges and infrastructure gaps. The market encompasses a range of solutions including hardware devices, software platforms, and connectivity services that enable real-time monitoring, route optimization, and driver behavior analysis. Key stakeholders include fleet operators, logistics companies, insurance firms, and individual vehicle owners who utilize these systems to mitigate risks, reduce operational costs, and ensure regulatory compliance. The integration of IoT and advancements in mobile network coverage across the continent are further catalyzing market expansion, making vehicle tracking an integral component of modern transportation management in Africa.

Key Highlights

The Africa vehicle tracking system market is distinguished by several key highlights that underscore its significance and potential. A prominent trend is the shift towards integrated telematics solutions that combine tracking with additional functionalities such as fuel monitoring, maintenance alerts, and emergency response services. The market is also witnessing increased investment from both local and international players, leading to enhanced product offerings and competitive pricing. Another critical aspect is the rising emphasis on data analytics, where tracking systems are not just used for location monitoring but also for generating actionable insights to improve fleet productivity and safety. Regulatory initiatives in various African nations mandating the installation of tracking devices in commercial vehicles to combat theft and enhance public safety are providing a substantial boost to market penetration. Moreover, the proliferation of affordable smartphones and mobile apps has made tracking solutions more accessible to a broader audience, including small and medium enterprises. Partnerships between technology providers and mobile network operators are facilitating the deployment of reliable and cost-effective services across urban and rural areas, thereby addressing connectivity challenges and expanding market reach.

Drivers, Opportunities & Restraints

The growth of the Africa vehicle tracking system market is propelled by several drivers, including the escalating need for vehicle security and the rising incidence of auto theft across the continent. The expansion of the logistics and transportation sector, coupled with the increasing number of commercial vehicles, is further stimulating demand for efficient fleet management solutions. Opportunities abound in the form of untapped rural markets, where the adoption of tracking technologies is still nascent but holds significant potential due to growing agricultural and mining activities that require asset monitoring. The emergence of startups focusing on innovative and affordable tracking solutions tailored to local needs presents another avenue for market growth. However, the market faces restraints such as high initial installation costs, which can be a barrier for small fleet operators and individual users. Limited internet connectivity and unreliable power supply in certain regions also pose challenges to the seamless operation of tracking systems. Additionally, concerns regarding data privacy and the lack of standardized regulations across different countries may hinder market expansion. Despite these challenges, the ongoing improvements in telecommunications infrastructure and increasing awareness about the benefits of vehicle tracking are expected to mitigate these restraints over time.

Concentration Insights

The Africa vehicle tracking system market exhibits a varied concentration of players and adoption rates across different regions and segments. South Africa represents a mature market with a high penetration rate, driven by well-established telematics companies and stringent security requirements. Nigeria follows as a key market, fueled by its large vehicle population and growing focus on combating fuel theft and improving logistics efficiency. Kenya is emerging as a significant hub, with innovations in mobile-based tracking solutions gaining traction among matatu and bus operators. The market concentration is also evident in the competitive landscape, where major players such as Cartrack, MiX Telematics, and Global Tracking Group dominate with comprehensive offerings, while numerous local providers cater to specific regional needs. The commercial vehicle segment, including trucks, buses, and taxis, accounts for a substantial share of the market due to the critical need for operational control and cost management. In contrast, the personal vehicle segment is growing steadily, particularly in urban areas where security concerns are paramount. The concentration of advanced tracking technologies is higher in countries with better infrastructure, but efforts are being made to extend services to less developed regions through partnerships and customized solutions.

Type Insights

The Africa vehicle tracking system market can be segmented based on type into active and passive tracking systems, each catering to distinct user requirements. Active tracking systems, also known as real-time tracking, are highly prevalent due to their ability to provide continuous location updates and immediate alerts, making them ideal for security-sensitive applications and dynamic fleet management. These systems rely on GPS technology and cellular networks to transmit data to a central server, enabling users to monitor vehicles remotely via web or mobile interfaces. Passive tracking systems, on the other hand, store location data internally and require physical retrieval for analysis, which makes them more suitable for historical route mapping and compliance reporting rather than real-time monitoring. The market is also seeing a rise in the adoption of hybrid systems that combine features of both types, offering flexibility and cost-efficiency. Additionally, advancements in hardware have led to the development of compact and durable tracking devices with extended battery life and enhanced functionality, such as integrated sensors for monitoring fuel levels, engine health, and driver behavior. The choice between active and passive systems often depends on factors like budget constraints, specific use cases, and the availability of reliable network coverage in the operating region.

Application Insights

In the Africa vehicle tracking system market, applications are diverse and span across various sectors including transportation and logistics, construction, mining, and personal use. The transportation and logistics segment is the largest adopter, utilizing tracking systems to optimize routes, reduce fuel consumption, ensure timely deliveries, and enhance overall fleet efficiency. Construction and mining companies employ these systems to monitor heavy equipment and vehicles, preventing theft and unauthorized use while improving asset utilization and maintenance scheduling. In the personal vehicle segment, tracking systems are primarily used for security purposes, providing peace of mind to owners through features like geofencing, anti-theft alarms, and remote immobilization. Insurance companies are also increasingly promoting the use of tracking devices to offer customized premiums based on driving behavior and vehicle usage patterns. Furthermore, public transportation agencies in cities like Nairobi and Lagos are integrating tracking solutions to manage bus fleets, improve scheduling, and enhance passenger safety. The application of vehicle tracking is expanding into new areas such as agricultural machinery monitoring and emergency services, where real-time location data is critical for operational effectiveness and rapid response.

Regional Insights

The Africa vehicle tracking system market demonstrates distinct regional variations influenced by economic development, infrastructure, and regulatory frameworks. South Africa leads the market with advanced adoption rates, supported by a robust telecommunications network, high awareness of vehicle security, and the presence of major tracking solution providers. Nigeria is a rapidly growing market, driven by its large population, expanding logistics sector, and initiatives to reduce vehicle-related crimes. Kenya stands out for its innovative approach, with mobile technology playing a pivotal role in the deployment of affordable tracking services, particularly in the public transport sector. East African nations like Tanzania and Uganda are witnessing gradual growth, fueled by increasing commercial activities and investments in transportation infrastructure. In North Africa, countries such as Egypt and Morocco are emerging as promising markets due to rising automotive sales and government efforts to modernize fleet operations. West Africa, including Ghana and C?te d'Ivoire, is experiencing steady demand, especially from the oil and gas industry which requires stringent asset monitoring. Southern African countries beyond South Africa, such as Zambia and Zimbabwe, are also adopting tracking systems, albeit at a slower pace, primarily focused on mining and agricultural applications. Overall, regional growth is shaped by local challenges and opportunities, with connectivity and economic stability being key determinants of market penetration.

Company Insights

The competitive landscape of the Africa vehicle tracking system market features a mix of international giants and regional specialists, each striving to capture market share through innovation and tailored solutions. Prominent players include Cartrack, which offers a comprehensive suite of telematics services across multiple African countries, emphasizing theft recovery and fleet management. MiX Telematics is another key competitor, providing advanced analytics and driver safety solutions to a global clientele with a strong presence in South Africa and beyond. Global Tracking Group operates extensively in West Africa, delivering customized tracking systems for corporate and individual users. Local companies such as Fleetroot in Nigeria and Netstar in South Africa are gaining traction by addressing specific regional needs and offering cost-effective alternatives. These players compete on factors like technology reliability, customer service, pricing, and the ability to integrate with other business systems. Strategic partnerships with mobile network operators, insurance companies, and automotive dealers are common, enhancing distribution channels and service delivery. The market is also seeing entry from tech startups that leverage AI and machine learning to provide predictive analytics and enhanced user experiences. As competition intensifies, companies are focusing on differentiating their offerings through unique features such as fuel monitoring, eco-driving reports, and seamless mobile app integration to meet the evolving demands of African consumers and businesses.

Recent Developments

Recent developments in the Africa vehicle tracking system market highlight a trend towards technological innovation and strategic expansions. Companies are increasingly incorporating artificial intelligence and machine learning algorithms to offer predictive maintenance and advanced driver behavior analysis, moving beyond basic tracking functionalities. There has been a surge in the development of solar-powered tracking devices to address power supply challenges in remote areas, ensuring uninterrupted operation. Partnerships between tracking solution providers and mobile operators have intensified, leading to improved data connectivity and reduced service costs, making tracking more accessible. For instance, collaborations have enabled the introduction of low-data usage apps and SMS-based alerts for regions with limited internet access. Additionally, mergers and acquisitions are occurring as larger firms seek to consolidate their market position and acquire niche technologies; an example includes international players acquiring local startups to gain footholds in specific countries. Regulatory developments are also shaping the market, with governments in countries like Kenya and South Africa implementing standards for tracking system certifications to ensure quality and reliability. The integration of IoT sensors for monitoring cargo conditions, such as temperature and humidity, is another emerging trend, particularly relevant for the transportation of perishable goods and pharmaceuticals. These developments reflect a market that is rapidly evolving to meet diverse and complex needs across the African continent.

Report Segmentation

This report on the Africa vehicle tracking system market provides a detailed segmentation to offer comprehensive insights into various aspects of the industry. The market is segmented by type into active and passive tracking systems, with active systems further categorized based on technology such as GPS, GSM, and dual-mode devices. By application, the segmentation includes transportation and logistics, construction and mining, government and defense, and personal vehicles, each analyzed for their specific demands and growth potential. The report also segments the market by vehicle type, covering passenger cars, light commercial vehicles, and heavy commercial vehicles, highlighting the unique requirements and adoption patterns in each category. Geographically, the market is divided into key regions such as Southern Africa, East Africa, West Africa, North Africa, and Central Africa, with country-level analysis for major markets like South Africa, Nigeria, Kenya, and Egypt. Additionally, the segmentation encompasses components, including hardware, software, and services, detailing the market dynamics for each element. This structured approach enables a thorough understanding of market trends, competitive landscape, and opportunities across different segments, providing stakeholders with actionable intelligence to make informed decisions.

FAQs

What is a vehicle tracking system? A vehicle tracking system is a technology that uses GPS and other telematics tools to monitor and record the location, movement, and status of a vehicle. These systems provide real-time or historical data, enabling users to enhance security, improve fleet management, and optimize operational efficiency.

How does a vehicle tracking system work? Vehicle tracking systems work by installing a device in the vehicle that communicates with GPS satellites to determine its precise location. This data is then transmitted via cellular or satellite networks to a central server, where it is processed and made accessible to users through software applications or web platforms for monitoring and analysis.

What are the benefits of using a vehicle tracking system? The benefits include increased security through theft prevention and recovery, reduced fuel costs via route optimization, improved driver safety by monitoring behavior, enhanced operational efficiency through better fleet management, and compliance with regulatory requirements through accurate reporting and documentation.

Which countries in Africa have the highest adoption of vehicle tracking systems? South Africa, Nigeria, and Kenya have the highest adoption rates due to factors such as advanced infrastructure, high vehicle theft rates, growing logistics sectors, and supportive regulatory environments that encourage the use of tracking technologies.

What types of vehicles use tracking systems? Tracking systems are used in a wide range of vehicles including passenger cars for personal security, light commercial vehicles for delivery services, heavy trucks and buses for fleet management, and specialized equipment in industries like construction and mining for asset monitoring.

Are vehicle tracking systems expensive? The cost varies based on the type of system, features, and service plans. Basic passive systems are generally more affordable, while advanced real-time systems with additional functionalities may involve higher initial investment and subscription fees, but they often lead to significant cost savings through improved efficiency and security.

Citius Research has developed a research report titled “Africa Vehicle Tracking System Market Report - Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Africa Vehicle Tracking System Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Africa Vehicle Tracking System Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Africa Vehicle Tracking System Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Africa Vehicle Tracking System Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Africa Vehicle Tracking System Market
• Research Methodology
• Executive Summary
• Market Dynamics of Africa Vehicle Tracking System Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Africa Vehicle Tracking System Market
• Cost and Gross Margin Analysis of Africa Vehicle Tracking System Market
• Africa Vehicle Tracking System Market Report - Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Africa Vehicle Tracking System Market Report - Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Africa Vehicle Tracking System Market Key Stakeholders

Below are the key stakeholders for the Africa Vehicle Tracking System Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Africa Vehicle Tracking System Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Africa Vehicle Tracking System Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Africa Vehicle Tracking System Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Africa Vehicle Tracking System Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Africa Vehicle Tracking System Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Africa Vehicle Tracking System Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Africa Vehicle Tracking System Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Africa Vehicle Tracking System Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Africa Vehicle Tracking System Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Africa Vehicle Tracking System Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Africa Vehicle Tracking System Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Africa Vehicle Tracking System Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Africa Vehicle Tracking System Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Africa Vehicle Tracking System Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Africa Vehicle Tracking System Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Africa Vehicle Tracking System Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Africa Vehicle Tracking System Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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