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.
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 major companies profiled in the Africa vehicle tracking system market share include AT&T Inc., Cartrack Holdings Limited, Continental AG, Geotab Inc., Inseego Corp., ORBCOMM, Robert Bosch GmbH, Ruptela, TomTom International N.V., Verizon Communications Inc., Frotcom, Tramigo, Teltonika, Nsoroma, and Geo Tracking.
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.
COVID Impact Analysis: 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 globe. 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.
Top Impacting Factors
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.
By Type
Passive segment is projected as the most lucrative segments
Rise in adoption of intelligent transport systems
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.
By Application
Satellite tracking segment is projected as the most lucrative segments
Safety and security concern within transportation services
Safety is a major concern for passengers especially women who use public and private transport. Women have a greater sense of freedom and travel to places that they have not previously been able to access with usage of cabs. Cab services such as Ola and Uber find improving numbers in terms of their women drivers and riders, owing to safety features incorporated by the cab service providers. Another important driving factor is the use of telematics in school buses. Increased awareness certainly provides benefits such as significantly lower total cost of ownership, safer and more efficient fleet for school buses.
For instance, recently, Tata Motors launched “Tata SKOOLMAN,” a telematics-based tracking solution to properly address urgent student safety concerns during school bus transport.
By Country
Rwanda is projected as the most lucrative segments
Key Benefits For Stakeholders
- This study comprises analytical depiction of the Africa vehicle tracking system market trends with current trends and future estimations to depict the imminent investment pockets.
- The overall potential is determined to understand the profitable trends to gain a stronger foothold.
- The Africa vehicle tracking system market analysis presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current growth and Africa vehicle tracking system market forecast is quantitatively analyzed from 2019 to 2030 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the Africa vehicle tracking system market share.
- The study also comprises the Africa vehicle tracking system market opportunities, which help key players in decision making.
- The leading players in the industry are expecting high revenue margin from market returns.
Africa Vehicle Tracking System Market Report Highlights
| Aspects | Details |
 By Type |
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 By Vehicle Type |
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 By Application |
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 By Industry Vertical |
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 By Country |
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 Key Market Players | TRAMIGO, GEOTAB INC., NSOROMA, .FROTCOM, TOMTOM, INC., AT&T INC., CARTRACK HOLDINGS LIMITED, RUPTELA, VERIZON COMMUNICATION INC., TELTONIKA, GEO TRACKING, .INSEEGO CORP., ROBERT BOSCH GMBH, ORBCOMM, CONTINENTAL AG |
Analyst Review
In accordance to several interviews conducted, vehicle tracking systems has widespread demand in the Africa region. There is an increase in fleet operations in this region, owing to adoption of public transportation and other commercial activities.
The active segment garnered the highest market share in 2019, with an increase in the demand for real-time vehicle tracking systems to gather prompt information with efficient operational time. Cellular network is most preferred for vehicle tracking system’s connectivity, owing to cost-effective and widest available network solution. Moreover, the transportation & logistics segment is expected to generate the maximum revenue share throughout the forecast period.
In addition, key companies have focused on product launch and partnership to strengthen their foothold in the market. For instance, Cartrack Holdings Limited updated its Mi-Fleet software with a thought to simplify the fleet operation with no additional cost. Verizon Communication Inc. partnered with Gravel Conveyors Inc. to implement Verizon connect REVEAL fleet management software to reduce costs and improve fleet performance, and other such instances. Moreover, innovative marketing and positioning strategies have influenced the expansion of the Africa vehicle tracking system market.
Covid-19 will have severe impact on the Africa vehicle tracking system market as it will impact negativlely on the production of the vehicle tracking systems to a much larger extent which also impacts the vehicle tracking system component manufacturers.
The Africa vehicle tracking system market size is expected to reach $26.53 million by 2027, from $8.99 million in 2019, growing at a CAGR of 14.9% from 2020 to 2027
The sample of Africa vehicle tracking system market can be obtained on demand from the website.
Agreements, partnerships, product developments, and product launches are the topmost competitive developments which are adopted by the leading market players in the region.
The companies profiled in the Africa vehicle tracking system industry report are AT&T Inc., Cartrack Holdings Limited, Continental AG, Geotab Inc., Inseego Corp., ORBCOMM, Robert Bosch GmbH, Ruptela, TomTom International N.V., Verizon Communications Inc., Frotcom, Tramigo, Teltonika, Nsoroma, and Geo Tracking
The company profiles of the top ten players of the market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the industry along with their last three year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated
Based on the analysis carried out, Rwanda is expected to provide more business opportunities for Africa vehicle tracking systems in future due to the rise in demand of the fleet management solutions.
The service providers of vehicle tracking systems are the different system manufacturers who are developing better and advanced vehicle tracking systems, thus propelling the growth of the global market
The key growth startegies of Africa vehicle trackign systems market players includes product development and launch, followed by different partnerships and expansions thus leading to the growth of the market
The installation cost of the vehicle tracking systems depends on the type of the vehicle as well as the specific requirements such as (tracking, monitoring, and others) from the system.
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