Automatic Vehicle Location Market Size to Grow At 7.6% CAGR From 2024 to 2030.

Automatic Vehicle Location Market Size  (2024 - 2030)

As per our research Report, the Automatic Vehicle Location Market is forecasted to be growing at CAGR of 7.6% from 2024 to 2030.

The Automatic Vehicle Location system (AVL) is an advanced technology that is applied to monitor and track any isolated vehicle fitted with a software unit transfer and receives signals through the Global Positioning System (GPS) satellite. Furthermore, this system is utilised to send the real-time position of the vehicle and the geographical location of the vehicle, access passenger information, and enhance customer service. With the rising urbanization and demographic growth, the necessity for Automatic Vehicle Location systems has increased to a large extent. This system is primarily utilised in commercial vehicles and fleet management. Government agencies majorly use automated vehicle location systems for public security, recreation centres and parks to track the activities of emergency responders, patrol units and fieldworkers. Nowadays, cabs, ambulances, public transport such as buses and trains are enabling this technology for the safety of drivers, passengers and also to track the vehicle’s exact location. Owing to all these factors, the automatic vehicle location system market is expected to influence the market in the forecast period.

Globally, with the increasing urbanization, improved standard of living, altering demands of consumers, rise in comfort and safety concerns and the trend of advanced accessories in vehicles are driving the growth of the market. On the other side, the fear of losing privacy, stress caused because of being watched all the time may cause resentment. Also, the high installation cost of this process and the overdependence of drivers on these systems may lead to a comfort zone, which can be detrimental at times. These elements may affect the growth of the market. Any isolated vehicle equipped with a software unit that transmits and receives signals through the global positioning system (GPS) satellite is monitored and tracked using the Automatic Vehicle Location system (AVL), a cutting-edge technology. In addition, this system is utilized to send the geographical location and real-time position of the car, access passenger data, and improve customer service. The demand for automatic vehicle positioning systems has majorly expanded due to the growing urbanization and demographic expansion. This method is primarily used in fleet management and commercial vehicles. Automated vehicle locating systems are mostly used by government organizations for public safety, recreation facilities, and parks to monitor the actions of emergency responders, police units, and field personnel.

These days, taxis, ambulances and modes of public transportation like buses and trains all adopt this technology to track a vehicle's precise location as well as to protect the drivers and passengers inside. The market for automatic vehicle location systems is anticipated to develop over the forecast period as a result of all these factors.

The rise in fleet operations in developing regions and the concerns about safety and security in the transportation industry are the main factors propelling the revenue growth of the global Autonomous Vehicle Locating system markets. The market is predicted to grow further as a result of the adoption of intelligent transportation systems, government-enforced restrictions, and rise in the number of advanced vehicle security technologies. However, the market's expansion may be restricted by the failure of the electrical components used in these systems, the fear of cybersecurity, and the high costs involved. Key market growth influencers include the requirement for increased operational effectiveness, productivity and profitability at reduced costs, as well as the digitalization of vehicles and expanding urbanisation.

The integration of AVL systems with IoT, AI and predictive analytics provides opportunities for enhanced functionalities, such as predictive maintenance, real-time traffic updates and intelligent routing. The adoption of AVL is widening beyond traditional sectors, with emerging applications in ride-sharing services, electric vehicle fleets and autonomous vehicles, presenting lucrative chances for market growth. Governments worldwide are implementing regulations and initiatives to develop transportation efficiency, decrease carbon emissions and enhance road safety, creating opportunities for the AVL system market. Also, with the rising use of linked cars, the Automotive Telematics Market is expanding quickly. As a result, the market for Automatic Vehicle Locating Systems (AVLS) is seeing new growth potential. The AVLS market is expanding as it contributes to lower overall vehicle ownership expenses and better safety and security.

KEY MARKET INSIGHTS: 

• Dead-reckoning technologies are expected to control the majority of the market with the use of technological developments. Dead reckoning is a method for estimating the current location of a moving object using a fixed point in the past and then factoring in estimations of its speed, heading, and course over the period. Dead reckoning, however, suffers from growing errors in technological advancements in position-specific navigational aids.
• The AVL market has shown rapid expansion in past years because of improvements in internet connectivity, low cost, accuracy in tracking vehicles, and high reliability.
• Based on Solution Type, the fleet management system dominates the AVL market in terms of solution type. Due to their low cost, regular and dependable services, short wait times and travel distances, real-time information, and centralized monitoring system, service vehicles are included in vehicle fleet management. Container and trailer tracking is a primary use of asset tracking. The market for automatic vehicles is also demonstrating substantial development for this system.
• North America has been responsible for a sizable portion of the global market for vehicle positioning systems due to the e-commerce sector's increased global market penetration. Through e-commerce, the growing necessity for logistics solutions has been assisting the demand for commercial cars. Due to the escalating demand for passenger cars in North America, the market for vehicle locating systems is expanding.
• The Asia Pacific region is also predicted to have significant expansion during the outlook period. This is because the GDP and per capita income are both rising dramatically, which is helping to fuel the expansion of the automotive sector and, consequently, this market. Rising vehicle sales in developing nations like China and India as well as the explosive growth of the e-commerce industry are driving the regional market. As the number of commercial vehicles rises as a result of increased economic activity, there will likely be greater demand for vehicle location systems. It is anticipated that the emergence of rental car and ridesharing businesses in emerging economies will accelerate industry expansion.

Global Automatic Vehicle Location Market Segmentation:

By Product Type

• Radio Navigation
• Dead-reckoning Technologies
• Others

By Application

• Transition Inside Factories
• Logistics Outside

By Type

• Direction Finding
• Signpost Systems
• Dead-Reckoning technologies
• GPS-based

By Solution Type

• Asset Tracking
• Vehicle Tracking
• Stolen Vehicle Recovery
• Fleet Management
• Parking Habits

By Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East and Africa

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