Automatic Vehicle Location (AVL) System Market Research Report – Segmented By Product Type (Radio Navigation, Dead-reckoning Technologies, Others); Application (Transition Inside Factories and Logistics Outside the); Solution Type (Asset Tracking, Vehicle Tracking, Stolen Vehicle Recovery, Fleet Management, Parking Habits); Type (Direction Finding, Signpost Systems, Dead-Reckoning technologies, GPS-based) and Region - Size, Share, Growth Analysis | Forecast (2023 – 2030)

Automatic Vehicle Location (AVL) System Market Size (2023 - 2030)

The Global Automatic Vehicle Location (AVL) System Market was valued at USD 23.56 billion and is projected to reach a market size of USD 39.34 billion by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 7.6%. 

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. Additionally, this system is utilised 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 significantly expanded due to the growing urbanisation and demographic expansion. This method is primarily utilised in fleet management and commercial vehicles. Automated vehicle locating systems are mostly used by government organisations 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 employ 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 grow over the forecast period as a result of all these factors.

Global Automatic Vehicle Location (AVL) System Market Drivers:

Increasing fleet operations is resulting in market expansion of the Global Automatic Vehicle Location (AVL) System Market

The rise in fleet operations in developing regions and the worries 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 anticipated to grow further as a result of the adoption of intelligent transportation systems, government-enforced restrictions, and an increase in the number of advanced vehicle security technologies. However, the market's expansion may be constrained by the failure of the electrical components used in these systems, the danger of cybersecurity, and the high costs involved. Key market growth drivers include the requirement for increased operational effectiveness, productivity, and profitability at lower costs, as well as the digitalization of vehicles and expanding urbanisation.

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. Additionally, this system is utilised 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 significantly expanded due to the growing urbanisation and demographic expansion. This method is primarily utilised in fleet management and commercial vehicles. Automated vehicle locating systems are mostly used by government organisations for public safety, recreation facilities, and parks to monitor the actions of emergency responders, police units, and field personnel.

Safety and security concerns in transportation services are increasing in demand in Global Automatic Vehicle Location (AVL) System Market.

Government organisations frequently employ Automatic Vehicle Location systems to monitor the activities of police officers, field officers, and emergency responders in public safety, recreation areas, and parks. To protect drivers and passengers and to track a vehicle's precise location, technology is now being used in taxis, ambulances, and public transit such as buses and trains. All of these factors are expected to contribute to the Automatic Vehicle Location System (AVL) Market's expansion over the forecast period. The adoption of new technologies increases the system's usability and safety, and for the past several years, safety has been one of the top concerns for consumers. Because AVL provides this, the market is growing.

Global Automatic Vehicle Location (AVL) System Market Challenges:

Implementing AVLS systems can be costly, particularly if additional infrastructure, like base stations or dedicated transponders, is needed. An AVLS system can be expensive to maintain and run, especially if it makes use of proprietary software or hardware. Privacy issues arise since AVLS systems have the potential to gather a lot of information on vehicles and their movements. The possibility of this information being utilised for surveillance or marketing purposes could undermine public confidence in AVLS technology.

Global Automatic Vehicle Location (AVL) System Market Opportunities:

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 costs and improves safety and security.

COVID-19 Impact on Global Automatic Vehicle Location (AVL) System Market:

The market for Automatic Vehicle Location System (AVL) technology has been significantly impacted by the COVID-19 pandemic. Due to the pandemic, practically all nations went into lockdown, and all activities—including production—were stopped. The bulk of proprietors have also turned their attention to saving money. The supply chain was badly hit by the outbreak, which also influenced other industries and the automotive sector. However, with expansion activities currently underway and the restart of production lines, the market is projected to increase in the future.

Global Automatic Vehicle Location (AVL) System Market Recent Developments:

At a board of directors meeting conducted today, DENSO Corporation decided to integrate its wholly-owned subsidiary DENSO IT Solutions Inc. ("DENSO IT Solutions") with the Company through an absorption-type merger, effective October 1, 2020.

AUTOMATIC VEHICLE LOCATION (AVL) SYSTEM MARKET REPORT COVERAGE:

Global Automatic Vehicle Location (AVL) System Market Segmentation: By Product Type

• Radio Navigation

• Dead-reckoning Technologies

• Others

Dead-reckoning technologies are predicted to control the majority of the market with the use of technological developments. Dead reckoning is a method for calculating 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.

Global Automatic Vehicle Location (AVL) System Market Segmentation: By Application

• Transition Inside Factories

• Logistics Outside the

The adoption of new technologies makes the system safer and easier to use. Over the past few years, safety has become one of the top concerns for consumers, and AVL provides it, which has considerably fueled market growth. Safety and security concerns in the transportation industry, as well as an increase in fleet operations in developing regions, are driving factors for the growth of the global Automatic Vehicle Location System (AVL) market.

Global Automatic Vehicle Location (AVL) System Market Segmentation: By Type

• Direction Finding

• Signpost Systems

• Dead-Reckoning technologies

• GPS-based

The AVL market has shown rapid expansion in recent years because of improvements in internet connectivity, low cost, accuracy in tracking vehicles, and high reliability. The market for automatic vehicle locating is also witnessing a considerable rise in systems for signposting and directions.

Global Automatic Vehicle Location (AVL) System Market Segmentation: By Solution Type

• Asset Tracking

• Vehicle Tracking

• Stolen Vehicle Recovery

• Fleet Management

• Parking Habits

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 centralised monitoring system, service vehicles are included in vehicle fleet management. Container and trailer tracking is a prominent use of asset tracking. The market for automatic vehicles is also demonstrating substantial growth for this system.

Global Automatic Vehicle Location (AVL) System Market Segmentation: By Region

• North America

• Europe

• Asia Pacific

• Middle East and Africa

• South America

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 need for logistics solutions has been assisting the demand for commercial cars. Due to the rising demand for passenger cars in North America, the market for vehicle locating systems is expanding. Due to rising disposable income, more environmental awareness, and rising living standards, it is anticipated that this region will experience a market expansion driven by increasing demand for electric passenger vehicles. Additional factors that are anticipated to fuel market growth include the quick uptake of sophisticated tracking technology for automobiles and the improvement in driver and passenger safety.

The Asia Pacific region is anticipated to have significant expansion during the forecast 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 (AVL) System Market Key Players:

1. Atlanta Systems Private Limited

2. Descartes

3. C3LS

4. Reveon Technologies Corp.

5. Global Tracking Group 

6. Datum Tracking Group

7. Power System Engineering, Inc.