Automatic Vehicle Location System Avl Market Insights Video
According to Cognitive Market Research, the Global Automatic Vehicle Location System - AVL market size was USD 22514.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 9005.6 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 6754.2 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 5178.2 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1125.7 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 450.2 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
The GPS-based type held the highest Automatic Vehicle Location System - AVL market revenue share in 2024.
