A vehicle tracking system combines the use of automatic vehicle location with software that collects these fleet data for a complete picture of vehicle locations. Modern vehicle tracking systems commonly use Global Positioning System (GPS) or Global Navigation Satellite System (GLONASS) technology for locating the vehicle, but other types of automatic vehicle location technology can also be used. Such information can be viewed on electronic maps via the internet or specialized software.
Government initiatives to implement tracking systems in cars, rise in demand for cars, and innovation drive the market growth. With continuous innovations taking place in the field of sensors, developments are expected to witness a boost and thereby the technology is anticipated to gain prominence. However, inability of such systems to work without internet connectivity and security issues are the major concerns.
The Global Vehicle Tracking System Market size was xxx million USD with a CAGR xx % from 2015- 2019. It will stretch to xxx million USD in 2020 with a CAGR of xx % from 2020 - 2026.
As the report focuses on global Vehicle Tracking System Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.
In Market segmentation by manufacturers, the report covers the following companies-
AT&T Intellectual Property
CarTrack
Comm-Port Technologies
Continental AG
Delphi Automotive LLP
Eresource ERP
Magna International
Robert Bosch GmbH
Verizon
In Market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types covers:
Standalone tracker
OBD Device & advance tracker
In Market segmentation by applications :
Transportation and logistics
Metals & mining
Construction
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Vehicle Tracking System Market for the forecast period 2020 - 2026?
• What are the driving forces in the Vehicle Tracking System Market for the forecast period 2020 - 2026?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Vehicle Tracking System industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?