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The Global Vehicle Tracking System Market is expected to Witness 21% CAGR during the Period, 2019–2025.
Global Vehicle Tracking System Market Research Report: Information by Type (Active and Passive System), by Technology [Global Navigation Satellite System (GLONASS), Global Positioning System (GPS), Connectivity Technology and others], by Propulsion (ICE and Electric Vehicle), by Vehicle Type (Passenger Car and Commercial Vehicle), by Application (Residential and Commercial) and by Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2025Vehicle Tracking System Market OverviewA vehicle tracking system is a real time data tracking system that works using GPS and GSM technologies.
Furthermore, cellular or radio transmitters are also used to track the vehicles.
Vehicle tracking systems are also popular in consumer vehicles for theft prevention, monitoring, and retrieval device.The increasing production and sales of electric vehicles in countries such as China, Germany, Norway, and Japan drive the growth of global vehicle tracking system market.
Furthermore, technological advancements, growing awareness of the key manufacturers regarding the use of vehicle tracking systems and increasing need for monitoring the automobile movements from both transportation and logistics industries are set to drive the growth of this market during the study period.
Get Free Sample @ https://www.marketresearchfuture.com/reports/solar-powered-vehicle-market-7946Key PlayersThe key players operating in the global vehicle tracking system market are Verizon Communications Inc. (US), Spireon, Inc. (US), Geotab Inc. (Canada), Inseego Corp. (US), US Fleet Tracking (US), TRACK GROUP (US) AT Inc. (US), Cartrack Holdings Limited (South Africa), Continental AG (Germany), Robert Bosch GmbH (Germany).Market Research AnalysisIn terms of region, the global market for the vehicle tracking systems is segmented into North America, Europe, Asia-Pacific, and the rest of the world.
We know how important GPS technology is both for the common man and for business owners.
In this article, we will come across the range of benefits received upon installing a GPS tracking system and how it helps in improving productivity.Vehicle tracking systems, as the name suggests allows us to track our vehicles in the most basics of their function.
Other functions can include performance and maintenance of vehicle tracking, driver's location and how he handles the vehicle, effective facilitation of fuel management, sends alert notifications, and also protect the vehicles from probable thefts.The advantageous factor of these tracking systems is that more and more functionalities are possible if the business knows how to fully reap its benefits.
The ultimate function of any tool should be centric towards accomplishing tasks meant for it, and the better it performs, the less we need to think about it.An online vehicle tracking system typically contains a tracking device installed inside the car, with its 24 hours communication with the central server that allows the user to keep track of their vehicle activities from the very main office.
This tracking information is transferred from a vehicle to the HQ with geostationary position satellites acting as an intermediary.
The device updates its position, speed, the direction of travel, and location across to the HQ.