Vehicle tracking systems are systems created to monitor and control the movement of vehicles utilising various technologies such as GPS, mobile phones, computers, hardware interfaces, and others. It includes revenue from the sale of the entire solution, which includes hardware, software, and additional subscription costs related to tracking and data reporting technology.
Despite a huge decline in the sales of products during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 13.2%, during the tenure of 2021 – 2027.
The Asia Pacific is the second dominant region and it held xx% of share in 2020. Some of the important reasons driving regional market growth are the significant growth of the e-commerce industry, increased advancements in networking technologies, tight regulatory demands, and increasing commercial and passenger car sales. Furthermore, the region’s increased adoption of sophisticated technologies such as autonomous vehicles, IoT, and cloud is expected to boost market growth.
The report published by Maximize encompasses the market dynamics, which could affect the market growth of Vehicle Tracking Systemsin the region, the Value – Chain analysis, and the PORTER’s analysis for the Vehicle Tracking Systemsmarket at a global level.
The study is consolidated on the basis of segments and further into sub-segments by vehicle type (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles) end-user
(Transportation & Logistics, Construction & Manufacturing, Aviation, Retail, Government & Defense, Others) technology (GPS/Satellite, GPRS/Cellular Networks, Dual Mode) type (Active, Passive) component (Hardware, Software).
Lastly, the market research report provides a regional comparison and a complete country level analysis for the latest trends, along with the major key players– Verizon, Geotab Inc., Cartrack, TomTom International B.V., CalAmp, Teltonika, ORBCOMM Inc., Xirgo Technologies, LLC, Laipac Technology Inc., Trackimo Inc., AT&T Inc, Continental AG, Robert bosch gmbh, Spireon inc, Geotab inc, Inseego corp, Tomtom, inc, Teletrac navman us ltd
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Vehicle Tracking Systems Market.”
https://www.maximizemarketresearch.com/market-report/global-vehicle-tracking-systems-market/118112/
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