Vehicle Tracking System Industry

Summary Global Vehicle Tracking System Industry 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 2025 Vehicle Tracking System Industry Overview Market Research Future (MRFR), in its latest “Vehicle Tracking System Industry” report, reveals that due to the growing need for transportation safety that global market of vehicle tracking system is expected to register a high CAGR in the forecast period. Vehicle tracking system is a defense system for the vehicle. They are designed to protect cars against external and malicious threats. The vehicle tracking system can detect, prevent, and is responsive using technologies, such as GLONASS, GPS, ultrasonic, and radio frequency identification. Hence, major advantages of vehicular tracking system, such as enhanced vehicular communication medium, safety and security, and performance monitoring can propel the growth of the global market growth. The growing demand for electric vehicles due to the rising concern for the environment is are encouraging the adoption of vehicle tracking system. It is expected to fuel the market growth. In the years to come, the surge in the production of commercial and passenger vehicles due to their growing demand as urban population expands, can catalyse the growth of the global Vehicle Tracking System Industry. Alongside, the rise in demand for semi-autonomous and autonomous vehicles, the launch of 5G technology, need for better vehicle connectivity, and the availability of cloud computingbased vehicle tracking solutions are likely to contribute largely to the growth of the worldwide vehicle tracking systems market. Get Free Sample @ https://www.marketresearchfuture.com/sample_request/7947 Key Players The players operating in the global Vehicle Tracking System Industry include Cartrack Holdings Limited (South Africa), AT&T Inc. (US), Robert Bosch GmbH (Germany), Continental AG (Germany), Spireon, Inc. (the US), Verizon Communications Inc. (US), Inseego Corp. (US), Geotab Inc. (Canada), TRACK GROUP (US), and US Fleet Tracking (US). Global Vehicle Tracking System Industry: Segmental Analysis The global Vehicle Tracking System Industry is segmented on the basis of type, technology, propulsion, vehicle type, and application. By type, the Vehicle Tracking System Industry is segmented into active and passive system. Of these, the active segment is likely to be the most lucrative one, due to the surging

preference for real-time data reporting and monitoring, which indirectly reflects the future of mobility solutions. By technology, the Vehicle Tracking System Industry is segmented into global positioning system (GPS), global navigation satellite system (GLONASS), connectivity technology, and others. By propulsion type, the market is segmented into ICE and electric vehicle. By vehicle type, the market is segmented into passenger car and commercial vehicle. Of these, passenger vehicles are likely to gain prominence due to the growth in fleet operators, specifically in emerging markets. The proliferation of the internet is also considered a key factor contributing to the market growth in the passenger car segment. By application, the market comprises residential and commercial. Of these, commercial vehicles are likely to have the largest share. Advance trackers are popular among commercial vehicles as they provide advanced vehicle diagnostics data, which can be monetized to augment the fleet operational performance, maintenance scheduling, and usage-based insurance calculation. Regional Frontiers Geographically, the Vehicle Tracking System Industry spans across Europe, North America, Asia Pacific, and the Rest of the World (RoW). Considering the global scenario, the Asia Pacific is considered to be a prominent region in the global market due to the soaring adoption of luxury and premium vehicles among consumers. The Vehicle Tracking System Industry in the APAC is likely to flourish due to the surging demand for automobiles, especially in Japan, China, and India. Moreover, the presence of prominent manufacturers and operating units of global players, coupled with the high availability of sophisticated technologies, will propel the regional market’s growth in the coming years. North America will experience significant growth for the vehicles security market, mainly due to the soaring demand for new commercial vehicles, coupled with the growing number of vehicle thefts. The increasing demand for environmentally-friendly vehicles is further estimated to trigger the demand from the Vehicle Tracking System Industry. Moreover, the existence of industry bigshots like Spireon, Inc, Verizon Communications Inc, THE US Fleet Tracking, and Inseego Corp in Canada and the U.S. are promoting the market growth. Companies are highly embracing the latest technologies to improve the products associated with vehicle security. This will further augment the development of efficient vehicle security systems and solutions. Industry Updates June 2019: Zensors, a Carnegie Mellon University spinout company, involved in the development of cloud-based visual sensing systems, has recently unveiled its all-new deep

learning technology, named Car Pose Net. This technology is a 3D vehicle tracking system, which uses existing camera infrastructure. Access Full Report @ https://www.marketresearchfuture.com/reports/vehicle-trackingsystem-market-7947 About Market Research Future At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. Contact Market Research Future Office No. 528, Amanora Chambers Pune – 411028 Maharashtra, India Phone: +1646 845 9312 Email: [email protected]