Vehicle Tracking Market size is valued at US$ 8.71 Bn in 2019 and expected to grow at a CAGR of XX % in the forecasting period. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region. To know about the Research Methodology:-Request Free Sample Report Vehicle tracking market is estimated to foster growth globally over the upcoming period owing to rising safety and security awareness, particularly in the corporate sector. An increasing need for monitoring the automobile movement carrying both passengers as well as goods will promote product adoption of vehicle tracking. The synergy between telecommunications and information technology has introduced next-generation solutions in multiple sectors, enabling speed deliveries and improved efficiency thereby boosting the vehicle tracking market. Increasing deployment of vehicle tracking devices by the transportation service providers ensure fast movement of goods and is primarily driving the GPS tracking a part of the vehicle tracking industry size. Numerous benefits offered to the companies by vehicle tracking are discounts on insurance, the safety of trucks & drivers, cost reduction, improved administration, employee management, better customer service, theft prevention, time management, and improved lifecycle management among others. Provision of various advantages is driving the vehicle tracking market size over the forecast time frame. Based on product, the vehicle tracking market is segmented into wired and wireless. By vehicle, the market is segmented as PCV, LCV, HCV, and two-wheeler. By applications, the market is segmented as private cars, logistics, construction, fleet management, and two-wheeler tracking. Based on applications, the fleet management is expected to hold major market share in the forecast period due to the vehicle tracking is highly demanded. The segment growth can be credited to benefits offered such as automobile safety, customer satisfaction, maximizing vehicle utilization, route planning, resource optimization, fuel monitoring, speed detection, and real-time monitoring. Geographically, the vehicle tracking market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America held the XX% market share in 2018 due to presence of technology providers along with major automobile manufacturers across the region is boosting the regional industry size of vehicle tracking. Regulations such as the U.S. Code of Federal Regulations (CFR) and the Federal Motor Carrier Safety Administration (FMCSA) are contributing significantly in the overall business demand. The market in Asia Pacific is expected to expand at a high CAGR of XX% during the forecast period. Increasing automotive production combined with forthcoming regulations in the region, particularly in emerging economies is improving the regional penetration rate of vehicle tracking. For instance, the Indian government passed a regulation that public transport automobile with more than six seats of capacity will be installed with emergency buttons and tracking devices from 2018 The objective of the report is to present a comprehensive analysis of global vehicle tracking market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding global vehicle tracking market dynamics, structure by analyzing the market segments and project the global vehicle tracking market size. Clear representation of competitive analysis of key players By Type, Price, Financial position, Product portfolio, Growth strategies, and regional presence in the global vehicle tracking market make the report investor’s guide.
Vehicle Tracking Market Scope: Inquire before buying
Vehicle Tracking Market, By Product
• Wired • Wireless
Vehicle Tracking Market, By Vehicle
• PCV • LCV • HCV • Two-Wheeler
Vehicle Tracking Market, By Technology
• Active • Passive
Vehicle Tracking Market, By Application
• Private Cars • Logistics • Construction • Fleet Management • Two-Wheeler Tracking
Vehicle Tracking Market, By Geography
• North America • Europe • Asia-Pacific • Middle East & Africa • Latin America
Key Players operating in the Vehicle Tracking Market :
• Calamp • Fleetistics • Garmin • Maestro Wireless Solutions Ltd. • Mio • Navotar • Orbocomm • Matrix • GPS-Track • AVL View • TrackMe • India Mart • eBay • Amazon • Geek Buying • Snap Deal • Flipkart • Shopclues • Safekar • AssetTrackr Pvt Ltd • TechnoPurple • Meitrack Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the current vehicle tracking market outlook. The report encompasses the vehicle tracking market by different segments and region, providing the in-depth analysis of the overall industry ecosystem, useful for taking the informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the vehicle tracking market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain vehicle tracking market positioning of competitors.
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