The market for vehicle tracking devices will see tremendous growth
PUNE, India, March 4, 2022 (GLOBE NEWSWIRE) — The global vehicle tracking device market is expected to grow due to the increasing adoption of GPS technology in the logistics sector. This information will be published in Fortune Business Insights™, the latest forthcoming report entitled “Vehicle Tracking Devices Market Size, Share and Industry Analysis, by Type (OBD Device, Standalone Tracker, Advance Tracker), by Emergency Vehicle (Commercial Vehicle, Cargo Vehicle, Container Vehicle), by Industry (Metals & Mining, Transportation, Logistics & Construction, Other) and Regional Forecast, 2019-2026.”
Request a sample PDF brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/vehicle-tracking-device-market-101787
Nowadays, modern cars have the option of installing a GPS to track the vehicle by pinpointing its exact location. Along with this, a GPS also comes with an inbuilt navigation system. A vehicle tracking device consists of software that automatically tracks the vehicle’s location and stores the data that is useful for locating the vehicle. A vehicle tracking device is most beneficial in vehicle theft cases as it can track the exact location of the stolen vehicle. Additionally, in some countries, the government is taking steps to implement the use of vehicle tracking devices in commercial segment vehicles in addition to the passenger segment. This should boost demand over the forecast period.
What does the report include?
The report offers careful information on Oil Water Separators market which is well researched using different methods and market analysis. Additionally, the drivers, restraints, trends and challenges that the market might be experiencing are also explained in detail. Additionally, this report provides our readers with information on the competitive landscape, with a focus on the latest acquisitions, business expansion plans, market launches, and newly introduced technologies, providing comprehensive information about leading players. Furthermore, in addition to the opinions of industry experts, the information is sourced from trusted sources by our senior research analyst.
Ask for customization: https://www.fortunebusinessinsights.com/enquiry/customization/vehicle-tracking-device-market-101787
Driver and restraint systems:
Increasing acceptance in the logistics industry will significantly increase growth
Technological advances can be observed in the logistics industry, with several companies using current technological trends to improve the efficiency of the supply chain system. GPS technology not only helps drivers navigate from different locations, but has also completely transformed the transportation industry. From a smart mobile device, logistics companies can easily locate vehicles in real-time, plan driver deployments effectively, and manage costs to avoid losses. Several logistic companies adopting the use of vehicle tracking devices to efficiently manage the supply chain are expected to propel the growth of the market during the projected horizon. For example, in March 2020, Track’em Pty, a leading asset and materials tracking platform, announced its latest version of the Materials Tracking Platform. The platform will enable companies to manage materials and logistics across their entire supply chain system.
Regional Analysis:
Increasing state investments bode well for the market in Europe
Among the regions, the market is expected to grow significantly in Europe owing to the increasing government investments in advanced technologies over the forecast period. On the other hand, North America will see strong growth for the vehicle tracking device market in the foreseeable future. This is attributed to factors such as the high adoption of the devices in countries like the US and Canada to monitor anti-poaching patrols and track real-time location.
Click here for the short-term and long-term impact of COVID-19 on this market.
Please visit: https://www.fortunebusinessinsights.com/industry-reports/vehicle-tracking-device-market-101787
Competitive landscape:
Aeris announces vehicle tracking system for auto finance companies
In February 2020, Aeris Communications, an India-based service provider, announced its new auto-tracking system that offers real-time visibility of vehicles by tracking their live location and providing history. The company also announced its joint venture with Volkswagen Group of America and Ventic LLC to develop and operate platform technology for connected vehicles. Product launches and joint ventures by key players will contribute to the growth of the market during the forecast period. Here are some industrial developments:
Industrial developments:
June 2019: ORBCOMM Inc., a global provider of Internet solutions, announces its collaboration with maritime technology pioneers Weatherdock and Pole Star to develop Hali. Hali is a class B ship tracking solution that allows the user to see the ship in full.
Inquire before you buy: https://www.fortunebusinessinsights.com/enquiry/queries/vehicle-tracking-device-market-101787
Companies operating in the Global Vehicle Tracking Devices Market:
- Orbocomm Inc.
- Calamp Corporation
- Concox Wireless Solution Co., Ltd.
- TomTom International B.V
- Sierra Wireless Inc.
- ATrack Technology Inc.
- Trackimo LLC.
- Meitrack Group
- Geotab Inc.
- Laird PLC
prebook – Vehicle Tracking Devices Market: https://www.fortunebusinessinsights.com/checkout-page/101787
Take a look at related research insights:
cloud storage market Size, share, and COVID-19 impact analysis, by component (storage model and services), by deployment (private, public, and hybrid), by company size (SMB and enterprise), by industry (BFSI, IT, and telecom). , Government & Public Sector, Manufacturing, Healthcare & Life Sciences, Retail & Consumer Goods, Media & Entertainment, and Others) and Regional Forecast, 2021-2028
Fraud Detection and Prevention Market in Latin America Size, share and COVID-19 impact analysis, by component (solutions and services), by application area (insurance claims, money laundering), by deployment (cloud and on-premises), by company size (enterprise and SMB), by vertical (BFSI, IT and Telecom, Retail and Consumer Goods, Government, Construction and Real Estate, Energy and Utilities) and Geographical Forecast, 2021-2028
Identity Theft Protection Services Market Size, Proportion, and COVID-19 Impact Analysis, by Type (Credit Card Fraud, Bank Fraud, Phone or Utility Fraud, Employment or Tax Fraud), by Application (Consumer, Business), and Regional Forecast, 2021-2028
Media Monitoring Tools Market Size, share and COVID-19 impact analysis, by component (software/platform, services), by type (print media monitoring, broadcast media monitoring, online media monitoring), by deployment (cloud, on-premises), by company size (SMB, Enterprise), by application (Customer Experience and PR Management, Real-Time Analytics), by Industry (BFSI, Healthcare, Retail and E-Commerce) and Regional Forecast, 2021-2028
Robotic Process Automation (RPA) Market Size, Share, and COVID-19 Impact Analysis, by deployment (on-premises, cloud), by operation (rules-based, knowledge-based), by application (management and reporting, customer support, data migration and capture extraction, analytics, other), by industry (retail, manufacturing and Logistics Industry, BFSI, Healthcare, IT & Telecom, Hospitality, Other) and Regional Forecasts, 2021-2028
About us:
Fortune Business Insights™ provides accurate data and innovative business analysis, helping organizations of all sizes make informed decisions. We customize novel solutions for our clients and support them to overcome various challenges specific to their business. Our goal is to equip them with holistic market intelligence and provide a detailed view of the market they operate in.
Contact us:
Fortune Business Insights™ Pvt. GmbH.
9th Floor, Icon Tower,
Baner – Mahalunge Street,
Baner, Pune-411045, Maharashtra, India.
Phone:
United States: +1.424.253.0390
UK: +44 2071 939123
APAC: +91 744 740 1245
E-mail: [email protected]
LinkedIn: https://www.linkedin.com/company/fortune-business-insights
Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd