Vehicle Tracking System Market to Develop Rapidly by 2023

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A Research Study Titled, “Vehicle Tracking System Market by Type, Vehicle and Industry - Global Industry Analysis and Forecast to 2023”, Published By Crystal Market Research

Market Highlights
The Vehicle Tracking System Market was worth USD 0.94 billion in 2014 and is expected to reach approximately USD 2.78 billion by 2023 at a CAGR of 12.81%. To track the location of a modern vehicle, frequently a Global Positioning System (GPS) used for the purpose. These systems make use of radio, satellites or cellular modems linked with tracking devices. Thus devices with GPS enables can be used to track precise location of mobile objects. The location is determined in terms of geometric co-ordinates. The market is driven by initiatives taken by governments to implement these devices in cars, rising demand for cars, demand for devices in transport sector and continuous evolution of devices through innovations. During the forecast period the market is foreseen to grow with a lucrative rate. The inability of these systems to work without internet connection is a restraint to the market.


Regional Outlook & Trend Analysis
Regionally the market is divided into as North America, Asia-Pacific, Europe and Rest of World. The North America Market will continue to rule during the forecast owing to presence of major market players and various leading automobile companies in the region. Various regulations imposed by the Government will help boost the market growth in North America. The Asia-Pacific Region will grow substantially due to rise in automotive production and various regulations being imposed by developing economies in the region. The Indian government passed a regulation stating compulsory installation of GPS tracking systems and SOS Buttons in vehicles with above six seat capacity.
Competitive Insights
The leading players in market are AT&T Intellectual Property, Robert Bosch GmbH, CarTrack, Laird PLC, Calamp Corp, Teltonika UAB, Comm-Port Technologies, Delphi Automotive LLP, Concox Wireless Solution Co. Ltd., Continental AG, TomTom International BV, ATrack Technology Inc, Orbocomm Inc, Ltd, Sierra Wireless Inc., Geotab Inc. Meitrack Group,Verizon, Zonar Systems, and Trackimo LLC. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.


Vehicle Tracking System Market - By Region:
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
Rest of the World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)
What Our Report Offer:
1) An extensive research study on the Global Vehicle Tracking System Market, and its entire ecosystem, describes the market trends, drivers, restraints and opportunities of the Vehicle Tracking System Market.
2) We provide you the longest possible market segmentation based on type of products, procedures and geography and describe the market share region wise.
3) The report gives a bird eyes view on the competitive landscape which includes mergers and acquisitions, collaborations, market strategies, and new product launches.

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