Vehicle Tracking System Market: Global Industry Expected to Grow at CAGR 12.81% and Forecast to 2023

Industry Outlook & Trend Analysis.
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.

Competitive Insights:
The leading players in Vehicle Tracking System 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 Vehicle Tracking System Market is segmented as follows-

By Type:
OBD Devices
Standalone Tracker
Advance Tracker

By Vehicle:
Passenger Carrying Vehicles (PCV)
Light Commercial Vehicles (LCV)
Heavy Commercial Vehicles (HCV
Two-Wheelers

By Industry:
Private Cars
Logistics
Construction
Fleet Management
Two-Wheeler Tracking

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Table of Contents:
1.Introduction
2.Executive Summary
3.Market Overview
…
5.Vehicle Tracking System Market, By Type
5.1.Introduction
5.2.Global Vehicle Tracking System Sales, Revenue and Market Share By Type (2014-2018)
5.3.OBD Devices
5.4.Standalone Tracker
5.5.Advanced Trackers
6.Vehicle Tracking System Market, By Vehicle
6.1.Introduction
6.2.Global Vehicle Tracking System Sales, Revenue and Market Share By Vehicle (2014-2018)
6.3.Passenger Carrying Vehicles (PCV)
6.4.Light Commercial Vehicles (LCV)
6.5.Heavy Commercial Vehicles (HCV)
6.6.Two-Wheelers
7.Vehicle Tracking System Market, By Industry
7.1.Introduction
7.2.Global Vehicle Tracking System Sales, Revenue and Market Share By Industry (2014-2018)
7.3.Private Cars
7.4.Logistics
7.5.Construction
7.6.Fleet Management
7.7.Two-Wheeler Tracking
To be continued...

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.

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Features Of The Vehicle Tracking System Market Report:

The analysis of Vehicle Tracking System Market, their Growth, Demand, position, size and share from different regions are mentioned in detailed.

The key players in the market and their share in the global market are discussed.

The new strategic plan and suggestions that will help old as well as new market players to maintain the competitiveness are also discussed.

The Vehicle Tracking System Market report provides some important points related to growth factors, challenges, opportunities, end-user analysis and achievement and so on.

The latest trends that are being followed in the market are included along with an example.

How technological advancement and research, as well as development activities, are impacting the Vehicle Tracking System Market is explained in detail.

The development plans and policies are discussed as well as manufacturing processes and cost structures too are discussed.

Research Methodology:
We utilize both essential and in addition optional research for our market overviews, gauges and for creating estimate. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

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