Vehicle Tracking Systems Market Is Booming Globally | AT&T Intellectual Property, CarTrack, Comm-Port Technologies, Continental AG, Delphi Automotive, Eresource ERP, Robert Bosch

A vehicle tracking system combines the use of automatic vehicle location with software that collects these fleet data for a complete picture of vehicle locations. Modern vehicle tracking systems commonly use Global Positioning System (GPS) or Global Navigation Satellite System (GLONASS) technology for locating the vehicle, but other types of automatic vehicle location technology can also be used. Such information can be viewed on electronic maps via the internet or specialized software. Tracking provides information such as mileage, fuel consumption, and speed of the vehicle. Savings can also be done by monitoring the driven route and speed.

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Government initiatives to implement tracking systems in cars, rise in demand for cars, and innovation drive the market growth. With continuous innovations taking place in the field of sensors, developments are expected to witness a boost and thereby the technology is anticipated to gain prominence. However, inability of such systems to work without internet connectivity and security issues are the major concerns.

The vehicle tracking system market is segmented on the basis of type, vehicle type, technology, industry verticals, and geography. By type, it is divided into in-vehicle surveillance, out-vehicle surveillance, and under-vehicle surveillance. By vehicle type, it is bifurcated into passenger cars and commercial cars. By technology, it is classified into adaptive cruise control, parking assistance system, blind spot detection systems, lane departure warning system, heads-up display, GPS, and others. By industry verticals, it is categorized into military & defense, commercial, government buildings, and others. By geography, it is analyzed across North-America, Asia-Pacific, Europe, and LAMEA.

The key players described in the market are AT&T Intellectual Property, CarTrack, Comm-Port Technologies, Continental AG, Delphi Automotive LLP, Eresource ERP, Magna International Inc., Robert Bosch GmbH, Verizon, and Zonar Systems.

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Key Benefits
•This report provides an extensive analysis of the current and emerging market trends, dynamics, and estimations for the key market segments in the global vehicle tracking system market from 2017 to 2023.
•Exhaustive analysis of the market by type helps understand the sensors that are currently used and the variants that are expected to gain prominence in the future.
•This report presents competitive intelligence of the market to understand the competitive scenario across the countries globally.

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