Press release
Increasing Fleet Operations is Strengthening the Global Vehicle Tracking System Market
According to a new market research report launched by Inkwood Research, the Global Vehicle Tracking System Market is rising at a CAGR of 15.66% from 2022 to 2030 and is anticipated to generate a revenue of $70175.22 million by 2030.Browse 79 market data Tables and 58 Figures spread over 180 Pages, along with an in-depth analysis of the Global Vehicle Tracking System Market by Type, Technology, Vehicle Type, End Use, Component, & by Geography
This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market by assessing major geographies, and is a valuable asset for the existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.
Global Vehicle Tracking System Market Scenario
Across the globe, commercial fleet operations are on the rise. Transportation & logistics activities are also increasing as road transportation is one of the most convenient ways of ensuring that products are available throughout the country. They are accessible even in remote regions where other modes of transportation cannot reach. Fleet owners can utilize vehicle tracking systems in order to improve vehicle safety, while reducing idle time.
In this regard, other features such as emergency alerts have also been integrated into tracking systems to better manage the fleet. Through this, fleet operators can monitor vehicle usage and subsequently, based on the acquired data, can assess and implement better measures for the optimization of vehicle use, in addition to minimizing fuel costs, enhancing fleet security, and offering real-time data. Furthermore, this factor also plays a vital role in reducing operational costs. As a result, the rise in fleet operations worldwide is set to positively impact the demand and adoption of vehicle tracking systems, thus propelling the global market growth.
The Global Vehicle Tracking System Market report provides data tables and includes charts and graphs for visual analysis.
Request Free Sample Report for Global Vehicle Tracking System Market by Vehicle Type, End Use, Type, Technology, Component & by Geography: https://inkwoodresearch.com/reports/vehicle-tracking-system-market/#request-free-sample
Market Segmentation
Market by Type:
• Active
• Passive
Market by Vehicle Type:
• Passenger Vehicles
• Light Commercial Vehicles
• Heavy Commercial Vehicles
Market by End Use:
• Transportation & Logistics
• Construction & Manufacturing
• Aviation
• Retail
• Government & Defense
• Other End Uses
Market by Component:
• Hardware
o OBD Device/Tracker & Advance Tracker
o Standalone Tracker
• Software
o Vehicle Diagnostics
o Fleet Analytics & Reporting
o Performance Measurement
o Driver Behavior Monitoring
o Other Software
Market by Technology:
• GPS/Satellite
• GPRS/Cellular
• Dual Mode
Report Highlights
- The report provides a detailed analysis of the current and future market trends to identify the investment opportunities
- Market forecasts till 2030, using estimated market values as the base numbers
- Key market trends across the business segments, regions, and countries
- Key developments and strategies observed in the market
- Market dynamics such as drivers, restraints, opportunities, and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2030
Companies Profiled
• XIRGO TECHNOLOGIES LLC
• VERIZON COMMUNICATIONS INC
• ROBERT BOSCH GMBH
• ORBCOMM INC
• INSEEGO CORP
• TRACKIMO
• CONCOX INFORMATION TECHNOLOGY CO LTD
• CALAMP CORPORATION
• TOMTOM NV
• SOLERA INC
• SIERRA WIRELESS INC
• SAMSARA INC
• GEOTAB INC
• CONTINENTAL AG
Related Reports
GLOBAL AUTOMOTIVE TELEMATICS MARKET -
https://inkwoodresearch.com/reports/automotive-telematics-market/
The global automotive telematics market is set to develop with a CAGR of 21.36% from 2021 to 2028.
GLOBAL SMART FLEET MANAGEMENT MARKET -
https://inkwoodresearch.com/reports/smart-fleet-management-market/
In terms of revenue, the global smart fleet management market is predicted to register a CAGR of 6.47% across the forecasted years of 2021 to 2028.
Inkwood Research
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Tel: 1-(857)293-0150
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