Press release
Vehicle Tracking Systems Market Revenue to Cross USD 41.94 Billion By 2028; Registering at a CAGR of 13.5%
Vehicle Tracking Systems Market
A vehicle tracking system tracks and keeps an eye on a vehicle's movements via a cellular network or global positioning system (GPS). It covers driver management, fuel management, route optimization, remote tracking and monitoring, vehicle maintenance, diagnostics, and safety management. Vehicle tracking systems rely on digital maps, GSM/GPRS, GPS, and specialized software to function.
๐๐ง๐ฅ๐จ๐๐ค ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ฎ๐ซ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.polarismarketresearch.com/industry-analysis/vehicle-tracking-systems-market/request-for-sample
๐๐๐ฒ ๐๐ญ๐๐ญ๐ข๐ฌ๐ญ๐ข๐๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ:
โ The global vehicle tracking systems market was valued at USD 17.56 billion in 2020 and is expected to grow to USD 41.94 billion by 2028.
โ The industry is expected to expand at a CAGR of 13.5% during the forecast period.
โ The market is mainly segmented based on vehicle, end-use, technology, component, and region.
โ North America is expected to dominate the global tracking systems market due to the increasing use of navigation satellite systems and GPS for monitoring locations for personal and commercial purposes, as well as the increased implementation of safety regulations by regulatory bodies and transportation authorities throughout the region.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
Because there are so many companies in the industry, it is expected to be both competitive and fragmented. The major participants in the vehicle tracking systems market are:
โข AT&T Inc.
โข CalAmp
โข Cartrack
โข Continental AG
โข Geotab Inc.
โข Inseego Corp.
โข Laipac Technology Inc.
โข ORBCOMM
โข Robert Bosch GmbH
โข Spireon.com
โข Teletrac Navman US Ltd
โข TELTONICA
โข TomTom International BV.
โข Trackimo Inc.
โข Verizon
โข Xirgo Technologies LLC.
๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ: https://www.polarismarketresearch.com/buy/841/2
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ ๐๐๐ญ๐จ๐ซ๐ฌ:
The cost benefits from enhanced vehicle arrangement and complex features such as fleet analytics, predictive vehicle maintenance, fuel management, and driver monitoring are also expected to boost the search systems industry's expansion over the forecast period. Growth in the fleet size of transport and logistics providers is another key reason to increase the use of the development for prompt security and delivery. Furthermore, the significant increase in commercial vehicle sales is expected to drive up the need for maintenance operations and fleet tracking.
๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ
โข Integration with Advanced Technologies: Combining vehicle tracking systems with AI, machine learning, and big data analytics to offer predictive maintenance and enhanced decision-making capabilities.
โข Emergence of Smart Cities: Growing investment in smart city projects provides opportunities for vehicle tracking systems to integrate with urban transportation infrastructure.
โข Electric Vehicle (EV) Adoption: The increasing adoption of electric vehicles presents a new segment for vehicle tracking systems tailored to EV-specific requirements.
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/vehicle-tracking-systems-market
๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐ก๐๐ฌ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐๐ ๐ญ๐ก๐ ๐ฏ๐๐ก๐ข๐๐ฅ๐ ๐ญ๐ซ๐๐๐ค๐ข๐ง๐ ๐ฌ๐ฒ๐ฌ๐ญ๐๐ฆ๐ฌ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐จ๐ง ๐ญ๐ก๐ ๐๐๐ฌ๐ข๐ฌ ๐จ๐ ๐ฏ๐๐ก๐ข๐๐ฅ๐, ๐๐ง๐-๐ฎ๐ฌ๐, ๐ญ๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ, ๐๐จ๐ฆ๐ฉ๐จ๐ง๐๐ง๐ญ:
๐๐๐ก๐ข๐๐ฅ๐ ๐๐ซ๐๐๐ค๐ข๐ง๐ ๐๐ฒ๐ฌ๐ญ๐๐ฆ๐ฌ, ๐๐๐ก๐ข๐๐ฅ๐ ๐๐ฒ๐ฉ๐ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐๐๐ฏ๐๐ง๐ฎ๐, ๐๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐๐๐๐ - ๐๐๐๐)
โข Passenger
โข Light Commercial
โข Heavy Commercial
๐๐๐ก๐ข๐๐ฅ๐ ๐๐ซ๐๐๐ค๐ข๐ง๐ ๐๐ฒ๐ฌ๐ญ๐๐ฆ๐ฌ, ๐๐ง๐-๐๐ฌ๐ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐๐๐ฏ๐๐ง๐ฎ๐, ๐๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐๐๐๐ - ๐๐๐๐)
โข Transportation & Logistics
โข Construction & Manufacturing
โข Aviation
โข Retail
โข Government & Defense
โข Others
๐๐๐ก๐ข๐๐ฅ๐ ๐๐ซ๐๐๐ค๐ข๐ง๐ ๐๐ฒ๐ฌ๐ญ๐๐ฆ๐ฌ, ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ ๐๐ฒ๐ฉ๐ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐๐๐ฏ๐๐ง๐ฎ๐, ๐๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐๐๐๐ - ๐๐๐๐)
โข GPS/Satellite
โข GPRS/Cellular Networks
โข Dual Mode
๐๐๐ก๐ข๐๐ฅ๐ ๐๐ซ๐๐๐ค๐ข๐ง๐ ๐๐ฒ๐ฌ๐ญ๐๐ฆ๐ฌ, ๐๐จ๐ฆ๐ฉ๐จ๐ง๐๐ง๐ญ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐๐๐ฏ๐๐ง๐ฎ๐, ๐๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐๐๐๐ - ๐๐๐๐)
โข Hardware
โข Software
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Spatial OMICS Market: https://www.polarismarketresearch.com/industry-analysis/spatial-omics-market
Drone Mapping Software Market: https://www.polarismarketresearch.com/industry-analysis/drone-mapping-software-market
Travel and Expense Management Software Market: https://www.polarismarketresearch.com/industry-analysis/travel-and-expense-management-software-market
Marketing Analytics Software Market: https://www.polarismarketresearch.com/industry-analysis/marketing-analytics-software-market
Tensiometer Market: https://www.polarismarketresearch.com/industry-analysis/tensiometer-market
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ง๐๐จ:
Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.
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