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(IT-NEWSWIRE.COM, August 21, 2018 ) Market Overview:-
Global Vehicle Tracking Market size is projected to cross USD 11 billion by 2024. Rising automobile security concerns, particularly in corporate sector is primarily driving the industry growth rate over the study period. Increasing need to monitor the automobile movement for passenger and goods security will further boost the product sales. Integration of telecommunication and information technology has developed next generation solutions in diverse sectors. This enables rapid deliveries with precision inducing immense potential to the industry size over the forecast time span.
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Fleet management segment will grow substantially between 2017 and 2024. This growth can be attributed to benefits offered such as fuel monitoring, maximum automobile utilization, and speed detection. Cargo logistics will pose significant growth rate owing to improvements in mobile technology. These improved units enable continuous communication with the automobiles. Ease of availability and cost effectiveness will further influence the product penetration across the globe.
Top Key Players:-
The key players of global Vehicle Tracking Market are Calamp, Fleetistics, Garmin, Maestro Wireless Solutions Ltd., Mio, Navotar, Orbocomm, Matrix, GPS-Track, AVL View, TrackMe, India Mart, eBay, Amazon, Geek Buying, Snap Deal, Flipkart, Shopclues, Safekar.
Regional Segmentations:-
North America vehicle tracking market is estimated to hold maximum volume share over the next eight years owing to presence of technology providers together with major automobile manufacturers across the region. Multiple regulatory bodies such as Federal Motor Carrier Safety Administration (FMCSA) is mandating product deployment in all type of automobiles thereby enhancing the regional dominance.
Asia Pacific will exhibit significant growth owing to increasing automobile production combined with upcoming strict rules particularly in developing nations.
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Major Points of Table Of Content:-
Vehicle tracking Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Supplier
3.3.2. Manufacturers
3.3.3. Distribution channel analysis
3.3.4. Vendor matrix
3.4. Technology landscape
3.5. Pricing analysis
3.5.1. Regional pricing
3.5.1.1. North America
3.5.1.2. EU
3.5.1.3. APAC
3.5.1.4. LATAM
3.5.1.5. MEA
3.5.2. Cost structure analysis
3.6. Regulatory landscape
3.6.1. U.S.
3.6.2. EU
3.6.3. China
3.7. Industry impact forces
3.7.1. Growth drivers, by region
3.7.1.1. NA
3.7.1.2. EU
3.7.1.3. APAC
3.7.1.4. LATAM
3.7.1.5. MEA
3.7.2. Industry pitfalls & challenges
3.8. Innovation and sustainability
3.8.1. Integration of the system with smart phones and tablets
3.8.2. Combining social media with GPS management system
3.9. Growth potential analysis
3.10. Porter's analysis
3.11. Competitive landscape, 2016
3.11.1. Company market share analysis, 2016
3.11.2. Strategy dashboard
3.12. PESTEL analysis
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Active vehicle tracking units will hold highest volume share till 2024 due to provision of benefits such as accuracy in delivery time information, versatile networks, automatic reassignment, and real time monitoring. Passive technology will exhibit over 7.5% CAGR during the forecast period owing to easy and quick installation process.
Wired devices segment in the vehicle tracking market is anticipated to acquire 92% of the volume share over the forecast period. Continuous technological improvements such as enhanced satellite view along with cell phone tracking are propelling the customers to increasingly implement these devices in their fleet. Wireless vehicle tracking units are predicted to pose significant growth rate due to their compact size and ease of portability.
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Global Market Insights, Inc.
Arun Hegde
1-888-689-0688
sales@gminsights.com
Source: EmailWire.Com 
Source: EmailWire.com
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