The global Vehicle tracking device market is projected to grow from USD 17.37 billion in 2020 to USD 91.43 billion by 2028 at a CAGR of 19.7% during the forecast period. The technology of the Global Positioning System (GPS) is utilised to pinpoint the exact location of automobiles and other mobile entities. The data collected from moving objects can either be kept in the tracking device or sent to a central control unit. The development of advanced technology across sectors is driving up demand for GPS tracking devices, which are also utilised for vehicle security. A GPS tracking device is integrated with commercial vehicles and passenger vehicles to track the vehicle's location for passenger safety and material shipment.
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A strong research methodology employed in the winning Vehicle Tracking Device Market business report consists of data models that include Market Overview and Guide, Vendor Positioning Grid, Market Time Line Analysis, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. Businesses can attain details about market drivers and market restraints which assist them to take presumption about reducing or increasing the production of particular product.
The report provides a comprehensive analysis of company profiles listed below:
ORBCOMM®
CalAmp.
CONCOX
TomTom International BV.
Sierra Wireless.
ATrack Technology Inc.
Trackimo LLC.
Meitrack Group.
Geotab Inc.
Type Analysis of World Wide Market:
Standalone Tracker
OBD Device
Advance Tracker
Segmentation of global Vehicle Tracking Device Market by Application:
Logistics and Construction
Metals & Mining
Transportation
Others
Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America (Brazil, Argentina and Colombia etc.)
• Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)
This Vehicle Tracking Device market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.
Objectives of the Study
• To define, describe, segment, and forecast the global Vehicle Tracking Device Market by technology, size, resolution, application, and region.
• To forecast the size of the Vehicle Tracking Device market in North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa.
• To provide detailed information about the factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges).
• To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market.
• To analyze market opportunities for stakeholders and provide details of the competitive leadership mapping for key players.
• To profile key players in the market and comprehensively analyze their core competencies and market shares.
• To track and analyze competitive developments such as acquisitions, product launches, collaborations, partnerships, agreements and expansions in the market.
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This research report gives detailed data about the major factors influencing the growth of the Vehicle Tracking Device market at the global level forecast of the market size, in terms of value, market share by region and segment, regional market positions, segment and country opportunities for growth, Key company profiles, SWOT Analysis, product portfolio and growth strategies. In this report, the market’s essential sides such as top participants, expansion strategies, business models and other market features to improve market insight.
