The global vehicle tracking system market is anticipated to grow at a CAGR of 9.2% during the forecast period (2024-2031). The rising adoption of advanced technology for the security and safety of vehicles are factors driving the market's growth. Increasing government regulations in vehicle security and safety for both passenger and commercial cars and the expansion of fleet operations in developing countries are accelerating the growth of the market. Government organizations and fleet management businesses have demanded that all vehicles have monitoring devices fitted to track their position and speed owing to increased traffic accidents.
Browse the full report description of “Vehicle Tracking System Market Size, Share & Trends Analysis Report by Component (Hardware and Software), by Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles), and by Technology (GPS/Satellite, GPRS/Cellular Network and Dual Mode), by End-Users (Transportation & Logistic, Aviation, Retail, Government & Defense, and Other), Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/vehicle-tracking-system-market
Market player offering remote diagnostics, predictive and preventative maintenance, geofencing, theft prevention, location/asset tracking, and more through flexible service suites for connected automobiles. For instance, in September 2023, Qualcomm Technologies, Inc. launched new product additions to its Snapdragon Digital Chassis portfolio. Known as the QWM2290 and QWS2290 platforms, the new products are engineered to deliver enhanced safety, remote vehicle diagnostics, predictive/preventative maintenance, user authentication, geofencing, theft protection, location/asset tracking and more.
Antenna solutions that consistently perform in all conditions. The GPS antennas provide reliable, accurate, and durable solutions for precise navigation and location tracking. For instance, in September 2023, KP Performance Antennas, an Infinite Electronics International, Inc. brand launched advanced vehicle GPS antennas designed to redefine accuracy and reliability in automotive applications. The new vehicle GPS Antennas is for enhanced navigation and tracking. The design makes them the ideal choice for vehicle tracking, fleet management, telematics, and navigation systems.
Various GPS trackers are made to track assets and equipment. Customers can manage their equipment and vehicle monitoring in one location with Fleet Connect and the entire suite of fleet management and vehicle tracking products. For instance, in October 2020, Zubie, Inc. launched Zubie Asset Trak, a GPS device designed to track equipment and assets such as trailers, containers, industrial lawn mowers, and UTVs. Asset Trak is a powerful complement to Zubie Fleet Connect and the full range of vehicle tracking and fleet management solutions enabling customers to manage all of their vehicle and equipment tracking in a single place.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Component
o By Vehicle Type
o By Technology
o By End-Users
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes Garmin Ltd., ORBCOMM Inc., Quartix Inc., Queclink Wireless Solutions Co., Ltd., Samsara Inc., and others.
Key questions addressed by the report
Global Vehicle Tracking System Market Report Segment
By Component
Hardware
Software
By Vehicle Type
By Technology
By End-Users
Global Vehicle Tracking System Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/vehicle-tracking-system-market