The soaring adoption of intelligent transport systems is considered one of the primary driving factors of the Vehicle Tracking System Industry. The growth in fleet operations, especially in the emerging markets, is predicted to propel the revenue growth of the vehicle tracking systems market.

Competitive Dashboard

The players operating in the global Vehicle Tracking System Industry include Cartrack Holdings Limited (South Africa), AT&T Inc. (US), Robert Bosch GmbH (Germany), Continental AG (Germany), Spireon, Inc. (the US), Verizon Communications Inc.

The global Vehicle Tracking System Industry is segmented on the basis of type, technology, propulsion, vehicle type, and application.

By propulsion type, the market is segmented into ICE and electric vehicle.

By vehicle type, the market is segmented into passenger car and commercial vehicle. Of these, passenger vehicles are likely to gain prominence due to the growth in fleet operators, specifically in emerging markets. The proliferation of the internet is also considered a key factor contributing to the market growth in the passenger car segment.

By application, the [FURL=https://www.marketresearchfuture.com/reports/vehicle-tracking-system-market-7947]Vehicle Tracking System Industry[/FURL] comprises residential and commercial. Of these, commercial vehicles are likely to have the largest share. Advance trackers are popular among commercial vehicles as they provide advanced vehicle diagnostics data, which can be monetized to augment the fleet operational performance, maintenance scheduling, and usage-based insurance calculation.

Regional Frontiers

North America will experience significant growth for the vehicles security market, mainly due to the soaring demand for new commercial vehicles, coupled with the growing number of vehicle thefts. The increasing demand for environmentally-friendly vehicles is further estimated to trigger the demand from the Vehicle Tracking System Industry. Moreover, the existence of industry bigshots like Spireon, Inc, Verizon Communications Inc, THE US Fleet Tracking, and Inseego Corp in Canada and the U.S. are promoting the market growth. Companies are highly embracing the latest technologies to improve the products associated with vehicle security. This will further augment the development of efficient vehicle security systems and solutions.

Industry Updates

June 2019: Zensors, a Carnegie Mellon University spinout company, involved in the development of cloud-based visual sensing systems, has recently unveiled its all-new deep learning technology, named Car Pose Net. This technology is a 3D vehicle tracking system, which uses existing camera infrastructure.

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