Vehicle Tracking Systems Market Share & Global Industry Forecast Report, 2021-2028

 

Global Vehicle Tracking Systems Market

In accordance with the GMI Research the Vehicle Tracking Systems Market will bolster at a robust rate during the forecast period. This is because of the aggravating agitation of vehicle safety, carbon discharge, and increasing implementation of GPS tracking in the logistics sector.

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Vehicle Tracking Systems Market Dynamics

The enlarging fleet size of logistics and transportation industries has stimulated the need of fleet tracking in vehicles for their timely delivery and safety. Also, the association between telecommunication and information technology has engendered extensive solutions to various industries, allowing organisation to cut cost, fasten delivery, and enhance effectiveness. Thus, the significant augmentation in supply of commercial vehicles will drive the fleet tracking and maintenance functions, thereby fuelling the global Vehicle Tracking Systems Market size. For instance, in accordance with the Organisation Internationale des Constructeurs d’Automobiles (OICA), Germany experienced a remarkable expansion in supply of commercial vehicle from 386,282 units in 2018 to 409,801 units in 2019. Also, Canada experienced an augmentation of 1,479.2 million units in 2019 in contrast to 1,407.2 million units in 2018.

Besides this, the outburst of the coronavirus crisis had a negative influence on the sales of automotive. The overall production reduced gradually primarily in North America and Europe, among other regions. Moreover, according to the Vehicle Tracking Systems Market Analysis,  the recession faced by major end-use industries, such as retail, transportation & logistics, construction and manufacturing industry raised the market growth. However, the inaccurate GPS locations may hinder the Vehicle Tracking Systems Market Size.

Vehicle Tracking Systems Market Segmentation:

Segmentation by Vehicle Type
  • Passenger Vehicles
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
Segmentation by End-Use
  • Transportation & Logistics
  • Construction & Manufacturing
  • Aviation
  • Retail
  • Government & Défense
  • Others
Segmentation by Region:
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • RoW
    • UAE
    • Brazil
    • South Africa
    • Saudi Arabia

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