The global vehicle tracking device market size is anticipated to expand on account of increasing use of GPS technology in logistics sector. This information is published in Fortune Business Insights™, latest upcoming report, titled “Vehicle Tracking Device Market Size, Share & Industry Analysis, By Type (OBD Device, Standalone Tracker, Advance Tracker), By Deployment Vehicle (Commercial Vehicle, Cargo Vehicle, Container Vehicle), By Industry (Metals & Mining, Transportation, Logistics and Construction, Others) and Regional Forecast, 2019-2026.”
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https://www.fortunebusinessinsights.com/industry-reports/vehicle-tracking-device-market-101787
Today, modern cars have the option of including a GPS to keep the track of the vehicle by determining precise location. Along with this, a GPS also comes with a built-in navigation system. A vehicle tracking device consists of a software that automatically tracks the vehicle location and stores the data that is useful to locate the vehicle. A vehicle tracking device is the most beneficial during vehicle thefts as it can track the precise location of the stolen vehicle. Additionally, in some countries the government is taking steps to implement the use of vehicle tracking device in commercial segment vehicles in addition to passenger segment. This is expected to boost the demand during the forecast period.
What does the Report Include?
In February 2020, Aeris Communications, an Indian-based service provider, announced its new auto tracking system, that will provide real-time visibility of vehicles by tracking their live location as well as providing history. The company also announced its joint venture with Volkswagen Group of America, and Ventic LLC for developing and operating connected vehicle platform technology. Product launches and joint ventures by key players will contribute to the growth of the market during the forecast period. Below are a few industrial developments:
Industrial Developments:
June 2019: ORBCOMM Inc., a global internet solutions provider, announces its collaboration with maritime technology industry pioneers Weatherdock and Pole Star, to develop Hali. Hali is a class B vessel tracker solution that enables the user to have complete visibility of the vessel.
List of Companies Operating in Global Vehicle Tracking Device Market:
- Orbocomm Inc.
- Calamp Corporation
- Concox Wireless Solution Co., Ltd.
- TomTom International BV
- Sierra Wireless Inc.
- ATrack Technology Inc.
- Trackimo LLC.
- Meitrack Group
- Geotab Inc.
- Laird PLC
