The Asia Pacific Vehicle Tracking Systems Market would witness market growth of 20.0% CAGR during the forecast period (2018 – 2024). The rapid expansion of the ride-hailing industry, which attributes supporting government policies and increasing consumer demand, is likely to offer lucrative opportunities to the vehicle tracking system market.
One of GPS tracking systems’ major benefits in transportation-related activities is increased productivity and efficiency. The ability to track commercial vehicles enables accurate delivery times to be predicted, customers to be informed of late delivery, time or date changes in advance. Tracking fuel consumption allows companies to calculate the exact cost of their journey, warn drivers of driving style and selected routes. In order to guarantee discipline between vehicle users, other companies use GPS tracking to reduce operating expenses. Generally, one thing is sure about vehicle tracking systems–saving business time and money in one way or another.
Based on Type, the market is segmented into Active and Passive. Based on Vehicle Type, the market is segmented into Passenger Vehicles and Commercial Vehicles. Based on Tracking Mode, the market is segmented into Cellular Tracking, Satellite Tracking and Mobile Tracking. Based on End User Vertical, the market is segmented into Transportation & Logistics, Aviation, Retail, Government and Others (Construction, Healthcare and others). Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cartrack Holdings Limited, Spireon Inc., Inseego Corp., Fortive Corporation (Teletrac Navman US Ltd), AT&T Inc., Continental AG, Robert Bosch GmbH, Verizon Communications Inc., Geotab Inc., and TomTom Inc.