According to a new report Global Vehicle Tracking Systems Market, published by KBV research, The Global Vehicle Tracking Systems Market size is expected to reach $13.4 billion by 2024, rising at a market growth of 18.9% CAGR during the forecast period.
The Asia Pacific market would dominate the Global Passenger Vehicle Tracking Systems Market by Region by 2024. The Europe market is expected to witness a CAGR of 17% during (2018-2024). Additionally, The North America market is expected to witness a CAGR of 16.6% during (2018-2024).
The Active market dominated the Global Vehicle Tracking Systems Market by Type 2017. The Passive market is expected to witness highest CAGR of 17% during (2018-2024).
The Cellular Tracking market dominated the Global Vehicle Tracking Systems Market by Tracking Mode 2017, growing at a CAGR of 18 % during the forecast period. The Satellite Tracking market is expected to witness a CAGR of 19.6% during (2018-2024). Additionally, The Mobile Tracking market is expected to witness highest CAGR of 20.8% during (2018 – 2024).
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The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
Global Vehicle Tracking Systems Market Size Segmentation
By Vehicle Type
By Tracking Mode
Transportation & Logistics
Rest of North America
Rest of Europe
Rest of Asia Pacific
Rest of LAMEA
Cartrack Holdings Limited
Fortive Corporation (Teletrac Navman US Ltd)
Robert Bosch GmbH
Verizon Communications Inc.
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