GPS Tracking Device Market: Overview Of Key Market Forces Propelling And Restraining Market Growth 2017 - 2025

-
Global GPS Tracking Device Market: Overview
The global market for GPS tracking devices is gaining momentum due to the adoption of better technologies across several sectors. The impetus given to security systems and better management of resources will play a pivotal in enhancing market growth. GPS (Ground Positioning System) technology is widely used to determine the precise location of vehicles and other mobile entities. The information regarding the moving object can be transmitted to a central control unit or can also be stored within the tracking device. The system uses satellite, radio, or cellular modems fitted with the tracking device; devices enabled with GPS can be used to track the mobile objects. The device’s location uses geometric coordinates to position the object on a map. The GPS tracking system is divided into three parts viz. basic, intermediate, and advance design.
Transparency Market Research (TMR) elucidates key facts about the market in a report. The market dynamics have been decrypted to understand the pivotal forces that could augment growth in the future. The report employs pragmatic methodologies to gauge the progress of the market, and collects data through primary, secondary, and tertiary modes of research. The market growth has been quantified in the form of key parameters such as growth rate, market value, and regional market share. The report shall act as an important focal point for market players and analysts to gauge the future success of the market.
Global GPS Tracking Device Market: Key Trends and Opportunities
The prime reason that propels demand for GPS devices is the accuracy of these devices in ascertaining the position of mobile objects. Moreover, the installation of these devices does not incur very high costs, which further popularizes these devices. The relatively low cost also makes it easy for small- and medium-sized businesses to deploy these systems and improve their efficiency. Hence, the market has been expanding its consumer base over the years. 
For More Details, Request A Sample Report@ 
The transport industry is a key consumer of these products; buses, trucks, freights, and
 cars owned by businesses are fitted with GPS tracking system. Another important factor bolstering demand is installation of these devices across public transport systems. The governments want to add utility to public services, thus, these systems are being rapidly adopted across government undertakings.
Global GPS Tracking Device Market: Regional Analysis
The global market for GPS tracking devices is geographically segmented into the Middle East and Africa, South America, Asia Pacific, North America, and Europe. The market in Asia Pacific is expected to exhibit a high growth rate on account of the rising popularity of automation in the regions. The affluence of regional market is expected to depend on the assistance from government initiatives and expansion of transport businesses.
Global GPS Tracking Device Market: Vendor Landscape
The market players operational in the global market are expected to innovate their solution portfolio to garner a greater market share. The leading players include Laird PLC,Calamp Corp, Teltonika UAB, Concox Wireless Solution Co., Ltd., TomTom International BV, Sierra Wireless Inc.,Geotab Inc. Meitrack Group, ATrack Technology Inc, Orbocomm Inc, Ltd, and Trackimo LLC.

Comments

Post a Comment

Popular posts from this blog

Oil and Gas Terminal Automation Market: To Reflect Impressive Growth Rate By 2019 - 2027

-
  Global  Oil and Gas Terminal Automation Market : Overview A sturdy growth rate, compounded annually, will be recorded in the global oil and gas terminal market, states Transparency market Research (TMR), for the period of 2019 to 2027. It will be driven forward on to a high growth trajectory at the back of a number of growth factors. Some of these are low oil prices and growing demand for natural gas across a number of varied industry verticals. Demand for oil and gas will also be pushed up by growing population for its energy and fuel needs. This in turn will require more exploration, extraction, better storage and robust distribution. And, this again would lead to demand for oil and gas terminal automation. Therefore, the market will be rife with new opportunities of growth in this period. And, as per TMR, the players would do their best to make the most of these. Global Oil and Gas Terminal Automation Market: Competitive Landscape Global oil and gas terminal automation market is a
Read more

Military Land Vehicle Electronics Market: Latest Trends and Forecast Analysis up to 2019 - 2027

-
Global Military Land Vehicle Electronics Market – Introduction Military land vehicle electronics are used in military land vehicles to enable navigation, communication, and observation in the exchange of intra-vehicular or inter-vehicular information. They are used in the military to increase warfare capabilities in surveillance, intelligence, and reconnaissance missions. This is expected to enhance the demand for military land vehicle electronics across the world.  The growing trend of an open reference architecture system is augmented by an increasing need for military land vehicle electronics, which is turn is expected to fuel the market. Besides, armored fighting vehicles (AFVs) are equipped with networked information technology, so as to provide them with combat capabilities and optimal situational awareness. This in turn is expected to boost the military land vehicle electronics market over the forecast period. Key Drivers of the Military Land Vehicle Electronics Market
Read more

Impact Sensing Door Unlock System Market will Generate New Growth Opportunities By 2019 - 2027

-
  Impact Sensing Door Unlock System : Introduction The impact sensing door unlock system unlocks the door automatically without a key, it can be operated through a mobile application. The impact sensing door unlock system consists of sensors and an electronic control unit, wherein the sensors receive a signal from the wireless system and transmits that signal to the electronic control unit. The electronic control unit is wired to the central lock, which in turn unlocks or locks all the doors of the vehicle. Key Drivers of Impact Sensing Door Unlock System Market Rise in demand for safety and security features in a vehicle is estimated to boost the impact sensing door unlock system market. Every vehicle manufacturer is trying to boost the integration of advanced safety features, including center locking system with impact sensing door unlock system that is activated through a mobile application. This in turn is projected to fuel the demand for the impact sensing door unlock system. Incr
Read more