Automobile Tracking Systems Market Overview
Automobile Tracking Systems is a real time data tracking system that works using GPS and GSM technologies. It provides the exact movement of a vehicle from any location, at any time. Furthermore, cellular or radio transmitters are also used to track the vehicles. Automobile Tracking Systemss are also popular in consumer vehicles for theft prevention, monitoring, and retrieval device.
The global Automobile Tracking Systems market is anticipated to garner a CAGR of 14.3% during the forecast period (2019-2025).
The players operating in the global Automobile Tracking Systems market include Cartrack Holdings Limited (South Africa), AT&T Inc. (US), Robert Bosch GmbH (Germany), Continental AG (Germany), Spireon, Inc. (the US), Verizon Communications Inc. (US), Inseego Corp. (US), Geotab Inc. (Canada), TRACK GROUP (US), and US Fleet Tracking (US).
The global Automobile Tracking Systems market is segmented on the basis of type, technology, propulsion, vehicle type, and application.
By type, the Automobile Tracking Systems market is segmented into active and passive system. Of these, the active segment is likely to be the most lucrative one, due to the surging preference for real-time data reporting and monitoring, which indirectly reflects the future of mobility solutions.
By technology, the Automobile Tracking Systems market is segmented into global positioning system (GPS), global navigation satellite system (GLONASS), connectivity technology, and others.
By propulsion type, the market is segmented into ICE and electric vehicle.
By vehicle type, the market is segmented into passenger car and commercial vehicle. Of these, passenger vehicles are likely to gain prominence due to the growth in fleet operators, specifically in emerging markets. The proliferation of the internet is also considered a key factor contributing to the market growth in the passenger car segment.
By application, the market comprises residential and commercial. Of these, commercial vehicles are likely to have the largest share. Advance trackers are popular among commercial vehicles as they provide advanced vehicle diagnostics data, which can be monetized to augment the fleet operational performance, maintenance scheduling, and usage-based insurance calculation.
June 2019: Zensors, a Carnegie Mellon University spinout company, involved in the development of cloud-based visual sensing systems, has recently unveiled its all-new deep learning technology, named Car Pose Net. This technology is a 3D Automobile Tracking Systems, which uses existing camera infrastructure.
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