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This signal is further demodulated and sent to the user’s mobile, which contains an application specifically developed for this information. The smart car tracking system can give the status of the car in defined states such as in journey, off journey, break and parked. Some of these smart car tracking system are also enabled with accident alert system, so whenever a car meets with an accident and the driver gets injured, then an alert will be sent by SMS to the driver’s family members, police station and ambulance along with the location of the accident. Moreover, these smart car tracking system are also equipped with vehicle theft control, which enables the owner to track the car if stolen. These benefits are contributing to the growth Of Smart Car Tracking Systems Market.
Global Smart Car Tracking Systems Market: Dynamics
With the help of the smart car tracking system, a person can ensure the security of the driver or the passengers, which is one of the key factors that is driving the growth of the smart car tracking systems market. Also, the government of some countries are taking initiatives for the implementation of smart car tracking system, which is further fueling the growth of this market. The continuous rise in demand for innovative solutions in car market are also propelling the surge in the smart car tracking systems market. Moreover, some smart car tracking systems with real time tracking enables the user to identify some important factors such as fuel consumption, excessive speeding, engine idling and mileage. Thus, with the help of these smart car tracking system, the user can reduce the fuel consumption, which is another factor powering the growth of the smart car tracking systems market.
However, the smart car tracking system with added features is expensive and is restraining the growth of the smart car tracking systems market. Moreover, some of the smart car tracking system work on real time basis and those systems do not work without internet connectivity, which is hindering the growth of the smart car tracking systems market.
Global Smart Car Tracking Systems Market: Segmentation
The global smart car tracking systems market can be segmented on the basis of type, deployment, industry and region.
- Standalone tracker
- OBD device
- Advance tracker
- Personal vehicle
- Commercial vehicle
- Transportation & Logistics
- Oil & Gas
- Metals & Mining
Global Smart Car Tracking Systems Market: Competition Landscape
In February 2018, CarTrack Holdings Ltd. launched a new product. Line vision system, which is an easy to use four camera video system that keeps fleet owners in visual contact with their vehicles. With the help of this system, one can access real time footage to track their vehicles, aid in improving the driver’s performance and also control costs.
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The key vendors in Smart Car Tracking Systems market are AT&T Intellectual Property, Calamp Corporation, CarTrack Holdings Ltd., Comm-Port Technologies, Queclink Wireless Solutions Co., Ltd. Continental AG, Eresource ERP, Magna International Inc., Delphi Automotive LLP, Robert Bosch GmbH, Verizon, and Zonar Systems.
The report covers an exhaustive analysis on:
- Global Smart Car Tracking Systems Market Segments
- Global Smart Car Tracking Systems Market Dynamics
- Historical Actual Market Size, 2013 - 2017
- Global Smart Car Tracking Systems Market Size & Forecast 2018 to 2028
- Supply & Demand Value Chain
- Global Smart Car Tracking Systems Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
- Global Smart Car Tracking Systems Market Drivers and Restraints
Regional analysis for Global Smart Car Tracking Systems Market includes
- North America Market
- Latin America Market
- Rest of Latin America
- Western Europe Market
- Rest of Western Europe
- Eastern Europe Market
- Asia Pacific Market
- Australia and New Zealand
- Rest of SEA and Others of APAC
- Japan Market
- China Market
- Middle East and Africa Market
- GCC Countries
- North Africa
- South Africa
- Rest of MEA
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. It provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. It also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of parent market
- Changing market dynamics of the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance
- Must-have information for market players to sustain and enhance their market footprint
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