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Alongside, the rise in demand for semi-autonomous and autonomous vehicles, the launch of 5G technology, need for better vehicle connectivity, and the availability of cloud computing-based vehicle tracking solutions are likely to contribute largely to the growth of the worldwide Automobile Tracking Systemss market.
Segmental Outline
The global market of Automobile Tracking Systems market is assessed y segmental analysis to obtain a comprehensive study. The worldwide market of Automobile Tracking Systems segments are based on technology, type, vehicle type, propulsion, and application. By type, the market is sectioned into active and passive system. By technology, the market is segmented into global positioning system (GPS), connectivity technology, global navigation satellite system (GLONASS), and others. By propulsion type, the market is sectioned into electric vehicle and ICE. By vehicle type, the market is split into commercial vehicle and passenger car. The application-based segments of the market are commercial and residential.
Key Players
MRFR profiled some of major players of the global Automobile Tracking Systems market. They are; Cartrack Holdings Limited (South Africa), AT&T Inc. (US), Robert Bosch GmbH (Germany), Continental AG (Germany), US Fleet Tracking (US)
Regional Outlook
The growth of the Automobile Tracking Systems market in the Asia Pacific region can be attributed to hike in the rate of adoption of luxury and premium vehicles. Additional factors that are expected to propel the market in APAC are rise in demand for automobiles and the presence of proficient automobile manufactures in regions, such as Japan, India, and other APAC countries. Moreover, the availability of sophisticated solutions is likely to make the Automobile Tracking Systems market grow across the forecast period.
In regions, such as the Middle East & Africa, and South America the Automobile Tracking Systems market growth is expected to spur due to the increase in the expenditure on vehicle making by international players. In South America, the Automobile Tracking Systems market is likely to register a decent growth patter owing to the rapid integration of advanced technologies in the Automobile Tracking Systems.
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