GPS Tracking Devices market for commercial vehicles will be a major market in 2020. Deployment of GPS tracker helps to track and monitor commercial vehicles such as trucks, buses, heavy commercial vehicles, Logistics and construction vehicles. The increasing sales of commercial vehicles would increase the adoption of GPS Tracking Devices.
The worldwide vehicle tracking systems market size is expected to reach $15,957.5 million by 2025, from $4,765.0 million in 2017, growing at annual growth rate of 19.9% from 2018 to 2025.
Vehicle Tracking Systems Market comprises the revenue generated from the sales of the complete solution, which includes hardware, software, and other subscription fees associated with the tracking and data reporting technology. This solution takes into the loop the different aspects such as GPS, GSM/ GPRS, digital maps, specialized software, and others.
By tracking and managing these vehicles in real-time, enterprises can efficiently utilize their resources. Vehicle tracking System by Utrack ensures the safety of vehicles. In case of an emergency, Utrack helps to locate the vehicles and show the exact location from where a distress signal was received.
Smartphone plays an important role in the day to day life. Technological revolution helps manufacturers introduce a variety of smartphones at lower prices. Advancements in technology and different software applications allow smartphone users to access GPS signals to track vehicles, etc.
Utrack has developed a mobile application which is easy to install, provide user-friendly GUI, and are affordable. Adoption of smartphones as tracking devices is increasing rapidly. Many cab service providers and transportation companies are using tracking devices to track their vehicles.
GPS tracking devices are available in sizes that are smaller than a smartphone and are expected to become even smaller in the near future. With recent technological advancements, it is possible to develop thumbnail-sized GPS receivers and tiny batteries, which make GPS tracking unit a long-lasting application.
The inbuilt non-rechargeable batteries in GPS tracker have an average lifespan of 3– 4 years; these help in smooth operations. Utrack devices will provide a high return on investment (ROI) and minimum sale guarantee for Distributors & Dealers. Pragati Advance GPS tracker provides various valuable information related to vehicle engine diagnosis, temperature control, and others. These devices can be used to monitor vehicles from a remote location.
The transportation & logistics industry represented the biggest portion of the GPS tracking device market. The said industry is expected to grow at the highest rate in the coming years. Utrack GPS tracking device can be used in commercial vehicles such as trucks, trailers, buses, and light commercial vehicles for tracking purposes.
The rise in adoption of intelligent transport systems is the prime driving factor of the global vehicle tracking systems market. Another factor which positively impacted the sales of vehicle tracking systems is the safety and security concern of women within transportation services.
Utracker GPS tracker ID card is designed especially for women, older Citizens & children safety with multi-functional live tracking facilities. Wear around his/her neck like an ID card & Track and monitor your loved ones from the comfort of your home with Mobile Application.
Increase in choices creating market shifts is a challenging factor for the top players in the vehicle tracking systems market. These rising number of industry players leads to a fragmented industry structure. On the contrary, the vehicle tracking systems market analysis is expected to create an opportunistic market for players by winning new customer segments from diverse industry verticals.
Knowing where your vehicles are in real-time on your mobile is valuable management & cost-control tool. Vehicle owners, parents, delivery, transportation, trucking, mobile service companies, private investigators & many others can all benefit from Utrack software & service.
Utrack is intending to expand business reach in different parts of the nation. For this reason, we are searching for supportive and credible distributors in different cities who can help us in making our products more accessible. To become a Distributor/Dealer call us at +91 9154153335
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