Asia Pacific Vehicle Tracking Market
Asia Pacific Vehicle Tracking Market
The vehicle tracking market of Asia Pacific is projected to
account for approximately 21% of the volume share by 2024. The emerging economies, particularly in this
region is improving the regional penetration rate made this projection.
account for approximately 21% of the volume share by 2024. The emerging economies, particularly in this
region is improving the regional penetration rate made this projection.
The vehicle tracking mechanism has observed as the fleet
management market.
management market.
Rapid urbanization, effective communication network,
adoption of high-tech software, the adoption of wireless technology toward
vehicle tracking and its overall maintenance is driving the growth of the fleet
management market of the Asia Pacific.
adoption of high-tech software, the adoption of wireless technology toward
vehicle tracking and its overall maintenance is driving the growth of the fleet
management market of the Asia Pacific.
A significant rise in air traffic, growing market for
international trades of goods and services, and infrastructure development are
the factors that would additionally add to the market potential during the
forecast period.
international trades of goods and services, and infrastructure development are
the factors that would additionally add to the market potential during the
forecast period.
Based on the countries, the vehicle tracking market segments
are China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia
Pacific.
are China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia
Pacific.
In this region, a synergy between telecommunications and
information technology has introduced the next generation solutions in multiple
sectors, enabling speed deliveries and improved efficiency in the
transportation system.
information technology has introduced the next generation solutions in multiple
sectors, enabling speed deliveries and improved efficiency in the
transportation system.
Increasing deployment of vehicle tracking devices by the
transportation service providers to ensure fast movement of goods is primarily
driving the GPS tracking industry size.
transportation service providers to ensure fast movement of goods is primarily
driving the GPS tracking industry size.
Multiple countries have guidelines on application, usage,
and installation of fleet monitoring devices. Increasing automobile theft in
countries is driving the regulations to be mandatory on product usage.
and installation of fleet monitoring devices. Increasing automobile theft in
countries is driving the regulations to be mandatory on product usage.
For instance, on the policy intervention front, India once
the Central Government’s mandate – that all public commercial vehicles must
have a vehicle tracking device installed – comes into effect. The initial
deadline for the mandate was April 1, 2018, but it’s been postponed.
the Central Government’s mandate – that all public commercial vehicles must
have a vehicle tracking device installed – comes into effect. The initial
deadline for the mandate was April 1, 2018, but it’s been postponed.
Additionally, with increasing sales of commercial
automobiles in developing countries the vehicle tracking market will gain
higher momentum.
automobiles in developing countries the vehicle tracking market will gain
higher momentum.
Globally, the vehicle tracking market is estimated to foster
over owing to rising safety and security awareness, particularly in the
corporate sector.
over owing to rising safety and security awareness, particularly in the
corporate sector.
The growing need for monitoring the automobile movement
carrying both passengers as well as goods will promote this market and its
components.
carrying both passengers as well as goods will promote this market and its
components.
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