Vehicle tracking systems, also known as GPS tracking systems, are devices that use global positioning system (GPS) technology to determine the location of a vehicle in real-time.
These systems consist of a GPS receiver that is installed in the vehicle and a software application that is accessed through a web portal or mobile app. The GPS receiver communicates with GPS satellites to determine the vehicle’s location and transmits this information to the software application.
Vehicle tracking systems provide a range of benefits, including improved fleet management, increased productivity, and enhanced security. They allow fleet managers to monitor their vehicles’ location, speed, and route, which can help them optimize their operations and reduce costs.
In addition to fleet management, vehicle tracking systems can also be used for personal vehicles, allowing individuals to monitor the location and safety of their vehicles. Some vehicle tracking systems also offer features such as geofencing, which allows users to set up virtual boundaries and receive alerts when a vehicle enters or exits a designated area.
Overall, vehicle tracking systems are a valuable tool for businesses and individuals looking to improve their vehicle management and increase safety and security.
The global vehicle tracking systems market is witnessing unprecedented levels of technological advancements, policy and legislative frameworks and latest trends in mobility development. A few of the recent trends in the vehicle tracking systems market includes satellite-based navigation such as GPS. Companies operating in the market are directing their efforts toward GPS integration, considering the growing advancements in the mobility industry. The GPS system was introduced for military purposes; however, it is now being used for civil use, including vehicle tracking systems, navigation systems, mapping. Such trends are anticipated to propel the growth of the global vehicle tracking systems market.