VTS Market Size| COVID-19 Impact, Demand, Industry Size, Top Players, Opportunities, Sales, Revenue And Forecast To 2025
VTS Market Size| COVID-19 Impact
(firmenpresse) - VTS Market Overview
On the contrary, the failure of cellular and GPS-based trackers, owing to limited wireless and cellular network coverage is predicted to restrict the market growth in the foreseeable future. Moreover, the cost associated with the development of vehicle tracking system is estimated to act as a barrier for new entrants.
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Competitive Dashboard
The players operating in the global VTS Market Size include Cartrack Holdings Limited (South Africa), AT&T Inc. (US), Robert Bosch GmbH (Germany), Continental AG (Germany), Spireon, Inc. (the US), Verizon Communications Inc. (US), Inseego Corp. (US), Geotab Inc. (Canada), TRACK GROUP (US), and US Fleet Tracking (US).
Segmental Analysis
The global VTS Market Size is segmented on the basis of type, technology, propulsion, vehicle type, and application.
By type, the VTS Market Size is segmented into active and passive system. Of these, the active segment is likely to be the most lucrative one, due to the surging preference for real-time data reporting and monitoring, which indirectly reflects the future of mobility solutions.
By propulsion type, the market is segmented into ICE and electric vehicle.
Regional Frontiers
Geographically, the COVID-19 Impact spans across Europe, North America, Asia Pacific, and the Rest of the World (RoW).
Considering the global scenario, the Asia Pacific is considered to be a prominent region in the global market due to the soaring adoption of luxury and premium vehicles among consumers. The VTS Market Size in the APAC is likely to flourish due to the surging demand for automobiles, especially in Japan, China, and India. Moreover, the presence of prominent manufacturers and operating units of global players, coupled with the high availability of sophisticated technologies, will propel the regional market’s growth in the coming years.
Industry Updates
June 2019: Zensors, a Carnegie Mellon University spinout company, involved in the development of cloud-based visual sensing systems, has recently unveiled its all-new deep learning technology, named Car Pose Net. This technology is a 3D vehicle tracking system, which uses existing camera infrastructure.
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