The Global Vehicle Tracking System Market size was valued at US$ 21,640 million in 2022, and anticipated to grow at a CAGR of 14.3 % over the forecast period. A vehicle tracking system tracks and keeps a record of a vehicle's activity using the global positioning system (GPS) or cellular network. Remote vehicle tracking & monitoring, vehicle maintenance, vehicle diagnostics, fuel management, route optimization, driver management, and safety management are all included. Using a combination of GPS, GSM/GPRS, digital maps, and specialised software, vehicle tracking systems operate. The GPS coordinates that display the vehicle's current location are continuously collected by a tracking module installed in the vehicle. The coordinates are immediately sent to the user's computers via a cellular data connection. In a manner comparable to in-dash and portable GPS-based navigation systems, customers log into the software to view their vehicles on road maps. There are tracking systems that don't provide real-time monitoring and instead record the locations for later transmission. When the vehicle is returned at the end of the trip, the information is retrieved from the module. To Get Details : https://analyticsmarketresearch.com/reports/vehicle-tracking-system-market/23838/

https://www.globenewswire.com/news-release/2022/11/15/2555970/0/en/Vehicle-Tracking-System-Market-Size-to-Reach-23-7Bn-Globally-by-2028-Growing-at-8-7-CAGR-New-Research-Study-by-The-Insight-Partners.html