India Vehicle Tracking Market - By Vehicle Type, By Technology, By Application, Competition, Forecast & Opportunities, 2024 Market Reports on India Provides the Trending Market Research Report on “India Vehicle Tracking Market By Vehicle Type (Passenger Car; Commercial Vehicle & Two-Wheeler), By Technology (Mobile Tracking & Satellite Tracking), By Application (Fleet Management, Transport & Logistics & Others), Competition, Forecast & Opportunities, 2024� under Information Technology category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports. India Vehicle Tracking Market stood at $ 185.7 million in 2018 and is projected to grow at a CAGR of over 15.7% to reach $ 432 million by 2024 on account of growing need to monitor the vehicle movement. Global vehicle tracking market was valued at over $ 4 billion in 2018 and is poised to grow at double-digit CAGR during the forecast period. Vehicle tracking technology also helps to improve the efficiency by providing shorter route, traffic and other details. Moreover, regulatory norms for the installation of vehicle tracker on new public transport starting from 1st January 2019 and launch of Indian Regional Navigation Satellite System (IRNSS) for accurate realtime positioning are further positively influencing the growth of the market. Request a free sample copy of Vehicle Tracking Market Report @ http://www.marketreportsonindia.com/marketreports/sample/reports/1640027 India vehicle tracking market can be segmented based on vehicle type, technology, application and region. On the basis of vehicle type, the market can be segmented into passenger car, commercial vehicle and two-wheeler. Passenger car segment dominates the market on account of high sales, however, commercial vehicle segment is expected to grow at an impressive rate during forecast period on account of increasing use of commercial vehicle for the movement of goods and vehicle tracking technology provides real-time tracking. On the basis of technology, the market can be bifurcated into mobile tracking and satellite tracking. Satellite tracking is a widely adopted technology and acquired the major share in 2018, as it is the most economical option when compared with other technologies. In terms of application, the market can be segmented into private cars, transport & logistics, fleet management and others. Transport & logistics application segment is anticipated to witness the fastest growth during forecast period as it is
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