Market Research Report
Latin America, Middle East & Africa Vehicle Tracking Systems Market (2018 - 2024)
|Published by||KBV Research||Product code||834628|
|Published||Content info||129 Pages
Delivery time: 1-2 business days
|Latin America, Middle East & Africa Vehicle Tracking Systems Market (2018 - 2024)|
|Published: April 30, 2019||Content info: 129 Pages||
The Latin America, Middle East and Africa Vehicle Tracking Systems Market would witness market growth of 22.5% CAGR during the forecast period (2018 - 2024).
LAMEA vehicle tracking systems market growth is directly related to increased industry participation in the entire ecosystem. Top automotive-consuming countries from the GCC region such as the UAE, Saudi Arabia, and others are making a contribution to this growth through new vehicle sales facilitated by population growth, high disposable income, and notable future infrastructure innovations. Due to the presence of major local providers, South Africa is the largest contributor. Cartrack Holdings Ltd. with innovative fleet management solutions is one such prominent player from this country. In addition, the region of Latin America invests in heavy equipment in the construction and mining industries. These investments drive the adoption of vehicle tracking systems in commercial vehicles.
Based on Type, the market is segmented into Active and Passive. Based on Vehicle Type, the market is segmented into Passenger Vehicles and Commercial Vehicles. Based on Tracking Mode, the market is segmented into Cellular Tracking, Satellite Tracking and Mobile Tracking. Based on End User Vertical, the market is segmented into Transportation & Logistics, Aviation, Retail, Government and Others (Construction, Healthcare and others). Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cartrack Holdings Limited, Spireon Inc., Inseego Corp., Fortive Corporation (Teletrac Navman US Ltd), AT&T Inc., Continental AG, Robert Bosch GmbH, Verizon Communications Inc., Geotab Inc., and TomTom Inc.