Global Smart Car Tracking Systems Market: Introduction
The smart car tracking system is a hardware device or an electronic component that is installed in the car for tracking purpose. This smart car tracking system is used to monitor and track the position of the car by using GPS (Global Positioning System) and GSM (Global System for Mobile). This smart car tracking system, with the help of GPS value, allows a person to calculate the distance with respect to time. Moreover, the distance and direction are fed into the electronic component ? microcontroller. This information is further transmitted to GSM through digital modulation techniques.
This signal is further demodulated and sent to the user’s mobile, which contains an application specifically developed for this information. The smart car tracking system can give the status of the car in defined states such as in journey, off journey, break and parked.
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Global Smart Car Tracking Systems Market: Regional Outlook
Geographically, the smart car tracking systems market can be segmented into North America, Western Europe, Latin America, Eastern Europe, Asia Pacific excluding Japan (APEJ), Middle East & Africa (MEA), and Japan.
North America is expected hold the largest share of the market during the forecast period because of the fast adoption of technology in the automotive sector. APAC is expected to exhibit high growth potential during the forecast period owing to increase in demand of smart car tracking systems in this region.
Global Smart Car Tracking Systems Market: Segmentation
The global smart car tracking systems market can be segmented on the basis of type, deployment, industry and region.
- Standalone tracker
- OBD device
- Advance tracker
- Personal vehicle
- Commercial vehicle
- Transportation & Logistics
- Oil & Gas
- Metals & Mining