ICT & Electronics Latin America and Asia GPS Based Vehicle Tracking | Page 3

Increasing policies by government for mandating vehicle tracking system in
vehicles due to increasing instances of hijacking and car theft is also bolstering
the market of GPS based vehicle tracking system. Furthermore, future vehicles
with pre-installed telematics technologies such as tracking devices and increasing
installation of technologically advanced systems such as GPS based vehicle
tracking system are predicted to flourish the growth of GPS based vehicle
tracking system market.
However, high cost associated with GPS based vehicle tracking system and lack of
awareness regarding GPS based vehicle tracking system are some of the factors
hampering the growth of GPS based vehicle tracking system market.
The report titled “Latin America and Asia GPS Based Vehicle Tracking
System Market Analysis & Opportunity Outlook 2024” delivers detailed
overview of the Latin America and Asia GPS based vehicle tracking system
market in terms of market segmentation by solutions, by services, by vehicle type
and by region.
Further, for the in-depth analysis, the report encompasses the industry growth
drivers, restraints, supply and demand risk, market attractiveness, BPS analysis
and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key
players of the Latin America and Asia GPS based vehicle tracking system market
which includes company profiling of Kore, Intellitrac, Iconcox, Astrata Group,
Nissan, Cisco Systems,Trakgp, Fleetmatics and Trimble. The profiling enfolds key
information of the companies which encompasses business overview, products
and services, key financials and recent news and developments. On the whole, the
report depicts detailed overview of the Latin America and Asia GPS based vehicle
tracking system market that will help industry consultants, equipment
manufacturers, existing players searching for expansion opportunities, new
players searching possibilities and other stakeholders to align their market
centric strategies according to the ongoing and expected trends in the future.
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