North America Vehicle Tracking System Market Forecast 2022-2030
The North America vehicle tracking system market is set to develop with a CAGR of 15.94% across the estimated years of 2022 to 2030. The region’s market growth is augmented by substantial investments in research and development activities for introducing vehicle tracking systems with precise accuracy, as well as the rising need for large-scale fleet operators and single-vehicle owners.
The North America vehicle tracking system market growth analysis encompasses a detailed assessment of the United States and Canada. Vehicle tracking systems facilitate the continuous tracking and control of vehicles through the use of computers, tablets, smartphones, and other devices. Rising fleet operations are linked to the increasing need for goods and services as companies continue to expand their fleet numbers as well as operations. In this regard, vehicle tracking systems greatly assist managers in terms of operating fleets efficiently.
In Canada, fleet operators such as Canada National Transport, Mullen group, Day & Ross, and others manage fleets of hundreds and thousands of trucks. Moreover, they also operate on a larger scale and, as a result, must manage and keep track of vehicles in transit. Since these companies are largely reliant on various vehicle tracking systems, the increasing demand from automobile and fleet operators plays a vital role in augmenting the growth of the North America vehicle tracking system market.
Some of the key companies operating in the market include Orbcomm Inc, Sierra Wireless Inc, etc.
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