Vehicle Tracking Device Market Shipments to Register 20% Growth to 2025 : Sierra Wireless, Teltonika, CalAmp, Cartrack, Garmin, Geotab, ORBCOMM
Growth of vehicle tracking device market share can be accredited to the emerging demand of advanced fleet management solutions for reduction of fleet operating expenditure. Large scale fleet operators are seeking solutions to remotely observe their fleet operations. Global Market Insights Inc. has recently published a research report which predicts that vehicle tracking device market share is set to surpass sale of 82,000 thousand units along with revenue contribution of more than $3 billion by the year 2025.
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