The global vehicle tracking system market was valued at USD 22.05 billion in 2023 and is estimated to reach approximately USD 77.80 billion by 2032, at a CAGR of 15.0% from 2024 to 2032.
The market for vehicle tracking systems has grown as a key technical advancement that is transforming personal car security and fleet management. When it was first introduced, it was a specialized innovation mainly for the logistics and transportation sectors, but it has quickly spread to other areas. This system tracks and monitors automobiles in real-time by integrating software, GPS, and...
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