GPS Tracking Device Market From Personal Safety to Fleet Management

The report "GPS Tracking Device Market by Type (Standalone Tracker, OBD Device & Advance Tracker), Deployment Type (Commercial Vehicle, Cargo & Container), Industry (Transportation & Logistics, Metals & Mining, and Construction) and Geography - Global Forecast to 2025" The GPS tracking device market is expected to reach USD 3.7 billion by 2025, at a CAGR of 11.4% between 2017 and 2025.

The factors that are driving the growth of market include the increasing sales of commercial vehicles, small farm factor, affordable price, and high ROI.

The growth of these devices is driven by the growth of commercial fleet management and declining prices of GPS trackers.

“APAC is projected to dominate the GPS tracking device market between 2017 and 2025” APAC is one of the emerging markets for the GPS tracking devices.

The usage of GPS tracking devices in this region is less as compared to other regions.

Some of the key players offering GPS Tracking devices include Calamp (US), Orbocomm (US), Sierra Wireless (Canada), Quelink Wireless Solution (China), Concox Wireless Solution (China), TomTom International (Netherlands), Laird (UK), Xirgo Technologies (US), and Maestro Wireless Solutions (Hong Kong) among others.

Investing in a GPS fleet asset tracking monitoring or Video Intelligence system, would be a wise move to help cut your overall insurance costs.

According to an article which appeared in the September edition of Business Fleet Magazine, most businesses are seeing a significant savings either 10-15% or more off their commercial vehicle insurance if they integrate a fleet asset management system into their everyday fleet activities.

When drivers know they can pick up deliveries on time, they will tend to actually take those deliveries instead of making last-minute excuses or taking risky, but costly, alternatives like shortcuts or passing up the opportunity to get the job done right.

This can reduce insurance costs by as much as fifteen percent, not to mention saving the company money in fueling bills and helping to meet fuel bills.Asset tracking systems are designed for any size and type of business.

With the advent of video intercom systems, fleet managers can view what's going on with each vehicle in real time.Vehicle tracking systems have revolutionized how fleets are managed.

The old style was to write down vehicle data in journals, keep them in file cabinets, secure them inside of vehicles only accessible by authorized staff members, and then go from office to check on them.

A good fleet management solution helps you drive improvement, eliminate risks and monitor fleets in a very effective manner.

We understand that the solutions in question are directly linked to productivity, operational excellence, and company policy compliance.

So, here are some of the major factors to consider before you purchase the best fleet management platform for your business:● Policy ComplianceThe right fleet management solution will meet all the minimum compliance requirements for IFTA, DVIR, ELD, and more.

The solution shall also be future proof and constant updates and tweaks need to be implemented to meet the changing business needs and maximize effectiveness.● Safety & Driver Behavior MonitoringWhen evaluating your fleet management solution “fleet safety” is key, a solution with a focus on driver behavior tracking and real-time alerts in unusual events is always the best to opt for.

Additionally, some of the top fleet management solution providers, like Tangerine, provide tailored training programs that help businesses train their employees for effective management.● Efficient Fleet OperationsModern telematics provides companies with the intelligence to run more efficient fleet operations.

Tangerine’s fleet management platform provides insightful reports on driver behavior monitoring.

GPS Tracking Device MarketData Bridge Market research released a new market study on GPS Tracking Device Market with 100+ market data Tables, Pie Chart, Graphs & Figures spread through Pages and easy to understand detailed analysis In GPS Tracking Device Market research report also directs the manufacturer about planning of advertising and sales promotion efforts and makes it more effective.

GPS Tracking Device Market survey provides key information about the industry such as helpful and important facts and figures, expert opinions, and the latest developments across the globe.

This market study includes drivers and restraints for the market along with the impact they have on the demand over the forecast period derived with the help of SWOT analysis.Global GPS tracking device market is to register a healthy CAGR of 12.10% in the forecast period of 2019-2026.

The report contains data from the base year of 2018 and the historic year of 2017Grab Sample Report + All Related Tables & Charts of Global GPS Tracking Device Market Study Now @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-gps-tracking-device-marketMarket Definition: Global GPS Tracking Device MarketGPS tracking is basically an observation of the situation by the use of the Global Positioning System (GPS) to trace the position of an object distantly.

The technology can locate latitude, line of longitude, course direction and ground speed of the target.

The GPS may be a bunch of twenty-four aligned satellites that orbit the earth and create it a possibility for particular ground receivers to locate their geographic locationTop Manufacturers Covered in the Report:Few of the major competitors currently working in global GPS tracking device market are CalAmp, Sierra Wireless, ORBCOMM, Queclink Wireless Solutions Co ., Ltd., Concox Information Technology Co., Ltd. , Laird, TomTom International BV.

Fleet owners will tell you that managing a fleet is not an easy thing. There are so many factors involved. If there is a failure in any of these, the fleet could run into a loss. The competition is severe, and the margins are low. In such a situation proper management of the fleet is essential. Today fleet management apps are helping fleet owners properly manage their operations.

There are still some areas where improvement is necessary. Fleet management software alone is not enough to manage the fleet. You need to integrate different technologies with the software to make your operations more streamlined. We will see how GPS can help in maintaining the fleet in a better way.

1. What Is GPS?

Before we get into seeing how GPS can help to enhance the functioning of your fleet management software, we need to understand what GPS is. GPS expands as a Global Positioning System. It is used to find the exact position of an object on earth. GPS helps in tracking objects and finding the route to a particular place.

The GPS system consists of 24 satellites placed at 19,300 kilometers above the earth. All these satellites orbit around the earth once every 12 hours at 11,200 km per hour. At any point in time, there are four satellites in sight from earth.

Every satellite continuously broadcasts its position and time. Every GPS receiver takes the information from these satellites to calculate the exact location. This process is known as triangulation. It needs at least data from three satellites to get a correct positioning. But if there is information from four satellites, it will be more accurate.

Different GPS devices will give you the reading at different speeds. A car’s GPS device will provide the location faster than the one in a smartwatch. This depends on how powerful the receiver is. The speed depends on how quickly the receiver can establish a connection with the required number of satellites.

All GPS receivers require a direct path to the satellites to establish a connection. This is why GPS may not give the correct reading when you are inside a building. Smartphones and other mobile devices will also depend on wi-fi connections and cellular towers to provide the exact locations.

2. GPS Applications

There are many applications for GPS. As it is a method for locating and positioning it is useful for many purposes. A mobile app development company will find the use of GPS in many apps. We will see a few places where GPS is useful.

Tracking Vehicles

This is one of the common uses. You can track a vehicle fitted with a GPS device from anywhere.

Tracking Animals

This is another important use nowadays. Animals are fitted with GPS devices so that scientists can locate them easily for undertaking various studies.

Surveying

The technology is beneficial in surveying and redrawing maps. Any change of course of rivers or other land masses can be easily detected.

Law Enforcement

GPS helps law enforcement agencies to track criminals. They can track stolen vehicles using GPS.

Accident/Repair Support

When you are stuck on the road, you can call emergency numbers. Even if there is no internet or mobile connection, the emergency crew can find you using GPS on your smartphone.

Geo-Fencing

This application is very useful to know the entry or exit of a vehicle from a designated area. GPS helps to know the presence of a vehicle in that area.

Search

Of course, this is one of the most common uses. With your location, there are map applications which can find hotels, restaurants, hospitals or places of interest for you. This is very useful when traveling to new places.

Military

It was the US military which first developed the GPS. It is used by all armies across the world to know movements of troops and for navigation.

3. Fleet Management Systems

We started the article by saying we will see how GPS can influence fleet management. We have seen what GPS is and how it helps us in various ways. Before we look at the advantages of integrating GPS in fleet management software, let us see why we need fleet management systems.

With proper fleet management software, the fleet owners can manage the trucks in a better manner to give maximum productivity. With so many different entities to be handled, it needs good software to manage the fleet. It helps in the proper flow of information.

A good fleet management system helps in time management. This is very important as the trucks need to be in time to pick up the goods. Companies depend on the truck companies to deliver products on time to their customers.

Fuel management is vital for fleet owners. With so many trucks being on the road, even slight mismanagement can result in huge losses. Every cent saved on fuel is adding to the profit of the company. Proper recording and analysis are possible with good software. If there is any vehicle is not giving the required fuel efficiency it can be corrected immediately.

Having good fleet management systems will help the management to plan the regular maintenance of the vehicle. If the fleet owners can record all details of the vehicle and the parts, then it is easy to know when the vehicle should stop for maintenance. It will prevent breakdowns and subsequent losses.

A good app development company can create a mobile app. This makes it easy for customers to book their goods. It is also easy to make payments to the company. They can even know when the on-demand delivery of products will take place. This makes customers happy. When proper information is available to customers, they will stick with the company.

Fleet management helps in analyzing driver behavior. With the maintenance of proper records, the owners can know how each driver is handling his job. It will also help drivers to input their information about stops and loads transported. Good software will help to keep the drivers happy as there will be no delay in their payments.

A good fleet management software also helps in knowing the actual performance of each vehicle concerning fuel and spare parts. This helps in changing operation methods if needed.

• There are many elements in the truck industry, and so effective management is a must.
• Good software can help in bringing all entities together and giving you data to analyze.
• Fleet management software helps in better time management.
• Good software helps in better fuel management. It results in saving a lot of money.
• The company can plan timely maintenance of the vehicle.
• Customer service is much better when you have good software
• The software can help drivers maintain their records properly and get paid on time.
• A good fleet management system helps in knowing the performance of each vehicle.

4. Use Of GPS In Fleet Management

A fleet is always on the move. Your trucks are in places where you cannot see them. Once they have left on a trip, you have almost no control over them. There can be various drawbacks due to this. Even with a good fleet management software, unless you knew the details for sure, you can’t do much good.

Management of a fleet depends on knowing where your truck is, how much it traveled in a particular time slot, how many stops and starts it made and how well the driver drove the truck. If the information is not available, it is hardly possible to take any action. Depending on people to give this information is not practical anymore.

Integrating a GPS system into your fleet management software brings a lot of benefits. The information you get is enough to run your fleet in a much better manner. You don’t have to depend on human inputs. Let us see some of the benefits that GPS system can give you.

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The study covers the global GPS tracking industry statistics, in terms of revenue, for a period ranging between 2015 and 2025.

The report, besides estimating the ‘GPS Tracking Device’ market potential till 2025, analyzes on who can be the market leaders and what partnerships would help them to capture the market share.

The report gives an overview about the dynamics of the market, by discussing various aspects such as drivers, restraints, Porter’s 5 forces, value chain, customer acceptance and investment scenario.

Request for sample copy of the report at: https://www.adroitmarketresearch.com/contacts/request-sample/624  Rising instances of unauthorized use of company vehicles coupled with the increasing need for fleet productivity are projected to drive the global GPS tracking devices market demand over the forecast period.Engagement of vehicles in timely delivery of labor, materials, money or machines, where improvement in transit time & productivity can make a significant difference to the cost or control over logistics, is a prospect for vehicle tracking system installed.

These factor together are providing an impetus for the growth of the global GPS tracking device market.As the global automotive industry is showing rapid paradigm shift towards electric vehicles (EVs), GPS for electric cars is an additional factor projected to benefit the overall GPS tracking device market.

For instance, GPS tracking for EVs will continuously monitor the situation of charging and will notify whether it is time to return home or look for a charging station.Asia Pacific was the leader within the global GPS tracking device industry with a projected revenue size of USD 1.77 billion by 2025 on account of the rising sales of automobile coupled with the increasing installation of telematics.

If you are looking to increase your company’s profits at the end of the month, you must seriously consider a Fleet GPS monitoring device.

You can call for a free consultation so that you can know how much the GPS tracking devices will cost your company and how much you will possibly save every month.