GPS tracking devices are used for tracking the movements any person or vehicles, which help in determining the exact location of the assets. This information is stored in the tracking unit, which are further transmitted to a central location database by using a cellular devices, radio, or satellite modem embedded in the unit.Browse Complete Report For More Information @ coherentmarketinsights.
com/ongoing-insight/gps-tracker-market-2093Increasing adoption of Internet of Things (IoT) and Cloud Technology is one of the major factors driving growth of the marketOne of the major factors attributed to growth of the market is advancement in Internet of Things (IoT) and cloud technology due to increasing penetration of internet users across the world. For instance, according to the Internet World Stats, in June 2017, total Internet users were reported to be 3.88 billion among global population of 7.
52 billion. Moreover, according to the Coherent Market Insights analysis, the number of Internet of things (IoT) connected devices was US$ 17. 72 billion in 2016, and it has increased to US$ 20.
38 billion, worldwide. Integration of IoT and cloud technology provides facility to install the GPS tracking device in any location such as office, home, and many more, which further increases security of physical assets placed in the residential and business. This device allows users to monitor individual, animals, vehicles, or any object in real time, which in turn makes communication rapid and faster between devices and users along with high accuracy, precision, and reliability.
Global GPS Tracker Market: Segment TrendsAmong deployment type, commercial vehicles segment accounted for the largest market share in 2017, and expected to hold the largest market share in the global GPS tracker market during the forecast period (2018 to 2026). The factor attributed to growth of the market is increasing sales of commercial vehicles worldwide. For instance, according to The Organisation Internationale des Constructeurs dAutomobiles (OICA), in 2015 the sales of commercial vehicles was 23.
3 million and it has grown up to 24. 3 million in 2016. Global GPS Tracker Market: Regional InsightsThe GPS tracker market in Asia Pacific region is expected to exhibit the highest CAGR during the forecast period of 2018 to 2026.
The factor attributed to market growth is increasing stringent government regulations along with increase in production of vehicles in emerging economies such as India and China. For instance, according to the International Organization of Motor Vehicle Manufacturers (OICA), the production of commercial vehicles in India in 2016 was 4. 51 million and it has grown to 4.
78 million in 2017. Global GPS Tracker Market: Competitive LandscapeMajor player operating in the global tracker GPS market include Orbcomm Inc., Laird PLC.
, Teltonika UAB, Geotab Inc., Sierra Wireless, Inc., Queclink Wireless Solutions Co.
, Ltd, Tomtom International Bv, Rilapp Technology Inc., Calamp Corporation, and Shenzhen Concox Information Technology Co. Global GPS Tracker Market: TaxonomyBy Product TypeStandalone TrackerConvert GPS TrackersAdvance TrackerBy ComponentsGPS LoggersPersonal GPS TrackerReal Time GPS TrackerBy Deployment TypeCommercial VehicleCargo & ContainerBy Tracking DevicesSatelliteCellularBy VerticalsTransportation & LogisticsConstructionOil & GasMetals & MiningGovernmentOthers (Education, Retail, Hospitality, Agriculture, and Health care)Inquire Here Before Purchase of Research Report @ Coherent Market Insights:Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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RELATED QUESTION What is the main function of pipe flanges? Pipe flanges allow disconnection of piping from equipment and removal of certain items within a pipeline, such as strainers, pumps and valves.In the case of screwed piping, flanges (or screwed unions more commonly in screwed piping), the flange/union joint allows assembly of piping running from fitting to fitting.
For example, piping most typically has a right-hand-thread (turn right or clock-wise to tighten). When turning the pipe one way to tighten it into a fitting, the opposite end is in fact turning to loosen. One could not assemble a bypass around a valve from tee to tee without loosening a previously made joint.
Using such a joint breaks this assembly into two segments each of which can be tightened in the proper direction. The above is a general response to the nature of the question and no specifics of application are to be implied or inferred. The response does not constitute legal or professional engineering advice.
Seeking the advice of a qualified professional specific to your particular application, is recommended. What is the main function of pipe flanges?
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