Press Release
Press Release
The market for automatic vehicle location system is being augmented by the growing focus on vehicle security and vehicle management. As the popularity of shared mobility is increasing, automatic vehicle location systems are deployed for asset and performance monitoring, detailed trip reporting, and real-time scheduling, dispatch, and forecasting. The surging deployment of such systems to capture real-time data on mileage, maintenance, and onboard inventory, among others, is significantly contributing to the growth of the market. With the growing trend of automated driving, the requirement for advanced automatic vehicle location systems for route planning and driving compliances is expected to increase. Moreover, technological advancements and innovations to boost the reliability and accuracy of automatic vehicle location systems are predicted to strengthen the market growth in the coming years.
Descartes Systems Group (NASDAQ: DSGX), one of the leading companies in the market, acquired PinPoint in August 2018. The latter aids its consumers to collect real-time location information on trucks using various technologies, to drive fleet productivity, manage performance, and comply with government regulations. With the growing adoption of telematics in the United States and Canada due to the Electronic Device Logging (EDL) mandate, the acquisition would enable the company’s Routing, Mobile, and Telematics business to meet the evolving demands of consumers. The acquisition also enables the company to enhance its ability to leverage and collect real-time information for optimised GPS tracking, vehicle telematics, delivery route planning, performance analytics, and fleet/driver compliance. Such merger and acquisition (M&A) activities are significantly contributing to the market growth of automatic vehicle location system.
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The major players in the global automatic vehicle location system market are Atlanta Systems Private Limited, Descartes, C3LS, Reveon Technologies Corp., Global Tracking Group, Datum Tracking Group, and Power System Engineering, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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