With 2 billion receivers actively used worldwide, the Global Positioning System (GPS) has become integral to how our fast-evolving world works—and thrives.
Since it was first launched more than 30 years ago, GPS has assisted millions of drivers around the world navigate unfamiliar roads, enhanced security capabilities to keep borders more secure and facilitated the rescue of thousands of natural disaster victims. With the GPS market projected to grow by a compound annual growth rate of 18% by 2025 from USD38 billion to USD146.4 billion, according to a report by Grand View Research, Inc., its role is set to become more central to everyday life.
THE GPS IS SET TO BECOME MORE CENTRAL TO EVERYDAY LIFE.
The GPS has also given rise to ongoing cutting-edge developments, from self-driving vehicles to popular navigation mobile applications Google Maps and Waze, which collectively enjoy over 1 billion users a month. Moreover, businesses such as Southeast Asian tech unicorn Grab are utilising GPS tracking to improve customer safety by allowing riders to share real-time locations with friends and family.
And the benefits of GPS tracking aren’t exclusive to customers. Automotive GPS trackers, devices that are installed into vehicles, can now help businesses and organisations more efficiently utilise their transportation fleet. They can help emergency response vehicles find the best route to their designated locations, help delivery companies lower the fuel consumption of their trucks by minimising time spent in traffic and optimising delivery routes and monitor driver behaviour to encourage best driving practices.
AUTOMOTIVE GPS TRACKERS CAN NOW HELP BUSINESSES AND ORGANISATIONS MORE EFFICIENTLY UTILISE THEIR TRANSPORTATION FLEET.
Amongst the greatest advantages for businesses is to cut down the costs of operating a corporate fleet. A study conducted by research firm Aberdeen Group shows that organisations that installed GPS trackers onto their fleets were able to reduce fuel costs by 13.2%. Monitoring driver habits can allow companies to ensure that excess speeding is reduced—for each 1.6 km/hour that exceeds 80 km/hour increases fuel costs increase by 1.5%. Concomitantly, employees’ activities can be recorded and maintained with accuracy, thereby eliminating the inconsistencies and human error that may arise from paper logs.
FindMe™, which brands itself as the “Smart GPS Management Solution” and developed by PNMB InnoVentures, is one such industry player that provides automotive GPS tracking products. Their online store showcases several ranges, which include FindMe™ convenient and easy-to-use TrackLite™ GPS tracker appropriate for both commercial and personal vehicles.
All products are connected to a tracking database platform that analyses information extracted from the vehicle’s engine control unit, such as fuel levels and consumption, as well as driver behaviour. Free demos and consultations are available on FindMe™.